Evening star., 1924-05-18
Mid,Ueek Luncl,e0ns Helpful
! To Banks il, Checking Frauds
Also Aid in Soluing Business Problems
Samples of Easy Money attempts.
Local Financial Revie,u.

| Security Saving and Commercial
American Security and Trust Com
pany, Munsey Trust Company, Bank
of Commerce and Savings. CONNER
cial National Bank; National Metro
politan, Riggs National, McLachien
Banking Corporation, Lincoln Ma
tional, Washington Savings Bank and
Hibbs & Co.
Occasionally representatives OF
other banks attend the luncheons,
when possible, but there are many
who are prevented from regular at
tendance by the demands of business.
Average OF Seventeen to Twenty
Present.
Frequently installations are repre-
Sented by more than one OF its of1l-
GERS. The average attendance is from
seventeen to twenty.
1t should be really understood that
a gathering of this character might
readily play an important part 1T
the District Bankers Association
making very valuable and broadly
discussed suggestions and advancing
plans for changes that the group
might consider advisable.
Any subject brought up is thor
oughly discussed, for there are vet
eran bankers at the midweek meet
opinions.
1t should also be readily seen that
the banker desiring to keep pace with
conditions as they exist, with the
various fraudulent schemes of the
day should be represented at this
1t is an hour and 81 devoted
to the interests Of the banks. City
Club, any usher will lead you to 1t
Wednesday, l o'clock, sharp, rain OF
shine.
Do Not Expect Trouble.
Time was when there were a very
few bankers in Washington who were
suspected of accepting cash as ar
inducement to make questionable
loans, which usually turned out badly
for their banks-but not now.
Bankers methods of making rea
estate loans are different. They will
accept none other than their oWr
assessments of value, and when they
decide on this question they insist
alton.
AS for taking second or additional
trusts on the same property there is
nothing doing-nothing. The big
profits to be made in handling second
trusts is left to other corporations
and persons willing to take chances
for the sake of the big returns. Inc
larger the number prefixing a trust
the greater the degree of speculation
the less the chance of final payment
| in full and the greater tne eApcSteo
profit from the transaction.
Examiners Methods Approved.
Washington bankers express them
selves as thoroughly satisfied with
the present national bank examiner
of this city. They claim he is very
thorough in examinations, yet not
offensive in any manner, and that In
the fitness shown in recent eilmlna
tions of irritated spots he has been
especially effective in his work-tha'
of disturbance or loss. AT the same
time he has been different.
In this, it is said. he has been as
successful as any of his predecessors
and much more diplomatic than some
Continental Wins Suit.
The Continental Trust Company mas
won the suit against it for Sl,000,ooe
brought by the Mertens in connection
with the Virginia apple orchards.
This suit has hung fire for year s
1t has been a thorn in the side or the
Continental Trust Company; probably
has prevented important negotiations
| and caused much trouble. Counse
| for the company advised that tht
plaintiffs did not have a leg to stane
| on" but it was a bone OF contentlor
| that would not down.
1t is regretted by the offlcials Ina
the verdict was not returned peior'
the death of Senator Scott.