Evening star., 1935-09-19
MORE WOMEN GET
PLACES IN BANKS
Miss Mary E. Anderson Tells
of Large Increase in
Executive Duties.
BY EDWARD c. STONE.

There has been a tremendous in
crease in the number of women en-
ployed in banks in recent years, Miss
Mary e. Anderson. director, Women'S
Bureau, United States Department OF
Labor, told the women of Washington
Chapter, American Institute Of Bank
ing, at the annual dinner Of the
Women's Committee last evening at
the Y. w. c. A. Between 1910 and
1880 the number of women holding
executive positions in banks increased
from 1900 to 5000, she said.
Women generally have participated
on large scale in educational actiyi-
ties. the tendency to take advantage
Of such facilities as are offered by the
Institute of Banking probably being
the key to their growing Importance
along all lines of occupational endea-
vor. The Department of Labor has been
besieged with criticism because women
are taking so many jobs, much OF
the unemployment problem being laid
to this reason. Research by the Wom-
ems Bureau indicates this is fall
lacy, since at least 80 per cent of en-
ployed women are working because of
necessity and their incomes are
needed for themselves and their de-
peadents, the speaker asserted.
In conclusion Miss Anderson stated
that women control 80 per cent of the
country'S purchasing power, hence are
deserving of much consideration by
the country's financiers. Women con-
stitute A per cent of the stockholders
In large corporations and own % per
cent of the stock, she said
Other speakers stressed the import
hnce Of education. Miss Vivian E.
Stokes, chairman of the Women's
Committee, presided Including those
taking part in the program were Paul
j. Seltzer, American Security g. Trust
Co.; Charles H. Doing, president of
the District Bankers Association and
first vice president of the Washington
Loan & Trust Co.; Raymond B. Dickey,
dean of the Institute faculty; j. Earle
McGeary. president Washington Chap
ter; Edward M. Blaiklock, chairman
Educational Committee. and Miss Con-
stance D. Fogle, member National
Women'S Committee, A. I. B.
After the institute work had been
properly outlined for the coming year,
there was an elaborate entertainment.
Special efforts were launched today for
the enrolment of as many women as
possible who are employed in the local
banks.
Bank Auditors Hear Kellogg.
Fred c. Kellogg of the Federal De-
post Insurance Corp, made the prin-
cipal address at the dinner meeting
of Washington bank auditors at the
La Fayette Hotel last night. He ex,
planned the operation of title I of the
banking act of 1885 in its effect upon
the banks and showed the advantages
ITO both the banks and the public in
the permanent plan now in operation.
Short addresses also were made by
William G. Loeffler and H. w. Wiley.
Representatives from the Fidelity
Philadelphia Trust Co. and the State
Planters Bank & Trust Co., and the
First & Merchants National Bank of
Richmond, were among the go in at
tendance.
The meeting was the first Fall gath
erng of the auditors section OF the
District Bankers Association. James
D. Barrett, American Security &
Trust Co., the new chairman, presided.
Eccles Selection Gratifying.
Bankers here expressed qualification
today over the selection by President
Roosevelt of Mariner S. Eccles to the
craftsmanship of the new board OF
governors of the Federal Reserve Sys-
tenn 1t is expected he will assume the
craftsmanship when the new board
takes Office on February /, 1886.
Mr.. Eccles is at present head of the
Federal Reserve Board so will merely
be extending his office when the
change in the board and the boards
methods takes place under the bank
ing act of 1885. There will be six
other members of the board to be
known as governors.
Washington bankers were not sur
prised over the announcement by the
president. Eccles was considered
the logical financier to become head of
the new board. His record with the
present board led bankers to expect
his retention in Office.
Gov. Eccles is held in high esteem
by leaders in the banking district here
and is considered to have exceptional
hoy lyiY oh oil hnf
the District Bankers Association at
Hot Springs last June is still recalled
as one of the outstanding features of
the program. He revealed a grasp o.
the banking situation that was III
tenSely interesting. His frank discus
sion of Federal Reserve Board opera
tions was equally enlightening.
During the long discussions over the
banking act of 1885, while it was
pending in Congress, Gov. Eccles gave
an unlimited amount of time to con-
ferences with officers of the American
Bankers Association that won him
national regard and gratitude
Today's Trading on Exchange.
National Savings g. Trust Co stock
opened trading on the Washington
Stock Exchange today with ID shares
selling at 100. Later Riggs National
common again sold at 210.
Lanston Monotype sold at e315 to-
day for 20 shares. Potomac Electric
612 per cent preferred came out at
1929, while Capital Transit stock
moved at 18 following its recent ad-
vance from 17h.
In the bond division Washington
Railway & Electric As recorded
$1,000 sale at 1854. During the ses-
sion three $500 sales in Capital Trac-
tion IS were recorded at 9624, of "a
from the last previous sales.
Bid and asked prices on other is
sues were practically unchanged. The
regular quarterly dividend on Peoples
Drug Stores preferred has just been
paid.
Harry P. White, assistant treasurer