Evening star., 1934-05-11

H. Laughlin, Washington Loan &
Trust Co., treasurer; Robert M. Poole,
Riggs National Bank chief consul;
Katharine w. McCalmont w. B.
HibbS & Co., secretary; Ruth !. Cor
don, Security Savings & Commercial
Bank, assistant secretary.
The vacancies on the board of gov
ernors will be filled by Robert H.
Lacey Columbia National Bank, who
will serve for three years, and Her
bert D. Lawson, Washington Loan &
Trust Co.; Stuart S. Ogilvie. Second
National Bank; Frances E. Robey.
Bank of Commerce & Savings. and
Alice H. Whitton First National Bank,
Alexandria, elected for two-year
terms.
Retiring from the board of gover-
nors, whose term of Office expires June
/, are J. George DagenaiS, Riggs Ma
tional; Joseph R. Fitzpatrick, Second
National Frank M. Perley, American
Security & Trust Co.; Rose L. Royce,
Washington Loan g. Trust Co., and
E. Wallace Schreiner, First National
Bank, Alexandria,
Mr. Sanderson the new president
is native of Washington, a graduate
of Eastern High School and received
his standard certificate from the in
Stitute in 1926, later being awarded
certificates in commercial and invest
ment banking and public speaking.
He has been actively associated with
the chapter for a number of years.
and in addition to serving as chair
af of tic
committees, he has successfully filled
the Offices of chief consul, treasurer,
second vice president and first vice
president.
Mr.. Sanderson represented Wash
ington Chapter at the national con-
ventions of the institute held in De-
troit, Tulsa and Pittsburgh, and will
be a delegate to the 1884 national
convention to be held here June IL
IA. He succeeds Robert H. Lacey.
Bankers Now Looking Forward.
President Francis M. Law Of the
American Bankers Association, while
in the city the other day, said:
Bank depositors once more know
that their money is safe and the
bdl1hC1, I'LL 1CC LII GAlC AAlO"l.
edge of his strength, for the first time
in four years is looking forward.
1T is true that banks everywhere,
large and small, are superb liquid.
Their surplus cash reserves are far
too high to permit normal earnings
For this reason many bankers have
been concerned as to the future
profitableness of banking, especially
in view of Government incursions
into this field If we admit that
banks are necessary to business, we
must also admit that their stock
holders are entitled to a reasonable
are to endure they must be allowed
to make such return.
Many banks blessed with good
management, even under recent un-
favorable conditions, have made fair
earnings and this leads me to say
that after all the most important
factor In any bank is management
Good banks are not made such by
legislation, but are the result of good
management" said the A. B. A.
official.
COucn reports Loans hepdIu.
Business men are turning their
thoughts from figures in the red to
columns in the black, Harvey G..
Couch, director of the R. F. c., de-
clared in an address before the Ar
kansas Bankers Association.
Mr.. Couch said that 81 per cent of
the r. F. c. loans to banks have been
repaid. He expressed the hope that
the Federal budget would be balanced
not later than 1896.
Commenting on the opportunity for
industrial loans by the R. F. c., Mr.
Couch said he was convinced the re-
turn to normal economic life awaits
the removal of certain restrictions
against such loans. Commercial banks
should not be called upon to make
capital or longtime loans, because
such advances are made from funds
derived from demand deposits, he
said.
He asserted that the overrapid in
crease in the number of banks was
one of the greatest weaknesses in our
banking system.
C..-;,~ &, E;~ou.soI n;e%s;ok