Evening star., 1924-12-08
NATIONAL BANKS
TOPAY S50,611,9|O
30 Per Cent of September
Certificate Sale Payable
'.t
Tomorrow.
BY CHAs. p. sHAEFFER.


Secretary of the Treasury Mellon
has asked national banks of the coun
try TO remit to their regional mem
oers, not later than Tuesday, 30 per
cent OF the proceeds remaining from
the September u sale Of Treasurv
certificates. The call will con nstitute
withdrawal of s50,611,s0o from the
banks of the country.
The issue called Is specified as
I. s. 1925 series. maturing year
from date, and bearing interest at
the rate of 2& per cent They were
issued to an amount OF S391.5s9, 900.
including s125,9s2. 900 of exchanges
To date. including the pending dis
bursement. 45la per cent, or s118,094
500, remains on deposit Throughout
banks of the country.
Trading on Local Board.
Sales volume was at minimum on
the Washington Stock Exchange this
morning, when but four issues were
ticularly Lanston Monotype. which
sold off to IS on a 10-share trans
action.
| National Mortgage and Investment.
preferred, was unchanged at on
sales of so shares. while Gas 5s and
Railway IS were pegged respectively
at SO and 80
the exchange, was absent, being in
New York He will return tomorrow
Seek New Equipment Ideas.
The new home of the Federal
American National Bank will b.
most modern in every detail. Joseph
d. Yerk@s and George Rowzee, minor
officials OF the bank, were today dis
| patched to New York with the view
! of obtaining information on the last
word in bookkeeping establishments
and fixtures, which will be used in
| the new bank. a thorough survey Of
the largest banks in New York City
will be conducted for this purpose
Program At Institute.
The schedule for the American
! Institute of Banking for the week
is announced as follows:
| Tonight. F. j. Donohue, on standard
banking, the subject being Banks
and Banking; Tuesday, Joseph il.
Meyer, on Business Papers-Busi
ness Methods in the accounting
course; Wednesday, r. B. Dickey, on
''Torts and Crimes" in the CONNER
cial law class: Thursday. Eliot r
Thomson. on Federal Reserve Bank.
in the elementary banking class. and
Rufus Lusk. in public speaking and
debate, this class being held at thu
Washington Stock Exchange rooms.
on Friday. F. J. .Donohue lectures
on Stocks. Bonds, Mortgages, in
the standard economics class, and l..
Gordon Finney on Financial State
ments - Liabilities" in the credits
class.
Insurance Man Promoted.
Daniel Ross MeIzger, manager Of
] the Potomac district Of the Metro
| politan Life Insurance Company, has
! been promoted to take charge of th..
! Southwestern territory. according l.
announcement made o. the company
! today MIR Metzger will establish
! headquarters in New York. while his
new territory will comprise Tennes
| see. Missouri, Arkansas. Oklahoma
/ and Iowa. lie will be succeeded herr
| by William F. Barron, former man
ager of New Orleans district
Prominent Bankers Coming Here.
/ l.. V. Krick. vice president OF the
Merchaftiie Trust Company of Sai
| Francisco and president of the Amer
! lean institute OF Banking, will attend
! the meetings of the administrative
| committee of the American Bankers
| Association in this city Wednesdas
and Thursday Of this week.
Another of the Institutes prominent
| officials, Stephen r. Miller, who j.
| chairman of the national educationa
! committee, will address the locS
! delegation some time next month a
! a forum dinner 80 be arranged in hi
! honor, il was announced todaE.
| The annual banquet OF the associd-
! zion was today officially announce
ior Febl uary IS al the Willard Hote'.
Matters Before l. L. {.
/ In recuusidcring today decision
! announced last March, BY which the
Chicago Union Station Co. was re-
uuired to sell $4,000 in gold bonds
! TO the highest bidders, the Interstate
| Commerce Commission withdrew ten
| tatiyely from policy which has
aroused considerable controversy IN
| financial and railroad circles.
The decision announced today Will
| allow the terminal company TO sell
the issue at an approved price, TO its
! own bankers, Kuhn, Loeb and Co. OF
| New York, without throwing the sale
! into the open market at auction