Evening star., 1926-12-07
education, and has given many schol
arships to institutions in the South.
Bond Meeting Marked Success.

Bond Meeting Marked Success.
Paul Clay of New York scored de-
cided hit with Washington financiers
by his address yesterday before the
Bond Club. Guests present included
Howard Moran, Lanier p. McLachlen.
E. Percival Wilson, David Friday and
Earle M. Amick. Among the associate
members attending were Robert ".
Fleming, Charles J. Bell, William d.
Hoover, Corcoran Thorn, John 3. Lar
ner, John Poole, Joshua Evans, jr.,
and E. Jackson Enrich. In addition
to President Morgan, other active
members present were:
Winslow Is. Van Devanter, Guaranty
Co. of New York; E. HI. Ellis, E. H.
Rollins & Sons, S. T. Thomas, Gillet
& Co., Edwin D. Father, Baker,
| Watts & Co., l.. NJ. Proctor, Alex
ander Brown & Sons, G. G. Morgan,
jr., c.. F. Childs e&s Co., Eugene E.
Thompson, Crane, Paris & Co.,
Leon Shore, Eastman, Dillon & Co.,
F.. M. Hall, Graham, Parsons & Co.,
Thomas Hopkins, jr., Harris, Forbes
& Co., Charles Henderson. Hender-
J. A. w. Iglehart & Co., Frank p.
! Morse and A. B. Dickinson, j. & w.
Seligman & Co., w. w. Mackall, jr.,
Stein Bros. & Boyce and Carl KurtZ,
Stroud, Kurtz & Co.
Bankers Urge Tornado Insurance.
The District Bankers Association
committee on standardized banking
insurance has called attention of
| member banks to the advisability of
obtaining protection against torna-
does when making real estate loans.
Chairman McLachlen says:
"The cost of tornado insurance is
very small in this territory, the rate
being $500 per thousand for three
years, subject to so per cent coin
surance clause. In other words, the
assured is required to carry insur-
ance equal to SO per cent Of the re-
placement value of the building at
| the time Of loss"
The other members Of the commit
tee are Francis G. Addison, jr.; L. A.
Slaughter and c. HI. Pope.
Banker on Important Committee.
John B. Larner, president Of the
Washington Loan & Trust Co., has
been appointed by Howard Moran,
| president Of the District Bankers
Association. to serve with representa-
tives of civic and trade organizations,
as we'll as the Washington Real Es-
tate Board, on a committee which
will aid in securing an adequate
building in which to house the office
of the recorder of deeds. A bill rela-
tive to the matter is now before Con-
greSs. Bankers are much interested
in the safer guarding of these records.
The Monthly Bulletin Of the District
Bankers Association has appeared,
and, as usual, is devoted to matters
pending before the local organization.
1t has been enlarged to six pages.
The Bulletin urges all banks to send
in more news for the publication and
member bank send representatives to
the weekly luncheons.
Blaine to Be Bank President.
James G. Blaine, who was affiliated
with the Washington headquarters Of
the Red Cross Society during the war,
is to be elected president of the New
York Trust Co. at the January meet
ing of the directors. Blaine is a
| grandson of James G. Blaine, who
was Secretary of State under Presi-
dents Garfield and Harrison and Re-
publican candidate for the presidency
in 1884. S. S. Conover, now president
OF the trust company, Is to become
chairman of the board.
Liggett's November Sales Up.
November sales of the 445 Liggett
drug stores, owned by the United
Drug Co. of Boston, were $4,595, ,113,
an increase of 1867, ,SO9 over Novem-
Der last year, and for the II months
| this year $46,955, SAT, a gain of $S,531,-
610 over the same period of. 1925.
Seven new stores were opened during
| the month.
Other Financial Notes.
! Cashier James A. Soper Of the Lin
coin National Bank is passing a few
! days in Philadelphia.
! G. Bryan Pitts, chairman of the
board of the F. H. Smith Co., has re-
turned to his office after spending a
week in New York City, where he at
| tended a meeting of the American
| Construction Council.
! The Federal Reserve Board has ap-
proved the plans of the American
| Bankers Association to standardize
the size and forms of bank checks.