The Washington times., 1926-05-07
Strike SELECT.
IN. DOUBT
81 RICHARD HATTON

too early to predict what economic
effect the present general strike
in Great Britain viii have upon
the United States.
IN some quarters it is thought
that the upheaval now stirring all
England will be but q temporary
disturbances and that the influence
which 1t will exert upon business
and industry in the United States
win, in the long run, be practically
MI.
There is another school Of opdn-
ion in Washington, however. which
holds that the present crisis in Eng
land Is the result Of long con-
tinuation of unsatisfactory condt-
tons brought about and maintained
by the arbitrary attitude Of labor
on one hand and the equally
arbitrary attitude OF the employers
on the other hand.
According to the proponents OF
this view there may be q settle
ment Of the strike within a few
weeks, in which case very little
effect will be FELT in America at
present.
However, this same opinion as
Eerts that any early settlement
viii be only Of q temporary nature.
It was pointed out by student
OF economic conditions and the In
fluences that effect them today
that, In many respects, the United
States Is following the British policy
Of over-developi its foreign In
vestment, and exploitation. to the
neglect Of home resources and that
far too much money is being sent
abroad which might better be en-
ployed in upbuflding national indus
tries and developing national sources
OF wealth to the end that all classes.
capital, labor and the great middle
: class OF investors, profit.
There are abundant funds seek
ing investment as well as an abund-
ance OF credit within the reach Of
those desiring to place capital.
The personnel Of the class In
banking fundamentals Of the Wash
ingfons chapfer OF the American In
8titufs OF Banking, under the Lead
eFsl1lp Of Eliot H. Thomson. Of the
Washington Loan and Trust Conn
many. the final examinations Of
which win be held next Tuesday, Is
especially noted in the A. i b. or
sanitation for its size and the very.
lhrge number Of older bank clerks
men and women Of many years Of
banking experience, making up its
membership. This Is the largest
class in the local chapter course and
great value Is placed upon the In
afructfon by men and women who
have realized thai It demonstrates
the newest thought In banking ideas
md ideals IN which It is necessary
that al bankers be thoroughly
grounded.
The Security Savings ana Conn
nercfa1 Bank OF which Julius
Eeyser Is president and Francis q.
Addison, vice president, yesterday
epened its business under the new
capitalization authorized by the
stockholders az their last meeting. at
which the capital Of the institution
Raa increased from 800. 0Oo to $780,
The regular nonthIy meeting Of
The board Of directors Of the Wash
lllgton Loan and Trust Company
was postponed this weel out u re-
1pect to the memory Of Frank r.
Reside. who passed away last
successor to Mr. Reside on the
board OF directors win be elected at
the next meeting Of the board.
President John b Cochran, 81 the
rankIin National Bank. with Mrs.
Cochran and fheirsson are motoring
through Virginia and expect to visit
the Winchester Apple Carnival.
Alvin L. Newmyer has been
elected director OF the Merchapts
Bank and Trust Company to I'LL the
Vacancy caused by the death of
Milton Hopfenmaier. Mr.. Newmyer
81 member Of the law firm OF
Newmyer & King
A continued growth OF interest is
noted IN the coming convention Of
the District Of Columbia Bankers
Association, which viii be held in
shout five weeks at Hot Springs,
Va. The program committee, under
the leadership Of President Lan:er
McLachlen, Of the McLachIen
Banking Corporation, has It's work
veil In hand. and all other COM
nittees are functioning 100 per cent.
Indications are that this viii be the
largest convention ever held by the
association.