The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1926-09-29
enroll RECORD.
BANKING CLASS
By RICHARD HATTON

By RICHARD HATTON
The largest class ever registered
Tor course in the Washington
Chapter of the American Institute
OF Banking assembled Tuesday
night in the class rooms Of the Or
ganization connected with the quar-
ters Of the District Of Columbia
Bankers Association in the Becker
Building, 1914 f St. N. W.
Nearly $50 students, including DR.
Harvey w. Wiley and several ex.
perienced bankers, but for the most
part composed Of enthusiastic
younger members of the profession,
were enrolled in the popular and
important course in banking funda
fnentals, conducted by Eliot Fl
Thompson. Phi. D., LID, and pub,
hcity manager of the Washington
Loan and Trust Company.
The enrolment for the banking
fundamentals course followed a"
enthusiastic meeting on Monday
night, which marked the first ses
sion Of the fall season at which
there were so eprollmentS in the
commercial law course, conducted
BY Raymond B. Dickey, LIB
Linn. There. was, also, large
enrollment In the class conducted
~ Y. z. Booker, covering the sub
3ect OF investments.
The board Of governors of the
Washington Chapter, A. /. B., also
was in session at the headquarters
OF the organization Tuesday night.
under the craftsmanship Of Presi.
dent T.. Hunton Leith, to consider
and pass upon large number of
applications for membership. Both
President Leith and Second Vice
President I. ]. Roberts, chairman
Of the educational committee.
which had charge of arranging the
several courses for the winter Sc
nlesters, expressed satisfaction and
pleasure at the interest being taken
IN the work OF the organization.
President Francis M. Savage. Of
the Central Savings Bank. enter.
tanned the officers and directors of
the institution and several guests
at dinner at the Commonwealth
farm Tuesday evening. The event
was in the nature of a celebration
OF the progress that the bank: has
made under Mr.. Sayage's unique
plan of management since the or
ganization or the institution a little
more than a year ago.
Those who were the guests OF the
president Of the Central Savings
Bank were: Vice President Charles
w. Morrison, Cashier j. William
Roberts, Assistant Cashier Z. Ed
ward Way, Attorney Dion S. Birney,
Directors Gregg C. Birdsall, j.
Floyd CisseI, B. H. Gruver, r. w.
Harper, j. HI. Hedges, Judge G. III,
Mcdonald, Judge Milton Strass-
burger, c. F. Warner and Spencer
Gordon, E. c. Stone, DIR. e. F. Sap
pington. Wesley Morris and Palmer
Fields.
IN talk to his guests, President
Savage gave some interesting COM
parative figures as to the amounts
carried In savings deposits in Wash
tngton, Baltimore and New Eng
land institutions and stressed the
value of paying q high rate or IN
terest on savings accounts.
1.-THE field liz here for an ex-
elusive savings bank where we are
located in the center of the city"
declared Mr.. Savage, and logically
# should become very prosperous.
President Savage stated that de-
posts in. the Central Savings Bank
had grown over 100000 within
the last nine months and / believe
We are growing at the rate OF ap-
proximately 100000 year."
He also stressed the value OF the
Insurance plan operated by the
bank and said that his bank was
"organized on progressive lines to
share profits with savings deposit
ors." In conclusion Mr.. Savage
raid his respects to branch bank
ing, a subject upon which he las
very decided views.
Referring to the present business
outlook the National Bank Of Com
merce, of New York. in it's monthly
review says: 'The outlook con-
tinues to be for active, good bust
ness throughout the remainder OF
1926. The probability is that the
aggregate volume of goods passing
into final consumption between
now and the end Of the year will
be at least as large as In 1925 and
II might show a gain Of from 8
TO 5 per cent, this being generally,
accepted as a normal expansion
due to year-to-year increase in the
population and business Of the
country"
With the approach of another
call for statements of condition of
banks by the Treasury Department,
the generally expressed opinion In
financial circles is that the financial
institutions Of Washington will
show the usual aggregate gain, al
though there may be some cases
where exceptional temporary with.
drawals or other factors will indi.
cate individual decreases of tenn
porary nature.