Evening star., 1936-06-05
BANKS TO STRESS
PUBLIC RELATIONS
Five-Point Plan Adopted by
D. c. Association at
Annual ConCIave.
BY EDWARD c. STONE.

BY EDWARD c. STONE.
Washington bankers during the
coming year propose to bring banking
closer to the pIblic, encourage the
creation of more credit. help patrons
increase material wealth and dis
courage the use of bank funds for
speculation that contains the element
of gambling.
These ideas were embodied in a
fve-point program adopted at the
annual convention of the District
Bankers Association, being included
in a statement of policy presented
by the Resolutions Committee at
White Sulphur Springs.
Deyber is Chairman.
Victor B. Deyber, chairman of the
Board of the Second National Bank,
was chairman of the committee and
read the report which was unani-
mously adopted. The resolutions:
Il. That we should explore the field
of public relations and direct our
efforts toward acquainting the people
with the philosophy of banking and
the relation it bears to social and
economic development.
%. We should safeguard at all costs
the funds given to our care by our
depositors,
"3. We should encourage the Gre
alton of sound productive credit
through education personally and
publicly of business men who have
1t in their power to create such
credit.
- We should explore the field of
consumptive credit and try to help
the people to acquire and use things
of permanent value that increase the
sum total of material wealth that
contributes to our comfort and hap
piness, the production of which keeps
people gainfully employed.
rs. We should discourage the use
of bank funds for speculation that
has the element of gambling and does
not increase the aggregate of material
wealth"
Favored by Doing.
Charles H. Doing, retiring presi-
dent, presided at the session when
the resolutions were adopted. The
suggestions are in full accord with
his ideas on the relation of banks
TO the community.
incidentally, they are closely allied
to the views of Robert v. Fleming.
president of the American Bankers
Association, who has made scores
of addresses during the present year
advocating an expanded public re-
lations program intended to make
banking service better understood and
more useful to patrons and others.
Karl w. Corby, new president OF
the local association, stands on the
same platform.
Transit Outlook Held Better.
Some shareholders in the Capital
Transit Co. are taking a more cheerful
view of the outlook. They don't say
that prosperity is around the corner
but they do think the corner is nearer
than it has been.
They base their claims on the April
report out last week which revealed a
net return during the month of S33,-
s47.16. This compared with an April
net in 1885 of s119,395.85, a very
striking difference.
However, the Capital Transit Co. re-
ported loss last December, another
loss in January, and deficits in Feb
ruary and March, as well. The $685. 900
profit in April turned the tables and
may be the beginning of better days.
At any rate. that is one view heard
In the financial district. The extra
expense of track changes, re-routing
and that kind of work is nearing
an end and should mean substantial
saving to the company. The actual
changing of certain routes may also
mean savings for the company
Capital Transit stock still sells
around II. but the April profit against
the record of the previous four
months has caused considerable COM
ment.
Building Group Has Election.
Charles H. Bauman was reelected
president of the Oriental Building
Association, 600 F street, at the an
nual meeting held late yesterday.
Harry E. Deckman was again made
secretary and Charles W. Schafer,
treasurer.
Directors elected at the meeting
include Carl G. Haneke, Charles
Schafer, c. H. Shultz. John j. Kolb,
F. Ochsenreiter, Chaplin p Bauman,
Thomas B. Young, Louis c. Dismer
and c. Albert Parker.
Oriental is one of the oldest aSso-
Citations of the kind in the District
of Columbia, having been founded in
1861. The association belongs to the
United States Building and Loan
League, the District Building and
Loan League and the Federal Home
Loan Bank System.
Southern Rail Incomes Gain.
Glass l railroads in the Southern
district for the first four months of
1886 had a net railway operating in
come of S22,671, SIT, which was at the
annual rate of return of 2.04 per cent
on their property investment. For
the same period in 1885 their net
railway operating income amounted
to $780, 1877, which was at the an
nual rate of return of 1.60 per cent
on their property investment.
Gross operating revenues of the
class l railroads In the Southern dis
trict for the first four months in 1896
amounted to s161 $40, ,9O1, an increase
OF 1873 per cent compared with the
same period in 1885, while operating
expenses totaled $122, GIG, ,626, an in
crease of 10.1 per cent.
Class l railroads in the Southern
district for the month of April had
q net railway operating income of
$5,504,65s, compared with $5,444, ,426
in April, 1885.
MergenthaIer Votes Dividend.
Directors of the Mergenthaler Limo
type Co. have declared 50-cent divi-
dend on the outstanding stock, pay
able August Is to stockholders of
record August 1, it was announced
today. This is the second 50-cent
.Jsx,sl1~,L @I,a l{~anfnpe Loun Lno1aro.S