The Washington times., 1920-08-06
A. B. A. WELCOME
TO Be ARRANGED
Local Executive Committee Will
Meet Wednesday Afternoon
at WilIard-N0tes.
ny WILLIAM NJ. CONRAD.


ecutive committee OF the local or
ganization In charge at a meeting, TO
be held wednesday afternoon al i;3o
o'clock at the headquarters in the
New Willard. according to announce
ment made today.
Robert ". Harper. president OF the
District National Bank, and chairman
OF the committee. has sent out the
call and a large attendance OF the
membership is expected. He has also
pointed out that during the meeting
OF the convention from October is TO
~. every person having any conncc-
ton with a local bank. whether Pres
ident, director or runner, will wear
ribbon entitled Local Bankers In
formation. Ask me?"
William T. Galliher. president OF
the American National Bank. and
chairman OF the badge committee, Is
expected to report at the Wednesday
gathering as will Harry V. Haynes,
president of the Farmers and Me-
chanics' National Bank. who Is chair
man OF the entertainment commit
tee.
STERLING ADVANCES.
Sterling showed another advance
today when 1t sold at 3.62%, an ad-
vance OF " cents over the price OF
yesterday.
After a vacation season spent in
Pennsylvania and Atlantic City,
Joshua Evans, cashier of the Riggs
National Bank. Is back at his desk.
COLVER ON TRADE COMMISSION.
The Federal Trade Commission. Its
province and relation to the business
of the country, were discussed In
graphic detail by William B. Colver.
chairman of the commission, in a
speech made last night before the
summer school OF Pan-American and
Foreign Commerce.
"In creating the commission Con-
gress wrote single sentence which
seems to me-" said Colver, "to sum
up the ideals of American business
and to be at once the Constitution. the
bill OF rights and the Declaration OF
Independence of American business.
These words are, unfair methods OF
competition in commerce are hereby
declared unlawful
Experience has shown" he con-
tinued, that about two out OF every
three complaints which have been
brought before the commission are
not such as to warrant any formal
proceeding against the respondent
OfEthIVftS IO SHsn "lhhhNO'
As the outcome Of a conference at
New York yesterday of operators en-
gagged in the export of soft coal,
ID. b. Wentz. of Philadelphia, presi-
dent of the National Coal Association,
will confer. within the next few days,
with Chairman Daniel willard. OF the
Association Of Railway Executives. to
discuss means of curtailing the privi-
lege Of reconsignment or open top
cars for shipment of coal from the
mines to tidewater ports, for export
trade and for trans shipment to New
England ports. The conference with
Mr.. willard will be held probably at
New York and at time to be fixed
by him.
This move OF the operators Is aimed
at driving out spectators in tide
water movements of coal who have
been exacting high prices for an out
put obtained at nominal prices at the
mines. This is part Of an effort of the
soft coal operators to eliminate every
species of speculation in the handling
of coal wherever ii exists.
Restriction of the reconsignment
privilege in the tidewater movement
operators, is in line with the drastic
order issued by the Interstate Com
merce Commission this week. under
W hich but one reconsignment is al.
lowed. The operators want the most
rigid restrictions to apply to the tide
water shipments, as well as all other
movements throughout the country.
ENTERTAINMENT COMMITTEE
The entertainment committee for
the American Bankers Association
convention which is regarded as one
OF the most important, was named to-
day as follows:
Harry V. Haynes. Farmers and
Mechanics National Bank, chairman;
George Vass. Riggs National Bank
vice chairman; +. G. Addison, Security
Savings and Commercial Bank: c. d.
Boyer, Federal National Bank; B. A.
Boyles, Potomac Savings Bank: Victor
Deyber Second National Bank A. S
Galley, Lincoln National Bank; E. E.
Herrell, Merchants Bank; w. b.
Hibbs, Hibbs & Co.: G. Il. Howe,
American Security and Trust Com
pany: J. r. Larner, Washington Loan
and Trust Company: Il. J. McQuade
Liberty National Bank; B. F. Saul
American Security and Trust Com
pany; w. W. Spaid, Hibbs e. Co.
George l.. Starkey, National Bank OF
washington: w. McK. Stowell, Lin
coin National Bank: T.. J. Stellwagen
Union Trust Company: r.. Il. Thomp-
son. Crane. Paris & Co.; w. J. Waller
American National Bank: George O.
Watson. Liberty National Bank
George w. White, National Metro
politan Bank.
LOCAL STOCK ENCHANGE.
After call on the Washington Stock
Exchange today some activity was
shown in Washington Virginia pre-
ferred when % shares sold at I.
Five shares of Mergenthaler sold
at 123M while thirty shares of Wash
ington Gas sold at Al.
NEW BANK BUILDING.
Work IL progresspg on the new
building of the Standard Savings
Bank at 033-35 9th street and when
completed the house promises to be
one of the most convenient banking
houses of the city. ID. $. Nenables,
cashier said today that it Is ex-
pected that the building will be COM
pleted in the early fall.
BALTIMORE GRAIN MARKET.