The Washington times., 1928-05-05
BANK MAGAZINE
ROUNDS OUT
VOLUME
BY RICHARD HATTON

n
Dollars and Sense, published by
the washington Chapter. American
Institute OF Banking, came off the
press late yesterday afternoon and
win be in the hands Of members Of
the organization today or tomorrow.
The May issue is the last number
which will be published under the
present administration and rounds
out series Of numbers which has
been marked by excellence of selec-
tive material and capable editorial
and feature handling.
The staff which has been respon.
sible for the appearance of the
magazine during the last year is
composed Of Aubrey @. Dooley.
Commercial National Bank, editor:
William M. Rankin, jr., Riggs
National Bank; Alice I'll. Whitton.
First National Bank OF Alexandra,
Va, and Aubrey B. Carter. Federal
Reserve Board, associate editors;
William f.. Schooley. American
Security and Trust Company. busi-
ness manager. and o. Lehman,
Security Savings and Commercial
Bank, circulation manager.
Candidate Aided
The leading article in the current
issue IS devoted to the candidacy OF
II. Tunton Leith, past president OF
the local chapter. for election to
the executive council of the Ameri-
ean Institute Of Banking at the
annual convention OF the organiza-
ton ii Philadelphia. THE Nation, $
CAPITAL, states the article, has
been without representation on the
executive council since 1922. Wash
anrton Chapter has grown steadIly
since. both in numbers and afflu-
erce. until II is now one OF the
largest chapters OF the institute,
with 4. membership OF 162 ana class
anroIIments Of SAG.
.sFt also has the moral and finar.
efSl support Of the District OF
columbia Bankers Association.
1.-THE time is now opportune Tor
sVVashington Chapter to enter q cam
dfdate for election to. the executive
.rouncil. and IL. Hunton Lesth, a.
fstant cashier OF the Security Saw
5nes and Commercial Bank. mas
been chosen to be placed in nominal
s.Mr. Ieith il eminently qualified
nOf position on the executive coun-
Fril. hts career with the institute
n,ss been one Of continuous service.
Events Of Year
On cha presidents page" /. j..
Roberts. president, takes occasion
"a review briefly the outstanding
Events OF the year connected with
chapter activities and says: AS
Afig WIN be the last issue OF Dollars
@rd Sense under the present
administration want to take this
opportunity to express my deep
appreciation Of the splendid support
wiven me by my associates during
che year now drawing 70 closs.
areiy no president has ever peen
blessed with more loyal group
- fellow workers. The fine spirit
- co-nperation guarantees the con.
tinued growth and usefulness OF
the chapter.
pages are devoted to the coming
PhiIadelphia Convention, the Twenty
fourth Annual Banquet OF the
Wasnington chapter. d u c Il 2 n,
afhIafics the women's committee,
.alk clubs and the always spicy
sswoesin'' BY 4 clever young woman
banker who hides under the nom
as plume Of 'sThe Gossiper."
Feature Articles
Three feature articles mark the
present issue: Gold movements
And the Banking Position by Roy
"A. Young, governor OF the Teaerai
97aaarvn Board; 1.-THE Tax Division
a the Department of Justice" BY
n1ahel Walker willebrandt, Assistant
ATTORNEY General. and Merged Or
.submerged'' By Harold Stonier, Ma
fional Educational Director, Ameri'
can Institute Of Banking.
There "a. also. a bit OF poetry
and = BIT OF fun between the attrac;
ton heliotrope covers emnelilsneu
nth fnnprfnts OF the Capitol and
washington Monument.
Exchange Closed
The New York Stock Exchange
A closed again today in order 10
permit clerks and bookkeepersI IN
brokerage offices to catch up WIN
the tremendous record OF sales
This Is the second time WITHIN
4 fortnight. that trading mas ocen
auspended for an entire day in
.order that the mechanics Of enter
ing and checking transactions might
~ OEOuknL W. w 0@h~' j..
Closing the exchange means that
thousands Of brokers and clerks in
offices throughout the country,
offices connected intimately with
the New York exchange, also VIII
Be idle or have opportunity to clear
up their own overplus of bookkeep'
ing, and there are those intimately
connected with the stock market
who foresee other closed days fol-
lowing repetitions of the 1900, OOO'
share days which have marked re-
cent weeks. In fact. there Is more
tnn mere rumor seen by some
1tues of customers. rooms in
O. suggestion heard in Washington
xMer iay to the effect that the
1s York Stock Exchange was
dotlaitely heading. toward a five
In Florida
Frank e. Ghisell vice president
OF the Merchants Bank and Trust
Company. is in Florida where he
Is attending the Shrine convention
Following the lead of New York
the governors of the Washington
Stock Exchange decided to close
the local trading room today.
LTlM0RE GRAIN MARKET