The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1927-03-22
256 STUDENTS
PASS TESTS
BY RICHARD HATTON

The announcement that 256 stu
dents in Washington, have passed
the examinations covering the
courses given during the first half
year by the Washington Chapter,
American Institute OF Banking, and
that they are continuing through
the second semester with the new
courses, brings to the attention of
bankers and the public generally the
excellent work which this great edu.
cational institution is accomplishing
It is worthy of note that the edu.
cational department OF the institute
has $4,000 members, with SO, 900
class enrollments, which makes it
the largest educational institution in
the world, a banking university with
classrooms from the Atlantic to the
Pacific. and with a ast-growing
alumni which will be able to exert
tremendous influence for good In
banking progress OF the future.
In connection with the work of
the institute along educational lines
1t has just been announced that Dean
Stephan l. Miller, national education
director, has been honored with de-
gree by the University Of Southern
California.
Dean Miller occupies In the Ameri-
can Institute of Banking a position
analogous to that of president of a
university, and the success OF the
organization along adult educational
lines is considered one of the most
hopeful signs of the times by ma.
tional educators.
Notable among the local students
who have just successfully passed
the mid-year examinations is DIR.
Harvey w. Wiley. who passed the
tests for the class in investments
conducted by Y. e. Booker and Miss
Mabel Royce. who. also, completed
the course in Investments by sue
cessfully passing the final exams.
Miss Royce being the only woman
enrolled in this course.
With the exception of the course
in banking Fundamentals, conducted
by Eliot III. Thomson of the Wash.
tngton Loan and Trust Company,
the examinations just completed
bring their several courses to a
close for this year new subjects
being covered during the second
semester.
Banking Fundamentals, however,
being study with such an impor-
tant purpose and of such wide
range, is carried forward during the
entire school year.
The subjects covered by the lee
turer vary but the structure of the
course goes on until a firm and
comprehensive foundation for a
banking career is established. The
local chapter is considered especially
fortunate in having an expert Of
DR.. Thomson's caliber at the head
Of this department of its work.
With reference to the present gen.
eral trend of the market the Alex
ander Hamilton Institutes Bureau
of Business Conditions finds that:
Deposits have declined during the
past two months, relative to loans.
The ratio was above "a per cent in
January, but is now around 92.5
per cent. Time money rates, how.
ever, have recently averaged slight.
ly below Al per cent.
If the demand for trade credits
expands substantially during the
coming month and time money rates
on Stock Exchange loans advance
sharply to 5 per cent, the rate
IOuCHcu last OClODST, THIS Tightening
of money would doubtless precipf-
tate sizable reaction in the stock
market"
February building permits in the
SO leading cities Of Canada total
-$T,77S,552, a gain of per cent over
the same month last year and Of 43
per cent over January. Since the
first of the year permits have
totaled $13,207,8 1871, according to the
Dominion's bureau of statistics. This
exceeds by 81 per cent the figures
of 1926 when the previous high
records for these two months was
established and compares with a
Sl5 per cent loss during the same
period in the United States as shown
by the reports OF s. w. Straus
4 Co.
President Francis NJ. Savage, of
the Central Savings Bank, has re.
turned from week end trip to Blue
Ridge Summit where he motored
with Charles Morris!