The Washington herald., 1921-06-23
DISTRICT BANKERS
OPPOSE !: COINAGE
:: OF new PIECES
Body Not in Favor of 2
and 2lz Cent Propo-
sitiOn.
NAME COMMITTEES
Erection of Home in Washing
40 ton Meets With Favor
---~ able Action.

trict of Columbia Bankers Associa-
tfon- hold yesterday afternoon in the
rooms of the Washington Stock Ex-
change, the association unanimously
went on record as opposing any
Congressional action which would
legislate the coinage of a 2-cent and
a9h cent piece. This action. 1t
was pointed out, would involve the
expenditure of thousands and thou
sands of dollars by bankers through
out the United States in creating
new counting devices. etc, etc. Lo-
cal bankers, generally, are of the
opinion that the demand for like
coins does not justify this action
at-this time.
A clearing house examiner for
Washington banks came up for dis
cussIon and it was unanimously de-
eided that Joshua Evans. jr.. vice
president of Riggs National Bank,
should head a committee of FIVE
to confer with a { lilar commit
tee named by the Washington Clear
ing House Association for the pur-
pose of going to the depths Of the
matter and to make any suggestions
they may see Mt.
1t was not decided under whose
supervision the examiner would
come, viz, the Bankers Association
or"the Clearing House.
Erection of Home.
The question of the erection Cf
suitable building in WashingIn
for the local Bankers Association
and allied organizations came up
for discussion. and resulted in a
unanimous motion leading to the
appointment of committee by
President Larner to take I'D this
project and submit n report to the
body accordingly. The committee
was not appointed at that time.
On motion of George o. wilson,
1t was moved and carried that the
president of Washington chapter,
american Institute Of Banking, ba
empowered to request written es-
says from local l. king students
on any banking subject, and not
exceeding 5000 words, same 10 h.
submitted to judges. ami authors of
the best three to be sent to the
annual convention Of the zeal as
sociation, at the expense Of the bank
represented, where the winning es-
says will be read. these articles
supplanting, in a way, the USUAL
symposium.
Inls motion was unanimusly Ar
cepted and taken on fifteen davs,
recommendation as provided in the
associations bylaws,
Ihe bylaws of the association
also were amended so as to mag,
the secretary. treasurer and the
American Bankers Association rem
resentattve Of the local association
members of the executive council
of the body.
During the course cf tho nee,
ing letter received from tho No
tion Picture Theater Owners Of
Amsrica was read nA-.ai.inp To
washington as the ST. for their
annual convention in 1922 Afte-
much consideration. it was decided
70 have Secretary Deyber extend
tnem a welcoming letter on behalf
OF the association.
In addition to the business nm.
hned above, the following conon,it
tees were named by President L.
ner: Lar
audit Committee-C. c. Lambo-r
chairman who will appoint his CON-
Law and Legislative Committee
d n Mckee, chairman; Wade II
Sooper. b. A. Bowles, Cha
PeIl, n: L. Ofutt, jr., W. d. Hoover
e J. Stellwagen.
committee on Review of the An
huaf convention ProceedinFs-How-
ara Moran. chairman: E. p. Wilson
N ID. Rosenberg, F. G. Addison. ir
am X deLashmutt W. W.
opsid' Joshua Evans. c. n. Bower
committee on Public Education
assrry V. Haynes. chairman, who
VIII appoint committee.
Committee on Trade Accsn+ar
George L. Starkey. Georro n va I11cI
SON Julius I. Peyser, Erskina Co.
don, r. V. Fleming.
Blue Sky Law Committee-Eugsra
z. Thompson. chairman: n n NJ
kee' Robert A Cissell, W. T Gait
her. Victor B. Deyber.
Committee on Uniform Acco,n,
ing System, Methods and Forms
John Poole, chairman: Howard Mo-
ram Frank G. Addison. jr., H 7,
Ohurt, jr.. r. V. Fleming.
Committee on School Savings
Howard Moran. chairman: George
o. watson. John Riordan. Charles
A. Mccarthy, f. P. Wilson, H. I.
Ofutt, jr.
Committee to Consider Recon-
mendations Of Francis Coates. jr-
r. n. Harper, who will appoint COM
nittee.
Committee on Ways and Means
George W White, who will appoint
committee.
Committee on Commercial Activi-
tiss--Joshua Evans, jr., who will
appoint committee
Committee on Foreign Trade
Financing Corporation-H II. Nc
Ree-wh will appoint his commit
to-
p. Q. Securities.
Trading in District of Columbia
securities continued on an even
narrower range yesterday. favored
public utility shares and Lanston
Monotype being the only issues to
record activity.
Capital Traction stock was traded
in in odd lots, an aggregate of
forty-three shares changing hands
in the opening sales. The price
held firm at Sc. Twenty-Five shares
of Washington Railway and Elec-
trio preferred stock followed at so.
In the concluding sale of the day,
after call. twenty shares of Lans-
ton was disposed of at 1874 and 73
Capital Traction 5 per cent bonds
were sold to the extent of $4,000
at s714, and $4,000 Potomac Elec-
trio Power general mortgage SIS
changed ownership at 941k.
Local banks continue to II z