Evening star., 1925-06-21
Street Railway Fores Here
Probably at Their Zenith
Any Aduance Would Increase Bus Com
petition-Bankers Ready for Con.
pention-FuLI Program.

presidencies and into the chief execu
| tve's chair ready to succeed. pre-
pared fully for the work ahead.
victor Il. Deyber steps down and
out after this convention, while Frank
q. Addison. capable man, succeeds.
and Howard Moran, a splendid work
| er, steps into the vice presidency.
VIII Spaid, well liked and deeply ad-
mired, assumes the vice presidential
duties. while a new secretary will be
elected. Thus the training of officials
| Is continuous.
Full Convention Program
The. business sessions of the con-
vention, all Of which will be held in
the forenoon, follow, In order in their
| entirety:
First session. June %, $50 am,
victor b. Deyber presiding-"The
| Star Spangled Banner" invocation by
rather washington, appointment and
report OF committee on credentials
| roll call, opening address by Victor
b. Deyber, greetings from American
bankers Association, address by Hon.
Louis T. McFadden on Banking
Legislation Before Congress" dis
| cussion, led by Robert v. Fleming;
appointment OF committee on resolu-
tlons, presentation of resolutions with
out debate. appointment of nominal.
ing committee, announcements, ad
| journment.
Immediately after adjournment the
vice presidents for the District .of
Columbia of the various sections OF
the American Bankers Association n
Will convene their respective sections,
namely: Trust company. savings bank
| national bank. State bank.
Second session, June rs, $40 am,
Ii
Invocation by Rev. DR.. Ward, roll
| call annual resume of the activities
of Washington Chapter, America n
Institute OF Banking, by Harold w
! burnside, assistant cashier, Farmers
| and Mechanics National Bank past
president. Washington Chapter, Amer
| lean Institute Of Banking) address by
George j. Seay. governor. Federal
| Reserve Bank, N2ichmond, Va; essay
| contest. conducted by James c. Dulin,
| jr.. assistant treasurer American Sc
| curity and Trust Co.. subject: "Oppor-
| tunfties for Employers to Gain New
| Business and Create Good viii for
| the Bank; discussion, led bv Victor
| b. Deyber; report of protective com
mittee, presentation of resolutions
| without debate, announcements, ad,
! journment.
Third session, June 27. $50 am:
!
| ton by Father WASHINGTON, roll call.
Committee reports, discussion to fol
! low each Auditing committee, com
mittee on standardized banking in
| surance, committee on law and legis-
| lation, committee on commercial trade
activities, committee on relations
with the Treasury Department, COM
mittee on Improbable business.
| Recess-convening of American n
| 20 pk
!. mer j. Waller, vice president for the
| District of Columbia of the Ameri.
| can Bankers Association, presiding.
| Election of American Bankers AS
sociation-A vice president of the
| American Bankers Association, to
serve one year. to succeed Wilmer j.
| Waller: a member to serve on the
nominatin committee: an alternate
member of the nominating committee
! vice presidents for the District of
| Columbia. to serve for one year, for
| the following divisions: Trust com
| pany division, savings bank division
national bank division. State bank
| division. Adjournment, America n
| Bankers Association meeting.
| Reconvening of District associa ton
Victor B. Deyber, presiding: roll call
reading of the minutes of the last
| meeting. report of the secretary. re-
4 pun VI tnc IcpOfI Vi the
council OF administration. unfinished
| business, election of officers of the
! District of Columbia BANKERS Asso-
citation installation of officers, ad-
| journment.
Railway Dividends.
The 20 per cent declaration on the
common stock of the Washington
Railway and Electric Co, was dis
appointing to the few stockhold ers
| other than the North American Co
| contingent, which of course was sat
isfied-and probably dictated the
distribution. Some holders of pre-
ferred stock anticipated something
from the escrow fund, but their
chances were always decidedly slim
1t looks more and more as the days
go by as if the North American Co
| had acquired control of the Washing
(ton Railway and Electric Co.. and
with it the Potomac Elecrtic Light
and Power Co, owned by the former
by the acquisition of nearly all. or a
majority at least, of the $500 O0C
| common stock of the former corpo
ration. Not an expensive purchase by
any means. considering the fact that
s2,760,00 face value was purchased
around s61.50 a share and the rest
on the road up to the present high
point.
| Time alone will develop whether
or not the recent investigation OF
street railway conditions here will
further the street railway merger
proposition so much desired Nv fbo