The Washington times., 1927-01-25
BANKERS NAME
CHAIRNEN
BY RICHARD HATTON

BY RICHARD HATTON
Chairman Lanier P. McLachlen Of
ene general convention committee Of
the District of Columbia Bankers
Association, which is now organizing
for the purpose Of arranging the
program for the annual convention
TO be held this year today an
nounced the appointment of COM
mittee chairmen as. follows: George
Vass, vice president Of the Riggs
National Bank. chairman OF the
general convention COMMITTEES; Ed
ward J. McQuade, vice president of
the Liberty National Bank, chair
man Of the program committee: Law
renee Slaughter, vice president Of
the Commercial National Bank,
chairman Of the entertainment COM
finittee; Luther q. Schreiner, vice
president Of the Merchants Bank
and Trust Company, chairman OF
the hotel committee; John NJ. Rior-
don. vice chairman of the Bank of
Commerce and Savings, chairman OF
the transportation committe: Mrs.
Howard Moran, chairman of the
ladies' committee; H Pope, vice
president Of the Munsey Trust Com.
pany, chairman Of the sports com.
rnittee, and Frederick p. H. Siddons,
secretary of the American Security
and Trust Company, chairman CT
the committee on publicity and
press.
The personnel Of the general con-
Vention committee. it was stated to-
day. would be announced later, as
will, also, the date and place OF the
convention.
Announcement was made today
by Miss Mabel Royce, of the Wash
ington Loan and Trust Company,
chairman Of the publicity committee
Of the Washington Chapter Of the.
American Institute of Banking, that
the next issue Of Dollars and Sense,
the publication OF the local A. /. B.
organization would be off the press
about February 1. This will be the
silver jubilee issue of the magazine,
and win contain several special fea-
lures.
A meeting of the banquet COM
n1ittee Of the Washington chapter
Of the institute will be held in the
quarters Of the organization in the
Becker building this afternoon at
which Chairman ]. D. Yerkes ex.
poets chairmen Of all subcommittee
to report upon programs and prog.
rees.
It was reported today that the
course in trust functions, the new
course just added to the curriculum
Of the A. ]. B. educational program
under tia direction w. II. Baden.
LIB, Is proving one Of the most
popular courses of the semester.
This Is q graduate course, and Is of
exceptional interest and import
ance.
Frederick p. H. Siddons, secre.
tary Of the American Security and
Trust Company, left Washington to-
day for Detroit upon business con.
nected with his company. He VIII
be in the middle West for, about
ten days.
Reports from many local banks
maintaining Christmas Savings
Clubs indicate that the number of
these accounts in 1927 will surpass
those Of 1925, and that the amount
to be paid out this year will be
larger than the more than $4,000 900
dispersed Just before Christmas last
year. In general the amounts per
account are larger than last year.
The total amount of ordinary life
insurance purchased in the United
States in 1925 is well ahead OF any
previous year. The increase OF
sales for the year ranges from 70
s xer cent over the record of 1928.
according to statistics compiled by
two organizations representing the
n1aiority Of the life insurance COM
panies in the United States.
December sales increased $74,'
3S5,O0O over the sales Of last Decem..
her. which was the highest record
ever made. The largest sectional
increase in sales this month over
the sales in December. 1925. is %
per cent in the New England 3tates,
according to figures Just published
by the Life Insurance Sales Re-
search Bureau. of Hartford Conn.
The Middle Atlantic section follows
closely. with a 90 per cent increase.
The records for individual States
show the greatest gains in Maine
and Rhode Island. Gains of at
least 10 per cent for the month
were recorded by % States
During 1926, all sections have
shown increases for the whole year
of at least per cent over the sales
of 1925. Actual sales for the year
have increased approximately $685.
600, 900 over 1925 sales.
Bank clearings are again reduced.
Many of the leading cities continue
to report lower bank exchanges
than at this time last year. The
total as reported to r. G. Dun &
Co. at leading cities in the United
States for the week ending January
AZ is. $9,77S, 083,000. a decrease of
~ per cent. compared with the
figures for the corresponding week
q year ago.