Evening star., 1921-12-02
BANKER DELEGATES
|. TO Be ENTERTAINED.
D. c. Association Planning
for Meet Of National Corn Z
..at g -t- -
mittee Of Financiers.

:, With representatives from many OF
the local banking institutions In at
tendance. tentative plans for the en-
tertainment of the administrative
committee Of the American Bankers
Association. which will meet here De-
cember IL to IL, were. discussed by
the District Of Columbia Bankers AS
sociation at the Cosmos Club last
night
December 13 was selected as the
date for the reception to be rendered
the visitors by the local organization.
George o. Watson, president of the
Liberty National Bank and member
Of the executive council of the Amerf-
can Bankers Association, will head
the reception committee. and addition
al members of the committee Will be
appointed today by Victor B. Deyber.
F. ]. Addison, tr.. and John b. Larner.
president of the District association:
Annual Dues Increased.
An amendment to the bylaws OF
the association Increasing the annual
dues OF member banks from $50 to
$50 was unanimously adopted. Banks
having branch banks. according to
the amendment adopted. will pay SIC
for each branch Institution. An
amendment to the constitution in
creasing the personnel Of the council
of administration also was adopted.
This body now includes the president.
two vice presidents. secretary and
treasurer OF the association and the
District member Of the executive
council Of the American Bankers
Association as ex-officio members. in
addition to four other members.
Urgent necessity for larger quar-
ters to house its membership WAS
voiced by Mr.. Larner in behalf Of the
ff
institute of Banking. He said the
building committee Of the association
would consider procuring another
building II construction at this time
was not deemed feasible.
Chapter Quarters Inaaequate.
Speaking for his organization. w. j.
Waller. president of the chapter. said
street were entirely inadequate and
unsuitable. the chapter membership
having Increased by 200 in the past
year, bringing It's total to 1.025 MEM
bers. The classes are so crowded."
said Mr.. Waller. that many students
lectures. The poorly ventilated room
and the undesirable location OF the
quarters also interfere with the prog
ress of the work
Referring to the unreasonable In
crease in surety bonding premiums
y.
president Of the American Security
and Trust Company. asked that the
council of administration bring the
matter to the attention of the Ameri-
can Bankers Association. 'The pre-
miums." said Mr.. Bell. have been
marked up to meet heavy losses sus-
tanned elsewhere. In the case of one
of our local banks the premium has
been increased recently from $1,000
to $1,000
In this Connection. Mr.. Larner sus-
gested mutual insurance might be a
way to circumvent such eXorbitant
rates. He said this system had been
found successful among merchants.
Early passage by Congress of a bad.
check law for the District was pre-
dicted by IL H. Mckee, chairman of
the legislative committee, while Eu-
gene l.. Thompson reported that indi-
cations pointed to an early passage
also OF a blue sky Law.
Chairman Harry V. Haynes Of the
committee on education explained that
the committee had been working out a
program for the public schools, whereby
IT was hoped to reach the public through
the children who could obtain a knowl-
edge Of the principles of banking
The lectures. according to Mr.. Haynes,