Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-04-16

On his personal
knowledge of his customers, is no longer
adequate to meet the present-day
situation.
This condition is strikingly illus
trated by reference to the actual
1908, there were operating in the United
states q, 346 banks of all classes. ma
tional and State These had aggregate
resources of $19,58S ,000. 900. Twenty
vears later, for the year ending June 80,
1928. the number Of banks had In
creased to 26,213. but their aggregate
resources had increased to ST. ,574,0 00,-
200. Thus while the number OF banks
"A the United States increased only ~
Dar cent during this period, the aggre-
late resources increased nearly 270 per
cent.
while the need for higher train
ing Is increasingly demanded for max
:ag commercial loans upon the proper
.,redit basis. it is In the newer fields OF
,snking-the trust business ana tne
acurities busineSs-where tecnnlcal
lraining and specialized experience are
tnphatically the essential requirements
,or success. It is in these two fields
q, hat there is likely to be the greatest
uture expansion in banking and those
banks will maintain the largest CROWN
hitch equip themselves technically 10
:-,eet this opportunity. 1t would De
,-orse than useless for a bank to EN-
'>2rk upon them with an amateur
management.
I'm general it must be said that oio-
fshioned business practices In banking
Inst. give way to scientific methods In
. ~ ACQUISITION and the formulation OF
FORMATION. and in the application OF
2 ~ banking policies based thereon, by
?en who have acquired what might De
alled professional knowledge OF
I,7nking-a technical equipment to oeaI
it'll method and policy" ConNoner
Gle concludes.
Bankers Bulletin Out Today.
The District Bankers Association
.,ril bulletin appeared today, contain
',,g many notes of special interest. In
I; Chairman C. H. Pope OF the general
invention committee makes strong
r'ea for attendance at the annual gain.
ling. calling attention to the marked
i,-nefits derived by all the banks hav-
'.,g representatives at previous con-
caves.
President Robert v. Fleming has APP
limited Chairman Pope and Lanier T.
-cLachlen, second vice president Of
lie association, as q special committee
3, arrange for the pre-convention get
-gether dinner, which takes place IN
:'7y.
The regular April meeting Of the as
,ciation will be held at headquarters,
r., April IS. This will be the last regu-
- assembly before the convention and
rne important committee chairman
->oorts are due.
The next meeting Of the auditors
s-ction will take place on Thursday,
.soril IS, at the University Club. be-
inning at O'Clock. The safe deposit
,ction will have an evening meeting on
he same date at headquarters in the
= ecker Building.
Bank Paid Tribute TO Lincoln.
President George w. White of the
'ational Metropolitan Bank mentioned
tie fact today that two days after the
.'-ath of President Lincoln, on. April Is,
'r65, the trustees Of the Bank Of the
-etropolis passed special resolutions, as
follows:
Resolved. That we deeply deplore the
,'sath Of President Lincoln as an ire
arabic loss to the country, and eS-
->ecially at this time, when his familiar
''lowledge of our national condition, his
evoted patriotism, his humane and be-
''evolent feelings are so much needed
bring to just and satisfactory close
ne unhappy rebellion which has in
1~icted so much injury and misery upon {
Re country" {
The bank taking this action later {
fccame the National Metropolitan. 1t {
las 81 years old at the time and it has {
sen "a years since then. The bank {
Hiding was draped In mourning for {
80 days.
Bankers to Hear G.. A. Price.
q. A. Price, trust oficer Of the Peo-
les Savings & Trust Co. OF Pittsburgh,
-I,xSf ir.vxna .
,ddons to address the fiduciaries sec {
On Of the Bankers Association on Fri
ny evening, May "a, at the Willard. A
t,inner will precede the address.
The meeting viii be devoted exclu.
lively to life insurance trusts and the /
lembers will be permitted to invite at
.ast four life insurance men as guests.
'She speaker has made q special study
cs life insurance trusts, has conducted
e'sSses in life insurance and gives id.
rfesses on the subject all over the
country.
r. STANLEY Holland, chairman Of the {
We insurance trust committee Of the
;@ction, has been appointed chairman
ca the dinner committee.
Trading Heavier ON Exchange. I,
Trading was more active on the
Washington Stock Exchange today,
Washington Gas Light and Mergen-
,aler Linotype leading in volume.
Washington Gas sold ex-dividend at
o.. It opened with . 10-share sale,
allowed by 20-share sale and closed
nth q. 3o-share block, all. transactions
Icing made at the same quotation.
Mergenthaler registered 57-share
ir,rnover at 1071s. Capital Traction
, ,ened with is shares selling at 9S3z, +
nd closed with 20 shares moving at
sclk. Potomac Electric Power 5hz per
\. ut preferred figured In odd-lot trading
I; 1917. Lanston registered 126.
woodward g. Lothrop preferred again
s,peared on the board, 20 shares SELL
u at no. Thirty shares Of the newly
zted Real Estate Mortgage & Guaranty
deferred stock sold at ~, up " OF
,oint from yesterdays sale OF 30 shares. L
The bond division was monopolized
~ washington Gas issues Two $1,000 T
s.les ir, Gas SIS, Series A, were recorded
.f.102%, while two $500 transfers IN Il
!. IL Series B bonds were made at 1O41k.
Heard In Financial District.
Two prominent washington bankers
:, we Just had birthdays, Charles j. Bel,
hartman Of the board of the American Z
recurity b Trust Co., and George =.
.arkey, president OF the Nauonai Bank
cf washington.
Darwin p. Kingsley president Of the
lew York Life Insurance Co., CONSIDERS
le business outlook for the rest OF 1879
s; extra favorable He bases his BELIEF
Il the claim that the public buys life
asurance with surplus funds. and that 1
.isurance sales are now breaking past
scords.
washington bankers predict an easing l
4 money rates the last OF the week.
he nnid-month demands are over and /
/ ie Spring needs for agriculture and
.islnstry well supplied