Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-21
BANKERS TO PUSH
YEARS PROGRAM
Council of Administration
Plans for Carrying Out
= Usual Activities.
NY EDWARD G. STONE.

With Vice President c. H. Pope o.
thes District Bankers Association, pre-
siding. the Council of Administration
held special meeting yesterday after
noon at headquarters, following an
nouncement of the startling death Of
Edward j. McQuade, the associations
president for the present year.
In addition to Mr.. Pope. the other
officers are: George o. Vass, vice presi-
dent and cashier of the Riggs National
Bank, second vice president; Frederick
P. H. Siddons, secretary of the American
Security a. Trust Co., secretary, and
Albert S. Galley, vice president Of the
Lincoln National Bank. treasurer
The present Council of Administration
includes the above mentioned officers
also Francis G. Addison, jr.; Thomas
j. Groom, Edward L. Hillyer, G. F
Jacobsen, Lanier P. McLachlen and
Claude H. Woodward
The work of the association will &c
on without interruption. This years
standing committees were appointed
several months ago and have been func-
tioning since that time. The deceased
president had the operating units OF
the association in such fine working
order that the remaining activities of
the year can result only in success.
Why Sentiment Is Better.
Noting marked change for the
better in sentiment among Washington
bankers and all over the country. a
local f1nancier asks just what has
changed the outlook and spread so
much more optimism about Here is
what the American Bankers Journal
says on the subject:
In the newspapers there are numer-
GUS items appearing every day OF a
NnHv
and certain cities from one end OF the
country to the other At the same
time. it would not be correct to say that
general business has made any appre-
ciable 9recovery, 1naSmuch as business
in the aggregate is still held down by
curtailed operations IN the basic In
Ciustries. It would appear only mat
ter Of time, however, until the aggre-
gate will begin to rise, following the
leadership of the lines that have already
started forward.
There is not SUFFICIENT space to dis
euss in detail these scattered evidences
of Improvement for an entire issue OF
this journal could be filled with the
news items of the past month citing an
increase IN sales and employment by
individual concerns making cotton,
silk. twoolen and rayon goods, clothing
leather and shoes, hosiery, millinery
shirts and bedspreads, radios and other
electrical appliances. bakery products.
soft drinks. flour, refined sugar and
other foodstuffs, glass, chemicals, lin
seed7,oil alcohol, cigars, aircraft, Office
equipment and moving pictures.
SCENE of the automobile manufac-
tureTs are doing better, also those
making accessories for replacement, and
the tire companies, gasoline reflners,
service stations and finance companies.
A number Of chain stores, restaurant
chains and department stores report
improvement"
Bankers Meeting Dates Set.
EXECUTIVE Manager Fred N. Shepherd
announces that the 1882 Spring meeting
of the executive council of the Ameri-
can Bankers Association will be held
ct the Greenbriar Hotel, White Sulphur
Springs w. va, April IS to 81. The
1882 meeting is to be one day shorter
than usual, ending with a dinner on
Wednesday evening, April 81, the spec
cial r trains leaving White Sulphur
shortly after midnight on the 26th.
Thisrmeeting will be attended by sew
eralsiocal bankers who are members OF
various committees and commissions
which VIII make half-yearly reports at
thabtime The Spring session is always
considered Of great importance, the
limited attendance being more con-
duc9e to hard work than when several
thousand bankers are around, as Is the
case at the conventions
Morris Plan Board Enlarged.
Increase of the board of directors
'FRONT.' to II members and the formula
ton of plans for the further national
development of the Morris Plan Of In
ldustrial Banking was announced today
by Walter w. Head, president OF the
Morris Plan Corporation Of America.
A number of outstanding Morris Plan
bankers have been elected to the board,
including Thomas Coughlin, president
Morris Plan Bank of Cleveland;
Thomas C. Boushal. president Morris
Plan. Bank of Virginia; Arthur A. Blu
meyer, St. Louis; Robert o. Bonnell,
Baltimore; Ralph w. Pitman, Phila-
delphia; r. Earl Wallace, Boston; Wal
lace ID. Mclean, executive vice presi-
dent. Morris Plan Co. Of New York. and
Ernest F. Smith, chairman Of the
board. Norris Plan Co. of Minneapolis.
EInstitute Committee Named.
President Aubrey o. Dooley of Wash
Ingt6n Chapter, American Institute of
Banking, announces the appointment
of the Committee on Public Affairs and
Public Education, as follows:
James A. Soper, Lincoln National
Bank. chairman; r. Hunton Leith,
Security Savings & Commercial Bank;
Richard A. Norris. Lincoln National
and l. J. Roberts, Riggs National.
The committee plans and supervises
visits to local industrial plants. ar
ranges for speakers before clubs, schools
and civic groups and for radio programs
connected with the institute.
Notes in Financial District.
Loew's, Inc, declared an extra divi-
Clend of 81 on the common stock and
the regular quarterly dividend of rs
cents, both payable December 81 To
stock of record December IL.
Postal savings deposits on October
81 amounted to $527, 100, $50. according
to the Post Office Department.
month previous they totaled $460, 000,-
000 Postal savings deposits of more
than S527 900, 900 are the highest ever
recorded.
Leasing A. Rosenwald. vice chairman
of Sears. Roebuck e. Co., states that
recent reports that negotiations have
been resumed between Sears, Roebuck
SZ Co.. and Montgomery Ward g. Co
are without foundation
Action on preferred dividend of Vir-
ginia Iron. Coal & Coke Co. will bC
taken at the December meeting Con-
s.deration of the semi-annual payment
of $3.50 was due this month but has
been postponed.
IT. S. TREASURY BALANCE.