The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1921-10-18
DISTRICT BANKERS
REPORT PROGRESS
AT USUAL MEETING
Receive Applications for
Membership, and Pass
sra Resolution.
To PETITION SOLONs
To Ask November IL Be De-
creed Legal Holiday; Act
a. To Check Forgers.
T0PETITION SOLONs

The District of Columbia Bank
ers Association held their regular
meeting in the rooms of the Wash
ington Stock Exchange yesterday
afternoon, and transacted much
business brought before the mem
bers Considerable enthusiasm was
displayed by officials Of the nineteen
banks represented.
The meeting was opened by a
reading Of the minutes dating from
February IL. 1891, to the present
time, after which association mat
ters- were brought up and acted
upon.
Upon suggestion Of Corcoran
Thorn. an amendment to the by
laws was effected advancing mem
bership dues to $50 per annum to
replace the present $50 rate. At the
same time, a committee consisting
Of Secretary Deyber and Treasurer
Galley was appointed to look into
the matter and report what they be-
lieye to be a fair assessment at
which time the voted assessment
Of $50 will be raised or lowered in
accordance with the committees re-
port. In this way the association
will be enabled to determine with
some degree OF accuracy the amount
NECESSARY for the years operations.
George c. Watson suggested that
members of the local chapter,
American Institute Of Banking. be
advised by President Waller to pre-
pare an essay on any banking
tepic. not over 5000 words in length,
the essay to be handed over to a
special committees OF the District
Bankers Association, which will
choose the three most meritorious,
authors Of the three so chosen to
accompany the association on their
yearly convention at the expense Of
their bank where the essays will
be delivered in conjunction with the
usual symposium. The resolution.
which was unanimously carried.
contains the provision that the au-
thors OF the winning essays must be
an >employe Of an institution hold
ing membership in the local asso-
citation.
Harry V. Haynes. chairman Of the
committee on public education, re-
ported that his committee has held
a meeting and formulated plans to
carry on the work. He also ad-
vised the results so far obtained
had been gratifying.
GebrEe C. Watson. in the absence
Of Chairman Moran Of the school
savings COMMITTEES, advised that he
had conferred with DR. Ballou, su-
perintendent of schools in the Dis
trict, with encouraging results.
H.. H. Mckee, chairman OF the
committee Of foreign trade fnanc-
ing, reported that his committee
has temporarily abandoned opera
lions, but activities would probably
begin upon the return OF National
Chairman McHugh, who Is abroad.
Upon suggestion Of Ezra Gould. a
resolution was passed requesting all
banks in the association to place in
the hands Of each and every bank
in the District a complete list of
authorized signatures Of clerks and
officials. This resolution, which grew
out. Of the fact that there are at
the present time many new banks
springing up. offering a greater field
for forgers, was amended to include
two copies Of authorized signatures
be sent to every institution.
Application from the Exchange
Rank and the newly organized In
transitional Echange Bank for mem
bership in the local association was
read. and passed to the council of
administration for report.
II was also resolved that the COM
mittee on law and legislation petit
ton Congress to set aside November
II as a legal holiday for this year
only
In. conclusion. Charles J. Bell moved
that the protective committee, for
meEIy an important branch of the
associations legislation, be revived,
which movement was duly seconded
President John B. Larner presided
with Victor B. Deyber filling the sec
retarial role.
Warrington Ahead.
In a circular distributed by the
publicity committee of the recent
American Bankers Association con-
vention held in Los Angeles, state
ment is made: I'VE are given to
Undsrstand that the attendance is
larger than t5at registered at any
previous conventio of this body" but
an asterisk calls attention to the
fact. that later information Is to
the effect that a Washington con-
vention was larger" Hooray for
Washington
aside from a drmness in Mergen:
thaIer Linotype, yesterdays session
on the Washington Stock Exchange
Was decidedly dull. City and Sub
Fhan S. sold to the extent of $1,000
m 10, 3 shares Of Union Trust chang
Sd hands at 11s. and 9 shares OF
Capital Traction sold at SIN.