Evening star., 1926-09-05
BANKING INSTITUTE.
FACULTY CHOSEN
Addison, Booker and Baden
New Members of Staff
of Instruction.
By EDWARD C. STONE.


By EDWARD C. STONE.
One Of the strongest faculties yet
secured by Washington Chapter.
American Institute of Banking, has
been completed for the coming year
and was announced yesterday by T.
Hunton Leith, chapter president.
Classwork, which begins soon, will be
carried on in the new headquarters
of the District Bankers Association.
which have been especially arranged
to meet the needs of the students In
banking. The institute educational
committee, of which I. j. Roberts Is
chairman. feels that 1t has been most
fortunate in obtaining the services or
the following instructors:
Institutes New Faculty.
Eliot III. Thomson, LII. D., banking
fundamentals, publicity manager,
Washington Loan and Trust Co.
Raymond r. Dickey, LII. B., LII.
NJ, commercial law and negotiable IN
struments, member of the District of
Columbia bar.
F.. j.. Donohue, A. B.. LII. B., stand.
ard economics and standard banking,
instructor in economics, Catholic Uni
versity, member of the District bar.
William A. Deviny, A. NJ. Phi. D.,
accounting, instructor in accounting,
corporation finance, Investments and
income tax Catholic University.
Francis G.. Addison, w., Ill. B.,
credits, vice president Security Saw
;-f d. ALL 81
dent District of Columbia Bankers
,trict bar.
Y. l.. Booker, investments. member
of the firm of Y. f.. Booker & Co.,
investment bankers.
Fernand Petit, public speaking, vice
president Merchants Bank and Trust
Co., vice president and secretary
Mortgage Bond and Guaranty Cor
poration. .>
William Fl. Baden, LII. B., trust
functions, trust officer, Washington
Loan and Trust Co.
Three New Men on staff.
While several of the men have al
ready taught successfully at the insti
tute, three financiers, Francis G. Ad
Olson, y. e. Booker and William ii
Baden, appear among the instructors
for the first time. They are all
splendidly qualified for instruction ir
the courses assigned to them. Fer
nand Petit had charge OF the class II
public speaking during the last par,
of last year, but this will be his first
full wear in the service. Mr.. Petl'
was at one time on the stage and has
never lost his interest or ability as q
public speaker.
The chapter officers, faculty and
members Of the educational coninit
tee are to have a dinner at tne City
club on September 13. at which plans
for the wear will be fully outlined and
discussed. Stephen I. Miller, educa
tional director of the national or
ganization, will be a special guest ano
make the principal address. =,
The courses this year are to DC
more complete than in the past
twice as much classroom time VIII
he devoted to some Of the subjects as
was allotted to them last year.
Bankers Committee Named.
Howard Moran, president of the
District Bankers Association, an
no1nces in the current issue of the
associations Monthly Bulletin the fui
membership OF the following impor
rant committees for 1926-1921:
commercial activities - Victor Is
Deyber, chairman; James II. Baden
r. Aeee Bowles, Charles D. Boyer
Robert V. Fleming, Albert $. Gatley
Prank p. Harman, jr, Hileary G. Hos
k;nson. w. Reginald Lewis, Fred NC
Kee. w. w. NARROW. Avon M. Nevlus
John M. Riordon, ii. L. Selby, l.. a
Slaughter, Frank j.. Stryker' j.
Frank White.
Law and Observation-Disclosures c
Addison, jr.. chairman; Rooert v.
Fleming, W. w. Spaid, Corcoran
Thorn. -
Ianier r. McLachlen. chairman; j.
A. Slaughter, c. II. Pope, Francis e.
Addison, jr. =,
Fraudulent securities-Eugene Il
! THOMPSON, chairman: Joshua Evans
ir.. vice chairman; Robert V. Flemins
James d. Leonard Mdward j. Nc
| Quade, John Poole.
As already announced, the Bulletin
this year is being published In ne"
form. the mimeograph method having
been abandoned. The September
four.page publication is very attrac
tive in appearance. President moran
urges member banks to send In a!
Information that will make the OF
fetal organ grow in interest ane
value.
Southern Has Years Dividends.
Detailed figures taken from the
Southern Railways July report, IS
sued a few days ago, show that aftei
allowance for other income and the
deduction of fixed charges and pre-
ferred dividends the earnings for July
we're equivalent to $1.55 per share OF
common stock, as compared with $1.2t
for July, 1926. For the first sever
! months of 1925 estimated per share
earnings amounted to $S.17. com
pared with $500 for the correspond
| ing period Of last year. =,
Southern has already earned well
over it's full years dividend OF ~
with the heavy Fall traffic still tc
come. officials expect that the 1875
earnings of 1852 per share OF com
mon stock, exclusive Of the equity IN
undistributed earnings Of subsidiaries
will be exceeded.
New Treasury Financing Soon.
Announcement regarding Govern
ment financing incident to September
Is is expected to be issued by the
| Treasury Department within the
next day or two.
Consensus of opinion is that it will
take the shape of an issue of short
term certificates Of Indebtedness bear
ing interest at 3A per cent, or pos
sibly 31a per cent. 1t is thought that
the new certificates may be for nine
months. as June Is. 1927, is an open
date" as regards the Treasury's float
! ing debt naturities.
There Is some speculation as to
what the size of the issue may be
On September Is next $415 100000 o1
notes fall due. against which are SET
the income tax installment payments
Bankers expect the Treasury to Dor
row between $250,000.0O0 and $500,
La