The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1927-05-19
BANKERS PLAN
SPORTS EVENT
By RICHARD HATToN

BY RICHARD HATTON
From the moment the McFaddef
bill was enacted into law there be
gan considerable speculation in Ger
tain banking circles as to the pos
sible effect of the legislation upoT
the concentration of bank resources
There have been put forth argument.
and warnings regarding the situa
ton created by the passage OF the
bill and It is of interest to note wha1
Trust Companies, monthly maya
zine devoted to trust company, bank
ing and financial interests, has Il
say editorially upon the subject 81
early reactions from the McFaq
den amendments.
There is no evidence of any
public demand in favor of concen
tration of banking resources and
control under either Federal Oh
State authority according to Trust
Companies, which continues: Ger.
tainly, there is no organized move
nlent among the bankers themselves
to force the issue.
Congressional delay and internal
dissension among bankers over
branch banking are to blame for the
handicaps under which national
banks continued to operate until the
McFadden bill was enacted.
Insofar as the question has been
publicly agitated, it is due on the
one hand to hostility aroused among
state bankers over par collections.
and alleged arbitrary endorsements
BY the Federal Reserve Board, and
on the other hand by the growing
concern, because Of the rapid ex.
panslon Of State banks and trust
companies, the desertion of an in.
creasing number of national banks
70 the State system, and the loss
OF command by national banks over
commercial resources"
A novel sporting event at the
ninth annual convention, of the
District of Columbia Bankers As.
soclation at Hot Springs, Va, June
20 IL, will be the Indoor Putting
Contest. This will be held in the
lobby Of the hotel and will be a
continuous contest covering the
three days of the convention in
which both ladies and gentlemen
may enter.
Each player has the right to putt
1S holes each day, but must de-
clare beforehand his intention, so
that his score may be certified TO
by a member present. The certi.
fled score will thereupon be Of
ficially recorded and the score filed
In the box for that purpose.
Two putting boards will be pro-
vided for the gentlemen on one
side of the hotel lobby and two
more for the ladies on the other
side.
The winner having the low score
on each side will play off Saturday
evening before the family dinner, .
10 determine the champion" and
the runner up"
Other prizes in this event will be:
Gentlemen, second low score; gen.
tlemen, third low score; ladies, Sec
ond low score; ladies', third low
score.
The putting boards used in this
event were brought from England
by Donald woodward. It Is through
his courtesy and that of Edward
Rheem, Herbert Shannon, Fred Nc
Leod and the Columbia Country
Club, that this contest is made pos
sible.
Mr.. Woodward gave the boards
away before the idea of this con.
test was suggested and through his
help it has been possible for the
convention to have this added fea.
ture on its program.
Members OF the ladies' committee
for the annual convention Of the
District of Columbia Bankers Asso-
citation are busy selecting prizes
to be awarded in events in which
ladies will take part during the
meeting at Hot Springs.
The Washington Bank Women's
Club will hold its regular monthly
dinner-meeting at the Grace Dodge
Hotel on May 25. This will be the
first meeting at which guests will
be present.
The regular monthly meeting of
the board of governors of Washing
ton Chapter A. I. B., will be held
at the chapter rooms at 8 D. M,
May "a. This win be the final
meeting Of the year. Installation of
the new officers for next year viii
take place on June 1.