Evening star., 1926-10-21
JOHN POOLE ADDRESSES DIRECT
MAIL ADVERTISERS IN DETR OFT
Explains Practice in His Bank Here
Washington Gas Light Stock Leads Mar
ket Today, Climbing One Point.

! ment preparatory to their installation
are now being made. These machines
are already in use in several Wash.
ington banks and are both convenient
and efficient. It was supposed that
the last word had been said when
adding machines came into use. but
It Is apparent that the end is not yet
If President George l.. Starkey could
meet the first president of the bank
1t would be interesting to know what
the founder would say when informed
that. the Bank of Washington was
about to do its bookkeeping by ma.
! chinery. Rip Van Wrinkle thought the
world had changed a lot in 20 years
but how about 116?
Merger Prospects Brighter.
1t is reported that the minority
stockholders Of the Chesapeake and
Ohio Railroad are soon to withdraw
their opposition to the Nickel Plate
merger, as the Van Sweringen inter
ests are ready to offer a new pro.
posal more favorable to the c. & O.
If the opposition is withdrawn, new
state Commerce Commission for the
81, ,0o0. .0O0, 900 consolidation, which has
been hanging fire for two years.
Another revision Of terms for the
Erie also is reported under considera
ton. 1t now develops that the Pere
Marquette may play the part Of the
| obstinate mule. This road has not
opposed the terms SO far offered, but
If the G. & o. gets better terms 1t is
said that this road will also make new
demands.
Sees Business OH Even Heel.
Theodore NJ. Knappen, the widely
known Washington financial writer
discusses "Will the Elections Favor
Business" in the latest Magazine OF
Wall Street. He looks for a situation
In the Seventeen Congress that will
! make 1t very difficult for the admins
tration to put through very much con
structive legislation, although he
! points out the chances Of congres
sional accomplishments during the
coming short session of the present
f! Congress. In conclusion, he says that
Two years Of legislative slack are in
prospect, compromise will rule, the
legislative output will be unimportant
and business will not suffer from
lnimical acts and cannot suffer from
inactiOn."
Local Bankers Laud Convention.
The best national bankers conven
ton we have ever attended" was
the general opinion expressed by locaI
flnanciers at the luncheon forum yes
terday noon. It was the first time
the banking group has met since the
Los Angeles gathering and the big
convention naturally furnished the
! leading topic of conversation. The
attendance was the largest in many
weeks.
Institute Class Starts.
The class in public speaking. the
; last TO open for the first semester al
the local institute of banking, eot
i under way last night with Fernant
Petit in charge of the course. Mr.
| Petit outlined the work in very
| interesting way and there was much
enthusiasm among the students. The
students In public speaking meet once
| a week during both semesters anc
! benefit gained under Mr.. Petit's in
structton last year means that the
time Will be we'll spent. There was {
| good attendance last evening and it l.
expected to be considerably larger
! next week.
| Personal and Other Notes.
i Wilmer ]. Waller, vice president o1
the Federal-American National Bank
! and secretary Of the District Bankers
| association. will be back at his desk
! Monday after a month on vacation
! lts boy he proudly announces
! when congratulated on the new ar
rival In his home few days ago.
{ Vice President Frank p. Stone Of
the National Savings and Trust Co
| Is passing q week at his old home IL
Mount Vernon, n. Y. He left Wash
ington yesterday by motor.
! Cashier NJ. +. Calnan of the Lib
erty National Bank has gone to At
lantic City, where he will enjoy a
three weeks vacation.
President George w. White of the
[ National Metropolitan Bank is still
basking in the sunshine at Porto
| Isie"