Evening star., 1921-06-15
BANKERSARE BACK
I FROM CONVENTION
Third Annual Gathering the
, Most Successful From
4 Every, Standpoint.
BY I. A. FLEMING.

Washington this morning. Their special
train entered the Union station forty
minutes ahead of time.
While every one was enthusiastic oves
the success Of the convention, the enter
tainnnent offered, the sports into which
they entered. the prizes given and the
manner in which the various commit
mighty glad to be back in their own
/: home town.
Some of the bankers were not In al
good physical condition as when they
Robert N. Harper forgot the burden Of his
years, and, having an idea that he could
still play that old second bag. injured
his initiating" finger. SO that he is not
liable to ok" many notes today; Tom
Grant, at third. proved that as Cham
Der of Commerce secretary he was .
great success.
Julius I. Peyser. playing second for
the other team, busted two fingers.
catching or hitting the ball.
VIII W. Spaid. Billy Hibbs' right
hand man. had most of his fingers wrap
PED In bandages last night and decided
TO spend the rest of the week at White
son bravely donned his regalia and
scored the game-some operation, since
hit was home run nine times out of
ten.
Assistant Cashier Ecklof of the Ne
tropolitan force rounded third for a
homer and slipped midway to the plate
and slid over it.
He bunged up both knees badly and
Maurice Otterback of Anacostia
Bank demonstrated the art of how
not to play ball and came Off whole,
only to have close call a little later
while autoing with Mrs Ctterback, J.
c. Weldon. George M. Barker ana J.
: B. Henderson.
Rounding a turn on the mountai
road their chauffeur drove too close
in to the side of the road. and another
car coming from the opposite direc-
tion, the driver holding to his right
of way. smashed into the Otterback
car. with serious damage to both ma
chimes Fortunately it was a head-on
collision and not side swipe or one
OF the cars might have been dropped
: hurt :.
The base ball game was a complete
success, thanks to P. A. Drury, who
did not participate and was not on the
grounds during the game.
Three busy sessions of the assocfa-
tion were well attended
The golf links were crowded from
morning to night. tennis attracted a
number. big card game for the Ia
dies and two putting contests over an
indoor nine-hole course furnished am
pie amusement. George O'Connor
rounded out the big family dinner
with number of songs. Mrs. George
o. Watson taking Matt Horns place.
Everybody was satisfied with every-
thing and ]. Floyd Cissel stayed over
until today to see that all bills were
properly adjusted.
1t was a great convention: a great
President Larners Plans.
John B. Larner. the newly elected
president Of the District Bankers AS
sociation. on being inducted into Of
fee. outlined some of the things that
he contemplated undertaking during
his term.
He has long considered as essential
the erection of a home for the Dis
trict Bankers Association, and hopes
10 get 1t under way during the next year
; The proposed new structure will, If
erected. be in some available central
location. and will offer housing ia
, cilitfes to the District Bankers' As
sociation, the Washington Clearing
House Association and the Washing
ton Chapter of the American Insti-
tute OF Banking, all these organiza-
tions being now homeless or housed
in rented quarters. -
Mr.. Larner suggests that 4 hnan.
cial library and reading room shall
be established and facilities arranged
SO that all meetings Of the various
may be held in the proposed new
building.
That he means business is ev,-
denced from the fact that he will to-
day issue call for the executive
council of the association. which in
cludes all officers. to meet with him
on Saturday of this week at lunch
con. where they will be his guests,
to be given at the Cosmos Club.
In his address Mr.. Larner urged
upon the bankers that they do their
times. that they let the people Of
Washington see that they are broad
minded and not narrow; that they
was cheered to the echo.
Credit Lessons OF l92O-z1.
At the annual convention of the
National Association of Credit Men
held in San Francisco yesterday, A.
F. Maxwell, second vice president OF
the National Bank of Commerce made
some pertinent remarks on the sub
ect of Credit Lessons of 192G-21.
After referring to the unexpected
happenings of 1920. Mr. Maxwell said:
"A credit risk. in the last analysis.
is not based merely on the apparent
current condition of a concern as
shown in the balance sheet. or even
on its balance sheet plus a full knowl-
edge of the concerns contingent lia-
bilitieS. And while a going business
responding purchases to avoid the
danger of speculation. we realize
more fully that to these factors must
be added full consideration Of all
possible changes that may occur in
assets in respect to the commodity
values represented there and also in
respect to the concerns orders on
Its books, the stypding and respon-
eibility of its customers and the re-
lated contingencies involved in its
own commitments.
Credit science. il it is to perform
business stability. must be farsigfited
and guard against the future, There
fore, the full formula of statistical
credit judgment must be: Balance
sheet. plus contingent liabilities, plus
contingent assets, plus commitments
the completion of this formula Is the
outstanding characteristic Of the
1920-21 business crisis"
Regular Dividend.
Directors o; the Union Trust Con-
p&ny have declared the usual auar-
ferty dividend of 11a per cent nav
able July Is. Books will remain
closed from July to Is, inclusive. 90.
Local Securities.
Washington Gas was arm on the
Hrst sale, % shares at AX but after
call smaller lots sold At Az. Fire
mems Insurance sold at 20. -
Railway preferred steady at 81.
In the bond section. Washington
Gas Is sold at, at 1o2A and Railway gem
ersa Can d money. IN " 81 81 to 7 per cent
BIG BILLS FACE U. S.