The Washington herald., 1913-01-18
Photo by Edmonston.

to be called up. In four States the Leg
islatures are Overwhelmingly Democratic
and it would seem easy to pick up a
couple this winter.
As soon as the constitutional author
ity is given, through the ratification by
two more States, only a majority vote
in the House and Senate will be re-
quired to pass the income tax bill.
Congressman interested in financial
legislation observed with concern the
testimony yesterday before the Money
Trust Committee and Currency Reforms
Committee. of George VI. Reynolds,
president of the most important bank in
Chicago. He illustrated the wide differ
enCe between the Eastern and Western
viewpoints of banking, and currency re-
form. These Congressman foresee a long
wrangle in Congress when the currency
bill come in, between these conflicting
policies.
Reynolds was pronounced an excellent
Y illness for Untermyer and his testimony
delighted the committees counsel who is
seeking to locate a money trust"
Another feature Of Uutermyers report
will he a recommendation restricting the
loaning by national banks of money TO
their officials or directors. 1t is probable.
however, that the prohibition will not
apply to firm OF which n bank director
might he a member. That is to say. the
firm could borrow but the director, as an
individual. could not.
Negotiable Instruments.
The first lecture in the course in the
Law of Negotiable instruments" will he
delivered by Prof. Charles A. Douglas
at the chapter rooms of the Washington
Chapter of the American Institute OF
Banking on Wednesday evening, Janu-
ary -. at S:l5.
This is the first of series of ten Ice
lures to he delivered by Prof. Douglas
on this subject. and members are re-
quested to procure a copy OF Daniel and
Douglas on the Elements Of the Law of
Negotiable Instruments" to enable them
to cover the reading assignments in a
manner. This is designed
to be the most beneficial educational en-
deavor ever undertaken by this chapter
and an excellent opportunity for those
desiring a knowledge of the laws of bills
and notes. Banking officials are request
ed to call the attention of the younger
men to the advantages to be derived
from a systematic study of the subject
Nearby Elections.
Directors Of banks in Prince George
County were elected as follows:
First National Bank of Hyattsville-
Joseph W. Aman. c. l. Bowman, c.
Frank Carr. Charles G. Hetmuller. DR..
Guy W. Latimer. George Fl. Laphardt.
William p. MaEruder. Harry J. Patter-
son, jackson n. Ralston. George w.
Sexton, Harry ". Shepherd. s. w. Wood
ward. and DIR. Charles A. Wells. Jack
son II. RalstOn was reelected president:
DR.. Charles a. Wells. vice president:
Harry w. Shepherd, cashier, and Jack
son II. RalstOn, attorney.
First National Bank of Southern Mary
land, Upper MarIbOro-Charles a. NJ.
Wells. Judge T. Van ClaGett. Richard
n. Ryon, Aquilla T. Robinson. DIR.
Charles 4. Wells. NJ. Hampton Magru
der, and Henry \. Morris. DIR. Charles
A. Wells was reelected president: Rich
ard n. Ryon. vice president; w. S. Hill.
cashier, and Judge T. Van CIaEett, at
torney.
Farmers and Mechanics Bank of Seat
Behrend. DIR. T. NJ.
Brady. Richard F. Brown. Francis S.
Carmody, Howard L. Christmas, w.
Samuel Collins, o. E. Darnall, John Bros
nan, jr.. F. B. Grayson, John w
Gregory, William H. Keffner, Samuel J.
Henry, William H. Lacy, Tucker X
Sands, DIR. l. s. Savage, F. A. Van
Reuth, and Edward s Wolfe. Francis
8. Carmody was reelected president;
Tucker X. Sands, first vice president:
DR.. L. S. Savage, second vice president;
F. B. GraysOn, cashier, and Clarence NJ.
Roberts, attorney.
Maryland Trust Elects.
Directors of the Maryland Trust Com
pany declared an initial dividend of .
per cent on the common stock, the regu-
lar dividend OF per cent on the pre-
ferred stock and elected six new MEM
bers Of the board of directors to repre-
sent Maryland Casualty Company in
terests.
John T. Stone president of the Mary
land Casualty Company
Robert Garrett, of Robert Garrett &
Sons, bankers.
George W. Fleming, vice president
Consolidation Coal Company.
Rufus NJ. Gibbs. president Gibbs Candy
Company and Gibbs Preserving Com
PAM.
James L. Sellman, of James Bombay,
jr.. & Co.
C. Wilbur Miller. president Dawson