The Washington times., 1927-06-07
BANKERS READY
FOR SESSION
BY RICHARD HATTON


alton already assigned headquar-
tiers at Hot Springs and provided
with transportation Washington
bankers are today packing kit bags.
suit cases and golf bags prepare.
tory to boarding the tweive.car
special train which viii leave Union
Station Wednesday night at 8
o'clock for the Virginia resort.
incidentally, and of quite as
much importance as the golf eouip-
ments numerous committee reports
and special addresses will be car
rled to the convention to be made
at the morning business sessions
Response to the convention calls
mas been particularly pleasing and
inspiring and the Importance of
the annual gathering Is impressed
more strongly than ever before
upon members Of the association
by the exceptionally large number
OF prominent bank officers and
directors who will attend.
The first session Of the conven.
ton viii be called to order at
$3.50 Thursday morning by Pregi.
dent Howard Moran who will, at
that time deliver his annual ad.
dress.
Reading OF the winning ESSAYS
In the American Institute of Bank.
ing prize contest at the coming
convention of the District Of Col
umbia Bankers Association at Hot
Springs will be of extreme inter.
est to members Of banks as the
subject THE Improved Service to
Customers that Has Been Made
Possible by the Policy Of the Ser.
vice Charge, and the Results ia
Banks" Is OF the utmost inpor.
lance at the present time. The
three winners, Mr.. H. 7. RisselIe.
OF Riggs National Bank: Miss Lois
White OF the Federal-American
National Bank, and Mr.. A. w.
sherman, OF the American Security
and trust Company will be at Hot
Springs to deliver their essays. It
Is hoped that great deal of dis.
cussion will come from the papers.
Frederic j. Haskin, INCORPORATED
is offering 5000, 900. 90 of 7 Der cent
cumulative preferred stock at mar
value of 500 per share. exemnt
from present normal Federal Income
Tax and redeemable at sos ner
share with dividends PAYABLE semi.
annually. The stock is offered when
and as issued and subject n
approval. The Potomac Apartments
and the Haskin Service are both
to be included in the fncorpora tion,
| Frederic ]. Haskin has developed
one OF the most unique, and, nj
the same time, one of the createst
information services in the world
and the success of the enternrise
which he initiated has been pheuo.
menal. From an educational stand.
point the Haskin Service has de.
veloped into great national uni.
versity and is fittingly located at
the National Capital. The burmese
OF the present stock issue is to re.
finance the business property and
to provide capital for the .urther
enlargement Of the already success.
ful business of the corporation.
Chairman John M. Riordon Of the
transportation committee stated 10.
day that tickets for the snecial
train which will carry the District
OF Columbia bankers to the Hot
Springs convention will be delivered
by this evening through Individual
banks. The number who will attend
the convention this year Is far
ahead of any previous attendance
according to reservations already
made with the committee.
A. S. Goulden OF A. s. GoulIen
and Company returned from a bust.
ness trip to New York, TODAY. He
Will attend the District Of Columbia
Bankers Association convention at
Hot Springs the last of this week.
President George A. Harris Of the
Potomac Joint Stock Land Bank
VIII attend the Virginia Bankers
Association convention at Virginia
Beach On June "a and rs.
John B. Larner, president Of the
washington Loan and Trust Com
pany, has returned from attending
the American Bankers Association
conference at Hot Springs. Ark.
During his trip to the convention
he passed through some of the
flooded region of the Mississippi
valley. After the conference Mr.
Larner toured to the Pacific coast.
returning through Canada.
Executive Vice President John M
Riordon Of the Bank of Commerce
and Savings, reports that his insti.
tuition has just completed the most
prosperous six months in its his
tory. The bank was recently placed
on 10 per cent dividend basis by
action OF the board of directors.
A new issue of $500, 900 tax EXEMPT
farm loan bonds, dated June /, of
the Potomac Joint Stock Land Bank
are being offered today by G. r.
Childs & Co. at 1031s and accrued
interest to yield about 4.56 per cent
to redeemable date, 1887, and
per cent Observation-Disclosures PAYABLE
at the Riggs National Bank. These
bonds are direct obligation of
the bank; authorized under the farm
loan act; exempt from all Federal.
State, municipal and local taxation
under a decision of the United States
supreme Court, and are recognized
as 1nstrumentalities of the United
States Government by an act of
Congress.
The final session of the New York
State Bankers Association at the
Mayflower Hotel today was taken up
almost entirely with addresses Gov.
er1ng the operation of financial IN.
stitutions. More than 600 financiers
from the Empire State are attend
ing the annual convention which
has been discussing committee re-
ports and other matters connected
with general and specific banking
problems