Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-06-04
BANKERS SPECIAL
!. DEPARTS TONIGHT
Franklin National Elects
Henry ]. Sterzer as New
Board Member.
BY EDWARD C. STONE.

BY EDWARD C. STONE.
Two special Pullman trains will leave
ming with the largest delegation of loca
bankers and their guests who have evel
attended an annual convention of the
District Bankers Association, their
destination this year being the famous
Grove Park Inn at Asheville, N. G.
The washington contingent will ar
rive at Asheville at o'clock Thursday
:. morning have breakfast, and repair to
the convention hall for the opening OF
the twelfth annual conclave at $3.50.
Thursday Friday and Saturday morn
ings will be given over to the business
= session and the afternoons and evenings
to sports and other forms Of enter
tainment
The guest speaker on the opening day
- will be John w. Pole, controller of the
currency. Controller Pole will discuss
branch banking, one of the most vital
issues in finance now before the coun-
try. His views will be of great i'm
d. portance as they naturally will reflect to
= q certain degree the opinion OF Secre-
~tary Mellon and other high Treasury
officials.
~ important association reports to be
the work of the auditors section, safe
deposit section and fiduciaries section.
The annual meetings Of the national
bank. savings bank State bank and
trust company divisions Of the Ameri-
can Bankr.s' Association will also take
place late Thursday morning.
Other Features on Program.
: The second days program will include
: gneciaI addresses one by Robert v.
; Fleming and the other by Oscar Wells
!. and the report Of A. e, Henze, re-
J. firing president of Washington Chapter,
!. American Institute of Banking. This
ESSAY contest prize winners will read
: their papers. There are three winners
and a paper accorded honorable men
ton viii also be read by the author.
Saturday will see the wind-up Of the
annual reports and the climax OF the
convention-the election Of officers. also
election of vice presidents Of the various
divisions of the American Bankers AS
eociation for the District.
The sports start on Thursday after
noon with the golf contest for the Pop
Fleming Cup" The Hibbs Cup contest
Is set for Friday, also the Mclean Cup
top-spinning contest, tennis prelim-
inaries and barnyard golf, otherwise
known as the horseshoe pitching
tournament. The Shannon, McLachlen
and Hatton Cups are other trophies
to be competed for during the con-
yention. A host of other events have
> been planned specially for the ladies
and every moment Is sure to be &C.
cupied, the family dinner being the
official wind-up, the party starting for
home Sunday at pm. and arriving
here early Monday morning.
Franklin Elects New Director.
Henry ]. Sterzer, 1410 Ingraham
street northwest. has just been elected
q member of the board Of directors OF
the Franklin National Bank. He Is q
native of Washington and Is one Of
the younger business men OF the city,
Being about 40 years old.
Mr.. Sterzer began his active business
career a number of years ago as a
member of the Automotive Accessories
Co., which led to an association with
c. e. Galliher, the late william T.
Galliher and Allan e. walker. Later
Mr. SterZer became associated with the
Minute Service stations and assumed
full management and directed the op-
erations and business Of these success
full filing stations. He was also prtnci-
and Florida Auto Supply companies,
which properties were lately disposed
of to the Shell Corporation.
Mr.. SterZer has for several years
spent the Winter in Florida. He Is an
ardent lover of the outdoors. He is O
member of the Corinthian Yacht Club
and is very active in boating activities
and can be seen almost any day during
the Summer In boat some place on
Ahe Potomac.
New Baking Plant Opened.
General Baking Co. this week put in
operation its new 100000 plant in
Washington. replacing its former plant
that was purchased by the Government
to provide space for erection of new
+. Federal buildings near the Capitol. The
company also has just completed re-
building and re-equipping its Louisville,
KY, plant which it acquired little over
year ago.
: The Washington plant has q ca
pacity of 1000 loaves of bread an hour
i or twice that Of the plant replaced.
: pany as one of the best equipped Of
its system Of so plants. and has a
travelling oven and cooling equipment
with provision for doubling present ia
cilities when needed.
Institute Editors Named.
6 Frank M Perley, American Security
, q Trust Co., newly elected president
of Washington Chapter, American In
stitute of Banking, yesterday made
his first appointments, those of the
editorial staff of the year book of
3 Dollars and Sense" quarterly publ
cation of the chapter.
They are the following: Editor in
chief. Raymond D. Lewis. American
Security & Trust Co.; associate edi-
tors. willard Barker, Morris Plan
Bank; Miss Mabel v. Royce. Washing
ton Loan g. Trust Co.; William G.
Winstead, National Metropolitan Bank
j. Fred English, Commercial National
Bank; business manager, Robert E. Lee,
Lincoln National Bank; assistant bust
= ness managers, Georges Dagenais, Riggs
National Bank, and Earle G. McGeary,
Nv. B. Hibbs & Co.; circulation manager,
is q. Harry Morris, Riggs National Bank.
Readjustment Declared Near End.
The country Is now in the latter
phase OF the readjuStment Of produc-
ton TO consumption, of the readjust-
r1ent Of real estate prices to values
and Of the readjustment of stock prices
to earning power, West & Co. say in
the current issue of their Fortnightly
Financial Review. THE crashes have
occurred the wreckage Is largely swept
away, inventory losses have been writ
ten of and the air Is clear. The
foundations have been laid for period
OF recuperation."
Broker Order From Zeppelin.
The ticker carried a note this
morning stating that an order to buy
stock in Wall Street had been received
from passenger on the Graf Zeppelin
now over the ocean on the way to
Saville.
The order was sent by S. L. Prince
and WAS received at the radio station AT