The Washington times., 1928-06-13
LATEST FINANCIAL QUOTATIONS AND COMMENT
" D NJ { n 7 old.
RIGHT WAY
To SAVE
By RICHARD HATTON


Every Washington bank officer is
familiar with the oft-repeated ques-
ton: ''How can become financially
independent Possibly the question
Is more frequently propounded by
women than by men. For the benefit
OF women, an answer was recently
made by Bessie Q. Mott, chairman Of
the advisory directorate of an or
ganization for the education OF
women in financial matters.
Speaking to a group of high school
students she said:
Most women have blundered along
: making thousands of mistakes be-
cause they refused to profit by the
experience OF others. thereby delay
ing their arrival at financial success
and paying dearly for the privilege
OF buying their own experience.
IF one bakes "a cake or plays
bridge. one must follow the rules IN
order to attain success. and 1t is
just the same If one sets out to
create an independent income.
''The first step is to make DELL
mite spending plan that shall keep
spending ones income. leaving
surplus. no matter how small. And
] will tell you something right mere
that NAV be Of great help to you In
your efforts: Do not try to save
too much when you first start.
i have known OF more saving plans
becoming irregular or finally being
dropped through people fixing the
item OF saving at too high a figure
IN their budget than from any other
cause.
Definite Plan
"There is but one answer to the
original question, but that is a posi-
tive ana a sure one: The way to
financial independence is to adopt
4 definite plan OF spending and TO
add few safeguards such as: Be
Industrious; go into debt with eau
ton; make regular deposits in a
savings bank; invest only after in
vestigation and keep your money
working all the time"
At the first meeting of the board
Of trustees of tho East Washington
Savings Bank held yesterday, the
following officers were reelected:
John g. Yost, president; Samuel II.
Walker. vice president. Lewis Flenl-
ef. second vice president, and
Charles A. Mccarthy, secretary
treasurer.
The annual meeting OF the stock.
holders OF the hank resulted in the
election of the following trustees to
serve for the ensuing year: John c..
w. Beall, James A. Donohoe, Crate
e Dunkum, Lewis Flemer, John
Ford. w p. C. Hazen. Michael A..
Lynch, Charles A. Mccarthy, Henry
II. Mckee, Morris E. NARROW, VIII.
liam n. Payne, jr., Samuel IL.
Walker John c. Weldon. Francis
r. Weller and John C. Yost.
Fleming In Office
President Robert v. Fleming, of
the District OF Columbia Bankers AS
sociation, is losing no time in taking
up the duties of his office. He called
the officers OF the association to-
gether at luncheon yesterday for the
purpose OF Immediately outlining a
program for the association for the
coming year and the discussion of ad-
mfnistratiye policies. The officers of
the association, who were elected at
the recent Montauk Beach conven-
ton, in addition to President Flem-
i, ing. are: Wilmer J. Waller, first
vice president; Lanier r. McLachlen,
vice president: Edward j. McQuade,
secretary. and Albert s. Galley,
treasurer.
A. L. Baldwin. president of the Dis
.trict of Columbia Underwriters AS
ISOLATION. has announced that Ralph
Sanborn. of New York, will address
the noon meeting of the local organi-
zatlon at the Gordon Hotel tomor-
row.
President William D. Hoover, of
, the National Savings and Trust Com
pany. has returned from three
weeks fishing trip in Maine.
President r. Golden Donaldson. of
the Commercial National Bank, is
attending the Republican national
convention at Kansas City.
Several Washington bankers, in
Guiding vice president Edison B. Olds,
of the Union Trust Company; Vice
President Howard Moran, of the
American Security and Trust Com
pany, and Executive Vice President
John NJ. Riordon. of the Bank Of
Commerce and Savings. stopped in
New York on their way home from
the Montauk convention