The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1927-07-11
YEAR BOOK Of
BANKERS OUT
By RICHARD HATTON

BY far the best issue of Dollars
and Sense, the Year Book of the
Washington Chapter, American In.
stftute of Banking, ever published
made its appearance Saturday in
time to be taken aboard the special
train by the delegates of the local
Organization who left for Detroit to
attend the annual convention of the
institute.
An especial effort was made by the
editors to have the current issue
ready in time for distribution before
the Detroit trip, and, considering the
completeness of the volume and the
vast amount of detail involved in its
preparation, Editor-in Chief Aubrey
Q. Dooley and his staff deserve ex-
ceptional credit for their production.
The issue is replete with excellent
Photographic layouts and single
cuts including recent graduates of
the institute chapter and prominent
local bank officers who have aided
the organization in many practical
ways. 1t also contains several ap-
propriate cartoons and group pic
lures Of athletic teams. The booklet
Is printed on heavy stock and appro-
priately bound in blue and gold.
The leading article in the present
issue is a Prophecy" wherein
some gifted dreamer has waited q
fertile fancy forward to the year
1882 and painted a sketch of mem
bers. of the organization and their
doings twenty-five years hence.
Statements regarding the chapter
are carried under cuts of President
l. ]. Roberts and Past President
e. Hunton Leith. President William
w. Spaid, Of the District of Column.
bia Bankers Association. directs
some appropriate remarks to "those
who do not attend the chapter ses-
eions or are lukewarm in their &C.
tivities."
President Spaid says If the work
OF the institute: 1.-The chapter
courses of study tend to promote
the accurate technical training of
young bankers; in other words, they
are teaching you the theory of your
reasonable to believe that one
Versed in the theory Of banking is
Tar more capable of doing the prac-
teal things, knowing why he does
them, than one who does some
thing because he is told to do it,
without knowing the reason why?"
Past President Howard Moran, of
the District of Columbia Bankers
Association sets forth that: The
future of the District of Columbia
Bankers Association will depend
largely upon the junior officers and
employees Of its member banks, par
ticularly those who are interested
in the work of the Washington
Chapter, American Institute of
Banking" An illuminating article
upon the clearing house is con-
tributed by Chairman Harry ".
Haynes, of the Clearing House AS
ISOLATION, and Education" is dis
cussed by DR.. William Mather
Lewis. president of George Wash
ington University.
Miss Mabel v. Royce contributes
an entertaining article in her usual
sprightly style, and Frank A.
Gunther, jr., sets forth "Why Cor
porations, Organizations and Asso-
cations Operating in the United
States Should Maintain Headquar-
ters in Washington" The issue.
also, contains the years prize-win.
ming essays and a list of those
completing the several institute
courses.
The editorial staff responsible for
the year book is composed of Au.
brey o. Dooley, Miss Lois 4.
White, Miss Mabel v. Royce, Gar.
ret H. Van Hoesen, Norman e.
Towso.., o. Lehman, William e.
Schooley and Frederick P. H.
Siddons.
The National City Company. Har-
ris, Forbes and Company and Lee
Higginson and Company are offer
ing at 95 and interest to yield over
6.36 per cent 100000 Central
Bank for Agriculture, Germany
Deutsche Rentenbank Kreditans-
talt Landwirtschaftliche central
bank, farm loan secured per cent
gold sinking fund bonds, due July
Is, 1860. OF this amount over SILL
100000 principal amount has been
reserved for sale in various Euro
pean markets, including $4,000, 900
TO be publicly offered in the Neither
lands by the Amsterdamsche Bank,
De Twentsche Bank. Lippman,
Rosenthal and Company. r. Mees
and Zoonen and Interenationale
Bank, and $1.750,000 in Sweden by
the Stockholms Enskilda Bank. The
purpose of the issue is to provide
funds designated to increase the
productivity Of German agriculture.
David Franklin Houston, presl-
dent of the American Telephone
and Telegraph Company, former
Secretary of Agriculture in the
Cabinet Of President Wilson, later
Secretary of the Treasury. chairman
of the Federal Reserve Board, and
chairman of the Federal Farm Loan
Board, will succeed Charles A. Pea
body as president of the Mutual
Life Insurance Company of New
York, it is announced.
5000 Attend Opening
DETROIT, July 1.-THE twenty,
fifth annual convention of the
American Institute OF Banking
opened in this city today with
nearly 5000 delegates in attend
Rnce.
An era of national prosperity was
predicted by Paul p. Detwiler, presi-