Evening star., 1925-04-09

between builders and financial insti-
tuuons of the District of Columbia
Not n Party to Move.
-. In further reply to the question.
the Security Savings and Commercial
Bank begs to inform you that 1t is
not party to any plan nor Is It
a party to the proposal to refuse to
loan money for building enterprises
based on the amount of wages paid
to mechanics performing labor on
same
"3. In conclusion, for the informa-
ton of the Washington Central Labor
Union, our institution does not make
building loans
JULIUS I. PEYSER, President"
Potomac Savings Bank-"In response
to your registered letter just re-
ceived. you are advised that we have
had no occasion to discuss the matter
in question g.. =. H. w. OFFUTT.
= E-s' president"
MeLachlen Banking Corporation
''I wish to acknowledge the receipt OF
your registered letter, and in reply
thereto wish to advise you that this
institution is not in favor of any ac-
tion, by any group. that would be in
any way detrimental to the best in
terests of the city of Washington.
"L. P. McLACHLEN."
Continental Trust.
Continental Trust Co-"Replying to
your letter, without date but re-
ceived by us this morning. we beg to
say that no such proposition with ref
erence to building contractors men
toned in your letter has ever been
submitted to US, and we know moth
ing about 1t.
Naturally We would be careful and
conservative in making loans on un-
improved real estate, and take into
consideration cost upon same.
I'VE appreciate what you say re-
garding merchants, banks and work
ing people. and we hope the question
at issue between you and building
contractors can be settled satisfac-
torily to the best interest of all par
ties
WADE H. COOPER, President"
A similar reply was received from
the United States Savings Bank, with
which Mr.. Cooper is also connected.
Proposal Not Considered.
/, East Washington Savings Bank
'"The proposition set forth in your let =
ter, addressed to John f. Yost, presi-
dent of this bank, and received by
registered mail this day, has never
been presented to this bank and
would not be for one instant consid-
cred If 1t were.
&c. A. MCCARTHY, Sect Treas"
Departmental Bank-"You arc ad-
vised that no one has been approach
ed by us in connection with the mat
ter as set forth in your favor, April
6. 1926, relative to the action of finan-
cial institutions in reference to wage
matters.
DeposftorS Wage Earnerxs
"Our depositors and stockholders
are made up entirely of wage earn
ers and departmental employ es; hence
we will not lend our support to any
action that will stand in the way of
their welfare.
~ r. EXNICIOS, President"
Washington Savings Bank-"Reply-
ing to your letter, not dated, received
April s, addressed to Mr. Thomas E.
FARRELL, president of this bank, this
bank makes no building loans what
ever and has not been approached
directly or Indirectly, and knows
nothing whatever of any action or
movement having for it's purpose re-
fusaI Of loans whatever, and has not
been approached, directly or indi-
rectly, and knows nothing whatever
of any action or movement having
for it's purpose refusal OF loans for
building enterprises based upon the
wages paid to mechanics or other
wise.
|, ~. D. LEONARD. Vice President"
Friendly to Labor.
International Bank-'In reply to yc,ss
undated letter, which was just re-
ceiyed, we are pleased to advise that
the attitude of this institution to-
ward labor can be best judged by the
fact that one of our directors is Mr.
w. F. Milligan, president of the In
ternational Association of Railway
Supervisors of Mechanics. with head.
quarters in Chicago.
.fYou will also note the name of Will
liam Jett LAUGH, whose attitude to.
ward labor is too well known to ne ed
any extended remarks.
'tAlI our directors are friendly to
labor. The International Bank deal,
largely in investment securities and
| for it's prosperity looks to happy, con
tented people, who by thrift and fru.
eality are able to accumulate q re.
serve to provide for old age.
| 'It is the fixed policy of this institu-
ton to do everything in our power tt
! assist labor in every way possible and
to prevent any misunderstanding be.
! tween capital and labor.
JOHN r. WALLER, President
Farmers and Mechanics National
| Bapk-"Your communications without
kdate, sent under registered cover, was