Evening star., 1935-06-03
BANKERS RETURN
FROM CONVENTION
18th ConClave Is Regarded
as One of Best Held by
D. G. Association.
By EDWARD G. STONE.

Of the District of Columbia Bankers
Association became history at O'Clock
this morning when the Chesapeake &
Ohio special pulled into the Union
Station from Hot Springs, Va, where
Washington financiers had studied the
latest problems in banking, heard much
about the banking act of 1885. passed
long resolutions and also found time
for play during four very full days
One of the best conventions yet was
the general comment as the conclave
ended.
Frederick P. H. Siddons received
scores of compliments over the as
sociation's accomplishments during
the last wear, a difficult one in many
important respects, while Charles H.
Doine was heartily congratulated as ne
moved up to the presidency.
Durinr the wear the District
BANKERS Association has come into
the national limelight With tremen-
dous interest in finance centerlng IN
the Capital, the eyes of all the state
associations now are focused on
Washington and whatever action tne
local organization takes is OF more
than ordinary concern all over the
country This fact was commented
on in addresses by Robert V. Fleming
and F. G.. Await, deputy controller OF
the currency.
Eccles Surprised Bankers.
The address of Gov. Mariner c,
Eccles of the Federal Reserve Board
was a great surprise. Starting to make
onlv an informal talk, Gov. Eccles
warmed up to the subject and pre-
sented his views on the proposed
banking act of 1885 in most clear
convincing and striking manner.
Bankers expressed amazement over
the facts and figures ne reeleo OH
without any notes as ne clteo points
in the "Eccles bill which he con-
siders imperative and for the pest
interest of the country.
He wants the Federal Reserve
BOARD to have sufficient power in the
future to prevent imitation and check
def1ation. The banking act OF 1888
does not propose TO create perlecl
banking system. he says, but declares
its obiectives are both sound ana
workable.
The other side of the bitter con-
troversy was touched upon by MI.
Fleming in bringing greetings from
the American Bankers Association
as first vice president. He reiterated
the position taken by the national
sssociatio some of these views oelng
directly opposed to those of Gov
Eccles.
Special Honors Awarded.
At the conclusion of the family
dinner" late Saturday night, the
suspense was lifted and Chairman A
Scott Offutt announced the winners
in the final sports events. The !. a.
"pop" Fleming Cup went to Fred
Towers. with Roger j. Whiteford, sec
ond: Robert H. Lacey. third, and
George o. Vass, fourth.
The Mangan Tennis Cup was won
permanently oy Charles Carroll Nor
gan. with Frank NJ Perley, second.
The Hatton Cup. offered for Years by
the financial editor of the Washing
ton Herald, was brought homo by
Barnum L. Cotton. this years chair
man of the Entertainment Commit
tee. The winner of the ladies out
door putting contest was Mrs. Robert
c. Jones; Mrs. J. Thllman Hendrlck,
second.
Horace Smithy won the Hibpa Golf
Cup. Charles H. Doing second: Will
rner J. Waller, third, and Frank q.
Addison, ir., fourth. The Shannon
IL McLachlen Cup. class was car
ried of by Ropart V. Fleming, who
won two cups. odt was allowed TO
accept but one. Norman B. Frost
was second: M. E; Horton, third. and
e. Hinton, fourth. Glass s was
won by Thomas J. Groom, with N. N.
Wright. second: A. D. rriscon. third,
and John Lewis Smith, fourth
Archibald McLachlen, after d most
exciting contest i'll which tops were
fying through the all like enormous
humblebees. grabbed the Mclean top
spinning cup. All other winners have
been previously announced. the prizes
being the most expensive ever Of
fered
Seven Bank Presidents Present.
There were seven Washington bank
Addison, Deyber, Fleming. :iatley'
Graham. McLachl2n and Meem the
latter dropping IN from White Sui
phur to see an cff1cial of his bank
inducted into he office of president
Edwin c. Graham head of the
Hamilton National. who was i'll in
Florida so long. was given great
welcome. Ernest E. Herrell, head of
the International Finance Corp,
maintained his record, having at
tended every one of the II conven-
tions. His old college Chum, N. Bert
Nye, accompanied him, as usual.
Four more banks reported at the
opening session than last year and
there were 22l at the family dinner,
record since the depression started.
The attendance at the daily business
sessions was better than usual and
the program particularly well bal
anced
e. r. Colladay, director in the Sec
ond National Bank. who has attended
all the District Bankers Associations
recent convention, was at Hot
Springs. remaining at the Virginia
resort for a longer visit.
James B. EdmundS, C. g. o. general
passenger agent, was in charge of his
first convention special in 1921. He
has taken similar responsibility at
every annual meeting since that has
been held at a point on the c. g. o.
lines A f1na record.
Heard in Financial District.
Percy H. Johnston, ir., has been
admitted as general partner in the
Stock Exchange firm of Hemphill,
Noyes g. Co, the washington office
announced today. He is the son of
the chairman of the board of the
Chemical National Bank, New York,
and a native OF Kentucky.
The Fidelity Building & Loan ASso-
citation announces new service for
patrcus, those contemplating building
or undermining their homes being
invited to make use of a library
containing plans for more than 700