Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-08-02

81 DelIlR SOD, 040,- 49,
600, against $39,-
o62 900 for the pre-
viouS week but CT Goekeler.
decrease of only
81 per cent from the same week last
year.
Atlanta reported weekly clearings
amounting to $34 1882, 900, against $685.
ATS 900 in the previous week and de-
cline Of 80 per cent compared with the
same weekly period year ago. For
the larger cities of the country Brad
streets reports that clearings showed an
increase of 10 per cent over the pre-
vious week, but a loss of 27.8 per cent
from the like week in 1929. Thus, the
average for the country is 10 per cent
larger than the figure for Washington
when compared with year ago.
Chapter Chairmen Appointed.
The complete list of 1s3o-1s31 COM
mittee chairmen of Washington Chap
ter. American Institute of Banking,
have been appointed by the president,
Frank M Perley, as follows
Archives, Miss Winifred BurweIl Ma
tional Metropolitan Bank; banquet, /
j. Roberts, Riggs National Bank; audit
ing, John NJ. De Marco, Seventh Street
Savings Bank; athletics, j. Earl NC
Geary. w. B. Hibbs & Co.; educational
Aubrey O. Dooley. Federal-American
National Bank, with Richard A. Norris,
Lincoln National Bank. vice chairman;
Dollars and Sense, H. T. Bisselle, Riggs
National Bank, editor; Robret E. Lee,
Lincoln National Bank, business man
ager.
Forum, A. E. Henze, W. B. Hibbs &
Co.; entertainment, Willard Barker,
Soper, Lincoln National Bank; house,
Richard A. Morris, Lincoln National;
membership, j. Fred English, Com
mercial National Bank; public affairs
and education, T. Hunton Letth, Sc
curity Savings and Commercial Bank;
publicity, Henry F. Kimball, American
Security & Trust Co, and women's
committee, Mildred c. Woodcock, Amer
lean Security & Trust Co.
Hubert T. Btsselle will have as asso-
ciate editors Of Dollars and Sense Miss
Mabel v. Royce, Washington Loan &
Trust Co.: Miss Bernice Thomas, Fed
eral-American National Bank; william
@. Winstead, National Metropolitan
Bank and ]. Everett White, American
Security g. Trust Co. Robert E. Lee
OF Lincoln National Bank will be busi-
ness manager and Willard G. Barker,
Morris Plan Bank, and j. Earl McGeary,
w. B. Hibbs & Co., associate business
managers.
John M. De Marco viii have with him
as members, John Franzoni, Federal
American, National Bank, and Eugene
Marks, Merchants Bank & Trust Co.
The Ways and Means Committee,
headed last year by Harold w. Burn
side, Riggs National Bank, will in the
future be known as the finance COM
n1ittee.
Insurance Gain Reported.
Richard @. Petty. Washington agent
of the jefferson Standard Life Insur-
arce Co., has received word from the
semi-annual meeting of the directors,
recently held in the home offlce at
Greensboro, n. c., which shows that
business is excellent. President Julian
reported gain of $2,067,000 in assets
in the SiX-month period, for new total
of $50,813 600 and new business of $28,-
653,700 for upward of $370,000,00o in
Surance in force in Is States in which
the company operates.
A semi-annual dividend of per cent
on the 81 ,00o,0 900 capital was declared.
Angus w. Mclean, former Governor OF
North Carolina, member Of the board
of directors, joined the officers in fore
casting improved business in the i'm
mediate future.
Savings Banks Refuse Deposits.
Mutual savings banks Of the State
of New York have rejected an offer
of deposits Of the city funds Of Buffalo
on the grounds that they do not con-
stitute thrift or savings deposits, &C
cording to the secretary Of the Savings
Bank Association Of New York.
Frank C. Perkins, president OF the
Common Council Of Buffalo. has been
complaining for some time over the
rates paid by commercial banks and
has been agitating for an amendment
TO the State banking laws to allow
mutual savings banks to accept large
deposits of city money. Meantime he
wrote to savings banks in the north
ern part of the State asking them II
they would accept the deposit OF the
City of Buffalo funds up to $1,000, the
present legal limit on individual &C
counts, at rate OF p per cent.
The offer was declined necessarily,
the Bankers Magazine says, since the
law does not let any mutual savings
bank guarantee its rate of interest or
dividend, but the banks outside Buffalo
also declared that they would not be
justified in accepting deposits from a
neighboring city and savings banks in
the various group divisions have also
gone on record as being opposed TO the
acceptance Of such deposits, even II the
question of interest rate and jurisdic-
LlOn were ltlI OuLi Oil tIAC eIOul4do tAiob
such funds do not represent savings or
thrift money and are therefore outside
the character of deposits contemplated
by mutual savings banks.
GockeIer of for Vacation.
C. J. Gockeler, vice president of the
District National Bank, left Washing
ton today for a months vacation at
Ventnor City, near Atlantic City, N. j,
Mr.. Gockeler was accompanied by his
mother. Last year he passed his vaca-
ton at Margate City, another resort
near Atlantic City, but the demand for
cottages this year was unprecedented,
none being available for August. The
bank official has for years been secre-
tary of the Washington Stock Exchange
and rarely misses session.
John r. Devereux, jr.. has become
associated with the Washington office
of @. L. Ohrstrom & Co.
Montgomery Ward July sales, $1S,668,
623, a decrease Of 81 per cent from
July, 1929; for seven months, $l48,-
a53,726, an increase of 4.3 per cent.
/. A. Fleming left here Thursday
afternoon for a three-week visit at At
lanttc City.