The Washington times., 1928-03-21
| 0CAL BANKER
IS HONOR
GUEST
BY RICHARD HATTON

II : =
President Joseph schiavone, Of the
International Exchange Bank, was
tho recipient OF distinctive honor
last night at a dinner rendered him
BY the board Of directors of the bank
which he has conducted with such
conspicuous success for the past
seven years.
Among those who united in doing
honor to the popular washington
banker were men high in the finan-
ciai and official life Of the Capital
and the State OF New Jersey, where
Mr.. Schiavone made his home before
coming to this city.
Gets Key to City
A delegation Of is prominent men
from Trenton, headed by Mayor
Frederick w. Donnelly, joined with
the local guests III expressing appre-
citation Of the character and career
cf the popular guest OF honor.
Evidence that President Schiavone
has lost none Of his popularity in his
former home is found in the act Of
Mayor Donnelly in presenting the
Washington banker with gold key
and the freedom Of the city OF Trcn-
ton, 4 unique honor which was be-
slowed in recognition OF Mr.. Schsa-
vOne,s long and successful political
service to the city, especially in
ne government III Trenton, meas.
IRE Tor which Mayor Donnelly and
Dir. Schiavone fought shoulder to
shoulder.
Recognized as one OF the most
progressive and constructive Of the
Younger bankers in Washington.
Mr.. Schiavone, who is only 81 years
old, has earned an enviable reputa-
ton as q business man and forward
looking citizen during the COM
paratively few years OF his rise
10 success.
His exceptional ability and cour-
age are illustrated by the tact
that he laid the foundation Of his
business career Just Ia years
ago on 3 capital OF $3.50, borrowed
from the District National Bank,
and, while exact figures are not
avaiIable, Il il reported that each
Of the original dollars invested in
the international Bank Is now
worth we'll over $1,000. Mr.. ScLia-
vone came to Washington as a.
sistant secretary to the late Sen.
atUr MARITIME. Of New Jersey, and
Il was while serving in this ca
pacity that be conceived ana put
into practice his successful bank
Ing plans.
Wilson Admires
HE was one of the original Wilson
Democrats, ana II was because Of his
activity ii the Wilson campaign that
he became associated with Senator
MARITIME.
II Is seldom given to q living man
to read SO much OF personal com.
lnendatfon and appreciation as Mr..
SchiavOne will zee IL he reads the
many letters sent to Secretary Aron-
OF. While the Ambassador Of Italy.
Mobile de Martini was unable to
attend the banquet by reason OF
previous engagements. he was rep |
Resented by ChevaIier Luciano Mas
ella, of the embassy staff. who was |
one Of the speakers. Others who |
lauded the career of the guest OF |
honor were Senator III r. Ashurst. |
Senator T.. l. Edwards. Senator .. /
i. Walsh. Mayor r. W., Donnelly. I
~ Trenton. n. J., and Hon. M. 4.
MuGrnanno.
Services Are Praised
While success marked Mr.. Schia,
vone's career as q banker, it was
brought out by several speakers
that this was not won without /
effort and sacrifice.
AGr. Gchiavone's close attention TO
business, his keen interest in the |
affairs of his clients and strenuous
enaeavor in smoothing the paths |
= thousands Of Italians having |
business with Government depart |
|tI7l his conscientious attention |
'Ie Enterprises in which he |
1f service were all laHded |
who spoke
Mr.. Schiavone has de-
cgt of his time to the
has still found oppor
KNh;iN s0r other activities. He
M continued his interest in the
rrIItfcai York of the Democratic
tafir "a New Jersey and has been
<ounteG q powerful factor in the
36i|(If1 EIsld Of his former home.
He 1t lifted q weekly magazine,
81 n|I|a4jno. and has established
nIA1 cE 0cked q steamship agency.
tate business and an i'm.
6epartnnental service which
HN matters for clients from
nt&e Nv every section of the
Many Clubs
Nj. Sclitav0ne Is member Of
file Congressional Country Club.
tie RACQUET Club, National Press
TIlIl. the Real Estate Board, the
fsF1ar1fl1er OF Commerce and the
Board of Trade.
Entertainment was provided by
m,h0mas w. Brahany, George 4.
ggConnor. Matt Horne and J. F.