The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1927-02-25
C|TY'S BANKERS
BUSY MEN
By RICHARD HATTON

IS
These are busy days for Wash.
ington bankers. In addition to their
regular financial work nearly every
local official Is serving on one or
more of the many committees APP
pointed by President Howard Moran
OF the District Of Columbia Bankers
Association. to work out plans and
details for the reginaI savings con-
ference, which will bring some 400
visiting bankers to Washington on
April z and 5, or for arranging for
the annual convention of the local
association which will meet at Hot
Springs, Va. immediately after the
annual convention here of the New
York State Bankers Association on
June 6. z and 8. which VIII, also, cali
Tor extra effort on the part of Wash
ington bank officials
This list of major activities prom
ises to keep active members Of the
local bankers association more than
usually busy from now until the mid.
die OF June.
Several of the committees named
to take charge of the Hot Springs
convention arrangements have al
ready been announced. Others are:
Entertainments committee-Lawren
A. Slaughter, chairman; Thomas w.
Brahany. vice chairman: w Mex.
Stowell, Fernand Petit. Fred w.
Mackenzie. I! J Groom and e. Jack.
son Enrich.
Hotel committee Luther 4.
Schreiner. chairman; Harry Selby.
vice, chairman: Frank j. Stryker.
Henry w. Offutt, Robert s. Stunz,
w H. Zepp, A; G. Waller, E l.. Hill
yer and j T. Exnicios.
Transportation Communications
NJ. Riordon. chairman: Albert s
Galley, vice chairman; John D.
Leonard. John ID. Howard. Thomas
p. Hickman and C. A. Mccarthy
Ladies Committee--Mrs. Howard
Moran. chairman; Mrs w. w.
Spaid, vice chairman: Mrs. Robert
v. Fleming. Mrs. Wilmer j. Waller.
Mrs, Albert S. Galley. Mrs. Lanier
r. McLachlen. Mrs. George o. Vass
Mrs. e. J. McQuade. Mrs. L. A.
Slaughter. Mrs. l.. e. Schreiner,
Mrs. Frederick P. III. Siddons and
Mrs, Charles H. Pope.
Sports ComInittee-C. III. Pope.
chairman: e. P, Wilson. vice chair
man; Clyde B. Asher. Herbert T.
Shannon. Charles H. Doing. Ezra
Gould Ralph p. Barnard. Bynum L.
Hinton.
Because OF the close association
between this city and the Seaboard
Air Line much interest is being
manifest in general financial and
business circles here in the speech
OF President S. Davies Warfield. of
the Seaboard. at a banquet OF the
Chamber of Commerce of st. Peters
burg. Fla. which was rendered him
on Warfield Day" September 81.
Among other things of interest. Mr..
Warfield said in part:
The Seaboard Air Line Railway
Is completing 500 miles of new rail.
road in Florida, more railroad con-
struction than in many states taken
collectively in the same period OF
time. This has involved large
expenditures.
II have sold within 20 months
$60,O00,000 of Seaboard securities.
including $7,000,000 recently sold. a
total of SGT 900 900.
A large part of the proceeds has
been spent in Florida in pioneer
construction and in additions and
betterments to the Seaboard system
to care for increase in traffic.
Because of statements by me re-
specting further construction and
extensions. you should know that
the Seaboard railway will now cur
tail its construction program owing
to recent heavy wage increases.
Mr.. Warfield discussed at length
the questions involved in the con
solidation of the railroads OF the
country into what he termed "a
few large aggregations of continu-
Gus railroad mileage" opposing such
large aggregations put together
with "little relation to the move
ment of traffic and often in the.
interest of other than that OF the
public. lie called attention to the
damage to the Southern ports that
would result from forcing these
great aggregations.
He stated that he desired the Sea-
board should be let alone to work
out its destiny in the geat field OF
its endeaVor-the Southern country
where it would become a system Of
10000 miles of railroad in the inten-
sive development of it's territory in
which millions of acres Of unoccu-
pied lands exist and which cannot
be brought under development
where the personal initiative and
incentive is destroyed under plans
of the great aggregations of contin-
uous mileage such as have been
proposed