The Washington herald., 1912-10-24
ny I. A. FI.EMINe.

A number Of business men and nnan-
ciers gathered In the rooms of the
Chamber of Commerce yesterday after
the Washington Branch of the National
Association Of Credit Men.
II. II. Mckee. president OF the District
Bankers Association and cashier Of the
National Capital Bank. was chosen as
president, and Thomas Grant selected az
secretary.
On taking the chair. President Mckee
made few remarks In which he ex-
pressed his hearty approval Of the plans
for the dissemination OF credit informa-
ton and said that the organization of a
local branch was a movement that
should appeal to business men and the
banks, two interests that should always
pull together. The interchange Of credit
Information was essential to the mini
mixing of losses through the extension
of credit where 1t was not warranted.
The president was authorized to ap-
point committee to formulate bylaws
and recommended consideration of the
bylaws and rules Of other branch Or
ganizations. This committee and other
committees will be named later.
By this action Washington Is put in
line with other progressive cities. whose
merchants and business men generally
have long since availed themselves Of
the advantages Of credit exchange
through the medium OF the National As
ISOLATION of Credit Men.
Some of the trust companies are cur
failing their real estate loans, or endeav-
oring to. There is also a disposition to
go slow generally In the banks until after
the election. pending the effect Of a pos
sible change of administration.
Trust companies are pulling the reins
in on loans to builders contemplating
erection of blocks of houses, moderate
priced though they be.
The demand has not been good for this
class of homes of late.
The uneasiness incident to a change in
administration always lessons the desire
of the people in the classified service to
acquire homes. There seems to be an
assurance. at least. that there will be a
change. unless public opinion is greatly
changed within the two weeks remaining
before the election. there will be an exo-
dus of Cabinet officials. of assistant sec
retaries and others not in the classified
list. and many homes will be vacated.
The uncertainty as to the views OF one
of the popular candidates for the Presi-
dency as regards the maintenance Of the
civil-service regulations. unchanged by
tenure of Office limitations. is also put
ting down brakes on home buying.
The chances are that that the classified
list will remain practically intact. but
until there is an assurance Of unques-
toned authencity from the successful
capdidate, the employees of the govern
ment will be money savers to a larger
extent than usual.
While there may be some hesitation
until after the elections and the an
nouncement of the policy of the new in
cumbent ultimately there will be a re-
vival of interest. The departing Office
holders will be succeeded by another
group of incomers, who will require resi-
dences
The National Capital must continue to
grow unless the nation stands STILL and
there is little chance for anything of
that kind. The business OF the govern
ment cannot stand still-it increases
every year.
Just at present a number of matters
trend to sluggishness-tight money the
world over, politics, an unloading of
American securities that have been car
ried for years by European investors
but, after all, real value is in real es-
tate.
more to counteract the loan shark evils
in Washington than all other PROPOSE
tons that have been advanced.
This organization, founded on the
Morris Plan," has received scores. yes,
hundreds. OF applications from victims
of loan sharks, and from honest wage |
earners without sufficient known credit |
to be able to command accommodations