Evening star., 1921-02-11
TRUST CO. SECTION
WILL MEETFE II
MidWinter AH-Day Session
at MISUNDERSTANDING
portant Discussions.
by L. 4. FLEMING.


will hold their second annual mid
winter conference at the Waldorf.As' As
tcria Hotel, New York city, Thurs
day. February L.
The program Will lnciuoe tWc
business sessions. morning ana art
ernoon, a luncheon. and in the even
ing the tenth annual banquet will be
given.
!. Arthur House. vice president OF
the trust company section of a. b. A.
and president of the Guardian Saw
ings and Trust Company of Cleveland
Will preside at the sessions.
Subjects for consideration have
been wisely chosen and should great
ly interest any officer or director OF
trust company.
Federal Legislation.-Several bills
of vital Importance are now before
Congress.
State Legisla6on.-Forty-fiv state
legislatures are meeting this year
and number of measures have been
presented of great Importance to
trust companies.
Publicty.-This Will include the ma
tional publicity campaign for trust
companies and other advertising and
new business service.
Relations With the Legal ProfeS-
Sion-Recent communications in re-
Spect to this subject will be carefully
considered.
Trust Company Fees-The revised
schedules will. be distributed and
views exchanged thereon.
Community Trusts.-In response to
requests. this subject will again be
presented for the purpose of affording
ample opportunity for the representa- =
tives of present foundations. or trusts.
and prospective organizers of this
work to exchange views respecting
methods and procedure Practical
questions pertaining to registrar and
transfer work, taxation and the ad-
ministration of trusts
No Addresses to BE Delivered.
1t is announced in advance that
there will be no set addresses at this
midwinter conference. 1t is the pur-
pose of the organi zation to allow the
freest discussion by all members
present
Trust companies that are not repre-
sented may make any suggestions for
discussion or PROFOUND any questions
bearing upon the subjects enumerated
Washington trust companies will be
represented at this conference by sew
'ral delegates. All reservations will
he made on request by Leroy a. Mer-
shon, deputy manager of the Ameri-
can Bankers Assoc alton, ) Nassau
street, New York.
Deduct Automobile Licenses.
Your license tax is not a big item,
trict of Columbia and Virginia are
added, the more so if you have a large
car, the exemption win save quite a
few dollars in income taxes.
1t makes no difference whether your
car or cars are used for business or
pleasure in this matter, but If used
for business. one may also deduct
upkeep in its entirety, plus gas, oil,
etc.
Local Securities.
Washington Gas notes were steady
at 100 most of the session, with a
$1,000 note selling late in the trad
ing at 1G11s and a 800 note finding
a buyer at 1917. Railway IS attract
ed some attention at 571s a57A.
Capital Traction stock reacted 4 of
a point to s44. while railway pre-
ierred was very strong at "a.
The typesetters were slow, Mergen-
thaler alone showing on the sales
sheet. the price on a few small lots
being III.
Adjourned TIL Monday.
Following the usual custom. the
3ourned at the close of business to-
day until Monday morning, in honor
of 1incoln's birthday.
All stock and grain exchanges will
stand adjourned over the holiday,
WHICH VIII b very generally OBJ
III,
George W. White, president OF the
national metropolitan Bank, has been
called TO st. Louis by the illness of
a relative.
Fifth Anniverzary.
The Merchants Bank yesterday ceIe-
brated the fifth anniversary of it's
opening as one of Washinston's fiscal
institutions. Vice President Ernes,
T. Herreil observed the event bv
sehdinC cabiegram to President
feter y. Drury, now in Panama. that
at the close Of its fifth birthday the
BANK had deposits amounting to
S1.749.057.0S
The bank opened with deposits of
1904. 9.S2 and in the past five years
has pushed steadily upward. as well
as having won the title THE Bank
with Welcome" The bank was first
located at 1414 F. street, but increas
ing business demanded more room and
new building was erected at 1413 g
street. which it now occupies.