The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1928-02-16
BANK CHAPTER.
To BACK LEATH
By RICHARD HATTON

At a special meeting OF the
2 Washington Chapter, American
institute of Banking. held in the
quarters OF the District of Columbia
Bankers Association last night. the
q chapter unanimously ratified the
saction OF the board Of governors
taken at it's last regular meeting IN
deciding to place Washington
candidate in the field for election
to the executive council OF thS
American Institute OF BANKING
THE. chapter also unanimously IN"
dorsed the selection Of T. Hunton
I,Aitf. assistant cashier OF the Sc
curity Savings and Commercial
Bank. as Washington candidate.
The local chapter feels that 1t Is
entitled to recognition on the ma
fional executive council by reason
Of ifs Importance and its splendid
record as well as because OF the
TACT that it has been represented
on the national body but once when
Vice President Edward J. Nc
Quade OF the Liberty National Bank
was a, member of the council. His
term expired in 1922 and Washing.
ton has not leen represented since
! that time.
Fine Record Here
r. Hunton Leith has been proni-
nent in Washington Chapter activi-
ties for a. number of years and Is
considered one of the most brilliant
of the Younger bank officials In the
city.
In the field Of local American
Institute of Banking activities Mr..
Ieith has at one time or another
been chairman OF practically every
important committee and has filled
every office in the organization
from secretary to president, being
at present q member of the board
OF governors and chairman or the
committee arranging for the annual
banquet OF the chapter, which VIII
take place next Saturday night. he
IL also a member OF several impor'
tant committees Of the National
A. I. B. organization.
The new uptown office OF the
Second National Bank, at 1S5l-SS
q st. N. W., is rapidly nearing
completion and it is stated that
office space in the handsome new
building will be ready for OCCUPANCY
by April /. The main banking
room, which will occupy the ground
fIoor OF the building, will be finished
about May j, according to present
estimates from contractors engaged
IN placing the modern fixtures and
arranging the decorations and light
ing.
Second National Expands
The Second National, by expand
Ing its facilities for service to it's
modern uptown banking office, is
carrying forward the progressive
policy which has been in force un.
der President Victor B. Deyber and
the present board OF directors. The
formal opening OF the new office
win bO announced later.
I Deposits in local banks are re-
ported as high at the present time.
Considerably larger, it Is stated,
than at the time of the last call of
the Comptroller which was as Of
December 81.
Once more new records were set
on the local Stock Exchange yes.
terday when Capital Traction went
to 1851, Riggs National Bank to
5O9K. Union Trust to 315 and
Chevy Chase Dairy preferred to 1OS.
Earnings of the bank stocks OF
Maryland Corporation. for the
month Of January. it was an.
nounced yesterday. were $2S, 1904.
It Is stated that this rate Of earn
Ing represents more than four times
the dividends payable on preferred
stock.
Joseph Sanders. vice president Of
the Bank Of Commerce and Savings,
has invited the directors ana the
entire staff Of the bank to an en-.
tertainment at his home next Sat.
urday afternoon.