Evening star., 1934-11-16

association Rohert FIsminr
purse nge,
which is no small task. His place
on the Legislative Committee has been
taken by Ronald Ransom of Atlanta,
who is widely known among bank
ers here because of his work on the
Code Committee.
Bankers representing all sections of
the country and all classes and sizes
of banking institutions will take part
in the associations activities this year,
according to the latest appointments
made by President Hecht, covering
members at large of the Executive
Council, commissions, 13 general
committees and vice presidents for
territories and foreign countries.
Gov. Black on Council.
The II members at large Of the
Executive Council as announced by
Mr.. Hecht, are as follows: E. G. Ben
nett, president First Security Bank
of Idaho. Boise; Eugene R. Black,
governor Federal Reserve Bank of At
lanta, Atlanta; w. C. Bowman, preSi-
dent First National Bank. Montgom-
cry, Ala; E. E. Brown, president First
National Bank, Chicago; Walter j.
Cummings, chairman of board CONT
nentall Illinois National Bank g.
Trust Co., Chicago; Guy Emerson,
vice president Bankers Trust Co.,
New York; Thomas C. Hennings, vice
president Mercantile-C e-Commerce Bank
& Trust Co., St. Louis; Henry R.
10 n
Savings Bank, Brooklyn; w. R. More
house, vice president Security-First
National Bank, Los Angeles; James H.
Perkins, president City Bank Farm
ers Trust Co., New York; Ronald Ran
som. executive vice president Fulton
National Bank. Atlanta, and R. G.
Stockton, vice president Wachovia
Bank & Trust Co., Winston-Salem
N. c.
Chairmen of commissions are as
follows: Agricultural-H. Lane Young,
executive manager Citizens g. South
ern National Bank, Atlanta, chair
man. Bank management-Orval w.
Adams, vice president Utah State Ma
tional Bank, Salt Lake City. chair
man; P. D. Houston. American Ma
tional Bank, Nashville, vice chair
man. Commerce and marine-Fred
I. Kent, director Bankers Trust Co.,
New York, chairman. Economic pol
icy-Leonard P. Ayres, vice president
Cleveland Trust Co, chairman. Pub
lie education, John H. Puelicher, pres
ident Marshall & Ilsley Bank, Mil
waukee, chairman.
Committee Chairmen Named.
The chairmen of committees are
as follows. Administrative-Rud
S. Hecht, chairman. Banking code
Abner j. Stilwell, vice president Con-
tinental Illinois National Bank g.
Trust Co.. Chicago, chairman. Bank
ing studies-Tom K. Smith, president
Boatmen's National Bank, st. Louis,
chairman; Francis Marion Law, pres
ident First National Bank, Houston,
Tex, vice chairman. Bankruptcy, M
r. Sturtevant, vice president First
National Bank, st. Louis chairman.
Export Import Bank Advisory Com
mittee-Robert F. Maddox, director
First National Bank, Atlanta, chair
man; Joseph C. Rovensky, vice presi-
dent Chase National Bank, New York
vice chairman; Fred 1. Kent, director
Bankers Trust Co., New York, chief
consultant.
Federal Legislation and Federal
Legislative Council-Ronald Ransom.
executive vice president Fulton Ma
tional Bank, Atlanta, chairman. FL
nance-Robert V. Fleming, president
Riggs National Bank, Washington,
chairman. Foundation trustees-John
H. Puelicher chairman. Insurance
w. F. Keyser, secretary Missouri
Bankers Association, chairman. Men,
bership-E. N. Van Horne, president
Continental National Bank, Lincoln,
Nebr. chairman. Special Committee
on Section 52l9, U. S. Revised Stat
utes-Charles P. Blinn, jr. vice pres
ident Philadelphia National Bank
chairman. State Legislation and State
Legislative Council-A. T. Hibbard,
president Union Bank & Trust Co.,
Helena, Mont, chairman. Taxation
Robertson Griswold, vice president
Maryland Trust Co., Baltimore. chair
man.
District Bankers to Meet.
Members of the District Bankers
Association will hold a special meet
Ing this evening in the board room
of the American Security & Trust Co.
which will be addressed by j. Howard
Ardrey, deputy administrator of the
Federal Housing Commission. He will
speak on Titles and of the Hous-
ing Act" President Siddons will be
in the chair. The subject is one in
which Washington bankers are vitally
interested at this time, while their
institutions are cooperating so far as
possible in the housing campaign and
have abundant funds to loan.
Capital Issues Increasing.
Declaring that the securities act of
1888 is not an important factor in the
present inactivity of the capital mar
ket, Joseph P Kennedy, chairman OF
the Securities and Exchange Commits
sion, told a special luncheon meeting
of the Boston Chamber of Commerce
that the total of capital issues in the
United States, exclusive of Govern
ment issues, has increased since the
act became effective.
Mr.. Kennedy said that in the Sec
ond quarter of 1884 capital issues were
twice as large as in the like period
a year ago. And this" he said, "is
true despite the fact that there was
every inducement for bankers and
brokers to Jump the gun and get out
their issues before the securities act
became effective"
Trading Dull on Exchange.
Trading was very quiet on the
washington Stock Exchange again to-
day. The only sale was in Capital
Traction S. $1,000 transfer taking
place at 9012. The bid on Mergenthaler
Linotype was advanced from "a to 251a
and the asked price jumped from 26
to 29, on account of the favorable an
nual report.
Swift & Co. has declared the usual
quarterly dividend of 1919 cents on
the capital stock, payable January
to stock of record December l.. This
rate has been paid over the past year.
Mariner S. Eccles, newly appointed
governor of the Federal Reserve