The Washington times., 1927-05-18


SONS brought before the sessio
Speaking upon the more technical
aspects OF the convention, President
Howard Moran of the District OF
Columbia Bankers Association, said
today:
1T has been my good fortune tc
attend these meetings and to be
able to take an active part in the
work which has been handled from
year to year by the convention com
mittees.
THE most important phases OF
the convention are the business ses.
sions and addresses by prominent
bankers and guests who discuss the
questions which are at the time of
the utmost Importance in the minds
OF the banks.
Interesting discussions always re-
suit from the addresses and reports
which are delivered. It is not alone
the banks that gain from these SEES
sions, but through the careful de.
velopment of the programs the
bankers earnestly discuss ways in
which they can better serve the peo-
pie with whom they come in daily
contact.
1T is the banks business to know
how to carefully manage the several
hundred millions of dollars entrusted
to them by the community at large
and to SO handle it that the COM
inunity itself will enjoy the maxi
mum growth and sound develop
ment.
''It is sincerely hoped that there
win be in attendance at the 1927
convention large number of both
bank executives and directors so
that the convention committee will
accomplish its purpose Of having
over 800 present"
At the special meeting of the
District Of Columbia Bankers AS.
ISOLATION held yesterday afternoon
ut the association headquarters, to
consider the report of the commit
tee appointed to investigate the
feasibility of member banks closing
early during the summer, the as
ISOLATION was informed that all Of
the institutions would not agree at
the present time to such closing,
but 1t was felt that much progress
was made within the last month
toward the solution of this question.
We have made very good pro-
gress," said Howard Moran, presi-
dent Of the association, in respect to
early closing, and it is more than
possible that had the activity on this
question started sooner, additional
progress would have been made.
This matter will undoubtedly
come up for consideration next
year, and an effort will be made
10 conform daylight saving, which
exists in other cities in the country"
The board of directors of the
American Security and Trust Com
pany has approved the recommends
ton submitted by special commit
tee regarding the erection of an ad-
dition to the main office building
occupied by the company at the
corner of Fifteenth Street and Penn
eylvania Avenue Northwest, accord
ing to statement made by Presi-
dent Charles Fl. Bell after a meet
ing Of the board yesterday after.
noon.
The necessity for larger office
space brought about by the increas-
ing business of the bank is the reason
for the proposed expansion.
The present main building of the
American Security and Trust Com
pany was erected in 1905 since which
time the company has added addi-
ti0nal property to its holdings adj
jaeent to the present site.
This property is now occupied by
the savings department, the real
estate department and the credit de-
partment.
1t is proposed to house these and
other offices in the new addition.
Plans for the new structure have
not yet been completed but the carry
ing out OF the proposed program
win add greatly to the architectural
appearance Of Fifteenth Street in the
center of the financial district.
The present offices cover ap-
contemplated that the addition will
give the bank approximately 1890
square feet.
Chairman Lanier P. McLachlen
Of the general convention committee
Of the District OF Columbia Bankers
Association has called a special
meeting Of the chairmen and vice
schairmen Of the several committees
working on various angles of the
convention for p. M, tomorrow in
the rooms of the association.
The purpose Of the meeting is
for general discussion of the
work Of the several committees and
to coordinate their efforts. It is
expected that practically all pre-
convention details will be COM
pleted at this general meeting.
At meeting of the ladies com.
naittee, presided over by Mrs. w.
w. Spaid, vice chairman and at
which practically all members of
the committee were present all
plans under the direction Of this
committee were reported COM
pleted.
At a special meeting of the D. C.
Bankers Association called Tuesday
for the purpose of considering the
question of early closing Of banks
during the summer months it was
decided that no action taken at
the present time as all local
institutions would not agree to
accept the early closing plan at this
time.
III E
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