Evening star., 1932-03-06
D. c. BANKERS. PUSH
PLANS FOR ANNUAL
GATHERING IN JUNE
Chairman Woodward An.
nounces Committee for
Meeting at Hot Springs.
w. R. & E. BONDS LEAD
TRADING ON EXCHANGE
Local Banks Ready to Aid in Eff
forts to End Hoarding
of Funds.
BY EDWARD c. STONE.

BY EDWARD {. STONE.
Claude H. Woodward, chairman of
the General Committee, arranging for
the annual convention of the District
Bankers Association, to be held at Hot
Springs, Va, in June, yesterday an
nounced the complete membership OF
this committee, every bank in the city
having accepted an invitation to be
represented. The president and one
other prominent officer in each bank
have agreed to serve.
This is taken to indicate the i'm
pcrtant place that the four-day as
sembly has taken in the yearly pro-
gram of association activities and par
ticularly during the present period OF
readjustment and reconstruction. Mem
bers of the General Convention Com
mittee, aside from Chairman Wood
ward and Edward L. Hillyer, vice chair
man, include:
Corcoran Thorn and Howard Moran,
American Security g. Trust Co.; Maui
rice Otterback and w. L. Koontz, Ana
costa Bank; Raymond L. Schreiner
ana Barton w. Perry Bank OF Bright
Sanders and John M. Riordon, Bank
of Commerce g. Savings; John c.
Walker and J. Ezra Troth, Chevy Chase
Savings; Frank J. Stryker and Robert
H Lacey, Columbia National; Wade H.
Cooper and James H. Baden, Com
mercial National; ], T. Exnicios and
Charles E. Mccoy, Departmental;
Joshua Evans, jr., and Barnum L. Col
ton, District National.
John C. Yost and S. Wilson Earn
shaw, East Washington Savings; John
Poole and Wilmer J. Waller, Federal
American National Bank & Trust Co.;
ToL D Coz NJ Iorif
Franklin National; w. w. Spaid and
Karl w. Corby, W. B. Hibbs & Co.;
Frank j. Kaufman, jr., and Leonard
H. Hoyle, International Exchange Bank;
Rolfe E. Boiling and M. F. Calnan,
Liberty National; Floyd E. Davis and
James A. Soper, Lincoln National;
Lanier P. McLachlen and Archibald
McLachlen, McLachlen Banking Corpo-
ration; Bertram Chesterman. Morris
Robert II. Highfeld, Mount Vernon
Savings.
C. H. Pope and C. D: Ratcliffe, Mum
sey Trust Co.; George L. Starkey and
Edmund H. Graham, National Bank of
Washington; Henry H. Mckee and H.
c. Stewart, National Capital Bank;
George W. White and c. F. Jacobsen,
National Metropolitan; William D. Hoo
yer and E. Percival Wilson, National
Savings & Trust Co.; John A Eckert
and E. S. Burgess. North Capitol Saw
ings; L. p Steuart and w. Reginald
Lewis, Northeast Savings: A. F. Jorss
and Robert S. StunZ, Park Savings;
Henry w. Offutt and B. Agee Bowles,
Potomac Savings.
Robert v. Fleming and Avon M.
Nevius, Riggs National Bank; Victor B.
Deyber and William NJ Hannay, Sec
Dnd National Bank; Francis G. Addi-
son, jr., and Julius l. Peyser, Security
Savings & Commercial Bank; John D.
Howard and John M. De Marco, Sew
enth Street Savings; Edward j. Stell-
wagon and Edson B. Olds, Union Trust
Co; William r. de Lashmutt and Will
bur H. Zepp, United States Savings;
Harry G.. Meen and Charles r. Grant,
Washington Loan & Trust Co.; Ezra
Gould and A. Scott Offutt, Washing
ton Mechanics Savings; Thomas E.
.Jarrell and R. P. Gibson, Washington
FSavings Bank.
Trading on ID. c. Exchange.
Washington Railway & Electric As
featured Saturday trading on the Wash
ington Stock Exchange. The market
opened with $500 selling at 83, fol-
lowed by a 81 900 sale at 83, another
$1,000 transaction at 834 and final
sale in the $1,000 denomination at the
same price.
In the stock department the first
sales were in Mergenthaler Linotype, in
which four small lot sales were regis
tered at AZ. Capital Traction stock fig
ured in several small lot sales at 1872,
the same price which has prevailed for
Scme little time for this issue. Capital
Traction holders are doing very little
trading at present. the majority await
ing the outcome of the merger move
now before Congress.
The market closed with 25 shares of
Carpet Corporation selling at 10l2. 1t
was the first sale in this issue in many
weeks. the food stock selling consider
ably lower than year ago. AS usual
on Saturday, quotations in the unlisted
department we're checked over, prac-
ically no changes in quotations being
noted in the past week.
nti-Hoarding Bonds Described.
Secretary Mills has issued a most
complete circular describing the per
cent United States Treasury certificates
aimed to Danish boarding of money
He says, in part:
The certificates will be dated March
Is, 1882, and will bear interest from
that date at the rate of per cent per
annum, payable emi-annually The
certificates Will be payable on March
Is. 1898, and will be redeemable before
maturity, at the option of the holders.
at par and accrued interest, on go days
advance notice by the holders. The
principal and interest Of the certificates
will be payable in United States gold
coin of the present standard value.
Bearer certificates will be issued in
denominations of $50 500 and $500,
with two interest coupons attached pay
able September Is, 1882, and March Is,
1888, respectively.
The certificates shall be exempt, both
as to principal and interest, from all
taxation Except estate and inheritance
taxes now or hereafter imposed by the
United States, any State, or any of the
possessions of the United States, or by
any local taxing authority, and will be
accepted at par in payment of income
and profits taxes payable at the ma
turity Of the certificates. Applications
will be received at the Federal Reserve
banks, as fiscal agents of the United
States. Banking institutions generally
including all the Washington banks
will handle applications for subscribers.
Unemployment Awaits Turn.
In its latest review of conditions in
the Fifth Federal Reserve District, the
Reserve Bank of Richmond announce
that the employment situation showed
no improvement in the flrst SIX weeks
of 1882. but unusually mild weather
lessened the hardships of those persons
who are out Of work The Winter tenn
perature has been 50 moderate tina,
Continued on Fourth Page.)