The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1928-09-25
.HIBBS DENIES
RETIREMENT
RUMOR
BY HARRY GUSACK
Financial Editor

hire from active participation in
the management of his firm as
result of a contemplated increase
I'm its membership was made TO-DAY
nv William b. Hibbs, head Of w. b
Hiibbs & Co., the Oldest stock
brokerage firm in Washington
This denial by Mr.. Hibbs spikes
the runtor that has going around
In local financial circles recently
that he would take such action
vhAn two prominent Washing.
tonians, J. Thilman Hendrick and
Karl w. Corby. would become mem
bers of the firm, probably about
October !.
while II is understood that w.
4 Hibbs & Co. are contemplating
taxing into the firm Mr.. Hendricks
and Mr.. Corby. it was learned that
such negotiations had not yet been
contaminated, but, in all proba-
tility, would be by the end OF the
week.
In view Of the fact, however re-
mote. that the transaction might
not be consummated, no official
confirmation of the plan to enlarge
the firm could be obtained.
Hendrick and Corby, both prom1-
nNnt in Washington financial cir
rles, should they add their names
To those of William b: Hibbs and
william w. Spaid, will give addi-
tional strength to the already pow
erful personnel of the organization
aAd result in greatly enlarged re-
sources OF the firm.
w. B. Hibbs & Co. in ADDITION
To being the oldest brokerage house
in Washington, enjoys national
reputation. It is the only member
nj the New York Stock Exchange
having its main office in the
National Capital, and also holds
membership in the New York Cot.
ton Exchange, Chicago Board or
Trade, Boston, Philadelphia and
Washington stock exchanges.
Former Commissioner
7. Thilman Hendrick will bring to
lahe firm the prestige of a long pub
lie and business career in the city.
A former District Commissioner by
appointment of President Wilson, on
September 8, 1920, he has been a
resident of Washington for the last
IS years.
He was born at GAINESVILLE. Tenn,
in 1876, and came to Washington
to study law when he was IL years
old. After gaining a degree in law,
practicing, and then engaging in the
insurance business, he turned to
investment and banking. 1t il In
this capacity and as a public off
cial that he is best known. He
has been a broker here for about
Is years, il a member Of the Wash
jngton Stock Exchange and main
tains Offices in the Woodward Build
ing.
ID. c. Native
Karl w. Corby is a native Wash.
ingtonian, and as such is also
thoroughly conversant with local
business and financial problems. He
Is a SON Of the late Charles I.
Corby, who was president of the
Corby Baking Company for many
years. Karl w. Corby was asso-
ciated closely with his father ia this
enterprise. and, since his fathers
death and absorption Of the baking
firm by the Continental Baking
Company, he has continued his
active part in local financial circles.
A. /. B. Activities
With the openin of reistration for
The fall term of the Washington
Chapter, American Institute of
Banking. classes were organized
last night in three of the eight sub
jectS to be offered under the stand.
ard, prestandard and graduate
courses prescribed by the educa,
tional committee of the chapter,
The classes were held at the chap
ter rooms, on the third floor of the
Becker Building, 1913 r st. n. w.
Although complete enrolment fig
lures will not be available until the
last Of the week, when registrations
close, James A. Soper, president of
the chapter. yesterday estimated
that the totals will at least equal
the 500 record last year, with all
3ndications pointing to a record en-
rollment of 1000. The latter figure
already has been set as the chapter
goal.
Classes holding their initial ses-
Bions last night included that in
commercial law, under Raymond B.
Diekey, the class in standard eco.
Monies, under F. ]. Donohue, and
the class in investments, under Y.
e. Booker. The courses in bank.
ing fundamentals, negotiable in.
Struments and rtust functions will
get under way tonight, and the
class in credits will meet for the
FIRST time tomorrow.
Active with Mr.. Soper in launch.
Ang the new school year, have been
A. z. Henze. of w. B. Hibbs & Co,
chairman OF the educational com.
S1ittee; Frank M. Perley, of the
american Security & Trust Co,
chairman OF the membership com.
hnittee, and Richard A. Norris. chief
consul, whose associate consuls
have co-operated with the member.
ship committee in enlisting mem.
beers in the various banks of the
City.
Mellon Backs Young
The address OF Gov. Roy A,
Young, Of the Federal Reserve
Board at Gary. Ind. relating to
national financial conditions is re
gsrded by Secretary OF the Treas
airy Mellon las rejecting the sit
uation clearly" 1t was learned TO
day
Young declared that the policies
of the Federal Reserve Board ar.
based upon market conditions
rather IMAM lald down TO Drlnf
about conditions and that the re
serve system was meeting the pur
pose for which it was intended.
TOMATO CROP RECORD
CHESTERTOWN, Nd, Sept. rs
What IL believed to be a record yiel
of tomatoes on the Eastern Shor
was grown by Charles l.. Hollett oil
the Moffett farm, near Millington
who picked 1880 baskets from on