Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-07-03
DELEGATES READY
FOR DETROIT TRIP
Local A. |. B. Chapter to Send
20 MemberS-BankS Re-
port Gains in Deposits.
BY EDWARD G. STONE.

The following members of Wash
ington Chapter will attend thu
twenty-fifth annual convention of thu
| American Institute Of Banking, to b.
| held in Detroit July II, ID. Ia and Is
The delegation will leave Washington
next Saturday night, and spend Sun
day in Pittsburgh, where they will b.
| the guests of the Pittsburgh Chapter
| The delegates:
ii. w. Burnside, Farmers & Me
chanics National Bank; Miss 8. w
| Burwell, National Metropolitan Bank
Miss Loretta Ennis, Second Nationa
Bank; A. E. Hence, w. B. Hibbs 4
| Co: John Keener, Riggs Nationa
Bank; H. F. Kimball, American Sc
curity & Trust Co.: r. HnNfon Leith
Security Savings g. Commercial Bank
Leo J. Moran, w. B. Hibbs & Co.: 8
s. Ogilvie, Second National Bank
Frank NJ. Perley, American Security
& Trust Co.; Ross e. Pollock, Ameri
can Security & Trust Co.; j. s. Rams
burgh. Riggs National Bank; /. j
Roberts, Riggs National Bank; Miss
Mabel V. Royce, Washington Loan
Trust Co.; w. L. Sanderson, Federal
American National Bank: William Il
Schooley, American Security & Trust
Co.; A. w. Sherman, American Sc
curity & Trust Co.; NJ. r. Showalter
Commercial National Bank; r. p. III
Siddons. American Security Il Trust
Co.; James A. Soper, Lincoln National
Bank; e. c. Stoffe, Federal-American
National Bank; Miss Lois A. White
Federal'American National Bank, and
Joseph d. Yerkes. Federal-American
National Bank.
Call Finds Gain i'm Deposits.
Yesterdays bank call issued by Con.
troller McFadden asking for the con.
ditlon of all local banks as Of June 80
found the Washington institutions in
fine shape,
The Saturday half day prevented
the obtaining of figures from a large
number of banks, but conversation
communication with several of the
leading institutions revealed the fact
that the majority of local banks will
report an increase since the call of
March 23.
The Riggs National, the largest
bank in the city, reports deposits as
Of June 80 of $44,S12, S38.79, an in.
crease over the March total Of S..
400, 1910
While other banks in the city may
not report quite as large q proper.
yesterday said their institutions had
enjoyed expanding business during
the past three months and would
show deposit gains In spite of the
usual heavy Withdrawals around
July /.
Complete figures for all the banks
in the city will be available in few
days and be published in The Star.
Committee Assignments Due Soon.
President w. w. Spaid Of the Dis.
trict Bankers Association Is right
now giving serious consideration to
the numerous committee assignments
which are soon to be announced, This
IS a matter of vital importance to the
association, some of the committees,
especially the chairmen, being requir'
ed to do large amount of detailed
work. The special and standing com.
mittees functioned so admirably last
year that several Of the chairmen are
likely to be asked to continue their
services for another II months.
Howard Moran, the retiring presi'
dent, indicated a number of matters
which he hoped would receive special
attention during the coming year.
Among his recommendations were the
setting of definite dates for the meet
ings Of all committees, passage OF a
joint and survivorship account bill, a.
uniform fiduciaries act, and arbitra-
ton act; work by the members toward
the passage of fraud law In the Dis
trict; efforts toward accomplishing
earlier closing of banks during the
Summer; efforts to secure daylight
saving for the District as is in force
in other cities in the Summer; and
several other suggestions of interest
only to the bankers themselves.
Added to these matters, which call
for the pushing of three important
measures before Congress, ia a vast
amount of routine business which
must be divided up among various
committees. The committee on COM
mercial activities always keeps an
important line on the local bust
ness situation. The matter of stand
ard banking forms Is still live sub
1ect among Washington bankers;
standard banking insurance has come
to the front of late, while the work
of the advertising committee is
growing every year.
So 1t goes. If one wonders what
the association will do this year a
chat with any officer will soon con-
vince him that there Is plenty Of
work ahead. Furthermore, the en-
thusiasm already displayed indicates
that the new administration Is sure
to check UP another year of splendid
progress.
Old Point Comfort Most Popular.
During the past 81 years the Viz
ginia State Bankers Association has
held IL conventions at Old Point
Comfort, the resort being as popular
with Old Dominion bankers as Hot
Springs is with Washington bankers.
These conventions at Old Point, of
course, took place in the days of
the old Chamherlin Hotel, which
being rebuilt.
The Virginia association has met
six times in Richmond, five at Hot
Springs and three each In Norfolk
and Roanoke. The bankers also met
one year in Lynchburg and in 1907
went to the jamestown Exposition.
In 1902 they wandered as far away
as Savannah, Ga. Last years ses-
sion was at Roanoke and the one
Just closed-the hirty-fourth-at
Virginia Beach.
The State boasts of very active
bankers association, and wide uni
formity of action on matters Of i'm
pertance to the banking and COM
mercial interests of Virginia has been
promoted at these meetings.
Author OF Magazine Article.
Frederick P. II. Siddons, secretary
of the American Security a. Trust
Co, is the author of an article on
Three Stages of American Bank
ing" appearing in the June number
of Trust Companies Magazine. Mr..
Siddons envisages the development
of American banking from some-
what new and instructive standpoint,
classifying such evolution as the
foundation period. when the people
had but a vague conception of bank