Evening star., 1934-06-29
HAYCQCK ELECTED
BY BANK AUDITORS
Riggs Official Is Named
Chairman of District
Association Group.

R. L. Haycock auditor of Riggs
National Bank, was elected chairman
of the auditors section, District of
Columbia Bankers Association, at its
annual dinner meeting last night at
Olney Inn, Md. He succeeds Albert
E. Yeatman of Columbia National
Bank, who presided at the dinner
Other officers were named as fol-
lows: James D. Barrett, assistant
auditor. American Security & Trust
Co. vice chairman; Millard S. Yeat-
man, auditor of Hamilton National
Bank, secretary, and these two addi-
tional members of the Executive
Council: Harry Downey. auditor of
Washington Loan & Trust Co.. and
Albert E. Yeatman.
Frederick P. H. Siddons, president
of the District of Columbia Bankers
Association and secretary of the
American Security e. Trust Co., ad-
dressed the gathering He said the
section had been a material help 20
the banks of Washington and the
Bankers Association. With new bank
laws coming into effect, he predicted
that the section would be called upon
now to assist in many new ways
In addition to President Siddons,
other guests of honor included Albert
S Galley of Lincoln National Bank,
treasurer of the Bankers Association;
Miss Gladys Keer. assistant secre-
tary of the Bankers Association, and
w. L. Sanderson of Hamilton Ma
tional Bank, president of Washing
ton Chapter, American Institute of
Banking.
Dividends Are Ordered.
Two national banks here an
nounced dividends today.
The National Bank of Washington
directors declared a semi-annual divi-
dend of 50 per share, payable July 2,
to shareholders of record June 27.
Transfer books will be closed June
27 and reopened July 2.
Directors of the Columbia National
Bank at their meeting yesterday de-
clared a quarterly dividend of e150
per share, payable July 2 to stock
holders of record June 80.
Committees Announced.
Completing his list of standing
committees, President Siddons of the
Bankers Association announced last
night the personnel of his commit
tees on Public Relations. Standardized
Banking Forms and Treasury Rela-
tions.
Wilmer j. Waller, vice president of
Hamilton National Bank, was named
chairman of the Committee on Pub
lie Relations and H. H. Mckee, presi-
dent of National Capital Bank, vice
Chairman, Other members of the
committee are:
Francis G. Addison, jr.. president,
Security Savings & Commercial
Bank; Howard Moran. vice president.
American Security & Trust Co.; Will
liam w. Spaid. partner, W. B. Hibbs
& Co.; B. c. Graham, president.
Hamilton National Bank.
This question of the relationship
Of banks to the public has grown to
great proportions in recent years."
said Siddons. The special function
of this committee will be to arrange
Tor the local banker to go before the
public and present for its considera-
ton the great changes which have
taken place in banking so that there
will be an increasing understanding
by the public of the bankers prob
lens. Waller is a past president of
the association and also past preSi-
dent of Washington Chapter, A. I. B."
Ratcliffe Is Chairman.
c. D. Ratcliffe, vice president, Mum
sey Trust Co., was appointed chair
man of the Committee on Stand
ardized Banking Forms and will have
the following bankers to assist him:
Frank M. Perley, trust investment Of
hcer, American Security & Trust Co.,
vice chairman; j. F. Campbell. presi-
dent, Anacostia Bank; C. Louis Eek
loft, assistant cashier National Met
ropolitan Bank: David Bornet. trust
officer. National Savings & Trust Co..
and l. j. Roberts, assistant cashier,
Riggs National Bank
When this committee was first
formed a vast amount of research
work was done and today this COM
mittee recommends changes in stand
ard forms which constantly helps the
local bankers to improve phases of
its management. Ratcliffe has served
on many committees of the aSSocia-
ton
Hilleary G. HoSkinSon again was
appointed chairman of the Committee
on Treasury Relations. He will be
assisted by Lanier P. McLachlen. pres
ident, McLachlen Banking Corpora
ton, vice chairman; A. H. Lawson,
vice president. Washington Loan g.
Trust Co.; Henry H. Mckee, presi-
dent, National Capital Bank; Howard
Moran, vice president, American Sc
curity g. Trust Co., and Francis G.
Addison, president, Security Savings
g. Commercial Bank.
Every year matters relating to prob
lens of the local bankers before the
Treasury Department arise, and this
committee under Hoskinsons leader
ship has greatly assisted the banks.
Confusion Deplored.
The great mass of laws relating di-
rectly and indirectly to banking which
have been adopted in the United
States by Congress and by the various
State Legislatures during the last
decade has resulted in confusion. COM
plexity and uncertainty in the normal
operations of every banking institu-
ton, it was declared by D. j. Need
ham, general counsel, American Bank
ers' Association. New York City. be-
fore the Wisconsin Bankers Associa-
ton Convention at Milwaukee recently.
While no doubt such legislation
was honestly intended to improve the
business of banking the fact is that
the bankers are enveloped in a maze
of intricate and complex laws which
make it necessary for Every prudent
bank executive to stop. look and read
before taking any important step in
even the daily routine work of his
institution. His lawyer must be his
constant. daily business companion"
More Repairs Needed.
Glass l railroads on June 1 had
301, 1868 freight cars in need of repair,
or l5.4 per cent of the number on