The Washington times., 1925-06-03
IS
LAUDED BY
BANKERS
Annual Gatherings Help Both
Profession and Public,
Say Leaders Here
By RICHARD HATTON.

That the annual conventions or the
District of Columbia Bankers Asso-
citation have been fruitful of con.
structive development in banking
procedure and of general benefit to
the banking public is the opinion of
leading bank officials of the city,
who are now preparing to attend
the seventh annual meeting at Hot
Springs. Va, next month.
These annual gatherings, said
President George White. of the,
National Metropolitan Bank. today
result in a closer acquaintanceship
between hank officials and in an
exchange Of ideas and in a mutual
understanding OF individual and col
lective problems which are decidedly
beneficial. The personal touch
which comes from the contact at
the convention is another element
of great value. Attendance at these
annual conventions is q fine thing
fos the young banker to begin and
q Constructive thing for the older
men to continue. Every bank in
the District of Columbia should be
represented, as all can gain some
thing from the convention.
Lauded by Colonel Harper.
eff there is no more direct bene.
fit derived from these conventions,
declared President Robert n. Har.
per, of the District National Bank,
''the building Of q closer personal
acquaintance among the employees,
f0HN a. IN IlnRQN0EnAn
asset of every bank, cannot help
being Of value. In addition to this
the convention gives an opportunity
for the officers and other employees
OF the banks to discuss in a formal
way practical questions that every
bank is forced to meet in some
form nearly every day. The dis
cussions always bring to light some
propositions which have been han.
died under difficulties by some and
easily by others.
''ThO annual conventions OF the
Bankers Association, said Presi-
dent Peter A. Drury, Of the Mer-
chants Bank and Trust Company,
have proved wonderfully effective
ID creating q mutual understanding
among those engaged in the bank.
ing business. They have, also, re-
0ullSQ IN y uSS1ucUsaGo C-
constructive effort along all bank
ing lines"
The benefits OF the discussions
and the papers read before the con-
vention were stressed by President
Floyd T.. Davis, Of the Lincoln Ma
tionaI Bank, who said that there
was no more effective means of
reaching cooperation In methods
and policies which were q benefit
to both the banks and the banking
public than through these annual
meetings, at which banking prob.
lens were effectively discussed
Work Constructive.
George o. Vass, vice president Of
Riggs National Bank and chairman
Of the program committee Of the
coming convention, said: THE Dis
trict Of Columbia Bankers Associa.
tion has accomplished some es-
sentiaily constructive work through
a policy Of friendly cooperation
rather than through competitive
methods. But, aside from the
actual business Of the convention,
the four days Of social contact be-
tween the officers and directors of
all the banks results In a permanent
acquaintance and mutual under
standing OF those problems common
to all financial institutions, which
y OF inestinlable value"
THE annual convention" said
Vice President Frank p. Stone. of
the Nationa: Savings and Trust
Company, brings men In the same
line Of business together on a
friendly basis that helps iInmeasur-
ably in the conduct of their business
relations aside from the many pleas
ures Of the outing" Mr.. Stone add
ed, laughingly, 1T demonstrates, al
so, that bankers, as golfers. are
good bankers"
Each year at the convention
declared Howard Moran. vice presi-
dent Of the American Security and
Trust Company, subjects of more
and more vital interest to members
Of the Bankers Association are dis.
cussed for the mutual benefit Of
those who attend. 1t il a splendid
thing to leaye business for a time
and to gather at some delightful
held and better acQuaintanceship
fostered. The discussions at the
annual conventions are of great
value, especially If the directors of
the banks attend and enter into the
spirit Of the meetings and the dis
cussions Of the problems confronting
bank officials"
Exchange Of Ideas.
A. c. Waller, vice president of
the International Bank, declared
that the exchange Of ideas and
the better understanding between
bankers resultant upon the annual
conventions is Of inestimabIe value.
as are the friendships developed
through contact with fellow men.
These annual gatherings" he added,
foster a cordial cooperation be.
tween bank officials which is In.
valuable in their business rela
tions."
Cooperation, not competition, is
the object of the successful bank.
err" declared e. H. Thomson, pub.
ltcity manager of the Washington
Loan and Trust Company, in
speaking Of the value of the an.
nual convention of the Bankers
Association These conventions.
through the exchange of ideas and
comparison OF methods and policies
have brought this about Manv of