Evening star., 1933-06-08
c. 0. VASS ELECTED
PRESIDENT Of D. c.
BANK ASSOCIATION
Frederick H. P. SiddonS and
Charles H. Doing Chosen
Vice Presidents.
CONVENTION IN SESSION
AT COLUMBIA CLUB
Albert s. Galley Reelected as
Treasurer-Frank J. Hogan
Retained as Counsel.

Bank, was elected president of the Dis
trict Bankers Association at the annual
election at the Columbia Country Club
today. He succeeds c. H. Pope, vice
president and treasurer of the Munsey
Trust Co.
Frederick H. P. siddons, secretary of
the American Security & Trust Co., was
advanced to the first vice presidency,
and Charles H. Doing, vice president of
the Washington Loan & Trust Co., who
has been secretary during the past year,
was made second vice president.
Albert S. Galley, vice president of the
Lincoln National Bank, who has been
treasurer of the organization for almost
25 years, was reelected, and Frank j..
Hogan was asked again to serve the
association as general counsel.
Karl w. Corby, partner in the broker
age firm of W. B. Hibbs & Co.. was
chosen as secretary to fill the vacancy
left By the advancement Of Mr.. Doing.
Mr.. Corby has been chairman of the
general committee which arranged for
this years annual meeting.
Pope Reviews Year.
President Pope called the business
session to order shortly after $50 am.
today. Following the report OF the
Credentials Committee, he presented his
annual review of the years work.
Lauding the associations Clearing
House Committee for its work both BIZ
fore and during the bank moratorium,
he called for a rising vote OF thanks
from the membership, which was given.
Discussing the future OF Washington,
Mr. Pope declared the present Govern
ment economy move will not in the long
run reduce the population OF the city
because of the birth OF many new bu-
roa,,e ond commissions Along this line
he said:
'I would like to say word or two
about the prevailing fear that the econ
ony moves on the part OF the present
Government will have their detrimental
effect on the future of Washington. 1t
is true that nuemerous reductions in pay
rolls and personnel have been put In
force. but we should not let this dis
turb our confidence in the steady growth
of our city. While these changes are
going on, we are witnessing at the same
time. the creation of number OF new
control agencies and other activities
that are bound to increase as they are
developed. Is there any doubt that this
will bring more individuals to the Ma
tional Capital? Is there any doubt that
these new departures will require larg-
er number of Government employees?
If YOU agree in this, then the ground
soon be offset by the increase In otner
directions. Furthermore, Congress IS
putting the Government deeper and
deeper into all walks of the business
life of our people. Apparently we Will
have limited Government supervision
and control as prevention agalnSL
unemployment and the protecton OF
Invested capital
Asks for More Support.
"This is practically settled matter
and it is to be accomplished through
the aid and assistance Of trade asso-
Citations everywhere in the united
states. Is it not conceivable that sucn
associations will desire to make their
headquarters here? AS result OF these
administrative policies, not only the
Government must increase local EN-
pIoyment but the trade associations
and other outside agencies Will 90 the
same.
May I suggest that you give to your
association more of your time and sup
mort. It will reimburse you In many
ways and If the United States Gov
. eminent carries out its plans to super
wise business, it may be that the Dis
j trict of Columbia Bankers Association
will find itself in position OF further
importance and be able to increase the
eueCblV6 WOIh IL 4ldo dlNu1o AOAAS 49,
the past"
Following the report of the retiring
president, annual reports were called
for from the chairmen of the various
standing committees. Eliot H. Thom-
son of the Washington Loan g. Trust
Co. chairman of the Advertising Com
mittee, said his committee was not in
clined to favor the proposition OF dis
continuing payment of interest on
no et1t, rrfa etc
at the top of all the cities In the
United States in the growth and popu-
1arity of Christmas savings clubs, he
said
Chairman Thomson said his COM
mittee feared that doing away with
interest would discourage the Christ
mas saving idea. Such action might
have particularly bad results in elm
mating the incentive to complete the
payments Under the present plan
banks pay interest only at the end Of
the year, so that the club members,
naturally, complete all payments to get
the interest.
Campaign Of Education.
The Advertising Committee urged a
campaign of education "to offset the
very general misinformation regarding
banks and banking, due to the mis-
takes made by a few, and not the ma
jority, of banking leaders" There has
been loss of prestige and good will
has been debated, Chairman Thomson
said, resulting in many erroneous con-
clusions. The committee wants the
association to take cooperative action
when the local banking situation clears
bit and give constructive information
TO all depositors and other bank clients
in concluding his remarks along this
line, Mr.. Thomson quoted President
Francis H Sisson of the American
Bankers Association as stating that
well directed advertising is the best
method of building up confidence In
banks.
Robert c. Lacey of the Columbia Ma
t.onal Bank reported for the Audit
Committee, Mr. Vass for the Budget
Committee and Mr. Siddons as chair
man Of the credit bureau. c. D. Rat
cllde, Munsey Trust Co., covered the
work Of the Publicity Committee.
Francis G.. Addison, jr., president o1
the Security Savings & Commercial
Bank, chairman Of the Law and Legis-
lation Committee, made an extended re-
port OF the legal matters which have
come up during the past year in which
Washington bankers have been particu-
larly interested. Mr. Addison has beer
chairman of this committee for severa
years and Is especially familiar witt
legislative matters, so far as they are
likely to affect the District of Colum.
bia.
Other annual reports were presented
by w. w. Spaid of W. B. Hibbs & Co.
on public relations: c. r. Jacobsen
cashier of the National A6etronolit o ,