Evening star., 1919-06-26
A. S. Galley Makes Address.

20 Handling of CollateraIs. Securities
and Liberty Bonds Left for Safe
keeping was the interesting subject
assigned to a committee headed by
A s.. Galley. cashier OF the Lincoln
National Bank.
This committee is of the opinion"
MI. Galley said. that in adoDtine
forms and systems all records of
whatsoever kind should be clearly
and simply entitled. so that employees
who keep the records have only to
NIL in the proper columns with the
information as indicated. Use clear,
plain type of the same character on
all forms and records: in other
words, standardize them.
Upon investigation the committee
nnds that comparatively few of the
banks and trust companies encourage
the leaving of bonds and securities
Tor safe keeping. feeling that outside
OF the great amount of work entailed
the responsibility assumed is great
and the proper way of taking care
of these is by means of the safe
deposit box
However. owing TO the vast num-
Der of transients in Washington
brought about by the war, banks
have been put in position where
they could hardly refuse. One of
oJHs 1eading trust companies has
ad0pRd the following system. which
yRSi committee thinks is as COM
plRfsas, any we came in touch with.
lt&pist is as follows:
rAceives liberty bonds for safe
X lHg, without charge, from any
Cu bESer cutting the counons ON
th 5 Rnaturity dates and crediting
mi 4Eeunt of the customer"
bS Afternoon Session.
RWrt y. Harper. president of the
Di National Bank, presided. Mr..
HaWG made a few remarks, recog-
MD Rshe work of the convention
as kscfor of Importance to the pro-
1eS&pr and cOmplimenting the young
er RsH on the excellent character OF
the work in the interest of the
BaSkEBs Aid to Enterprise Topic.
k Banks Can Promote CONNER
ria a6ENerprise." was assigned to
r. - Andrews. chairman of The COM
miRson promoting ma nufacturlng
int4FEs of the Merchants and Manu-
fadDRrS Association and president
OF RH r.. p. Andrews Paper Com
SEhdrews said:
~ frequently hears il said that
1t Q&ffd for commercial enterprises
TO 5lbn loans in Washington. There
HedREtp be a lack of appreciation
of k%alue of industrial enterprises
on ell part of the banking COM
snuRZ Scant consideration of the
I'm fahce of prospective develop
me is alleged. Some have been
ma n 70 feel that the bans of Wash
5nsI6n had no time for that: that
.bd all that would be considered
&o he loans that contemplate real
kstAe3or bond security
8ts consider this matter, there
SorRHom two standpoints-that of
fhe 33n ker and that of the individual l
br &91pany operating a commercial
mr. nSMS trial PnternriSp
Rso Views of Matter.
-TaHny opinion thu communities
IN RS6l-and the National Capital
Is DReXception-shou give the
Ere3fS possible encoura cement to
fhe E6eseiopment of commercial and
industrial enterprises and that the
banking interests of community
should be foremost in the promotion
bf those enterprises. In the zeal for
xhe development of commercial and
Andustrial enterprises l would not
have our banking institutions relax
The measures that are necessary for
the safety of the banking business
But ] believe that the banks of
Washington can go much further in
the promotion of commercial and in
6ustrial enterprises than they have
Ever done before by taking a keener
interest in these matters.
Il don't believe that the banking
, Interests of Washington are as IA
, kniliar with what is going on in busi-
hess as they might be and that our
leading bankers do not possess the
To bring about the trade expansion
(which we should enjoy. -.
Il would not think of extending a