Evening star., 1925-03-08
BY CHAs. p. sHAEFFER.

Virtually every bank in Washing
ton is represented by two or more of
its officers on the general committee
in charge of arrangements for the
1925 convention of the District Of CO.
lumbia Bankers Association, which
has just been appointed by w. J. Wal
ler. general chairman.
This committee will hold It's initial
meeting tomorrow afternoon at 4
o'clock at the headquarters of the
Bankers Association in the Masonic
Temple. when Chairman Waller will
submit plans thus far outlined and
proceed to the appointment OF the
various subcommittee chairmen who
will have charge of the vast amount
Of detail work incident to the con-
vention.
1t is certainty the committee will
approve the recommendations of the
council OF administration that the
convention be held at Hot Springs,
Va, from June % to 2S. inclusive. The
Washington bankers have held two
annual conventions at this popular
resort and have been we'll pleased
with the manner in which they have
been accommodated.
Referring to the benefits derived
from these conventions. Chairman
Waller pointed out that a number OF
marked improvements in the method
of handling the daily routine in the
local banks have been brought about
as a direct result OF cooperative
study of banking problems at the
previous conventions. He expressed
confidence that the forthcoming con-
vention will prove no less productive
of constructive results than have the
previous ones.
Committees Personnel.
The personnel OF the general con-
vention committee is as follows: w.
j. Waller. vice president of the Fed
eral-American National Bank. chair
man; Boyd Taylor. vice president of
the Washington Loan and Trust
Company, vice chairman: Charles j.
Bell and Corcoran Thorn, president
and vice president. respectively, of
the American Security and Trust
COMPANY; Maurice Otterbsck and j.
Frank Campbell, president and vice
president. Anacostia Bank; NJ. D.
Rosenberg and John NJ. Riordan,
president and cashier, Bank OF Com
merce and Savings; L. E. Breuninger
and Fernand Petit, president and
cashier OF the Citizens Sayings Bank :
Frank ]. Stryker and Arthur N.
lumbia National Bank; James II.
Baden and Lawrence A. Slaughter,
vice presidents of the Commercial
National Bank; Wade II. Cooper and
Hugh w. Barr, president and treas
urer, Continental Trust Company:
Eugene E. Thompson and Y. E.
Booker, jr., Crane Paris & Co.; J.
T. Exnicios, president. and Raymond
B. Dickey, director of the Depart
mental Bank; Col. Robert n. Harper
and Joshua Evans. jr.. president and
80 to- Ne
tional Bank; John C. Yost and
Charles A. Mccarthy. president and
cashier OF the East Washington Saw
ings Bank; Harry V. Haynes and ii.
L. Selby, president and cashier,
Farmers and Mechanics National
Bank; william T. Galliher, John
Poole. Charles d, Boyer, chairman of
the board. president and cashier,
Federal-American National Bank;
Hickman, president and vice presi-
dent, Franklin National Bank; w. B.
Hibbs and w. w. Spaid of w. b.
Hibbs & Co, John r. Waller and A
c. Waller. president and vice president,
International Bank; Joseph Schia-
vone and Louis Rosenberg. president
and vice president, International Ex
change Bank: George o. Watson and
E. J. McQuade, president and vice
Floyd E. Davis and W. NICK. Stowell,
president and assistant cashier, Lin
coin National Bank: l.. p. McLachlen
and Archibald McLachlen, president
and secretary McLachlen Banking
Corporation; p. A. Drury and L. W.
Popkins, president and vice president,
Merchants Bark and Trust Company;
William Muehl eisen and William r.
Baum. president and vice president,
Co
Pope and Wilton ]. Lambert, vice
presidents, Munsey Trust Company:
James Trimble and J. Frank White,
vice president and cashier, National
Bank of Washington; H. II. Mckee
and Fl. c. Steuart, president and
cashier, National Capital Bank;
George W. White and c. f. Jacobson,
president and cashier. National
Metropolitan Bank; Charles c. Lam
born and E. Percival Wilson, treas
urer and secretary. National Savings
and Trust Company; Theodore Mich
ael and 3. l. Grove. president and
vice president, North Capitol Savings
Bank: George F. Hoover and w. r.
Lewis. vice president and cashier,
Northeast Savings Bank: Francis NJ.
Savage, president, Northwest Savings
Bank: Walter Fl. Klopfer and George
A. Provost, vice president and coun-
sci, Park Savings Bank; Henry ".
Offutt and r. A. Bowles, president
and vice president. Potomac Savings
Bank: C. C.. Glover, Milton E. Allies
and Robert v. Fleming, chairman of
board. president and vice president,
Riggs National Bank; Samuel ].
Prescott, Victor B. Deyber and F. w.
Mckenzie, chairman of board, presi-
dent and director. Second National
Bank; Julius I. Peyser and Francis c.
Addison, jr.. president and vice pres
ident. Security Savings and CONNER
ciaI Bank: August II. Pluggee and
John D. Howard, vice president and
cashier, Seventh Street Savings Bank;
Edward J. Stellwagen and E. B. Olds,
president and vice president, Union
Trust Company; Wade H. Cooper and
William r. DeLashmutt, president
and vice president, United States
Savings Bank; John Joy Edison, John
p. Larner and Harry G. Meem, chair
man of board. president and vice
president, Washington Loan and
Trust Company; Ezra Gould and r.
H. Bagby. president and vice presi-
dent, Washington Mechanics Savings
Bank; Thomas E. FARRELL and John ID.
Leonard, president and vice president,
Washington Savings Bank.
Income Tax Bond Ruling.
The Treasury Department recently
issued an income tax ruling. which
will affect the payment OF interest on
corporation bonds with tax covenants
which specifically except the income
tax.
This ruling Is Of general interest
1t appears in the Internal Revenue
Bulletin of December 20, 1924. page
13. The ruling construes Section 22l
(b) of the revenue act of 1921, which
makes provision for payment at the
source of the tax of Q per cent re-