The Washington times., 1926-11-08
D. c. To RECEIVE
500 BANKERS
By RICHARD HATTON

0T ESANE11AKtO nAIIUN
The Monthly Bulletin, circulated
by the District of Columbia Bankers
Association, has met with general
approval since its inception. The
November issue Is especially in
formative.
According to the Bulletin, the
next meeting or the Council OF Ad,
ministration of the local bankers as
ISOLATION win be held November 26,
and 1t Is noted that this will be
the first time there win be in at.
tendance, as member Of the coun-
ell, the immediate past president of
the association, in this instance
! Francis G.. Addison, vice president
OF the Security Savings and Com
mercia1 Bank.
This Innovation Is in accordance
with an amendment to the consti-
tuition OF the organization adopted
in October. In addition to Mr.. Adj
Olson, President Harry v. Haynes,
Of the Farmers and Mechanics Ma
tfonaI Bank, viii sit with the coun-
ell by virture OF his election as a
member of the Executive Council
Of the American Bankers Associa-
ton.
The council OF administration now
consists OF Howard Moran, w. W.
Spaid, Robert v. Fleming, Wilmer
]. Waller, Albert s. Galley, Harry
". Haynes, Lanier p. McLachlen
Francis G.. Addison, jr.; Edward
j. McQuade, John M. Riordon and
G. II. Pope.
OF more than merely banking
interest Is the announcement in
the Bulletin that the invitation of
the Washington, d. c., Clearing
House Association, extended through
its president, Harry v. Haynes, to
the savings bank division of the
American Bankers Association to
hold its regional conference in
Washington this year has been ac-
cepted. It Is estimated that some
600 delegates will attend.
The Bulletin also announces the
completed committee on unprofits
able accounts and business as fol-
lows: John POOLE president Of the
F'ederal- National Bank,
chairman; Vice President Wilmer
j. Waller, Of the Federal
National Bank, vice chairman; Vice
President Francis G. Addison, Of
ciad Bank; Vice President B. A.
Bank; General Boolkeeper Ralph
Endicott, OF the Washington Loan
and Trust Company: Auditor ].
Damn Faber, Of the American Sc |
rurity ana Trust Company: Presi, |
dent Robert v. FIemming, Of the
Riggs National Bank; President |
Robert n. Harper, Of the District |
National Bank; Secretary Archibald |
J. McLachlen. OF the McLachlen |
Banking Corporation: Secretary =. |
p. Wilson. Of the National Savings /
and Trust Company: and President /
George W. White, OF the National Il
Metropolitan Bank.
This is considered an exception
ally strong committee and much IL
expected to be accomplished through i
its deliberations and study Of the
subject under the guidance OF Chair
man Poole.
The naming of the above com
mittee and the program which It |
win carry through Is largely due
20 the exposition of the unprofit- |
able account problem as given to |
the District of Columbia Bankers
Association by Mr.. Poole at its last
annual convention at Hot Springs. |
Va, in June.
A matter covered by the bulletin
Of interest to financial institutions
engaged in the trust business is tho
announcement Of the meeting OF
theh Underwriters Association to
be held here on Thursday. At this
meeting, It Is announced, Vice resi-
dent John A. Reynolds, Of the
Union Trust Company of Detroit,
win deliver an address upon the
subject Of Life Insurance Trusts
It Il expected that all local institu-
tons engaged in trust business VIII
be represented.
The next regular meeting Of the
District Of Columbia Bankers Assoc
citation viii be held on the third
Monday in January, 1927.
The earnings of General Motors
Corporation for the nine months
ended September 80, 1926, not only
exceeded any nine months In its
history but also were greater than
the earnings of any previous entire
calendar year. Sales Of cars to
dealers and the dealers sales to
users in these nine months also
exceeded any entire previous calen.
dar year.
ihaP$u RoIade