Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-29
BANKERS PLANNING
CONVENTION TRIP
Local FinanclerS Expected to
Attend Advertisers
Meeting.

A delegation of Washington bankers
probably win attend the forthcoming
convention Of the Financial Advertisers
Association to be held in Boston Sep
TENDER IL to II inclusive, according Il
present indications.
THE Creative Force IN Finance" is
20 be the keynote OF the convention, and
the program as a whole is designed TO
make particular appeal to all adver-
Using and business managers interested
In the development Of trust business.
This is true, according to reports
from the convention, not only because
Of the program to be offered, but also
because Of the exceptional opportunities
for promoting trust service during a
period Of business depression and when
people are more ready to heed the
advantages of f1duciary protection.
Boat Trip Planned.
Among the washington bankers who
will attend, will probably be: Eliot
Thomson of the Washington Loan d
Trust Co, Robert L. Father of Amer
lean Security & Trust Co, John Poole
Of Federal-American National Bank d
Trust Co. and T. Hunton Leith OF
Security Savings g. Commercial Bank.
Tentative plan OF the local delegation
Is to leave Washington by boat on
Friday, September IL.
The association Is composed OF active
members, consisting of representatives
Of banks, trust companies and invest
ment banks and associate members
from financial agencies who do finen-
cial advertising.
The keynote Of the trust-develop-
ment discussions will be given in an
address on Growing Needs for Trust
Service" by Ripley Dana, prominent
authority
trust law and practice. This will be
followed by q discussion on "Misuses
and Misconceptions of the Title Trust.
Others on the trust-development pro-
gram are the following: A. d. Chi
Quoine, vice president Of Batten, Bar
ton, Durstine 81 Osborne who will
speak on Trust Advertising From the
Standpoint of Context and Form and
What Particularly TO Avoid and En-
plastic; j. E. Drew, vice president
American Trust Co. Of San Francisco,
On Trust Business That It Is Proflta-
bic to Avoid: Gilbert Stephenson, on
"Value Of Accepting Small Clean Ac-
counts" and Franklin w. Ganse,
c. L. o., Of the John Hancock Mutual
Life Insurance Co. on What Should
Not Be Expected From Trust Offcers
and Life insurance Underwriters in
This Cooperative Insurance Trust
Movement"
safeway- MacMarr Deal.
There is local interest in the merger
Of the Safeway-AGacAdarr Stores, be-
cause Of Sideways chain Of Sanitary
stores here in Washington. Safeway
stockholders approved the plan Of d.
rectors TO acquire MacMarr Stores Inc.
through the issuance Of approximately
i64g6O2 shares of Safeway common stock
and about 6,567 shares Of Safeway 2
per cent preferred stock.
Under the plan Safeway VIII issue
seven-tenths Of q share Of its per
cent preferred stock and three-tenthS
Of a share Of its common stock for each
share Of MacMarr preferred stock and
two-elevenths of q share of Safeway
common stock for each share Of Mac
Mari common stock It is also pro-
posed that the holders of warrants call
ing for the purchase Of approximately
so 623 shares of MacMarr common
stock at $50 q share shall be entitled
to two-elevenths of share Of Safeway
common for each share Of MacMarT
common called for BY such warrants.
A. q r. Statement.
The Great Atlantic ~ Pacific Tea
Co represented here by many stores,
has issued the following statement: we
wish emphatically to deny the runaors
circulating that our company has pur-
chased the coffee now controlled by
the Federal Farm Board. We are,
however. cooperating with the board
in grading and sampling the coffee
upon shipment from Santos, Brazil"
washington Clearing House figures
for today: s2.S4o, 1924.