The Washington times., 1927-02-23
BANKERS PLAN
FOR VISITORS
BY RICHARD HATTON

BY RICHARD HATTON
Considerable Importance Is at.
fached to the meeting here April
and Of the regional conference
OF the Savings Bank Division Of
the American Bankers Association
and the local organization, the
District Of Columbia Bankers AS
ISOLATION viii do everything within
Its power to make the stay OF the
visiting financiers q pleasant one.
The local organization Ii under
somewhat OF handicap In this
respect because Of the proximity
Of its own annual convention at
Hot Springs. Va, nevertheless the
Wellsknown hospitality Of Washing
ton bankers will be ably sustained
BY the committees which have
been appointed by President How.
ard Moran, of the, District Of Co
lumbia Bankers Association, as fol
lows:
Executive committeeThe presi-
dents of all local banks who are
members of the Amer. an Bankers
Association.
Reception Committee Harry ".
Haynes, chairman; Charles ]. Bell,
vice chairman; George w. White,
George L. Starkey. Coz ran tom.
". p. Hoover. e. J. Stellwagen,
John B. Larner, C. C. Glover, II.
I'll. Mckee, M. ID. Rosenberg, Julius
!. Peyser, H. w. Offutt, Robert
q q Harper; Francis g. Adds addison,
John; B. Cochran, Peter A. Drury.
G. II. Pope. Floyd e. Davis, Joshua
Evans, IT,, Robert v. Fleming,
Wade H. Cooper, w. W.. Spafd,
and w. j. Waller.
Luncheon and Dinner Committee
Joshua Evans, jr., Chairman; L. A.
Slaughter, vice chairman.
Hotel Reservations Committee
Lanier p. McLAchlen, chairman;
John NJ. Riordon, vice chairman.
Registration COMMITTEES George o.
Vass, chairman, Bruce Baird and /. j.
Roberts, vice chairmen.
Committee on Decorations &C. H.
Doing, jr.. chairman; c. Il. Jacobsen.
vice chairman.
Publicity and Exhibits Committee
Frederick p. H. Siddons, chairman;
w. Reginald Lewis, vice chairman.
Entertainment Committee - Ed
ward J. McQuade. chairman; Luther
p. Schreiner, vice chairman.
Committee on AUTOMOBILE s-O Oscar
Collican, chairman; Albert s. Galley,
vice chairman.
Ladies' Committee-Mrs. Howard
Moran. chairman; Mrs. Harry v.
Haynes, vice chairman.
Program Committee-Howard Mo-
vice chairman; Francis, e.. Addison,
IT., Victor b. Deyber, w. w. Spald,
Robert ". Fleming, w. J. Waller,
John Poole and Joshua Evans, jr.,
President Darwin p. Kingsley, in
the etShty-second annual statement
to New York life polIcyholders. an
nounces that the total assets of the
company had reached the huge total
OF over one and one-Quarter billion
dollars at the close OF the year 1926.
Yet this sum does not seem large
BY comparison with the company's
total amount of insurance In force,
over five and three.quarter billion
dollars, because the company will
need its accumulated reserves plus
future premiums and interest In
order to pay all its insurance, en-
dowment and annuity claims as they
mature.
The public in general Is very much
interested in this one and one-Quar.
ter billions of assets, for the money
Is safely invested throughout the
country In such q way that 1t not
only protects the policyholders but
also promotes the national welfare.
The Investments include first mort.
gage loans on farms, homes and busi-
ness properties; In bonds OF the
United States, Of various States,
counties and cities, as well as the
substantial railroads, public utilities,
etc.
It might be said that the assets OF
q life insurance company represent
the savings Of the policyholders, &C.
ctIrnulated for future use by them
selves and their families, which
eventually will be returned in pay.
ments of principal or income to the
policyholders or their beneficlaries.
Policyh olders are practicing thrift
and their savings are stored up in
the safest of investments.
Moreover, the factor of safety Tor
each individual Is strengthened by
reason OF the fact that all the assets
are back Of each policy. That Is
another way Of saying that the indi.
vidual policyholder has an interest in
every investment the company owns.
President Kingsley's statement in.
cludes the following figures for 1925
business: Over 900 millions Of new
insurance. over 5% billions Of in.
surance in force: over 1873 million dol.
lars paid during the year to policy
holders and beneficiaries, including
SIS millions in dividends.