Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-06-04

l. 11uillOu lellIl, 3.
assistant cashier OF z< s
the Security Saw Is
ingS e. CONNER $
Cial Bank, who is
member of the Hzzk
National Council of n uunton Ieitb.
the American In
stitute of Banking. The list of dele
gates and the banks with which they
are connected follows:
Willard G.. Barker, Morris Plan Bank;
Frank e. Cook, District National; Miss
Anne P. Crawford, McLachlen Banking
Corp; John NJ. DeMarco. Seventh
Street Savings; Aubrey O. Dooley Fed
eral-American National Bank & Trust
CO., +. J. Donohue, instructor of in
stitute faculty; Joseph R. Fitzpatrick,
Second National; Joseph j. Fleherty,
w. 3. Hibbs & Co.; George r. Flemer,
National Metropolitan: r. H. Lacey, Co.
lumbia National T. Hunton Leith. Sc
curity Savings & Commercial; A. J.
Linn, Federal-American National Bank
81 Trust Co.; j. Earle McGeary, w. B.
Hibbs e. Co.; Arthur E. Meade, De-
partmental Bank; Ellsworth Meyer,
Franklin National; Richard A. Norris,
Lincoln National; S. S. Ogilvie, Second
National; Frank M. Perley, American
Security & Trust Co.; Mrs. Helena D.
Reed, Lincoln National; 1. j. Roberts,
Riggs National; Miss Rose l.. Royce
and Miss Mabel v. Royce, Wash
ington Loan &c Trust Co.; w. L.
Sanderson. Federal-American National
Bank & Trust Co.. E. Wallace Schrei-
ner, First National Bank. Alexandria,
Va: Paul ]. Settler, American Security
& Trust Co.; Robert A. SisSon, Wash
ington Savings: James A. Soper. Lincoln
National; Willard S. Yeatman, Federal
American National Bank & Trust Co.;
Aubrey D. Carter, supervisor OF trust
department section, Office OF United
States controller of currency.
Treasury Official on Program.
Aubrey d. Garter of the Treasury
Department will be one Of the speakers
and several local bankers are on i'm
portant committees. Ben Alley retireS
as president, the vice president step
ping into his shoes. The convention
runs from June 6 to II.
About 200 delegates will visit Wash
ington on their way to the convention
next Sunday and be the guests OF the
local chapter The delegates are plan
ming in behalf of the national organl-
zation to place a wreath ON the grave
of the Unknown Soldier In Arlington
Cemetery at 4:45 Sunday afternoon.
AS a member of the National Coun-
Gil Mr.. Leith will represent President
Alley at this ceremony. incidentally,
Mr.. Leith is playing very important
part in two conventions this year, as
he is on the District Bankers Associa-
ton Press Committee for the Hot
Springs gathering and has been editing
the Bankers Bulletin during the year.
He is a past president of washington
Chapter A. l. B., and has been chair
man of the most important commit
tees He has one more year to serve
on the National Council
Insurance Conference Held Here.
The Massachusetts, Mutual Life In
surance Co. is holding a regional edu-
cational conference today at It's local
Office in the Evans Building, attended
by company representatives from this
city, Richmond, Va, and west Vr-
ginia.
DR.. S. S. Huebner, professor of insur-
ance at the Wharton School of Finance
and Commerce, University of Pennsyl-
vania; dean of the American College OF
Life Underwriters, who is the educa-
tional adviser of the Massachusetts
Mutual, discussed in detail at the morn
ing meeting the investment service OF
life insurance, a subject of current in
terest to life underwriters and to the
public At the afternoon meeting he
will discuss Business Risks and How
to Meet Them" including the property
risk and life risk. DR.. Huebner'S con-
tribution to the understanding OF the
economic value of human life, thought
which he was among the first to de-
velop, has caused him to be in great
demand as a speaker at business and
life insurance conventions.
The Washington agency, through
John F.. Cremen general agent, reports
new business for 1881 practically on
par with that of 1880.
Savings Bank Trustees Elected.
At the annual meeting Of the stock
holders of East Washington Savings
Bank hsld late yesterday, the following
Is trustees were elected to serve for
the ensuing year:
John w. c. Beall, T. Earle Bourne,
Charles A. Carry, James A. Donohos,
Gratz E. Dunkum, Lewis Flemer, John
Ford. w. P. c. Hazen, Francis j. Kane,
Morris E. NARROW, Walter H. NARROW,
jr., Henry H. Mckee, William N. Payne,
jr., Samuel H Walker and John C. Yost.
officers will be elected at the first
meeting of the new board, Tuesday,
June 9.
Lively Trading on Exchange.
The Washington Stock Exchange
caught the spirit of the New York EX-
change and business was more active
today. Washington Railway & Electric
preferred figured in a turnover Of nearly
100 shares, all sales being in small lots,
opening at 98l4 and closing at 98la.
American Security & Trust Co. stock
recorded 4 10-share-lot sales and 5
more shares. all at 29812.
Potomac Electric Power 512 per cent
preferred came out at 110L2, Washing
ton Gas Light registered a sale at lis
and Columbia Medical Building Corpo-
ration moved at 81.
After call Capital Traction appeared
en- the board for the first time in sew
cral sessions. The days turnover
totaled los shares, all priced at 35%,
the stock remaining firm since its recent
improvement. 1t closed 353s bid and
36 asked.
Mergenthaler Linotype has been added
to the list of stocks now being quoted
eX dividend. Peoples Drug Stores pre-
ferred is also being so quoted.
Heard IN Financial District.
Jesse L. Suter of Hartman g. Co.
has returned frcm a shcrt trip to Paris,
coming home on the lie de France.
He reports that business in Paris and
the rest OF France is quite satisfac-
tory. at this time, but considerable
anxiety is being manifested as to how
extensive American tourist traffic will
be this Summer
The Pennsylvania Railroad reports
that vacation travel to Atlantic City
and other New Jersey resorts and also
t. the New England resorts, including
export and Bar Harbor, promises to
be very heavy this Summer. The road
is already making plans to handle extra
pas-c'-~c" business.
Several Washington bankers are go
Ing to Hot Springs ahead of the open
ing CT the annual convention, June
Is to 81, in order to have the entire
week at the famous Virginia resort.
Yesterdays late rally in the stock
market brought large attendance to
the local brokers Offices today. Local