The Washington times., 1925-04-09
D|SAVOW
LABOR PLOT
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policy contrary to their interests.
Your summary demand for in
formation as to our status savors
rather OF blaclxlisting policy which
you are SO prone to condemn in
others and which will not material
ly aid in the furtherance of your
progress"
Doesn't Fear Groups.
Edward Stellwagen, president,
Union Trust Company: ANSWER
ing your circular letter without
date. desire to say that the Union
Trust Company will continue along
its established lines of sound trust
and banking direction, uninfluenced
by any interference or threats
from group, class or combination"
Milton E. Allies, replying for the
Riggs National Bank and the North
west Savings Bank, recently ab-.
sorbed by the former: II beg to
advise that we have heard OF no
effort on the part of Washington
banks to refuse loans on account
Of any contemplated increase in
wages. So far as the Riggs Ma
tional Bank is concerned, 1t treats
every application for a loan which
comes before 1t for consideration
strictly on its merits
John II. Waller, president Inter
national Bank: "All of our direc.
| tors are friendly to labor.
It is fixed policy of this institu
| ton to do everything in our power
TO assist labor in every way pos.
sible and to prevent any misunder.
standing between capital and labor.
Conserves City's Interests.
c. A. Mccarthy, secretary-treas-
urer, East Washington Savings
Bank: 1.-THE proposition set forth
in your letter has never
been presented to this bank and
would not be for one instant con
sidered If 1t were.'
Lanier p. McLachien, president,
McLachlen Banking Corporation:
This institution Is not in favor of
any action by any group that would
| be in any way detrimental to the
best interests of the. City of Wash
ington."
Discussed Question.
Henry w. Offutt. president, Po.
| tomac Savings Bank: "You are ad-
| to discuss the matter in question"
J. T. Exnicios, president, Depart
mental Bank: Our depositors and
! stockholders are made up entirely
OF wage earners and departmental
| employees Hence we will not
lend our support to any action
which will stand in the way of
their welfare"
| William r. Baum, vice president,
Mt. Vernon Savings Bank: "This
bank has not in any instances
based its services ON any under
standing or arrangements with any
| contractors or employers, as be-
tween themselves and their en-
ployes. We have not, at any time,
discussed with contractors the
| question of increased wages to
their employees, and have no
arrangement with any of them
touching this question:
Contrary to Policy.
George L. Starkey, president, Ma
tlonal Bank of Washington: 1--WE
| beg to advise that all loans made
by the National Bank of Washing
ton are made without prejudice to
| any interests
Five banks stated it was con.
trary to their policy to make build
ing loans.
The letters containing these state
| ments were received from George
Q. Watson, president, Liberty Ma
tional Bank; John B. Cochran, presi
dent, Franklin National Bank;
Harry v. Hayes, Farmers and
Merchants National Bank; II. II.
Mckee, president, National Capital
Bank, and Julius l. Peyser, presi
dent, Security Savings and Com
mercial Bank
Thomas H. Reid, 1416 F street
northwest, the first boss painter to
sign the new wage agreement, was
Joined later in the day by Rarr and
Company, 1905 Windon place north
west, and the w. p. Nelson Corn
pany, of New York, which Is work.
ing on the Mayflower Hotel addi-
ton. The Nelson Company pays the
New York union scale of $1O.5O a
| day. The local scale is $40.
II CaIIiher Nathan Nondroar