The Washington times., 1926-09-23
A. |. B. CLASS IS
GRADUATED
By RICHARD HATTON

Nearly 700 members of the Wash
ington Chapter of the American In
stitute of Banking heard National
President Paul B. Detwiler laud
the educational courses of the or.
ganization at the graduation exer
cises of the class that completed Is
instruction in June, which were
held in the ball room of the Willard
Hotel preceding the annual rally"
last night. 1.-The American Insti-
tute of Banking, through its
courses" declared President Det-
wiler, ''is developing thousands of
better qualified young people Tor
the financial institutions each year.
President T. Hunton Leith, of The
local chapter, presided at the meet
ing and outlined the program for
the years work of the organization.
There were 36 members who Te-
ceived diplomas for the standard
course, 67 certificates were dis
tributed to graduates in banking
fundamentals, and q former grad
yates received certificates for post
graduate work in advanced courses
in accounting, credits and invest
ments.
Charles ]. Bell, president of the
American Security Trust Com
pany. presented the Charles j. Bell
prizes to the three students attain
ine the highest marks in standard
banking-J. Leonard Townsend
Chevy Chase Savings Bank; Elmer
O'Hara. Seventh Street Savings
Bank. and Miss Ruth NJ. Fisher,
FederaI-American National BANK
Miss Marion Clark, a Mckinney
High School teacher, while not ell
gible for a prize. was given honor-
able mention.
The prizes awarded by the Wash
ineton Clearing House Association
TO the three students attaining the
highest averages in banking tunda-
roentaIs were presented by John
POOLE. president of the Federal
AMERICAN National Bank, member
of the clearing house committee
Those receiving awards were w.
NJ. Topping, First National Bank
alexandria, Va; John r. heener,
Riggs National Bank, and Harolo
r. Gates, Takoma Park Bank
Robert v. Fleming president OF
the Riggs National Bank, brought
greetings from the District Bank
<rs Association, of which he is vice
T,resident. and Edward J. McQuade,
Sice nresident of the Liberty Ma
tional Bank and president OF the
alumni association, spoke Tor Lof-
ner students. :.
The washington chapter opens Its
educational season this year under
+he most favorable conditions in its
history. The enrolment is the
largest on record and the faculty
of instructors is the strongest YET
obtained for the important work
Of the institute. Practical banking
courses covering the most import
ant subjects essential to present
day needs have been arranged ana,
the classes will be held in the new
rooms of the chapter in the quar-
fers of the District Of Columbia
BANKERS Association in the Becker
BIIilding at 1918 F St. n. W. The
curriculum for the present year IS
the most pretentious yet undertaken
and il is planned to hold classes
practically every evening In the
week.
The hearty and interested sup
port given the chapter by the dis
trict of Columbia Bankers Assocla-
ton and the enthusiastic efforts
of the officers OF the organization
with the solid backing of the mem
bers is one of the certain slghs
of tbe high and important place
the Washington chapter of The
American Institute of Banking
holds in the financial life of the
CITY. The officers of the chapter
for the present year are: I. Hun
ton Leith, president; Joseph ID.
Yerkes, first vice president; l. j.
Roberts second vice president; Miss
Lois A. White, secretary: August
z. Henze, treasurer; r. H. Lacey,
assistant secretary, and Hopewell-
H. Darnielle, chief consul. The
board of governors is composed of
Harold w. Burnside, John L.
Fletchall, George NJ. Irlan, Miss
Katherine NJ. Krieg, Miss S. Wini-
fred Burwell, r. Jesse CLANCY,
Raymond P. Lochte and Miss
Mabel V. Royce.
It il expected that President
Peter A. Drury, of the Merchants
Bank and Trust Company, who
has been spending some time in
Europe, will start back to the
United States about the end of this
month. Frank P. Harman, jr.,
vice president of the Merchants.
has just returned from two
weeks vacation while Frank L.
Ghiseli, vice president of the
same institution, has just left on
a two weeks outing and Secre-
tary William Henry White and
Auditor Ralph NJ. Wolfe have re.
turned from two weeks vacation
trips.
The Federal Security and Mort
gage Company has declared a quar-
terly dividend OF per cent on its
preferred stock as of September 81,
payable October 1. This is at the
rate of 8 per cent for the year. The
Federal Security and Mortgage Com
pany has been operating since Feb
ruary Is, 1920. and it's resources are
now about 100000. 1t is stated the
company is now earning several
times the amount of the preferred
stock dividend and that the issue OF
$1.OO0,O00 Of preferred stock is prac-