Evening star., 1927-11-27
Local Association Helpful.

Local Association Helpful.
Aetna, and real work for continued
helrfulness is being given constant
care of the District Bankers Associa-
tion through it's assistant secretary,
with the help and cooperation of the
banks generally, while the exchange
of credit information at the weekly
luncheon gatherings OF the Ranking
rroup give further checks against
fraud and the efforts of crooks con-
stantlv on the alert to do the banks,
in their wild rush to get something
for nothing.
R,It all this does not block the path
of the duplicate borrower, one OF the
vicious methods of doing business at
the expense of the banks.
The president of the Clearing House
Section of the A. r. A., in submitting
the committees report before recent
convention. said, among other things.
"In a certain country where a credit
bureau was installed this year, the
following interesting and amaZrg
facts were brought to light: Sii Gus
toners borrowed from two banks. 293
customers borrowed from three banks.
81 customers borrowed from four
banks. Is customers borrowed from
five banks, 5 customers borrowed from
six banks, ! borrowed from seven and
| from nine banks
"How n customer could successfully
borrow from nine banks at the same
time is a mystery and should qu1lfy
him as an expert in financial icgerde-
main. We venture no explanation of
this feat. but we know that such stu
ations are causing bankers every
where to sit up and take notice and
To ho
steps to safeguard banking against
The evil-through the fnstrumentality
of the credit bureau"
There is q lesson. text and
sermon to bankers within the quota
ton marks, an urge to forget petty
iealousies and get together, and the
Capital City should not he the last
to respond.
Our bankers have gone far afield
in the cooperative movement and
they should not hesitate, through pet
ty jealousies or the fear of any bank
getting the better of another, in put
ting into effect any measures for the
good OF the fraternity.
4 Great Future for Banks.
Conditions in this country point to
a great future for the banking bust
ness. Consultations, chiefly in other
cities. have brought into existence
great financial institutions capable of
playing star parts in the future great
ness of the United States, a world
power of the first magnitude, the
financial center and the greatest pro-
ducinS Nation in the world.
The McFadden amendments to the
Federal reserve act have opened new
avenues for the employment of i'm
of a
vantage. have increased the opportuni-
ties for making money and, naturally,
the risks will he greater, SO that any
movement that will help check the
business crook should have the united
support of the bankers of the country.
In round numbers the loot of the
thieves of the country is generally
averaged at a billion a year.
The check -kiter has been practically
eliminated. the non-paying deposit ac-
count has been run to the ground.
nearly. but the duplicate borrower. the
forger and the big gentlemaniy crook
are as much in evidence as ever, with
the lse-statement-making merch.
ants. fortunately, growing fewer and
fewer.
There is little question of improved
conditions in this city, nor is there
for this condition belongs, and this
means in the condition of banking no
less than in the relationship with
their customers.
Credit belongs to the District Bank.
ers' Association, the WASHINGTON
Clearing House Association and the
splendid work of individual bankers
who have given their time and service
unrequited to the cause of better
banking.
Every week 25 aggressive bank
presidents. vice presidents and junior
officers gather in the luncheon group
and they thresh out the problems put
their cards on the table In the in.
terest of their fellow bankers. 1t
helps,
At the last luncheon insurance was
brought up for discussion. A few
days ago a great storm leveled the
eastern suburbs of our city. In the
records of tornadoes many cities as