Evening star., 1924-07-13
Democratic Ticket Is Approued
By Business as s'Safe and Sane''
Trade Setback May Turn Soon, ,6O0Visi.
tors Coming Friday-Ba,kers' Lunch
cons Real HeIp-Bonds Near Top.

they would be Immediately salable
at one to two points advance
Another story is that the New York
end of the syndicate expected to
place considerable quantities of the
bonds in other cities, on the same
| theory, and they must have met dis
appointment, for when the time comes
for allotment every bid was filled and
some buyers received many more
bonds than they wanted.
The street is confident that the real
value of the bonds will soon be RESPONSE
PIE Tor a rise to par and in time even
better, as banks will hold their pur-
chaSeS FOR a prolonged period
Don't Make Reckless Trades.
Wolves are abroad in the land. They
work while you sleep. From morning
until night there are men going around
this town seeking to exchange any high
grade investment that you may have for
something that they have that will prob
ably not pay out 80 cents
Reports are coming in of offers to
trade this or that stock. finance or mort
gage company shares or something not
OF half the standard of the shares indi-
Gated for high grade bank shares and
for the first grade of listed shares, for
which there is always a market
When you are approached shoe them
away, but If you are tempted ask your
banker or the Better Business Bureau
Aid for Washington Chapter.
washington Chapter, American Insti-
tute Of Banking. is sadly in need Of as
sstance. The youthful bank employes.
some not so youthful, have invited dele
gates to the A. l. 3. convention in Bal
timore to stop over in this city next
Friday, and the invitation has been ac-
cepted by some 1000 people Now the
entertainment of 1900 people involves
much trouble and expense
Tney want to see Mount Vernon. the
local entertainers want that they should ::
also that they should have a luncheon
and that they may visit Arlington.
In aid of the latter they would be
greatly obliged to the bank officials,
bank directors and friends generally
who will lend their autos for an hour
or two next Friday afternoon, or
drive their own cars with three or
four passengers.
The girls and boys of the chapter
are worthy of assistance in this re-
spect and J. c. Dulin, at the American
Security and Trust Company, will di-
rect you as to how you may render it.
The Msdweek Luncheon.
At last Wednesdays bankers
luncheon there were present repre-
sentatives of the American Security
anu II uSt SolHpdHy, munSey trust
Company. Merchants Bank and Trust
Company. National Metropolitan.
Commercial, Second. Farmers and
Mechanics. Lincoln, Liberty and Fed
eral-American National Banks, Nc
Lachlan Banking Corporation. Bank
of Commerce and Savings, Security
Savings and Commercial and of the
Washington Savings Bank and w,
B. Hibbs & Co.
Among these representatives were
the officers and many of the members
of the executive council of the Dis
trlct of Columbia Bankers Associa-
tion There were many reports of
successful and unsuccessful attempts
to separate banks from cash and
every time a crooks name was read
there was a general noting Of the
name in memoranda books that
further attempts along the same line
might be checkmated
But this is a very small part of the
value of these weekly gatherings.
The meeting of bankers, the estab-
lishment of cordial relationship, the
discussions anent this and that sub
ject-not for publication and there
fore not referred to-and the com
mingling together over the cigars
and coffee cannot but make for more
cordial relations, and the bank that is
not represented at these hourly gath
erings is actually losing an advantage
of merit and value.
The luncheons, held at the City
Club on Wednesday at 1 o'clock. are
open to any and all bank officials.