The Washington times., 1927-02-11
MORAN NAMES
) DELEGATES
By RICHARD HATTON

President Howard Moran. Of the
District Of Columbia Bankers Asso.
citation. has named delegates from
MS organization to attend the third
Fan:Amertcan Commercial Confer.
ence, which will meet in Washing
ton. Nay 2 to 3 inclusive, according
TO an announcement in the monthly
bulletin OF the District OF Columbia
Bankers Associa ton.
The Washin gton bankers selected
oy President Moran are: pahert ".
Fleming. president. Riggs Narlunal
Sank, representing the National
Bank Section; r. @. Addison, ir., vice
president. Security and Commercial
Sank, representing the Savings
Bank Section: w. w. Spaid, member
Of w. B. Etbbs and Company, rep.
resenting the State Bank Section:
2. Il. Pope, vice president, Munsey
trust Company. representing the
Trust Security Section: and as presi.
dent OF the District OF Columbia
BANKERS Association, Moran will
represent the entire association.
OFFICIAL representatives OF 81
American republics. Delegates are
expected from the commercial or.
sanizations Of the different republics
Or Latin America and the sessions
VIII be such as to bring together
from every section OF the American
continent those men interested In
trade.
This conference viii also meet at
the same time as the annual meet.
ING OF the Chamber OF Comnaerce OF
the United States, and it Is expected
that 4 Joint session Of the two viii
also be held.
The membership Of the District Of
Columbia Bankers Association was
brought to "a by the recent naming
70 membership OF the Bank OF
5rlghtwood, Of which Raymond L.
Schreiner Is president. Other OF.
mcers are G. Z. Osborn, vice presi-
cent Barton w. Perry. vice presi.
uenE 2. !. Sincell, assistant cashier
This institution began bushes In
washington in 1929. and its re.
sources today total over $600,0
it mas made steady progress since its
foundation.
Announcement was made Thurs,
dayAof the organization Of the Ex.
chapge Finance Corporation, with OF.
tees In the Investment Building.
The capitalization is $4,000 900.
the company Is backed by prominent
fInanciers and business men OF
washington and Is organized to do q
general business in financing and
real estate. dealing in bonds, mort
cages, notes and other securities.
Albert Schnell II president OF the
corporation and 10 r. Hurst Is sec.
reLaFy. according to officers of the
organization. there Is a wide field in
Washington for development along
lines followed by the company.
stock e now being offered for sub.
The company is offering 5000
shares Of preferred stock at 800, re.
deemable after one year at $40 per
share, ana is giving one share OIL
common stock to every purchaser OF
two shares Of preferred stock.
Following the practice Of the last
rev years. the advertising committee
OF the District OF Columbia Bankers
Assoctaf ton - requesting data show.
Ing the results obtained from the
Christmas savings club campaign.
It Is expected that they will have 4
very Interesting report to make from
compilation Of data sent in by par.
ticipating banks.
The District Of Columbia Bankers
Association is in receipt Of q com.
rnunication from the Washington
Board Of Trade, calling to its atten.
ton q special meeting to be held on
Thursday, February II, in the audi.
forum Of the Chamber Of Commences
OF the United States, Connecticut
Avenue ana III Street northwest. at
8 p. M. for the purpose Of listening
to an address by e. H. II. Simmons,
president of the New York Stock
Exchange, who win talk on 1.-THE
Myth OF American Financial I'm
perialisrn
During the past month the lunch.
con group OF the District OF Colu.
bia Bankers Association has enter.
tanned e number Of prominent guests,
including 3. w. Stearns, deputy
comptroller; J. w. Pole, chief ma.
tionai bank examiner; Frank y.
Hogan general counsel, D. G.
Bankers Association: Melvin A. Tay.
1or, president of the American Bank.
ers Association; e. e. Mount1oy.
washington office Of American
Bankers Association, and w. w.
Hoxton. chairman OF the board.
Fifth Federal Reserve Bank. Rich.
nond. Va.