Evening star., 1936-05-17
HOWARD ARDREY,
TITLE N EXPERT,
ONBANK PROGRAM
CraighiII Address on D. c.
Foreclosure Laws Also
Listed for Convention.
ANAC0STIA BANK ADDS
THREE NEW DIRECTORS
Retail Sales, Clearings and Build.
ing Permits Exceed Like
Period in 1885.
BY EDWARD c. STONE.

J. Howard Ardrey. deputy admins
TRAITOR Of the Federal Housing Admin
istration, who promulgated the rules
and regulations governing the opera
tion of loans under title II Of the Fed
eral housing act, will address the Dis
trict Bankers Association at the COM
ing convention at White Sulphur
Springs, it was announced yesterday
by Francis G. Addison, jr., chairman
of the Program Committee. He will
discuss Federal Housing Title II
Mortgage Loans
G. Bowdoin Craighill, member of the
law firm of McKenney. Flannery &
Craighill, an expert on foreclosure mat
ters, will also speak on Foreclosure
Procedure in the District of Colum-
bia," Chairman Addison stated. 1t is
expected that another speaker will be
o former member of the Federal Re
serve Board.
A review of the activities of WASH
ington Chapter, American Institute of
Banking, will be presented by j. Earl
McGeary of w. B. Hibbs g. Co., presi-
dent of the chapter during the past
year. This organization of the Junior
bankers is closely affiliated with the
District of Columbia Bankers Associa-
tion and is the training ground for fu-
ture bank officials.
Each year the association sponsors
an essay contest by chapter members
and offers as prizes free trip to the
annual convention for the writer's of
the three best papers. The winners
will read their papers at the second
days session, on the subject "Advan-
tages and Disadvantages of the Trend
Toward Amortized Loans"
In addition to these speakers, Al
bert E. Fisher. safe deposit custodian,
Riggs National Bank. and David Bor-
net. vice president, National Savings
e. Trust Co. will discuss the activities
of the associations safe deposit and
fiduciaries sections Reservations re-
ceived indicate a record attendance
at the convention, now only 10 days
OF.
' Bank Adds Three Directors.
Three new directors were added to
the annual meeting held during the
week. Elmer NJ Smith, Herbert c..
Woolley and Irving B. Yochelson.
Allen H Cannon was elected an as
sistant cashier.
Officers reelected for the coming
year include ]. F. Campbell, president;
w. L. Koontz. vice president and CASH
Ter: L. w. Thompson, vice president;
Carl c. Schmuck, assistant cashier,
sand w. w. Young, assistant cashier.
The directors reelected were j..
Frank Campbell, r. u Cooper, Frank
M Dent, Vincent Gould, George S.
King, w. L. Koontz, George S. Maier,
j. r. Pyles, Ernest ]. Read, George B.
Stevens, L. w. Thompson and Robert
Thompson.
President Campbell reported an ex-
cellent year. substantial increases in
loans and discounts, bonds and Sc
curitieS held and in cash reserves. He
called special attention to the fact
that there had been a S25O,OOo in
crease in deposits during the year.
Department store sales in Washing
ton during the past week were 172
per cent higher than in the cores
ponding week year ago. the Depart
rnent of Commerce reported yesterday
in the latest trade review. Sales were
down IL per cent from the previous
week
While bank clearings receded SIS
per cent from the previous week, they
were 30.6 per cent higher than in
the like week in 1885. The value of
building permits in the Capital con-
tinued to climb, scoring gain of 81
per cent over the previous week and
1913 per cent over the same week a
year ago. Tourist activities remained
on about the same basis as last year,
according to the number of visitors
going up the Washington Monument
The business tempo in the rest of
the fifth Federal Reserve district
continued we'll ahead of last year.
Richmond reported higher bank clear
ings, Norfolk good gain in retail
sales, Baltimore noted retail buying
for requirements and some advance
wholesale orders for next Fall.
Charleston, S. c.. reported April
building permits AZ per cent higher
o. than in 1885, also lively demand for
electrical appliances, refrigerators and
automobiles from beach resorts.
Heard in Financial District.
The Baltimore conference of the
National Association of Bank Auditors
and Controllers will be guests of the
Washington bank auditors at a spe-
cial dinner meeting on Thursday even
ing. to be held at the Hay-Adams
House, at $50. Immediately following
the dinner, DR.. E. E. Agger, associate
director of the Graduate School of
Banking of Rutgers University, will
address the group on Education in
Banking"
James E. Lemon, president of the
Washington Bond Club, said yester-
day that unusual interest is being
manifested in the annual outing of
the club, which is set for next Friday
afternoon and evening at the Burning
Tree Country Club. The demand for
Stock Exchange seats has been extra
good. There will be big turnout of
members, many of whom are planning
60 re ka re ha