The Washington times., 1934-03-03


Open to Midnight
Commissioner Helvering an
nounces that the local office will
be open until midnight on the
night Of March IS, and has set
these office hours to be effective
from now until the zero hour:
Mondays to Fridays, inclusive,
0 q. m. to 5 p. m. Saturdays, 8
q. m. to 4:30 p. m.
And while we are talking about
income taxes, many business men
are burning the midnight oil and
scratching their heads these days
trying to figure out where they
can charge off just a little more.
The Treasury Department Is
getting very economical now that
Henry Morgenthau, jr., is in
charge. Their press releases are
coming out on both sides of the
paper. That makes it tough on
the newspaper boys, who are in
the habit of using the scissors and
the paste pot.
One of the major developments
IN local financial circles is the
fact that John D. Mothershead,
co-manager, is no longer with
F'enner and Beane. He termi-
mated his connection as of
March /.
Mr.. Mothershead expects to
make New York connection and
leave Washington after many,
many years here in the broker
age field.
Regret at Departure
A native Of Georgia and a for
mer newspaper man, Mr.. Mothers
head has many friends here all
Of whom will regret his moving.
Maj. Gen. Richmond P. Davis,
q. S. A., retired, expresses regret
that Mr.. Mothershead is gone.
He is the surviving co-manager.
So far no steps to replace Mr..
Mothershead have been taken.
It's presumed, though, that Louis
W. Laudick, resident partner, will
return Immediately. Mr.. Laudick
has been in Florida for several
weeks.
Chester Lockwood, of Hemphill-
Noyes and Company, is one Of
the most courteous men in the
local financial field. He's gone
to Florida, but before departing
he took time to write Ralph M.
Wolfe, manager Of Mackubin and
Legg, who's secretary of the
Ticker Club of Washington,
letter stating he would be unable
to attend the annual meeting Of
the organization on Monday.
That's the day, Thomas w.
Brahany is slated to be elevated
to the presidency-that is, unless
the unforeseen occurs.
Mr.. Brahany happens to be
with E. A. Pierce and Company,
II you don't know it. The nom
mating committee says he's the
man, but complications might
come up.
Walton L. Sanderson. of the
Hamilton National Bank, chair
man of the educational commit
tee of the Washington Chapter
of the American Institute OF
Banking, announces that the
school has an enrolment of 1913
students for the second sen1es-
ter.
The four subjects comprising a
part of the Standard Course of
the American Institute Of Bank
ing which are being conducted
this term are: Commercial Law,
which is taught by Bolitha j.
Laws; Money and Banking, by
r. Joseph Donohue: Analysis of
Financial Statements, by James
Daniel CuShman, and Invest
ments, by James c. Dulin, jr.
Enrolments in the seven classes
conducted during the first SEM
ester of the present administra-
tive year we're 23O, making the
total enrolment in the eleven
classes 358. Mr.. Sanderson
stated that this constitutes a
good record when it is considered
that the reduction in the person
mel of local banks, through bank
suspensions, has not been fully
offset by the number Of new en-
ployes which have entered Wash
ington banks during the past
year.
Keep Up Standards
Another gratifying result of the
first semesters work, according to
chapter officials, is the high per
centage Of those enrolled who
successfully completed the
courses.
Glass mortality was less than
N per cent, which Is slightly be-
low the average Of the national
record Of this organization.
According to Mr.. Sanderson'
Institute students are required to
attain a prescribed grade in at
tendance, classroom work and
final written examination, and
students must attend at least IS
per cent Of all classes in order to
IA NlieiIle for final examination.