Evening star., 1927-04-05
D. c. MEN TO LEAD
BANK DISCUSSIONS.
Local Bankers to Keep
Wheels Turning During Re-
gionaI Savings Conference.
by EDWARD c. STONE.

BY EDWARD c. STONE.
Local bankers are to keep the
wheels of thought whirling at the re-
gional savings conference which opens
Thursday morning at the Willard, sew
eral having been appointed to lead
the discussions which are to follow
each address.
Joshua Evans, ir.. executive vice
president of the District National
Bank. follows Edward l.. Greene,
MANAGING director of the National
Better Business Bureau, who speaks
on the bureaus relation to savings.
President Victor 3. Deyber of the Sec
ond National Bank will start the dis
eussion after the talk by ii. Brooks
Herring of Baltimore ON Getting
Your Moneys Worth From Savings
Advertising" Following the address
Thursday forenoon by Harry z. Gilt
ford, president of the National Asso-
citation of Mutual Savings Banks, on
Investment of Savings Deposits, y
George L. Woodward, vice president
| of the savings bank division or the
A. r. A., will take part.
THE Purchasing Power of Money
will be handled by Samuel II. Beach
of Rome, y. Y, and afterward dis
cussed by w Espey Algib, deputy
manager, savings bank division, OF
the A. B. A Francis G.. Addison. Jf.
vice president of the Security Savings
& Commercial Bank, has been asked
| to follow Henry H. Mckee, president
of the National Capital Bank. whose
subject is Savings Deposits and Reai
Estate Loans of National Banks Au-
thorized by the McFadden Banking
Bill"
Morehouse Among. Speakers.
President Morehouse will open the
Friday morning session with an ad-
| dress on Various Kinds of Deposltors
and How to Handle Them. Wlillam
+. Ritter of Philadelphia Will speak
on Stimulation of Inactive ana the
Correction of Improbable Savings Ac-
counts" the discussion of this topic
being led by f. II. p. Siddons, secre-
tary of the American Security & Trust
Co. Another local banker, Vice Presl-
dent Edward j. McQuade of the LID
ertv National Bank, will follow Dana
& Sylvester's address on The saw
ings Club Idea" President Robert v.
Fleming of the Riggs National Bank
will follow Orrin e. Lester OF the
Bowery Savings Bank, New YORK, on
"Income Management &. ii. wet
terau, a Nashville banker, is to speak
on Mass Advertising" thA after-dis-
cussion being led by Eliot II. Thorn
son, publicity manager, Washington
Loan g. Trust Co
Other Subjects and Speakers.
At the afternoon session following
the address by Jesse II. Wood OF Rich
mond. on rs the Thrift Idea to Be-
come Obsolete Because of Installment
Buying" President Harry V. Haynes
OF the Farmers & Mechanics Ma
tional Bank will speak. President
John Poole of the F'ederal-American
National Bank will lead the discussion
to follow the address by Keyes Win
ter, assistant attorney general of New
York State, on 1.-THE DeSirability or
1Tndesirabiity of Real Estate Mort
gage Bonds as Investments for say
ings." The final address of the after
noon will be given by j. A. Price, adj
vertising manager of the People S
Savings & Trust Co. of Pittsburgh,
covering his observations on Finan-
cial Advertising"
1t is believed by Chairman Moran
that the question box will bring out
much information of vital Importance
to the banking fraternity. The meet
ing is considered the most important
gathering of financiers that has taken
place in Washington since the Ameri-
can Bankers Association convention
in 1920. The luncheons, entertain
ment OF the women at the Chevy
Chase, and the Thursday evening ban
quet are to be made outstanding fea-
lures. The address by Gen. Albert e.
Dalton, head of the United States Fleet
Corporation, Thursday afternoon, is
expected to be one of the high lights.
as the merchant marine is so vital to
all commercial progress.
Pennsy Large N. & w. Stakeholder.
In his annual report President w.
w. Atterbury reported that the Penn
sylvania Railroad had materially in
creased it's holding in the common
and preferred stock of the Norfolk &
Western and now owns $50, 1928 200 par
value of common and $12 $685. 900 par
value of preferred stock in that COR
poration.
Attention is called to the fact that
the stock Of the Pennsylvania Railroad
is owned by 141 ,202 holders, the aver
age holding being about II shares;
that the stock is largely held for in
vestment, thus imposing great re-
sponsibility upon the management,
and that the company's success in
the past has, in great measure. been
due TO the fact that the stock has
been owned chiefly in the territory
served. The stockholders are urged
to use every means of recommending
the company's passenger and freight
service to the public.
The ton mileage handled by the
Pennsylvania Railroad system in 1926
was equivalent to moving one ton Of
freight 100000 900 miles to carry
ing one passenger a distance of $780,
900, 900 miles. The company's divi-
dend rate during the year was in
creased from " per cent quarterly,
or per cent per annum, to ~ per
cent quarterly or at the rate of 7 per
cent per annum.
Railway Common Out Today.
Washington Railway & Electric
common appeared on the local board
today for the first time in weeks Ten
shares changed hands at 216 and 10 at
217.
.-lst one share of gas stock was out,
this selling at 743s. Capital Traction
sold at 1855 and Merchants Tranfer
& Storage changed hands at 1908.
There was a small sale of National
Mortgage & Investment preferred at
|8A.
The bond market was interesting
Railway & Electric As were the lead
ers, a $4,000 turnover taking place
at S51a. Washington Gas IS came out
at 101%, while the series B sold UP to
105B. A baby series A bond brought
103A.
Potomac Electric consolidated SIS
sold at 1919 and Chesapeake & Po-
tomac Telephone 5s at 101. Washing.
ton Market Cold Storage 5s appeared