The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1927-06-11
VI ". SPAID IS
BANKERS HEAD
BY RICHARD HATTON

HOT SPRINGS, Va, June III.
W. W. Spaid was unanimously
elected president of the District OF
Columbia Bankers Association at the
annual convention in session here
today. Other officers, elected are:
First vice president, Robert v. Elem.
ilgs second vice president, Wilmer
Waller; secretary, Lanier p. Me.
Lachlen, and treasurer, Albert s.
Preceding the election Of officers,
with Vice President Robert ". Flem-
ing in the chair, the convention
listened to reports from the follow
ing committee chairmen: John NJ.
ttiordon, auditing committee; Victor
=. Deyber, committee on commercial
activities; Eugene 3. Thomson, com
mittee on fraudulent securities;
Francis q. Addison, jr.. committee
on law and legislation; John Poole,
committee on Improbable accounts
and business; John Poole, committee
on insignia; Edward j. McQuade,
committee on standardized banking
forms; Robert v. Fleming. committee
on relations with the u. S. Treasury
and committee on taxation: Eliot H.
Thomson, committee on advertising,
and Frederick p. H. Siddons, COM
nittee on publicity.
After a short recess during which
members Of the American Bankers
Association met the session recon.
vened and heard the reports Of the
secretary, treasurer and the coun.
ell Of administration after which the
new officers of the association were
elected and installed.
Big Golf Tourney Today
Frederick H. Cox of the Com.
nnercial National Bank, won the
William b. Hihbs cup in the an
nual golf tournament. Clyde Asher
hAd won the cup the previous two
years, but failed to clinch the
trophy by the third successive win.
Robert S. Stunz and w. j. Waller
tied for second place.
Convention delegates expressed
great interest in the report of the
committee on Improbable accounts
submitted by President John Poole,
OF the Federal American National
Bank, which covered in detail &C.
tivity charges, returned item
charges, check book charge, buy
and sell orders charge. and collec-
ton charge.
There is no more popular or bet,
ter known figure in Washington
financial circles than Mr.. Spaid, the
new president. Mr.. Spaid has de-
voted great deal Of time to con-
Gtructive work in the interest of
the association and in promoting
the activities Of the American Insti-
tute Of Banking through the Wash
tngton Chapter of that organiza-
ton. The election today, which was
unanimous, bestowed upon the
genial financier the highest honor
IN the gift Of Washington bankers.
Had Military. Career
w. w. Spaid entered the employ
Of William B. Hibbs and Company,
bankers and brokers, in 1900 and
became d member of the firm in
1919. In 1914 and 1915 Mr.. Spaid
was president OF the Washington
Chapter American Institute Of
Banking and from 1918 to 1922 he
was president of the Dupont Ma
tional Bank.
During this entire period he con.
tinued his duties with william B.
Hibbs and Company, relieving the
founder Of the well-known house,
BILLY" Hibbs of many of the more
exacting burdens of the organiza-
ton.
In 1924 Mr.. Spaid was elected
secretary Of the District OF Columbia
Bankers Association. He became
second vice president in 1925 and
first vice president in 1926.
His elevation to the presidency
of the organization today is a fit
ting. climax to his career of sue
cessful and devoted service to the
organization and his many friends
in Washington will join with the
bankers organization in extending
hearty congratulations.