The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1927-03-21
BANKERS FAVOR
BAUMES LAW
By RICHARD HATTON

while Il II not a matter given
wide pgblicity, all banks are deeply
inter6steza in the matter OF protec-
ton against fraud and other loss
through the acts Of crimiEally in.
clined persons who hatch manifold
schemes by which they hope to de.
fraud financial institutions. The
banker must be continually on
guard against these criminals, big
and little. and the American Bank.
ers Association maintains an active
committee constantly at work to
counteract the efforts OF those who
would fleece" the bank or its
legitimate customers.
The District of Columbia Bankers
Association, in line with the gen.
eral protective effort, maintains an
active protective COMMITTEES under
the energetic Craftsmanship of Pres
ident Harry ". Haynes, of the
Farmers and Mechanics National
Bank. This committee has done
some excellent work OF g. protec-
tive nature although, obviously, it's
efforts are not of a spectacular
character.
In connection with the curbing
of crime in general, washington
bankers are interested in a state
ment just issued by the American
Bankers Association through it's
protective committee describing the
effective way in which the Baumes
law has curbed crime in New York
State.
The statement. which is in nara
tive form, is being distributed
throughout the country among
bankers, Legislators and other influ-
entail men as part of the COM
mittee's nationwide campaign to pro-
mote the adaptation in other States
of New York's successful methods
of suppressing crime. Last year,
the committee strongly recommended
the Baumes law and has repeatedly
called attention to the need Of
greater celebrity and more drastic
punishment for criminal offenders,
the strengthening Of local and State
police and constahulary forces, and
other principles Of crime control as
embodied in the Baumes law.
In thus advocating sterner anti
criminal methods and In cooperating
in the general suppression Of crime
the American Bankers Association
and the District of Columbia and
Dther local associations are not only
taking measures for their own pro-
lection, but are adding greatly to the
general security of the nation
against crime OF every description. .
Aside from its usual excellent fea-
k1yN fn$
March issue of the Commercial Ma
tional News, published monthly by
the Commercial National Bank, un.
der the editorship Of r. Jesse CLANCY.
carries an excellent article by Paul
B. Detwiler, national president Of the
American Institute OF Banking.
Under the title 1.-THE Man In the
Cage" Mr.. Detwiler sets forth and
corrects some common misunder-
standings of banking procedure and
practice on the part Of the public
and sets forth number of points
which are well worth consideration
by the banking public.
While unusual price movements in
some railroad shares have focused
public attention on stock market
values, the really significant feature
is the strategy that underlies p:1sSl.
BILE mergers, according to study Of
railroad combinations just issued by
G. Mp. Murphy & Co.
w. w. Spaid, of William B. Hibbs
& Co.. who has been on a four
weeks vacation, returned to Wash.
ington Sunday evening and was
back at his desk today where he
was greeted by many friends. Mr..
Spaid is first vice president Of the
District of Columbia Bankers Asso.
citation and one Of the most popular
members of the profession in Wash
ington.
While away, Mr.. Spaid spent some
time at Pinehurst where he IL re-
ported to have established some new
golf records, going later 20 Jackson
Vile. Fla, and on to Palm Beach.
In = little over two weeks the
Eastern regional conference Of the
savings bank division Of the Ameri.
can Bankers Association will con.
vene in Washington. The local
bankers association through com.
mittees appointed by President How.
ard Moran is preparing complete
program for Its participation in the
gathering of out-of-town bankers.
The handling of a convention of this
size is a large undertaking and it is
desired that as many representatives
of local banks as Is possible attend
the two luncheons and the banquet
TO be given for the visitors from
New England, the Middle Atlantic
lnd the South Atlantic States.