The Washington times., 1929-09-14
GROUP
PLANS AID
DRIVE

i The Commercial Credit Company.
with offices here. has signed con.
tract with the Aiien-sherman.lIotf
Company; Of Philadelphia, which
win provide for the financing Of the
J, company,s products on the regular
industrial plan. The Philadelphia
tconcern are manufacturers Of the
Hydrojet ash sluicfng systems
The plan which will be placed In
operation by the concern 10 de-
signed primarily to allow payment
Tor machinery and equipment from
the earnings ard savings realized
/ BY the installations.
Plans of the proposed cooperative
advertising campaign OF the District
Of Columbia Bankers Association for
the present administrative year were
completed late yesterday by the
: special COMMITTEES In charge. The
plans will be submitted at the spe.
cial meeting next Friday Of the
association.
The plan, as outlined, covers six
months, beginning in December and
including the usual Christmas Club
campaign. For the past five years
the Christmas drive has been fea-
. ture of the associations work. Other
features Of the new plan include the
use of all daily newspapers and a
Il radio program, Dollars and Sense, !"
over a local broadcasting station. y
Proposal has also been made OF q
monthly essay contest which will be
open to the public and will provide
cash prizes for the best three essays
( on the subjects assigned for the
month. Literature for distribution
TO local banks Is being prepared In
response to numerous requests.
number OF prominent local
bankers and financial men, as well
as numerous Government experts
are expected to step before the
mike during the campaign These
sneakers win tell Of the various
types Of work being done BY the in-
stftutions and win also tell OF the
advantages OF banking.
Special attention has been given
entertainment features of the bread.
cast and officials have Declared that
IT will be Of the highest typs pos.
sible.
students who completed last
years courses at Washington Chap
ter American Institute Of Banking
will be awarded certificates at the
open meeting Of the educational
year OF the chapter which will be
held Wednesday evening m the
small ballroom OF the Willard Hotel.
The three students who received
the highest averages of the last
year course will be awarded prizes.
dancing will follow the session.
Probyn and Co., CORRESPONDENTS
New York, have moved their offices
from the Evans Building to the
Investment Building.
James A. Soper, vice president
OF the Lincoln National Bank is
entertaining the board Of Cover.
n nors and the chairman OF the yari.
Gus committees of Washington
Chapter. American Institute Of
Banklns today at Galesville, Nd,
This is the regular meeting Of
the board and the COMMITTEES chair.
men are attending In order to assist
N the formulation Of plans for the
coming education year OF the chan.
Ter which Is about to begin.
various features of the work that
{ the chapter is doing as well as the
educational course will be considered
at the meeting.
The Southern Railway has de.
clared the regular quarterly divi-
dend Of 81 on its common stock ana
Z $l.z5 on its 5 per cent preferred
stock.
All members Of the District 81
Columbia Bankers Association have
been notified OF the special called
meeting p the organization riext
Friday. Wilmer j. walker. prest.
I dent of the association who ordered
I the meeting, win preside.
Rumsey W. Scott, widely known,
{ IN banking and financial circles
T mas joined the Commercial Ir1xest.
! ment Trust Corporation AZ vice
I president. 1t was learned today For
the past five years Scott was nresi.
dent Of the American Cable Com
pany and resigned that position ",
take his new post.
Previous to his connection with
/ the cable company he was with fhe
chemical National Bank ana the
Otis Eleveator Company. He Is 4
member Of various technical Or
ganizations including the American
Society Of Mechanical Engineers.
BANK STATEMENT