The Washington herald., 1912-08-15

Bank STOCKS ahordeQ most OF the IN
terest and activity Of yesterdays session
Of the Washington Stock Exchange. Ten
shares of Commercial National Bank
stock were sold at 2o5. ten shares Of
United States Trust at IAN. and twenty
shares of National Bank of Washington
at go.
Junior Banker. Go to Convention.
Delegates from the Washington Chap
ter of the American Institute of Banking
expect to leave in a few days for the
annual convention of the Institute at
Salt Lake City August p to o. The dele
gates are under instructions to vote for
Harry V. Haynes, of the Riggs National
Bank. for vice president first. last. and
all the time"
The Washington delegates are F. G..
Addison, jr., of the Home Savings Bank:
F. B. DevereuX. of the National Savings
and Trust Company; c. II. Doing, Wash
ington Loan and Trust Company; A.
Nevius. Riggs National Bank; w. w.
Spaid. Of w. B. Hibbs & Co, and DIR.
H. C. Duffey, Of the McLachlen Banking
Corporation.
Mr.. Mearna Comes Back.
William A. Mearns. OF Lewis. johnson
& Co.. returned yesterday from New
Hampshire, where he has been enjoying
a vacation
Murray Gains Strength.
Messages from Lawrence o. Murray.
Comptroller of the Currency. who is in
Atlantic City to convalesce from an at
tack Of grip. stated yesterday that he is
imposing steadily. Mr.. Murray was re-
ported not to have been very seriously
I'll while he was in a hospital here. but
his physicians recommended that he
should take a vacation and recuperate
from the effects of a years hard work
and Of grip.
News that his recovery is progressing
will be welcome to a very large circle
of official and personal friends in the
Capital.
Citizens' Savings on the Move.
The Citizens Savings Bank. which is
now moving from 1905 New York Ave
nue. Northwest to l42l G Street North
west, will be located In its new home by
the early part of next week. its presi-
dent, James A. Sample. said last night
The work of preparing the new banking
rooms has been nearly completed.
Check Collection Fee Investigated.
A report that the Department of JUS
tice is investigating a New York clear
ing-house rule relating to the charging
OF fees for the collection Of checks
aroused an unusual interest in Washing
ton. This rule provides that banks in
the New York Clearing House Associa-
ton shall have discretion not to make
the charges on checks payable in cities
known as Clearing house
cities, among which are Baltimore.
and Newark. On checks
payable IN all other cities, including
Wa shinGton. the collection fees must be
charged according to rates prescribed.
Efforts 10 have Washington placed
among the Clearing house cities" have
been futile in the past. but the belief
that Washington is placed al a disadvan-
tage through not having the same privi-
lcSes as Baltimore and Philadelphia re-
mains strong among some local bankers.
II is believed that the Department OF
Justice is endeavorinS. through its inves-
tigation of the rule. to ascertain IL banks
Of the New York Clearing House Asso-
ciation by exercise of their discretion TO
favor some cities may not be infringing
the Sherman antitrust law or the
tionaI banking law. The investigation Of
this rule is thought TO be a collateral
branch of the probe of the alleged
Money Trust
II is probable that IL the department
finds evidence that the rule is being i'm
properly used. the Treasury Department
will be asked to readjust the matter
through the Offices of the Comptroller of
the Currency.