Evening star., 1928-04-08
MERGER TENDENCY
IS HELD NATURAL
David Lawrence Tells Bank
ers Government-Trade Co.
Operation Is Needed
By EDWARD c. STONE.

BY EDWARD c. STONE.
"Tbe tendency toward mergers is nat
ural. mergers rarely coming ABOUT Itoni
a desire to monopolize, DaVlo Law
renee. writer and publisher, sald ID al,
address before the Southern kegloha'
savings Conference at Nlonlllol,u.
"Our laws are suthcient 70 ,.e piesem.
n,nnonolies," he added. But mergers
n1.,,,o lasn.aof Fron, a desire to cut down over
I,ead and needless waste and to RAISE
efflciencv, Merging has become tne
basic instinct of today.
creaLinr on THE Trend of the
-r,rtes !" the Washington newspaper man
added ALTHOUGH we still look al tnlnSSs
frnn, the pre-war provincial point u
vipw and expect some major oecIile,
,lrnro has been none CROWN Is easy
- ,,pdnrestimate, for we seldom reaiiHe
tl,e inevitabilitv of growth hi america
wealth and organization IN America
are prepared for quick advances iie
S:overnment is far more concerned
,~tSav with business than ever oeIore'
neraf,se MIR. Lawrence said, Oh the spl,It
of co-operation between the Two. Ate
rac,,latorv function OF governments
while the most interesting, Is not -
important as the co-operatlVe lunCsnai
~ gathering and distributing Hiaol ~ .sa nc
ton. He said the Government 70 ~. NJ
,,,eraous and that it is regrettaoie ina,
~ ,1rhlic impression comes through OH
srarr1aly rather than from the otnei
side. =. A,,o~,ca we
,,,,ct hayr intelligent government hilo
,,1l,st improve the personnel OF soVeil =
,,.e,,f The greatest single weakness Is
.rn LACY ~ respect for GOvcrnmen' OIL :
csale we must raise the level on
Statnsnanship BY inspiring young men
as they do in England, to enter Cow
ernment service. We must unihk Ios M
tntailv OF scandals, but must toihellIoI,. .s,.
that our Government is wen woLsa' or.
rninr proud of and tell everybody 'i'"'
il is an honest institution
.r,,Inves ton to bottom. basically are
,,r,scSf NFr Lawrence said Ihere u
m hicher standard in the priVale nle
Of any other group ,,.e,-
Tn addition to his remarks on ousi-
nrss and banking c0nUtiohs' tie
sneaker digressed long enough 70 S.s
,hsf he Thought President CooiioS@
rn,al,t vet be drafted for the Repuo-
lican nomination.
other Savings Conference Echoes
rnomas p. McAdarns of Richmond,
former president of the American foanAr
ers Association, directed the attehtioLi - y
the bankers 10 the financial recovery " u
the South. In 1910. ne Saiu, uoIn. Ia sas- anc
,nrs in Virginia banks were s s73,uoo.oo.o' ~
while iagt wear the total had grown 40
saas non Of11 the number of denositors
Increasing from $4,000 10 517,Ooo; III
the same period the amount sayeu poa
canita increased from So TO $40. III III
tI1e Same period, he said, total oeponltS
in Virginia. North and South anu - OaFo- u
ina hanks increased from $S2.O0O'uoo "
S,ate hanking laws to protect tne
.,,eration of legitimate n1Vestmeh1
trusts and assure their proper marriage
,uent were advocated BY Waldo ?, New
cnnner chairman of the board OF uHec-
tprg OF the Baltimore Trust Co !n nnl
address. Though investment ass Husss
have been operative IN ne un'SSs ,,n
states only for the last tive yeaIs, ne
essnv,tl1 to assets OF approximately Wow
400 600. and reasonable legislation "
,ce,,late their activities is desirable.
Trhr washington bankers expresseu
themselves as highly pleased WIN taE
vpelcoine accorded them NJ HicIlIholiu
and said that all the addressss were up
10 a high standard
Rank IS Years Old Yesterday.
Yesterday marked the fifteenth an
.,,'n,Sarg al the founding of the Security
CO ,,lrox 4, Commercial Bank, the coca
SSon being specially noted py ~oIlceLs ~
and officials. The bank was ilrst iocaeuu
on Ninth street, short distance anoSs
tts nresent location at the co,nei vi
Einth and q streets. Inc pahh sias a." =.
loyed sound and steady grown ,s ntsa AZ
making an enviahle place Iol a.se" .,s -
,v,rst ty,,,,ortafat move Of comparatively
rsces,t 6afe was the taking over OF the
Central savings Bank for operation ss
Ofyloers of the bank include julius !,
ras,ser nreStdeut, Fred Mckee aIio
FRANCIS q. Addison, JT., vice presluenVo,
san,uei y paulsir. cashier, 7. Hunton
+ e.th gatrobe owen, J. Louis Snipiey
and Charles K. West. assistant CASHIERS
and J. william Roberts, ofanch hi@h-
aEer. ,,.. .,,. t,,,autae
comprise the board OF directors, EoM"ta
e. Baltz, Dion 3. Bnney, Fta.,Jhs as - a.
Blundon, Diller r. Gron' henJaiinn 3, ~
1,,,ey FRANKLIN w. Harper, John u.
Harrell, ]. Thiiman Hendrlck' 39'
Herzoe william A. Hill. George n. Jaau,
uarnld N. Levi Ralph Mckee, Lsalience
Mills Charles w. Morris, MOTIFS ' ssiihol'
William w. Epalding, Judge M,,soh M,
straxburger. sidney w. Strans ana WI"
liam G. Sullivan. ,.,,.. fatal
On April Z, 1913, the bangs totai
denositg were S32 .20G. while on fepruhIy
an 1923. the date ot the lhst COZ.
troller's call. they had mountea w
81. .38G, ,314.32
women's Bank Club Committees
The following committees for ip2s
have lust been announced by Miss LOIS
A White, president ot the washington
Bank Women's Club.
Dinner~-Mrs Laiia M, Sloat, Natiunhi
METROPOLITAN, chairman, Miss M. Lsoiia
Anthony. Federal American; MISS Eieh"
nor pallkmeyer, Security savings ~
Commernial Mrs. Evelyn Hawkins,
American Security A. Trust, Miss liaf-
rtet Potter Second National Bank, MISS
Marion @, fsebastian, National Metro
poItlan, and Mrs. Marjorie tucker,
Continental Trust Co,
FellOwship~~Mis Mary Craven, DlA~
triet National Bank, chairman, Miss
Grace M. Bromley. District Bankers
Association; Miss Helen r. Deihny,
Federal American National Bank: Miss
Clara Me0rath, National Metropolitan
Bank; Miss Virginia Mafkt Glover &
Flather. Miks Lillian Mitchel and MiAa