The Washington times., 1928-04-16
M KEE To HEAD
VA. RESERVE
BANK
BY RICHARD HATTON

vice president of the Federal-Arher
lean National Bank, was made 9
member of the advisory committee
at the annual meeting of the stock
holders association of the Fedora
Reserve Bank of Richmond. Waller
replaces Robert v. Fleming, presi
dent OF the Riggs National Bank, on
the committee. the term of the
latter having expired.
One OF the most constructive and
Interesting incidents of the meeting
was the presentation by John Poole,
president of the Federa1-American
National Bank of this city. the re.
firing president of the association.
OF a chart. which he had carefully
worked out. showing the percentage
OF various groups. Of expenses. net
Ansses and net profits to gross earn
A@gs. His figures covered the Fed
AgaI Reserve System as whole for
atx years: then similar figures for
The national banks in Fifth Federal
Reserve District. The items covered
Interest paid on deposits. interest
paid on borrowed funds. salaries
qnd wages. taxes paid other ex-
Denses. net losses charged off. and
act profits.
} Space was left on the chart so
that each bank can fill in it's own
figures and see exactly how it stands
with the system as a whole and
with the banks in this territory
President Poole is recognized as one
Of the most expert and competent
analysis of banking problems in
the country and his presentation or
= simple and accurate system by
which expenses can be demonstrated
ut a glance proved of the utmost
walue.
WeaIthiest Citizens
The New Zealander, with $3,317.70.
e. the wealthiest average citizen in
40 world; the Swiss next. with
e9ssss.20; the American third, with
@s.S41 so. and the Rumanian fourth,
&vitE 81, 500. 80. according to the world
economic chart for 1927. compiled
~ Redmond & Co., investment bank
Iers. at 81 Pine ST.. New York city.
Great Britain, with $2,690.1O per
capita: Canada, with $2,662.40, and
australia, with $3.50. follow in the
wrder named. At the other end of
rfhe prosperity scale are Soviet RCs-
STA, with S216.60 per capita: Greece,
S395,SO, and Bulgaria. $403. y
The heaviest per capita debt. ac-.
cording to the chart. which analyzes
she economic status Of 40 countries
aInder SO headings. is borne by Great
Britain, with S914.3O. New Zealand
has $829.70 and France $458.2O. The
debt per capita for the United States
h $I55.20. In cost Of living, figured
hn q prewar basis of 100, Rumania
hanks first. with $500: Bulgaria next,
with 1858, and Greece third, with
1854. On the same basis, the cost
nf living last year in the United
states was 173: Great Britain. 169,-
France, 507. and Germany, $50. The
lowest living costs are reported in
Austria, with los; Hungary. H., and
poland. 1909.
The election of delegates to rep
ERsent the Washington chapter,
american Institute Of Banking. at
he annual convention OF the ma
kional organization to be held in
philadelphia in June. will take
place on April 20. The following
members of the local chapter will
bs on the list from which 30 will
- selected: /. 7. Roberts. James
a. Soper, A. E. Henze I'd; Miss Lois
"A. White, Fl. H. Darneille. Miss
catherine Kreig, Frank NJ Perley,
Harold w. Burnside, r. Jesse Cha
hey, A. o. Dooley, 7. Hinton Leith,
Raymond p. Lochte. Miss Mabel V.
Royce, Alfred w. Sherman, Rob
ert G. whitton, p. NJ Garnett, Pey-
ION 3. Fletcher, jr.; John r. Keener,
Miss Esther r. Lau, Donald A. Nc
Cormick. G. Harry Norris, J. Ste
phen Ramsburgh, Dickson s. Sroufe,
Miss Anne NJ. Uppercue. Miss Ruth
n. Gouchenour, Henry F. Kimball,
William E. SchooIey. Frederick p.
II. Siddons, Miss Mildred c. Wood
cock. Raymond D. Lewis. Willard
IIigbie.. Charles d. Boyer. w. L.
Sanderson Edwin c. Steffe. Will
Jner j. Waller, Joseph D. Yerkes,
Edward J. McQuade, Mrs. Helena
D. Reed. Albert Lyman. Miss Ma
bel l.. Boyce, Arthur C. Doying,
Herbert D. Lawson Arthur c. Har-
man, Stuart S. Ogilvic, Gerald F.
Keene. Mrs Judith w. Fishburn.
Bruce g. Crandall, Miss Mary Jane
,Winfree, Lincoln H. Phillips, w. n.
Cradlin Robert Fl. Lacy, Aubrey r.
Sisson, Leo j. Moran, Aubrey B.
Garter, Ernest ". Rauth. and G. c.
Brant.
Confidence Expressed
, Concern regarding the speculative
boom in the stock market, but conf
dcnce as to the general state of bust
ness, especially in respect to improv-
ing agricultural conditions. was ex.
pressed by bankers from all sections
of the United States gathering at
Augusta, Ga. to attend the annual
spring meeting OF the executive coun-
ell of.the American Bankers Associa.
ton.
f. E. Mountjoy, deputy mana ger
of the national bank division of the
, American Bankers Association. left
for Augusta to attend the spring
meeting of the executive council
which opens today.
President Harry V. Haynes, of the
Farmers and Mechanics Nationa
Bank. and Vice President Howard
Moran, of the American Security and
Trust Company. are in Augusta fol-
the bankers association meeting.
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HDhIM DAMHE