Evening star., 1926-09-07
WINSTON TO SPEAK
B. A. MEETING
Treasury Official to Have
Public Debt as Topic.
Local Shares Strong.
BY EDWARD c. STONE.

president Of Leland Stanford Univer-
sity, and W. E. Greed. president Of tho
Pacif1c Gas and Electric Co. will he
the speakers at the general sessions
OF the American Bankers Association.
President Oscar Wells announced 10
day in New York. the convention TAX
ing place In Los Angeles October I to
Z. Mr.. Winston's subject will he. The
United States Public Debt" The pro
gram. which will be enjoyed hy about
dozen representative Washington
bankers, Is now complete.
The programs of the divisions and
sections Of the association as an
nounCed by F. y. Shepherd. exeCuti,e
manager. indicate that all phases ~
the technical. economic. administra.
tive and public relations problems con
fronting the Nations bankers will ha
brought up for discussion during the
convention week. These sessions Will
he held the morning and afternoon of
October 4 and on the afternoons and
one evening Of general convention
days.
Wide Range Of Subjects.
Agricultural Problems" "Soma
Problems of Bank Examiner" and
Better Banking. are among tho
topics to be discussed by the State
band division. The national bank
division will hear addresses on Re
lations with Clients" and Bond De
partments and Investments" One ~
the important addresses before the
State secretaries section will be on
The Rising Cost of Doing Business
and its Correction" The Law and
the Trustee" promises to he one of
the most interesting topics before the
trust company division. while the
savings bank division will feature
How Savings Depositors and Bank
ers May Prosper" and THE Value "f
a Savings Account" The clearlnc
house section has one Of the businsi
programs Of all. With the exception
of Undersecretary Winston and fow
others, the addresses are to he given
by bankers and other residents OF Nh"
Pacific Coast. although the program
Is widely representative.
Local Securities Strong Today.
Capital Traction sold at 1o5t7 on the
| local exchange today on A turnover
of SO shares: Potomac Electric Pow ~
| preferred opened at 101iz and close
at 1075s. while Washington Gas
| Light sold AT 70a4 Railway & Elec
! trio preferred sold at s9a4 and ono
! transfer of Mergenthaler I.inoty Pc
was recorded at 104la.
! Washington Gas rs sold at ln4t2
, and at 10" for several small sales. Th"
same coinpany's IS went at 10l. Po
/ 101. while the days bond tradinC
closed with the sale of Washington
| Railway and Electric As at $685..
/ Now that Labor day has become hs-
| tory it is expected that trading VIII
steadily expand on the local exchanS"
! New Treasury Issue Announced.
! The Treasury last night announced 4
| it's September financing. an offerinG ~
nine months 31a per cent Treasur'
certificates of Indebtedness. dated and
bearing interest from September Is. IL
the amount of about $3.50. 100000
! The Treasury will accept in pa
ment for the new certificates Trea~
ury Ala per cent notes of series r 1924
maturing September Is. Subscriptions
for which payment is made in tho"
notes will be given preferred all"t
ment.
The new offering is intended with.
! the balances already on hand and ti"
| September tax receipts To cover tho
| Treasury's further cash requirement
until the December quarterly taE
period. About $400 900 900 OF Trea<.
ury AZ per cent notes will be retired
on September Is. II
President Bell Returns.
| Charles j. Bell. president Of the
| American Security and Trust Co. !"
turned tn his desk TODAY after a six
/ weeks vacation passed in Maine ami
! Canada. He was accompanied on the
I; trip by Mrs. Bell. and spent much of
the time at q resort about 100 miles
/ north of Quebec. which is best known
/ for its good fishing. Mr.. Bell takes
grea tAdelight in fishing and is An eN
| pert with the rod and line. He made
several enviabl catches and Wa
lucky in having excellent weather a
| the time he was away. Other official
! At the bank say the fish he Caughl
we're much larger than any Presider'
Coolidge has hauled out Of the water.
hut Nr. Bell tactfully declines To he
! drawn into any controversy on the
, subject.
Vass Leaves for Pacific Coast
George o. Nass. vice president and
cashier of the Riggs Bank, is the first
local banker TO start for the coming
convention at Los Angeles. He was
| accompa MED by Mrs. Nass and viii
| he gone about six weeks. His seized
ule calls for visits 70 all the high
spots east of the Pacific Ocean. the
| places to be visited having been
printed by one of his friends In
humorous fourpase pamphlet entitled
Inspection Tour Of the United States,
! Chicago and the Pacific Slope.
Other Personal Notes
John B. Larner. president Of the
! Washington Loan and Trust Co.. was
, back at his desk today after several
weeks passed at his Summer home in
Miff1intown. Pa.
/ W. W. Spaid Of w. r Hibbs &
! Co spent the three day holiday which
! the New York Stock, Exchange houses
! enjoyed on q trip TO his old home. IN
| Ohio. to see his mother
I Robert V. Fleming. president "f
| Riggs Bank. has returned from
| short vacation. having spent most Of
, the time at Ocean City. y. j.
| Francis NJ. Savage. president Of the
| Central Savings Bank. spent the week
end and Labor day on the Eastern
| Shore.
| Joseph Schiavone president OF the
| International Excha nge Bank. has re
| turned from short vacation in New
York.
! Assistant Cashier W. f.. Howard Of
the Seventh Street Savings Bank. is
| on a twoweek vacation.
| Charles D. Boyer. cashier Of the
Federal. American National Bank =
| on a three-week vacation, which he
will pass in the Middle West.
Theater Offering Made Today.
| s. W. Straus e. Co. in co-opera ton
| dav offering an issue of s6 600. 900 Fox
! tbaatar and ofira htitldipp f1rat ,,1ort .