The Washington times., 1927-06-03

tue transportation COmmlrLSe nave
expressed themselves as confident,
from the reservations already listed,
that the attendance record will be
broken.
Officers Of the association and tho
chairmen Of the several committees
working on convention details will
be the guests Of General Chairman
McLachlen at dinner at the Column
bia Country Club at o'clock to-
night when, 1t is expected, a final
checkup of tho work of the corn
nittees and the general plans for
the convention will be made.
Accommodation Still Open
While officers Of the association
are pleased with the present indi.l
Gated attendance, the point is
stressed that it is not yet too late
to secure Transportation and com.
forable hotel accommodations at Hot
Springs and the inevitable last
minute decision members are urged
to make their reservations as soon
as possible.
A great deal of interest is being
manifested in one absolutely novel
event which will occupy prominent
place on the sport program at Hot
Springs. This is the indoor put
ting contest which will DO open to
both men and women undcr the di,
rection of the sports committee of
which Vice President G. II. Pope OF
the Munsey Trust Company is
chairman, This unique contest is
made possible through the courtesy
of Donald Woodward, who imported
the special putting boards from
Europe.
Check on Events to Be RuIe
Chairman Pope is having a COM
prehensive set of rules governing
this contest printed which will be
followed infinitely. 1t Is announced
that each score made by a contest
ant must be certified by member
of the association who will witness
the individual putting and attest
the record made.
It is not necessary, however, that
this witness be. member OF the
sports committee. A dozen special
disc balls have been presented by
Mr. Woodward to be used in this
contest.
To avoid congestion at the put
ting boards, which will be located
in the Casino Of the Homestead
Hotel, the committee has ruled
that those contestants who are not
attending the sessions of the con-
vention must putt at such times as
will not interfere with the playing
of the delegates later in the day
after the business meetings are
over.
The best ladies' score and the
best gentleman's score made on the
putting boards will play off for the
championship of the 1927 conven-
ton. p
Opening of the new Defense
Highway between Washington and
Annapolis on June II Is an event
of more than passing interest to
Washington banks, business houses
and investment concerns.
1t is realized that the shortening
of the road to the Maryland capital
and the providing of smooth
highway between this city and
Annapolis opens up a large new
field, which holds thousands of po-
tential depositors for the banks and
customers for Washington Iner-
chants.
Heretofore, because of the incon-
venience Of travel between Wash
ington and Annapolis much of the
trade which naturally would have
come to this city has been diverted
to Baltimore.
With the new highway open,
Washington financial institutions
and business houses have more
than an even break with Baltimore
in securing the large amount Of
business to be had from the Mary
land seat Of government. AS a
factor for increasing local bank de-
posts and local retail business the
new Defense Highway is not being
overlooked.
President George L. Starkey, Of
the National Bank Of Washington.
is on a Today motor trip to Butler
county and other sections of Penn
sylvania.
Vice President Edward L. Hillyer.
Of the Union Trust Company has
returned from short motor trip
to Richmond and other points in
Virginia.
For the first five months of 1927,
State and municipal borrowings
through the issuance OF bonds has
averaged $133,139,955 monthly. This
is at the annual rate OF over ST.
soc, O0O, 900 and, according to the
Daily Bond Buyer Of New York,
constitutes a new high record.
Today the United States Govern
ment will withdraw $2,S76,300 from
depositary institutions in the Sec
ond reserve district. Withdrawals
from the entire country on that
date will total $S,661 800. After
this operation $25, SS6,700 Of Gov
eminent funds will remain on de-
post in the second district.
Banks, trust companies and their
subsidiaries originated or partici-
pated in the underwriting Of $17,-
$4,000 real estate securities in
May or 3S per cent Of the total Of
SAG, 659, 900 offered to the public, ac-
cordina to s. w. Straus and Com
pany's compilation of such secur-
tiles publicly advertised or an
nounced.
The following trustees were elect
ed at the annual meeting of the
East Washington Savings Bank:
John c. w. Beall, James A. Dono-
hoe, Gratz e. Dunkum, Lewis
Flemer.. John Ford, w. P. G. Hazen,
Michael A. Lynch, Henry II. Nc.
Kee, Charles A. Mccarthy, Morris
e. NARROW, William N. Payne, jr..
Samuel H Walker, John c. Weed
on, Francis r. Weller, and John c..
Ynsf