The Washington times., 1919-06-26
URGES PERSONAL
PROBE OF CREDITS

lNOC4CnE personal UP 70 6n SAbCA-
prise which wants to borrow money,
instead Of relying on mercantile re-
portz, a. q means Of bankers cooper
lattnE IN the commercial and industrial
development of Washington, Ross P.
IAndrews- chairman of the Merchants
and Manufacturers Associations in
dustrial expansion committee, in an
address before the second days ses-
sion Of the District Of Columbia
Bankers Association told the mem
bers that as q business man he would
not think Of granting or refusing
$4,000 credit to a firm without ire
quently visiting its plant or place OF
business.
cit is q fair assertion" he said,
that there are many bankers IN
Washington who are loaning as high
as 800, 900 to mercantile houses here
who do not set foot in their doors
once in six months. II District
bankers would establish a bureau Of
trained, paid men to devote their
time to the investigation Of new in
dustries and to supervise applications
for loans, am sure Washington
would be the gamer.
81 wish every bank would re-
Iigiously scrutinize and keep thor
oughly in touch with the activities Of
every business in Washington Bank
! officers should know from more than
hearBay what our business institu-
lions are doing"
Urges New Fraud Law.
B. A Bowles, cashier of the Poto-
mac Savings Bank Of Georgetown, in
speaking Of undesirable accounts,
said that past due paper could hardly
be q subject for legislation and was
not always undesirable, as in many
cases oversight or neglect was. the
cause Of this. He strongly urged the
passage of House resolution 1o491 or
some other legislation which will
place the burden Of evidence on the
:person issuing a bad check to show
that he is not guilty Of fraud"
'The Hand Of the Banks Pulse"
was the subject Of a talk by William
=. Cadwallader, cashier of the Com
mercial National Bank. William Ma
lther Lewis, director Of the section on
corporation organization, War Loan
Organization Of the Treasury De-
partment, gave q thrift talk"
John B. Larner, second vice presi-
Ident of the association, presided at
the session this afternoon. A vice
president to succeed Corcoran Thorn
will be selected later today, as will q
member and an alternate member OF
{ the nominating committee and vice
presidents for the District Of Column
bia Of the trust company, savings
bank. national bank, and State bank
sections Of the American Bankers
Association.
Symposium Of SystematiEinG.
- u
nm was conducted by Joshua Evans,
5r-. cashier Of the Riggs National
Bank, on "Systematizing Bank Rou-
tine and Forms" Accounting on an
. Actual Basis" by William z. Cad
wallader;' Clearing House Transac-
. TONS" by Robert V. Fleming. assist
ant cashier Of the Riggs National
. Bank; Loan Department Records"
by Charles D. Boyer, r., assistant
cashier Of the Federal National Bank:
Bookkeeping Department and Unit
System for TeIlers." by F. G. Addi-
son, jr- manager Of branches Of the
American Security and Trust Com
pany; Customers Securities" by Al
bert S. Galley, cashier Of the Lin
coin National Bank, and Joint and
. Survivorship Accounts" by B. A
'Bowles, were among the technical
papers read at the morning session.
Among Those Present.
The following is a list Of those
present at the convention and the in
'stitutions represented:
American Bankers Association.
George z. Allen; American Exchange
: National Bank, New York, Claude
Z Cf1bar+. A-.-yc., N-,.s..Y ~,
T. Galliher, L w. Groomes. and W.
J. Waller; American Security and
Trust Company, W. W. Keck, n. S.
Reside, c. A. AspinwaIl, J. L Fugitt,
: Corcoran Thorn, and F. G. Addison,
jr.; American Surety Company, L.
Bert Nye; Anacostia Bank, Raymond
z. Hunt; Bank Of Commerce and
Savings, John NJ. Riordon, NJ A
Leese, and NJ. D. Rosenberg; Central
Savings Bank. Charles E. Eckloff;
Columbia National Bank, Benjamin
W. Guy and Clarence Corson; Com
mercial National Bank, william E.
Cadwallader, r. A. Cissell. and A. R
Varela; Continental Trust Company,
J. H. Baden; Crane, Paris and Com
pany, Eugene Z. Thompson; District
National Bank. Col. Robert y. Har-
per; Dupont National Bank; W. W.
Spaid; East Washington Savings
Bank. John c. Yost and Nathan Cow
sill; Farmers and Mechanics National
Bank. Harry V. Haynes, H. w.
; Fisher, Charles Fl. Cragin, H L.
Selby, J. D. Rhoades, and George L
, Nicholson; Federal National Bank,
c. D. Boyer, jr., and W. ]. Eynon;
Federal Reserve Bank Of Richmond,
A. H. Dudley and James F. Oyster;
Home Savings Bank. B. F. Saul; Lib
! erty Savings Bank. George o. Wal
son and Edward J. McQuade; Lin
coin National Bank, S. Dana Lincoln,
George G. Humphrey, A. S. Galley,
L. Ergood. and W. H. Harris; Mer-
chants Bank. Ernest E. Herrell;
Merchants and Manufacturers Asso-
citation, Charles J. Columbus; Ma
tional Bank Of Washington, Albert
2 Run. Everett H Parsley, George
7. Starkey, Maurice F. Flynn, Arthur
MAY and Ross P. Andrews; Ma
fIonal Capital Bank, William n.
Pavne. jr; National City Bank OF
Kew York, Hileary Luke and Leland
Getz; National City Company, Leon
shore. and H. L. Dunwoodie; National
Metropolitan Bank, c. F. Jacob
SON. A. H Bedford, and ". F.
GUIDE; National Savings and Trust
~ornpany. Charles c. Lamborn and
p Wilson; Northwest Savings
Bank, F. NJ. Savage; Park Savings