Evening star., 1924-07-06
Railway Commons Ne,u High
Record Made. IN Private Sale
Recent Rise Decentralization Office
Demanded Here-Bankers' Asso-
citation Flayed.

| amounts for printing. together with
| $4,000 for office appropriation and
| salaries.
The state legislative committee and
the national legislative committee
are given credit as the only ones Of
the lot that accomplish anything
| while he particularly roasts the ex-
ecutive council. coming together
from 700 to 500 miles. with railroad
| fare and hotel bills paid. generally
holding their meetings where there
Is fine golf course, and doing little
but play golf"
The American Institute of Banking
did not escape the wrath of the rock
ribbed member, who urged to stop
the waste, withhold cash from the
| organization and put 1t in your. own
vaults"
The American Bankers Association
| is too big to feel the slams of any
one man. but it really should be
lures.
Local bankers consider their MEM
bership valuable. believe in the Insti-
tute of Banking and consider that
their clerks and tellers are the bet
ter fitted for the work to which they
are assigned because of their educa-
tion in the institute. They believe in
| the work of the legislative commit
tees and the protective assistance
| readily offered them in checking all
lawlessness not the result of direct
| carelessness on the part of some
| teller
Charles J. Bell and George o.
Watson have served as members OF
has come from the office .'disappoint-
| ed and heartbroken," as Mr.. Hichborn
declares you will.
Local bankers admit that the an
nual conventions of the A. b. A. are of
less value than the annual gather
nf nf IL
| Gus states for the reason that it Is
so big that there is no chance for
| personal friendships being formed as
at the smaller gatherings"
Local Deposits and Money.
The early returns indicate that the
local banking institutions have lost
more or less heavily in deposits since
ments of July l, however. had not
| found their way back into the banks
| on date of call, nor have withdrawals
| made to dodge the intangible tax
| figures been returned.
There are but one or two banks
| that report sufficient demand for
| loans to keep their funds well en-
ployed. The great majority of banks
| ident said in reply to a query.
Have you any money to loan? But
| the printing presses were again busy
| during June getting out bonds and
| stocks for the ready market.
The grand total of stocks, bonds
and notes issued by railroad, utility
and industrial companies for June
| was $317,371.5OO. about the same as
year ago for the same month and
| considerably less than for the month
of May. Public utilities put out Wis.,
| 147. 500 bonds in June.
A matter of 27.3 per cent OF the
| total issues of securities for the
month was for refunding purposes
yalN hn
| us for months to come and the print
| ing presses will continue to operate
| busily.
PInn Fine Time for Bankers.
Delegates to the annual convention
of the American Institute OF Banking
in Baltimore who take advantage OF
the local chapters generous offer of
a day's local entertainment on July
10 will find themselves amply re-
warded. -
James c. Dulin, jr., general chair.
NAL of the committee which VIII
work out the details pertinent to TINS
entertainment, has selected his Vari-
Gus chairmen who will meet with him
next Tuesday at 4:45 pm. at the
American Security and Trust Com
pany to receive final instructions.
c. D. Boyer heads the finance COM
mittee, with Louis Eckloff as his as
sistant, while w. A. Dexter and T.
Hunton Leith will take care of the
registration, reception ana souvenirs
on the occasion. r c. Calvo and
transportation facilities for the
guests.
A trip to Mount Vernon, sight
seeing cruises and a supper are in
cluded in the days itinerary. The
first event is in the hands of W. j.
Waller and R Jesse CLANCY. Fran
els G. Addison. jr., and George Shisler
will have charge of the sightseeing.
and Victor B. Deyber and Miss Helen
Willer will arrange the supper.