Evening star., 1928-05-15
M'CARL PRAISES
DISTRICT BANKERS
Controller General 'LaudS
Cooperative Spirit at Coun.
try Club Dinner.
RY EDWARD c. STONE.

Controller General j. r. McCarl
lauded the spirit, ability and co-opera-
tion of washington bankers in a brief
talk last evening at the annual pre-
convention dinner at the Columbia
Country Club which was attended by
about IT'S prominent Capital financiers
NO community is more progressive
than its bankers" Mr.. McCari asserted
''and the bankers of Washington have
carried the greater responsibility placed
upon them magnificently. The spirit
of cooperation here is most remark
able and deserving Of the highest COM
plinlent that one can give it. Through
this unity of purpose you have solved
many batting problems much more
efficiently than any single institution
could have worked them out"
The controller general was the honor
guest. The dinner followed an after
noon of golf the honors being carried
off by Bynum E. Hinton, Ralph P, Bon
ner. w. w. Spaid and Luther s.
Schreiner. It seemed strange that Mr..
Spaid, the associations president,
should get one Of the fine golf clubs
Presented as prizes and that Mr.,
Schreiner won the same prize that he
Won last year. but no investigation
was on foot today. The prizes were
presented by Lawrence A. Slaughter,
who. with c. H, Pope, made up the
dinner committee.
Brahany Is ToaStmaSter.
Thomas W. Brahany acted as toast
master at the "SpeechleSS dinner" BY
request he read something he wrote re-
Gently around Harry Sinclair as the
central figure The Double Cross OF
- SI4A
The POSTMASTER then introduced E.
J. NcQuade, general convention chair
man, who gave a splendid outline OF
everything expected to take place at
the coming session at Montauk Beach.
He stressed the program as sure TO
contain much of real value to the bank
inc profession and mentioned the list
of speakers. He said the afternoons
would be given over wholly to pleasure
and named three widely known courses
which viii be open to the Washing
tonians. Dancing, cards, motoring,
boating and special entertainments for
the fair sex have been provided, ana
several professional entertainers from
New York are to add TO the festivities.
The train and hotel service promises TO
be excellent.
Others making very brief remarks
Country Club: Arthur Shelton. w. r.
Fcleer, chief bank examiner in this
district, and Frank j. Hogan, counsel
of the association. In his remarks Mr..
Hogan came out strongly for more
and more and better and better inveStl-
cations because the attorneys get so
much out OF these larger and deeper
uroolens." Robert v. Fleming. head OF
Riggs. who win be the association
next president, was introduced but not
allowed TO speak, and the toaStmaster
exuressed regret that Controller Nc
Intosn. z. w. Stearns and j. w. Pole
were unable 10 be present as guests.
Warrenton Gets Broker Once.
william A. Scully. resident partner OF
Wright. Slade & Co.. announced To-Day
thai the New York firm has opened
a broker Office at Warrenton, va, Va,
vFich viii be managed by e. w. Win
mil a native OF Virginia. former mem-
her nf the New York Curb, and orotner
of Robert winmill, prominent morse
man. sr of
the office significant. owing TO the stnaA
uoyufation of Warrenton, and Calls at
fentior To the fact that il VIII oe one
~ the smallest towns in the united
states to have direct wires to New YORK
srd CHICAGO and the quotation ticker
service The reason, Of course, Is tnat
WarTenton possesses so much wealth IN
the many MAGNIFICENT estates located
there. The new ONCE. on CuIpeper
street. viii also serve Middleburg, Up
perville and The Plains.
Bankers on 10 Convention
Over 30Q bankers will leave Baltimore
by steamer this evening 10 attend the
thiyry-third annual convention OF the
MARYLAND Bankers Association, which
will open tomorrow at the Chamberlin-
Vanderbilt Hotel. Old Point Comfort.
Va. Many other members will go by
automobile
The speakers are william r. Angus
tine, vice president Of the National
Ehawmut Bank OF Boston and pTesa-
dent Of the Association OF Reserve City
Bankers; David Friday OF Washington.
economist: Thomas B. Patton, general
counsel Of the American Bankers As
sociation. and Prot. Gus w. Dyer OF
Vanderbilt University, Nashville, Tenn.
The meeting at Old Point Comfort is
an innovation, as the association for
the past 10 years has held its conven-
tons at Atlantic City. William o.
Peirson. vice president Of the Union
Trust Co. Baltimore. Is president OF
the association and James w. McElroy,
vice president Of Merchants National
Bank. Baltimore. secretary.
Local Securities Firm Today.
Capital Traction sold to the extent
Of f45 shares at 1892 on the Wash
ington Stock Exchange today, Mergen-
thzler Linotype again moved at 1914.
Potomac Electric Power 5I2 per cent
preferred at l0sss and Washington Gas
at 1914 and 81.
Other securities remained firm In
tocay's trading. Peoples Drug Stores
preferred was of fractionally from yes-
terdays high, selling al li4lz. Chest
nut Farms Dairy preferred opened at
104hs ard closed at los.
The first bond sales were in WASH
ngton Gas g. Series A, at I0e7s and
1864. Potomac Electric Consolidated SIS
came out AZ I051z and the same cor
pofatlons FIRST SIS sold at i00Ts for q
G.Deg bond and recorded q S., 900
tfafahief at 1909. Railway dz Electric
- brought 953z and q 81 600 turnover
Washington Railway dk Electric com.
mon and preferred are now being quoted
ez~diYidend on the local exchange.
Cleaned In Financial District.
EAAkefs convention reservations are
pouring In on Lawrence A. Slaughter,
transportation chairman, is having ar
TFeo ~ the first mail this morning.
George o. yasg sent out the second
bo~ealieo convention CALI" yesterday.
tflls announcement apparently proving
most convincing " many who had not
slllsd out the blanks and made out the
Atl3e efeeks accompanying them
WASHINGTON effage - the Mia
sett Co, NJ 905 New YORK avenue. yas
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