The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1927-06-25


who attended the convention In
Dalles. Texas last year brought
back such glowing accounts of the
constructive nature of the discus.
tiles that added Importance Is at.
tached to these growing annual
gathering.
1t is estimated that the Detroit
convention will be largest in point
OF attendance yet held, with an
approximate official roster Of $500
surprising the record Cleveland
convention of 1922 which registered
1900 delegates.
Headed by I. j. Roberts.
The Washington delegation will
be headed by President I. ], Rob-
erts, Past-president T. Hunton Leith
ana Mabel Royce, chairman of the
women'S committee, and will com.
prise representatives from many Of
the local banks.
Two ID. C. Men on Program.
In connection with the attendance
OF bank employees at these annual
conventions of the A. /. B, the
splendid cooperation of Washington
bank officers with the work of the
institute is largely responsible for
the fine showing made each year.
The trip to Detroit will be made
on a special train which will trans.
port A. !. b. contingents from
Richmond, Baltimore, Norfolk and
Philadelphia. The Washington
delegation will board the special at
Union Station at 3 p. m. Saturday,
July Is. The Pittsburgh delegation
Will be picked up on the run west,
Two prominent Washington bank
officials are m the program of the
convention. They are President
H. H. Mckee Of the National
Capitol Bank VINO will discuss the
McFadden Bank Act and Secretary
Frederick P. H. Siddona of the
American Security and Trust Com.
pany whose subject will be "The
Development of Trust Business"
President Mckee is, probably, the
best known and best informed
banker in the country on the Nc.
Fadden bill. He discussed the sub.
Ject at the recent convention OF the
District of Columbia Bankers Asso-
citation at Hot Springs with con.
splcuous clearneSs and will occupy
an important place on the Detroit
program.
Secretary Siddons is regarded as
one OF the business development ex.
perts OF the country and an au-
thorlty upon a subject which is be-
coming OF increasing Importance to
financial institutions and which is
only in its infancy.
Much regret was expressed among
the A. /. B. delegation today over
the fact that the local faculty would
not be represented by DIR, Eliot II,
thomson, instructor in banking fun.
damentals, who vas scheduled to
make the trip, but who will be I'm.
able to attend the convention be.
cause of pressing business here.
The convention sessions will cover
one week and those delegates who
do not return on the special train
have arranged TO make the trim
through the Great Lakes and back
to Washington via Buffalo and New
York.
Delegates elected by the local
chapter in April, all of whom are
expected to go to Detroit are. in
addition to President Roberts, Past
President Lieth and Chairman
Royce: H. W. Burnside, Farmers
and Mechanics National Bank; Miss
8. w. Burwell, National Metropoli.
tan Bank; Miss Loretta Ennis.
Second National Bank: A. e. Hence.
w. B. Hibbs & Co.: John Keener,
Riggs National Bank; Leo j. Moran,
w. B. Hibbs & Co.: s. s. Ogilvie,
Second National Bank; Frank M.
Perley, American Security and
Trust Co.; j. s. Ramsburgh, Riggs
National Bank; w. l.. Sanderson,
Federal-American National Bank:
c. F. Schatz, First National Bank,
Mt. Rainier, Md; William E.
Schooley, American Security and
Trust Co.: A. W. Sherman, Ameri.
can Security & Trust Co.: M. r.
Showalter, Commercial National
Bank; James A. Soper, Lincoln Ma
tional Bank; E. C. Steffe. Miss Lois
A. White and Joseph D. Yerkes,
Federal-American National Bank,
and F. T. H. Siddons, American
Security and Trust Company.
The dollar volume of trade during
the third week or June, as indi-
Gated by check payments, although
less than in the previous week. was
larger than for the corresponding
week of 1926. according to the
weekly statement Of the Depart.
ment of Commerce.
Loans and discounts OF Federal
Reserve member banks were sub.
stantially larger than in either the
previous week or the corresponding
week of last year. Interest rates
on time money also averaged
higher than in either the preceding
week or q year ago.
Bond prices again declined, as
compared with the previous week,
but were higher than last year.
Stock prices showed little change.
Interest rates on call loans, al.
though higher than in the same
week Of 1925, were lower than in
the preceding week. Loans to