The Washington times., 1926-10-08
BANKERS CLOSE
CONVENTION
BY RICHARD HATTON

the general sessions or the annual
convention of the American Bank
ers' Association came to a close in
Los Angeles last evening and hun
dreds of members of the association.
representing financial institutions
In every part Of the country, are,
today, returning to their homes.
The gathering was one of the most
constructive in the history Of the
organization.
Many prominent Washington
bankers attended and took an active
part.
Some Of these VIII return direct
20 this city, while others plan out
Ing or sightseeing trips
Among those Washington bankers
who are leaving Los Angeles at the
close of the convention are: Howard
Moran, vice president of the Amerl-
can Security and Trust Company,
and president of the District Bank
ers Association; Harry V. Haynes,
president Of the Farmers and Me-
chanics National Bank and member
OF the executive council OF the
American Bankers Association:
Liberty National Bank, member OF
the public relations commission:
Francis G.. Addison, jr.. vice presi-
dent of the Security Savings and
Commercial Bank, vice president Of
the association for the District:
George o. Vass, vice president Riggs
National Bank, vice president, ma
tional bank section; Maurice Otter
back. president Anacostia Bank,
vice president State bank section:
{ Lanier P. McLachlen, president OF
McLachlen Banking Corporation,
member of the nominating commit
tee; Joshua Evans. jr., executive
vice president District National
Bank, retiring member of executive
council, alternate member OF the
nominating committee; H. Fl. Nc
~Kee, president National Capital
Bank; Henry w. Offutt, president
Potomac Savings Bank, and John
l.. Newbold. president OF the Mer-
chants Transfer and Storage Com
pany. and director Feedral-Ameri-
can National Bank.
It is expected that those who at
tended the convention will express
Informally at the luncheons the re-
suits of the general sessions and
the important divisional meetings.
Establishment of a branch office
IN Chicago which will act as a hub
of operation for II States, is the
object of trip which Representa-
tive Frank r. Reid, president Of
the Great National Insurance Com.
pany, a local enterprise. is now
ma king.
With the newly organized COM
pany functioning smoothly and
prosperouslv in its offices in the
Denrike Building, 1910 Vermont
Avenue, Representative Reid now
Is engaged In the task of setting
up branches. and his first point
will be chicago.
According to a statement by Mr..
Reid prior to his departure, the
Illinois METROPOLIS IS an ideal place
OF distribution. inasn1uch az a lar"e
number Of important centers are
within easy distance Of it. and CON
Aitfons are unusually favorable for
the operation of an organization
such as the Great National.
II was pointed out bv Represent
alive Reid that establishment of the
Chicago branch is just the first
move of a long series which, when
well underway, will give to the
Great National a string of branches
IN leading centers throughout the
country.
That the Great National Is max
ing marked progress in the Wash
fngton Insurance field was pointed
ont TODAY by Spencer B. Curry.
vice president in charge Of under
writing.
Mr.. Curry explained that since
granting of license by the District
Of Columbia inauran"e commissioner
a constant flow Of business has
come into the offices. He said:
although the Great National itself
is a new company. its stockholders
represent the best Of Washington
and it's personnel Is we'll equipped
70 handle the most intricate in
surance problems.
For this reason the Great Ma
tional has made an excellent start
and for the same reason the out
look is more than satisfactory. With
washington as our base and the
United States as our field we are
well intrenched and can expect
gratifying results"
The National Permanent Build
ing Association has elected the
following officers and directors for
the ensuing year:
President, William Newland; vice
president, Robert F.. Buckley; sec
rotary, Roland NJ. Brown; treasurer,
Millard T. Dixon: directors, Adolph
Levy, John 3. Geier, John Mem
berg. Harry Lansdale, ]. Leo Kolb,
George Menke. Harry NJ. Packard,
William Briggs and Joseph f.
ZegOWitz
The vice presidency and one new
director are the only changes in
the organization. r. +. Buckley,
new vice president, has been on
the board Of directors for the past
10 years Joseph ZegOwitz. we'll
known in business and fraternal
circles, is the new member of the
board.
The work Of completely remodel.
ing and refurnishing the interior
Of the banking room and offices
of the association is about com
pleted and when finished will be
one Of the finest and best ap-
pointed in the city.
The board voted an extra one
half Of ] per cent dividend TO de-
positors, making the dividend 5N
per cent for this year.
Liverpool Cotton