Evening star., 1924-05-24
APPOINTS CHAIRMEN
FOR CHAPTER UNITS
Committee Heads to Serve D. C.
Bankers Organization Named
by President Burnside.
FAILURES IN U. S. INCREASE
Record of Transactions on Local
Stock Exchange.
BY CHAS. p. SHAEEEEu

H. w. Burnside, newly elected
president of the Washington Cbapter.
American Institute of Banking has
completed his first official act in nam
Ing the various committee chairmen
to serve the ensuing year
r. Jesse CLANCY has been naneH
for the important post of heading the
educational committee, and will also
have charge of arrangements for the
annual banquet. The ways and means
committee business will be taken
care of by 7. Hunton Leith, and ex-
President J. c. Dulin. jr.. was made
chairman of the forum. committee and
also the Washington visitation day
committee in connection with the am
nual convention of the institute
which will be held in Baltimore
Heads Woman's Committee
Miss Lois White Of the Federal
American National Bank will have
charge of the women's committee for
the coming year, and Miss Florence
Wlller of Riggs will disburse pub
licity. Miss Willer is also named vice
chairman of the convention commit
tee. r. C. Calvo heads the member
ship committee and George .Shisl4r
has been appointed editor of dollars
and Sense" the official organ Of rh-
local chapter. John T. Fletchall is
chairman of the House and audit
committee.
An advisory committee has also
been named by Mr.. Burnside, with
himself as chairman, consisting -
the following: Victor b. Deyber,
g. Addison, jr.; Joshua Evans jr,. f..
J. McQuade. W. J. Waller, G. u. Bower
w. A. Dexter, J. c. Dulin. jr, and
Harry V. Haynes
Thirty-six delegates will represent
Washington at the annual conveu-
tion in Baltimore in July. On Satur-
day, July 1s, following the conven-
tion. Washington Chapter will be host
to about 1,500 delegates from all over
the Union.
Official Personnel.
The official personnel of the local
chapter for the ensuing year is as
follows: President. II. W Burnside:
vice president. r. Jesse Chaney: sec
ond vice president, T. Hunton Leith
secretary, George NJ. IreIan: treas
urer, Joseph D. Yerkes: assistant
secretary, William G. Winstead, and
chief con ul. Garrett NJ Van Hoesen
The board OF governors comprises
the following: Z. c. Calvo. James
G. Dulin, jr.: John r Fletchal
George Shisler, Lois A. White and !,
Florence NJ. Willer
Record of L. =. Failures.
More failures occurred in the United
states TINS week than last. the num-
ber reported being 447. an increase Of
81 over last week : total. y yea
ago there We're $50 defaults All sec
tons of the country had more failures
this week than last. the largest in
crease being 32-in the south
Despite further price declines aud
evidence of restricted demand for
various commodities. bank clearingS
held ut high leve' aGgregatin.s
s7.4S1. 200. al leading cities Of ta.-
-, hi
Permits Granted BY T. c. C.
The wis ronsin Central RafI~ar.
Company TO-DAY was authorized -
the Interstate Commerce Commission
to issue and sell at not less tHap
@775 per cent of par S6.00a,00o 81
three-year 5le per cent secured gold
notes and 10 pledge IS 600 900 of III
as collateral security for the notes.
The Wisconsin Central and the Min
neapolis, 81. Paul and Sault Ste. Marie
Railway Company were authorized t.
assume joint obligation to pay ntev-
est at ) per cent on S4.24a. 600 of WIS
consin Central first and refundin-
mortgage per cent bonds and on
s.. .a94, 600 of the roads bonds.
The Minneapolis, st. Paul and Sault
Ste. Marie Railway Company was an
thorized to assume obligation and liza
bility in respect of S6,000.000 of So
cured gold notes and to sell them ~
IlDk res tildIl - 49, per cent OF pa.
The Chicago, Indianapolis and Louis
VILE Railway Company today receiN-
ed authority from the Interstate Com
merce Commission to sell 81 900 900 of
first and general mortgage & per cent
gold bonds at not less than &c per
cent OF par. :
Business Before ID. c. Exchange.
\ decline Of ) points to 80 in stoch
of the Washington Market CompanN
was the onit noteworthy occurrence
on the local board this morning. Thir-
ty shares We're sold.
Restricted trade in other issues
brought out firm prices. small ad-
vanceS being seen in Capital Trar-
tion. at 93IS: Washington Gas 5S 1t
95ii, and Capital Traction IS, at % :.