The Washington herald., 1922-03-07
EXECUTIVE GROUP.
DISTRICT BANKERS
TO HOLD MEETING
Bonus and Reduction in
Size of Money to Be Dis
49, 80, cussed Thursday.
TO SUBMIT REPORT
National President McAdams
Wants Negative Action
On Soldier Issue.

The council of administration Of
-ths. District Of Columbia Bankers
Association will hold a special
meeting in the ofices of President
John B. Larner for the purpose Of
discussing the soldiers bonus. the
bin leading to the reduction in size
o. u. s. paper currency. and other
matters that may be brought up.
Thursday at 4:3o D. m. Announce
ment to this effect was mailed by
Secretary Deyber yesterday.
A. While there Is doubt In some
quarters as to what action will be
taken en- the bonus issue, It Is
known that President McAdams, Of
the American Bankers Association,
has asked for an Official attitude OF
the local association as being
against this present day problem.
The question of a reduction in
size of the U. s. paper moneys,
which was prompted by George w.
Whites request for declara-
tioa against this issue, will prob
ably ind advocates both for and
against the argument It was
pointed out in banking circles yes
terday that were this move adopt
ed. having a separate and distinct
size for every denomination, the
practice Of forging and raising" a
note would be reduced to the mini
num-
Secretary Deyber will extend an
invitation to the association. on the
part of the Illinois Safe Deposit As
Isolation. to attend the annual con-
.vention to be held on May 19 and 20.
1t Is entirely likely that the Dis
trict body will delegate some MEM
ber.o or members to attend and sub
init q report.
In addition to President Larner
and Secretary Deyber. the follow
ing comprise the council of admin
istration: Joshua Evans, jr.. Harry
" Haynes. Albert s. Galley, Frank
G. Addison. Ernest z. Herrell,
Charles c. Lamborn and George l.
Starkey George o. Watson, mem
ber Of the executive council. Ameri-
can Bankers Association. Is also q
pember.
-. Personals
fs-George z. Allen, deputy manager
Of the State bank section of the
American Bankers Association, was
In town yesterday in connection
with advocating against the Fed
eral Reserve act which allows farm
paper TO run one year instead Of
SIX months.
Maurice d. Rosenberg, president
of the Bank OF Commerce and Saw
sings. IL spending a business week
in Chicago.
" Local Securities.
---FIrm prices. with a rise of Il
point on the part Of Lanston Mono
type. characterized trading on the
Washington Stock Exchange yes
terday. This issue. which opened
at 73K on a ten-share sale. rose to
74k on the following transaction
Involving twenty shares.
IS Washington Gas SIS sold to an
aggregate Of $4,000 at 81. while the
~ were traded in at 1858. Rail-
way IS sold at 691s and 69k In
restricted amounts. with Capital
Traction s. firm at 95K- WASH
ington Gas Light stock sold at 494.
-. A. I. n. Meetings.
Victor B. Deyber. president of the
Second National Bank, will speak
to-the elementary class. Wasnlng-
ton Chapter. American Institute Of
Banking. tonight, taking as his
theme. Everyday Bank Problems"
W. j. Waller, president of the in
stitute, announced yesterday that
there would be no meeting Of this
class the following Tuesday, but
that on the night of March 20 an
open meeting of the entire chapter
would be held at the New willard
Hotel, when Edward E. Splitter
would speak on Foreign Ex-
Change"
Mr.. Splitter, who' is associated
with Heidelbach and Ickelheimer.
foreign exchange brokers OF New
York. Is reputed to be one Of the
best. Informed authorities on for
eIgn exchange In this country.
Dancing will follow the lecture
and a buffet supper will be served