Evening star. [volume] (Washington, D.C.) 1854-1972, 1920-11-11
POTOMAC SAVINGS
FIGHTS new HOURS
Directors of Bank in George.
town Oppose Action of
Clearing House.

The directors of the Potomac Saw
ings Bank of Georgetown went OF
record yesterday afternoon as opposes
to the recent action of the Clearing ,
House Association of the District q
Columbia in voting a change in the
banking hours of all local banks.
A resolution declining to approve
the changes met with the unanimou,
approval of the board. and authority
was voted the executive committee o;
the bank to use the banks resource:
TO defray whatever expense might be
necessary TO carry on the institution.
hight against the proposed changes.
1T was voted also to send a copy o.
the resolution to every savings bank
and trust company in the District
The resolution recites that:
There has been presented to the
Potomac Savings Bank of George.
town. ID. c.. a resolution heretofore
passed by the Clearing House Asso.
citation of the District of Columbia
limiting the hours of banking ano
otherwise changing the rules hereto.
fore governing the clearing house"
1t continues:
1T is considered by the directors of
the said bank that the said changes
would seriously injure the business of
the said bank" and that the direct
crs of this bank refuse, on behalf of
he bank. to carry out the provisions
or the said resolution. And that the
hours heretofore in effect in the said
bank be maintained to wit: Nine a m.
to pm. daily and until $50 on cow
eminent pay days and on Saturdays.
am TO IL noon. again opening at
pm and closing at pm
The resolution asks that tho
tional Metropolitan Bank. the clear
ing member of the Potomac Bank
represent it and present to the clear,
| ing house the savings banks view upon
the resolution.
A. F. of l.. to Discuss Steel.
The presidents of twenty four inter-
national unions involved in the last
steel strike will r.ee. E-re tomorrow
at the call of Samuel Gompers. presiS
dent of the American Federation of
Labor
The executive council of the fedora
! ton went into session today. The
twenty-four international presidents
will meet to discuss the steel situa-
ton and according to labor officials.
no new campaign TO organize the
steel industry will be started until
| next spring.
France shows Adverse Trade Balance.
According to a cablegram from Con-
sui General Thackara. at Paris. re-
! ceived today by the Department OF
Commerce. the foreign trade opera
lions of France for the first nine
| months of 1920 totaled 43,746,7 $4,000
francs. against 32,271 ,637 900 francs
for the corresponding period Of 1919.
first nine months of 1920 is stated at
| 10.631 100000 francs. as against H.
S6S,203.000 francs for the like period
of last year.
Edward J. McQuade. cashier of the
Liberty National Bank. and member
of the executive council of the Ameri-
can Institute of Banking. will adj
dress the Danville. Va. hapter of the
organization on Saturday night. Mr..
, McQuade will speak on The Need of
Trained Men in the Banking Profess
sion"
Charles w. Warden. vice president
of the Continental Trust Company. is
attending meeting of the Presbytery
at WayneSburg. Va
F. G. Heron. assistant treasurer of
the Union Trust Company. is away on
a short vacation.
Local Securities.
Washington Railway and Electric
preferred again featured the activities
on the local stock exchange TODAY.
One hundred and thirty shares of this
stocks We're disposed at prices ranging
from 561s to 56Z. and were sold in
three ten-share and four twenty
share lots.
Three lots of Capital Traction. total
ing thirty-five shares. brought S512,
while thirty-seven shares of Washing
ton Gas Light sold at prices ranging
from 42ls to 43, twenty-five shares going
at the first-named price.
After call six more shares OF Capital
Traction were sold at S51a, divided into
three-share lots. and fifteen shares of
Washington Gas brought 42A.
Transactions on the bond market
were light. one 81 900 5 per cent Chesa-
peake and Potomac Telephone sold at
SO, and one $1,000 Potomac Electric de-
benture 6s brought 81.