The Washington times., 1927-06-14
BANKERS HONOR
D c WOMAN
BIZ RICnARD HATT0N


Nothing can be more indicative
Of the place that women are. TAX
Ing in the business and financial
life of the country in these days of
feminine progress than the action
taken at the recent annual conven.
ton of the District of Columbia
Bankers Association at Hot Springs,
". Va. when Miss Mary ]. VIM
rec secretary of the Continental
trust Company of this city, was
named vice president for the Dis
trlct of Columbia Of the trust COM
pany section Of the American Bank
ers Association. incidentally, this
is the first instance on record when
woman has received this honor
from the District of Columbia Bank
ers Association and the first time
woman has served in this capac.
ily In the, American Bankers Asso.
citation.
Like most of the prominent bank
OFFICIALS in Washington, Miss Win
Tree began her career as a finan-
Ger in subordinate position.
entering one of the local banks as
stenographer Later she was
employed as chief clerk of the Con-
tlnental Trust Company, of which
Col, Wade II. Cooper is president.
she became assistant secretary in
1913, In 1920 Miss Winfree was
made secretary of the Continental
Trust Company. being the only
woman in Washington to hold a
position OF this kind. Miss Winfree
is regarded an capable and con.
kervative banker.
Miss Winfreo iS xyina rpaeidenF oe
the Washington Women's Bank
Club and member of several local
wofnens' organizations. including
the Quota Club. of which she is a
director Her present appointment
entities her to sit with the council
Of administration of the American
Bankers Association. one of the
important bodies in the ma jor hank
ing organizations Of the country.
With the return of Washington
bankers Monday from the annual
convention of the District of Column
bia Bankers Association at Hot
Springs. Va, the success of the
1927 meeting of the organization
was the major topic in financial
circles today. The generally ex-
pressed opinion was that this years
meeting was the most constructive
and successful in the history of the
organization and there was a
unanimous sentiment that a great
deal of the credit for the success of
the conye ntion was due General
Chairman Lanier p. McLachlen who
directed and coordinated the work
Of the several special committees.
While expressing his personal
era fifiRa finn q tina attAnd0u
the constructive program carried
out at the Hot Springs sessions,
General Chairman McLachlen TODAY
said that the success rested solely
unon the splendid work of the
chairmen of the several subordinate
committees. These were: Program
committee. Edward j. McQuade:
entertainment committee, Lawrence
A. Slaughter: hotel committee,
Luther E. Schreiner; transporta ton
committee, John M. Riordon; pub
licfty and press committee, Freder-
lex p. III. Siddons; sports committee,
G. III. Pope. and womens committee
Mrs. Howard Moran. In the final
analysis, it may be rightly reasoned
that the splendid showing was due,
not only to the officers of the
association. the general convention
committee. the special committees
and the stars of the program but,
also, to the fine spirit of loyalty
and helpfulness displayed by every
member institution composing the
District of Columbia Bankers Asso.
citation.
During the first five months of
this year. it was stated, that new
realty issues aggregated $42O, 000,-
$50, as compared with an estimated
volume of 1882 100000 in the same
period in 1926.
The demand for real estate mort.
gage bond financing continues
strong throughout the country. &C.
cording to the American Bond and
Mortgage Company.
A tremendous increase in the
credit power of member banks of
the Federal Reserve system has
resulted from lessening of the
demand for commercial loans and
the continued inflow Of gold. the
Federal Reserve Board announced
today.
With the United States in DOS
session of practically half of the
worlds gold, experts are trying to
devise a plan to halt the inward
movement and, to force more
equitable distribution.
The practice of European central
banks in keeping about 1000 .0oO,.
600 of their reserves in dollar ex-
change has been another important
influence in causing an inward
flow and preventing gold from leav-
ing America. The central banks
find it profitable to keep a por.
ton of their reserves productivity
employed in United States.