The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1927-06-09
BANKERS OPEN
CONVENTION
By RICHARD HATTON

BY RICHARD HATTON
HOT SPRINGS, Va. June g.
President Howard Moran opened the
ninth annual convention OF the Dis.
trict OF Columbia Bankers Associa,
ton at the Homestead Hotel here
today.
About three hundred washington
bank officials and directors arrived
on the special train which left
Union Station Wednesday evening
and will remain until Sunday night.
Thirty-eight Washington financial
institutions were represented al
first session Of bankers convention,
including the newly elected mem.
Der Of the Bank Of Brightwood.
Cali June 80
A feature not on the program
was short address by Comptroller
OF Currency Joseph w. Mcintosh
in which he stated for the inferma.
ton Of bankers that the next call
for statement of condition would
be as Of June 80. This is probably
the first time advance information
as to date of call has ever been
divulged by Treasury.
In his opening address President
Moran expressed his appreciation OF
The work Of the officers of the as.
ISOLATION who have served with him
during the year and mentioned the
growing Importance and prestige Of
the association, stating that four
members OF the Washington organi,
Eation are on important committees
Of the American Bankers Associa.
ton.
The president then outlined the
work sof the council Of admlnistra.
zion and the many committees work.
ing under the executive. Mr.. Moran
especially stressed the importance
ofsthe passage. of the McFadden bill,
saying that 1t was Of vital import.
Rllce that such bill be passed. He
mentioned the splendid work OF
Henry II. Mckee, who, he said, had
b large part In bringing to a success
Sui close the fight to obtain the
passage Of the act.
The president then covered the
special meetings held by the asso-
riatjpn during the year, the en-
ployment service of the association,
the thrift week campaign, the East.
ern regional savings conference and
other important features of the
years work Of the organization.
The work of the Washington
chapter, American Institute Of Bank.
ing was praised by Mr.. Moran, and
he mentioned the growing import.
Ance OF the weekly luncheon meet.
ings Of the association.
The president of the association
stated that he would be glad to
sec the yearly budget increased from
$4,000 to $4,000. He closed with a
summary of recommendations COW
ering many activities OF the associa.
tion's work and said: LET US do our
share in future encouraging the de.
gelopment Of our city and be pre-
pared to handle the business that
will be brought to u.s.
At the conclusion of President
Moran's address the convention re.
celved greetings from the American
Bankers Association. after which a
most comprehensive address on the
McFadden bank bill. was delivered
by Henry H. Mckee, president Of
the National Capital Bank, one Of
the recognized experts upon this i'm.
portant piece of legislation. Mr.. Nc
Kee covered the purpose OF the bill,
indeterIninate charters, consolida-
tion of national and state banks,
safe-deposit business and many other
points covered in the legislation.
Mr.. Mckee was followed by Reu-
ben A. Lewis, jr., associate editor,
American Bankers Association Jour
nal. who addressed the session on
"a Growing Competitor for Saw
tngs." President Maurice D. Rosen.
berg then presented the report OF
the special committee on constitu.
ton and bylaws. At the conclusion
OF this report President Moran named
several committees and the session
adjourned. Immediately after adj.
Jcurnment OF the main session the
vice presidents for the District of
Columbia Of the various sections of
the American Bankers Association
convened.
Turning from the more serious
work Of the convention In the after.
noon the bankers INDUCED in top
spinning contest, a mystery golf
tournament and the preliminary sets
Of the annual tennis tournament.
There will be a cotillion in the
Crystal room Of the Homestead Ho.
tel this evening.