Evening star., 1926-06-06
FURTHER DETAILS
ABOUT CONVENTION
Golf Cups 0ftered-Bankers
Back Press CIub-0ther
Financial Notes.
BY EDWARD c. STONE.

ors Of member banks. The winner or
the tournament will have his name
engraved on the silver cup donated by
William r. Hibbs and retain posses
sion Of it for one year. The cup must
be contested for annually until won
by the same person three times in
succession, when it viii be awarded
permanently to the lucky golfer.
This cup was won by Ralph P. Bar
nard in 1922 at Hot Springs, by Clyde
B. Asher. in 1923 at Hot Springs, by
Fl. T. shannon in 1924 at White Sui
phur Springs, and by Clyde B. Asher
again last year. There will be other
prizes offered again this year for the
lower scores.
The women at the convention are to
have their own golf contest. They
have planned a putting contest for
Saturday morning, June 19, which Will
be in charge of Mrs. w. w. Spaid,
Mrs. II. G. Hoskinson, Mrs. Lanier P.
McLachlen and Mrs. l.. A. Slaughter.
John Poole has donated the trophy
for this event which is open to any
wife or daughter of any member con-
nected with the banks in the aSsocia-
ton.
Mrs. Francis G.. Addison, jr., and
Mrs. Howard Moran have arranged
for a luncheon at the Cascade Coli
Club for pm. on Friday. Following
the luncheon there Will lie Il pric,
party in charge of Mrs. Robert V.
Fleming, Mrs. Victor b. Deyber, Mrs.
E. J. McQuade and Mrs. r. H. p. Sid
dons. The prizes for this event are
to be announced later.
1t is stated that Merle Thorpe, edi-
tor of the Nations Business. in addi-
ton to discussing business conditions
and installment buying, will also talk
on stocks with non-voting rights. Gov.
Seay plans to make his address
just as interesting to laymen as to
members of the Federal system. The
annual committee reports are sure
to grip attention. as it has been a for
ward moving year.
Bankers Backing Press Club.
Three prominent Washington bank
ers are serving on the board OF di-
rectors OF the National Press Building
Corporation, "a holding company ton
the National Dress CLUB. which is
erecting IA History home and office
building on T. street. 1t is eStima ted
that the PROJECT Will cost $ll .0U0,0 900.
The banker directors are Robert v.
Fleming. president. Riggs National
Bank; Robert n. Harper, president.
District National Bank, and Joan JOY
Edison. chairman of the board of oil
rectors, Washington Loan * Trust
Co.: president, Equitable Cooperative
Building Association, and a director,
Columbia National Bank. AIR. Edison
is also treasurer of the corporation.
The other officers are John Hays
Hammond internationally prominent
engineer, president; Henry l.. Sweln-
hart, Havas News Service, vice presi-
dent, and james William Bryan
Washington publisher, general man
ager.
The directorate includes. among
others: Herbert Hoover, Secretary
of Commerce; W illiam j. Donovan, as
sistant to the Attorney General OF the
United StaTes: Elliot II. Goodwin, wee
president, Chamber OF Commerce OF
the United states; Uric Bell, Wash
inpton correspondent, Louisville Cou-
rier-Iournal and president OF the Ma
tinnal Press Club; Alfred RI. kirch-
hofer Washington correspondent,
Ruffalo Evening News, and vice pres
ident of the club; David Lawrence,
nublisher, United States Daily, ana
president, Consolidated Press Assocla.
ton: Graham b. Nichol, director OF
information, United States treasury
Department, and Edward u. Mclean
publisher. Washington Post anu Clr-
cinnati Enquirer.
Exchange N0EtEUOtS
G. T. Gockeler, secretary of the
Washington Stock Exchange, mas re-
ceiyed word from Detroit stating tnat
members OF the boards OF sovernois
of IA locak stock eXchangeS-that Is
Exchanges that handle local securities
indenendently of the New York STOCK
Exchange-will have a convention IN
Detroit from June 81 to %. This VIII
he the first convention of the Klno'
and a new organization is to be COM
rleted Governors of the local eX-
changes all over the country nave
many problems which dlfer from
those common to Wall Street. foi
this reason they have been attempt
inc through correspondence to form
on orga aniZation. Success of the move
was telegraphed to Washington yes.
terdav bv c. W. Wickey, secretary or
the Detroit exchange. 1t is under
stood that lIugene V. Thompson,
chairman of the board OF governors
of the local exchange, Will be the
representative from the Nauonal Zap
New Treasurer Is Elected.
At a recent meeting of the directors
of the Washington Market co. u: " :.
Forsberg was elected treasurer Oh Iue
orsan1zation to succeed Ralph W..
Iee. Mr., Forsberg is u We'll known
washington business man, bank al
rector. and is deeply interested IN the
Washington Market Co. The other
.ff3cers at present are Charles j. Bell,
chairman of the board of directors;
wesley Brown, president and general
counsel Simeon T. Price vice presl-
dent: Robert d. Marshall, controller;
Ell. Becker, secretary, and Morris
w. Bennett, auditor.
life Underwriters to Dine.
The District of Columbia Life I'm
serUrtters' Association will have q
dinner at the Raleigh next THURSDAY
or nm. the gathering having two
special objectives. Special honor Will
be paid to the faculty and students or
the Rockwell School OF Life lnsur'
ance, which opened Summer session
here last week. The $50 prize will
alap be awarded to the memDer Oh the
Federation of Women's Clubs OF
Washington who has submitted the
hest essay on life insurance in the
recent contest. The judges are Flor
enca P. Kahn, DIR. Charles j. Rock
well and DR.. j. A. Bell, director of
education at the Y. NJ. c. A. N. E.
Ellsworth, who is entering upon his
second term as head of the local as
ISOLATION, win preside.
Local StOckholuerS III the American
Telephone and Telegraph Co. are re-
ceiving notices, signed by President
Walter $. Clifford. announcing the re-
gently authorized new stock issue.
This issue is offered to stockholders
Of record on June 8. for subscription
at par (s1o0 per share) in the proper
ton Of one share for each six shares
then held. Payments for the new
stock will be spread over a period of
eight months. from August 2 to
April /, 1927.
As already announced, the purpose
Of this new issue, amounting to ap.