Evening star., 1923-08-07
BANKERS HONOR
LATE PRESIDENT
Association Urges Minimum
Business Friday-Stock
Exchange to Suspend.

Thwarted in it's efforts to secure
bank holiday on Friday next, the
day of the late Warren G. Hardings
funeral. by existing banking legis-
lation, the District of Columbia
Bankers Association Is today ad-
dressing an appeal to the public
urging that all banking business, ex-
cept such as is lawfully necessary.
be dispensed with on that date in
respect to the fallen chief
The association calls particular at
tentfon to the fact that Friday will
In no sense of the word be a holi-
oay and that all paper falling due
on that day. will not be subject TO
de1erment of even a day
The Bankers Association has made
every effort TO close it's places of
business on Friday. but to no avail
All they can now do is curtaiI bus
mess to the minimum.
Close Tomorrow and Friday.
The Washington Stock Exchange
viii suspend trading tomorrow and on
Friday. The New York Stock Ex-
change will be closed on Friday, and
| trading there will also be suspended
for an hour or so tomorrow during
the state funeral here. The exact tims
or suspension was not availa BILE this
morning.
Likewise. the executive COMMITTEES
of the convention committee of tfs
Investment Bankers Association.
scheduled to meet tonight, has beef
deferred Indefinitely. as has been tin
of the Washington Railway and Elec-
trio Company. which was to meet to
| morrow.
Resolutions Pay Tribute.
! At special meeting of the Wash
| ington Clearing House Association
| held yesterday afternoon. the follow
! ing resolution was drawn up and
adopted:
! Whereas we have learned with
! sincere regret of the death at San
| Francisco: Calf. on Thursday. August
| :, 1928, of Warren G.. Harding, Presi-
! dent Of the United States OF America;
| Whereas God in infinite wisdom
has seen fit to remove from among
us one who was SO beloved and
| esteemed, one who so unselhshly gave
! Of himself to the world. one whose
presence has stimulated others to do
! good and follow his noble example.
! one who has left us a memory never
to be forgotten. be 1t therefore
| Resolved. That we spread on our
minutes this expression OF our high
regard for him and that a com
] mittee be named by this association
! to attend the funeral of Warren g.
! Harding. out of respect to his
| memory"
/ Bankers Take Action.
| The District Bankers Association
passed the following resolution at
special meeting held last night:
| Whereas death has claimed the
nations Chief Executive. Warren 9,
Harding. in the midst of his pres
dental term, when his mental pow
| ers were at their best and his wis
dom, gained by experience, was OF
the greatest value to our country and
| the world; and
man. and we of the District Of Colum-
of the United states have lost wise.
fearless, sound and able President:
all the world genial. courtly. lofty
man. ma we OF the District of Colum-
bia who, by more than eight years
close contact. had come to know him
and to love him. our first citizen. our
friend and our, neighbor;
! Therefore, be it resolved, by the
District of Columbia Bankers AS
| sociation. in special meeting as
! sembled, that we record our mex
pressible sense of loss in the death of
! Warren Gamaliel Harding. twenty
! of America. and the depth of our
sorrow because of that event: and
! that we extend our heartfelt sympa-
/ thy to the splendid woman, who, for
I
! his wife, comrade and unfailing help
/ mate.
! BE it further resolved. that these
1 resolutions be spread upon the min
] utes of this association and a copy
| thereof transmitted to Mrs. Hard
; ing"
! MOnOtype Company Dividend.
The board of directors of the Lans-
| ton Monotype Machine Company OF
! Philadelphia yesterday declared
| quarterly dividend of l II per cent on
! the capital stock of the company.
! payable on August 81 to stockholders
! of record at the close of business
! August 81. 1923.
/ Company says: Gross volume OF
! business for the first four months of
1929 was about 100000 in excess OF
| the same time last year. despite some
! falling off in foreign sales. Net earn
! ings, it is estimated, are also running
! ahead of 1922, although 1t is impos
sible to ascertain net definitely until
| time of inventory taking"
! Charles H. Doing, tr., vice presi-
! dent of the Washington Loan and
Trust Company, leaves Saturday for
! Cape May on a few weeks vacation.
H. K. D. Peachy. local manager Of
! Brooke. Stokes G. Co, will leave for
the tn; same resort for two weeks on
! Restricted trade ruled the Wash
! ington Stock Exchange today Ian
! ston was strong at IAN. ten shares
! changing hands. while the street rail-
ways Were unchanged. Railway pre-
! ferred selling at 72 and Traction at
! 100h. Fifty shares of Columbia Title
i Insurance Company sold at 6&.
I