The Washington times., 1925-04-13
INSTITUTE HAS
BIC FIELD IN
/ BANKING
Membership of SIS, 900 Now in
16o Chapters Is Studying
Finance Principles
BY RICHARD HATTON.


That the present age of speciall-
Ration in science, business and the
Professions has had its effect upon
emodern banking conditions is IN
dicated in the organization at the
beginning of the present century
OF the American Institute OF Bank
ing, a section of the American
Bankers Association. The Institute
il, In fact, q great American bank
ing university or postgraduate
school, and some Of the foremost
bankers in the country are proud
to look upon it as their professional
alma mater.
The Washington Chapter OF the
American Institute of Banking was
ORGANIZED in 1901 by a handful OF
local bank clerks who are now
senior officers in some Of Wash
ingfon's most prominent banks.
The present officers of the local
chapter are: H. w. Burnside, Of
the Farmers and Merchants Ma
tional Bank, president; r. Jesse
Clancy, of the Commercial Nation
al Bank, first vice president; r.
Hunton Leith, of the Security Saw
ings and Commercial Bank, secre-
tary; Joseph D. Yerkes, OF the
Federal American Bank, treasurer;
william d. Winstead, of the Ma
tioral Metropolitan Bank, assistant
secretary. and Garrett NJ. Va Hoe
SEN. Of the Second National Bank,
chief counsel
Fhe board Of governors consists OF
= Rafael Del c. Calvo. of the Liberty
National Bank; Miss Lois A. White,
Of the Federal American National
I Bank; Miss Florence M. Wfller, OF
Riggs National Bank; James C.
Dhnlin, jr., of the American Secur-
ity and Trust Company; John T..
Fietchall, of the Potomac Savings
Bank, and George Shisler, of the
Security Savings and Commercial
Bank.
Advisory Committee.
There is, also, an advisory com
mittee Of prominent washington
bankers, H. w. Burnside, of the
Farmers and Mechanics National
Bank, chairman; Harry v. Haynes,
president of the Farmers and Mer-
chants National Bank; Victor V.
Deyber, president of the Second
National Bank; Joshua Evans, jr..
vice president of the District Ma
ttOnal Bank; #. G.. Addison, vice
president of the Security Savings
and Commercial Bank; e. ]. NC
Quade, vice president of the Lib
erty National Bank; w. ]. Weller,
vice president of the Federal Amer
lean Bank; c. D. Boyer, cashier OF
the Federal American Bank; W: A
Dexter, manager of the Washing
ton Heights branch of Riggs Ma
tional Bank, and James G. Dulin,
assistant treasurer of the American
Security and Trust Company.
The annual meeting and banquet
of the organization viii be held In
Kansas City next July and the
washington Chapter will send thirty
= delegates who win be elected 1T a
meeting to be held on April 20
The winners of the annual essay
contest Of the organization, which
=. now underway, will be given
trips to the annual convention Of
the District of Columbia Bankers
Association at Hot Springs, Va.
in July, where their papers viii
be presented before the convention
Great interest is being manifested
In this contest and 1t Is expected
that a large number of papers Gov
ering the subject of Opportunities
For Employees to Gain New Bust
ness and Create Good Will for -h'
Bank" will be turned in to th'
president of the District of Column
bia Bankers Association, Victor B
Deyber. president of the Seco II
National Bank, by the expiration o
the time for submitting articles
which is on May Is.
President Burnside, discussing the
American Institute OF Banking to
day. said:
Purpose of Institute.
1.-The American Institute Of Bank
az is one of the largest and most
nique educational institutions IN
ne world and the causes and con
EDITIONS that led to it's development
are interesting. In the early days
bank was an institution for the
reception and deposit OF money, the
actual money being withdrawn in
person when needed. A modern
bank is. however, primarily a credit
institution. or credit factory
dealing principally in the various
credit instruments modern finance