The Washington times., 1927-01-11
BANKERS
COMM TTEE
BY RICHARD HATTON

DJ HUN
With the appointment of Presl.
dent Lanier P. McLachlen. Of the
McLachlen Banking Corporation as.
chairman of the 1927 District IF
Columbia Bankers Association Con-
Vention, the first step in arranging
for this important annual event has
been taken.
President Howard Moran, who
named Mr.. McLachlen, realizes the
vital necessity of preliminary or
ganiZation work and, in selecting
Mr.. McLachlen, he has assured an
other efficiently managed conven-
ton.
Chairman McLachlen will name
the general convention committee
and the chairmen of the several
subsidiary committees. Upon these
will devolve the duty OF arranging
various angles of the convention
and it's program.
While the annual gathering OF
the District Of Columbia Bankers
Association is an occasion when
active bank officers get together
to discuss problems confronting
them in their business, the discus
sions and conclusions are of intt-
mate interest to the general bank
ing public, They all tend to Great.
ing greater bank efficiency and
this Is obviously in the interest OF
bank customers of every class.
The annual convention is one OF
4he four regular meetings OF the
association held during the year:
The next regular meeting will be
held in this city at the rooms OF
the association on Monday, January
II. at .. m.
Matters of general interest to the
membership will be under discus
sion and President Moran has re-
uuested the chairnen of the various
committees to forward to him any
information which they believe
should be brought to the attention
Of the association.
Members of the District Of Co
aumbia Bankers Association are
taking especial interest in Thrift
Week. One Of the former presi-
dents of the association, Victor B.
Deyber. president of the Second
National Bank, has been appointed
general chairman of the thrift com
nnittee for the District of Columbia
Francis G. Addison. jr.. vice presi-
dent of the Security Savings ana
Commercial Bank, is acting as
chairman of Bank Day. and Robert
L. Father. of the American Sc
curity and Trust Company. as
chairman of Budget Day.
During the month a bulletin was
sent to member banks by a COM
mittee consisting Of Mr.. Deyber'
Mr., Moran and Mr.. Addison. asking
the financial support of the banks
during Thrift Week. The sending
In of contributions to this campaign
will materially aid in making Thrift
Week increasingly successful.
Checks should be made payable to
frank w. White, treasurer, care OF
National Electrical Supply Company,
1918 New York Ave. n. w.
The r. H Smith Company, an In
Vestment house dealing exclusively
In real estate first mortgage bonds,
announced today the opening of
Chicago office in the Continental
and Commercial Bank Building.
Failure of the McFadden banking
bill now before Congress will mean
that branch banking will continue
to spread, and insistence on the
Hull amendments to the branch
banking provisions will insure It's
failure, 1t is shown by Charles w.
Carey, president Of the National
Bank Division. American Bankers
Association, in a call to. members to
urge their Congressman to work for
the passage of the McFadden bill
without the Hull amendments. He
also shows that enactment of the
measure without the Hull amend.
ments will effectually limit branch
banking
The board of directors of the
Riggs National Bank has authorized
the transfer of another quarter Of
p million dollars to the surplus
fund from undivided profits. The
Hapital Of the bank is now So, 500, 900,
surplus, $1,750,000 and undivided
profits, $1,000 This is the third
transfer from undivided profits to
surplus since 1928.
The annual meeting Of stockhold.
ers Of the Arcade Theater Corpora
ton. Hyattsville, viii be held Wed.
nesday afternoon. January 26, In
the theater.
Announcement was made today
by Sylvan Dietz, manager of the
Arcade, that per cent dividend
has been declared to the stockhoId-
ers. The theater has been in opera
ton just one year.
When you want to acquire the pos-
session of a unique piece of furniture
"a far fva ha