Evening star., 1924-09-23
v. J. WALLER MADE
EDUCATION HEAD
Will Oversee Associations
Work in District-Prices
Firm on Exchange.
BY CHAS. u. SHAEFFEn.

Wilmer J. Waller. vice president
Of the Federal-American National
Bank, has been named supervisor
or public education of the American
Bankers Association for the BIstrir.
of Columbia. Notice OF his appoint
ment, which was made by the ma
uonal body, was received here todav.
In tentative outline Of plans. Mr.
waller has in mind three distfnr,
groups before which lie will en-
deavor TO elucidate banking and
relative subjects. These are gram
mar schools; high schools, uil-n.
schools. Young Mems Christian Asse-.
cations. Young Women's C.hristia {
ASsoclatlons and parochia1 schools
ana civIc organizations, chambers Of
commerce. etc.
There will be three talks adapte,s
TO grammar schools These viii -
delivered slowly. with the use <
lorms. For the second groun five ar
dresses viii be planned. eepcciali.
adapted to general high school as
sem blies
Most important however. Is nj.
WORK 10 b" carried on before c5vIs4
carnations. For this WORK Nj
waller will select a man who is a =.
outstanding figure in the profession,
who viii not make the general r1+s
I
throughout the country rather thar
about the Federal Reserve system
and banking in particular
"A committee viii he named shorr
10 assist in carrying on this WORT
Bank Declares Dividend.
The board Of directors of the I'M.
ted States Savings Bank has declared
the regular quarterly dividend of =
per cent on the capital stock of the
institution. payable to stockholders
or record September so, 1924.
Institute Opens Tonight.
Washington Chapter, American In
stitute of Banking Will officiaIlv
1naugurate its 1925 season tonighf
in its rooms. Masonic Temple. George
y. watson. president of the Liberty
National Bank and Il graduate of tho
chapter. is scheduled To deliver the
principal address, on ADVANTAGES o.
the Institute"
Presentation Of raduation certif-
Gates for last years work will be
made by Victor +. Deyher. president:
OF the local bankers association, and
charles j. Bell. president of tho
American Security and Trust Com.
pany. will make his usual cas-,
awards to highest ranking graduate.
Harry '. Haynes. head of the loca!
ciearins house association. Will all.
present the regular cash prizes d.
mated by his organization
distribution of text books rr.s
refreshments and dancing will fpI55
IN order. The meeting will b. of-
cd by the official induction int
hcc of II. ". burnside. new rres.s,,
of the chapter
$4,000, ,G09 BOND FToated.
The first bond issue for tho II.
meoiate Credit Banks has been ~
ceSsll llIS foated in the sum OF SO
00o,0o0 on basis to yield hold.t-
so per cent for six months. II ~.
announced last night by the Fed.r.
Farm Loan Board
Commissioner Cooper, in issuing tho
statement, said that practically tba
entire proceeds would be used j.,
financing cooperative marketing as
soclatIons in handling the products of
their members. He believed tins
would give material aid to Local
oahks IN meeting the calls for money
at this season
Banks in Boston. New York. Phiia
delphia. Baltimore, Richmond. Eric
IA: Chicago, Milwaukee,. Madison.
Wis: st. Louis, Kansas City, Wichita.
han.' Seattle and Portland, Greg.
were the purchasers. showing. il was
SAID, that the worth of the credit
Jain stcufltleS IS widely recognized.
1ef-SO6 Cars in Repair.
Surplus freight cars in good re-
pair on September totaIed ia4-
sos, a decrease of 37.371 compared
with the number reported on August
81. the American Railway Associa-
tion reported today. An increase in
the demand for transportation ia
cilities is responsible, il was SAID.
Trading on Local Exchange.
Trading on the Washington Stock
Exchange today was liStl-SS with
prices retaining firm Levels. Traction
was in fairly good demand a ~, and
Gas sold at 80. with Railway pre-
ferred firm at 76. Six shares of Amer.
lean Security and Trust Company
stock brought 500.
Gas SKIES were the only active
bonds, selling at l00S4.