Evening star., 1934-10-08
TALKS ARRANGED
FOR BANK WOMEN
Mrs. Roosevelt, Secretary
Perkins viii Address
Sessions Here.
BY EDWARD C. STONE.

Women at their twelfth annual con-
vention here October 1925 will be a
brilliant one. 1t has been announced
by Miss Nina M. Bruere, assistant
secretary of the Central Hanover
Bank g. Trust Co. of New York, chair
man.
Outstanding among the addresses
are those of Mrs. Franklin Delano
Roosevelt and Secretary of Labor
Frances Perkins. Mrs Roosevelt will
speak at the annual dinner on the
evening of October % on steps To-
ward International Peace" as will Sir
Wilmott H. Lewis, Washington cor
respondent of the London Times.
Secretary Perkins will address the
opening session, Social Trends in
Our Economic Readjustment." Miss
Helen Carloss, special assistant in the
Department of Justice, will also speak
on Income Tax as a longtime
Measure"
A feature of special interest will be
q round-table discussion of customer
relations to be given by members rep
reSenting the seven regional districts
of the association.
Presiding at the various sessions
will be Miss Agnes M. Kenny, First
Wisconsin National Bank, Milwaukee;
Miss Catherine Olney, Worcester
County National Bank, Worcester,
Mass, and Miss Jean Arnot Reid,
Bankers Trust Co., New York City.
The social functions of the conven-
tion include tea at the White House
on Monday afternoon, luncheon at
the Sulgrave Club preceding the an
nual meeting and visit to the Pan
American Building at the invitation
of DR.. L. S. Rowe, director of the Pan
American Union. The Washington
branch Women's Club will be very
active in the entertaining.
The officers of the association are
Miss Kenny, president; Miss Catherine
Olney, vice president; Miss Lillian c.
Hage treasurer; Miss Gertrude M.
Jacobs, recording secretary, and Miss
Emma M. Steinke, corresponding sec
retary.
Peoples Drug Sales Improve.
Sales of Peoples Drug Stores, Inc,
for September were reported today by
the big chain, and showed a pleasing
increase. September sales this year
totaled S1,335,2O4, in comparison with
$1,268,744 in September, 1888, or an
increase of So per cent.
Sales for the first nine months of
this year we're also announced today,
a total of S12,O03, 766 being compared
with S11,308,255 in the corresponding
months of 1893, these figures reveal
ing a gain in sales so far in 1884
Of 81 per cent.
Announcement was made in the
financial district today that holders
of the $628, 900 900 per cent Home
Owners Loan Corp. bonds, due July
l, 1851. which are guaranteed only
as to interest, again have been notified
by the Home Owners Loan Corp. that
the privilege Of converting them into
per cent bonds, guaranteed both as
to principal and interest, will expire
October 27. Investors who desire to
keep the 4 per cent bonds, despite the
absence of the complete Government
guarantee are free to do so, however.
Bank Employees Total 100000.
A survey covering approximately 80
per cent of the country's banks shows
that they employ more than 100000
persons, according to figures from the
reports of insured banks compiled by
the Federal Deposit Insurance Corp
The report says State member
banks of the Reserve system employ
more than $4,000, State non-member
banks in excess of $1,000 and ma
tional banks more than 10000. The
total number of officers in reporting
banks was $1,000
New York has the largest number
of persons employed with 81 900, while
Pennsylvania is second with 10000.
The Federal Reserve Bank of Rich
mond has just reported its first direct
loans to industry. The Richmond
bank has sent out a large amount of
information about these loans and
certain industries are now taking ad-
vantage of the offer. The forms ex-
plain in full detail just what infor-
nation has to be placed in the appli-
cations for all such loans.
Building Assets Show Increase.
William S. Quinter, secretary of the
District of Columbia Building g. Loan
League. reports substa ntial increases
in activities of the building and loan
associations in Washington during
September and the third quarter of
the year.
During September building and loan
assets here made a gain of S416 900
and 1928 new accounts were opened.
For the third quarter the increase in
assets Of local associations amounted
to S1032,O00, 3,735 new accounts be-
ing opened during the three months
New loans during the period under
review amounted to S4,152000. The
association official also reports that
Washington residents have been
showing marked interest in borrowing
money for the modernization OF
homes.
The annual election of directors
and officers of the District of Colum-
bia Building g. Loan League is sched-
uled for tomorrow.
AS noted elsewhere in today's Star,
the Bank of Commerce & Savings, at
Seventh and streets, plans to open a
branch on the site of the former North
Capitol Savings Bank, at North Capt.
tol and H streets. 1t was announced
by President Maurice D. Rosenberg
this afternoon that permission for the
branch office has been obtained from
the United States Treasury and that
conveyance of the premises was ap-
proved today by the Supreme Court
of the District of Columbia.
The North Capitol Savings Bank
went into receivership about four years
ago and has been under liquidation
since. The Commerce & Savings
Branch will be opened in about six
weeks, after the bank building has
been completely overhauled and mod
ernized for banking purposes.
The new bank Office will be located
in one of the busiest sections of 1.-The
city.
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