The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1925-07-23
BANK|NSTTUTE
CONVENTION
PRAISED
D. c. Delegates to Kansas
City Meeting Report Profit
and Enjoyment Gained
By RICHARD HATTON

BY RICHARD HATTON
Members of the District of Co.
lumbia Chapter of the American In
stitute Of Banking who have just
returned from the annual conven-
ton at Kansas City are enthusiastic
a over the beneficial results of the
meeting and the exceptionally
pleasant trip through the Middle
West, which was enhanced by the
cordial reception and entertainment
accorded the Washington delegates
at Cleveland. st. Louis and Kansas
City
OF especial significance, according
to members of the Washington
chapter who attended the conven-
ton sessions, were the discussions
on the subject Of improbable ac-
counts. This is a matter which is
receiving the most careful considerA-
ton Just at present in financial
circles here, and the timely and en-
tightening discussions at Kansas
City but served to emphasize the
statements and conclusions so ablx
arrived at during a consideration q
the same subject at the convention
Of the District OF Columbia Bankers
Association at Hot Springs, Va. j
Subjects Discussed.
Other banking subjects discussed
at Kansas City were trust functions.
and. under this head. papers were
read upon life insurance. trusts,
escrows and the internal administra-
( ton of trust departments. Con-
ferences were also held on bank
administration. credit and personal
service. Jesse r.. CLANCY, of the
Commercial National Bank Of Wash
lngton, read one of the most en-
tightening and logical papers heard
at the convention on the subject
of Credits,
In the discussion of the question
Of free service by banking institu-
tons and of Improbable accounts
In general the trend Of the argu-
ments was that the greater part Of
the free service rendered the public
by banks was unappreciated and
Improbable to the bank. Many
banks, it was stated in the discus
sion. had found, after careful an.
alysis. that much of the free accom-
mediation which they gave their
customers was furnished at a de-
cided loss to the institution. The
point was brought out also, that,
as, very general rule, customers
ana others who took advaptagesof
this expensive banking service did
not appreciate it and that il had
no advertising value to the bank.
The present tendency toward a
Capitalization of industry was dis
-cussed at the convention by Doctor
II. A. Morgan, of the University Of
Tennessee. He urged that efforts
be made to combat the present ten
dency to center industrial plants in
certain localities. He stated that
the present trend toward such cen
tralization was working to the dis
advantage Of the agricultural COM
munities.
Hospitality Praised
Members Of the local chapter of
the Institute were unanimous in
praising the hospitality accorded
them in Kansas City where, they
state. they were praeA cally given
the freedom OF the city and were
overwhelmed with. attention. The
Washington delegates travelled 10
and from the convention in al
private car and managed to make
the trip one Of the most pleasant
on record. Washington banks rep
resented by delegations were the
Farmers and Mechanics National
Bank, Riggs National Bank. Ameri-
can Security and Trust Company,
Federal American Bank, Washing.
ton Loan and Trust Company, Sec
ond National Bank and the Mt.
Rainier Bank.
The Washington Chapter of the
American Institute of Banking is
one Of the most successful in the
national organization. Bank Off
Gals in general are enthusiastic
over the benefits derived by younger
members of their staffs through
tneIr connection with the institute
and every assistance is afforded
those Of the junior officials who de-
sire to avail themselves Of the edu-
cational courses offered by the in
stdtute.
I.esLI1zing the potency of the SUD-
port given them by their banks,
members of the organization - are
giving the closest attention to the
studies and courses made available
through membership in thu insti-
tute and the coming winter season
OF instruction here promises to find
the local chapter larger than ever
before. When it is considered that
the students of To-Day VIII be the
leading Washington bank officials
Of tomorrow the great importance
Of the training they are now res
Chewing through the courses pro-
vided by the American Institute of
pa nkfnn will he rnaIiznd