Evening star., 1923-09-26
BANKING INSTITUTE
OPENS OCTOBER 10
Report Made in ReceiverShip
Case-Bonds Feature on
Local Exchange.

The 1924 season of the Washing
ton Chapter, American Institute OF
Banking, will be ushered in on Oc-
tober 10. with the study of CONNER
cial law. 1t was announced this morn
ing by Fl. w. Burnside, chairman OF
the educational committee of the
local body. Thereafter, the three
courses, elementary, standard and
advanced, will be conducted, classes
being held on Tuesday, Wednesday,
Thursday and Friday evenings at
o'clock at the chapter rooms. Masonic
Temple.
The elementary course will be given
on Tuesdays the first year of STANDARD
course on Wednesdays, the second
year standard on Thursdays and the
new course on credits will be helu
Fridays.
The credits course is inaugurated
this year as the first step towards
the establishment of the advanced
course, in process of development by
the national organization. This study
will be taught by a bank credit man,
with thorough knowledge of the sub
ject. and will be shaped around new
textbook recently published by the
institute. 1t will be open to grad
yates of the standard course. bank
O1HCerS ana senior Dank CleTkS- IN
addition to the regular dues the
tuition covering this course will be
SIS. payable upon enrolment
Instructors for the ensuing term
include Francis G. Addison, jr.. vice
president of the Security Savings and
Commercial Bank; l.. H. Thomson.
publicity manager of the Washington
Loan and Trust Company: Raymond
B. Dickey. District Bar. Association;
F. J. Donohue, professor of economics
a ITniVarQifT nd
Starkloff. credit manager of the
Drovers and Mechanics Bank Of
Baltimore.
A get-togerher'. meeting will he
meeting chapter activities for the
coming year will be outlined. Also,
certificates and prizes will be award
ed last years students, to be followed
by dancing.
Reports on Receivership.
A report on the progress being
made by receivers for the Cleveland
Discount Company was made last
night to local stock and bond holders
| by William H. HoppIe. Mr.. Hopple is
president OF the company and also of
the Union Discount Company, 4 pro-
tective organization formed by the
stock and bond holders after the fail
ure of the Cleveland Company.
The Union Discount Company is
buying in the liquid assests of the de-
funct company, which supplies the
! Cleveland Discount Company. to re-
has proved a success. II was said.
and indications are that the bond
holders will be paid off in full and
| that there will be a substantial
amount left over for the stockhold
ers.
The Union Discount Company has
| an authorized capital Cf $4,000 600 of
which about sl.6o0,o0o has been sub
1 scribed. Mr.. Hopple was formerly
! the largest stockholder of the Cleve-
land company and became its presi-
dent after the failure.
B. & o. Meeting Late Today.
| Directors of the Baltimore and Ohio
/ railroad will meet this afternoon at
] New York, and IL is understood the
| resumption of dividends on the COM
mon stock of the company will be
/ discussed.
The report of the directors after
| the June meeting intimated that the
dividend probably would be restored
before the end of the year. Earnings
OF the company have been very good
this year, but the financial district
does not know whether to expect any
| dividend action today or in December
Bank Declares Dividend.
Directors of the Washington Me-
! chanics Savings Bank have declared
/ their regular quarterly dividend of
stockholders of record September 30
! 1928.
Local Exchange Trading.
| Bonds monopolized the relatively
| light session on the Washington Stock
| Exchange this morning.
| Capital Traction SIS were in brisk
! demand at "a. $1I.500 selling at this
| figure. while $4,000 City and Suburban
! SIS brought so. Fives of the Chesa-
peake and Potomac Telephone Com
pany changed hands at 96ls.
On the stock side. Capital Traction
was off slightly to 99%. but Riggs
| National Bank rights strengthened to
95&. Gas was frmer at ASS. and
1 I4S1.