The Washington herald., 1920-11-11
POTOMACBANK
J 'LEADSATTACK
Savhss DRsefsrs Frame Rssslu6su
Refusing 10 cs.pb With Pro-
posed New Regulations.
BNANIMous VOTE IS TAKEN
Exeentive Committee Alss Aathsr'
ized 10 Use Banks Resssrees
To cany On Fsht.

Another proof that the savings
banks In this city mean to fight
the Clearing Houses recent action
20 the bitter end to uphold what
they term as their .'just rights" Is
evidenced by the latest action grow
Ing out OF a meeting of the board
OF directors Of the Potomac Savings
Bank of Georgetown. held at the
bank yesterday morning.
/. a resolution declining the changes
IN the banking hours for the Dis
trict as laid down by the Clearing
House Association was drawn up
and met with unanimous approval.
Not one dissenting voice was heard.
either during the preliminary dis
cussion or in the final vote.
Authority was also voted the ex-
ecutive committee of the Potomac
Savings Bank to use the banks re-
sources. II ID be necessary, to carry
on the institutions fight.
Following is the copy of resoiu-
ton which has been sent to every
| trust company and savings bank in
fhe city:
-f-Whereas there has been pre-
sented TO the Potomac Savings Bank
Of Georgetown, District of Colum-
bit. a resolution heretofore passed
BY the Clearing House Association
OF the District of Columbia, limiting
the eshours of banking and otherwise
changing the. rules heretofore gov
erning the Clearing House.
..And whereas 1t is considered by
che. directors OF the said bank that
the said changes would seriously
injure the business of the said bank.
~ Now. therefore, be II resolved
that the directors of this bank re-
fuse. on behalf of the bank, to carry
out the provisions of the said res
olution. And that the hours here
fofore in effect in the said bank be
maintained. to wit: 500 a. m. to
400 D. m. daily and until $40 on
government pay days, and on Satur-
days 500 a. m. to 1900 noon, again
opening at 400 D. m. and closing at
scoop. m.
-"Resolved, further. That a copy
OF this resolution be sent to the
National Metropolitan Bank. the
clearing member of the said Poto-
mac Savings Bank, of Georgetown.
ID. c., with a request that II rep
resent US and present to the clear
ing house our view upon the reso-
luton aforesaid
Resolved, further. That the ex-
be. and IL is hereby. authorized to
use the resources of the bank to
maintain and carry out the position
herein outlined for the conduct of
lis said business.
Resolved, further. That a copy
OF this resolution be sent to each
trust company and savings bank in
the city of Washington"
= Charles W. Warden, vice presi-
dent OF the Continental Trust Com
pany. is attending a meeting of the
Tresbytery. held in waynesburg.
Virginia
II. B. Diekey. Washington attor-
ney, will again address the advanc-
ed class, American Institute of
Banking. at their weekly meeting
tonight. Mr.. Dickey will discuss
Trustees. Executors and Admins
traitors" 1ecturing in detail on ap-
Pointment. powers. duties. fiducl-
aries etc.
IF. G. Heron, assistant treasurer
Of Union Trust Company, is away
from the bank on a short vacation.
/. At the weekly meeting of the
Executive committee of the Wash
ington Railway and Electric Com
pany nothing came up for discus
sion except routine matters.
c. c. Glover. president of Riggs
National Bank. will sail for Eon-
don on November II. accompanied
by Mrs. Glover, where he will visit
his daughter.