Evening star., 1933-08-16
BANKERS T0ATTEND
CHICAGO SESSION
Capital Leaders Will Take
Important Roles at A. B. A.
Meeting.
BY HAROLD B. ROGERS.

Several Washington bankers are plan
ming to attend the forthcoming i'm
portant annual convention of the Amer
lean Bankers Association to be held
in Chicago September to 7.
Decision has already been reached
by some of the delegation, while it
was considered likely today that more
later would decide to go.
Edgar Mountjoy, Washington repre-
sentative of the A B. A. is busy at
his Office here in preparation for the
convention. Mr.. Mountjoy plays an
important role in the bankers asso-
citation and has substantial response
bility. In addition to being Washing
ton representative, he is deputy man
ager of the A. B. A and secretary of
the national bank division.
Robert " Fleming, president of Riggs
National Bank. will attend to present
his report as chairman of the Com
mittee on Federal Legislation. Some
of the most important legislation in
the recent history of banking has been
enacted since the last annual conven-
tion of the A. B. A. and Mr.. Flemings
report this year is looked forward to
ss vital for bankers of the country. Mr..
Fleming is also State chairman of the
Federal Legislative Council and a men,
Der of the Executive Council of the
A. B. A.
Many Others to Attend.
Francis c. Addison. president of the
Security Savings & Commercial Bank.
who formerly was State chairman Of
the Federal Legislative Council and
member of the Executive Council of the
association is planning to go to Chi
cago, with the local delegation.
Among others who may go will be
tha
American Security g. Trust Co. who
tee of the savings division of the as
sociation: Maurice Otterback. chairman
of the board of the Anacostia Bank,
who is a vice president of the A. B. A.
in the State bank division. He now is
returning from European trip.
Other officials of the A B. A. here
in Washington include: Wilmer J.
Waller, vice president and cashier OF
the Hamilton National Bank. who is
vice president of the A. B. A. in the
national bank division; s. w. EarnshaW,
secretary-treasurer of the East Wash
ington Savings Bank, who is a vice
president of the A. B. A in the savings
division. and Ord Preston. president of
the Union Trust Co., vice president
of the A 3. A. in the trust division.
The participation of the Richmond
Federal Reserve district, including this
city, in the Treasury'S recent recovery
financing was announced by Acting
Secretary AcheSon.
Total subscriptions received from this
district for the 81 per cent Treasury
bonds of 1941 we're as follows: Cash
subscriptions, S78598.150; exchange
subscriptions for August certificates,
s1.828 500; exchange subscriptions 1or
September certificates. S643 900, making
total subscriptions s81 069, $50. Grand
total subscriptions for the country on
this issue amounted to 1924, ,379l $50.
Allotment Is S18,909, 800.
Total allotments on this issue for the
country amounted to 1885 .036, $50, in
cluding Sl24835, 500 on exchange for
August certificates. and 1921 O57; 800
for September certificates. The allot-
ment to Richmond district was Sl8,-
500. 800.
Total subscriptions received on the
Is Treasury notes maturing August l.
1885. amounted to 81 SIT, l89 300 for the
country, of which S353.865. 900 were
allotted, including sl13532,200 on ex-
change. The Richmond district sent in
cash subscriptions for S59,222 600 and
exchange subscriptions for S2,0l6.0OO,
and the Treasury allotted to this dis
trlcJ SIl l,ZS3, iUU
Securities of Capital street car COM
panies have been fairly active on the
Washington Stock Exchange so far this
week. pending announcement of the
proposed merger terms, which are un-
derstood to be substantially agreed to.
Prices have been fairly steady. with
some slight gains. Capital Traction IS
opened the week at At, rising to 48,
while stock of this company went at
SIS Monday.
Washington Railway preferred came
cut yesterday in an exchange OF IL
shares at SO and three more at 88l4 as
compared to prior sale of 88. There IS
intense interest in the financial district
in the terms of the merger.
Personal Mention.
George o. Vass. vice president and
cashier of Riggs National Bank. has re-
turned to his desk after vacation. AS
president of the District of Columbia
Bankers Association, Mr.. Vass plans
soon to appoint some of his important
committees.
H. T. Bisselle. assistant cashier OF
Riggs Natianal Bank, has gone on va
cation.