The Washington times., 1928-05-15
BAN K GOLFERS
VII | HOLD
Journey
U RICHARD HATTON


Nature smiled on the main pre-
nyention event Of the District
Columbia Bankers Association
yesterday afternoon and evening
i the Columbia Country Club and,
II the enthusiasm Of the gather.
lng may b taken % criterion.
The coming meeting al Montauk
Beach. 4. Il, next month viii Be
The most successful and best at
ksnded in the history OF the local
anization. which once each year
lQNrneys to some resort to dis
*Ass matters pertinent to bank.
affairs and To indulge in =
plk az golf on the side.
From l:s0 yesterday until dusk
there was continuous and con-
tinuing tournament over the links
q the Columbia Club with prizes
Eoing to the makers Of low scores.
mus reversing the usual custom
md giving the .other fellow 2
ehance to boast Of his game.
Informal Dinner
AZ TAO more than ITS members
"a the association and guests rat
down to an informal dinner which
FAXED enthusiastic over the cont
hg convention as General Chair
nan McQusde outlined the program
nd other speakers discussed sub
ects pertinent to the coming meet
ms.
Chairman Lawrence al. Slaugh-
Ter. uf fls dinner COMMITTEES, pre-.
sided. and Thomas wv. Brahanys
the 1diffitahis. acted as tOastmass
ter. Heeret was expressed at the
absence ~ Comptroller Mcintosh,
who was called out Of the city
IT the last moment. Speakers who
addressed the diners informally
were Comptroller General McCarb
w. r. FOlger, national bank ex-
aminer from the District: Deputy
Eomptroller II. w. Stearns, Deputy
rOnlntrOllar CT. Await. Chief
National Bank Examiner John ".
Poole, and Frank J Hogan, chief
counsel of the District Bankers
Association. The company also
Was entertained BY Arthur Pearce.
Chairman Slaughter and G. Il.
Pope, Ia charge Of The prOgTaIll,
were heartily con- lated upon.
the excellent &enerat afrAngemeMA%s
Opens Today
The washington Wimsett Conn
panx opens its doors for business
at 903 New York Avenue ~. ".
today. The Institution VIII do
an Industrial banking business. Or
nanfza ton Of the local company
r. IN line with extension plans
aIonr the Eastern and Southeast.
ern neoboard, the company already
operating k1 such banks In the
West. The officials report that
IN other places By far the largest
number 81 leans have been made
to retail merchants.
The Office here viii be In charge
q Secre Manager Wistar II.
Baldersf0n gn0 Is wei known in
WASHING t0n. having been connected
with large mercantile and finan
cfal interests here for the last
20 years. He + especially familiar
with the credit situation here, -
well 81 with the local business
situation IN general, and Is thor
nughly experienced In the opera.
ton of the Wimsett system Of
industrial banking.
Officers Of the washington corn.
pany are. Austin G. Waller, pres
ident; stephen II. Takes, vice pres.
ident; Wfstar II. Balderston, secre
fary-rlaanager: John r. Waller, Jo-
ssph AZ Rafferty,. George p. Fur.
man, Roland s. Robbins. Harry
a. seay. william Symona. Charles
d. HameI, Francis r. Weller, Rich.
ard p. Daniels, AnstiHe C.Waller.
stephen II. Takes, Samuel s. Clark.
u To, "A
Councillor and w. s. Walker, d.
Westinghouse Sales
AZ shown by the annual re-
mort OF the Westinghouse Elecs
fric and Manufacturing Company
which WAS sent to the stockhoid.
ers yesterday. the sales OF the
company for the year ending
March 81. 1928, were, In round
numbers, $1T5.000.0O0: the net man.
aifacturinG profit was $4,000 900;
the net income available for divi-
bends was s15,600 600; and the
earnings per sha e of stock tpre-
ferred and connonl were 1857. or
15.4 per cent. Dividends were paid
81 the rate Of per cent per an
num- OF S1sVV PEI oholS VI Wv
uar value.
Harry ". Haynes, president Of
4te Farmers and Mechanics Ma
Nnnai Bank. recently appeared be-
fore the Mouse Committee on Bank
srr ana Currency in opposition
- the Goodwin bill. This biz
-so,,ld permit States to tax national
hanks at the same rate as are
state banks.
q j. Gockeler. the president of
4ha same bank, took weekend
500 at the Blue Ridge Rod and
fsun club, OF which he is mem
frank owings, cashier of the
pank of Commerce and Savings,
enent the weekend at his summer
,s1ace on Chesapeake Bay.
PRESIDENT George o. Watson, of
IS. Liberty National Bank, passed
she weekend at his newly &C.
nuired summer home on South
President Peter A. Drury. OF
80 Merchants Bank and Trust
,sln,,nany. visited his estate a:
1i,,en1orit over Sunday.
Robert n. Harper. president o.
4ha District National Bank, was
enother Leesburg visitor yesterday
gAL TlMORE GRAIN MARKET
Wbeat-Easier. No. 2. red. win
" n Sonestic $780,: No. 2, red
Inter. garlicky domestic. 1852
a.. -Iafs fu