The Washington times., 1927-01-28
THRIFT Weeks
GAINS LARGE.
d RIOHARn HATT0N

eheckup on the results Of
hslt Week. which closed last
SUNDAY. Indicates that the effcYth
At 4orth BY the general COMMITTEES
headed BY President Victor B. Dey.
ser ot the Second National Bank
ma the several subcommlttees IN
Sharge Of various angles ok the
enrlt movement have been Of
more thAsn usual value to the com.
nunity IL coHatFuctiyely spreading
tae idea Of saving.
. Ch9lrnah Deyber stated to-day
1AaE the especial period devoted to
spreading the thrift idea had been
. decided success.
lie cited especially the increased
number Of savings accounts in local
nanks which could be traced direct.
~ TO the thrift campaign and tndi
Gated that the effort had becn
particularly successful among
school children.
Many OF the banks carried on
fhelF counters during the week
budget books designed to assist
those who desired to systematize
their spending and saving. These
books, It Is stated, have been In
great demand and, II 10 believed
that thar nse viii result In an ap
pDrtiqnipg Of many family incomes
- . way which VIII permit Of q
greater economy Of expenditure
ana larger amount on deposit ~
w9YinBs accounts.
Chairman Deyber said today that
The observable results Of the thrift
campaign Indicated that people are
giving serious thought TO the mat
Ter Of saving and he expressed bis
satisfaction with the result OF the
week which was set aside for tho
preaching Of the gospel OF thrift.
In general q review OF business
Tor the first month Of the year
1927 shows that there has been
n0thing to complain Of.
In the first place there was q
very general spirit Of business OPP
Etmism prevelant with the opening
Of the yeaf. Most OF the. annual
forecasts covering the entire nation
Were optimistic and, while there
was observable certain els'
meut OF caution in predictions made
by local nnanciers and businessmen,
the general view OF the outlook was
optimistic. That this opinion was
amply justified has been demon.
strated by the developments of the
first four weeks Of the year in
washington, and there is upquess
fIopably no room for gloom In spite
Of one or two shadows in certa n
lines. General business has been
unqtiestinably good and the pros
pect 10 for q continuance OF the
present trend in retail trade which
- upward
The following officers have been
reelected by the directors OF the
Securities Corporation Of the Dis
frict OF Columbia; George ~. J4dds
president; Fred Mckee, vice, presi'
dent Arthur D. Marks, vice pfesi'
dent. and Julius I. Peyser, treasurer
and general counsel.
improvements being made at the
Bank Of Commerce and. Savings
have reached a point where 1t is
possible to vision the ensemble
which viii be presented in few
weeks when the final touches have
been put to the interior decorations.
Many friends of the institution are
surprised at the effects which have
been produced by the artistic hand,
ling Of the new interior arrange.
ment Of the banking room which.
when completed, will present one
Of the most attractive az well as
most conveniently arranged Hobbies
and office space i'm the city
Vice president John M. Riordan,
who has contributed largely to the
detail Of the artistic arrangement
b now occupying his new office al
though there remains considerable
finishing work to be done before
the bank will be ready for q
"hoilse-waFming,"
There are few sports which do
not find devotees among the young
or members of the banking pro-
,Ression A basketball league has
Just bee organized among local
banks with the following officers:
q. w. Loving, Washington Loan
& Trust Co., president: q. M. Van
Hoesen, Second National Bank,
vice president, and A. p. Shaw.
Commercial National Bank. secre-
tary and treasurer.
There can be no more conclusive
evidence as to the splendid condition
and management of Washington
banks than the prices at which their
stock Is quoted on the local ex,
change. Recent exceptional price
advances reflect the firm business
foundation upon which these iasti.
tutions rest and the ability Of the of.
ficers and directors In whose hands
the details Of management are
placed,
The eighth annual Eaidwintef con.
ference for corporate fiduciaries,
conducted under the auspices of the
trust company division of the Ameri.
can Bankers Association, will be
held at the Waldorf-Astoria Hotel
In New York on February 16. II ana
~. The sixteenth annual banquet
Of the trust companies of the United
States will be held In connection
with the conference.
CHICAGO LIVESTOCK
CHICAGO Jan. 2s,-Hogs-Re,
eeipts. $4,000: market l0@I5c high.
or. Top, $3.50; bulk, S12,lO@I2.4B:
E.~AwyxY -.,a1EsY.f AZ.