The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1922-04-28
FIN ANCIAL
BANK QUARTERS
PROBLEM TO Be !.
COMPLETED TODAY
Council of Administra.
ton Plans to Clean
Up Situation.

The council Of administration of
the District Of Columbia Bankers
Association will meet in the ONCE
Of President John B. Larner this
afternoon for the purpose of clear
ing up in the least possible time
the question Of providing suitable
quarters for the association and
/ the local chapter. American Insti-
tute of Banking.
At the meeting held last Tues
day afternoon the entire problem
was referred to this body by the as
ISOLATION proper with Instructions
to proceed in the way they best
saw ut. Consequently the associa-
ton and the institute is assured Of
adequate quarters for a year. at
least. However, when this ar
rangement has been given a years
trial 1t is a safe bet. according to
the majority. that it will be re-
tained, even at much greater cost
IL. necessary.
While II is assured the council
win arrange for every needed ia
cility to properly carry on activt-
ties, 1t is believed they will not
provide for an assistant secretary
at this time. 1t is the wish Of the
association to have a capable rep
resentative always on the field. but
such a man would require more
financial inducements than the Dis
trict Bankers Association is pre-
pared to disburse at this time.
other Peoples Views.
In the current issue of The
Northwest" the following appears.
presumably from the typewriter of
Francis N. Savage:
Perhaps there is no city of like
re in the whole country where
anking difficulties are as few as
Washington and where money
ay be loaned with fewer losses.
hich is due largely to the stability
real estate and that II is not
numerical city.
with proper organization among
bankers and with a clearing house
"-aminer. the city could no doubt
Establish a record for small losses.
because Of banking being so easy
here. and all the banks having
h"en under the supervision of the
Comptroller Of the Currency there
has not been. nor should there be
in the future. any loss to depositors.
Two pending bill in Congress (now
q Iawl ahould forbid the establish
rrept Of any branches of banks as
well as new banks where not re-
quired.
TT is quite as easy to demoralize
, place with branch banks not
r"eded as with community banks
,Eot needed. and the branches of
l1rre banks without local or COM
1nunitv identity may prove harm
kuI. especially In gathering up de-
r"sits and taking funds to the
> syer centers and in neglectinc to
bake proper care Of the small bor-
r3wer. Certainly and beyond nues-
tinr there is no need of additional
- mixing capital in any part Of
rashin -ton. hence no need Of more
"a INKS in the future except for con-
Senicnce."
A. 7. n. Activities.
Washington chapter. American
|Irstitute Of Banking. will shortly
graduate the largest class in the
history If the institute.
On last Tuesday night fifty-nine
elementary candidates for promo
ton took the examination. this
number comparing very favorably
with thirty-two last year.
On last Thursday night forty-four
advanced candidates for graduation
took the examination in contrast
with twenty-one advanced class
candidates last year. This class
will complete its final examination
newt Thursday night. the subject
being Negotiable Instruments"
Election Of delegates to the an
uual convention and nomination Of
candidates for ONCE and board of
Governors for the ensuing year was