Evening star. [volume] (Washington, D.C.) 1854-1972, 1918-09-18

gage 5S SOLO at 20 ana the general oSs
the new issue recently listed, at 70 4
American Graphophone IS brought Do,
| and at the close small lot sold at
9Oh.
The Security Savings and CONNER
cial National Bank directors have DE-
per cent, payable October to share
holders of record September 25.
Will Increase d. CTS Subscriptions
Handling of the subscriptions to the
fourth liberty loan from the enlisted
and commissioned personnel OF the
United States Navy will materially
add to the grand total OF the D1strlct
subscriptions.
1t appears that only a very small
part Of these subscriptions have here
tofore been financed by local instftu-
tions, and as the total will not be far
from $5.ooo.ooo It will be quite an ad-
1t is also something of a burden to
the banks Of the city, and in assuming
it they give further evidence of their
desire to do all possible in aid Of the
fourth loan.
The Federal National Bank is a
member of the syndicate that will
handle these subscriptions.
The advisory council of the Federal
Reserve Board was in session on Mon
day and Tuesday of this week In this
city.
Should Ask Exemption.
As a further commentary on the es-
sential character of the work perform
cd by trained banking men, and in ex-
tension of the details as made pubic
in this column on Sunday last, the Amer
lean Bankers Association, through its
president, circuiarizes the membership
with a special bulletin concerning the
draft
This bulletin is especially interesting,
in view of the fact that 1t has been
was opposed to asking exemption for its
members. \
ITO the members of the American
Bankers Associations:
THE provost marshal general has
ruled that banking is an occupation
necessary to the maintenance of the
national welfare; and that skilled Off
GERS and employees of banks may claim
exemption or deferred classification.
under the new draft law, on the
ground that their services are vital
to the continuance of the business in
which they are engaged.
THE provost marshal general states
that waving the right to be placed in
a deferred classification is a mistaken
act of patriotism. He urges every
person affected by the law to state
frankly and honestly his exemption
status. as by SO doing he will aid
materially in the task Of classifying
registrants.
Therefore. bank officers and en-
ployes whose services are essential to
the business should not hesitate, for
fear of criticism, to claim exemption
or deferred classification on occupa-
|tional grounds. To do otherwise
would be a hindrance rather than a
help at this time.
IF officers and clerks in banks,
however, neglect or refuse to Claim
the exemption to which they are en-
titled, that claim may be made for
them by the bank in which they are
clerk fears unjust criticism or be-
lieves his act may be misconstrued,
the bank which employs him may file
a claim for his exemption on occupa-
itional grounds with the district board
of appeals. 1t is most earnestly de-
sired, however, by the authorities at
Washington that every one state
frankly and honestly his exemption
status, as it will be considered more
patriotic and helpful to- do SO than it
would be to waive his rights.
ing source that, wherever practicable,
bank should file with the local ex-
emption board a list of its officers and
employees whom it deems essential for
which it's claims are based, as many
bank men will not claim exemption
even though entitled.
Regulations have been issued and
should be studied carefully. by bank
employers and employees
Bank men are not exempt because
they happen to be bank men, and the
1ication will depend upon the condi-
tions of service, which will have to be
proved. The final determination under
the regulations will rest with the dis
trict board of appeals