The Washington times., 1928-01-26
BANKERS Plan
CONVENTION
BIZ RICHARD HATTON

Lie SOLLuCSDss Oh u14S SuAAS@AAASs
preliminary activities looking to
the next annual convention Of the
District Of Columbia Bankers As.
ISOLATION are already stirring among
those who must make preparation
for this important gathering.
1t will be recalled by those who
attended the convention at Hot
Springs last June that there was
some unofficial discussion Of the
wisdom of varying the meeting
place from year to year, possibly
of alternating between the salt air
of the coast and the invigorating
atmosphere OF the mountains. Mem.
bers of the association realized that
there were certain specific con-
ditions which must be. met in
selecting the convention place. Most
OF these conditions obtain at the
West Virginia resort where the
convention has been held annually
for several years.
| In order to be prepared with full
| information upon the subject of a
possible convention site President
w. w. Spaid of the Bankers AS.
| ISOLATION has given considerable
thought to the matter and has
consulted with many members Of
the association from time to time,
especially with the chairman OF the
general convention committee, Ed
ward J. McQuade, since his selec.
ton for the important post. 1t is
understood that President Spaid
and Chairman McQuade will con.
4 H. .oxynrsaT ..rz.fTNIns I0ru fff,g1a fn.
tween now and the date for selec-
! ton OF the convention place. In
lfurtherance of this policy Mr.. Spaid,
Chairman McQuade and Messrs.
Howard Moran, Lanier 2. Nc
Lachlen and Harry ". Haynes will
travel to Montauk Point, Long
Island, N. z, next Sunday to make
survey Of the situation presented
there as a possible selection for
the next convention. Other trips
will, probably, be undertaken with
the same object in view and care
ful consideration viii be given to
all possible localities before a re-
port Is made.
Going Through South
! President John B. Cochran, of
the Franklin National Bank is max
ing an extended trip in the South
He will visit several localities in
Florida. where he has many friends
He will be absent about five weeks.
John j. Pulleyn. president OF the
Emigrant Industrial Savings bank,
New York City, win head the com.
mites of arrangements for the
eastern regional savings conferences
to be held under the auspices Of the
savings hank division Of the Amer
lean Bankers Association in New
| York City, March % and %, It
was announced today. The plans
involve the organization Of an
arrangements committee composed
of representatives not only of say.
! ings banks, but also trust COM
panies, national banks and State
banks to cover the participation in
the conference by all types OF
banking institutions.
This conference win be one Of
four regional savings conferences
to be held under the auspices OF
the savings bank division, Ameri-
can Bankers Association during
the spring, covering all parts OF
the United States.
It is estimated that SIS per cent Of
all classes of banks, including the
commercial banks and trust com,
panies, are now conducting savings
departments. Among the topics
which will be discussed at the con-
ference will be methods Of stimulat-
ing new and enIarging old savings
accounts, means for increasing the
permanence Of accounts, develop
ment of investment services in con-
nection with savings banking, the
possibilities Of profit in the bond in
vestment account, the desirability of
increasing the list Of legal invest
ments for mutual savings banks,
and the rapid development OF saw
ings departments in commercial
banks and trust companies.
Total Volume Great
A total volume of more than
So, SOC, 600, 900 of ordinary life 1nsur-
ance was purchased in the United
States during 1927. In spite of a
few months when sales fell below
the 1925 averages, the past year
| proved favorable for most reporting
United States and Canadian COM
| panies; 81 per cent of those COM
panies recorded increased production
over their 1926 volume. New bust
ness during the month Of December
totaled 1888 ,944,OO0. according to
figures just issued by the Life In
surance Sales Research Bureau. The
| report includes the figures OF 81
| companies having in force 80 per
| cent of the total life insurance outs
standing in United States legal re-
serve companies and includes the
production of new paid-for ordinary
insurance exclusive of revivals, in.
creases, dividend additions, reinsur-
ance from other companies, and