The Washington herald., 1920-06-10


accomplished with deeper concen-
tration even than was the case a.
the first convention at Deer Parl
last year.
The boat arrived at yorktown
about o'clock on Monday morning
and was tied up at the government
dock there" said Mr.. Haynes. The
place was quaint and quiet and the
atmosphere, tinged with salt, was
most invigorating. The convention
was promptly called to order, after
which John B. Larner. president OF
the Washington Loan and Trust
Company. led in a recitation of the
Lords Prayer. President Rosen-
berg began Lhe proceedings by an
address in which he gave a recital
of many things of vast moment &c
the bankers which have arisen dur
ing his administration and con-
cluded by pledginE himself to the
support of his successor in Office.
to the end that athe larger activi-
ties of the association. which have
been enlivened, may be speeded ~
in the greater interest of Wash
ington banks and bankers"
The holding Of the second con-
vention," stated Mr.. Haynes.
brought to light C. F. NJ FadeIey.
a director of the Columbia National
Bank. whose krov ledge of the proc
ess of analyzinG was evidenced in
a discourse under the title: The
Resources-Pericd-U Unit System OF
Analyzi1g the Operative Conditions
of Financial Institutions His
elucidation of his theories as ap-
piled to costs in the handling of
the work of a bank were intensely
interesting and will be further
studied when his remarks are made
available upon the publication ,of
the record of the Proceedings. The
second days session began when the
boat docked at the plant Of the New
port News Shipbuild:ng and Dry
Dock Company, but as the hammers
from the workmen on shore began
taking too prominent a part in the
proceedings the boat bad TO drop
out in the James River and idle
there until +. V. Fleming had dis
posed of his symposium. embracing
four very instructive papers han
died by f. NJ. kmick. CT the Riggs
Natioral Bank. r. A. C:ssel of the
Commercial Bank. George II. Nc
l[ee. of the Riggs National Bank,
and b. A. Bowles of the Potomac
Savings Bank. This symposium con-
sumed the entire morning. After
lunch a short visit was made
through the plcnt of the shipbuild-
ing company and the convention
:Tas reconvened to hear Howard
Moran on the subject of Value of
Borrowers Financial Statements
and Charles A. Peple On Trade and
Bank Acceptarces.' Both Of these
gentlemen were filled with their
subject and Deputy Governor Peple
was required to hold the floor for
a period approximating ar hour and
a half to respCnd to questions asked
of him.
The convention then recessed,
whereupon a meeting of the Ameri-
can Bankers Association was called
10 order. at which meeting George
o. Watson was elected a member Of
the Executive Council for a three
year term to succeed Charles J.
Bell, President of the American Sc
curity and Trust Company. NJ. d.
Rosenberg was elected to succeed
himself as Vice-President for the
A. B. A. for the District Of Column
bia. John b. Larner was elected a
member to serve on the Nominating
Committee for the election at the
convention to be held the week OF
October 18th. Floyd z. Davis was
elected an alternate member of the
Nominating Committee. The follow
ing sectional Vice-Presidents were
chosen: w. J. Waller, Vice-Presi-
dent for the National Bank Section.
Frank G. Addison, jr., for the Saw
ings Bank Section, L. F. Wilson for
the Trust Company Section and
Maurice Otterbakc for the State
Bank Section.
After adjournment of the Ameri-
can Bankers Association meetins
the District of Columbia Associa-
ton convention was re-convened for
the hearing Of reports and the efee-
ton of new officers. The election
resulted in the unanimous choice of
Robert N. Harper as President.
John h Larner. First Vice-Presi-
dent, Joshua Evans, jr., Second Vice
President, Harry V. Haynes, Score
tary and Albert g Galley, Treasur-
er. These four gentlemen with
the president and the two vice
presidents serving ex-ofhcio, will
constitute the council as prescribed
\