Evening star., 1933-07-12
Total ............s2 .s212, .324.l5
Two Bank Conventions Invited.


The Council of Administration of the
District Bankers Association voted yes
terday to invite the 1884 convention
of the American Bankers Association to
be held in this city and also supported
the move to bring the next annual
convention of the American Institute OF
Banking to Washington.
President George o. Vass of the local
bankers association announced that
both propositions were greeted with
marked enthusiasm. The conventions
OF the American Bankers Association
bring together from 5000 to 1000
bankers and their guests, the meeting
each year being the most important
gathering of fnanciers in the United
States.
The American Institute of Banking
met in Chicago this year in June. In
normal times this convention draws
about 1000 members and their guests.
The plan was presented to national
officials in Chicago and met with great
favor The invitation will be extended
by Washington Chapter in the near
future, according to announcement
today.
The last convention of the American
Bankers Association in Washington
was in 1920. 1t was considered one OF
the most successful conventions ever
gatherings will mean great deal to
Washington in business way.
Tastet Heads Credit Association.
At the annual election meeting of
the Washington Association of Credit
Men held yesterday, at the Hamilton
Hotel Waldo j. Tastet, treasurer and
director of Fries. Beall & Sharp Co.,
was reelected president of the asso-
citation. Mr.. Tastet has been active in
the associations work for more than
10 years. He has been a trustee and
treasurer of IT'S Adjustment Bureau
since 1927.
Louis NJ. Hewlett, secretary and as
sistant treasurer of Griffith Consumers
Co, was reelected vice president of
the association.
Directors elected include Mrs. E. j.
Hess, E. B. Adams Co.; Henry P. Ames.
Murphy G. Ames, Inc; Max Dinkin, L.
S. Julien. Inc; Roy M. Mosher the
Shade Shop; Joseph Reichgut, Maloney
Concrete Co., Inc; G. M. Zirkie, Will
kins Rogers Milling Co.; Stuart S.
Ogilvie, Second National Bank; Addi-
son Boren. jr.. Otis Elevator Co., and
G. H. Markward. Pittsburgh Plate
Glass Co.
Directors who are still serving un-
expired terms are: Charles W. Clay
ton, F. P May Hardware Co.; Lister
T. Watts, Standard Oil Co. of New
Jersey; Frank w. White National Elec-
trical Supply Co.; Thorpe G. Drain.
Rosslyn Steel & Cement Co., and
Maurice H Mazo, Mazo-Lerch Co., Inc
William Gordon Buchanan was re-
elected treasurer.
d. c. Exchange Trading Light.
In light trading on the Washington
Stock Exchange today two small lots of
LanSton Monotype changed hands at As
Chesapeake & Potomac of Virginia SIS
recorded 81 900 and $500 sales at 1882
At the regular meeting of the board
of directors of the Southeastern Indus
trial Loan Corporation, held July 6, a
dividend of Is cents per share was de-
Clared, payable August to stockhold-
ers of record as of July 20.
Directors of the Virginia Railway to-
day declared a regular quarterly divi-
dend of Sl.50 on the preferred stock.
payable August l, to stock of record
July Is
That there was general falling off
in new business written by life insur
ance companies during the first half
of this year is indicated by advance re-
ports from leading companies. Losses
ranged from SO to 36ec. One concern
reported a gain of 169s, reports from
Hartford, Conn, today said.
Bank in Maryland Reopens.
The Stevensville Bank of Queen
Annes County, Md, has reopened on a
1909 basis, following acceptance of a
reorganization plan, State Bank Com
missioner John ]. Ghingher stated.
Under the plan, depositors will re-
ceive 1916 of their deposits, the other
$50 being set up into guaranty fund.