Evening star., 1933-11-16
HOLLAND NAMES
D. c. COMMITTEES
Fiduciaries Chief for Bank.
ers' Association Announces
important List.
BY EDWARD C. STONE.


T. Stanley Holland of the American
Security & Trust Co., who is chairman
of the fiduciaries section OF the District
Bankers Association, has announced
the appointment Of several important
committees to carry on the work Of the
section during the present year. Many
of the most active bankers in the city
are included in the list. The appoint
ments follow:
dardization-Kenneth F. Brooks,
Riggs National Bank, chairman; Bruce
Baird, National Savings g. Trust Co.;
Erskine Gordon, Hamilton National
Bank; Edward L. Hillyer, Union Trust
Co.; T. Stanley Holland, American Sc
curity g. Trust Co.; R. P. Hollingsworth,
National Metropolitan Bank; William
E. Howard National Bank OF Washing
ton; c. D. Ratcliffe, MunSey Trust Co.;
William v. Simmons, Liberty National
Bank; James A. Soper, Lincoln National
Bank; william B. Wolf, Second Ma
tional Bank; Leonard MarbIry, Wash
ington Loan g. Trust Co.
william Rea, American
Security g. Trust Co.. chairman; Ber-
nard L. Amiss, Washington Loan &
Trust Co.; Anthony J. Byrne, Munsey
Trust Co.; Henry K. Dierkoph, Riggs
National Bank; Aubrey o. Dooley, Ham
ilton National Bank; Irving zirpel,
Union Trust Co.; David Bornet, Ma
tional Savings & Trust Co.
Trust law and egislation-Sidney F.
Taliaferro, Riggs National Bank, chair
man; David Burnet. National Savings
g. Trust Co.; David N Houston, Amer
ican Security & Trust Co.; George M.
Mckee, Riggs National Bank; Erskine
Gordon, Hamilton National Bank.
Life insurance trust-Bruce Baird,
National Savings e. Trust Co., chair
man; J. Wesley Clampitt, jr., Union
Trust Co.. Earl G. Jonscher, American
Security & Trust Co. Kenneth r
Brooks. Riggs National Bank; Leonard
Marbury, Washington Loan d Trust
Co.
Fewer Failures Furnish Cheer.
While the last week witnessed an in
crease in the number OF failures IN the
United States, which Dun & Bradstreet
ay was seasonal and expected, improve
l1ent that has occurred In economic con-
ditions is clearly demonstrated by the
recent records along this line. In the
last few months there has been very
great change for the better in the
smaller number of insolvencies, this fact
being especially emphasized by the re-
port for October.
Records of Dun & Bradstreet show
1.206 failures in the United States for
October. with liabilities of S30,581 $40.
For September there were 1,116 similar
defaults, for which the Indebtedness was
S21, ,846, ,906. 1t has been many years
since the number of these defaults has
been so low for any month. This is true
not only as to the number, but also as to
the amount involved. Last year at this
time, the adverse conditions prevailing
brought about many more defaults and
much heavier losses. For October, 1882.
there were 2,273 business failures, with
liabilities of $50, ,869 ,974. The reduction
in the number for October this year
compared with a year ago, was 46.9 per
cent, while liabilities for that month
this year were 433 per cent below those
for last year.
The Improvement for the past few
months is indicated by reference to the
conditions covering the 10 months Dur
ing that time this year the total was
1884 and the liabilities $3.50 ,276, ,808.
The total this year in both instances
was especially heavy during the first six
months. For the 10 months of 1882,
there were 27,280 business defaults re-
corded, involving in the aggregate, $780,
502,547 Of indebtedness The reduction
for the 10 months this year compared
with last year was 342 per cent, as to
the number, and 44.2 per cent for the
liabilities.
Dollars and Sense" Appears.
The first number of the year of DOL
lars and Sense" published by Wash
ngton Chapter, American Institute of
Banking, made its appearance in the
financial district today It is an in
teresting number. 1t opens with the
address recently made by Newton D.
Baker, former Secretary of War on
the subject of Educated Bankers" :"
This address created a great deal of
favorable comment and is given in full.
Robert H. Lacey, president of Wash
tngton Chapter. makes a strong appeal
for continued support for the institute,
and says that enrollments for the first
semester are very satisfactory. He urges
all bank employees who have not taken
institute courses to take up the work
during the last half year.
t. Hunton Leith, chairman of the
General Convention Committee in
charge of the institutes national con-
vention which meets here next June
stresses the importance of the meeting
and asks all members to do everything
possible to bring about a record at
tendance
w. L. Sanderson. chairman of the
educational Committee, reports that
227 students are taking Fall courses,
j. Earle McGeary reports for the Mem
bership Committee and Miss Constance
Fogle for the Women's Committee. Ac-
cording to Chairman Frank M. Perley.
the thirtieth annual banquet will be
held on Saturday evening, February IT.
Scores OF other notes are included in
the publication and special tribute is
paid the late Francis II. SisSon.
This VpQric aIitor fc
Is being assisted by J. George Dagenais
and B. Bruce Frantz.
Today's Market More Active.
Business was better on the Washing
ton Stock Exchange today, the first
transaction being in Washington Gas
6s. series B. $1,000 changing hands
at 103.
Washington Railway & Electric 4s
came out in a $500 sale at "a, while
City & Suburban 5s figured in 81 900
sale at 49,
Capital Traction SIS were in demand
$1,000 and $500 selling at 60l2, an ad-
vance over the last previous sale
Business was light in the stock de-
partment, being confined to a small lot
sale Of Potomoc Electric Power 51z per
cent preferred at 1854 and a single
share OF Capital Traction at 49,.
Heard in Financial District.
The Mercantile Trust Co. of Balti-
more was awarded $375,000 State of
Maryland 4 per cent bonds on biz Of
1913. Phelps, Fem g. Co. bid 1922
HalSey, Stuart & Co, Inc, offered
101.15. Bid of 10053 was submitted by
Alex Brown g. Sons, and j. w. Selig-
man bid 10028. Blyth & Co. Inc, and
Roosevelt g. Son bid 1910
About 10000 holders of American
Telephone & Telegraph stock in
Washington were gratified over the
declaration of the regular quarterly
dividend of $2.25 per share, payable
January is to stockholders of record
December Is.
Richmond showed further gain in
clc La.