Evening star. [volume] (Washington, D.C.) 1854-1972, 1919-05-26
A. B. A. MAIN OFFICE
MAY LOCATE HERE
Decision Made to Have Represent
alive of National Bank
Section in District.
BY I. A. FLEMING.

BYI. A. FLEMING.
The council of administration o.
the American Bankers Association
at it's recent meeting at White Sui.
pher Springs considered at consider.
able length the question of moving
the headquarters of the association
from New York city to Washing
ton. D c.
H. H. Mckee. president of the Ma.
tional Capital Bank and member Of
the executive council, commenting
upon movement to establish head
quarters here. said:
There Is very general feeling
among the bankers of the associa.
ton and the members of the execu-
tive committee that the head office
of the association should be located
in Washington. All legislation gov
erning the banks of the nation origi-
the ruling body of our entire f1nan-
cial system. is domiciled here. and
Gov. Harding of the federal reserve
board has declared that he would well
come conferences from time to time
with representatives of the American
Bankers Association.
| Moreover there is not one big or
| ganization of national Importance
that is not represented in the capital
! of the nation. The farmers. organized
] labor, suffragettes and anti-suffra-
gets, export and import organizations
and scores of other associations are in
| direct touch with the lawmakers, with
| the various departments and with fac
tors of vital Importance to them. while
the American Bankers Association
with a membership representing $4,000
banks, over 1000 Of them national in
| situations, is without representation.
Recognising the necessity of repre-.
sentation. the executive council at the
| White Sulphur Springs meeting gave
consent to plan to establish head
| quarters here for the national bank
/ section Of the association, while de-
ferring action on the removal Of head
| quarters from New York to Washing
ton until the annual convention at ST
| Louis this fall.
| LAS soon as Fred w. Hyde. secre-
| tary Of the national bank section OF
| the association, arrives in Washing
| ton we will take up the matter OF
securing Office location and of ap-
| oointing representative for the Sec
ton"
The American Bankers Association
was organized forty five years ago
| and is one of the leading organize
lions of the country.
Buena Vista Convention OF.
The District bankers convention,
scheduled for Buena Vista. Pa, has
been temporarily called of. Word
was received this morning that &C.
ocmmodations could not be obtained.
as some Pennsylvania business gath
.irng had secured the dates sched-
uled for the local state" convention.
John B. Larner at once called q
meeting of the committee on location
and dates for the convention for this
afternoon at o'clock. when a second
choice will be made and new dates
arranged.
The June dates admittedly offered but
short time for the arrangements OF the
details Of the gathering. and H. H. Nc
Kee, chairman Of the program commit
tee. will welcome the postponemen t.
Old Point Comfort. Deck Park. Attain
tic City and Braddock Heights are now
| mentioned in the list Of candidates for
convention honors.
Treasury Calls for Cash.
The Treasury Department this morn
ing called for so per cent OF moneys
on hand from the sale Of Treasury GER
tiflcatss dated Nay l. 1919. and matur-
Funds must be in the hands Of the
Richmond reserve bank by tomorrow.
the 27th instant. Z
Redeposits Of Tax Money.
The Treasury Department this morn
ing redeposited 81. 00o. 600 tax funds with
| the national banks Of the District, pro
| rata with their resources.
Personal Mention.
NJ. e. Allies left at noon for New York
city.
William Todd Ashby. private secretary
for r. N Harper, has resigned his posi-
ton and will 60 to New York to locate.
Bonds Attract Some Attention.
On today's session Of the local stock
exchange bonds attracted some little
interest. especially Potomac CONSOLE
dated % at e2h and the general 81
Of 1929. which opened at S7M and ad.
Not enough Railway preferred was
sold to make a market, q couple Of
shares selling at 81 and then repeat
ing at 62H,
washington Gas was steady At
SIN.
number Of ten-share lots Of Graph
Putting Out Preferred Stock.
The directors of the District Of CO.
lumbia Paper Company, one Of the
successful Industries Of the city, have
stock. which will be offered to the
public after the approval of the
shareholders.
The present capital Of the corpora
ton is 100000. the stock pays 8 per
cent dividends annually and is listed