The Washington times., 1920-08-07
HAWES PLEASED
WITH A. B. A. PLANS
Voices Appreciation in Letter to
Chairman Harper-0ther
Notes.
BIZ WILLIAM N. CONRAD.

President X. s. Hawes OF the Amer
liean Bankers Association today
voiced his appreciation Of the work
being accompli shed by Oh. irman Rob
ert N. Harper OF the local orgahizs-
tion. arranging for the big conven-
ton here from October is to n, In q
letter received from him at st. Louis.
Announcement Is also made that the
headquarters hotels for the conven-
tion will be as follows: New willard.
, ex-presidents and officials of the A.
b. A, members of the executive coun-
ell. and the State secretaries section; F.;
Hotel Washington. National Bank.
Trust Company and Clearing House
sections: Hotel Raleigh, State Bank
and Savings Bank sections.
The secretaries section Of the con-
vention will be in the Fairfax room
of the New willard, which is located
Immediately opposite the general res
istrstion headquarters.
According to notice from President
Hawes. the program, which Is virtu-
ally decided upon, has been compiled.
minus all efforts to corral "nationai
cards." the one big idea being TO de-
vote the attention of the nations
bankers to the country's problems on
which they can exert an influence TOT
betterment.
NO PLATFORM AHIISIS.
Platform artists are taboo. the ses-
sions being given over to leaders OF
thought on the questions to be tao
kled as the conventions program for
. accomplishment. Long speeches Will
be stop-ciocked, the longest scheduled
being forty-five minutes, the average
thirty minutes. The presidents ad-
dress will be delivered in nfteen min
. utes. and the same time is allotted 10
each report.
"It looks like the bankers were go
ing to get down to brass tacks In the
October meeting" said General Sec
retary Guy K. Bowerman. ''and tacki"
the real problems of finance. From
the program. banking problems both
large and small have been included
a. the bulfs-eye Of the convention.
and why not? This Is to be bank
ers' convention, and the people are
looking to us to give every possible
attention to banking problems that
are affecting the general welfare
PRESS COMMITTEES NAMED.
The convention press committee has
been named as follows: H. H. Nc
Kee. National Capital Bank. chairman:
Harry G. Meem, Washington Loan &
Trust Company. vice chairman;
George L. Starkey, National Bank Of
Washington; George E. Fleming,
Union Trust Company; Wade H. Coop
er, Union Savings Bank; Lewis M.
Thayer, Citizens Savings Bank; I. A.
Fleming, the Evening Star; William
M. Conrad. The Washington Times;
Yelverton E. Booker, jr., the Wash
ington Post and c. P. Schaeffer, the
Washington Herald.
INVESTMENT BANKERS COMMENT.
Prominent investment bankers say
that they do not contemplate that
there would be any huge volume Of
new railroad security issues floated
as a result Of the favorable rate de-
cision handed down by the Interstate
Commerce Commission. They say
that most of the transportation COM
panies which have good credit, that
is, a good market for their securi-
ties, did their most urgent financing
prior to the rendering of the rate
decision. The second class roads with
poor credit are now facing the prob
lem of securing their financial re-
quirements. The latter properties are
expected to obtain most Of their needs
from the revolving fund of $500, ,000.-
900 provided under the transporta-
tion act.
One hundred and six railroads Of
the United States, they point out, have
plans for the expenditure of nearly
one billion dollars during the current
year, according to official statements
received by the Interstate Commerce
Commission when 1t recently asked
the transportation companies for a