The Washington times., 1919-10-03
ID. c. BANKERS WILL
.ATTENDCONVENTION

A party OF Washington bankers
and their wives win leave tomorrow
I night at 9:45 on a special train for
New Orleans, to attend the seven
teenth annual convention Of the
American Institute Of Bankers, Octo-
/ Der Z. S, and 8.
! The Washington delegation will
meet the train carrying bankers from
/ New York. Boston, Philadelphia7 Bal
timore, and Pittsburgh, which will
arrive here tomorrow night at 1885
/ o'clock. On the trip South other
bankers will Join the party at Rich
mond. Chattanooga, Memphis, and
Birmingham, making a party OF 135
delegates in all
In the local representation will be
Mr.. and Mrs. E. J. McQuade, Mr.. and
Mrs T. G. Addison, jr.; Mr.. and Mrs.
A. NJ Nevius, c. Louis Eckloff, Nor
man z. Towson, George A. Herman,
Miss Kathryn BrOdhead, and Miss
Edna Kostmayer Mr.. and Mrs, Vic
tor B. Deyber, who arc now attending
the convention Of the American
Bankers Association at St Louis, will
join the party at New Orleans.
WIN Return By. water.
On the return trip. the Washington
October II via water, reaching New
York October 16.
+ The program Of the convention in
cludes a number OF interesting topics
affecting the banking business. A
ifeaturs OF the program, viii be q de-
bate. between the New York and Chat
tanooga chapters on Resolved, That
Congress coordinate the merchant
marine and the railroads to encour-
age foreign trade"
A symposium on practical banking,
outlining the mechanics Of banking
operations and systems employed,
will be presented at the convention
for discussion. J. Howard .Ardreys
vice president of the National Bank
of Commerce, OF New York. VIII sd-
dress the delegates on Has the War
Made Us Better Bankers?"
Many nay ". S. 5.
Tie war loan organization Of The
Fifth Federal Reserve District an
nounce that the thrift and war stamp
sales from January, 4, 1919, to August
81. 1919, in the District OF Columbia
amounted to S646.63S5O. These ~
vestments in small Government Sc
curities and the coincident Increase
81 bank deposits indicate that an en-
couraging percentage OF the popula-
tfOn OF Washington have continued
the thrift habits formed during the
war.
Treasury savings certificates, is
sued by the Treasury Department in
800 and 81 900 denominations, have
become popular with investors These
certificates cost SS4.2O and Ss42. re-
spectiveIy, in October. 1919. and they
viii be worth 500 and $1,000, Janu-
aFy /, 1924. They constitute short
term. securities with tax exemption
features, and are not subject to mar-
ket huctuations, because they can be
.cashed before maturity, IL necessary
the purchaser receiving his money
back with a smaller rate OF interest.
To Discuss Trade PraetiesS.
A discussion Of trade practices Of
retail and wholesale merchants viii
be the topic Of an address by a mem
Der Of the Federal Trade Commis-
sion, before the Washington AssOcia-
ton OF Credit Men, October %. Ct 8
D. m, in the rooms Of the ComHter-
cial Club at FaFragut Square. The
speaker has not yet been selected
Lanston .Monotype continued on the
upgrade today on the local Stock EX-
change and again featured the trad
ing. Columbia GraphophOne common, i
selling at a fraction above yesteF-
days figure, called forth a brisk
trade, 10 shares and 1920 and 1920
Of the stock. exchanging hands. In the
bond line 81 900 Of Potomac Electric
first SIS sold at 50.
The Washington Stock Exchange
win be open tomorrow, beginning the
first Saturday session Of the fall