Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-03-24

vorite among resi-
dents of that sec
ton. Here in Be S--a-I- ------a
thesda," said U,alter johnson.
banker today eve
cansider johnson even more highly as
neighbor than as a ball player"
The president of the Bank OF Be-
thesda is George p. Sacks, who is also
an official in the National Bank OF
washington. The other officers ore DR..
B. c. Perry. vice president; Brainard W.
Parker vice president: Francis c. Wal
lace, secretary; S: Walter Bogley, easn-
fer. and w. Paul Stallsmith, assistant
cashier.
The stock of the Bethesda Bank is
listed on the Washington Stock Ex-
change and sells around $50 share.
Urges SI,OOO,OOO Bank Drive.
Proposing 100000 yearly pub
licity campaign, for five years by the
banks, to be submitted to the American
Bankers Association convention this
Fall j. A. Price. advertising manager
Of the Peoples Pittsburgh Trust Co., or
Pittsburgh, addressing Eastern Regional
Savings Conference in New York, said,
do not allow political demagogues to
make a foot ball of our most precious
poSsesion-the prestige and esteem
which banking has always enjoyed.
capable of being nodded If the Job Is
approached with sufficient money, patti
erce and brains People want TO be-
lieve in banks. Their Fundamental will
ingness is shown by the totals OF their
deposits.
I'm order to sell the banks to the
public, It will be necessary to make use
Of the mediums Of the masses. The in
telligentsia know the position is sound.
Use the motion pictures, the magazines
which have large calculations among
the middle classes, and also the big
newspapers. In ether words, reach the
American public in its own back yard
with elemental simplicity. Make your
membership in the American Bankers
Association stand for the highest
idealism."
Reserve Banks Holdings Jump.
The Federal Reserve Boards condi-
ton statement Of weekly reporting
member banks In leading cities on
March 10 shows increases for the week
Of s425, 900 900 in holdings of Govern
ment securities and of 1922 100000 in
Government deposits, also of Sal .000,-
mand deposits. Total loars and In
vestments. largely as a result Of the
Treasury's operations in connection
with quarterly tax payments, increased
1884, 900 900.
Loans on securities 1928, 900, 600 in
the New York district and Sal 100000
in the Chicago district, and declined
$4,000, 900 in other districts, all rec
porting banks showing a new increase
Of Sl26 900.
IAN other" loans increased $4,000
900 in the New York district, $12,000,-
600 in the Minneapolis district and
S13 100000 at all reporting banks, and
declined SIS, 900 900 in the Boston dis
trict and se,000,0 900 in the Chicago dis
trict.
Bankers to Attend Council.
An unusually large delegation Of
washington bankers will attend the
April meeting Of the executive council
Of the American Bankers Association
TO be held at Augusta, Ga. Next to the
Fall meeting of the association this is
the most important gathering Of bankers
during the year.
Among those planning to attend from
here are Francis @. Addison, jr., presi-
dent Of the Security Savings 81 Com
nercial Bank; Lanier p. McLachlen,
president of the District Bankers Asso-
citation; Robert v. Fleming, president of
the Riggs National Bank; George o.
Watson, president of the Liberty Ma
tional Bank: John Poole, president
OF the Bederal-American National BAN;
Howard Moran, vice president OF the
American Security g. Trust Co., and
E. Z. Mountjoy, local representative of
the American Bankers Association.
Frank S. Hight, manager of the VIII
lard, who is a bank director, Is also
planning to take the trip.
As several bankers will be accom-
panied by their wives, the Washington
party will be large enough to have a
special Pullman to and from Augusta.
Judges Named for Contest.
The class in public speaking in wash
ington Chapter, American Institute of
Banking, WIN hold its final debate to-
morrow evening at the chapter rooms
at 8 o'clock The judges will be George
o. Vass, vice president Of the Riggs Ma
tional Bank; Mrs. Anne r. Renshaw,
head Of the Renshaw School of Express
sion, and Judge James NJ. Proctor Of
the District Of Columbia Supreme Court:
The subject upon which they all
speak Is The Banker as a Stabilizer of
Business" each speaker being given
eight minutes. The contestants who
have come up to the finals are II. F.
Kimball, Alfred w. Sherman and Miss
Mildred c. Woodcock, all Of the Amer
lean Security 81 Trust Co. and Aubrey
o. Dooley Of the Federal-American
National Bank g. Trust Co. The winner
will represent the institute in several
important outside debates.
Today's Trading on Exchange.
Capital Traction registered IS ex-
dividend on the Washington Stock Ex-
change today, Potomac Electric Power
5l2 per cent preferred came out at
1l0& and Railway g. Electric preferred
=. moved at 9s7s and 98%. Mergenthaler
ex-diyidend sold at 867s and 851s and
Lanston Monotype changed hands at
1854. Peoples Drug Stores preferred
sold at lo3. Bonds we're In light de-
mand. Carpet Corporation, which re-
Gently declared a 5o-cent extra dividend,
Is now quoted ex-diyidend.
Financial District Notes.
A decrease in estimated building at
2,5 per cent Is shown in February as
compared with January, the Bureau Of
Labor Statistics monthly building sta
tistics show. This decrease however Is
less than the decrease shown in COM
pairing February, 1880, with January.
+. 1880, when a drop of 4.3 per cent was
registered.
Prince 81 Whitley liabilities listed at
SEC, 974, 1857 and nominal assets at S75.-
800, 1874, of which 5000 900 represents
securities pledged with banks as coll
lateral.
An order allowing months extension
Of the time for the filing Of claims
against the Seaboard Air Line Railway.
now In receivership has been entered
by Judge Luther B. Way, at Richmond,
When the road went into receiVership
ing creditors until March % 70 file
claims. This has now been extended
until April %.
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