Evening star., 1936-06-14
CORby ANNOUNCES
COMMITTEE HEADS
FOR COMING YEAR
Five Former Presidents of
Bank Association Among
Chairmen.
CAPITAL TRADE GAINS;
CLEARINGS GO HIGHER
Banks Ready to Cash Veterans
Bonus Checks-More Divi-
dends Declared.
BY EDWARD C. STONE.

planning District Bankers ASSocia tlor
activities for the coming year, Kar
w. Corby, newly elected president
announced appointment yesterday o1
the chairmen of all standing and spe.
cial committees.
In office since June /, his prompt
selection of committee heads mean,
that a minimum of time is being
used for organization purposes anc
that all branches of the association
will be functioning at once.
The committees and the chairmer
named yesterday follow:
AdvertiSing-Eliot H. Thompson
publicity manager, Washington Loan
& Trust Co.
Auditing-E. Percival Wilson, Sec
retary. National Savings & Trust Co
Budget-Thomas j. Groom, vice
president and cashier, Bank of Com
merce and Savings.
Commercial Trade Activities-Nor-
man E. Towson. assistant treasurer
Washington Loan & Trust Co.
Credit Bureau-Hulbert T. Bisselle
assistant cashier, Riggs National
Bank
Government Regulations - Robert
v. Fleming, president, Riggs National
Bank
Insurance-Frank P. Harman, jr-
assistant vice president, Hamilton Ma
tional Bank.
Law and egislation-Francis G
Addison, jr., president, Security Saw
ings & Commercial Bank
Personnel. Frank White, vice
president and cashier, National Bank
of Washington.
Protective-S. William Miller, treas
urer. Union Trust Company.
Publicity-A. E. Henze, W. B. Hibbs
& Company.
Public Relations-Howard Moran,
vice president, American Security &
Trust Company.
Standardized Banking Forms -
James A. Soper, vice president and
cashier, Lincoln National Bank.
Taxation-Lanier P. McLachlen,
president, McLachen Banking Corp.
Treasury Relations-Frederick P.
H. Siddons, secretary, American Sc
curity & Trust Co.
Five of these men, MeSsrs. Addison,
Fleming, McLachlen, Moran and Sid
dons, are past presidents of the as
sociation. Two of the committees are
already working on a different assign
ment, in connection with safe keep
ing and cashing of soldiers bonus
certificates. These are the Treasury
Relations and Standardized Banking
Forms Committees.
Capital Trade Still Climbing.
Business in the Capital continues
90 take long forward strides, accord
ing to the review of the Department
of Commerce which state that depart
ment stores reported increased buy
ing of Summer apparel and furnish
ings during the week as a result of
rising temperatures. Sales increased
11.2 per cent over the previous week
and 11.8 per cent higher than in the
same 1885 week.
Bank clearingS were up 119 per
cent from the previous week and
topped the corresponding 1885 week
by 24.6 per cent, the best weekly
gain over last year in some time.
Building activities we're considerably
accelerated. with the value of build
ing permits climbing to S1,571 100
from s697, 1853 in the previous week
and $288,300 in the corresponding
week last year. The latest figures in
clude two apartment buildings and a
public school,
Cotton Week" observed by retail
merchants gave trade a boost in
other sections of the Fifth Reserve
District, notably in Charleston, S. C.
Good potato prices we're an important
factor and wholesale trade stepped
up along with the retail gains. Bal
timore reported especially trisk trade.
Automobile registrations have taken
q jump throughout the district
Directors of the Lincoln National
Bank have declared the semi annual
dividend of 212 per cent and also an
extra of IL per cent, it was an
nounced yesterday. This is the same
dividend action as was taken at the
beginning of the present year. Both
dividends are payable July l to stock
holders of record June 20.
The directors of the Real Estate
Mortgage & Guaranty Corp. have
declared dividend of 21a per cent
on the company's preferred stock,
payable June 80 to stock of record
June 20. AS the par value Of the
stock Is 10, the payment will be 25
cents a share.
Washington banks are ready to
take care of all veterans bonus checks
as fast as they are presented, with
out any charge, all details having
been worked out during the last week,
following President Roosevelts ap-
peal for cooperation. It was a
clearly expressed appeal that Presi-
dent Robert v. Fleming sent all men,
Der banks in the American Bankers
Association asking for a similar CO.
operation. The same response is an
ticipated.
Underwriters Plan Session.
Members of the District Life Un-
derwriters' Association have a novel |
idea. They are to hold E. night meet
ing at the Willard on June "a. OFF, |
GERS will be installed for the coming |
year and o. Sam Cummings of Dali
las, Texas, will be the guest speaker.
The new officers include Laurance
H. Riggles, president; Dwight T.
Scott. first vice president; Winthrop
@. Batchelder, second vice president;
Richard W. Griswold, treasurer, and
Loren L. Cluster, secretary. Tribute
will be paid the retiring president,
'. z McCombs.