The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1927-07-15
SESSIONS
NEAR CLOSE
DIV RICHARD HATTON


After four days of strenuous ses.
mons and group meetings, with eve
nings spent in a program of enliven-
ing entertainment provided by the
Detroit chapter, the annual conven-
ton of the American Institute of
banking will come to an end in the
western city tonight with farewell
ball in the main ballroom of the
stAtler Hotel in Detroit. Twenty-Five
members of the local chapter of the
institute are attending the conven.
tton and most of them will return by
special train after the close of the
meeting.
Paul B. Detwiler, president of the
=. /. B., presided at the final session
today and an address was delivered
by DIR. Samuel w. Grafflin, religious
and industrial director of the West
Side Young Mems Christian Associa.
tion in New York. Following the
annual election of officers the con-
Vention adjourned, after which there
was a meeting of the executive coun-
ell.
This afternoon the Washington
delegates visited and inspected the
plant of the Ford Motor Company
and the Burroughs Adding Machine
Company.
One of the most interesting fea-
lures of the convention, according
TO word from Detroit, was the adj.
dress of President H. H. Mckee,
Of the National Capital Bank of
this city before the departmental
conference on bank administration
upon the subject of Recent
Amendments to the National Bank
Act and the Federal Reserve Act
Embodied in the So-called McFad-
den Bank Bill"
President Mckee, a nationally
recognized authority upon the Nc.
Fadden bill and it's effects, said
that for 10 years National banks
have been knocking at the doors of
Congress and asking relief from
the restrictions of the national
pank act which became a law in
1863.
The McFadden bill, he stated, in
the form in which it finally was
passed meets the approval of a
very large majority of members of
congress, Government officials who
have to do with the business Of
banking. and a majority of Ma.
honal and State bankers. Presi.
dent Mckee stated that the bill
was the greatest piece of con-
etructive banking legislation that
Congress has passed since 1871
when it enacted the Federal re-
serve law"
The striking economic progress |
made in the United States, through |
the checking and control of dis |
ease and the Improvement of |
sanitary conditions, and the vast |
possibilities of still greater prog
ress are reflected in a bulletin on |
health and community prosperity |
Issued today by the Insurance De-
partment of the Chamber of Com.
merce of the United States.
As measure of the annual eco.
1omic loss to the country through |
M-hea1th and premature death, the |
bulletin cites estimates of $4,000 .00O,- |
600 due to the first, and 5000, 000, 900 |
dAe to the second cause.
At the same time impressive eco.
nomic gains are recorded through |
the more effective control OF widely |
prevalent diseases. such as tuber. |
culosis, diphtheria. typhoid influ. |
enza and pneumonia Based on the |
reduction of the tuberculosis rate |
since 1900 an estimate of 50 600, 600.
600 is cited as the annua saving
made in this field alone.
The Bell System has made sub.
stantial progress in the extent and
quality Of telephone service during
tho past six months, according to a
statement issued by the company to-
day.
Four hundred and twenty-five
thousand telephones have been
added, making a total of $4,000 900
telephones interconnected in and with
the system.
The percentage of calls completed
on the first attempt has increased
nearly l per cent. or 500, 900 calls
per day-this in spite of the fact
that uncompletcd calls are due
largely to reasons bevond the con.
troll of the operators, such as busy
wires, do not answer, etc.
Thomas w. Brahany. of Crane
Paris & Co, has returned from a
few days outing at the Blue Ridge
Rod and Gun Club, Harpers Ferry
Frederick P H. Siddons. secre
tary of the American Security and
Trust Company, Miss Lois A. White
of the Federal-American National
Bank and Miss Mabel " Royce. Of
the Washington Loan and Trust
Company, have taken prominent
parts in the annual convention of
the American Institute of Banking
which closes it's sessions in Detroit
this evening.
X X
Excellent business during the
quarter" was the report from all
branches of the Riggs National
Bank at the regular quarterly meet.
ing of the advisory council presided
over by President Robert V. Elem.
ing.
CLEARING. H0USE PEpNpT