Evening star., 1927-06-03
HARRISON AND cox
GET PROMOTIONS.
a. Q. Dooley Also Moved Up
in Changes at CONNER
CiaI National Bank.
BY EDNX .NED c. STONE.

BN EDW ARD {. STONE.
Il. Golden Donaldson, president of
the Commercial National Bank, an
nounccs the promotion of Walter J.
Harrison from the position of assist
ant cashier to a vice presidency, Fred
aric< H. Cox from assistant cashier to
the cashiership and Aubrey q. Dooley
rs assistant trust officer. James H.
Baden. who has been vice president
and cashier for several years. relin-
QliShed the cashcrship and will con
tinuc to hold the office of vice preSi.
dent.
Mr.. Harrison is a native of Lees
burg. Va, where he received his first
training in the Peoples National Bank.
He has been connected with the Com
mcrcial National Bank for l3 years
and has been assistant cashier for the
past eight years.
Mr.. Cox ioined the Commercial Ma
tionars staff in 1916, and has been as
siStant cashier for the past eight
wears. He is Il graduate of Washing
ton Chapter. American Institute of
Banking, and long has been one of the
leaders in the local organization.
Mr.. Dooley is a graduate of the
Georgetown University Law School
and member of the Virginia bar. He
has been connected with the trust de-
partmcnt of The bank for two years
and will now devote his entire time
to the work of this growing depart
ment. He, too, is Il graduate of Wash
ington Chapter. A. /. b; a member Of
the board of governors and is soon to
finish a successful year as editor Of
Dollars and Sense, the local chapters $
official publication.
The banks directors made these inn
portant promotions at a meeting late
yesterday afternoon. Mr.. Donaldson
said the promotions were necessary
because of business expansion, adding
that the directors were highly pleased
with the opportunity to reward lonS
and highly efficient service"
Phones Stock Order from London.
What is believed to be the first
Transatlantic telephone stock transac-
ton from Washington was completed
yesterday. when E.mmons Smith, local
business man. calling from London,
placed an order with Chester Lock
wood, representing Hartman & Co.
The order to buy 900 shares of
General Motors stock through the New
York Stock Exchange was executed
and Mr.. Smith notified two and one
half minutes after he had been con-
nected with Mr.. Lockwood. who, in
the meantime, had told him the mar
ket quotation.
Mr.. Lockwood said that he was able
to converse with his customer as he
sat in London hotel as plainly as if
they We're within few feet of each
other instead OF several thousand
miles apart.
New Convention Record Looms.
The District Bankers Association
general COnVentiOn committee has
gone over the top. Lanier p. McLach-
len and John NJ. Riordon reported to-
day that the attendance will be larger
than last year and hang up new
record.
Last year 222 bankers. together
with relatives and friends, iourneved
to the June session at Hot Springs.
The demand for reserVa tions for this
year has now passed that number and
reached 230. 1t is also known that
there will he several more late comers
The convention committee is nat
urally highly clated with the results
The program committee predicts one
of the most helpful sessions in years,
while the sports program has been
afternoon. a day earlier than usual.
The dinner and other social events
are to he fully up to the usual
standard.
Top Spinners Getting i'm Trim.
1t is secretly reported that the eX-
pert banker top spinners are putting
III long hours getting in trim for the
coming contest at Hot Springs for the
Mclean Cup. This cup has been won
two years consecutively by Howard
Moran, retiring head of the associa-
ton. If he captures it again this
year it becomes his personal property
for all time. AS it is a trophy that
any banker would be proud to own
he will just naturally "shake a mean
wrist" again this year.
Nobody seems to know whether I. A.
"Pop" Fleming will again enter his
nonstop top that made a world rec
ord at Hot Springs a year ago. A
local banker. who visited the Virginia
resort recently. declared that Pops"
top was still going strong when he
left there. The top made such an
amazing record last year that Mr.
Fleming was honored with a special
gift at the family dinner and lauded
to the skies for the scientific manner
in which he manipulated the top.
RediscOunts Show Declines.
In the local Federal Reserve dis
trict rediscOunts declined during the
week to S22, ,44S. 900, drop of 81 400, 900.
The Richmond Federal Reserve
Banks statement showed an increase
in total reserves to S100 ,023 900 from
S9S.613 600 the week before and a gain
in member hank reserve deposits of
81 ,426 900 to S6S,97S, 900. A year ago
they were $67,576,O00.
The Richmond banks ratio stood
at 1858 per cent, compared with 1927
per cent in the previous week, and
80 per cent at this time last year,
thus showing a substantially stronger
position in the district in which Bal
timore is located.
Heard i'm Financial District.
Employees of the Union Trust Co
and the Thomas J. Fisher Co. will
have their annual outing at the elabo-
rate estate of Edward j. Stellwagen. on
West River tomorrow and Sunday.
The party will leave by bus and
autos after banking hours tomorrow.
About 125 employees and relatives are
expected for dinner the next day.
The Treasury announces that the
poyu offering of S900 000 OON 49, Dpr