Evening star., 1925-07-05

| y " g
| figures anyway.
OF these figures, requiring the clos.
est study and research, the least that
| can De said Is that they were confirm
atory in the fullest sense of the analv.
ses OF accounts made last year by
| w Inner J. Waller. They demonstrated
| beyond the sdlightest doubt that small
accounts, even If active, are expensive
iuXurles in banks. If practically dor.
mant there may be expenses, with a
sclntllla of profit in an average de.
| post OF 500, but it is the big accounts
not abnormally active, that return
the profits that feature Washington
I banks
But Washington is different in
many respects from any other cities.
one of the largest banks in the Cit,
| opened a checking account for q
young lady on an initial deposit OF
| Sll and was glad to do It,
Ihat young lady's father" said
an on1clal, has a dozen deposit ar.
counts in this bank and the total te.
| poslts run up in the tens of thor1s-
ands. 1t is not at all IikeIv that va
would do as much for any one else.
! that Is, accept an initial deposit Of Sl1.
! but before we turn down any wouId.ba
deposltors we want to know all abora
their connections. 1t is a necessity in
this city Perhaps ] should have said
AhSAcdu OI connexions
Surprise to Bankers.
1t was a surprise to many BANKERS
who heard Gov. Seay, to understand
that the gentleman was not in favor
of the MacFadden measure in all Of
its details. He urged that the branch
banking subject be omitted from the
! Dill and made a special matter. so as
| not TO further hinder its passage He
| also 0nnnS6d tho TnGca1i--
serves to be carried in the Federal
reserve banks, urging that the safety
OF the present percentages be main.
| tanned.
Federal Reserve Banks in order ia
| earn the per cent which they must
pay TO their shareholders, the M.
| uonal banks of the country. must
have large funds to be used buyins
paper. government and other invest.
ments on which to make money,
The reserves and the stock subscrip.
uons furnish also the cash for re.
dlscounting. But in these days of easv
money and limited borrowing. when
the banks find it difficult to keen
FUNDS fully employed, there is most
restricted rediscounting.
If national banks may buy a saw.
lngs bank, nationalize it and then
merge, there should be a method by
which branch banking might be &C.
comphshed legally and without beat,
ing around stump TO do it.
Mrs. John D. Rockefeller, ir.. and
her sens enjoyed the family dinner
and on Sunday called on Mrs. Victor
Deyber TO express her appreciation Of
the privilege of being a guest at s,Ich
"a perfect affair."
President Deyber introduced a mum.
Der of innovations during the conyen.
tlon' including a reception on Thurs.
day evening TO the members and
guests of the convention by the of
f1cers and special guests of the oc.
casion. This followed a dinner bv the
officers of the association to the
guests of the organization.
Mr.. Rockefeller held an impromptu
reception in the foyer of the Home.
stead on Saturday evening. srs
Judge Mary O'Toole was charming
guest OF the association: She was
very democratic and a welcome guest :
at many teas and at all functions.
Lawrence 0. Slaughter, chairman
OF the hotel committee, had his own
troubles over unsatisfactory assign.
ments. He was ably assisted by
George o. Vass as were all other
committeeman who found themselves
in trouble. sHf
Howard Moran Some Spinner.
Howard Moran, winner of the Ed
Mclean cup for top spinning, was
decidedly eiated at the disqua aIiica-
tion of Ross Pollock. one of the en-
ployes of the American Security
Trust Co., who had been declared ths
winner and then eliminated as. not
eligible. Mr.. Moran threw his tou
with great force. just as he did On
Seventh street in the early DAYS Of =!
the city, and was rewarded by a spfu
of i minute 8 1-5 seconds by Peter
sons split-second timepiece nee
Mrs. Y. +. Booker showed great
skill in the putting contest. eliminat-
ing several ladies who have PLAYED
long and often.
George o. Watson, president of the
Liberty National Bank. was con-
spicuous by reason of his absence
his first offense in seven conventions
r. Golden Donaldson and family
were in attendance on their first con-
vention. Mr.. Donaldson is the pic.
ture of health and good nature
Ralph w. Lee, a Federal-Americau
director, motored down with his
family and had a fine time.
w. w. Spaid moved gracefullv
from secretary to second vice pres.
ident just as Robert v. Fleming like
wise assumed the post of secretary
and joined the annually ever NOV.
ing-up procession.
Miss Grace NJ. Bromley, assistant
secretary of the association (she doe.
all the real work., was given a splen.
did welcome when she presented her
annual report. Miss Bromley wat
made much of.
1t was Victor B. Deyber's conven,
tion and right gracefully did he dC
all there was for him TO do. settin1 v
pace that win be hard for his sue.
cessors to follow.