Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-06-21
BANKERS RETURN
FROM CONVENTION
Officials Enthusiastic Over
Results Obtained From
Hot Springs Meeting.
BY EDWARD G. STONE.


Arrival at the Union Station at SIS
this morning brought the last stage of
the District Of Columbia Bankers Con-
vention to a. happy conclusion Many
bankers declared today that they cor
sidered it the hest convention vet held
when viewed from the standpoint of
the addresses, discussions, helpful re-
ports and constructive action.
The address of Merle Thorpe, editor
of Nations business. is still coming
in for much favorable comment, one
banker insisting that this speech alone
was well worth making the trip to
Hot Springs to hear. even if the con-
vention had offered nothing else. His
graphic picture Of present business
trends, as well as of recent sweeping
changes in methods of dealing in all
classes of commodities, brought out in
new light the amazing competition
that many industries are facing.
Gov. George L. Seay's references to
the accomplishments of the Federal
reserve system drew vigorous ap-
plause from the delegates. He stated
that the war period had been passed
a sufficient length OF time, so that the
Federal reserve has also revealed it's
great value under normal conditions.
system had proved that the charters
merit continuance met with most
hearty approval.
Depew Just Misses Convention.
Chauncey NJ. Depew. who was
stopping at Virginia Hot Springs a
year ago while the Washington bank
ers We're there and who also made
brief speech at the family dinner. just
missed the gathering this year. He
arrived at the Homestead on Sunday
morning for f1ve-week stay. When
seen in the lobby the distinguished
after-dinner speaker and former Sen
ator appeared to be in excellent
health. although he seems more mod.
crate in his movements than he did
year ago. He was the object of
special interest during luncheon. but
had his dinner served in his suite.
!, The convention committee made an
effort several weeks ago to get Mr..
Depew to go to Hot Springs a day
earlier and address the meeting. hut
he replied that he could not change
his dates. After his Virginia stay
! he and Mrs. Depew will go to LenoX.
Mass. for five weeks.
1t will be recalled that John y.
Rockefeller, jr.. also addressed the
local bankers last year.
Some Personal Sidelights.
Charles J. Bell. president of the
American Security & Trust Co, was
the dean of Washington banking off
GERS who attended the convention. Mr..
Bel added much dignity to the occa.
sion and was honored by being made
chairman of the resolutions commit.
tee. He was very regular in his at.
tendance at all sessions.
l. a. Fleming came in for much
special recognition during the session.
he has attended almost every conven.
tlon OF the association. The so-called
iuncheon group of the association pre-
sented him with a handsome silver
coffee set, at the family dinner. Vic.
Tor Il. Deyber made the presentation.
Mr.. Fleming also received a special
prize for his marathon record in the
top-spinning contest
Clifford X Berrvman. whose Al car.
toons of the local bankers caused
screams of laughter at the annual din.
ner. accepted an invitation Ia the con.
vention. He surprised his friends
with some Of his golf scores.
Election Interest High.
There was much interest in the cleo
ton of a secretary for the coming
=
rotation. Wilmer j. Waller. the new
secretary. was chairman of the gen
eral convention committee a year ago,
and did very efficient work for the as
ISOLATION.
First steps We're taken toward an
important amendment in the constitu-
ton which would keep the retiring
president on the executive council for
the next year. 1t is felt by the mem
bers that the retiring presidents ex-
perience and counsel should be avail
able to all committee meetings, and
that under the present system the as
ISOLATION is losing valuable service.
The question of establishing
bankers credit bureau. which was
given careful consideration. was also
rated as one of the most important
matters tn he brought up during the
session.
The family dinner was fine wind.
up. w. w. Spaid made brilliant
POSTMASTER: his ready wit keeping the
guests in commissions. According to
the married men present. his cleverest
joke was: IF YOU want To know how
long a fish will live in hot water Just
look at the date on the marriage
license"
Today's Local Stock Market.
ington Stock Exchange today Capt.
tai Traction IS stood at 101. Washing
ton Gas IS sold at 1927 on a small
turnover and up TO 104i2 on larger
sales, Georgetown Gas 5s came out at
9S and two sales of Washington Rail
way and Electric As went at So There
was just one stock sale during the
session. that being a 10-share turn
over of Mergenthaler Linotype at los.
Southern Diaries Directors.
At meeting Saturday in New York
of the directors of Southern Diaries,
Incorporated. the regular quarterly
dividend of 81 was declared on the
class "A" stock. payable July 81 to
stock of record July Is. Three new
directors were added to the board:
George F. Rand, president, Marine
Trust Co.. Buffalo; Eugene V. r.
Thayer of E. Atkins & Co, New York.
and Harry T. Peters, vice president,
United States Distributing Corpora
ton, New York.
Bankers OF on Vacations.
John Poole, president of the Federal
American National Bank. and Mrs.
Poole are leaving Tuesday morning
for an extended automobile trip
through the New England States.
William John Eynon, vice president
of the Federal-American National
Bank. has gone with his family to
Eagles Mere, Pa. where he has taken
a cottage for the Summer. Mr.. Eynon
comes back and forth every week or
so.
.
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