The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1928-02-01
BANKERS SPEED
MEETING
BY RICHARD HATroN

convention or the District or Co
lumbia Bankers Association hal
been aroused somewhat earlier thiI
year than in previous years as both
President w. w. Spaid. Of the asso
citation. and General Chairman Ed
ward J. McQuade, Of the conven
tion committee, believe in getting
the preliminaries out Of the way
and having the convention ma
chinery in smooth running order
well in advance. The possibility Of
r. change in location Of the conven'
tion is another stimulating factor
In the early interest peing manifest
by members Of the association.
Tentative arrangements were
made last week for President Spaid
Chairman MeQuade and several
: other members Of the association
20 90 TO Long Island with a view
Of investigating the feasibility OF
suggesting one Of the large resort
hotels near salt water as possible
gelection for the convention place.
Thls trip was called off. however,
but. II Is understood the plan has
%%-Ss 0CG4A SAVGH sQR anu NtAcAI SAAS
1nspsCtion OF the Long Island pos
ability will vet be made.
me Committee Heads
The announcement Of McQuade
OF the committee heads has. also,
served to bring the convention to
the fore and comment regarding
the chairnfan's selections has been
universally complimentary. The
Appointments announced are:
General Convention Committee
Edward J.. McQuade, vice president
Liberty National Bank, chairman,
and Frank stetson, National Savings
and Trust Company. vice chairman.
Program--John M. Riordan, vice
president Bank of Commerce and
Savings, chairman, and Frederick
y. p Siadons, secretary OF the
American Security and Trust Com
pany, vice chairman.
Entertainment-Thomas w. Bra
hany, Of Crane, Paris & Co., chair
man, and 3. A. Bowes. vice presi-
dent OF the Potomac Savings Bank,
vice chairman.
aotel-C. III. Pope, vice president
Of the Munsey Trust Company,
chairman, and Robert 8. Stun,
Park Savings Bank, vice chairman.
Transportation - Il aurenc A.
Slaughter. vice president OF the
Commercial National Bank, chair
man, and C. II. woodward, presi-
dent OF the Mt. Vernon Savings
Bank, vice chairman.
Sports-Luther e. Schreiner. man.
Z ~ - 80 - A. -
Merchants Bank and Trust Com
pany. chairman, and r. 81. Cox,
cashier Of the Commercial National
Bank, vice chairman.
Publicity and Press--George o.
vsse, vice president and cashier Of
the Riggs National Bank, chairman.
. and James A. Soper, cashier of the
Lincoln National Bank. vice chair
man.
Ladies' Committee-Mrs. w. W.
Gpaid, chairman, and Mrs. Robert
". Fleming, vice chairman.
The committee chairmen are all
Veterans In the service of the asso-
citation who have demonstrated their.
sdevotion. and ability and the line
up is one of the strongest the asso-
citation has ever. had on the mana
geriaI end Of the big annual event
With President Spaid and the other
iOfficers OF the association in fIIlI
cooperation, Chairman McQuade
and those he has selected to serve
on : the key committees are now
going rapidly forward with initial
rlans for the biggest convention
event in the history OF the organi-
cation.
Morris Plan Executive
Announcement has been made of
the election OF Willard @. Barker
As vice president and treasurer of
the Morris Plan Bank OF Wash.
dngton. Mr.. Barker has been with
the Morris Plan organization for
about five years and was treasurer
Of the Washington bank for about
three years. He is a banker Of
Thorough experience and mas rem.
dered valuable service In tne ca
pactty Of treasurer. His advance.
ment TO the office Of vice president
I'm addition to his duties as treas.
urer is considered a well deserved
promotion and. also. is an indica.
ton Of the steady expansion Of the
business OF the institution under the
executive direction of Bertram Ches-
terman. who was selected BY the
Morris Plan organizat ton several
years ago to head the Washington
bank.
Checks for the regular quarterly
dividend of per cent were mailed
yesterday by the washington Loan
and. Trust Company. This was in
accordance with recent action by
the board Of directors in auth ".
izing payment Of the regular quar-.
terly dividend. At the same meet
ing the board of directors ordered
the payment of an extra dividend
Of 2 per cent which was. also,
mailed yesterday.
Chairman McFaddens of tn .
banking and currency committee,
has introduced in the House a bill
to amend section 8 of the Federal
Reserve act to permit authorized
State banks to act as repositories
for public money.
The Farm Loan Board reports
that the consolidated statement Of
the condition of IL Federal Land
banks az Of December 81. 1927,
shows assets were $1,243, 947 ,03S,
as compared with $1.242,904, 0Ss No
vennber 80.
b. Ashby LeaVeIl, trust officer
of the Merchants Bank and Trust
Company, delivered the third lee
ttre in a series he is giving be-
fore members of the Washington
chapter. American Institute Of Bank.
ing. His subject last evening was
wills"
PROGRESSES il being made in ad.
ditione to several banks and in
the construction of new buildings
which will be used for branch pur.
poses. These alterations and new