Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-01-25
DISTRICT BANKERS CONVENTION
COMMITTEE CF1AIRMEN NAMED
House Action on McFadden Bill Finds
Favor In Financial Circles of Capital
A. B. A. Action Upheld

observation-disclosures A. Slaugh-
ter. vice president of the Commercial
National Bank.
Hotel -- Luther K. Schreiner, vice
president Merchants Bank and Trust
Co.
Transportation--John NJ. Riordon.
vice president Bank of Commerce and
Savings.
Sports-C. H. Pope. vice president
Munsey Trust Co.
Ladies-Mrs. Howard Moran, wife
Of the associations president.
Publicity-F. II. p. Siddons, secre-
tary American Security and Trust Co.
Several Of these committee chair
, men have already served most accept.
ably on various convention committees
and are therefore familiar with the
exacting requirements. In a short
time they will announce who will serve
as their assistants.
Rejoicing Over McFadden Bill.
There was wide rejoicing among the
majority Of Washington bankers to-
day over the action Of the House YES
terday in breaking the long deadlock
on the McFadden banking bill. The
District Bankers Association was on
record as favoring passage of the bill
without the Hull amendment. That
convention delegates and showed the
members of Congress how they could
end the deadlock.
Mr.. Fleming at Winter Home.
Word has been received from 7. A.
Fleming, the veteran financial editor
and writer, stating that he is now
comfortably located at Hotel Indi.
atlantic, Melbourne. Fla, for the re-
mainder of the Winter. Pop" had
very pleasant visit in Cuba before
going to his old stamping ground.
where he Is an honored guest at a
MOTEL which was opened for the first
time last year and which he helped
to dedicate. when better sunshine
Is made, Melbourne will make it," he
declares.
AT the last meeting of the luncheon
group Of the District Bankers AS
ISOLATION letter from Mr.. Fleming
was read to the bankers. It was TEEN.
ing with wit. The writer state that
while in Havana he had been over
the trail which the Washington bank
ers blazed when they stopped there
on their way to the A. B. A. conven.
ton at Los Angeles. His discoveries
were side-splitting.
Riggs Bank Stock Sells at $50.
Riggs National Bank stock sold at
48O on the Washington Stock Eek.
change today. jump of points since
yesterday. Capital Traction was
strong, A shares selling up to 104.
Potomac Electric Power preferred
came out at 108A, while 10 shares of
Washington Gas Light changed hands
at 10. Railway and Electric preferred
appeared on the board at 90N. Mer-
chants Bank and Trust stock, which
has been so active lately, sold today
at 1908 on a 10-share turnover.
In the bond division, Washington
Gas IS, series B, opened at 103A and
closed at 104, these bonds having been
| unusually active since their recent
listing. Washington Railway and
Electric As registered sale of 83A,
and the same corporations general 6s
changed hands at 103A.
Heard in Financial District.
| Eugene E. Thompson. chairman of
| the board of governors of the Wash
lngton Stock Exchange has returned
| from trip to Louisville in the inter-
asst Of the Associated Stock Exchanges,
| the comparatively new organization
made up of many exchanges outside
of Wall Street.
| Roy L. Neuhauser, twice president
of Washington Chapter, A. I. B., has
offered $50 prize to the student writ
| ing the best essay on, "Why Every
Corporation Should Have Headquar-
ters in Washington"
| President T. II. Leith and Chairman
| I. j. Roberts of the educational COM
mittee of the local institute chapter
| report an enrolment of 289 for the
new semester, making a total for the
5ear of 628 students, or the remarkable
! gain of 165 over last year.
| Joseph D. Yerkes, chairman of the
committee for the institutes annual
| banquet, has called a committee meet
| ing for 5 o'clock this afternoon at
bankers headquarters.
! Allotment of Victor Talking Machine
Co. securities are reported by Frank
| P. Morse, local manager Of j. & w.
| Seligman & Co., to have been on the
| basis of 25 per cent on subscriptions
for the common stock, per cent for
| the Z per cent prior preference stock
and per cent for Sc convertible pre-
ferred stock.
| Joseph l. Saks, former director of
Saks & Co., will become a general part
| ner of the New York Stock Exchange
firm of Benjamin, Hill & Co., on Feb
! ruary /.