The Washington herald., 1922-05-12
FINANCIAL
DISTRICT BANKERS
TO ASK CONGRESS
FOR REAL SYSTEM
Leaders to Urge Advance
Of Clock to Help Solve
Present Problems.

De1nlLe dCIlOn IN an cnOTh "
get real" daylight saving for the
District of Columbia will be taken
today, when leaders In District
banking matters will make a force
full appeal to Congress urging that
body to pass a formal resolution
creating daylight saving in the Dis
trict-a resolution that will include
setting the clV * an hour ahead.
This, according to leading authori-
ties, presents the only solution to
a now badly muddled situation.
There Is so much confusion In
the minds of local bankers today
that they are at a loss as to how to
proceed on Monday. the day the
alleged daylight saving is to be
ushered in
Various banks in the city require
as much as thirty days notice be-
fore q change in the bylaws per-
mitting a change in the banking
hours can be effected. while others
can be changed by order of the
boards Of directors. That the bank
ing hours should conform as nearly
as possible to hours maintained
elsewhere In the city Is not disput-
ed. but to get concerted action to
this effect Is practically Impossible
In the city's banking fraternity.
It Is pointed out that IL the banks
ara to close their doors at IL a. m.
on Saturdays, great inconvenience
will be caused in many parts Of
the city where payday falls on Sat-
urday. Contractors, builders, etc,
are now in the habit of presenting
their payroll checks a few minutes
before closing time. or IL o'clock.
This transaction, in most cases, can
not be advanced even one hour.
Another point brought out in ar
guments against the proposed early
closing. which holds water. is the
possibility that government en-
ployes, unused to earlier hours, will
sleep too late u permit Of any
banking transactions before report
ing for work.
However, IL is almost assured -he
banks OF the city will not close
their doors at 2 p. m. Lnd invite
legal proceedings, unless she day
light saving system" is a system.
made so by Congressional action.
As the situation now stands, the
VI NhCa DdhhSB ~ 10 SdlC
to say, will totally disregard the
new order of hours, while a few
no doubt will open one hour earlier.
closing at the regular time. The
purpose of the daylight saving sys-
tenn. installed mainly for the con-
venience OF government employees.
will thus, in a large measure, fail
of its purpose.
Personals.
l. z. Breuningr. PRESIDENT Of the
Citizens Saving Bank. will sail for
Europe on June 5, to tour France,
Germany. Belgium, Italy and Switz-
erland. He will be accompanied by
his wife and daughter
James Trimble, senior and junior,
have returned to town after a short
fishing expedition at Benedict. Md.
Ralph NJ. Wolfe, assistant cashier
of the Citizens Savings Bank. has
returned from a vacation spent
with his brother, Edw Wolfe, who
Is president Of the Bridgeport Ma
tional Bank. Bridgeport, Conn.
Announces Speaker.
william NJ. Williams. formerly
commissioner of internal revenue,
and now senior member of the firm
Of Williams. Myers and Quiggle,
lawyers, of this city. will address
the District of Columbia Bankers
Association convention on the sub
ject of Income Tax" a subject of
vital interest to everyone. particu-
larly bankers.
John B. Larner. president of the
local association. will, of course,
make the opening address, which
will be very comprehensive and
cover thoroughly the activities Of
the association during the past
year.
Local Securities.
Business on the Washington
Stock Exchange remained decidedly
dull during yesterdays trade. The
restrictd trade. however, empha-
sized the firm undertone enjoyed
by the market
Annual Meeting Held.
Directors OF the Anacostia Bank
held their annual meeting yester-
day afternoon and reelected the
following officers for the ensuing
year: President. Maurice Otterback
vice presidents, ]. Frank Campbell
and Silas A. Manuel; cashier. Chas.
V. Etzler. and W. L. KOontz. as
sistant cashier.
Preceding this election, stock
holders of the institution held their
yearly meeting and heard the re-
port OF the past year. after which
they reelected the following direc-
tors: ]. Frank Campbell. George ).
King. Charles W. Warden. Silas A.
Manuel, James E. Toner. A z. GUIDE.
Joseph J. Mundell, Maurice otter
back and l. W. Thompson. Action
of the officers and directors for the
past year was also ratified.
The report shows the Anacostia
now has a total of approximately Y
ss69.OO in deposits, $4,000 calitaI-
ization. 100000 surplus. and $4,000
of undivided profits.
Silas A Manuel vice president
of the Institution. announced that
he will tender a dinner to officers.
directors and employees at the Con-
gress Hall Hotel next Saturday eve
ping
This Institution, located in an
outlying district. has enjoyed un-
usual growth and prosperity under
the able leadership Of Maurice Of
terback. its first and present presi-
dent