Evening star., 1928-06-16

American Bankers I. ]. Roberts.
Association,
A committee of Philadelphia bankers
headed by Norman T. Hayes of the
Philadelphia National Bank. has COL
pleted the final, arrangements for the
convention. After reviewing the pro-
gram, Richard w. Hill national secre-
tary of the institute, declared that the
meeting would be the best annual con-
yention the institute ever held" P. r.
Williams. vice president of the Bank OF
Italv National Trust g. Savings Asso-
ctation of California, will preside at the
general sessions.
THE American Institute of Banking
confines its activities to educational
work among bank employees. 1t has q
membership of more than $4,000, with
49, chapters in the leading cities OF the
country. Banking groups in % States,
the District of Columbia and Canada
will be represented by speakers at the
various general sessions and conference
meetings.
Nearly 80 Washington Delegates.
The washington chapter is entitled
TO about 30 seats in the convention
and nearly that number will be present.
Some are leaving here today. others to-
morrow. and the rts- Monday morning.
A glance at the program shows tnat
high percentage Of the speakers are
from New York, among them oelng
john McHugh, chairman OF the execu-
tive committee, Chase National Bank:
Richard Hill. execl' tive secretary, Amer
ican stitute of Banking; Norman q.
Chambers. Peat. .Aarwick. Mitchell d
Co; Nelson NJ Nc arnan. American
Exchange Irving Trust Co: Sidney A.
Tdnnekirl. Barron G. Collier. Inc; Guy
Emerson. vice president Bankers Trust
Co: ctanle- F. Ketcham, assistant
eashie National Park Bank: David b.
Austin. assistant secretary Manufactur-
ers' Trust Co: Walter Hoving, execu-
tive vice president r. Fl. Macy Il Co.;
J. Harvie wilkinson. ir.. Lee, Hlggin-
son s, Co: Ellery S. James, Brown
Bros e. Co: John r. Dunlap. IT,,
Chandler & Co: Leland Eex Robinson.
president Second International Securi-
IT, Corporation: Albert NJ Jones. NJ
snnrel director the Chase National
Bank. New York: Orrin G. Lester. vice
president Bowery Savings Bank: Robert
I. Veit. Koun.ze Bros; Payson q:
Gates, Bankers Trust Co.: Harold
Etonier, educational director American
institute of Banking: Frank NJ. Totten.
vice president American Institute OF
Banking. and Emily r.. Kneubuhi,
executive secretary the National Fed
Grafton Of Business and Professional
Wonaenis Clubs. Inc.
The Washington delegates are
most interested In the election Of I
Hunter Leitf1. past president Of the
local chapter. ga pace on the national
executive council His friends are DO
ing some tail hastIing. and ii is be-
iieyed here that he stands fine chance
of being accorded this honor. Heading
the local delegation viii be I. J. Roberts.
yet. iYz president and Jemes A. Soper.
rewly elected head Of Washington
ci9ap.Gr.
Thirteen 81 .e0e .oee. 900 Companies.
Life insurance men are pointing with
pride 10 the fact that three OF the Is
81 i.O6C 900 900 corporations in this colin-
try are life insurance concerns. The
list includes: American Telegraph 6Z
Telephone Co. s3.256. 500. 900. United
States Steel Corporation, s2454. 100. 600:
E01shern Pacific Pathway. S2.i83 500, :
600: Metrofso;itan Life. s2l03 .O0O, ,D0o
Pennsylvania Railroad Co. 81 .SS5, 400
200. Prudential TliE''anee Co. Si.572.-
2a0 an1. SlanfaYd Oh Co VI New JeT-
EsF. - .s11 sEssB4 45AFJr LN6AHN1HA %1bF
81 .537 400 nq0. .eN YORK Central Rail-
yosA CO. 81 hef. .7oo roo: New York Life
Tnsls-anee Co. ST .2a7 100 coo. Union
Taeifc Railroad co. sil53 400. 600: At
ssgiassa. Totyeka z, Santa Fe Railroad
20. sLi25. 600 o0o. and CElaae National
Bank 81 042, ,500. 600.
I4anssoD Monoiype Dividend.
The directors Of the Tanston Mono
type CO. have declared the quarterly
Dividend u 81 50 per share. payable
August 81 - stock Of record Au2usi
ri As uguzi. The meeting was held ~
Philadelphia. The stock Of this com
psnY Is very widely held In Washington
Liberty Hank Dividend Voted.
Al q meeting Of the board 81 direc-
tors of the Liberty National Bank yes
teFday. the seYai-annual dividend Of 80 50
per share was declared The diSburSe.
usersf VIII b. made On July 2 W STOCK
Of record 1T the ca0se o1 business or
june Is The books viii not be closed
Extra Dividend Declared,
The directors 0f the EanksEoeks Cor.
poF2tt9n ~ Maryland have declared ar
extra DIVIDEND NJ s cents a share be.
sides the regular dividend NJ - cents
share on ~ Class a and Class J.
common shares The HiRioenca are pay.
si3ie J''iY 2 ~ stockhoiderS of record
Jur1e 15
Locai Bank Cieariggs Pan ON.
WsKlqingna hank clesfines for tn
peek ended JUae IN tolaIs6 $z3 s1i 900
tf,plJate6 Iltb Szz "a 800 for the pre-
sims week according ~ EfadstFeeti
report. However CLEARING showed an III
crease NJ GgeT 3 per- cent over the cof
ffspDDdjfg seek year ago, EaIu
more cieaYIEagS were q bit bei0W thu
p9eYl8ss Ngek and also ioYeF than Tia
fa1As Hfek iast year
Other Financial Notes,
Tise GoilsGoo Products C0fporatt0l
fs2s oSelaFeo fne quarterly dividend q
g~iG NJ n share " United Cigar EtJfe
Go ~ kn2sFles common stock. pay2bi
IN ceFt5fsoates maturing III three year,
'fs3e dividend viii be paid July 10 3
ag0ck ~ Ten0fo June ~,
yine Great Western Power co. Q
California subsidiary ~ .ttge Kort
ApaerleSgl ca, tAas broken ground Tor II
TikgS $500 -ksioWaiA steam gensFatiEi
pf9ye g8 nan Francisco Bay
the Treasury annpgDees fenelpt {
pagngenss amounting ~ 800 ,7y1 ~
ft1Bg IL foreign governments 0fI aoT0UI
~ 1belF indebtedness W the Dni1e
Etstes
payments WeFe a& fjjsDws Gfes
Britain 167 no 900. Frame 81 250 tD0l
IssIy. S5g99 400. Eelgium, &55T3 lO0l
EzeeIaosiggskia. ~ 5fD0 900 E6tilyDi
tiO9dt,o, Finland, aial,ze0, H'mgaf
k25, ,fzz