Evening star., 1922-06-13

! xE, II lIa4
HARRY v. HAYNES.
| Joshua Evans. II. was elected presi'
dent.
o-her offi ers elected were: Harr,
Haynes. ars- vice PRESIDENT; Ficto!
B. Deyher. second vice president; F
| .. Addison. Il. secretarl, and A.
| GatIess, treasurer; Howard Moran
| Eugene Z. Thompson. Ernest y. Her
rell, W. J. Waller, memf ers OF iaE
| council 81 cdrlln.stration.
| ADDRESS by President Evans.
The Induction of officers followed
Joshua Evans. jr.. addr essed the cen
TeatiCn az follows:
"Mr Chairman and Gentlemen:
when a man whu entered the rank
| o. your pro tesaioa s Country boy
recs living. s. IL seemed to aim, an ac'
! a runner in one OF Washilgto1's
banks, TeceireS in the due course OF
! the years at tns hands Of his GOO
friends ard fellow. bankers this. tn
highest OH ,a'thin tEe gift & the
Dis ricC If Colunbil TiaTi.r&' $50.
ciation, ne 70. ocly is ,ceeply a q pi o
| founGly gra tcf i to yo;. Tor tbs t-ib-
ute of ycur fairh AID belize n am
but very m ndt'I a We'll of me re
spcnsiDi.ttie in lv"d. Iappiness il
-
with no liz. r-ide ia tlat I taks
over tho rei17 from = man If Mr.
I.aTl.r s-eat natural sits and
splendid attain nerts. a much beloved
citizen and a leader of SURPRISING
ability in an chosen field of e.
since tie Inauguration Of i'-e con-
veatior i6ee ch successive adm'nis-
tration h.s seer. ore Of ttist:-ct &C
compl s. met, yet the doc OF o7por.
is still lpea. There is plant" g wcrk
ah5a3. Norld war conditions loft
UasrinCtor ba.kers ami Dlsirt s.
! men. as wei as tf ose OF ot:t,T sec
tio73 OF tie co oi.--ry, with their prob
! lens to solve, g. nd Thile the upturI
has apparently reen reached in ma y
Lines. the per!cd j OF Adjustment !s no
| yet behind US.
Unusual Conditions Cited.
"Ycu v.ll recall that some time be
fore tap arm st.,e tie oer1 and FOL
practically AL goods and conmc6:. ies
Seemed insntiab $50 much 50 thai
t!on virtually became "xt!l.ct. Co1se-
QJenLly the selling Irire o! al artic-:
was the asking Price, aat tr!5 rr.cE
VS. suftici eEtlg high ID e-m!t OF a
! least Gone profit. even TO the mos
| Inefficient proCrcer an dist.i"uto..
'Slch a Condition --at lrally attract
ed to almost eve1y liI.e os business
activity inerpel fenced mon who Il
n ormal tines would have tremblcd a.
the tho:ght o. takiEE' such step
Ard Il IS ro- surprising that tlt
E-aat ship Of commHTc3 and indIs--y
called FIR aw.y from Ter rlocr.-g &
which mad neen Sc firmly established
by L recognition Of, ami al adherence
| to. funla r.ental business Principles.
'As result .oE the necessities OF
h q n al Z,
l.q didatinG asse as bass fer com
mercial credit was cast aside IL the
acceptance Of liberty ooa0s az SIC.
a basis.
greater Washington. Surrey you,
naIon's car:tal has taken Ter plac;
IN the sun. A large share Of The re-
sponsit ility ftr the maintenance o.
this position eStS upon t1e Jankers
The unprecedented build ng. opera
indicate development. me like o.
which cur city has naver tefcre az
pe-iencad. Let Us concern ourselve:
in .nis development to the erd. tha'
I will not Jake the form OF :
boom which allows the evils of in.
efcieaoy and speoula tton . cree.
.r-but rather nat 1t vii 60 on il
an orderly way tha- makes for sta
b.li-y OF values and terds to insure
against the undue losses and hard.
snips which so often be+aE those who
can leas. ford. to bear them. lie
US feel, tc 1'ever, the -esI onsib;l y
of 1akrg Gva;lab-e for all leg.ti.
mate nee.s of our community sufF.
ciert credit at reasonable -ates. bu
-Shsr tie specuiatcr o. advocate o.
;.rsounG busirss policies who want'
y orey It any price IS refused let u:
not he afraid TO tell the void the
reasc1 ryhy.
Outlines Credit Policy.
During my administration I shall
advocate the adoption of plan fol
the exchange of credit infor n.atio1
among mem5ers and the educat ton o
borrowers rs to the des rabiIty o.
furnishing tkier banks at least onct
a yae- with c. nplete financial state
merits.
Since the monthly statement /:
coming into general use, there is ex
csilert opportunity for to.nt actor
in the distribution of literature &c.
| OF a bank accc ant, and tie service
thu hank renders to the community
! Sch ac1ion, in ny rninG, would tenf
toward the creation Of q better con-
mon understanding between bank:
ana the public.
Il favor special attention to til;
work of the protective comm ttee
ald believe lie trade activities com
1riltee which .has just begun to func
! tior shorld co 1tinue rs work in III:
autono tive fie.d and so into other:
as well. Much good to the members
as we'll as 20 their customers, car
com. from vigorous action by TIL:
CO cnmittee.
The committee on forms ant
| meth DDS has fertile field open to i
and it's work will have every en-
| .ourageT feel furthe- that til:
council of administration should CO
operate With tie sIan6ins and sle
| cal committees with e. view 20 hs.v
| ing for eacl meeting Of the associa
ton a program that would call 70,
| action. Otherwise, frequent meet
! tngs Of tbs association. could hardly
pe justified.
"ro this rol;cy as briefly outlined
| shall give my best, end 1 trust j
will not be unworthy.''
Other officers elect took the plat
form and prom sed every co-ope-a
ton for tie good OF the Banking
business.
The general verdict Yves that ths
convention was a great success.
TWO REAPPQiNTED.