The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1924-04-29
BANKERS AID
BUSINESS
BUREAU
viii Serve on Committee in
Organizing investment
Department.
BY HARRY GUsACK.

By HARRY GUSACK.
appointment of g. committee OF
fifteen pertinent bankers. invest
ment bankers and realtors who will
cooperate with the Better Business
bureau in the campaign to protect
Washington investors against pro
motors Of fake stocks and fraudu
lent securities was announced today
This committee consists Of H. L.
Rust, Harry B. Doyle and William
3. Shannon, representing real estate
dealers. with Mr.. Rust as chairman
of this subcommitte; John L. Ed
wards. chairman; Frank Morse and
n. J *. ID. Peachy, Investment
bankers committed; Howard Moran
chairman; Boyd Taylor and G. H
Pope, the<trust company committee
". B. Deyber, chairman; r. "
Fleming and j. B. Cochran, national
banks committee; and F. II. Add
son, jr., chairman; Theodore Michael
and Maurice Otterback, the com
mittee representing savings banks
These committees are appointed
to familiarize themselves with the
manner in which the bureau has
been operated and with details OF
! how the bureau will operate under
the enlargement as planned with
the investment department. The
committee viii go over with Howard
n. Cool, director of the bureau, the
details Of plans and determine the
amount Of money to be required to
put the enlarged plan into operation
These committees will meet as a
committee Of one and discuss the
plans with q view of determining
whether or not they will recommend
It to their respective groups. These
committees meeting together will
also consider the total appropriation
required and the proportion that
viii be contributed by each group.
T+%eD. G. Bankers Meet.
Revision Of the District of CO
lumbias banking code will be one o.
the first tasks Of the House Bank
ing and Currency Committee wher
Congress reconvenes after the sum
mer recess, according to Congress
man Louis T. McFadden, chairman
Of the committee, who last night ad
dressed the District of Columbia
Bankers Association in the Willard
Hotel. It is the intention of the
committee, Mr.. McFadden said; t
formulate a comprehensive law fol
the District, covering every phasl
OF banking, and clarifying point;
on which the law is now obscure.
He pointed out that branch bank
ing within city limits, such as il
practiced in the District, is within
the scope Of the proposed law anC
meets with the general approva
OF the committee.
Francis G. Addison, jr., vice presi
dent of. the Security Savings anC
Commercial Bank, presented a pre-
hminary report on standardized in
surance for banks. Other reports
dealing with technical aspects O
banking were presented by w. j
Waller, vice president of the Federal
American National Bank, ant
Charles E. Howe, treasurer of tn
American Security and Trust Com
'pany.
Various phases of business an,
banking were discussed in semi
final reports submitted by chairneI
OF committees. Robert v. Fleming
vice president and cashier of Rigg
National Bank, reported for TIL
committee on trade activities, tina
while retail trade in the Distric
has been satisfactory there has beef
"a slackening in other lines O
activity, notably the automobil,
business. This recession in tn,
iaufomotive trade, the report stated
was partly due 20 the genera
tightening of the conditions of sale
partly to the used-car market an,
partly to unfaporable weather con