Evening star. [volume] (Washington, D.C.) 1854-1972, 1934-06-10
First Delegates Due Today.
Visit to Mount Vernon
Planned Tomorrow.
VITAL BANK PROBLEMS
WILL Be DISCUSSED
Three Days of Conferences to
Cover All Phases of Commercial
and Trust Operations.
BY EDWARD c. STONE.

The committee handing plans LOT
the thirty-second annual convention
of the American Institute of Banking
ended a busy week yesterday in prep
aration for entertaining more than
l 200 delegates representing 225 instl-
tute chapters who will be in attend
ance. A small contingent of delegates
will arrive in Washington today and
the first of five special trains will ar
rive at tbs tomorrow morning.
The program provides for three days
of business sessions. departmental ana
institute conferences, at which all
phases OF commercial and trust bank
ing will be discussed, national pub
lie speaking contest and debate, and
addresses by Melvin c. Hazen. District
Commissioner: Francis NJ. Law, pres
ident of the American Bankers Asso-
citation; Albert S Puelicher, national
president of the institute; DR.. Francis
P. Gaines, president of Washington
and Lee University, and O. Howard
Wolfe. cashier of the Philadelphia Ma
tional Bank
Will Put Wreath on Tomb.
While the time of the delegates will
be largely occupied with the educa-
tional and informative sessions of the
convention, the local committee has
arranged an attractive entertainment
program, according to T. Hunton
Leith, assistant cashier, Security Saw
ings g. Commercial Bank, chairman
of the General Committee. On Mon
day afternoon the visiting bankers will
be transported by bus to the Seventh
street .WharveS for a trip to Mount
Vernon on the steamer City of Wash
ington. While there officials of the
institute will lay a wreath on the
tomb of George Washington.
Upon returning the delegates will be
given sightseeing trip, after which
they will attend the A. P Giannini
public speaking contest, to be followed
by dance in the main ball room of
the Willard Hotel. At the conclusion
of the national debate on Tuesday
evening the Entertainment Commit
tee, of which Frank NJ Perley. trust
investment officer of the American
Security g. Trust Co., is chairman, has
arranged dance in the ball room of
the United States Chamber of Com
merce Building.
On Wednesday evening entertain
ment will be provided for the seven
caucus meetings to be held simultane-
ously, and before which groups each
candidate for office will appear and
make short address. At the conclu-
sion of the caucus meetings the dele
gates will be given a dance in the
Hall Of Nations of the Washington
Hotel. The final activity arranged by
this committee will be the farewell
ball at the Willard Hotel on Thurs
day evening. the last day of the con-
vention. The decorative scheme and
costumes for this function will be
unusual and the plans for this occa-
sion, which has been designated Cir
Gus night have aroused considerable
interest among A. I. B. members
Serving on the Entertainment Com
mittee with Mr.. Perley are the follow
ing: J. Earle McGeary. w. B. Hobs
& Co., and Rose L. Royce, Washing
ton Loan & Trust Co., vice chairmen;
Louise Mantz. American Security &
Trust Co, secretary; Willard G..
Barker. Morris Plan Bank, Edward
M. Blackjack and William H. Laughlin,
Washington Loan & Trust Co.;
Aubrey o. Dooley and Vivian E.
Stokes Hamilton National Bank
William A. Cady, James C. Dulin, jr.,
and Paul j. Settler, American Secur-
ity & Trust Co.; Joseph r. Fitzpatrick
and Henry P. Hoffman, Second Ma
tlonal Bank; G. Elmer Father. Union
Trust Co.: George Earnshaw. National
Metropolitan; Constance D. Fogle,
Robert M. Poole and l. j. Roberts,
Riggs National; Robert H. Lacey,
Columbia National; Robert E. Lee,
Richard A. Norris, Nelson Stokes and
James A. Soper. Lincoln National
Katharine w. McCalmont, w. B.
Hibbs & Co.; Francis E. Robey, Bank
OF Commerce & Savings; Robert G..
Wilton and E. Wallace Schreiner,
First National Bank of Alexandria.
Members of a host of other COM
fnlttees. already published, have given
time without limit to arranging de-
tails for the convention. 1t is the
first time the national organization
has met here. Surely, it will not be
the last. The next three days will
long be remembered by the delegates,
and by the members of Washington
Chapter
u S. Securities Popular.
England and France during May
continued to purchase American Sc
curities on balance on New York
markets, according to records COM
piled by the foreign department of
Fenner & Beane, members of New
York Stock Exchange. The figures
Shnw that hoc
securities on balance continuously
since last September, while British
investors have been steady buyers
since May of 1888, regardless of the
intermediate fluctuations of the mar
kets, upward or downward.
Purchases by English investors dur
ing May the firms records show, ex-
ceeded sales by approximately Is per
cent. Purchases for the account of
French investors exceeded sales by
about S per cent during May, which
was the smallest excess of purchases
over sales reported for any month
since the beginning of 1888.
For the first five months of the cur
rent year the records show that Eng
lands purchases on balance exceeded
ooASo W % pei NCliti anu IIldI rlCIlSll
purchases exceeded sales by % per
cent.
Tribute Paid Saffell.
Ralph j. Saffell, executive clerk of
the Washington Stock Exchange, was
heartily congratulated yesterday by
President c. j. Gockeler and the other
exchange officials for his 81 years OF
faithful service to the institution
Yesterday was the date on which he
completed that record While the
exchange is closed Saturdays. the off,
cials did not forget to phone their