Evening star., 1924-09-06
BANKING INSTITUTE
OUT FOR MEMBERS
]. NJ. Van Hoesen Will Direct
Local Drive-Other Finan.
ciaI Notes.
BY CHAS. p. SHAEEEER


The annual drive for new members
VIII De begun by the local chapter
American Institute of Banking. next
week
mere are at present $4,000 regis
tered members of the American In
s,ieute or Banking, comprising $50
chapters, located in the principal
cities of the country. Washington
boasts S69 members and holds the
enVlabie position of eleventh in the
list. ~ 'e
Il NJ. Van Hoesen of the Second
national Bank has been named chair
man of the membership committee
anu ne Will be expected to bring the
local quota to 1000. which would
pace the District body in the first
ten. " %
Hir. van Hoesen stated this morning
,nat no intensive campaign such as
las1 years would be followed. On the
other hand well organized canvass
of all local institutions would he con.
Quoted, and an attempt made to en-
lst every eligible employe. A mar
gin OF safety will be obtained. if DOS
slbie, to offset Withdrawals and mem
bership forfeitures.
opening night for the chapters ac-
tlV1ties has been announced for Sep
tember %.
I,
nave charge of the years activities.
X j. CLANCY, first vice president. is
also Chairman of the educational COM
hlltee- L. Hunton Leith, second vice
president, will preside over the WAYS
and means committee. George NJ. Ire
ian is secretary and is assisted by
william Winstead. Joseph u. Yerkes
lS~treasurer
The board OF governors include the
al
Duiin, who is chairman of the forum
committee; John FIetchau, chairman
OF the house and audit committee:
George Shisler, editor of the official
organ, Dollars and Sense; Florence
NJ. Miller chairman of the publicity
committee; Lois A. White, chairman
OF the women's committee, and T. NJ.
van Hoesen, chief consul.
Returns to Real Estate.
Algernon S. Gardiner, for the last
lour years president of the Standard
National Bank. recently purchased
ny the District National, returns TO
MS nfst love next Monday-the real
estate business-and has established
Building
MI Gardiner Will have no associates
IN MS Undertaking, he says. Nor will
ne engage IN private dwelling trans
actions, but will confine his dealings
to real estate investments. primarily
business and apartment house pro-
Jects. He is remembered as the for
Her president of Gardiner & Dent
with real estate associations extend
ing over period of Is years.
Would Tax New d. & O. Issue.
John E. Dempster. Baltimore at
torney, has enjoined the Public
Service Commission of the State to
force the Baltimore and Ohio Rail
road Company to forego its claim for
tax exemption on the recently
authorized new issue of $75,O00,OO
of bonds:
George NJ. Shriver. senior vice pres
ldent of the carrier, indicates little
alarm over MIR. Dempster's contention
is felt, declaring the approval of the
Interstate Commerce Commission,
already given, is sufficient under the
Federal transportation act.
Ruling on Paper Stock.
The new issue of s1,00O,0OO of Dis
trict of Columbia Paper Manufacture
ing Co. stock will not be admitted
to trading on the local board until
the entire fiotation is disposed OF and
paid for, the governing committee OF
the exchange voted yesterday
Personal Mention.
Harry G. Meem, vice president OF
the Washington Loan and Trust Co.
with his family, is vacationing in
Atlantic City.
Laurence A. Slaughter vice presl-
dent of the Commercial National
Bank, is spending several weeks va
cation at Saranac Lake.
Unlisted Securities Prices.
The following latest bid" and
asked prices for unlisted securI-
ties are quoted for the guidance OF
holders of these issues: