Evening star., 1923-03-13
GOULD RES|GNSAS
TRUST CO. OFFICIAL
Vacancy Not Filled as Yet.
Committees Named for
1923 Convention.
BY !. A. FLEMING

| Ezra Gould, first vice presiden, Of
| the Merchants Eank and Trust
Company. has rendered his resigna
ton, and IL has been accepted by TIE
| directors OF the institution
! Mr.. Gould. who Is q well known
local banker, Joined the forces q
the Merchants Bank and Trust Com
! pany when the absorption Of the d.
! Pont National Bank by the former
Institution was accomplished. tie
having an option on the Du Pont a
| that time.
lie IS president OF the Washington
! Mechanics Saving Bank. and is aiso
| interested in many other corpora.
tions, go that his duties are go afdu-
! GUS Us to command his entire tten
| tion.
! The directors have not filed th.
vacancy as yet.
Mr.. Gould Will remain at the hsan
| of the Washington Mechanics Sav-
tngs Bank.
Convention News.
Joshua Evans. tr.. president of TT.
district Bankers Association, has ap.
pointed Howard Moran. vice pYegiden.
OK the American Security and Trus.
company, as chairman of the conven-
tion committee for the fifth snnua!
con"ention Of the organization.
-lr: Moran has accepted the appoint
! Ment and has selected as his vice
chairman Floyd E. Davis, prestder-
81 the Lincoln National Bank, who
has also agreed to serve Mr.. Mora,
was chairman OF the program com
mittee Of the fourth convention, while
Mr.. Davis has attended every convar.
q I.,$i i,,,
member. but not in an official Capacity
Mr.. Moran IS to be congratulats6
IN his choice OF heads Of important
committees. r. '. Fleming. vice pres!-
having agreed TO serve as Chairman
OF the program committe. probably
the most important assignment. as &
iasEres an Interesting program.
.o,1s;,, AS Ghai-7nan a., Ct the entert.inment
proTal to the record Of the past l.!
the selection OF W. W. Spaid. with
| out giving consideration to any OH"
else.
Another new worker is enlisted az
tho head Of ths committee or hotel
and transportation. fl Ferdinand 4
Petit, cashier Of the Citizens saving
+, BaIS.
Publicity work OF the convent.o!
viii also have the services Of a new
worker IN the person OF G. II. Pope.
Vice president and treasurer Of tte
Muasey Trust Co. who Will also be
assisted By the financial editors Q!
While no ohic:a: agreement has
been reached as to location. sentiment
IS so strongly Ii favor OF holding
this years convention at Hot Springs,
cd that the selection will be made.
Last years convention was ore
OF TIE mos: successful from the
double standpoint OF convention arc
! comfort, coupled with the creates.
degree Of possibilities for en1oyneE,
of scenery and entertainment.
The convention Till probably be
Eeld In June. Harry V. Haynes viii,
succeed Joshua Evans, jr.. as presi-
dent after the convention; Victor Z.
Deyer VIII move UP to second rtce
president
\ secretary VIII probably be elected
to succeed F. -. Addison. tr.. also =
third vice president. while the chief
interest from the election standpoint
VIII be in filling the position now held
by George Q. Watson as member o.:
the executive council Of the American
Bar kers' Association.
u is understood that there are. a
! least: six candidates for that position.
Local Securities.
On today's session Of the local stoc.
exchanges. Riggs National Bank shares
made new high at s5s5 Il share.
Washington Gas sold at 81 ~ Fat.
way preferred brought T3h, IS a.c
Sales OF Norfolk and Washington.
Steamboat Company were reported at
PASS to 21is..
General market wus decidedly du:,.
1 1-2s Selling Well.
Treasury AZ per cent one-year Ger
tifcates are in active request. Local
bankers report but small inquiry for
the az. The 4Las being exempt frcr.
the intangible tax Of all other SO.
curities with the exception Of certain
local issues. are equally valuable with
. per cent securities, although the
fact that they have but one year until
maturity makes them less attractive to
investors seeking more permanent EN-
ploylnsnt for their funds.
Push Farm Credits Plans.
Agreement was reached yesterday
ty the Federal Farm Loan Board on
regulations by which the new farm
credits law win be administered to
Commissioner Lobdell OF the board
and Secretary Mellon held a confer
ence, in addition TO the meeting cf
snnoSDced M De that oG she sscooo SStss 600 . esp
ital authorized by the law creating
the new financial INTERN ediate cred!.
banks has been credited to the board.
u NllIllOn VIII De turned over
to each OF the twelve banks. imrlA-
diately upon the issuing OF charters.
Additional funds Up 10 the aggregate
Of sixty millions. will be supplied as
needs arise.
The Board plans, temporarily at
least. to hold loans made under the
new law to a basis Of nine months
maturity. Mr.. Iobdeli explained.
however, that this would be dons
only because no ono knew the ex-
act extent to which the system would
be called upon to aid IN agricultural
financing. The first few months or,
perhaps q year, he said. would be re
quired as a period OF experimentation
cit is the ambition OF those charged
with administration OF the new Law"
said the commissioner "to render
maximum service but elemental safe
~ must be the first confederation.
Banks and cooperative associations
desiring to use the service and see
IL developed will make their bes;
h,..