Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-02-17


tended bylaws. &
Brief articles STAT
ing the general poh.,, g..
aims of the aSso-
citation and the method of management
are considered all that will be required
The aim of the proposed organization
Is TO bring about more uniformity OF
action regarding minimum commissions,
odd lot trading and many other similar
problems and the adoption, of some
means for the better protection of the
local brokerage houses against undesir-
able customers.
The first meeting was called by
George A. Garrett, partner in the F. B.
keech & Co., and Il of the IS offices
in the city were represented. The com.
nittee named at that time to draw up
the articles Of organization consisted of
arthur Foraker, manager of Eastman,
Dillon & Co.; Chester F1ather, one of
the managers Of the local office of
G. M. P. Murphy & Co.. and Chester
Lockwood of Hartman g. Co.
Stunz Athletic Chairman.
Robert S. Stunz, vice president and
cashier of the Park Savings Bank. has
been appointed chairman of the athletic
committee TO arrange for the many
events in connection with the next an
erS Association to be held at Ashe-
vile, N. c. Mr.. Stunz has already
served on several association commit
tees most acceptably and President w
j. Walters choice will meet with gen.
eral approval.
MFR. Stun is banker who began at
the bottom of the ladder. He started as
runner in the old Home Savings
Bank, at Seventh and K streets, under
a.
through various positions until made a
branch manager. Later he became an
assistant national bank examiner in the
New York Federal Reserve district.
To become assistant cashier of the
Park Savings Bank, he resigned as an
examiner. After joining the bank staff.
It was not long before he was elected
cashier and last year had the additional
responsibilities of vice president placed
upon him. The bank with which he is
connected declared a stock dividend of
100 per cent year ago and also
doubled the capital at the same time.
Delegation at New York Dinner.
There was a large delegation from
Washington at the annual dinner of
the New York Chapter, American In
stitute Of Banking. President A. E.
Henze of Washington Chapter Frank
NJ. Perley and Miss Mildred Woodcock
were among those who represented the
local organization. Other present in
cluded Wilmer j. Waller, president Of
the District Bankers Association: F.
p. II. Siddons, secretary of the Amer
lean Security & Trust Co..: Joshua
Evans, IT,. vice president District Ma
tional Bank; Charles e. Lamborn,
treasurer Of the National Savings a.
Trust Co., and ]. j. Roberts. assistant
cashier Of Riggs. and H. @. Hoskinson,
one Of the vice presidents of the same
bank. Other local bankers also at
tended the banquet which was con-
sidered OF unusual interest.
Chapter Expects $50 Guests.
Washington Chapter, American In
etitute OF Banking, expects $50 mem
bers and friends at the WASHINGTON
birthday banquet at the Willard next
Saturday night. If this number is
reached 1t will be the largest attend
ance at this dinner in IS years. The
reservations close tomorrow.
Last years attendance was around
BIS. The committee has provided an
exceptional program. T. Hunton
Leith is chairman Of the dinner COM
mittee and A. o. Dooley chairman of
the Information committee. Many
senior bank officers and bank directors
nave already made reservations.
Bankers TO Appear on Radio.
The American Institute Of Banking
is conducting an educational week on
the radio, in which Washington Chap
ter will participate. Tomorrow eve
ming Francis G.. Anderson, vice pr 81
dent Of the Security Savings e. Com
mercial Bank, will speak over WNAI,
at GAS on Investigate Before You
Invest" and his talk will be followed
oy one by I. j. Roberts of Riggs on
Thirty Years Of Progress Through the
a. I. 3. On Wednesday night at
O'CLOCK Harold Stonier viii speak over
WEAF
Howe Elected 10 Exchange.
The board Of governors Of the Wash
lngton Stock Exchange today elected
CHARLES z. Howe, treasurer of the
american Security & Trust Co, a mem
Der OF the exchange. Mr. Howe Is one
OF the best known bankers in Wash
lngton and takes the seat left vacant
many months ago by the death of
Charles j. Bell, for some 40 years con-
nected with the same bank. Mr.. BELL
rarely ever missed a session Of the ex-
change and was one of the largest
traders, always having many orders
from the banks customers awaiting ex-
AAGOA43k NdS quiet on the local board
today. Ten shares of Merchants
transfer &c Storage preferred sold at
1914 and 300 shares OF National Mort
gage d Investment preferred came out
at 41s. Railway & Electric preferred
sold at 961z while an odd lot Of Wash
1ngton Gas Light stock moved at no
In the bond division $4,000 Potomac
Joint Stock Land Bank SIS sold at "a
ana $500 Washington Gas B 6s at
Heard In Financial District.
David H. Houston, trust officer of the
american Security g. Trust Co, and j.
Eilot Moran, assistant trust officer. will
attend the Midwinter trust conference
Wnlcn opens at the Commodore Hotel
IN New York tomorrow and lasts
through Wednesday. Several other local
bankers will attend the same sessions.
j. A. w. Iglehart g. Co. has publish
60 special analysis of American To-
Dacco class B common and United
Light o. Power class A common stocks,
January building permits in $50 cities
were II per cent below December and
20 per cent under 1929 month al
$l27'6s5,oO4, S. W. Straus reports.
ADVERTISING TO SET