Evening star., 1932-08-22
BANKERS ADVISED
TO JOIN INSTITUTE
Association Head Points to
Good Work Accomplished
by D. C. Chapter.


to be offered by courses of the American
Institute of Banking, C. H. Pope, presi-
dent of the District of Columbia
Bankers Association, today urged bank
men and women of this city to take
advantage of the opportunities offered
by the Washington chapter OF the
institute.
Mr.. Pope made known his views in
a letter to Richard A. Norris OF Lincoln
National Bank, who is president OF the
Uashinoton chapter. In his letter, Mr..
Pope said:
ITO maintain business over period
of 81 years is an accomplishment IN
itself but back of that is the big fact
that permanency, standing and staolilty
in the community, in addition to con-
fidence and good will have been estao-
Hshed It could not live that long II
something worth while had not oeen
put into 1t.
Value Well Recognized.
"The same principle holds true with
tbe washington chapter of thee Amer
lean Institute eof Banking. 1t also mas
completed 81 successful years ana
surely something worth while must nave
hepn nut into it, because nothllg puU
good has come out OF II! -. -.
"The chapter will soon start lts
+rirtv-second educational year and the
older hank men and women throughout
orr CITY recognize its value. Ihey ale
the graduates of years gone by, holallls
responsible positions today they hilo"
that nothing can take the pace Vi ~ ~
cation. They also know, whether lily
continue in the banking business VI
whether they seek fortunes eISeWtlcie' g
will ALWAYS Drove
useful to them, no matter "u"O liiie
of business they follow.
TO fail TO take advantage OF sucn
an education IS the institute oners Is
To neglect your Cwn development ana
future opportunity! Can you af1oro 10
treat yourself that way? When tile
chief is about to advance you 10 a
higher lob YOU must not pe Iouho
unfit Need say more?
"The institute has an intensive eou-
rational program for the coming term
and the schedule of courses Is aVallap4e
to all interested students. l urge every
bank man and woman in the -ls'rlc' o1
Columbia to seriously consider the WORK
of the institute and TO take advantage |
of the bank training offered them
Trading on Exchange.
Interest continued in washington Gas |
bonds today on the Washington Stcci |
Exchange. There has been more &C |
tivity in these securities during the past
10 days than in any other on the local |
board. Today Washington Gas IS B sold |
at 100, but after call $4,000 went a |
99a4. !
In view of the wide difference OF
opinion over the solidity of the present !
upswing in security prices and promise
of better business conditions, much in |
terest was shown here today in the IN
crease in car loadings of revenue freight /
for the week ended August l3, as com- |
pared to the previous week, SHOWN py
figures of the Car Service Division oil |
the American Railway Association:
Loadings the week of August 13 stood |
at 512,431 cars, which was an increase
of 1898 cars above the previous week, |
but a reduction of 231, 1875 cars under |
the same week in 1881 and 4l0,392 cars |
under the same week in 1880. The de- |
crease from prior years, however, was |
seen to be of less volume than the fig |
ureS from recent weeks, indicating an !
improvement.
e Other Figures.
Miscellaneous freight loading for the |
week totaled 181, 1893 cars, an increase |
of 6.Il5 cars above the preceding week. |
but lO2,l97 cars under the. correspond
ing week in 1881, and 178, ,003 cars below |
the same week in 1880.
Grain and grain products loading ,or
the week totaled 40,8S6 cars, 3,7l7 cars
above the preceding week, but 5.l2o
cars below the corresponding week last
wear. and 21,426 cars below the same
week in 1890. In the Western districts
alone, grain and grain products lcaomg
for the week ended on August 13 totaleo
26,S38 cars, a decrease OF 1855 Gals
below the same week last year.
Coal loading totaled 79,76O cars, an
increase of 1856 cars above the pre- /
cedinp week, but 33056 cars below the
corresponding week last year, ana
81. .9o8 cars below the same week In 1851.
The National Association OF Great
Men, which has an active LEGAL group |
here, today issued an optimistic state-
ment on the business situation over the |
name of Henry H. Heimann, executive
manager. He characterized the STOCK |
market rise as logical. warranted ant |
extremely modest, but stated that IN
"only danger at presel.t lies in the speed |
with which the recovery is effected and |
not in the extent CT the recovery OF the |
stock prices"
Early in 1882" he said, there was
an unparalleled pessimistic discountlng |
of any hope of recovery. The stock |
market could double its present average |
prices and not go far amisS in bringing |
development of values that more
nearly reflected investments. It IS just |
as insane to contend that a dollar in
vested in business in America over a |
period of time will dcpreciate to 80
cents as it is ridiculous to ASSUME that
a dollar invested in American industry |
can make a reasonable return upon a |
SIS capitalization. The latter period was !
experienced in 1929, the former in
1882.
Fundamentally, business conditions |
would not warrant the recent recovery
had stock prices at their low level re-
f1ected capital investments. 1t is by
reason of the fact that at their de- |
fateG prices they did not begin to re-
fleet our investment in industry that
so rapid a rise was possible. AS, if and
when the market continues into higher |
ground it must move forward more
slowly. or it may prove harmful
Heard in Financial District.
George o. Vass, vice president and
cashier Of Riggs National Bank return |
ed to his desk this morning after a va
cation.
Hilleary G. Hoskinson, vice president !
of Riggs National Bank returned to- |
day from vacation at Atlantic City. H. .
T. Bisselle, assistant cashier of Riggs,
has left for his vacation.
E. P. Wilson, secretary of the Ma
ticnal Savings G. Trust Co. is return
ing this week from vacation at Reho-
both Beach, Del.
Frederick P. H Siddons, secretary of
the American Security g. Trust Co. is
on vacation.
Karl w. Corby, partner of w. B.
Hibbs g. Co. has returned from vaca-
ton at Rockland. Me.
MEM WORK RANK STICKS