Evening star., 1925-06-24
DISTRICT BANKERS
TO HEAR MONDELL
Finance Corporation Member
Substituted for McFadden
on Convention Program.
BY CHAS. p. SHAEFFER.

Frank w. Mondell member of the
war Finance Corporation, will be the
principal speaker at the 1925 conVen
ton of the District Bankers Associa
llon, beginning tomorrow morning a
Hot Springs, Va. Mr.. Mondell was
substituted for Representative Nc
fadden, originally scheduled to eluci-
date his banking bill, but who default
ed at the last moment.
Mr. Mondell will address the con
claVe on Federal Tax Reduction
ana Reform" a talk which carries
lnnnlteiy more appeal due to the fact
that every banker on the outing IS
already thoroughly conversant with
the provisions of the solon's proposed
measure. Then, TOO, the subject Of
taxes and tax reform is a topic a.
this particular moment which gives
10 the discussion added interest
Mr. Mondell IS a former member
OF congress from Wyoming and was
the Republican leader Of the House
tie was permanent chairman of the
idst Republlcan national convention
held at Cleveland
Ready for Convention.
Every arrangement looking TO the
convention has been completed. and
tile main delegation, NUMBERING, 200
strong. will leave Union Station 70
ilght at $50 o'clock in a special Pull
man train. An advance guard de
Parted earlier in the day, availing
themselves of the scenic opportunftz-
Date Of the convention was adroiti,-
selected. The financial sky is clear.
common sense rules the Government
mere at Washington, W business is good
money Is easy and a falling thermoru-
eter Is promised. why worrv?" the
delegates say.
business sessions will be restricted
70 one a day, held in the forenoon.
GoiI' tennis. swimming contests Will
claim majority of the delegates Of
noth sexes. while bridge parties have
also been arranged for the tendereS
gender Dancing and other forms off
amusement viii occupy the delegates
evenings.
The convention will return TO WASH
inston early next Monday morning.
Dividend Declared.
Director Of the National Bank Of
| Washington today declared the reru-
| lar sem1-annual dividend Of 6 Der. cent
payable July 10 stockholders Of
| record June 80.
The sum of $4,000 was also trans
| ferred from undivided profits 10 sur
plus, making capital and surplus
| 81 $50 600.
We" magazine Appears.
! statistics, a new pocket size
magazine on the market. devoted to
statistics OF stocks, bonds, provisions.
grams, cotton, coffee, sugar and cot
| tonseed oil, has made its local advent.
| Inc various exchange lists are in
Guided, arranged with most essential
Information on single line.
All data included is taken from Off
cial records: and will be revised
monthly The initial issue is com
mendable.
Second National Votes Extra.
Directors Of the Second National
Bank today declared the regular semi
annual dividend Of per cent, and. in
ADDITION, an extra of i per cent. both
payable on July l, TO stock of record
June 26. This institution is capital
lied at 100000. with surplus Of 5000
| 600 and undivided profits of approx.
mately $50 900.
Trading on Local Board.
A firm tone without price changes
ruled on the local stock exchange
| this morning. Transactions covered
! a goodly portion of the list, with at.
| tention, as usual, centering on utility
| issues.
| Gas and Capital Traction stocks.
both of which have staged a recovery
| In recent weeks, maintained their
strong positions, the former selling at
| 6O%s and the latter at 995s. Six shares
| OF Railway common brought 1919.
and Lanston was active at S312 Five
shares of Railway preferred eased of
to S37s. and two shares of Riggs
| moved accordingly to 352
Bonds We're strong and unchanged.