The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1927-06-24
BANKERS GROUP
WILL MEET
By RICHARD HATTON

The first meeting of the council
of administration of the District
OF Columbia Bankers Association,
to be held under the new admins.
tration, elected at The recent con.
vention of the organization at Hot
Springs. will take place this after.
noon in the rooms Of the associp.
ton in the Becker Building. Presi.
dent w. W. Spaid will preside and
1t is presumed. an outline of the
administration plans will be dis
cussed.
A special meeting of the Dis.
trict of Columbia Bankers Associa.
tton also has been called for Tues.
day afternoon. June 20, ut which
the association viii consider the
report of the committee recently
appointed to formulate plans in ref.
erence to subscription by the banks
Of the District of Columbia to the
$4,000 debenture notes of the
Flood Credits Corporation. This
committee Is composed of President
Robert V. Fleming, of the Riggs
National Bank; President Charles
J. Bell, of the American Security
and Trust Company, and Presi-
dent John Poole, of the Federal.
american National Bank.
Consideration now is being given
by the president of the Bankers
Association to the numerous com.
mittee assignments which must
soon be made. This is a matter
OF considerable moment and MANY
of the committees have important
problems to consider involving a
great amount of detail work, espe-
clally upon the part of committee
chairmen. The work of the com.
mlttees. both standing and special.
was of the most comprehensive
character during the past year. as
was evidenced by the reports sub
mtted at the annual convention.
some OF the chairmen who have
done such splendid work this year
VIII undoubtedly be requested to
carry on for another year.
interest in the work of the as.
ISOLATION by officers of member
banks is especially keen and the
new administration is taking up its
duties in a manner to inspire tho
belief that the association win
continN2 undated in its splendid
progress.
Mr.. and Mrs. Clarence F. Nor.
itant will leave Washington for
their summer vacation at Atlantic
City July l.. Mr.. Normant is chair.
man of the board Of the National
Bank of Washington and one of
the oldest and best. known bankers
In the city.
Vice President. Thomas p. Hick.
man. of the Franklin National
Bank. returned Thursday from a
short visit to his country home at
Lovettsvills, Va.
The board of directors of the
seventh Street Savings Bank has
declared a dividend Of per cent
go share) payable on its capital
stock to shareholders of record
June 80, 1927. The books for the
transfer OF stock will be closed
June 70 and remain closed through
June 80. 1927
Directors of the Second National
Bank have declared the regular
quarterly dividend Of III per cent.
An extra dividend of three quar-
ters OF 1 per cent also was declared
az the same meeting. The divi.
dend Is at the rate Of per cent
per annum.
The board also authorized the
transfer of $12.5OO from the
undivided profits to surplus. This
gives the Second National Bank a
total surplus of $5OO,OOO. The divi.
dend is payable july tn stocL.
holders of record June 20. Books
VIII be closed until the above date
OF payment of the extra dividend
the Washington Bank Womens
Club will hold its regular dinner
tomorrow night, at the Little Tea
AouSe on the upper road between
washington and Alexandria.