Evening star., 1924-09-24
NAMES COMMITTEE
TO PROTECT BANKS
Deyber Selects Members of
Local Association-Other
Financial Briefs.
BY CHAS. p. SHAEFTFB-

Washington banking institutions
will be subjected to the minimum
number of risks during the admins
tration of Victor B. Deyber, presi-
dent of the District Bankers Asso-
citation. This became known this
morning when that official made pub
llc the personnel of the protective
committee of the association which
Will serve during 192425.
Harry V. Haynes, past president
or the association and the executive
VINO put into operation the plan
which is now working with remark
able success. heads the committee
and is assisted by the following:
r, G. Addison, jr.: Charles J. Bell,
wade II. Cooper, John b. Cochran,
Robert V. Fleming. Howard Moran,
w. w. Spaid, l.. A. Slaughter and
George l.. Starkey,
This body is considered one OF the
most important in the association s
functions and it was deemed ad-
tee as possible.
The plan, essentially, is a mechan
fcal inter bank notification of unde-
sirable accounts, working with great
est benefits as applied to forgers.
For instance, if an injured institu-
tion makes prompt report of its loss
the entire banking fraternity is fur
nished with a detailed description OF
the culprit along with his manner
isms and aliases within "a hours.
1t has been estimated the plan has
saved Washington banks thousands OF
dollars since put into operation.
North American Mt New TOP.
OF interest to many Washington
investors is the comment of Harrison
Williams, who controls the North
American Company. discussing the
rise in the common stock to new
high at 34A. Mr.. Williams said:
"Our earnings are beginning to
pick up in the Middle West. Due to
the fact that we have plants in De-
troit, Milwaukee, St Louis and CleVe-
land, we are somewhat of baro-
meter Of business conditions When
tho use of electricity begins TO 20
up it means that there is q general
increase in business activity. Since
the first of this month there haN-
been increasing signs of more active
business
North American Company has beorl
negotiating to secure a couple o.
small power companies, but nothing
definite has been accomplished
Bank Service Discussed.
In the current issue of the Banker
Magazine appears as the featured
article a discussion on Are banks
giving too much free service" penneG
by Joseph D. Yerkes of the Federal
American National Bank
The discussion is substantially the
same as delivered by Mr.. Yerkes at
the last convention of the District
Bankers Association as one of the
three prize winning essays.
Personal Mention.
Alfred c. Bosom, architect Of the
new home of the Federal-America
National Bank, has returned to this
city after a two-month vacation
abroad. While in Europe he was
decorated by the Royal Institute of
Architects. and is the only American
holding this honor.
Jonn Poole. president OF the Fed
eral-American, leaves the latter part
of the week for White Mountains.
the Berkshires and Poland Springs.
While North he will attend the North
east conference of Rotary Clubs. re-
turning in time to attend the Finan-
cial Advertisers Association conven-
| ton, which will be held in Rich
| mond October 1916.
Trading on Local Exchange.
Sales of 100 shares of Railway pre-
| ferred monopolized trading on the
| Washington Stock Exchange this
| morning. There was no variation in
the price, the level remaining firm
at 76
Capital Traction stock moved up
] fractionally to a214, but National
Mortgage and Investment preferred
siumped to on a sale of 90 shares
Washington Gas 6s sold at 102.