The Washington times., 1928-05-11
s0PER ELECTED
As BANKERS
HEAD
By RICHARD HATTON

ANAt1Oua1 banks was SleCIeQ pres
ident of the Washington chapter
American Institute OF Banking. fol
the coming year. at spirited
election in the quarters OF the or
sanization last night. August E
Henze 81 W. B. Hibbs and Com
pany. was elected first vice pres
idsnt.. and Miss Lois A. White
of the Federal-Anerican National
Banks was. named secretary.
Other officers elected were:
Frank M. Perley. second yict
president: Robert III. Lacey. treas
fetary, and Richard H. Norris, CHIEF
counsel. The following were elected
20 the board Of governors: Harold
w. Burnside, Stuart s. Ogilvie
Mabel ", Royce and Joseph y
Yerkes.
The election Of Soper brings him
highest position IN an or.
lion in which he has served
with conspicuous ability in several
other capacities and to which he
has given devoted attention for
many years. 1t is a fitting tribute
eo hts work and worth.
Tribute to Young Woman
The new vice president also has
won his way up by conscientious
service and attention to the inter-
ests of the organization, and the
election OF Miss Lois a. White Is =
marked tribute to q young woman
who holds an enviabls position
among bank women in Washington
and who is one OF the outstanding
figures in the local A. I. B. chapter.
The retiring administration,
headed by President J. J.. Roberts,
Of the Riggs National Bank, has
made wonderful record. Its
achievements have been marked and
high standard has been set for
the incoming administration. For
f1nately, all of the officers elected
last night have had considerable
experience in the administrative
affairs Of the chapter and viii
carry on to bigger and better
things.
THE election Of the president, vice
president and secretary was unani-
NOUS, there being no opposition to
the candidates, hut there was more
than usual excitement and cam
paIaninR before the other officers
were finally chosen. II
Mackenzie With Investment Firm
Roland Mackenzie yesterday was
added to the local office force Of
q. IL. P. Murphy 4 Co. it was an
nounced by Oscar Coolican. in
charge nf the two Murphy offices
hers. 1t was stated Mr.. Mackenzie.
who Ii wei known, locally and.
nationally, is starting az the bottom
to learn tho investment security
business from the ground up.
Industrial corporation earnings
Tor the FIRST quarter Of 1928 are
generally running ahead Of the
corresponding period OF 1927, the
American Bankers Association Jour-
nal says It's current business
&evSle.
sslEarnfnR statements recently
ibllshed ~ leading induetrial corr
Creations for the first quarter OF
the current year make very
satisfactory showing. says the
Journal. aOf the first 100 or
iaore reports issued, two-thirds are
running higher than in the first
quarter Of 1897, which comes some
what as q surprise in view Of
the complaints so frequently heard
on business since the first Of
January, and also considering that
the initial quarter Of 1927 was
one of, the best.
General Motors Corporation, the
worlds largest industrial organiza.
tion In point Of earnings, reported
net profit of $69, 469, 900, the
highest in ite history with one
exception, and comparing with $751;
\ 631 300 in the corresponding guar.
ter last year, = gain Of 80 per cent.
Ahead Of Last Year
AOf Is other motor car and
accessory manufacturers, II were
ahead of last year, and only one
Increased from $40. 220, 900 to $780,
100000. or 80 per cent.
United States Steel Corporation
reported net profits after charges
Of S21, $4,000 as compared with
926sS2T, 600 q year ago, representing
q decline Of IL per cent. Nine
other large steel companies had
combined earnings for the quarter
of 413,3S1 900, compared with $16,.
$4,000 a year ago. being q decline
of 20 per cent.
among OtnSr industries there Is
more irregularity, although the
majority Of reports show an i'm.
provement. The oil industry appears
TO be recovering, while coal is still
ndepressed Baking, foodstuffs and
merchandise continue their steady
upward trend. Textiles, metals and
machinery are irregular"
Bankers Guests
) Chairman Laurence A. Slaughter,
Of the committee arranging the
+ preconvention dinner Of the D. {.
Bankers Association. which will be
held next Monday evening at the
Columbia Country Club. announced
the guests specially invited by the
association yesterday as follows:
]. r. McCarl, Comptroller General
OF the United States; Joseph w.
Mcintosh, Comptroller of the Cur
rency; william p. Folger, chief ma
tional bank examiner: e. e. Mount
10y. American Bankers Association;
j. "A. Fleming, Frank J. Hogan,
Arthur B. Shelton, John G. Walker,
T Wiley Stearns, deputy Comp
4roIIer Of the Currency; r. G.. Await,
deputy Comptroller OF the Currency:
John w. Pole, also connected with
the ComptFoller's office; F. w. Pat
terson, e. c. Stone and Richard
Hatton.