Evening star., 1932-09-04
BANKING INSTITUTE.
EXTENDS MEMBER.
PRIVILEGE TO R.F. c..
Personnel of Home Loan
+ Bank Also Eligible to Join
D. C. Chapter.
FORUM COMMITTEE HEAD
CHOOSES AIDES FOR YEAR
Preparations Are Now Being Made
to Open Some Glasses on
September 19.

Home Loan Bank, at their own request
have been made eligible for member
ship in the Washington Chapter
American Institute of Banking, with
the privilege Of attending the educa-
tional classes. it was announced last
night by Richard A. Norris, president
of the chapter.
Numerous requests had been received
from people employed by these two
Federal organizations, Norris explained
and the matter was placed before 8
meeting of the board of governors o.
the chapter. The board formally de.
cided to admit personnel of both the
r. F. G. and the Home Loan Bank tc
membership and the educational classe.
of the institute
Glasses in the educational program
Of the institute will open September
19 in the aew quarters of the chapter
in the Bond Building. where enroll
ment for these classes will start Sep
tenber IL.
Forum Committee.
Meantime, Norman E. TowSon, as
sistant treasurer of the Washington
Loan & Trust Co. and chairman OF
the Forum Committee of the institute
saaounced the personnel of his COM
rnsttee for the year and laid plans
for the seasons work
The Forum Committee members will
be Miss Marion Clark, Miss Mabel v
Royce, Miss A. H. Thitton, Stuart
Ogilvie, 1. J. Roberts and A. W.
Sherman.
The work of the Forum Committee
assumed last year under the guidance o1
A. E. Henze. real importance in the
extra -curricular work of the chapter
and it is planned this year to build upon
ard expand the groundwork already
laid. Although the committee has not
as yet, formulated definite plans for the
year, it hopes to select general topic OF
absorbing interest, the various aspects
OF which will be discussed at successive
meetings.
At each meeting. the subject will be
handled by an authoritative speaker
and his paper will be followed by full
discussion by ell those in attendance
Every effort will be made to insure a
comprehensive consideration of varying
Viewpoints.
No rule has been established as vet
covering the eligibility to attend these
forum discussions. but the considerable
interest created in them last year has
caused many to urge the committee to
allow attendance by as many as avail
able accommodate will permit.
with security markets and several
industries already in the midst of an
upswlng, difference of opinion exist here
In local financial circles as to whether
thHTn will ha cIlhctantio1 y,fo or q,
local activity after Labor day, the tre-
ditional turning point into Fall business
or whether the movement already under
way may be expected to continue stead
lily and without noticeable spurt.
Some believe that the return of many
persons to Washington from vacations
viii have an appreciable effect on the
situation here, resulting in some pick-ur
IN the security and investment business
and an appreciable increase in retail
trade. Others expressed the opinion
that careful investors have been watch.
ing the market closely from their Sum
mer residences, and are "in" on the
rising market already to such an extent
that their return will make no marked
change.
Traditional Change.
Labor day. however, has been con.
sidered for years as a traditional turn.
ing point, when Fall business activity
Is expected to show more signs of life
and the fact remains that many per.
sons OF Importance in the financia
life of the city will be returning either
within the next few DAYS or shortl,
thereafter. Fall needs appear in tn,
retail market and stores are hoping fo
an increase in buying.
In the opinion of one prominen
flgure in financial circles here, the re-
turn Of confidence already has shown It
effect on the security markets and i
is to be hoped that this confidence viii
lead to an increasing amount of fund
finding their way into the local rea
estate market and retail trade, as vel
as into bonds and stocks. This au
thority is of the opinion that there ar
now great opportunities for good in
vestment" in the real estate field her
at this time.
In the opinion of another discussing
the Labor day corner, trade shoul,
show an improvement with stocks hav
ing been turned over and several spe
cial offerings of depression" merchan
disc from other establishments sol
cut. Stocks are reported from som
quarters as low, with buying unde
way to replenish the shelves.
The growing importance of the dru
trade. its relatively strong financ:s
position, diversified markets intra
industry cooperation, with a sympa
thetic attitude toward price stabiliza
ton, place those identified with it i
position to reap immediate beneflt
from the improvement in general bust
ness activity which now is in the as
TNn6GnPr 1prnrIir1n -
Although July retail business was i
small volume. following the stimulate
n June. since the first of August sale
have been on the increase.
Heard In Financial District.
John Poole, president of the Federal
American National Bank IL Tru'
Company is expected to return to HI
desk from vacation at Atlantic Cit
after Labor Day
Finest C12rstenberg. vice presidel
Of the Fcde-al-Anerican in charge {
the branch 81 Twentieth street an
Pennsylvania avenue has returned froi
vacation
E. T. Blackwell Smith. assistsr
cashier Of Commercial National Eanl
has r1turned from vacation.
vi. p. Showalter, assistant cachier
the Commercial National Bank is e.
pected to return from vacation at Vii
ginia Beach otter Labor Day.
Frederick p. H. Siddons, secretary
the American Security e. Trust Con
pany, is expected to return Tuesds
from vacation at Atlantic City.
G. Bowie Chapman, resident partn,
of Hartman g. Co., who he's bee
spending his summer vacation at h
home in Castine, Me, is expected
return to Washington on his yacl
Tuesday
John M. Riordon executive vice pre-
ident of the Bank of Commerce
Savings will return Tuesday from +
vacation at Marthas Vineyard
Thomas j. Groom, vice president al
cashier of the Bank of Commerce
Savings is leaving by automobile for
vacation in Mobile, Ala.
Robert G. Jones' of the investme
banking Arm of Robert c. Jones g. G