Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-01-24
THRIFT WEEK. is GREAT SPUR
TO HOME ECONOMY. BANKERS SAY
Many New Accounts Traced to Campaign
Great Many Bonus Loans Being Made
Now in Washington

by the committee ana those prepared
by some of the banks especially for
their own customers were taken in
large numbers.
No doubt the budget estimates for
savings. giving, food. shelter, clothes
operating expenses and advancement
will he used extensively by hundreds
of families who wonder where their
money goes and if it is being used
TO the best possible advantage. The
different estimates for different salaries
and large Ind small families give a
fine idea of about what should be spent
on groceries, rent, all kinds of wearing
apparel. fuel, light, extra help. enter
tainment. lectures. books. travel, etc
1t is not necessary to keep the actual
figures to get great benefit from the
suggestions, many of the holders OF
the booklets assert.
Victor b. Deyber, chairman Of the
general committee. said today that the
campaign had certainly been stimulat-
| ing to thrift in many ways. 1t is eX
pected that the committee will later
make some report that will point out
so far as possible some of the results
attained. OrW fact already known is
that the Christmas Savings Clubs,
which were kept open an additional
week. have already far surpassed last
year record marx.
Local banks which are making loans
on war veterans bonus certificates are
still being called upon to grant many
such loans. Up to the end of last
week one bank had 50 many requests
from veterans that the line extended
out into the street. Upon proper
identification this bank has been
making loans even to out oftown resi-
dents. The banks that have been
making loans to their own customers
only have also done a thriving bust
ness.
The veterans are now finding little
difficulty in negotiating the loans. Be
fore they get their money in many
instances they are urged by bankers
to see If they can't possibly avoid Dor
rowing the money at this time and
! hold on to the certificate. The bonus
certificates will have very substan
tial value if the holders will only keep
them until maturity or near TO that
time
One veteran went into a Washing
ton bank today and, becoming little
confused, asked for Il loan on zone
of those bogus veterans certificates"
Local Market Strong Today.
Prices on the Washington Stock Ex-
change started off the week strong.
Fifty shares of Mergenthaler sold at
1t0% Potomac Electric Power pre-
ferred came out at f0SA; Lanston
held firm at o. Capitol Traction APP
peared on the board at 1882.
Fifty shares of Riggs National
Bank stock sold at AIS; IA shares Of
Federal-American National sold at
313. and the newly listed Bank of
Il. Mt I'D
closed at 81. One share Of National
Bank of Washington changed hands
at 285. Twelve shares of Washington
Market Co changed hands at so.
Gas 6s, series E, opened at 1898
and closed at 104. The series A bonds
sold at 1037s. Railway as stood at "a
and Washington Market Cold Stora Sc
SIS came out at 81.
Finance Company Elects Officers.
The directors of the Federal Ameri-
can Co. have elected these officers for
! the coming year: w. T. Galliher, chair
man of the board; John Poole, presi-
dent; William John Eynon. vice presi-
dent; Wilmer j. Walker, vice presi-
dent; Charles b. Lyddane, secretary
treasurer and Charles d. Boyer assist
ant secretary assistant treasurer.
The recently elected directors are:
| Byron S. Adams, Lester A. Barr, Al
bert 4. Berry. Thomas Bones, Charles
| D. Boyer, w. +. Brenizer, Walter A.
! Brown, Joshua w. Carr, A. l.. Clarke
Myer Cohen, William Knowles Cooper,
| John Dolph, Il. G. Dulin William John
| Eynon, w. G. Galliher. w. T. Galliher
| Isaac Cans, Fred S. Gichner, w. f.
, Ham, George w. Harris, C.. Nj. Hend-
; ley, Ralph Jenkins, Harry King, Ralph
| w. Lee, Charles b. Lyddane, Louis
| Mackall J. A. Maedel, Arthur d.
| Marks, John l.. Newbold, John Poole
! James Brown Scott, Warner Stutler
Leon Torbriner, George f. Walker
/ Wilmer j. Walker and l.. Perry West.
Banking Bill Comes Up Again.
! Interest among bankers all over the
country today turned toward Congress
| where the House was to renew dis
| cussion of the McFadden banking bill
| following the failure of the Senate and
! House conferees to agree. The debate
! was expected to hinge wholly on the
; Hull amendment relative to branch
banking.
| Life Insurance Sales Up.
F.! West Virginia led all the South
| Atlantic States in new insurance in
December, with a gain of 10 per cent
/ over year ago. The average gain
! for the Southern States was only per
cent. New England reported the
| largest sectional increase in sales for
the month Total insurance sales for
! the whole country for 1926 show an
! increase of $333,000 900 over 1925.
Enrolment Beats Record.
| Enrolment for the second semester
| of the local Banking Institute has
| already reached over 260 students.
! This means that the years enroll
ment will reach nearly 500. This is
a new record for the chapter here.
! When the year opened a goal of 500
| was set, but it was long ago seen that
this would be passed by a large mar
gin.
Trust Conference Planned.
| Trust officers in Washington banks
are planning to attend the eighth
!; midWinter TRUST conference for cor.
+; porate tiduciaries to be held under the
auspices of the trust company divi.
sion of the American Bankers Asso-
| citation at the Waldorf-Astoria in New
| York on February 16, II and IS. The
dates were announced today.
FOREIGN EYCu NNE