Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-09-28
kddIson Heads Delegation to
Convention Vital Cues
lions to Be Discussed.
ADDRESS BY PRESIDENT
| WILL FEATURE PROGRAM
8oover Is Expected to Present I'm
portant Data on Business
Conditions.
By EDWARD c. STONE.


% the annual convention Of the Amer.
lean Bankers Association, at Cleve.
land, are on their way to attend the
sessions of the most important gather
ing Of the Nations financiers in 1890
This years session is considered the
most vital held in several years, on &C.
count OF the business situation all ovel
the country, the agricultural situation
and the constantly growing controversy
over unit, branch, chain and group
banking, which is sure to be one Of
ing the next IL months. Sweeping
changes in banking trends and meth
eds wiz be discussed.
The highlight among the addresses
viii be President Hoover's speech
Bankers expect the President win delvC
into the very latest developments ir
the national business outlook and prob.
ably present valuable Government in
formation intended to show that bust.
ness has really turned the corner.
President John @. Lonsdale will pre-.
side at the general sessions. The ma.
tional bank, trust company, savings
bank, clearing house and many Other
sections viii also hold important grouE
meetings, at which their particular
problems win be considered.
The delegation from this city 1,
headed by Francis @. Addison, jr.
president of the Security Savings &
Commercial Bank, who represents the
District Bankers Association on ths
A. B. A. executive council. Robert v
Fleming, president of the Riggs Ma.
6onal Bank, who has served on severa,
national committees during the past
year, win also attend the convention
Controller Of the Currency John w
Pole and Deputy Controller r. @
Await are to represent the United
States Treasury. e. E.. Mountioy
Washington representative of the Ma.
etonal Bank Division of the A. B. A.
viii also be present, having left Wash.
fngton yesterday.
Among other local bankers Cleve-
And-bound are Joshua Evans, jr.
president Of the District National
Bank: Maurice Otterback, president OF
the Anacostia Bank; Sidney r. Talia-
ferro Of the Riggs National and Ber-
Morris Plan Bank. Miss Mary j. Win
free. one Of the leading woman bank
ers in the Capital, win represent the
Commercial National and M. H. CAL
nan, cashier Of the Liberty National
win be another local financier in at
tendance.
It Is anticipated that more thar
5000 bankers will register. When the
convention was held in Washington
several years ago. more than $500 at
&nded the meetings here Since that
me the annual attendance has grown
steadily. The next A. B. A. president
Rome G. Stephenson, has a wide per-
sonal acquaintance in the Capital and
It Is safe to say he win not forget local
1lnanciers when he names his impor-
tant committees for next year.
Loan Associations Big Assets.
Fifty-fve building and loan associa.
lions belonging to the United States
Building and Loan League now have
assets exceeding $4,000, 900 each, &C.
cording to II. r. Cellarius, secretary
treasurer, of Cincinnati.
After reporting the IS association,
with more than $4,000 600, the report
goes on and gives a list of 10 associa.
lions with assets exceeding $40 200 ,00C
each. The Perpetual Building Associa-
ton OF this city stands twelfth in thi:
list, the local association reporting as
sets amounting to $23,026,15
Pacific States Savings 81 Loan Co. OF
Ban Francisco has the largest assets OF
any association in the country, Showing
on June 80 last $65.367, 061. In second
place Is the Railroad Cooperative
0AA4AA44B q 1Ohn ASSOCldLlOn OF New
York City, with $59.656, ass, followed
by the Farm & Home Savings & Loar
Association, Nevada, Mo-, with $751;
900, 900.
Just ahead Of the washington asso.
citation in the list is the Conservative
Savings q Loan Association, Omaha
Nebr., with assets of $26, 1871 ait, while
Just below the Perpetual is the Loca
Building & Loan Association, Oklahoma
City, Okla.
306 Institute EnrOIIments.
At the close Of the first week of tn.
Fan term enrollments in washington
Chapter, American Institute of Bank
ing. have reached 500, according to an.
nouncement by Aubrey o. Dooley
chairman of the Educational Commit.
tee. During the past week classes wer,
tnaugurated In banking fundamentals
commercial law, negotiable instruments
economics, credits, investments, publi
discussion and debate and a specia
class for bank women dealing Will
problems in personal efficiency. witt
still another week before enrolment
close for the Fall term, chapter offlcial
expressed confidence that approx
Rnately $50 students viii have enrolle'
by next Friday.
Such q record would manifestly slaoy
the intense interest of local bankers II
institute training, because this not onl
marks the first year Washington Chap
ter has conducted all of its classes Of
. tuition fee basis, but 1t has also in
creased class attendance requirement
from IS per cent to IS per cent an
under the new institute program re
quires the completion Of seven sub
5ects, which necessitates 294 hours @
class work, with an average passin
grade Of rs per cent in each subject
before a student is awarded the stand
ard certificate of the American Insti
tzite of Banking.
It Is announced that the enrolment
IN the special class for women, undo
the direction Of Anne Tillery Renshav
has exceeded the limit Of % student!
and a second class IN that course, wit
~ additional students already enrollet
viii be conducted on Wednesday eve
ming from 10 $50 pm. The class
public discussion and debate, of whic
DR.. George Farnham is instructor, hs
also practically reached its capacity.
QUARTERLY DIVIDEND.