The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1928-05-01
n { " BANKING
MAGAZINE
OUT
By RICHARD HATTON

: vice President Robert v. Fleming
presided at an important special
meeting OF the District of Columbia
Bankers Association held at the
rooms Of the organization yesterday
afternoon for the purpose of hear
ing = report on Senate bill 1901.
Ito suppress fraudulent practices In
the promotion or sale of stocks,
bonds, etc" It is thought that the
legislation under consideration will
be of even more importance in its
effect In the District of Columbia
than it has been in certain other
territorial units. There is to be a
hearing upon this measure before
the Senate District Committee to-
day.
paul e. Kaiser covered the gen.
eral purposes of the legislation and
explained in detail the provisions
of the bill. He gave particular at
tention to Sections 2 and of the
measure and stressed Section 8,
which eliminates certain require
l11ents In regard to sending notice
20 the United States Attorneys
office regarding certain securities.
He explained that Section simpli.
fies the work Of the District Attor-
Mr.. Joseph schiavone, founder.
and until recently president OF the
international Exchange Bank. will
leave Washington the latter part
of this week for Norfolk and sew.
eraI points in West Virginia upon
business connected with the coming
political campaign, in which he is
taking a deep interest.
New Magazine
ii new financial magazine has
made its appearance In Washington
which seems to be the logical place
of publication for a nationwide
journal covering the high lights of
finance. The new publication is
called the United States Banker and
il edited by Edwy B. Reid with
II liam ". Branch as advertising
lIanager.
The leading article il by Louis I.
MoFadden, aIlthor Of the McFadden
banking bill. and covers the subject
Of Investment Trusts Multiplying
Daily" Some other contributors
are Postmaster General Harry 8.
New. who discusses THE Banker
ar the Air Mall William A. Reid,
who writSs on Northern Dollars
and Southern Nations Capt. Paul
y. Collins on 1.-THE Worlds Greatest
Trust Secretary OF Agriculture
william M. Jardine on Financing
farm Products in Storage, and
others of equal note who cover
timely topics
Loan Listed
eS6.-.-y~
upon recommendation OF its COM
n1ittee on stock list. has listed the
Tinted Kingdom of Great Britain
and Northern Ireland 4 per cent
funding loan of 1960.199O. This loan
OF which there is approximately
1858 900 900 at present outstanding,
Il the 1a.gest foreign government
issue ever listed on the New York
stock Exchange.
The New York Stock Exchange
has ruled that the f100 and E2O0
bonds Of the Funding Loan shall
be treated in all respects as Il
they were $500 and $1,000 bonds,
respectively. They will be quoted
in the same manner as U. 8.
Liberty Bonds.
Visit Bank
Practically every bank officer Of
prominence in Washington a n d
many friends and customers Of
the Second National Bank called
at the new branch office Of the
institution at 1881 G st. n. W. yes.
terday to congratulate President
Deyber, the officers and directors
upon the opening of the new up.
town office.
The lobby of the new bank was
PILED high with flowers sent by
admirers and well-wishers, and COM
1nents upon arrangement, decora'
ton and general banking layout
were most favorable.
Hosts at Concert
The president, officers and di'
rectors of the International Ex-
change Bank will be hosts at
concert on May 20 at $3.50 p. m.
In the Washington Auditorium at
which the artists who will be pre-
scented will be Rafael Diaz and
Rosa Low, of the Metropolitan
Opera Company, who will come
from New York especially for this
T1cca sion