Evening star., 1936-02-23

1nCluQSQ IeOISe u. Sedy, soFC1AoA VI
the Federal Reserve Bank of Rich
rnond; I. I. Chorpening, chief national
bank examiner in this district; Clifford
K. Bergman, cartoonist of The Star;
F. G. Await, retiring deputy controller
of the currency; several local bank
presidents and other senior officials,
members of the institute faculty and
officers of the District Bankers Asso-
ciation.
When honorary membership in
Washington Chapter was conferred
upon Fleming by the chapter preSl-
dent, the Capital f1nancier briefly ex-
pressed his deep appreciation, spoke
Of a lifetime of effort spent in the
banking fraternity of Washington
and said he would prize the honor very
highly. He lauded the work Of Wash
ington Chapter in training and ed
ucating the city'S junior bankers, and
praised the brilliant efforts of DR..
Harold Stonier in planning the bank
ing courses for the whole Nation. His
outstanding leadership and intel
lectual attainments are bound to help
develop future banking leaders who
will give the people of this country
type of banking service which has
never been equaled by any banking
system, the A. B. A. chief declared.
Optimistic for Future.
The speaker told the institute men,
bers he is optimistic regarding the
future of banking as career. Bank
ing in America now rests on sounder
foundation than ever before in the
history of the country, he asserted. In
stressing this point, Fleming added:
''The question of banking laws has
been settled. These laws are constru-
tive and provide opportunities for
broadened service while at the same
time giving to the supervisory authori-
ties a degree of control which, in my
Judgment. can go long way toward
preventing a recurrence OF the un-
fortunate happenings of the past.
Furthermore, while we have heard it
said that it would be helpful to the
banking and business interests of the
country if we could have more frank
interchange of views as basis for the
formulation of banking law and regu-
lations, similar to the procedure exist
ing under the systems of some of the
older countries of the world, feel
that a splendid spirit of cooperation
exists today between bankers and the
supervisory officials of Government.
The frankest sort of discussions now
%ol~ tho nf dnfnr-
mining what is best in the public in
terest and I believe we are reaching a
degree of cooperation which argues
well for the maintenance of the sound
foundations of our banking system.
Lauds Federal Agencies.
"On behalf of the American Bankers
Association I would like to take this
opportunity to express our appreci-
asion to the Board of Governors of
the Federal Reserve System, the con-
troller of the currency, the direc-
tors of the Federal Deposit Insurance
Corp. the directors of the Reconstruc-
tion Finance Corp, and the members
of their stats, for the fine, fair and
cooperative attitude which it is my
observation they have taken on all
questions arising regarding the inter-
probation, supervision and regulations
required under the banking laws.
"As you know, banking is based
upon the exact science of law and
accounting as well as upon economics.
The American Institute of Banking
is making very valuable contribu-
tion to the literature of banking and
a survey of the courses offered reveals
that any one who pursues them dill
gently will acquire splendid knowl-
edge of the sciences upon which bank
ing is based"
Status Summarized.
National President Park summar-
lied the present status of the insti-
tute, number of active chapters, num-
Der of students, courses offered and
other vital statistics.
President McGeary presented a
handsome watch to Walton L. San
derson, president of Washington
Chapter, last year. The entertain
ment was turned over to Edwin C.
Steffe, as master Of ceremonies, the
George Washington University Glee
Club and several stage stars furnish
ing the talent.
It was the first time that the presi-
dent of the American Bankers Asso-
citation has been a resident of Wash
ington and the institute chapter made
the most of the occasion. Three for
mer national institute presidents were
present, Frank M. lotion, Charles F.
Ellery and Carter E. Tollman.
Richard E. Norris was chairman of
General Committee, with T. Hunton
Leith, Aubrey O. Dooley and I. j.
Roberts as vice chairmen. James A..
Soper headed the Reception Commit
tee. Chairman Of other committees
were: Miss Constance Fogle, Dance;
Edward M. Blaikloek. Decorations; G.
Elmer Flather. Dinner; Frank M. Per-
ley, Entertainment; w. L. Sanderson,
Finance; Francis e. Robey. Invitations;
A. E. Henze, Publicity, and Robert H.
Lacey, Seating.
Guests Attending Banquet.
Members of Washington Chapter
end guests at the banquet included:
Adams, Miss II. c. Andrews. Miss L.
Akfe. Charles L. Andrews. Mrs. L.
Alden, Statler P Armstrong Edw j.
Anderson. Howard II. Armstrons, Mrs. 3. ].
Allen. Mckendan Armstrong W. j., ir.
Alley. James B. AShdown. VIM. L.
Aniick Earle M Auldridge, r. A.
Amick. Mrs. Earle M. Await r. q.
Andre Miss Louise Ayres, Mrs. virginia
BACKING Miss Mary Bells. william e.
gahlman%1 % John 4 Bostick; Miss Grace
Bafnhouse. Albert M. Bourdeaux. c. Or.
Bsrnhouse: Mrs; L Bourdea9x
Jarrett. Miss Il. N. Bowers. Mrs. Clara