The Washington times., 1926-09-30
DIG. BANKERSAT
ANNUAL MEET
By RICHARD HATToN

With a large number OF Wash.
ing$on bank officials already in
Los Angeles and more on the way
to the California City. interest in
the annual convention of the Amer
lean Bankers Association, which
meets there next Monday, is keen
in financial circles here.
The program OF the convention
!, sessions will be& followed by local
bankers with much interest as mat
ters of definite Importance TO the
entire banking fabric of the coun-
try will be under discussion at
Los Angeles by thoroughly quail
fled experts.
The general sessions of the con-
vention will be held the mornings
Of October S. and and will be
called to order each day by PreSi
dent Oscar Wells. of the American
Bankers Association who will de-
liver his annual address. This will
be followed by an address by
President. Ray Lyman Wilbur, of
Leland Stanford University, and
the appointment of the resolutions
committee.
On Wednesday, October 6, an
address :, on 1.-THE United States
Debt" will be delivered by Gerard
B. Winston, Undersecretary Of the
Treasury; which will be followed
by the report of the nominating
committee and the, election of
officers.
While the general meetings of the
delegates will be of interest, the
real work of the convention will
be done in committee meetings, or
by divisions and sections which will
consider all phases of the technical,
economic, administra tive and public
relations problems confronting the
nations bankers.
Next Saturday evening the Wash
ington Loan and Trust Company,
at the corner of Ninth and F Streets
Northwest, will institute the prac-
tice of opening its savings depart
ment from to $50 on Saturday
evenings.
This departure from it's staid and
conservative lines by this old Wash.
ington banking institution is taken
in order to render public service
to many citizens by placing bank
ing facilities at their disposal at the
weekend.
other departments Of the bank. 1t
r. stated. will close at the usual
hour.
The statement of the Chesapeake
and Potomac Telephone Company's
operations for the month of August,
1925, to the Public Utilities Com |
z1,a fol- n
revenues of $546,251, a decrease of
$I7,365 compared with July. and
telephone operating expenses of
$500, 055, an increase of $606 com
pared with July.
The taxes for the month Of Au-
gust amounted to SAB 357, and other |
miscellaneous expenses We're 1855
leaving a net income OF S95,2OS,
which is a decrease of $15.515 COM
pared with July. ~
This statement also shows that
new plants and equipment added |
during the first eight months of
1928 amounted to $1,S42,231.32, while
the retirements for the same period |
amounted to $796. 433.O1, leaving the
net additions for the eight months
period. $1,045, 1881.
The net additions to plant and
equipment for the u months period
ended August 81. 1926, was $1.7S6,-
062.70.
a- 4tsegtG
President Howard Moran, of the
District of Columbia Bankers Asso-
citation, has announced the appoint
ment of the following committees:
Committee on taxation, Robert V.
Fleming. chairman: Francis G.. Ad-
olson, Robert n. Harper. Corcoran
Thorn and Eugene f. Thompson;
committee on Treasury relations.
Robert V. Fleming. chairman;
Charles J. Bell and Wilmer j. Wal
far