Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-08-08

I extent OF 10 StlareS E$*$$$S$$<$S$
at 244 and three S'S'A''''a
shares of American Tbcmas n Pres,on
/ Security s. Trust
/ changed hands at ass. Ten shares o
/ Federal American National came out a
! 1856. and the market for bank issue
/ closed with nine shares of Riggs selling
at $40. or 712 points under the last sale
Mergenthaler Linotype was quiete
I today, but 40 shares changed hands a
/ l00ls and l0O3a One hundred share
of Barber & Ross common moved a
| IS and so shares of National Mortgag
g. Investment preferred appeared Of
/ the board at As.
In the bond division a 81 900 Gas
series A. sold at l04 and smaller dc
! nominations in the p issue changes
hands at l04l4. Capital Traction S
came out at l0lSi.
| SAYS Brains Still Win Best Jobs.
| Big business instead of denying tn
| individual his opportunity in life open
new and better opportunities for hin
than existed in the days when large
! scale operations we're exceptional, say
/ Thomas R. Preston, president of tn
| American Bankers Association.
"A young man now has ten times a
many opportunities as young man lat
a generation ago." he writes in an ar
ticle in the current issue of the Ameri
can Bankers Association Journal
There is proof of this everywhere
Formerly men sought jobs. now job
| seek men. and the most difficult tasi
of every executive is to ind men o
state of efficiency
Thirty years ago people thought tina
because of mergers and combination
We had reached the age of big business
Mergers and combinations then seem
small compared with those of today
In banking it has been demonstrates
over and over again that it is far bet
ter for the public that We have fewel
md larger banks. which are capable o.
meeting adequately every demand
rather than multitudes of small one:
struggling for existence.
The young man whose inheritance
has been fardships and poverty. brains
energy and character. and who is willing
TO pay the price in unceasing toll anc
effort, is the man who is succeeding to-
day, and the little man who is willing
to pay this price is as certain to sue.
coed as the sun shines. The law o.
compensation never fails. There Ia.
IlGtGI OEGE q IliIit NiiSkl Vi dAilS.
and character commanded the premium
they do today"
Bank Resources at AlI-Time Peak.
Resources of national banks in thu
Continental United States, Alaska anc
Hawaii were S28.508. 293 900 on last june
80, the largest amount in history o
the national banking system. Controllel
of the Currency Mcintosh reported to-
day
The resources on June 30 exceeded BY
approximately $3.50. 900 900 the resource,
Of the banks on December 81, 1927, the
only other date when the resources
reached the S28, 900 000. 900 mark.
Figures for the bank call of June sc
were reported by 1861 national banks
and exceeded by 1894, $50 900 the re.
turns shown in reports from 7,T34 banks
on last February %, and we're 81 .926.-
$4,000 larger than those reported by
1876 banks on June 80, 1927
Loans and discounts including reds.
counts, on June 80 amounted to SI5.-
IA. 995 900, an increase OF S745, SAB, 00(
since last February. and 81 ,I89 ,299 .00(
more than year ago.
Cleaned in Financial District.
Claude H. Woodward, head of the
Mount Vernon Savings Bank, is back
at his desk after months vacation
at Old Orchard. Me.
Maurice Otterback, president of tbs
Anacostia Bank, has recuperated suffi-
GENTLY 10 return from Clifton Springs
N. Y, and resume his regular duties
Arthur l.. Linn, controller of the
| Federal American National Bank. is
inxstfan yyannfafc nanaffnf~ tAeirn
an extended motor trip.
Harry M Wheeler of w. Fl. Hibbs &
Co. is taking a three-week vacation
most Of which he viii spend at Ocear
City. ~ j.
Charles D. Boyer, cashier Of thu
Federal American National Bank, hai
returned TO his desk after months
vacation.
The Roxy Theater Corporation ha
declared a regul quarterly dividend O
3Tl2 cents on Class A stock, payable
September j to stock of record Au
gust Is.
Board of Governors TO Meet.
The board of governors Of Washing
ton Chapter American Institute o
! Banking, will meet late this after
noon at headquarters. The new boaKt
/ EJIlEEsLS vi IL W. A~AlAh9A1Sf Tvs o1G9'
/ CLANCY Aubrey O. Dooiey, r. Hunter
/ feith. Stuart S. Ogilvie. l. j. Roberts
/ Mabel v. Royce. Alfred w. Sherman
| Garret NJ. Van Hoesen, Robert O Whit
! ten and Joseph ID. Yerkes. The offl
| GERS are also members.
| At yesterdays meeting Of the edu
| cational committee TO make arrange
/ nents for securing next years faculty
| those present included James A. SopeI
/ A. f. Henze. Miss Rose Royce, Mis-
| Mildred &, WoodcOck, H. w Burnside
| A. o. DoOley, Robert n Lacey, r. Hun
| ton Leith. X. A. Norris, T.. c. Stef
| and r. O. Written.
Treasury Now Making New Bills.
The Bureau OF Engraving and Print
! ing has started printing the new $
bills, which are about one-third analle
than the paper currency now in circu
] ation The notes Will he held in stoc
| until bills of =, D, 10 and 20 and large
denominations are ready t0 be put int
circulation at The same time, abou
July /, 1929 This new money is 10 b
signed by the Secretary Of the Treas
ury, for the first time III history.
viii Attend Advertising Convention,
John Poole Eliot II Thomson, Robei
l., Fiatner and r Fl. Ieith. are anon
local bankers planning 10 attend VI
annual convention oi the Nations
Financial Advertisers Association Z
| Utica H. Y, September II 10 20. TT
members of the advertising c0mmitte
0f the District Bankers Association al
especially interested IN this gathering
CHICAGO BUTTER UNCHANGE
CHICAGO, August M Butter
! Uuchangpd RECRUITS 32l tubs E,nQ