Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-04-15

Chairman Vass stated that the annual
convention will be held at Grove Park
Inn, Asheville, June 5 to 8. The party
will leave washington on June 4 az b
pm. aboard two special trains. TIE
train will be divided this year, as two
lighter trains can be handled with so
much more comfort to the passengers.
Mr.. Vass spoke of the attractions af-
forded by the hotel, mentioned the TWO
splendid golf courses available, and the
other opportunities for sports, the many
sightseeing motor trips and novelties TO
be provided in the way OF entertain
ment.
Exceptional Program Planned.
He also declared that the program
will be one of exceptional merit. The
local bankers are journeying farther
from home than on any previous occa-
sion, yet the expense has been Eeld
down to former rates. On the return
trip the bankers will leave Asheville IN
time to enjoy two hours of mountain
scenery before dark.
The speeches we're excellent. Gov.
Young was prevailed upon to say few
words He did not give away many
secrets about the Federal Reserve Board,
but devoted most of his remarks to the
noble game of golf and the harmony
notable among Washington bankers.
Senator Pat Harrison spoke both
humorously and seriously. His anec-
dotes caused screams of laughter and
a discussion of the tariff bill was in
tensely interesting. He declares that
the tariff must be taken out of politics
and politics out of the tariff.
Senator Harrison denied that the
long discussion on the tariff has hurt
business or interfereo in any way with
business recovery. He insisted that such
a charge is false.
Bankers Greatest Satisfaction.
Carter Keene, native of Maine and
q Democrat, humorously called Senator
Harrison's attention to the ease Of be-
ing a Democrat in Mississippi, where
nomination is equivalent to election,
and in Maine, where all Democratic
nominee can do Is to criticize the Re-
publicans.
After many other witty remarks At
torney Keene declared that the great
est Joy a banker gets is in helping to
clear up the financial troubles of the
great mass of people who need Just
such aid in seeking comfort and indie
pendence. Washington bankers are
rendering this service to over 100000
people, he said. It is not the record of
deposits that give the banker his great
est satisfaction by any means, the at
Corney asserted.
The arrangements for the dinner
were in the hands of Lanier P. Nc
Gachlen, first vice president of the Dis
trict Bankers Association, and c. H.
Pope, secretary Of the association. They
were accorded rising vote of thanks
for the success Of the affair. The en-
thusiasm manifested indicates that the
convention may also hang up a new
record for attendance. The first call"
was sent out today, urging every banker
and bank director In the city to attend
the sessions "in the land Of the sky"
Lanston Leads Local Stocks.
Lanston Monotype was the leader on
the Washington Stock Exchange today,
10 sales of 10 shares each being
recorded at 1877, of 2 points from Mon
days close.
Capital Traction was stronger today,
the stock closing at n on 40-share
turnover. There were four transactions
In 10-share lots. The final quotation
was rs bid and 7712 asked
Potomac Electric Power 6 per cent
preferred sold at 1872, Railway & Elec-
trio preferred at 981a and Mergenthaler
Linotype changed hands at 1903. Two
bank stocks appeared on the board;
Commercial National selling at 237 and
American Security g. Trust at 425.
Potomac Joint Stock Land Bank 5s
figured in q $4,000 transaction at 81.
Washington Gas IS series B came out at
1851. Washington Railway & Electric
As sold at SO, while Capital Traction
IS moved at SO.
Heard in Financial District.
Following the annual meeting of the
Lanston Monotype Co., to be held here
on May /, ]. Thilman Hendrick, chair
man of the board of directors, and
President Best will sail for London to
take up some business matters in con-
nection with the company's London In
terests. It Is understood that Lanston
has had an unusually fine year.
Raymond G. Marx, controller Of the
Riggs National Bank. has returned to
his desk from a vacation passed at Vir-
ginia Beach and vicinity. While away
he had a very narrow escape In an
automobile accident.
H H. Mckee, president of the Ma
tional Capital Bank, was congratulated
at the bankers dinner last night on his
recent election as a director in the
Stockholders Association Of the Fed.
aTal Reserve Bank Of Richmond.