The Washington times., 1934-04-20

Wis did not
make the sur M
vey on which SIS
this is based. sEza
However, his Dunbar Hare
firm has gone into the matter
in q big and handsome manner,
delegating to him the task Of
purveying the information to the
public.
We present herewith part Of
the generals handout:
while the operations Of
French investors and traders
through this house are on q
more active scale than those Of
the British, the latter, with the
exception of o brief selling
spell during and shortly after
the bank holiday Of March,
1888, have been steady pur-
chasers ON balance Of Ameri.
can securities since the begin
ming of last year, with pur-
chaseS being exceptionally
heavy during the first quarter
Of 1884. The French also have
been accommodating American
securities on . substantial scale
during the first quarter Of this
year, but the records show that
i'm 1888 France sold . small
amount of balance, taking the
years transactions as a whole.
"The detailed figures show
that during the full year 1888,
purchases Of American securi-
ties by British investors ex.
Ceeded sales by 1926 per cent.
Buying by the British during
the first quarter Of 1884, the
study reveals, was stepped up
considerably, for in this period
purchases exceeded sales by
1O6.1 per cent. French inves-
tors during 1888 sold 81 per
cent more American securities
than they purchased, but in the
first quarter Of 1884 their pur-
chases exceeded sales by S2.6
per cent"
A number Of local bankers are
absent from their desks today.
They have gone to White Sulphur
Springs, w. Va, to make arrange
mentS for the annual convention
of the District of Columbia Bank
ers Association to be held next
month.
All who are on the trip are
members of the hotel committee.
8. William Miller, assistant treas
urer of the Union Trust Com
pany, is chairman Of the group.
Accompanying him are George O.
Vass, vice president Of Riggs Ma
tional Bank and president Of the
association: Thomas j. Groom,
vice president of the Bank Of
Commerce and Savings and gen
eral convention chairman: Will
mer j. Waller, vice president of
the Hamilton National Bank and
chairman of the program commit
tee; Barnum L. Cotton, real es-
tate officer of the National Saw
ings and Trust Company and
chairman Of the transportation
committee: Hileary G. Hoskinson,
vice president of the Riggs Ma
tional Bank and chairman Of the
entertainment committee; T.
Stanley Holland, trust officer Of
the American Security and Trust
Company and chairman Of the
sports committee: Archibald Nc
Lachlen, secretary Of the McLach-
len Banking Corporation and vice
chairman Of the transportation
committee.
Before departing Mr.. Miller said
two days would be spent in plan
ming details for room assignments,
golf and tennis tournaments, en-
tertainment features and business
sessions.
AS he left, Mr.. Miller said:
eve are going to White
Sulphur this week to live up to
the best tradition of the District
Of Columbia Bankers Association
to make our annual COnven'
tons linger long in the memory
Of all who attend"
In addition to Mr.. Miller, mem
hers Of the hotel committee are
r. r. Ullmer, assistant treasurer
Of the National Savings and Trust
Company, vice chairman; Alfred
II, Lawson, vice president Of the
Washington Loan and Trust Com
pany: s. w. Earnshaw, secretary.
treasurer Of the East Washington
Savings Bank; ]. Frank White,
vice president Of the National
Bank Of washington, and A. S.
Offutt, vice president Of the City
Bank of Washington.
Henry II. Heimann will return
TO his post as executive manager
of the National Bureau Of Credit
Men on May /. according to an
nouncement.
Mr.. Heimann has been on leave
of absence for three months, serv-
ing as director Of the Shipping
Board Bureau Of the Department
of Commerce. He was expected to
reIinquish that job on April !, but
was asked to remain until May J..
NORMAN REELECTED