The Washington herald., 1921-09-21
A. lib. OFFICIALS
MEET TONIGHT TO
CONCLUDE PLANS
Pres. Waller Announces
First Gathering Will
Be October 25.
OTHER LOCAL NOTES
ID. c. Issues Are Featureless.
Important Banking Topics
To Be Discussed.
OTHER LOCAL NOTES


the Washington Chapter American
Institute Of Banking for the sea-
son fszt-is9, will be taken to-
night When the educational commit
tee gathers At the Liberty National
Bank at the call of Chairman
Cnaries d. Boyer, to discuss last
minute Arrangements.
The program for the coming sea-
SON has been completed and will 90
70 press within the next two or
tnree days The elementary course
Is practically unchanged from last
year, but the advanced course has
oeen extended to cover two years
instead Of one as heretofore. Com
mercial ! and banking law will
comprise the first years training,
while commercial law and nego-
liable instruments will be taken up
during the first year of the ad-
Venced course Standard banking
ana political economy will complete
the course.
The changes as above outlined
p were effected by the New York
headquarters of the American In
stitute OF Banking, who held the
opinion the advanced course en-
oraced too many subjects to COM
pletely cover in one year.
omcials of the local chapter are
most optimistic over the coming
year. The prospects look mighty
good. they say, and many of the
Washington banks are endeavoring
TO have a 100 per cent representa-
ton.
The first meeting of the chapter
viii be held on October rs, President
Waller announced yesterday; and
VIII be open for a discussion of
general Institute affairs.
- Local Securities.
Another featureless day was wit
Messed on the Washington Stock
Exchange yesterday. Favored issues
In the bond list continued to at
tract the most attention, while SELL
ing In stocks was well variegated
and consisted in the main Of odd lot
transactions.
In the bond list, $4,000 Capital
Traction Capital IS sold at S7h
5000 Washington Railway general
IS sold at IS and a $500 Potomac
Electric debenture per cent bond
changed hands at s5K.
Fifty shares of Capital Traction
were traded IN at Sc, and 10 shares
of National Bank of Washington
stock were recorded at $50. Ameri-
can Security and Trust Company
stock was sold at go. six shares
finding their way into the sales COL
umn- rSpal lots of the typesetter
stocks also changed hands.
A further breach occurred in the
call money market, traders bidding
5h per cent for 7 per cent funds.
Personal.
Maurice otterback, president of
Anacostfa Bank is enjoying the day
fishing, at Benedict.
A. b. A. Notes.
OF the many topics of interest to
the general public which will be
discussed at the convention of the
American Bankers Association, to
be held in Los Angeles, October to
7, there are three which are of the
greatest Importance to every busi-
ness man in the country. First,
there will be a most Illuminating
discussion of the effects of the
greatly deprecated currency of for
eign nations upon the business and
manufacturing interests of the
country 1t is now fully realized
that the falling off in foreign trade
has had to do with the failure of
the country TO return to a more
prosperous condition. There will be
presented to the convention the
ideas of men of international re-
nown as to what can best be done
70 improve the internal monetary
condition in those countries which
at present cannot buy our commodi-
ties irving to the fact that the rates
~ eS-zAange are almost runious.
Second. remedies will be pre-
sented to curtail the growing habit
OF private boarding of currency In
our own country. It Is alarming
nov much actual cash Is being hid
aen ab1ut the house by many in the
,rral ISsmmunities instead of put
tInp this currency into circulation
,hrough depositing it in banks
.rbird a most interesting discussion
lii take place relative to the, eco
nautes which are being put into
effect here looking toward a lower
Inr of governmental expenses. This
subject is of transcending import
anca to the ordinSry citizen as Its
proper solution means a radical re-
auction In taxation. From all ac-
oounts the convention of the Ameri-
can BANKERS Association will mark
- anoch in financial history.