The Washington times., 1927-03-01
.3RD INSTITUTE
FORUM PLANS
b. RICHARD HATTON

By RICHARD HATTON
Much interest Is being manifested
IN the next forum dinner Of the
washington chapter Of the Ameri.
Z can Institute OF Banking, which win
take place at the City Club on
wednesday. March o. at 8 o'clock,
This win be the third forum meet.
ing Of the series and. judging from
the Increasing interest taken In
these exceptionally constructive
affairs. It viii be the largest yet
held.
There were over $50 bank officers
and members Of the local institute
chapter IN attendance at the last
forum dinner and present indica.
tons are that this number viii be
exceeded ct the coming meeting.
The speaker OF March 8 will be
3. Young Tyree. asnistant cashier
Of the Planters Bank and Trust
Company OF Richmond, Va. who
Will take for his subject 1.-THE
Inprotita bleness OF the Collection
Department"
This Is a matter which ID Of con.
siderable Importance. not only to
bank officers but To- hank stock.
holders and clients ct we'll. and ID
one of the many angles Of the bust.
ness OF banking which II now being
put under the glass OF critical
analysis by those whose duty It is
70 square costs with the service rem.
dered.
Mr.. Tyres IL expected to add con.
siderable to the accunulatinR data
upon this important subject.
After the speaker has delivered
his address there will be the usual
discussion 81 the subject by those
present and IL IS believed that
many points Will be brought up
which viii prove OF value to the
a. !. B. membership and. also. to
those older and more experienced
bank officers who attend. &
The success Of these forum din.
ners has been q matter Of comment
during the present season and much
credit II given to Chairman, II. w.
Burnside Of the Forum Dinner Com.
mittee OF the local chapter for the
excellence Of, the programs which
have been provided.
This IL another angle Of the work
of the Washington Chapter, Amer.
lean Institute OF Banking which
ranks high in, the yearly list Of
activities Of this progressive or
ganiZations
''WiII Listing Of Foreign STOCKS
on New York Stock Exchange Mark
End OF European Financial indie.
pendence" Ii the heading over an
article In the current issue OF the
Magazine Of Wall street by Emory
Der1 which says in part:
wall Street Is about to make
another long step forward ON itg
conQuertng road towards the IN.
disputed financial leadership OF the
world. Following the activities Of.
international bankers the New York
Stock Exchange appears to have
decided TO open It's doors to the
common stocks OF leading financial
and industrial corporations of every
foreign country and to Be fnakinr
preparations to reach this end
through q small change n the laws
Of New York State, thus eliminating
the legal intricacies, which have
made the listing Of foreign stocks
= complicated and difficult process.
1T ID quite natural that this
move which ID 4 DESIGNED, to make
New York the biggest ana most
representative market in the world
has created worldwide sensation
ana has once again focused the at.
tention Of leading European finan
cial and Industrial circles upon.
Wall Street.
Though some time must elapsA
before the introduction Of European
stocks to the New York. Stock Eek.
change can actually take place,
Europe has already realised the
enormous significance Of this move
and IL swiftly making preparations
to invade the worlds greatest
market with its stocks and securi.
ties.
''The greatest financial center 81.
the world Mr., Davis concludes,
''WilI move from London to New
York, America will hold the worlds
financial hegeftaony and Wall Street
viii rule en- over the European
continent