Evening star., 1926-10-17
MORAN IS NAMED
TOB|GA. B.A.POS7
Local Banker Is Member of
Executive Committee of
National Body.
BY EDWARD c. STONE.

BY EDWARD G. STONE.
| Howard Moran, president of the
District Bankers Association and vice
president of the American Security
and Trust Co.. has been made mem
ber of the executive committee OF the
savings bank section of the Amerl-
can Bankers Association, according to
information brought back from the
Los Angeles convention. The honor
is significant as it makes him elegible
to attend the semi-yearly meetings OF
the national associations special COM
mittees. Selection of a trust company
man by the savings bank division is
understood to be partially due to Mr..
Moran's position as head of the local
bankers association, which will be
called upon before long to entertain
section of savings bank members
of the national body. The Washing
ton Clearing House Association is al
ready making plans for this meeting.
The recognition given to Washing
ton was very gratifying to the dele
gates from the Capital.
Other Convention Echoes.
Lanier p. McLachlen, president of
the McLachlen Banking Corporation,
and Mr.. Moran were guests at din.
ner given in honor of Otto II. Kahn,
New York banker, which was attend
ed by about so financiers. Mr.. Kahn
went to the convention after bur
and study of several Western rail-
roads. The veteran banker made an
address in which he praised President
Coolidge for his "sound and unsensa-
tional management of a great house
hold"
Harry V. Haynes. president of the
Farmers and Mechanics Bank. and
Victor B. Deyber, president Of the
Second National, president and secre-
tary, respectively, of the Washington
Clearing House Association, attended
all the clearing house sessions. The
work was largely routine, various
plans for improving clearing house
service being suggested and discussed
George O. Watson, president of the
Liberty National, who is member of
the A. B. A. public relations commit
tee was on hand at all the meetings,
and at the close of the convention,
Mr.. Haynes took the place of Joshua
Evans, jr., as a member for three
years of the executive council.
The local delegates say that Fl. RI.
Mckee made "a splendid presentation
of the McF'adden banking bill situa-
ton.
Watch Movies i'm Making.
Practically all the local bankers
visited Hollywood and saw motion
pictures in the making. They learned
that $4,000 people engaged in picture
production live in Hollywood, only 10
per cent of whom appear on the
screen. The others are, camera men,
costume designers, stage carpenters,
musicians, sculptors, film developers,
art titlers, art printers. electricians,
scene painters, scenario, title and pub
licity writer's, etc. The visitors were
also told that about 500 feature and
800 short reels are made every year
in Hollywood.
HOLLYWOOD is 20 times larger today
than when the first studio was estab-
lished there in 1911. 1t has 33 banks
today when there were but two 10
years ago. There are about 25O pro
ducing companies working in 19
studios. The Washington bankers
saw several stars in action and were
delighted with the days entertain
ment
Mr.. McLachlen took some moving
pictures of his own on the way to the
Coast through the Panama Canal.
These have not yet been developed,
but his friends say they will surely
surpass anything they saw made at
Hollywood.
Plenty of Room at the Top.
r. Golden Donaldson. president of
the Commercial National Bank, de-
clares it is untrue that there are at
present fewer opportunities in the
Washington banking field for young
men than there were years ago. In
sistins that the exact opposite is true,
he explains:
I'VE were never so prosperous and
so secure as now. American business
has made enormous strides in every
direction. All classes of business have
developed and succeeded way beyond
the fondest expectations of their
founders, and in nearly every instance
the men who direct the affairs of these
institutions have risen from the ranks.
Much could be said to eXemplify
and prove this statement, but it is
only necessary to illustrate it by point
ing out that every president of every
financial institution in this city, so
far as l now recall. won his place by
virtue of his ability, industry and
painstaking devotion to duty"
Local Bankers Meet Tomorrow.
The District Bankers Association
VIII nOlQ Ino L er1l lilCSNiHS
tomorrow afternoon at the F street
1eaduuarters. The members will vote
on changing the constitution so that
the retiring president yill always be
a member of the next years execu-
tive council In this case the men,
bers will be Francis G. Addison. jr.
1t is believed that the association
will gain much by following the ad-
vice and experience of man who
has been in the chair.
Bank Moves Into New Home.
Yesterday afternoon the Chevy
Chase Savings Bank moved into its
new home in time to do business
there in the evening. 1t required
some very rapid work after the
doors Of the old bank were closed
at noon. Customers are profuse in
their congratulations over the new
home which was built by Charles
Wolgemuth, jr., and planned by