Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-04-22

Edgewater Park, M
Biloxi. Miss. They k2a1zs1'A> Ns's1-1
all report an I'M Howard Moran.
usually interesting
session. When questioned today re-
garding some of the highlights of the
meeting, Howard Moran said:
"On Monday, April Is, meetings o.
all of the commissions and committees
as well as the councils of the divisions
were held at different times during the
day and matters of interest to each OF
them were discussed, and the reports
which were to be presented to the mrs
meeting of the council to be held Tues
Gay morning at $50, were prepared.
Savings Bank Council.
"The meeting of the savings banl
council was held at $3.50 Monday morn
ing. All committees made their re-
ports. and the one presented by Mr.
Jay Morrison, vice president ana Secre
tary of the Washington Mutual Savings
Bank of Seattle, Wash, was of Suct
Importance, covering the matter OF rea
estate loans, that it took up the beS
portion of the time. He particular!
stressed the importance of the MONTH!
payment loan, and it was suggested b.
him and his committee that the saving
bank division should adopt some par
ticular plan of loan. E., the amour
as to appraisement. the rate OF inter
est and other things pertinent thereto
After full discussion, however, 1t wa
concluded that this would be impossible
as different sections of the country re
quired different methods. He was in
Structed to investigate the matte
further and present a further repor
at the San Francisco convention.
"One of the most important commits
sions holding meetings during the da
was the agricultural commission, witt
a number of speakers on the subject o
agriculture and its needs, showing wha
is being accomplished by the younge
generation of the country through in
formation furnished by this commission
and the results that have been OBJ
tanned; also, moving pictures Of certain
of the accomplishments of these youn
people were shown. At a later meeting
of this commission, and during one o
the sessions of the council, some o
these young people were present AM
made talks, and had exhibits of the eX
cellent work they had accomplishet
through the cooperation of this com
mission. 1t was readily very interest
ing and instructive meeting.
Committee Report Illuminating.
eat each of the sessions of the eXecu
tive council the committee reports wer
very Illuminating, and covered wild
range of subjects. That of Fred I. Kent
director of the Bankers Trust Co. O
l1ew York, on commerce and marine
was unusually Illuminating, covering
large number of facts on such subjects.
The one on economic policy, preSente'
by Rudolf S. Hecht, president OF tn
Hibernia Bank & Trust Co. OF NeN
Orleans, caused considerable amour
of discussion, as, of course, it was on
that was most appropriate at this time
One of the outstanding talks present
ed to the council was by Col. Leonar'
P. Ayers, vice president of the Cleve
land Trust Co., Cleveland, note
economist, who had charts and fact
showing the relative position OF deman'
deposits to loans, and also to produc
tivity of manufacturing and industria
interests of the country.
THE report of the protective commit
tee. by the deputy manager OF tina
division, James E. Baum, whose head
quarters are in New York, was also yer,
illuminating, showing efforts OF nj
committee to protect members iron
fraud of every character.
Another outstanding report wa
made by Charles Cason, on public rela
tions, showing the vast increase In tn
Bulletin, issued by the A. B. A., both a
to subscription and subjects presente'
by well known men of affairs, OF grea
interest to the members.
Insurance Is Topic.
"Another interesting subject present
ed was on insurance, by w. F. Keysel
covering surety bonds, which was YER
illuminating. and showed that effort
were being made by his committee U
cooperate with the surety companie
in reducing the number OF bonds Wnlcl
financial institutions are REQUIRED =
carry covering numerous phases OF Inel
business, in consolidating In one 1orl
all the different bonds, II possible, an
at the same time. efforts to reduce In
cost of carrying such insurance;
THE subject of public education an
foundation trustees was ably presente
bv 7 ri. Puelicher. president Of tn
Marshall e. Ilsley Bank Of Milwaukee
wis. He showed the wonderful progress
that had been made by the America
Institute of Banking, and its allied IN
terest in educating the younger genera
ton of bank employees, preparing tnel
for official positions, as time goes on.
Facts regarding the institute wei
presented by Harold Stonier, education;
director, in very forcible and intel
esting manner.
Compliments to Lakewood.
"Craig Hazlewood, president OF II
association, is a very able presioir
officer, and frequently commented upc
the reports that were made, nlumina
ing somewhat the subject, and givir
to the members the benefit of his COZ
tact with the committee work, al
with the subjects presented.
THE important part OF these col
ventions is the contact made by o.
with his fellow banker from other Sc
tions of the country and discussing Il
things presented, and numerous 9th
subjects which are of interest to us a
for In such contact we have the bene
of the methods that are pursued
different sections of the country cove
ing the same subject, and oftentim
information of great value Is obtain
and can be put in effect by the
attending.
"The social functions of the coun
meeting were unusually fine, particular
q dinner, dance and reception at t
country estate of Rudolph S. Hecl
Pass Christian, where he entertain
about 400 or more members OF I
council, their wives and others in
gardens, which are gorgeous WI
shrubbery and beautiful flowers, lax
fish ponds, and in which also, Is
beautiful japanese temple. Every gu
was seated at table, surrounding
dance platform and served dinner VIII
the entertainment was presented" 81
Mr.. Moran.