Evening star., 1918-09-12
ALL LIBERTY BONDS
EXPERIENCE ACTIVITY

MCMLIVUL HUllvlIl
Buying of various issues OF the
liberty bonds has been stimulated
since the recent request Of Secre-
tary McAdoo that the next liberty
loan will be exempt from taxation up to
$4,000 of face value Of bonds. and
that an aggregate of $4,000 race
value Of the first, second and third
issues be exempt from taxation.
There was considerable activity In
Washington yesterday and today In
the trading of second As. The 31ss ex-
perienced less activity.
Bankers are satisfied that the rais-
ing of the exemption limit Will
doubtless be a great stimulus In the
Forthcoming campaign.
Going to Convention.
E. J. McQuade. president of the
Washington Chapter Of the American
Institute of Banking said today that
there will be quite a number OF the
members of the local chapter who will
attend the annual convention of the
institute which will be held in Den
yer, col, September 1919. On their
way home the Washington delegates
will attend the annual convention of
the American Bankers Association
which will be held in Chicago, Sep
tember 1928.
President McQuade said that the 10
cal party will leave late Saturday
night and that they will be accom-
panied by a party of seven members
of the Richmond. Va. Chapter. A: II.
CT nf
National Bank. and Roy L. Neuhauser,
past president of the local chapter
have already signified their intention
of making the journey.
Many Financial Men Register.
Although definite figures were not
given, prominent local financial men
said today that a large percentage ol
the men engaged in the various
Washington signed up for identified
ton draft cards today. With but one
exception all of the five members OF
the executive committee or the local
liberty loan committee registered to-
day. The one exception on this COM
mittee only missed the great honor
and pleasure" as he expressed 1t, by
two years.
Encourage the Moderately Rich.
The idea was advanced by one prom
inent Washington banker today in
connection with the Treasury Depart
ment's announcement regarding a
more generous exemption from the
surtaX of all classes of liberty bonds
except the first issue, that it would
be a good idea to design some sor,
of an amendment SO as to encourage
the moderately wealthy man to buy
liberty bonds: that is to say the man
who can afford to subscribe to
amounts between $4,000 and $4,000
This is the class" this banker said
according to latest information OBJ
tanned from authoritative sources
which the various liberty loan COM
mittees have found the hardest to
reach, for one reason or another"
E. w. Popkins Assistant Cashier.
At a meeting of the board of direc-
tors of the Merchants Rank late YES
terday afternoon the board elected
Edwin w. Popkins as assistant cash.
ier. Mr.. Popkins is one Of the best
known younger banking men Of
Washington, who has been identified
with the Merchants Bank in the ca
pacity of teller for the past two years
He will prove valuable assistant tc
Cashier Ernest E. Herrell.
President Drury on Vacation.
P. J. Drury, president of the AIer.
chants Bank. left Washington for his
summer home, at City Island. n. W
where he expects to stay for the bal.
ance of the month.
Goldsmith Elected Director.
Charles A. Goldsmith was elected 6
director of the Union Savings Bank al
L
| board of that institution yesterda,
afternoon.
The Washington Stock Exchange
was closed today.