Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-01-15
BY EDWARD {. STONE.


Victor B. Deyber, general chairman
of the Thrift week committee. reports
that the local drive will start off with
marked enthusiasm Monday. The
opening day is of special interest to
bankers as it is known as Bank day"
Tuesday is budget day" and most of
the local banks will supply those in
terested with little budget books,
which give in detail the best ways in
which the family income may be di-
Vided to produce the highest type of
economy. Life Insurance day" is
Wednesday and "Own-Y our-Own-liome
day" comes on Thursday Safe In
vestment and Make a Will day" will
be stressed Friday, while Saturday the
campaign turns to paying bills
promptly. The drive winds up sun
day with the slogan share With
Others day"
The District Commissioners have
issued a proclamation urging every
citizen. every corporation. business
firm and all other organizations III the
District of Columbia TO join with the
committee in carrying out the aims
of Thrift week. While national thrift
week is fostered by the Y. NJ. G. A., a
host of other organizations are giving
1t SOHu support. Inc ctldlTIlldH vi TIE
special local committees follow:
neutrality-suspicious., G. II. Hillegeist,
publicity. Louis Rothschild: finance.
Frank w. White; bank day. Francis
G. Addison, jr.; budget day, Robert H.
Flather; pay bills promptly day. 5. II.
Takes: share with others day. w. i.
Darby: life insurance day, Paul d.
Sleeper: own your own home day, sale
investment and make a will day, Y. f..
Booker.
Banking Glasses Open Monday.
The second semester of Washington
Chapter, A. !. B., opens Monday, there
being a fine outlook for enrolment in
the courses offered during the last
half year. The courses will include
banking fundamentals, taught oy
Eliot II. Thomson: commercial law,
under George r. Williams; negotiable
instruments, taught by Raymond Y.
Dickey: standard banking, in charge
of f. j. Donohue; credits, with Fran
els G. Addison. jr.. as instructor; trust
functions, handled by w. II. Baden:
dramatics, Fernand Petit. director.
T. Hunton Leith, chapter president,
and L. j. Roberts, chairman of the
educational committee, say that the
additional courses make the program
the best vet offered for the second
semester. Most of the students taking
the first half years work will go on
until June. 1t is already certain that
the total years attendance will be the
largest on record.
During the past few days institute
officers have visited nearly all the
local banks in person and explained
to the employees the advantages of
the various courses.
Fifth District RediscOunts Drop.
According to the weekly statement
of the Federal Reserve Banks the
Federal Reserve note circulation,
probably rejecting to seasonal con-
tracing in business. declined from
$S1, S45,000 to $7S,S41 900. The cash
ratio at Richmond stood at 75.47
against 1923 per cent in the previous
week. In the comparative week a
year ago the ratio was 1925. The
ratio of the IL banks combined was
1874, against II the week before and
1871 per cent at this time last year
Georgetown Bank Elects.
Directors of the Farmers & Me
chanics National Bank of Georgetown
have reelected the following officers:
Harry V. Haynes, president; Robert
d. Weaver and G.. L. Nicholson, vice
presidents; Harry l.. Selby. cashier;
Henry w. Sohon. counsel and trust
officer: Harold w. Burnside, assistant
cashier, and ]. w Hopkins. auditor
Treasury Ruling on Loans.
The Federal Reserve Board has
ruled that banks may not borrow
from a Federal Reserve bank on their
own promissory notes secured by the
notes Of World War veterans. which
in turn are secured by adjusted ser
vice certificates, 1t was announced
today in the official bulletin Of the
board.
This does not however restrict the
for member Or non-member banks
already established, of rediscounting
for member or non member banks
the notes of veterans themselves Sc
cured by the bonus certificates.
The question arose IN the admins
tration Of the bonus law, it was ex