Evening star., 1934-04-08
Officials of 21 Institutions
to Plan D. C. Gathering
at White Sulphur.
LATER DATE is LEFT
FOR A. |. B. CONVENTION
Capital Financiers Will Discuss
Wide Range of Important
Topics at Meeting.
BY EDWARD c. STONE.


Selection of the entire General
Convention Committee for the COM
ing sixteenth annual gathering of the
District Bankers Association, at
White Sulphur Springs. w. Va, was
announced yesterday by President
George o. Vass.
The list includes leading officials
in 81 Washington banks, several of
whom are former presidents of the
bankers association. Mr.. Vass had
already named Thomas J. Groom.
vice president and cashier of the
Bank of Commerce & Savings, general
chairman. and c. F. Jacobsen, cashier
of the National Metropolitan Bank
vice chairman. Committee members
appointed yesterday include:
Corcoran Thorn, president, Amer
lean Security G. Trust Co.; j. F..
Campbell, president, Anacostia Bank;
NJ. D. Rosenberg, president. Bank of
Commerce g. Savings; Frank j.
Stryker, president, Columbia National;
John C. YoSt, president, East Wash
ington Savings; E. C. Graham. presi-
dent, Hamilton National: w. W
Spaid, partner, w. B. Hibbs & Co:
Rolfe E. Boiling, president, Liberty
National; L. P. McLachlen, president,
McLachlen Bank; Floyd E. Davis,
president, Lincoln National; Bertram
Chesterman, president. Morris Plan
Bank; c. H. Pope, vice president and
treasurer, Munsey Trust Co.; George
L. Starkey, president, National Bank
of Washington; George w. White,
president, National Metropolitan;
William D. Hoover, president, Nation
al Savings e. Trust Co; Robert v.
Fleming, president, Riggs National;
Victor B. Deyber. president, Second
National; Francis G. Addison, jr.,
president, Security Savings & Com
mercial: Ord Preston. president,
Union Trust Co; Harry c. Meem,
and C. F. Burton. president Wash
ington Mechanics Savings Bank.
Farley Earlier This Year.
The annual convention will be held
the last of May this year in order not
to interfere with the convention of
the American Institute of Banking to
be held in Washington the week of
June TO- The last week in May was
selected because the four-day session
will require only two days absence
from business and will enable bankers
to combine the convention with Gus
tomary Decoration day trips. The
fnanciers will leave Washington on
special train on the Chesapeake g.
Ohio, Saturday, May 26, at 10 p M
and returning, reach home at 7 am,
Thursday May 81, Some will make
the trip by motor.
The Greenbrier, famous Southern
hoStelry, has been the scene of former
association conventions, the last one
In 1924. The resort is so easy of ac-
cess that association officials look for
a large attendance. AS the last day
of the month is always a busy one
for bankers, the convention has been
so timed that all will be back at work
The program, now in state of for
nation, will cover many of the most
pressing subjects perpleXing the bank
ing world. 1t is not planned to have
as many guest speakers this year, in
order to give members of the asSocia-
tion more time for discussion of mat
ters of particular Importance to the
Washington financial district
AS usual. the afternoon and eve
ming programs will be crowded with
sports and other forms of enter
tainment.
Loan Associations Boom.
The quarterly report of William S.
LOllntpr CpnrpfarU nf tho Dictriot of
Columbia Building and Loan League
shows a decided gain for the first
three months of 1884.
The report shows an increase in
assets of 81, 1926 GOO, 78O loans having
been made during the period for
total of S2442,000 and 3.092 new ac-
counts were opened in building and
loan associations in the District of
Columbia.
All of the associations which COM
prise the District of Columbia Build
ing and Loan League are now
operating under the new building and
loan code, and are endeavoring in
every way to promote the return of
normal business conditions in Wash
ington, many loans having been made
bOJII 1Ol IOIIoUl uClIUll anu ItIIlUutllIlS
purposes. thus aiding in the sale of
materials and the employment of
mechanics.
Trading on d. c. Exchange.
City & Suburban SIS opened trading
on the Washington Stock Exchange
yesterday, $1,000 selling at &c. Wash
ington Gas 5s, 1866, came out, with
$500 moving at 106, while Capital
Traction 5s also figured in Saturday
trading, $500 going at 8014. A single
share of Norfolk & Washington
Steamboat stock changed hands at rs.
Some interesting changes in bids
were registered late in the week.
Washington Gas SIS, 1858, closed with
the bid advancing from 92A to 931a
and the asked price from 9234 to 95.
Washington Railway & Electric As
ended the week with 92la bid and "a
asked.
At present Lanston Monotype is
paying the highest return of any
stock on the local board. Selling
around 48, the type stock returns 8.3
per cent. In the bond division, the
highest yield is on City & Suburban
first 5s. which now return about 975