The Washington times., 1926-08-07
BANKS D RIVE
. GOES OVER
BY RICHARD HATToN


the International Exchange Bank,
early today predicted the complete
success OF the drive which the In
stitution has been carrying on to
raise deposits to the 100000
mark by the closa Of business on
August L..
The energetic head Of this popu-
lar bank expressed the greatest
satisfaction with the results Of the
efforts Of all those connected with
his ambitious program of achieve
ment and especially praised the
whole hearted cooperation of the
stockholders, directors, depos1tors,
officers and frieuds of the institu-
ton.
Since the announcement Of the
drive the deposits Of the bank have
been increased from $725,000 to
1886, 900, at the start OF business
today, with tho remaining small
amount practically assured before
the close Of the banking offices this
afternoon. The enthusiasm and
energy which radiates from the OF.
&Ice OF the founder and directing
genius OF the bank spread through.
out the entire personnel, with the
result that President Schiavoae's
ambition probably will be more than
fulfilled.
The signal success which attended
che campaign to increase the de.
posts Of the international Elk
change Bank viii contribute much
20 the spirit and pleasure Of the
annual picnic Of the institution
which takes place tomorrow. Plans
Cor this event have been underway
tor some time under q committee
which has been working with
President Schlavone In creating a
program which win be both pleas
urable and interesting. It is csti-
mated that more than one thousand
guests will attend the picnic, which
win be held at Villa Roma. One
hundred and fifty automobiles and
q number Of buses will carry the
merrymakerS from the bank to the
picnic grounds.
The start viii be made from the
international Exchange Bank Build.
ing at the corner Of Fifth and H
Streets Northwest about 2:30 o'clock
Sunday afternoon and the cars will
cover the following route: North
30 Massachusetts, Avenue. west on
Massachusetts, Avenue to Wiscon-
sin Avenue and north on Wiscon.
min to the villa Roma.
At the picnic grounds there VIII
b q general good time with speeches
By President Schiavone, Michael A.
Musumano, o prominent attorney
Of Pittsburg and q graduate-in.law
at Georgetown University, also OF
the University OF Rome, who IL .
personal friend Of President Scf1i.
avone and has made the trip from
Pittsburgh to attend the celebra-
ton. Peter Radice, chairman OF
the successful drive committee, VIII
act az toastmaster and viii speak.
NJ. Strizzi, prominent Local.
attorney, and Judge Robert Hardi-
son also win speak and refresh
nasnts viii be served.
In speaking Of the successful ter
naination Of the drive for deposits
today, President Schiavone expressed
especial pleasure over the fact that
his little son, Harry, IA years OLD,
who was the first depositor in the
International Exchange Bank, also
ahould have been the first to make
a d4DO&AL Ill0 0ASOShS
Mr.. Schiavone expressed his appre'
citation of the support given him
bv local banking friends generally
and by all who have assisted his
present effort.
Charles w. Morris, vice president
az the Central Savings Bank, has
returned from an extensive motor
trip In New England, having spent
most of his time on the Maine
coast.
Mr.. Morris speaks with enthu-
aiasn OF the help the New England
savings banks have been in the en-
couragement Of thrift by the pay.
mont Of a liberal rate Of interest
to depositors.
Retail sales for the month OF
July in the $50 Liggett Drug Stores
operated by the Louis K. Liggett
Company, a subsidiary Of the United
Drug Company. Of Boston, were
SI,401, 3S4, which compares with
Ss,473,133 for the same month OF
1925, showing an increase OF $685.
900 or over 26 per cent.
Chicago Stocks
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