Evening star. [volume] (Washington, D.C.) 1854-1972, 1935-06-17

Y HCIlN6 III
w q $ h n G ton
chapter and deserves the honor, &C.
Ccrding to his associates.
Miss Constance D. Fogle of the
Riggs National Bank was appointed
a member of the National womens
Committee another assignment which
Is considered high honor by institute
members Miss Fogle was given this
reward largely because of her valuable
work in Washington chapter.
Members of the Washington deleea-
ton to Omaha, led by the new chap
ter president Earle McGeary, were
back at work TODAY. most enthusiastic
over the convention and all the side
features. They were pleased espe-
clally with the new national president.
Maynard w. E. Park. who is connected
with the Federal Reserve Bank of
Kansas City.
Born, reared and educated there. he
started his banking career as a bank
messenger. For l3 years he got all
sorts of experience in banking. more
than most employees get. because the
bank was liuuidated and reorganized
during that period. In April. 1916, he
took position with the Reserve Bank
and three years later was made as
sistant cashier, in charge of its money
department.
In 1924 he was elected to the Board
Of Governors of Kansas City Chapter.
vice president in 1928 and president
in 1926. While president he modern
ized the administrative set-up of his
chapter, insured representation for Its
woman members. improved its financ-
ing method and started the chapter
publication. the Kansas City Banker.
He served five years on its Educational
Committee. which was one of the first
to reach its quota.
OF to Credit Convention.
Associated Retail Credit Men of
Washington. Inc, has sent a large
delegation to Rochester. NJ Y. to the
annual convention of the National
Retail Credit Association. They left
here Yesterday
Business sessions will be held at
the Hotel Seneca June 10 to 81. in
elusive. Included in the group from
Washington are some of the city's
best known credit experts. They are:
Charles NJ. Keefer, credit manager
Of S. Kann Sons Co. and director of
the national association Miss Elsie
NJ. Lee. credit manager of Frank r.
Jelleff, Inc: E. Emerson Snyder,
credit manager of Raleigh Haber-
dasher; Harry V. Ostermayer, credit
manager of Woodward Il Lothrop
Zen Stein. credit manager of Gros-
ners: o. w. 3. Brown. credit man.
ager of Lansburgh e. Bro; r. Pres
ton Shealy, Washington counsel Of
the national association, and Stephen
H. Takes, secretary of the local asso-
citation.
Safe Deposit Election Nears.
The sixth annual election of the
safe deposit section of the District
Bankers Association will take place
next Tuesday evening in the board
room of the American Security. Sec
rotary John F. Hillysrd announced
today. Richard E. Harris is just con-
Guiding bis duties as chairman of the
At this meeting. the five members
Of the executive council will be
elected to serve for the ensuing year.
The names submitted by the Nom
mating Committee, as nominees for
election. are as follows:
Albert E. Fisher. Riggs National
Bank; John F. Hillysrd. National
Bank of Washington; Andrew r.
walden. Hamilton National Bank: c.
NJ. Ashton. Munsev Trust Co.: Mrs.
Helen r. Sharpe. Bank of Commerce
{: Savings; James e. Wolff. National
Metropolitan Bank: P. G. Brady.
American Security g. Trust Co.; T.
z. Elgin, the City Bank: John M
Boteler, National Savings e. Trust
Co, and Carl Smuck. Anacostia Bank.
Central Bank Plans Fading.
The central bank features of title II
In the proposed banking act of 1885
now appear in doubt of passage at this
session. The financial press considers
II impossible that the bin will be re-
ported from the Senate Banking Com
mittee before the middle of next week
That would leave only three days for
enactment before July /, when per-
manent features of the Federal Deposit
Insurance Corp law go into effect
The bill may be split as some of the
insurance features are considered too
harsh. If title I should be passed
separately. title II might have to wait
good while before final disposition
That would please opponents of the
whole central bank idea.
washington's delegation has gone to
Rutgers University for the opening to-
night of the Graduate School of Bank
ing. The six bankers from here are
Nelson 3. O'Neil, r. Earle Haycock
H. T. Bisselle Ralph Endicott. George
Fisher and Horace F. Stokes. 1t has
now been found possible for Rudolf s
Hecht president of the A. B. A., to
attend the exercises.
Teday's Trading on Exchange.
Bonds we're in good demand on the
Washington Stock Exchange today a.
the weeks business opened Washing.
ton Gas IS. series B. moved at 104 ir
three sales, while 81 900 Washington
Railway e. Electric As came out al
1o4s4. Capital Traction SIS were activ,
at 96l2.
Stocks were quiet. Mergenthale
Linotype registered ~ in tiny sale
while 20 shares Of Capital Transi
stock appeared on the board at 10
Every time this stock is offered a
10 fiat 1t seems to be picked w
quickly.
L. W. Todd. assistant manager o.
the Washington Office of Laidlaw &
Co.. returns tomorrow from his an
nual vacation. part of which he ha!
passed at his old home In Carlisle
Pa, and the remainder at New Jerse!
resorts.
The Richmond Reserve Bank ha'
sent the rules to all banks covering
action which has to be taken In con