Evening star., 1933-11-07

ANALYSIS shows that local financial insti-
tutions are in a favorable position. The
figures also indicate that there has been
more or less of a swing toward savings
accounts since the new banking law
stopped interest payments on checking
or demand deposits.
Ice Company Advances KidwelI.
The American Ice Co. today an
nouneed the election Of Harry H. Kid
well, well known in business circles in
Washington, where he has been man
hger of the lcompany's washington
division, to the office of treasurer of the
company. with headquarters IN New
York.
Mr.. Kidwell was born and educated in
Washington and first Joined the Ameri-
can Ice Co. here early in 1913. Until
his removal to New York to take up his
new duties he has been in washington
ever since, except for two years service
with the Army during the World War
and for five years in the Philadelphia
department.
Since 1925 he has been manager Of
the Washington organization. He is q
member of the Washington Rotary Club,
the Washington Board Of Trade, the
Merchants and Manufacturers Associa-
ton and the Columbia Country Club.
A. B. A. Convention Dates Set.
The invitation of the Washington
bankers extended to the American
Bankers Association to hold its 1884
convention in this city has been ac-
cepted and the dates fixed at october
% to rs, 1t Is announced by F. N.
Shepherd, executive manager Of the
association.
The Willard will be the headquar-
ters hotel where all committee and
divisional meetings will be held, but
the general sessions will take place
In the National Theater.
It was understood during the recent
national convention in Chicago that the
1884 convention would be held in
Washington. Formal action remained
to be taken, however, and the exact
dates set.
The convention will bring the most
notable gathering of bankers to the
Capital since about II years ago when
the American Bankers Association held
Its last session here.
The District Bankers Association
sponsored the invitation and will play
an important role in helping to make
the convention brilliant success.
Bankers to Attend Dinner.
Eight officers of the Riggs National
Bank, including President Robert v.
Fleming and George o. VaSs. presi-
dent Of the District Bankers Associa-
ton, viii attend the dinner meeting
OF the District Life Underwriters As
ISOLATION tomorrow night at the Willard
hotel; Thomas P. Morgan. jr.. president
OF the insurance organization, an
nounced today. Many other local bank
ers are planning to be present.
Tne speakers are to be M. A. Linton,
president Of the Provident Mutual Life
Insurance Co. Of Philadelphia and C.
q. Merriam, chairman of the Deposit
Liquidation Board and q director in
the Reconstruction Finance Corpora
ton.
Heard In Financial District.
All banks in Washington were doing
business as usual today, but brokers
were observing the New York City elec-
tlon and all tickers were silent.
aggregate Of l14,083, ,450 bond re-
oemption scheduled for November, 1893,
Is smaller than the October total of
Slo,536,900 and the November. 1892.
nglre Of S28,211, ,725. 1t comprises Sill
1000 called IN entirely and 2,553 ,45o
caneo In part, generally to satisfy sink
Ing fund requirements
substantial progress in the Govern
ments program for hquidating deposits
In closed banks is claimed by Chairman
Jones OF the R. F. c. Since October
16 about $s3,000,000 in loans have been
authorized by the corporation, he said
All OF this money will be used in the
payment Of dividends to depositors and
In hquidating frozen bank assets.
General Motors Corporation has de-
clared an extra dividend of 25 cents
and the regular quarterly dividends OF
25 cents on the common, both payable
December II to stock OF record NO
yenber Is, and s1.25 on the SIS pre-
ferred. payable February to stock OF
record January 8.
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