Evening star., 1926-12-18
BY EDWARD G. STONE.

Bankers are again turning tneif
attention to the MeFadden Banking
bill. which has suddenly come back
into the limelight in Congress. 1ne
demand OF Representative Mliis 10
learn what is blocking actlon OH tiie
measure by the House ana senate
conferees closely follows Kepreseii.-
atiye Hull's Introduction Oh tniee plila
which are aimed to divide up tne con.
troyersal subjects in the NICE slu.'on
bill so that they can be Foteo "''ii
separately. go, ,,;,,oo
Tbe McFadden bill has been given
,>.afarontiol Status on the calendar
along with radio and AMEN pIops. ~
,a,,;s1otion for action at this SESSION.
Sho,,I5 tho confereeS fail to agree oil
,ha hi, the new bills introduced pH
panresentatiye Hull, author Oh t,le
famous Hull amendments, may ns
torap IN Mr.. Hull says there lia9
haen no serious opposition 10 the Pr
,,is;ons in the McFadden OIL ieia'Ihs
70 tho restrictions under WHICH lls.
t;a,a, hanks can make loans, ;'ceP'
t.,,sts and deal in securities anu nv
Soee no reason why his ne" "iil ~
to, ra,ief in these matters caiiilol
nassed promptly. lie also eApeo.' va, ,a
sacond hill relating to feueiai
ol'>' 1,a,ta,, renewals Will be acle''
selNe s,,'n,,hlv as called for IN ms
upo .annna hin His third bill relates 70
bronch banking, his purpose pelhs ~
,,.;nn .bis issue before Congress Wy
ttsalF as there is sure TO DE d 'A''
fight over IL. .,a NIcFadden
hin have recently prepareu d ,and.
comnlete summary OF tile iI"li ,d that
ments. They take the Slou;i ov;sinn
the original bin had ahiplI fhankin.
.no Xxx I.sra of the branch hahhA'I1
.',' ~ nrd will make every enoft !"
10 .bo measure passed at llii9
e., ,,,thout the Huh ameiioiilei'eff 1f
a ,,,;thout separate consideration va
the three new bills.
Mellon Urges Banking EquaiiiS'
Seoratarv Mellon in his anhuai no
,,ort discusses the relatloli9 n,o.
Federal Reserve system " 49,. @ tho
nosed McFadden bill, ana stressi s+iona1
desirability of keeping .ile n vii h
hanks upon an equaHt! VI .ra an
state banks. National oaEh9 t,a,aral
$50 t",,a,;rallv members of the eoei 'ad a.
toa,.< 1850 system. Other banks ais
,.a,n,+arv members. II the SS'el.
,,aan,a one composed princlpaily ~
,.oluntary members they cou'u 90
-, IN times of emergency an" 80
weaken the structure. ito"eN@ ,.,,,.
Stata hanks can operate on llIoi
en,,orahla basis than natlonal pt'in, me-
,hev will grow at the expense - Ne;
,,a,;onal institutions and THESE ult'
natelv will abandon their nati''''''
charters.
Liberty Bank Votes DIVIDEND
- ,...ao.orc of the Liberty
<ati6nal Bank held Il meetihs ~
-,a,.ardav and declared the resuidl
sse,7,i.annual dividend of S3'oo pei
stnra THE dividend, when coiileN
80 ~ earnings of the bank Ior 'iit
e;x n1onths ending December o. -
navahie on December 81 to stochiIolui
PC pS of record on December 70. Fresl
,,,+ C:anrre q. Watson announces
that the books will not be closed.
Local Investor Well Rewarded.
Two venerable gentlemen were tain
ing in a Detroit hotel about ol1i.eu
states Steel A Washington rllaii ~ eia
hoard the conversation. They salo
ne, ea 1rera convinced that Z. II. Gary
80 Going to retire soon and that
+hara would surely be something spe-
cia1 done for steel investors beiore
tha+ time The Washingtonian was
also convinced that both men must
he hfsJ personally acquainted with Gary.
He came back and7told a local bank INK
nresident ,r he was going to buy all the
steel common he could carry Just
on the strength of what he had un,
expectedly overheard. He loaded up up
and waited patiently. The S2oo. .ooo'ooo
stock dividend announcement lei!s
the rest of the story.
Richmond Credit Demand Slack.
Bill holdings at the Federal Reserve
Bank Of Richmond continued at a
comparatively low level during lhe
week ended December Is. as is not
,,.,,ol IN tho fYth district as the