Evening star., 1936-09-13
BANKERS PREPARE.
FOR TRIP T0A. B. A.
C0NC[AVE IN WEST
Last of Big Delegation to
Leave Tuesday for San
Francisco.
HIGH HONORS PLANNED
FOR PRESIDENT FLEMING
Capital Group to Be Entertained
at Chicago With Financiers
of Other Areas.
BY EDWARD C. STONE.

Next Tuesday will see the last of
the big delegation of Washington
bankers heading for the Golden Gate
to attend the annual convention OF
the American Bankers Association
which opens one week from tomorrow
in San Francisco, with Robert v.
Fleming presiding. Several Capital
financiers are already on the way,
having started at various times during
the last few days. The delegates are
already planning to pay highest
honors to President Fleming and are
looking forward with great interest
to a most varied and constructive pro-
gram.
Many of the bankers are being ac-
companied by their wives and will
meet financiers from all over the East
when they reach Chicago. At Chicago
they are to be entertained by Windy
City associates, golf being planned for
the men and style show at Marshall
Fields for the women. From Chicago
on, the party will be carried in several
special trains, the van being led by
President Fleming and Tom K.
Smith, who will be elevated to the
presidency on the final day of the
convention. Scenic and historic spots
galore are to be visited on the way
to the Coast and on the way back.
Delegates From Capital.
In addition to Mr.. Fleming, the
Capital delegation includes Edgar E.
Mountjoy, Washington representative
of the A. B. A; Karl w. Corby, presi-
dent, District Bankers Association;
George o. Vass. vice president and
cashier, Riggs National Bank; Ord
Preston, president, Union Trust Co.:
John A. Reilly, president, Second Ma
tional Bank; Lewis M. Denit, counsel,
National Bank of Washington;
Michael F. Calnan, president, Liberty
National Bank; Wilmer j. Waller,
vice president and cashier, Hamilton
National Bank; J. Frank Campbell,
president, Anacostia Bank; James A..
Messer, vice president, Columbia Ma
tional Bank; Arthur J. Linn, control
Ter. Hamilton National; Miss Cath
crime M. Krieg, secretary to Mr..
Fleming; Fred Mckee, vice president,
Security Savings 81 Commercial Bank;
Frederick p. H. Siddons. secretary,
w. r. HUFF, Washington Office, A. B.
A.; John K. Mckee, governor, Federal
Reserve System; Ronald Ransom,
governor, Federal Reserve System; F..
Gloyd Await, former deputy control
Ter of the currency; Stewart McDon-
aid, Federal housing administrator,
and other Government officials.
Bankers From Virginia.
Among other bankers planning to
attend from nearby States are Col. j.
s. Browns, president, Farmers Ma
tional Bank, Salem, Va; w. w. Hill
dreth, vice president, Peoples Ma
tional Bank, Charlottesville, Va;
Howard G. Martin. Merchants &
Planters Bank, Norfolk; j. j. Parker
aon, same bank, Norfolk; S. M. Plum
mer, president, First National Bank,
Newport News; Wilfred A. Roper,
president, Bank of Commerce & Trust,
Richmond; Alexander Ryland, vice
president, First & Merchants National
Bank, Richmond, and F. c. Wiley,
Farmers National, Salem, Va. Balti-
more banks are also sending large
delegation.
Rejecting enthusiasm over the pros
pective election of Tom K. Smith,
president, Poatman's National Bank.
st. Louis, to the association presi-
dency, that city is sending the largest
delegation to the annual gathering
since 1929, when John G. Lonsdale
was elected president. Mr.. Smith is
now first vice president and was elect
ed second vice president in 1884 in
recognition of his able service in
Washington as special assistant to
Secretary Morgenthau He is now
chairman Of the A. B. A. special COM
mittee on banking studies, which acts
IN legislative capacity. If the size
Of the attendance means anything, the
San Francisco convention will be one
Of the best in years.
Weekly Store Sales Slump.
The Department of Commerce re-
ported yesterday that department
store sales in Washington during the
last week receded 76 per cent from
their high gains in the previous week
and were 16 per cent lower than the
comparable week year ago, the drop
being accounted for a five-day week
this year against six-day week in
1885. Bank clearings declined % per
cent from the preceding weeks high
figures and 4.3 per cent from the cor
responding week last year.
Although the value of building per-
nnits was 1851 500 for last week, there
was q decrease Of "a per cent from
the previous week and so per cent
from the same week last year. Last
years figures included $1,000,000 for
the Acacia Life Insurance Building.
Tourist activities, however, were
greatly increased as . result Of the
Labor day week end, as evidenced by
103,119 visitors to the Smithsonian
Institution against 1880 in the pre-
vious week and 49,o15 in the same
week . year ago.
Baltimore business was ahead Of
Gne preVouS week, put otner uItn
district cities did not fare so well
because Of the holiday.
Heard In Financial District.
National Savings & Trust Co. stock
again sold at 100 on the Washing
ton Stock Exchange yesterday, when
Saturday Fall sessions were resumed.
Fifty-five shares Of Real Estate Mort
gage & Guaranty preferred moved at
5, same as the last previous sale.
Waggaman, Brawner & Co., dis
tributors of Incorporated Investors.
report declaration Of a 75-cent divi-
dend. This Is the fourth payment
during the present year, IS cents In
January, az per cent stock In April
and as cents In July.
I.