Evening star., 1919-07-24
NAME COMMITTEE
ON A. B. A. MEETING
Believe Convention Cost
! Could Be Kept Around the
a $4,000 Mark.
new CERTIFICATE ISSUE
BY I. A. FLEMING.

By I. A. FLEMING.
Comparatively few bankers were
present at the special meeting of the
District Bankers Association yester-
day afternoon. and for that reason 1t
was deemed wise not to take positive
action regarding an invitation to the
A. B. A. to hold it's 1920 convention in
this city.
1t was decided to appoint commit
tee, to be named by the president Of
easily be obtained at small cost
the situation and report to a later
meeting regarding the sentiment of
the bankers of the city in the matter.
The A. B. A. convention of 1905 was
held in Washington. Entertainment
was provided on a lavish scale, includ-
ing a banquet at the New Willard. the
engagement Of theaters, steamboats,.
carriages. etc.
The cost at that time was some
made that in modern Washington IA
cilities for the daily sessions might
might .even be possible to obetain the
through the use of the wonderful IA
ss sb.ss1s of tho that or Pi @Ss
Building might readily be obtained for
a reception without cost. and that 1t
might be even possible to obtain the
use of Continental Hall at small cost
Washington caterers to the puoac
entertainment are progressive, ana the
matter of theatrical seats would not
be an Increase expense.
Without stinting. it is believed ny
men who are familiar with pubic
hospitalities that the convention
would not cost the city more than
$4,000 at the limit.
Banks in other cities, and mere as
well, have made generous gifts Tor
the entertainment of the great or
ganization. In all probability there
would be no objection on the part o. OF
banks making contributions for this
purpose. although the matter should
be looked into.
The suggestion to invite the A. B. A.
came through the Chamber OF Com,
to the District Bankers Association.
The committee named by NJ. d.
Rosenberg. president of the District
BANKERS Association. is as 1oiiows:
R. Harper; Chairman: gnaIGe n W y Hayhes Whits
H. H. Mckee, Joshua Evans, Jr., ana
M. D. Rosenberg.
They will organize this afternoon.
Committees Report Tonight.
subcommittee of the utilities
noteholders committee will make re-
port to a full meeting OF the commit
tee to be held tonight the result or
two visits seeking information. made
recently, one to w. F. Ham. president
of the washington Railway Company,
and the other to Engineer Commits
sioner Kutz.
Both committees were In search OF
practical information on which to
base any action that may be taken by
the full committee. The deeper the
committee delves the more the ques-
tion Of replacement value impresses
lem through revaAuation OF physical
property.
Any valuation made a few years
ago would give small basis for COM
putting replacement cost on the cur
rent prices for labor and materials
today, and the law allows fair re-
turn on investment
New Treasury Certificates.
Treasury certificates in denomina-
tion of 500 and $1,000 are now avail
able to purchasers at $3.50 for 800
and 1886 for $1,000 certificates. this
being the July price. with 20 cents
per month increase on the lower oe-
nomination certificates and So .
month of the 81 1000 certificates.
Both forms will mature January l.,
1924 They are redeemable on de-
mand at cost plus per cent. They
are issued registered only; are not
transferable and are payable only to
the owner, save in the matter OF
death or disability.
Bond Day in Local Market.
This was bond day on the local stock
exchange six different issues figuring
in the days transactions while prac-
tically but one security was traded in.
Washington Gas SIS Sold at 96A ;
Capital Traction SIS at SS: Potomac
Electric drst SIS at 9s; District of Co
lumbia Paper IS at s7h; Railway Is
at IS and the IS of the same company
Fifty shares Of Capital Traction
stock showed on the sales record
~. Ma npiea an Railvav preferred