The Washington times., 1926-09-09
BUSINESS 81 Is
GOOD PACE
BY RICHARD HATTON

BUSINESS continues At d pace
noteworthy for this season Of the
year and gives reasonable assurance
of another good autumn, says the
American Bankers Association Jour
nal in It's current monthly business
review.
'.With so high a record in pro.
duction and consumption for the
first eight months now definitely
established, 1926 may. easily make
q better mark on the prosperity
chart than did 1925. No drastic
changes are looked for during the
remaining months OF this year.
The year 1925 witnessed the highest
production In history, which makes
the numerous increases this year
all the more remarkable.
The outstanding event In tho
money markets during the month
was the increase OF the New York
Federal Reserve Bank rediscolif1t
rate. The action does not so much
reflect the expansion in general
bank credit as in loans secured by
stocks and bonds. The recent rel
sumption OF the bull market In
stocks caused q marked increase In
street loans and while the Federal
Reserve Bank gave out no state
ment Of its purpose the opinion
prevails generally that 1t was
partly as . warning against excess
Nlvo speculation in securities, the
same as last january. The Increase
only puts the New York reserve
bank on par with the other
banks. and prevents the borrow
Ing in that center to loan out IN
Qther sections at high rates.
The favorable earnings being
anjcyed BY the Industrial corpora.
lions have been reflected IN q re.
newed advance IN the stock market
which has again reached peak
9pr AL time, measured by an aver
Age Tor all stocks, exceeding the
levels OF last spring. Railroads also
sre destined to have q favorable
year.
The appointment OF four I'M
portant committees Il announced IN
The monthly bulletin Of the Dis
trict OF Columbia, Bankers Associa-
ton, on commercial activities, on
law and legislation, on standardized
banking insurance, and on fraud
nIent securities.
President Victor B. Deyber, of the
Second National Bank. heads the
committee on commercial activities
With the following membership:
James II. Baden, vice president
Commercial National Bank; 3. Agee
Bowles. vice president Potomac Saw
kngs Bank: Charles D. Boyer,
fashier, Federa1-American National;
Robert v. Fleming, president Riggs
National; Albert s. Galley, execu-
tive vice president Lincoln National;
Frank p. Hartman, r., vice presi-
dent Merchants Bank and Trust
Company; HiHeary g. Hoskinson,
vice president Riggs National Bank;
W. Reginald Lewis, president North
east Savings Bank; Fred Mckee,
vice president Security Savings and
Commercial Bank; w. w. Marrow,
cashier Second National Bank: A.
~. Nevius, vice president Riggs Ma
tiona1; John ~. Riordan, cashier
Bank OF Commerce and Savings;
Harry L. Selby, cashier Farmers
and Mechanics NATIONAL; Lawrence
a. Slaughter, vice president Com.
mercia1 National; Frank J. Stryker,
president Columbia National, and
j.. Frank White cashier National
Bank OF Washington.
Vice President Francis G.. Add
son, r., Of the Security Savings
and Commercial Bank, Il chairman
Of the committee on law and legisla-
ton, with President Robert v. Flem-
ing, OF the Riggs National Bank;
w. w. SpaId, of William B. Hibbs
Vita DraNfHant
Corcoran Thorn, of the American
security and Trust Company.
The committee on standardized
President Lanier p. McLachlen, OF
the McLacnlen Banking Corpora
ton, with Vice President l.. A.
Slaughter, OF the Commercial Ma
tionaI Bank; Vice President c. II.
Pope, OF the Munsey Trust Com
pany, and ice President Francis G..
Addison, jr., OF the Security Saw.
fngs and Commercial Bank.
The committee on fraudulent Sc
curities Is headed by Eugene E.
Thomson, OF Crane, Paris & Co.;
Joshua Evans, jr., executive vice
president Of the District National
Bank, vice chairman, and the fol-
loving members: President Robert
". Fleming, Of the Riggs National
Bank, Vice President James d.
Leonard. Of the Washington Savings
Bank: Vice President E. J. Nc
Quade, OF the Liberty National
Bank. and President John Poole, Of
the Federal-American National
Bank, are other mmebers.
C. r. Jacobsen, cashier Of the Ma
tional Metropolitan Bank, Is spend.
ing a short vacation on a motor
trip. He left Washington Wednes-
day.
g ts