Evening star., 1925-09-11
DISTRICT BANKERS {
START FUNCTIONS
Years Work Gets Under Way
With Appointment of Com
mittee Heads.
BY CHAS. =. SHAEFFER.

BY CHAS. p. SHAEFTER.
The District Bankers Association
began funCtioning in earnest this
morning following the first business
meeting Of the body's new admins
trative council yesterday afternoon
when Francis c. Addison. president
outlined the years program and
named committees that will carry on
the detailed duties of the association.
Under the guidance Of Mr.. Addison.
the association is planning a work
broader in scope than heretofore at
tempted. OF greatest importance TO
the public will be an attempt to reach
some agreement as to disposition or
treatment of accounts which are now
being carried either without recon-
pense or at an actual loss to the in
stitutiOn. Several years have already
been spent trying for a solution of this
city-wide problem, and the ensuing
months will undoubtedly see Mr.. Ad-
Olson presenting the case in all its
details and recommending that every
bank take the individual action IT sees
fit. II has been found that it is sheer
impossibility 10 secure concerted aC-
ton via the service charge.
Deyber in Charge of Probe
the association, will have charge of
the committee on trade activities,
which, since its inception two years
ago, has rendered valuable service, not
only to banks, but to business houses
as well. Assisting Mr.. Evans will be
Robert V. Fleming, Howard Moran.
Frank Stryker, a. NJ. Nevius, James
H. Baden, b. Agee Bowles, Charles
D. BOYER, Albert s. Galley, Frank L.
I I1T HnSkinSnn
w NARROW, Fred Mckee. Fernand
Petit, John NJ. Riordon, II. L. Shelby.
l.. A. Slaughter, ]. Frank White and
w r. Lewis.
Harry V. Haynes will head the pro
tective committee for the ensuing
year, and will be assisted by Charles
]. Bell, John 3. Cochran, Wade Coop
er. DR.. F. +. harrington. Robert Y.
Fleming, John Poole, L. +. Schreiner,
Frank Stetson and George O. Vass.
Robert V. Fleming will have charge
Of the body on Treasury relations, and
will be aided by Charles ]. Bell and
Wilmer J. Waller. Howard Moran
will be chairman of the committee
on standardized banking insurance,
the members of his body including
William Huehleisen. Corcoran Thom,
Wilmer J. Wallace, Joshua Evans, 1T-,
and Robert S. StunZ.
Committee on BUSINESS.
The committee on improbable
business for the year will be di-
rected by W J. Waller, who had
charge OF the work two years ago
The remainder Of this body consists
OF John Poole, \. NJ. Nevius, {. II.
Pope, Lanier 2. McLaChlen, B. Agee
Bowles, William r. de Lashmutt,
Maurice Otterback, Boyd Taylor and
l. A Slaughter.
Edward ]. McQuade heads the
committee on standard banking
forms, with Frank J. Stryker as his
lieutenant. Others on this committee
include c. F. Jacobson, John Howard.
L. +. Swan and Lanier p. McLachlen.
Fraudulent securities will be taken
care of by Eugene Z. Thompson.
aided by Joshua Evans, jr.; John
Poole, Robert v. Fleming, J. u.
Auditing committee for the year
will be unchanged insofar as its
chairman is concerned. John NJ.
Riordon, who has handled the work
for several years, will be in charge.
assisted by HiIIeary I. Offutt and
Charles H. Doing.
Trading on Local Board.
Railway common netted a further
decline of I points on the Washing
ton Stock Exchange this morning
At one time the recession from yes
terday's close totaled 10 points, to 155,
but a slight recovery in later selling
boosted the closing price to l5A.
Sales amounted to - shares.
National Mortgage and Investment
preferred was in good demand, a
total of $50 shares changing hands
at 9I4. the ruling level. Capital Trac
ton was firm at par and half, but
Riggs Bank advanced 3 points to 3S5
on sales of 80 shares. Lanston sold
at S412.
The bond list was neglected.
Discount Rates to Stand.
Secretary of the Treasury Mellon
has secuted the idea of contemplated
changes in Federal Reserve discount
rates and Is inclined to the belief
that such reports are idle rumors.
He states he has had no information
suggesting changes.
Bank Votes Dividend.
Directors of the United States Saw
ings Bank have declared their usual
quarterly dividend of ~ per cent.
payable on the 100000 capital stock
on September 30 This bank pays the
largest dividend of any local institu-
tiOn.
NaCatiOn1StS Return Home.
r. Golden Donaldson, president of
the Commercial National Bank, has
returned to his institution after sew
eral weeks rest at Hot Springs, Va.
Carl Robertson kurtZ, vice president
of Stroud, KurtZ & Co, has returned
after five weeks at Northeast Har-
Dor. Maine.
A c. Waller. vice president of the
International Bank. who has been
touring Europe during the, last sew
eral weeks, sails for home on Septem-
| Der Is.
Southern's Outlook Bright.
Hopes of Southern Railway common
shareholders for an increased divi-
dend were nullified yesterday, when
directors authorized only the regular
quarterly disbursement Of SIPS a
share. retaining for the present the IS
annual rate. President Harrison de-
clared the roads outlook to be good.
with 1925 earnings certain to exceed
those of 1924 by substantial margin.
On the basis of the showing so far
| this year, Wall Street estimated that
| Southern Railways 1925 income will
| be equivalent TO more than SIS IL