The Washington times., 1925-11-04
NK|NSTITUTE
ENROLMENT
IS HEAVY
Best Year in Existence Is
Presaged. With Ats Now
Entered in Glasses
Rx RICHARD HATTON

My AeNOAAfAA~0 AA%A ~.
The present season promises to be
the most successful in the history
Of the local chapter of the Amer
lean Institute of Banking with
greatly increased interest in the
educational program of the organi-
zaiion and especially competent lee
trrers in the several courses. The
enrollment this year is 47S. which
8 one-third greater than ever be-
fore recorded in the twenty-five
years of existence Of the Washing
ton chapter.
The value Of the institute courses
Is especially emphasized by the fact
that many who have been engaged.
In bank work Tor twenty years or
more, including some of the most
prominent officials in large Wash
4ngton banks. are enrolled, especial
~ in the classes in banking funda-.
mentals and in public speaking.
Practically every financial institu-
ton is cooperating with the in
6titute and nearly every bank is
represented in the present student
body. The number of hours per
week for each class has been in.
crsased and the courses now con-
form to the standard Of the ma.
fional organization of the American
Institute of Banking. At least one
class meets every night in the
week with the exception Of Satur-
usy and Sunday and on some
Nights. there are two or three
CLASSES in session
The interest being manifested by
both students and Instructors is
greater than ever and the courses
win continue until after the first Of
<rSf
attracting general attention this
7ear are, banking fundamentals,
commercial Law. negotiable irstrt-
caents, accounting and credits and
Investments. Each Of these Is sub.
divided into number OF specific
subjects all Of which bear directly
upon necessary banking education.
The r. n. Smith Company is
offering & new issue OF S1,250. 600
3 per cent first mortgage coupon
gold bonds, secured by the land,
building and equipment OF the
Boulevard apartments, on New York
avenue northwest, between Twenty
first and Twenty-second streets, rum
nfng through to y street.
The site contains 1858 SQUARE
feet, fronting 10 feet on New York
avenue and Ia feet on d street,
Witt an average 50CPll Okf q lCCls
The building Is to be an eight story
ana basement fircproof structure OF
concrete and steel, containing 224l
apartments.
The property Is Appraised at
81 900 600. Monthly deposits into q
sinking fund, provided to take care
Of serial maturitiee, viii reduce tie
mortgage to $S30,00O before ire
Glnal maturity.
The. bonds are being offered to
yield z per cent.
President Joseph Echiavone, OF
the international Exchange Bank,
has returned from q business trip
to New York and New Jersey. Mr..
Echiavone was prominent In Dem
. ocratic political effairs in New
Jersey before locating in Washing
ton and continues to keep In close
touch with political matters in his
old State. He is lending his still
powerful influence to the candi-
dacy Of A. Henry More In the New
Jersey gubernatorial race.
Z Boyd Taylor, vice president OF
che Washington Loan and Trust
Company, is back at his desk after
q rest necessitated by an injury
sustained while playing golf.
John NJ. Riordan, cashier of the
Bank Of Commerce and Savings,
Ii serving on the grand Jury.
Frank Owings, assistant cashier,
e in charge Of Mr.. Riordan,s work
during his absence.
William R. Baum, vice president
Of the Mt. Vernon Savings Bank,
returned today froms,a months va
cation. Mr.. Baum is greatly i'm
proved In health after an interest.
Ing trip south.
An increase of B5 per cent in
deposits has been registered by the
First National Bank of Mt. Rainier
since its reorganization last May.
The bank is leading the community
in rapid development and is q de.
cided factor In the upbuilding Of
Mt Rainier. The officers of tina
bank are Doctor w. B. Spire, pres
ident; z. H. Shinn and r. E. Joyce,
vice presidents, and Clarence Shafts,
cashier. The regular meeting OF
the board Of directors will be held
next Tuesday.
The value of international bank.
ing institutions is indicated by the
Canada, which has over 100
branches, established in such coun-
tries as Cuba, Haiti, Brazil, Argen.
tine, Costa RIGA and Honduras. and
Is able to render wide and varied
commercial service to its clients
without going outside of it's own