Evening star., 1928-05-20
BANK CONVENTION
PLANS
Golf to Be Principal Feature
OF Sports Activities at Mon
tauk Point, IL.
BY EDWARD c. STONE.

tkse DfStrict Bankers Association, TO bt
held at Montauk Beach June to Ia
went forward with leaps and bounds
during the week. Satisfied that the
program for the business sessions viii
provide speakers of outstanding ability
on the important subjects selected
bankers are manifeSting keen interest
IN what the sports committee has
cooked up as sauce with which 10 top
of the business courses.
Luther E. Schreiner, vice president oi
the Merchants Banks & Trust Co., is
out to hang up q new mark of excel
lence for the sports committee, of which
he is chairman. He was a member OF
the original scouting expedition which
chose Montauk Beach for the conven-
tlon this year.
Precedent VIII be followed by con-
flning the business of the convention Ia
the morning sessions and the after
moons will be left free for recreation
with wide range of attractions Golf
aS usual viii furnish the big paStime,
but for those whose inclinations lie
along other directions the usual forms
OF entertainment are available. For the
Strenuously inclined the tennis courts
and bathing beach extend a welcome.
For the middle claSs-too old for tennis
and too young for golf--walkS and bride
paths Will afford just the desirable
expenditure OF energy in a setting of
unsurpassed marine views.
Special Golf Tournament.
A special golf tournament has been
arranged for Thursday, Friday and
saturday afternoons. On Thursday the
scotch FourSome," a classified two
ball contest takes place: that will he
followed on Friday by the "Hibhs Gun "
which brings out some of the classiest
soil PLAYERS in the District of Columbia
ralph P. Barnard has his name on this
cup once, Clyde B. Asher. twice; Herbert
shannon, once; Charles II. Doing
0nce, ano +. II. Cox once. 1t must he
won three times to retain nermanent
Possession. -
On saturday the struggle viii take
pace tor the two silver Guns donated hy
neroert 7. Shannon and Lanier Nc.
Asacnlen. which go to the winners os
CiasS A" and Glass "B." These cuns
are contested for annually until sonne
une Chains permanent possession hy
xr.aslg Won three times The shannon
Sup vas won by Walter B. Guv In Ia9s
- SShS[ies 81 Schaeffer in 1926 and hv
80 - 2. HoalinS IN 1927. The McLachlen
ey ~ g,s,s mSs won by H. L. Mcleod in zoos
H. rs u HosEinson in 1925. and
a ladies' obstacle golf cnntes4 r.;,
take place Saturday afternoon wh;os ~ !.
open 70 all ladies attending tha no,.1 :
Nentlon. with handsome first and ser.
VIC prizes 10 be awarded To tie virfors
ilLee special boards for indoor mutt
AAs nave been provided in fhe ho,a,
@ slo 2 continuous indoor putting con-
test 10 be engaged in at the conven.
ASnse OF players. both men and uoraen
val oe held during the convention
JCoglng from the number of reserve.
uons received up TO this time bv IAN
renee A. Slaughter. chairman of the
transportation committee, the entries in
Inese events win assure spirited con-
Bankers Are Assembling.
Ofhcials Of the joint stock land banks
sTe assembling in Washington t0tiay
1of tWo-nay seF1i-annuaI conference
with the Federal Farm Loan Board
Inc II governors. of the association.
representing the a. land bank districts
viii hold their conference tonrrrogV'
This will be followed by q conference
cn Tuesday and Wednesday with an
the banks In conjunction with the Farm
Loan Board and Treasury Department
officials.
A. W. Hendrick, vice president of the
Bank Of Italy and also president az the
California Joint Stock Land Bank AT
San Francisco. Calf, is president of the
association. and Samuel McCune presi-
cent OF the Ohio Pennsylvania Joint
Stock Land Bank Of Cleveland, is Sec
Ietary treasurer. George A. Harris,
president Of the Potomac Joint Stock
Land Bank, Is q governor represents
Ing the second district.
Rfsz
VIII attend are Gov. A. w Mclean.
president Of the Atlantic Joint gtocl,
Land Bank Raleigh. N. C.. Evans
Woolen. president Of the Fletcher Joint
Stock Land Bank, Indianapolis. Ind .
Walter j. Ball. president Of the La
1agette Joint Stock Land Bank. La
fayeFte. Ind. Charles Boeschcnsiein.
president OF the Chicago Joint Stock
Land Bank; z. Rivers, president OF the
Atlanta Joint Stock Land Bank: q G
Haroenbgook. vice president Of the First
Trust joint Stock Land Bank Of Chi
cago: J. B. Madison, president Of the
Virginian Joint Stock Land Bank,
Charleston, w. Va: W. T. B2rkiey,
president OF the Lincoln Joint Stock
Land Bank, Lincoln, Eebr.. and r, w
Ferguson, president of the Dallas Joint
Stock Land Bank DaIlss1 Tex.
\ late statement OF the Federal Farm
Loan Board shows the resources of the
joint stock land banks TO be Ia excess
o. sSa0.00o,o0o, representing 81 banks
Predicts Greater Business Profits.
Falling prices and interest rates and
record profits we're predicted by David
Friday, economist, Of Washington, be-
for the Maryland Bankers Association
st Old Point Comfort. Va I'm ms
opinion ne said, we shall continue
operating on declining prices ard de-
cIintng interest rates for another FIVE
years. ss we have been doing for the
last seven years. Notwithstanding this
fact. deem IL probable that 1923 viii
SNOW tne largest corporate profits o;
any year in American history ineludiua
the war period" he added:
Fewer companies and individuals
VIII make q Larger profit than in tie
past because profits are won In keenei
competition. and those who are able ID
gsf an even higher production per uni
u labor Bgil more and more ni0n0polizs
tue pfoilts. the others going 10 ttle wall
MS being the case ! fofesee nc
beitermsnl ~ the unemployment situa.
facn even though 1 believe that tia
production sf non agricultural COM
TBoait1eg VIII increase materially, dus
70 improved mechanical and labor eff.
cheney.
PRICES on agricultural eOnlmodi
fse6 are TO-DAY AZ 3 lower level thar
sny which they reached IN the drasti,
depression of 1929 kot only that
but they reached this level IN April
1877. snd have not risen point sine
that time. according N the figures o
the Bureau Of Labor statistics"
CIesned in Financial District.
The Potomac Savings Bank ha
sel9e6 tile growing C0feTie of bank
which are Masking loans 10 individual
na.aaalnMEn nn q aalAEA ,Lan aMnAlLnnE