The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1926-08-11
BANKERS PLAN
TRIP WEST
d. RICHARD HATToN

u IL expected that about twenty
rvs Washingtonians will attend
the annual convention Of thu
American Bankers Association II
Los angeles, in October, Including
the wives Of a number Of bank
officials who win accompany theil
husbands, either overland or Is
ship through the Panama Ccral
President Lanier P. McLachlen, OF
the McLachlen Banking Corporation
and Vice President Francis g
Addison, Of the Security Savings
and Commercial Bank, are among
those who will make the trap By
boat. Both win have prominent
parts in the Los Angeles meeting
as Mr.. McLachlen is a member OF
the nominating committee and Mr.
Addison is district vice president
Of the association.
As Is the case with the annual
convention OF the District OF
Columbia Bankers Association much
OF the work at Los Angeles VIII be
done in committees and there vii
be meetings of the several sections
concerned with special elements OF
bank work, such as the Savings
Bank Section, Trust Company Sec
! ton, etc. 1t is believed that the
McFadden bill will be one import
ant topic Of discussion.
Whilo many of the Eastern
bankers will travel to the Pacific
coast BY train. it is expected that
q large majority viii make the trip
through the Panama Canal, aboard
the steamship Finland, of the
Panama. Pacific line, which has been
especially chartered. The Finland
viii sail from New York September
10, making the trip to San Diego,
the port OF debarkation, in about
Is days. On the return trip the
Finland will sail from the West
coast October II, reaching New
York October 81. Some Of the local
delegation will make the trip West
by train and return by water.
President Oscar Wells, of the
First National Bank Of Birming-
ham, is president OF the American
Bankers Association and will pre-
aide In Los Angeles.
The beautiful white stone facade
of the Bank of Commerce and Saw.
irigs. at the corner OF Seventh and
Il Streets Northwest, is rising above
the contractors fence that protects
the street, and many who pass stop
70 admire the decorative front that
q being added to the building. The
banking offices. win bs4entirely re-
modelled during the present altera-
tons and the interior win be re-
decorated and.fearranged.
Should normal weather condi-
lions prevail hardware jobbers pre-.
DICT q, very satisfactory volume OF
IAN business. SoT1S expect 70 show
some definite increase over the
volune OF last year" Hardware
Are VIII say tomorrow in Its weekly
HARDWARE market summary.
t9AGid-sumnaet hardware bslelness
Il unusually good In the majority
Of important market centera.. The
1akeness of spring weather is
thought to be the chief factor for
the present good volume OF trade,
which In most cases exceeds last
years recrod."
According to the Federal Reserve
Boards weekly statement of the
condition Of 69s member banks re.
porting as of August there are
ehown increases of $4,000, 900 in
leans and discounts, $4,0o0.000 In
investments, So, 00o, 900 in net de-
xnand deposits and 100000 In
borrowings from the Federal Re.
serve banks. Member banks In New
York City reported increases of
36S. 100000 In loans and discounts,
So, 900, 900 In investments, SS8,000,'
600 in net demand deposits and $17.'
OOO. 900 In borrowings from the Fed
era1 Reserve Bank.