Evening star., 1933-03-15
NORMAL BUSINESS
APPROACHED HERE
Deposits Continue to Flow
Into BankS-RetaiI
Trade Active.
(Continued From First Page.)

Continued From First Page)
associations offices in the Metropolitan
Bank Building.
In the meantime activities of the 13
local banks which did not receive their
licenses to reopen under the emergency
banking act were restricted by conserva-
tors in charge and by orders Of the con-
troller of the currency.
, IT. will be practically impossible for
the conservators to hay any plans until
they have had time to make an appraise-
ment of the assets Of these banks, to
confer with directors and to determine
what can be done on reorganization,
they said today.
Conservators were appointed yester-
day by Controller of Currency Await
for the l3 banks. Two Of the conser-
vators are national bank examiners,
one is former official Of the examin-
ing division of the Office of the Control
Ter Of Currency, and the others are
officers of the banks In which they
are now conservators.
Conservators Named Here.
The appointments are as follows:
Federal-American National and Trust
Co. John Poole, president; Franklin
National Bank, F. c. Ockershausen,
national bank examiner: District Ma
tional Bank, Joshua Evans, jr., presi-
dent, Chevy Chase Savings Bank. John
c. Walker, president; Northeast Savings
Bank, G. F. Hoover, vice president
Woodridge-Langdon Savings and Com
mercial Bank, E. L. Norris, vice presi-
dent and cashier; Potomac Savings
Bank. George w. Ofutt. president;
United States Savings Bank. j. L. Bal
ley, national bank examiner; Washing
SN~, G., Do,
vice president; Park Savings Bank,
examining division of the ONCE of
Controller Of Currency; Seventh Street
Savings Bank, John D. Howard, presi-
dent. Mount Vernon Savings Bank,
A. o. Wharton. vice president: Indus
trial Savings Bank. w. H. c. Brown,
president
Washington stores and business houses
were reported doing heavy business
today as the pent-up flood of currency
released yesterday from the 20 licensed
banks in the city, coursed through the
arteries of trade.
Department stores, chain stores, and
especially stores in the downtown sec
tlon, were handling larger than nor
NAL flow of business, and business or
Hanizations reported that customers are
showing new spirit of optimism and
confidence which Is reflected in in
creased sales.
Confidence Prevails.
Department stores were carving
large newspaper advertisements today
and preparing even larger spreads for
tomorrow to encourage people whose
buying was necessarily CONSTRUCTED by
the banking holiday last week to make
their purchases now that funds are
available from the banks.
James E. Colli1ower, president Of the
Merchants & Manufacturers Associa-
tion, declared today that as the result
of the opening of the banks yesterday
business IN Washington has shown
marked improvement. and confidence
seems to prevail throughout the business
district.
The hysteria which prevailed last
week, he said, has entirely disappeared,
and optimism and faith in the future
has taken its place.
He said his organization through its
Executive Committee yesterday sent a
letter to President Roosevelt commend
ing him for the prompt action taken in
the financial crisis. 1t stated that the
Presidents forceful and able leadership
has inspired and renewed confidence OF
the people in the stability of our Gov
ernment and that thereby business will
be restored to normalcy at an early
date"
The Washington Board Of Trade.
through its executive secretary, Robert
j. Cottrell had a similar report
The unprecedented flow of deposits
In Washington banks" he said, "alone
testif1es to the continuance of reason
ably normal business in Washington
The Board Of Trade firmly believes in
the good sense and sound Judgment
. OF the citizens Of Washington during
the crisis, which enables them to realize
fully the stability In general of this
community.
Tourist Outlook Good.
TT is gratifying that through it all
business was continued as usual and
that people pursued their normal
routine. There, is every reason to an
ticipate that the succeeding months
will find business houses Of Washington
enjoying an increasing patronage"
Washington's outlook in the near fu-
ture for one Of its largest businesses,
Curtis A. Hodges. executive director Of
the Greater National Capital Commit
tee of the Board Of Trade.
There is no indication" said Mr..
Hodges, that convention attendance in
Washington will suffer in the coming
months. Recently we made the state
ment that 10000 convention delegates
would be in Washington in April. We
are working constantly on the attend
ance side Of these conventions and
from correspondence we are receiving
daily we see no reason to change our
forecast In regard to April business.
We are now in active contact with
something like 200 national convention
ORGANIZATIONS with a view to obtaining