The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1927-06-01
A.. |. B. OFFICERS
TO TAKE POSTS
By RICHARD HATTON

Washington Chapter. American
Institute of Banking will install its
newly elected officers in the small
ballroom Of the Willard Hotel this
evening. The ceremonies will be.
gin promptly at o'clock and will
be followed by an informal dance.
I. J. Roberts, assistant to the
president Of the Riggs National
Bank, win succeed T. Hunton
LeitE, Of the Security Savings and
Commercial Bank, as president of
the local chapter. Mr.. Roberts has
been one of the most active mem.
bers Of the Washington chapter for
many years and has served in
many important positions. His ele-
walton to the presidency of the
chapter was without opposition and
his administration is assured the
united support of the membership.
President T. Hunton Leith, who
retires after one of the most sue
ceSsful years in the history of the
Organization will join the other
past presidents in an advisory ca
pacity and win continue his con-
structive interest in the organiza-
ton.
Other officers to be installed this
evening are: James A. Soper, OF the
Lincoln National Bank, first vice
president; A. E. Henze, of w. B.
Hibbs & Co., second vice president;
Lois A. White, of the Federal-Amer.
lean National Bank, secretary;
Catherine Krieg, of the Riggs Ma
tional Bank. assistant secretary: n.
H. Darneille, of the National Met
ropolitan Bank, treasurer, and F. NJ.
Perley, of the Commercial National
Bank, chief counsel.
New members of the board of
directors, who will take office this
evening are: Robert Whitton. of the
First National Bank of Alexandria,
Va; A. w. Sherman. of the Ameri-
can Security and Trust Company;
G. A. Van Hoesen, of the Second
National Bank; Elmer O'Hara, Of
the Seventh Street Savings Bank,
and A. 0. Dooley, of the Commercial
National Bank.
Short speeches will be made by
the retiring president and by the
newly elected officers
There will be q meeting Of the
staff of Dollars and Sense, the
publication of the local A. !. B.
chapter at the rooms Of the or
ganization in the Becker Building
tomorrow at 4:30 D. m, at which
time Editor-in-C Chief A. o. Dooley
will outline plans for the publica-
ton OF the annual year book. The
book will be published about July
/ and will feature the graduates
of the several courses during the
year 1927.
Price levels remaining stationary
or moving very slightly, clearing
house figures may invariably be
taken as a basis upon which to
estimate business activity in any
community. This being the case,
the business pessimists in Wash
ington can find little support in
figures here for the month OF May
which show that approximately ST.
100000 more in checks passed
through the clearing house than
in May, 1925. The exact figures
are: May, 1927, $40, $50, 495. 40;
May, 1926, $118, 1858, 666.24, showing
an increase for the month Of May,
1927, $1,s92, S29.16.
While these figures show a con-
siderable increase in the amounts
covered by checks 1t is not, Of
course, argued that all Of the
money thus covered found its way
into local retail trade. Neverthe-
less, it Is a fair presumption that
a considerable amount Of this
nearly 100000 was spent in
Washington and that ultimately an
average percentage Of it was spent
for necessities or luxuries carried
nv local merchants