Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-09-14
DISTRICT MEN ATTENDING JOINT
STOCK LAND BANK CONVENTION
Potomac Electric Power Preferred Leads
Qiuet Trading on Washington Board
Exchange Election May Be Delayed

ItoHl tne guest OF tne evening. were
Raymond B. Dickey and Francis G..
stressed the enlarged plans for the
coming year, as did Mr.. Miller.
The faculty members present were
Raymond B. Diekey, William II.
Baden, Eliot RI. Thompson. F. J.
Donahue. William NJ. Deviny. Francis
6. Addison. jr.; Y. f.. Booker and
Fernand Petit. The officers present
We're T. Hunton Leith, Joseph p.
Yerkes. |. J. Roberts. Miss Lois A.
White, A. f. Henze, r. II. Lacey and
w. 7. Van Doren. The board of gov
ernors was also present, including
Harold w. Burnside, John L. Fletch.
NJ kreig. Miss s. w. Burwell, r.
Jesse CLANCY. r. p. Lochte and Mabel
V. Royce.
The educational committee. which
acted as host, includes l. J. Roberts.
A. r. Henze. Miss s. Winfred Bur
well. +. G.. Addison. jr.; Miss Grace
NJ. Bromley, Harold W. Burnside. r.
j. CLANCY, Miss Dorothy V. Coburn.
II. II. Darneile, James G. Dulin, jr.:
Robert T. Highfield. Edward j. Nc
Quade, Elmer O'Hara, Walter L. San
derson Audley A. p. Savage, James
A. Soper and Miss Alice Whtton of
SaiN-A''iINi l'J
Richmond Allotment S8,5l8,5O0.
Acting Secretary Winston an
nounces that the total amount of sub
scriptions received for the issue of
3l2 per cent Treasury certificates of
Indebtedness. series TJ1927. dated
september 10. 1926. maturing June Is
1927, was 1896 $50 900 The total of
subscriptions allotted was $37S 500.
800, of which $l44. 953 900 represent
allotments on subscriptions for which
notes maturing September 10, 1926
were rendered in payment. All of the
latter subscriptions were allotted in
full
The total subamount allotted to the
Richmond Federal Reserve district
which includes Washington, is S.
ol6,oo0. The subscriptions received
by the Treasury from this district
amounted to $28,39O.5OO.
Installment Business Supported.
In spite of Roger w Babson warn
ing of a possible panic in two on
three years, due to oNerextensiOn of
the installment business, Thomas A.
Edison and Gen. J. G.. Harbord eX
press the opinion in the Credit Month
ly, organ of the National Association
of Credit Men. that installment sell
ing has not gone beyond the bounds
of safety
Mr. Edison said he believed decided
~ that installment selling tended to
stabilize production Gen. Hartford.
who is head of the Radio Corporation
Of America. asserted that there had
been isolated cases of abuse of the
system, but this need not be taken
as indicating that the underlying
principles are wrong.
Bankers Start for Convention.
Lanier r. McLachlin, president Of
the McLachliu Banking Corporation,
and Francis G. Addison. jr.. vice
president of the Security Savings
Commercial Bank. will leave here to
morrow for the American Bankers
Association convention at Los An
geles. They will take their wives
and the party will also include Mrs.
w. w Spaid and one Of her friends
from the South. The trip will be
made by the Panama Canal on one Of
the steamships sailing from New
York. They will be followed in n
few days by several other prominent
Washington bankers. who are to at
tend the same convention.
Other Personal Notes.
George e Fleming. vice president
of the Union Trust Co. will leave
here tomorrow for Clifton Springs, y
y, where he will pass a months VI
cation
II. l.. Offutt, jr., cashier of the Dis
trict National Bank, is out of the city
on a week $ vacation.
James 3. Graham. president of the
Northern Central Trust Co. of Viii
Transport, Pa, and three of his direc-
tors visited the Federal America
Bank Yesterday. G. *. korell, vice
president of the Hamilton National
Bank of New York. was also caller
at the same bank.
The board of consuls Of Washing
ton Chapter. A. l. g.. which is made
up Of representatives from each bank
in the city. will have a dinner at the
City Club tonight. II. n, Darneille.
chief consul, will preside and Elliot H.
Thomson of the Washington Loan and
Trust Co, will be the chief speaker.
The aim of the gathering is TO get
the members of the board to arouse as
much educational interest as possible
in their several banks.
New Bonds Offered Today.
Public Offering is being made of
new issue of S4.00o.000 StanleN-ROW-
landClark Corporation first morteage
per cent fee and leasehold) sinking
fund gold bonds, The bonds which
are priced at 9934 and interest yield
ing over per cent. are offered by
syndicate composed of Edward B.
Smith & CO.. Brown Bros. & Co. Cas-
sat- & Co, and Hayden. Stone & Co
The Bank of Bethesda is holding
open house in its new building today
and many local bankers are expected
to visit the institution this evening.
0
PULLMAN IS FAVORED.
NEW AOR l. Santen1 hon. Ii llol