Evening star., 1924-09-21
Splendid Progress in Banking
Noted Here Since Early IN War
Financial Expert Revie,os Strides Made
Locally and by Riggs Bank Specific.
: aIly-FaH Luncheons Begin.

A convention. and also in discussing
reservations at Chicago hotels.
When it came to the good of the
order" there was the usual griSt Of evil
dence regarding recent attempts to
gather money from banks without the
| usual quid pro quod.
The most sensational story told was
one of a would-be home buyer, who
specified his desires to a real estate
! firm and, after much investigation,
| found exactly what he wanted.
The price was agreed upon. and a
deposit of $500. by check. left to bind
! the bargain. The balance of purchase
| money, all cash, was to be made within
| very few days. So far so good. 1t
seemed perfectly natural when the buyer
politely asked for the cash on a Ave-
| dollar check He was quickly accom-
| modated.
Both checks no good All the expend-
! ed effort for five one-dollar bills The
| effort deserved success
| "P. Dumont. from the French en-
| bassy,' cut quite a figure on IN. c."
| checks from various sections of the
country, and in wires to banks to au-
| thoriZe the payment of checks drawn
| here and there. The French embassy
| acted promptly in giving Information
| that such person was connected
with it, although Gen. Dumont is now
| IN residence at the embassy.
Lively Discussion on Law.
One after another of the bankers
| told of this or that scheme, forged
check or like attempt. and as names
were mentioned. good-natured smiles
| would be seen all around the table
a old familiars bobbed up serenely
There was also a lively discussion
on commercial law and on various
phases of fiduciary bonding. There
| is never a luncheon session that is
| not interesting and bank officials,
! who are always welcome (City Club.
! o'clock p.m), miss real value by
not being present.
| Last week there were present rep
resentatives of the American Security
| & Trust Co, Second National Bank
! Bank of Commerce and Savings, Sc
curity Savings and Commercial.
Farmers and Mechanics National,
Liberty National Merchants Bank &
Trust Co., w. B. Hibbs & Co, the
International Bank. McLachlan Bank
! ing Corporation and Washington Saw
ings Bank. a. s Gately, who usually
represents the Lincoln National; G..
| F. Jacobson. Metropolitan National.
and Vice President Pope of the Mum
| sey Trust Co, usual attendants. were
| absent.
| ~. bs ~. HcetiHds.
The sessions Of the A. B. A. In Chi
| cago will be held in the auditorium
| and the headquarters will also be at
| the Congress Hotel. The usual large
number of papers will be read and
| addresses made al the sectional meet
| ings and at the general gathering in
| the auditorium. Almost every possi-
! BILE subject for debate will be con-
| sidered, but it may well be doubted
| whether branch banking will again
| be discussed, after the action taken
at the session last year at Atlantic
| City. The subject is not listed
| for any Of the three general meet
| ings.
Topics OF especial interest that will
be discussed are Shall We Charge
the Improbable Account" Watching
| the Duplicate Borrower" discussion
J of the Advertising Value and Com
nunity Return from Small Accounts
| Carried at an Actual Loss" and
| american World Leadership and Our
Responsibility for the World Peace"
Examinations by Special Examiners
| for Each Clearing House Association"
| will be freely discussed in section
| meetings. The matter of bringing the
A. l. B. to the country banker will
| also be brought up.
| For the first time. there will be
first time presentation of a film
| Dollar Down." at the convention. in
the gold room of the Congress
Hotel, and the movie star will per-
sonally greet the members. 1t will be
a bit of propaganda on saving.
| Washington Chapter, american In
! stitute of Banking, will inaugurate
it's educational campaign for the Fall
and Winter season on Thursday eve
ming, September 25, with commence
ment exercises for last years classes
and a rally for the classes of the
| coming season.
From the date mentioned on until
| May IA there will be lectures each
| week in the fundamentals of banking
I. . The standard course advanced
| classes will have lectures from