The Washington herald., 1922-05-25
DEXTER APPOINTS
COMMITTEE HEADS
FOR COMING YEAR
Discuss Plans for 1929
AtMeeting of Governors
And New Officers.

The drst meeting OF the new
board of governors and new oficers
Of aha local chapter. American In
stitpte OF Banking. for the year
1sss-7s was held in the District
banksrs' home In the Masonic Tenn
pie hast night incidentally, this
marked the formal opening of the
local bankers elaborate new quar-
ters--. Work for the coming year
was outlined in detail and discussed
By President-elect W. A. Dexter.
which was followed by appoint
msnts of chairmen of the various
committees for the ensuing year.
Charles D. Boyer, by reason of
his able handling of the position
during the past year. was named to
head the educational committee for
the coming year. The committee
on ways and means. the purpose of
which Is to provide funds for the
maintenance Of the institute, will be
headsd by W. J. waller, while Ed
ward J. McQuade was named chair
man of the house committee.
James A Soper. Lincoln national
Bank, was named chairman of the
audit committee, while recruits to
the institute will be taken care of
by p. NJ. Garnett, of Riggs, who
was made chairman Of the mem
bership committee. T. Hunton
Leith. OF the Security Savings ana
Commercial Bank. was assigned the
duty of keeping the institute and
q NNVr r~ff Ia hAf L.
heading the press committee
Francis G. Addison. who con-
Quoted torum meetings with re-
markable SUCCESS last year, win
again head this committee, while
Mrs. Helena B. Reed, who unre-
servedly ualified as an important
cog in the institute machine last
year. will be given an opportunity
to still further stir Up Feminine in
terest in the institute as head Of the
women's committee.
Following the above appointments.
which were made by Mr.. Dexter,
delegates to the annual convention
at Portland held a meeting Tor the
purpose of outlining action to be
taken.
Chevy Chase Bank.
The Chevy Chase Savings Bank
is distributing letters to fellow reE.
dents of that thriving suburb, call
ing attention to the following rea-
sons why the healthy young bank
ing institution should be supported.
Fully equipped up-to date bank
ing house.
Acceptance of accounts. small or
large. both checking and savings.
paying } per cent interest On the
l tier.
Sound advice as to investments.
Acceptance Of payment for gas.
6l't>tric light and Maryland water
B.Fs.
sale OF New York drafts, Amer
Jean Bankers Association travel
ing checks and American Express
Company checks IL any amount.
Convenient banking hours.
Metal book banks for home use.
steel Industry.
Mid-week reviews of the steel in
dustry Indicate that. everything
considered, the demand for stee;
products Is holding up well. The
furry of protective buying occa-
stoned by the coal strike appears
to be subsiding. but orders for fu-
ture deliveries are still being placed
on. account of greater confidence.
both in the probable volume of
business activity and the future.
level of prices Production of coal
and coke in the Connellsville dis
trict is better and the Steel Cor
pOration has been able to increase
Its rate of operation to 75 per cent
OF capacity. Coal prices have. in
cidentally. fallen from so cents to
81 q ton on the basis of the confer
ence on the soft coal situation. to
be held here on May 81.
IrCn Age reports that the steel
trade has entertained no great hope
of reductions in freight rates
sufficient to make a ma rket change
in costs for 1922" which view will
possibly hold with reference to the
reductions ordered by the Interstate
Commerce Commission yesterday
In any event. the savings effected
on account of the lower rates will
find an offse. in higher fuel and
labor costs. particularly il the
shorter working day is introduced.