Evening star., 1927-04-23
BANKERS RUSHING
CONVENTION PLANS
Speakers at Hot Springs Are
Announced-NeW Golf
Events Included.
BY EDWARD C. STONE.

BY EDWARD C.. STONE.
Plans for the annual convention of
the District Bankers Association have
gone forward with leaps and bounds
this week, and several of the speakers
who will appear at the Hot Springs
gathering in June were announced to-
day by President Howard Moran.
Gov. George j. Seay of the Federal
Reserve Bank of Richmond will ad-
dress the convention. His address last
year made such favorable impress
sion that the committee was anxious
to get him again this year.
President Henry Fl. Mckee of the
National Capital Bank is on the list
this year, and by special request will
speak on certain controversial and
other points in the McF'adden bill, in
which all bankers are intensely IN
! terested.
Reuben A. Lewis, jr., associate
editor Of the American Bankers AS
sociation Journal, Will discuss "A
Growing Competitor for Savings" On
/ account of his position Mr.. Lewis is
familiar with many matters of great
| import in the banking world, and his
appearance at Hot Springs will be
awaited with more than ordinary in
! tereSt.
Shepherd to Represent A. B. A.
T Fred n. Shepherd. executive mana
ger of the American Bankers AS
! sociation. will extend greetings from
that BODY. Mr.. Shepherd already has
lot of friends among Washington
| bankers. having taken an active part
| in the regional savings conference re-
| cnOtIV held at the Willard.
| Another speaker will be Francis G.
Addison, jr.; vice president of the
| Security Savings & Commercial Bank,
his subject being "The Importance of
| Having All Real Estate Notes Certi-
! fed to by a Responsible Title Com
| pany." Mr.. Addison was president
of the District Bankers Association
| last year, and is exceedingly interest
ed in it's work.
An interesting feature of one of the
sessions will be the reading of the
three winning essays, write 1 by mem
| bers of Washintogn Chapter, Ameri-
can Institute of Banking. Those who
carry off the honors in this contest
are given the trip TO Hot Springs by
the banks in which they are employed.
1t is announced that William w.
Hoxton, chairman of the board and
Federal Reserve agent of the Federal
Reserve Bank of Richmond, and Mrs.
Hoxton are planning to attend the
convention. George III. Keesee,
cashier of the Richmond Reserve
Bank, also will be present.
Two Innovations i'm Sports.
The sports committee is planning
an additional attraction this year in
the way of an indoor putting con.
xr.oic will I1o hol IN Inl
of the Homestead, one side for the
men and the other side for the wom-
en-. Each player will have the right
to putt Is holes each day of the
convention, and the lowest score will
of course win. The winner of the
mems contest will play the winner of
the fair sex contest, thus deciding
the championship. The novelty is
expected to add a very interesting
new source of entertainment.
Chairman G. II. Pope and his assist
ants on the sports committee have
added also a ne woutdoor golf event
Heretofore there has been no golf
event on the first day. This year
there will be one on Thursday as well
as on Friday and Saturday.
The tennis events are in the hands
of Ezra Gould, president of the Wash.
ington Mechanics Savings Bank His
experience of former years means
that there are sure to be some highly
interesting net contests.
Reservation requests are coming in
rapidly to John NJ. Riordon, chairman
of the transportation committee, in
response to the notices sent out
earlier in the week. The annual
Spring dinner at the Columbia Coun
try Club had marked effect in arous
ing enthusiasm in the Hot Springs
meeting.
Virginia Insurance Gains.
Sales of ordinary life insurance in
the South Atlantic States showed a
decrease in March over the GORE
spending month of last year it was
revealed today by the Life Insurance
Sales Research Bureau, a cooperative
organization maintained by 113 life
insurance companies in the United
States and Canada. March sales in
the South Atlantic States totaled $685.
292,000-a decrease of 10 per cent over
the sales of March, 1926.
Virginia leads this section in its
substantial monthly gain of % per
cent. In the first quarter Of 1927
Virginia showed an increase of 12 per
cent over the corresponding period of
1926, leading the South Atlantic States
also in this respect.
Delaware and North Carolina are
the only other States in this section
to show increased production in
March, 1927, over the same month of
last year.
Lower Cash Income Forecast.
Farmers cash income for 1926.27
will show a decrease of per cent
from the $10.500, 100000 reported for
1885, the high record year since the
war, the Brookmire Economic Serv-
ice prophesies. 1t is not probable
that improvement in any major farm.
ing industry will feature the current
crop year. Wheat and cotton are not
expected to enjoy any better income
than during the past year and slight
increases in acreage and favorable
early season weather conditions are
likely to. result in low corn prices
for the corn belt farmer.
Treasury Studies Farm Loans.
More liberal policy for the admins
tration of the Federal farm loans
system, particularly with respect to
the operation of the intermediate
credit banks, is being studied by the
Treasury, in the light of new methods
to be adopted upon the forthcoming
reorganization of the Federal Farm
Loan Board.
AccordkzS 70 Secretary Mellon, moth
ing definite mas yet been decided upon,
but the idea is to survey the field, with
the intent of raising the Federal farm
loan s"'stem to a maximum of eff.
cheney More flexible nolicies, permit
ting of greater credit extension to ag-
ricultural interests. if needed. are de-
sired.
Heard in Financial District.
In connection with the recent bank
ers' dinner at the Columbia Country
Club it is interesting to note that two
brothers graced the occasion. Presi.