The Washington times., 1928-01-24
RECORD LIKELY
IN SCHOOL
~ RICHARD HATTON

American Institute Of Banking,
opened last night with the assem-.
bling or the class in banking funda-
nentalE. under Eliot ii. Thomson.
L. u. ID. while enrolment figures
for the present semester viii not
Be available Tor several days Il il
the belief az I. ]. Roberts. pre0i-
dent of the chapter. that they viii
surpass those 81 the last semester
which were the largest IL the his
tory Of the organisation.
The schedule Of classes for the
present semester has been an
Tlounced 40 foIiOSsE3: Banking funda.
mentals, Tuesdays and Thursdays;
commercial law, Tuesdays and
Thursdays; negotiable instruments,
Mondays and Wednesdays: standard
banking, Mondays and Fridays;
credits, Wednesdays and Fridays;
trust functions, Tuesdays and Fri
days; business forecasting. Mon
days and Thursdays; public speak
Ing. Wednesdays.
Several OF the courses are the
same as were given last year under
the same instructors while new
courses 1T especial importance have
been added and several new names
appear IN the list Of instructors.
Banking fundamentals under DIR.
B0iitha y. Laws. LII. b, LIN;
negotiable instruments. under Ray.
mofld ID. Dickey LA III, LII. M,
ana standard banking, under IA. III
DonOhtfe. A. B., IL. B., were car.
ried on iant semester by the same
Instructors while the clnsa In cred.
it, win Be conducted during the
present semester BY u Nc.
ouade, LL.. Ri, = past president Of
the washington chapter and one
ok the c0untry,s best known au.
thoritiee upon the subject he VIII
cover. Another course which was
given during the past semester but
which win have new instructor
fs trust functions which VIII be
conducted BY B. Ashby Leavell
while an entirely new course added
to the curriculum lid that OF blsf.
ness fOrecastfng which win be under
the direction 81 Walter ii. Dunlap,
C. III. j. s. The class III public
speaking win Be conducted by.
Charles b. Richardson, professor of
public speaking. University 81 Mary
lana
Faculty Strong
The board of governors and the
educational committee OF the chapter
feel that the present faculty il the
strongest the institute has ever AZ.
ssmhled. while the additional new
courses have strengthened ana
rounded out the educational pro.
gram to an extent that presents the
highest degree oa educational bene4
tit To Htudentn The splendid sup.
port given the Chapter by aIt local
financial institutions, By graduates,
many OF whom are now holding
higher positions IN Washington
banks, and By the student personnel
Of the chapter have oil worked to
make washington Chapter 3 model
Of excellence and achievement.
Eugene %. Thomson. president Of
the Associated Stock Exchanges,
has appointed the following commit.
tees to serve until the next annual
meeting to ba held Iii November,
1878: Legislation and taxation,
Eugene Ballard, Hartford, chairman;
Irwin r. WAsthei1ner. Cincinnati; J.
II. Holmes, Pittsburgh; membership,
william u. Fox, Cincinnati. chair.
man; George u Williams, New Or
leans; Clarence o. Gamble; program,
Edmund ID. Glennys New Orleans,
chairman; y. s. Wilson. jr.. Balti-
more; w. w. Spaid, president Dis.
trict OF Columbia Bankers AssOcias
ton, Washington: public relations,
william NJ. Loudernnan. st. Louis,
chairman; M. G. Harvey, Cleveland:
Ralph Fordon. Detroit; revision, etc,
Ralph w. Simonds, Detroit. chair
man; M. b. Middleton, jr., Philadel.
phia; Fred II. Emery, Cleveland;
c. W. Il. johnson, Baltimore; nom.
nations, Ralph w. Sinonds, De-
troit, chairman; s. Preston schOyer,
Pittsburgh, Frederick w. Freeman,
Columbus; listing committee, Clark
G. Mickey. Detroit, chairman:
Eugene Ballard. Hartford; A. r,
Waters, Baltimore.
Billion in Dividends
t! American corporations have been
paying stock dividends at the rate
of 81 ,000, 900 900 q year for the
last seven years, according to a
review by Frazier JellSe and Com.
pany, New York investment bankers.
Approximately $1,000, 100000 has
been paid in this form Of divi.
dends since 1920, when the United
States Supreme Court decided that
such earnings are not taxable In.
come.
Before that date only 10 per
cent OF this amount was distrib-
uted annually in the form Of
stock dividends, it IL pointed out.
The review calls attention to
the recent survey of some 1000
corporations made by the Federal
Trade Commission in which It
was shown that Is per cent Of
all dividends paid by these corn
panies during the last seven years
were in the form of stock.
Charles d. Hamel, OF Hopkins,
Starr, Hopkins & Hamsl, corporation
attorneys, and Richard D. Daniels
of Forbes a Daniels, have BEEN added
to the directorate of the Washington
Wimsett Company. according to an
nouncement Yesterday by President