Evening star. [volume] (Washington, D.C.) 1854-1972, 1923-07-17
BANKING LECTURES
BEGIN ON AUGUST Is
Naval Officers to Hear Prac-
teal Bankers-LocaI
Exchange Is Quiet.

The seventh class to be conducted
by local bankers before officers OF the
Supply Corps. United States Navy win
be started on August Is, ii was learned
this morning.
These lectures were organized sew
eral years ago by A. c. Flather. then
manager of the new business depart
ment OF the American Security and
Trust Company, az the request of Ad-
miral Carpenter. head of the Naval
Supply Corps. Inasmuch as the supply
officer of ship is, in actually, the
business man of the vessel the
Navy Department deemed it of great
benefit to the service to have courses
in banking and business thoroughly
discussed by practical bankers and
business men. thus better fitting the
Supply Corps to combat the many
problems confronting them in the dis
charge of their duties. A saving Ot
great proportions has already made it
self manifest through sthis medium,
local officers aver.
Following the lectures the class is
split into two groups, which visit 10
cal banking institutions. thereb"
gaining practical and inside working
knowledge of a banks functions
On August l5 the first of a series Of
twenty three lectures will be held, the
assemblage on that day being ad-
ject chosen is National Banks"
Other lectures. with their speakers,
follow: August II, state Bank" by
Victor B. Deyber; August 20, Bank
gust q: Money" by Victor B. pey-
Bank" by Edward J. McQuade: Au-
gust 81. Banking Practice" by Ed
ward ]. McQuade; August %. Credit
and Its Uses" by Joshua Evans, jr..
August 81. Loans and Discounts" By
10; hua Evans, jr.; September 5. Pro
tests" by w. J. Waller or F. II. Cox,
September :. Real Estate Loans" by
Charles S. Shreve: September 10. In
September u, Interest" by Francis
eign Exchange by Gwynn Dent, Sep
TENDER II, "Acceptances," by Harry
V. Haynes September 10. Warehouse
Receipts and Bills" by Eliot II.
Thomson; September 81, Functions
of Trust Company" by a. G. Fla
Their: September "a Law Problems.
by Jerome Barnard; September 26,
Analysis of Accounts" by Francis G
Addison. jr.: September 2s. "Transits."
by Robert V. Fleming; October l, The
Bank Statement" by Joshua Evans
jr.: October and 5, Federal Reserve
System" by Robert V. Fleming, and
on October II. Income Tax" by Will
liam Ciabaugh.
The lectures are under thr direct
supervision of Alfred c. Flather.
formerly a supply officer of the Navy,
but now manager of the neT bust
ness department Of John l. Edwards
brokers. having offices here and in
Richmond.
Appeals to Young Bankers.
The young men of the American
Institute of Banking were called 70
the defense of sound money in the
United States and of the Federal re-
serve system by J. H. Puelicher.
president of the American Bankers
Association. speaking in Cleveland
this morning at the annual Conven-
ton of the institute.
Mr.. Puelicher called attention 70
the tremendous need to direct pub
lie education. The establishment of
the federal reserve system is the
striking achievement of these last
few years, he said, but misunder-
standing, thoughtlessuess narrow
class consciousness. selfish acquisi-
tiveneS threaten the continued eX-
istence of that institution. Institute
that they have. are absolutely forced
to take upon themselves the reSpon-
sibility OF making known the pur-
poses and functions of the federal
reserve system, ana 10 tel OF the
| benefits of that system during the
trying periods of the war and de-
fation which followed. He said that
had it not been for the federal re-
serve system the period of defation
would have brought to this country
greater chaos and greater financial
panic than the country had ever
seen.
Is it now necessary for those who
have an intimate knowledge of bank
ing and its requirements to see that
Objectionable practices are corrected
and that the sound basic principles
upon which the system rests are made
known to voting America. SO that at
the expiration of the present charter
of the system American inteii gence
will demand its renewal, he asked.
The defense of the federal re-
serve system and the gold standard Is
great general need is better under
standing of the economic relation OF
man to man" he concluded.
Washington stock Exchange.
Traders found the bond list more
; the Washington Stock Exchange TINS
morning. and this department con-
: seuuently monopolized the session.
Gas SIS were strong at 95A.
! $500 face value changing hands.
| Railway general 6s were ua
changed at s9&, and PePco: refund
| ing 6s were firm at 10l ". The gen
! eral and refunding IS OF the lat
| ter company gained to 107 on sales OF
CAPITAL Traction stock advanced TO
| 10lA, and Railway preferred was
| unchanged at 70.