The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1927-03-09
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Uniforms
81 RICHARD I4ATTON

y -
Ehs regular meeting Of the Dis.
trict 81 Columbia Bankers Associa.
tons conmittee on Standardization
of bank forms win be held at the as.
ISOLATION rooms Friday evening.
This committee. under the chair.
man ship OF Vice President Edward
J. McQuace. OF the Liberty National
Bank. has been at work for many
mOntlls upon the important matter
of simplifying and standardizing the
many forms in use In local financial
institutions, and has made an out.
standing record by, the thoroughness
OF Its efforts
It Is of interest to note in ccllnec.
ton with the present trend toward
Standardization Of banking forms
that this class OF business institu-
tons is one of. the last to undertake
the standardi2ation which was begun
blythe railroads as matter Of neces-
sity, both as. to paper work and
equipment some 40 years ago.
That the present movement to.
ward siInplification IN geenral IL in.
dfcated BY circular No. lat OF the
Federal reserve bank OF Richmond
issued March 4, 1927, which states
that for number Of years the
Amefican Bankers Association has
advocated Standardization OF size
and arrangement Of bank checks,
notes drafts and similar in.
struments. and In January, 1925, it
enlisted the services OF the United
States Department OF Commerce to
promote this end.
The circular continues: Some OF
the advantages which can confident
~ be expected to follow the adop-
tion OF standard forms are: Saves
paper by cutting from standard size
stock: saves money by reducing
clerical personnel: saves time in
filing and handling because of uni
formity of size; eliminates wasting
filing space
The McQuade committee has GOV.
cred practically the entire United
States in its search for the best
ana most uniform in banking forms
ana its work has already been
highly commended by members of
the district Of Columbia Bankers
Association for its constructive con.
clusions
Col. Robert n. Harper. president
of the District National Securities
Corporation. has announced that
the 1,000,0 900 authorized Z per cent
preferred stock Of the company has
been oversubscribed and that Rob-
ert Lee O'Brien has been made gen.
eral manager OF the new corpora.
tion with offices in the District Ma
tlonal Bank Building.
N -
O'Bfien, who is prominent in local
financial and real estate circles, the
following board of appraisers has
been named with Horace G. Smithy
ais chairman: John r. Maury, III. L.
Thornton. and Robert Lee O'Brien.
Officers of the corporation are:
Robert N. Harper, president; Horace
G,wSmithy. Joshua Evans. Jr., c. j..
Gockeler, and Hileary Offutt, Jc.,
vice presidents; G. G. Rogers, treas.
urer, and Barnun L. Cotton, secre.
tafy. The board Of directors is the
same as the board of the District
National Bank.
The regular meeting of the board
Of directors of the Washington chap.
ter. American Institute Of Banking,
viii be held in the quarters Of the
District of Columbia Bankers Asso.
citation this evening at $3.50. Atten-
ton win be given to laying out
work for the second semester Of the
Institutes educational season and
such other matters Of importance
as may be brought up.
steadiness in the general level of
n d.
surplus OF investment capital, says
the weekly analysis Of general busi-
ness conditions made by the Alex
apder Hamilton Institute. are dis.
tlnctly favorable when taken in
relation to the amount of good to
be produced and distributed during
the next 10 months. The ANALYSIS
continues:
THE fact that the general level of
pFices will be steady enough to
inspire confidence among consum.
ers means that a good average vol.
une of merchandise will be produced
end distributed.
The growing surplus of invest.
n1ent capital means that new finane.
ing of building projects will be
stimulated by the condition of the
money market. The Mortgage Bond
Company of New York has,
announced that rates on first-class
mortgages have been reduced from
5a to 5A per cent. The 51a per
cent rate has been maintained for
some time but this company now
believes that plenty Of capital will
BE- Forthcoming at 5K per cent. In
the not. distant future the rate
win probably fall below 5 per cent.
The savings of the country amount
10 nearly eight billion dollars q
year and most of this finds its way
into new construction. especially
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