Evening star., 1923-03-20
CONVENTION DATES
DPLACES CHOSEN
Investment Bankers Select
This City, October 1881.
Local Securities Firm.
By 1. A. FLEMING.

Ihe NTH annual convention of the
District Bankers Association will he
held at Hot Springs, Va. June 81 To %.
while the outing may be extended to
| include Sunday, the 24th. and probably
VIII be by most Of the delegates and
convention guests.
The time is practically ten days later
than last year. due to the fact that the
Shriners' convention will be held here
early in June
virginia bankers will not go 70 Hot
Springs this year. They followed the
local organization last year, but this
year will hold their convention May "a
/ 26 in Richmond
The American Institute of Banking
meets in Cleveland. july 1920. and the
investment bankers gather in annutI
convention here October 28-31.
This latter convention has been Sc
cured Tor Washington largely through
the efforts Of Eugene L. Thompson.
a governor o. the \. !. B.
The executive council of the A. B. A.
meets at R-c, ;. y, for its spring
meeting. April 22-26
The term o. mem beTSIIip Of a mem
her Of the coIrci! e.ected by a state
is three years. and one term is the
limit that any one can serve.
Pennsylvania bankers meet at At
lantic city, May 2@-25. ctashing as to
dates with Virginia
Reserve city bankers meet at French
Lick Springs. Ind. May 2s-29.
Michigan bankers will hold their
convention on board the steamer
Noron,c. June 1922, for a cruise on
Lake Huron.
About 100 New York bankers are
expected or the cruise. 1t is to be
hoped that old Huron will be in a
xIN,-
Tennessee bankers meet at Chatta-
nooga. May 15-16
Wisconsin association at Milwaukee.
June 1920
North Carolina bankers gather at
PinehurSt. Tsy 60.
The United States Chamber Of Com
merce meets in New York May 10.
Other nearby states have not set
dates for bankers conventions as yet.
Alabama Loses Again.
Alabama made the attempt to collect
taxes on federal lard bank mortgages.
through refusing to record the mort
cages without payment of taxes. The
case in question was before the probate
court
On an appeal by the federal land bank
OF New Orleans the United States Su-
pTe1ne Court ruled against Alabama
again.
April 23 the Supreme Court will hear
North Caroline and Atlanta cases YER
sus thn federal reserve banks of Rich
mond and Atiauta
As 10 Hank Law amendment.
There has bee considerable talk bacl;
and forth regarding aa amendment to
the revised statutes of the United
States Oh r. 521@) enacted in the clos
ing hours of the est session.
The amendnent made the section
read as follows.
IN ease nf sb,-a1
ferring TO national bank stock) il
shall not be at 2 greater rate than is
assessed against m6neyed capital in
the hands of individual citizens Of
such state, coming into competition
with national banks. Provided. that
! bonds. notes or other evidences Of in
! debtedHess in the hands az individual
| cltizenS Of such st".e. n"' employed
! or engaged in he .it.'.lng business
! and representing Ia ely "ersonal ir-
vestments. not ir>Ge ~ rp,Hpei:t.on
with such bus Tes.- Sli9.i rn. be deem
cd money capita! within tac meaning
OF this section
I'm case of q ;tc net income
of an aSSoCia1 %. ryta shah r1f
be higher tngr rate assessed
upon other fnaLC corporations nor
higher than tile h rhest OF the rates
assessed by the taxing state upon the
net income OF mercantile. manufactur-
ing and business corporations doing
business within its limits
FREQUENT reference has been made
to joker" in the measure, but its
sponsor declares that il simply pre-
vents any stat" from taxing national
banks heavier than state banks.
Local Securities.
Capital Trac;io, shares attracted
the greater part o! ne trading on the
local stock exchange this morning Al
the opening il was weak breaking
from 9ele TO %. but It came bac[i
strong almost Immediately. and before
the trading ended Wa back at 9955,
! the highest price for some days.
Railway common little firmer, with
Y bid. No sales
Washington Gas was easier, at 514
to 81 Il.
Norfolk and Washington Steamboat
Company shares brought 2l9 10 220.
Lanston, 10. Merganthaler, 170&.
Business in bonds was very light.
washington Gas 5s at 50, covering
the record.