Evening star. [volume] (Washington, D.C.) 1854-1972, 1937-09-17


provision defining .
h divisions
scope as being to embrace all matters
of interest to State banks" the words
especially the upholding of the dual
banking system and State autonomy"
At the suggestion of President Tom
K. Smith, a copy of the divisions reso-
luton embodying the proposed amend
ment will be sent to all A. B. A. men,
bers, and will be one of the serious
questions to come for consideration
during the conclave.
Large District Delegation.
The association last met in Boston
IN 1918, previously to that in 1886.
Washington banks will send an I'M
usually large representation. To date
the delegation includes: Thomas j.
Groom, president District of Columbia
Bankers Association and executive
vice president, Bank of Commerce g.
Savings: Robert " Fleming, president,
Riggs National Bank, and former pres
ident, A. B. A; Frederick P. H. Sid
oOiASs oSSiSbu&yf <hliCA lldAl OCluilby O.
Trust Co.; Francis G. Addison, jr.,
president, Security Savings g. Com
mercial Bank; w. j. Waller, vice presi-
dent and cashier, Hamilton National
Bank, and member of the A. B. A.
Banking Studies Committee; Charles
H. Doing, first vice president, WASH
angton Loan & Trust Co., and local
vice president for the A. B. A.; S. Will
liam Miller, treasurer, Union Trust
Co.; James A. Messer, vice president,
Columbia National Bank; John A.
Reilly, president, Second National
Bank: Willard G.. Barker, president,
Morris Plan Bank; M. F. Calnan,
president, Liberty National Bank;
George O. Vass, vice president and
cashier, Riggs National Bank, and
member Executive Council of the A.
B. A.; Sidney F. Taliaferro, vice presi-
dent and trust officer, Riggs National
Bank, and member of the Committee
on Federal Legislation of the Trust
Division, A. B. A.; Miss Catherine M.
Krieg, secretary to Mr.. Fleming, presi-
dent of Riggs National; Gerald E.
keene, vice chairman of the auditors
section, District of Columbia Bankers
Association, and assistant cashier,
Second National Bank; Harry L.
Downey, chairman, auditors section,
District Bankers Association, and
auditor Washington Loan e. Trust Co.,
and H. Prescott Galley, president, Ma
tional Savings g. Trust Co.
ID. C. Banker Merits Honor.
Eliot H. Thomson, who was honored
by the Financial Advertisers Associa-
ton at the annual convention, has been
associated with the Washington Loan
e. Trust Co. for many years and has
always been deeply interested in adyer-
Using. Election to the advisory coun-
Gil was a reward for his work for the
national association, as he has attended
about every convention since the
organization was established.
Mr.. Thomson is former chairman
bf the Advertising Committee of the
District Bankers Association and is a
member of that committee this year.
His most outstanding efforts in behalf
bf the association have related to the
Christmas savings clubs which were
Established and managed by the Ad-
rertising Committee and have grown
steadily until Washington people now
set aside some SIS, 100000 or se 900 900
every year for use during the holiday
leason.
Mr.. Thomson has also drawn up
sood deal of other cooperative adver-
Using in the interest Of Washington
hanks.
Rail Revenues Holding Well.
Nineteen class railroads, represent
ing 67.9 per cent of total operating
revenues in the southern district, had
estimated operating revenues in August
Of s27,386,91, compared with s27, 3d.
586 in August. 1886, and S33, 1913, $50 in
August. 1880.
Freight revenues of those railroads
m August amounted to 500. 527 $40,
compared with S22,712,158 in August,
1896, and s25, 1852 in August, 1880.
Passenger revenues in August, 1887,
.otaled S2.83l,9el compared with
S2,7l2,153 in August. 1886, and s4,-
2l4,920 in August, 1880, "A per cent
above August, 1886, but 1878 per cent
below August, 1880.
Davis Death Shocks Friends.
The sudden death of Maj. Gen
Richmond P. Davis, U. S. A, retired,
who had been active in the financial
district for many years, was a distinct
shock to his host of friends. His
associates in the Office of Hartman e.
Keech paid him a high tribute today.
He was at the Office as recently as
last Saturday, stating that he did not
feel well and was going TO get medical
attention.
Gen. Davis was manager of the
Washington Office of Fenner e. Beane
for several years, when the Offices
were in the Willard Hotel and later
In other locations. He joined the
Hartman e. Keech staff about year
ago. He kept in very close touch with
stock and grain market conditions,
was rated very highly as a customers
man and back of that had an unusual
~ aAAAS faAl3g ACIOiQ. At Tic 4dob oil
nual election of the Washington
Ticker Club he was chosen secretary
and treasurer.
Heard in Financial District.
Potomac Electric Power So per
cent preferred stock figured in sew
sral l0-share sales on the Washing
ton Stock Exchange today, all made
at liz, unchanged from yesterdays
close. The new Washington Gas Light
preferred came out at 9834, up halt
point. Columbia Title Insurance re-
corded 25-share sale at Is.
The Treasury will not raise the
10000 limit on the purchase of baby
bonds in single year by an individual
officials state. The Treasury seek.
wide holding of these bonds rather
than large concentrations of them.
Washington bank clearings for thu
week ended Wednesday totaled S23,,
729,652.97, compared with S23,I59,.
ts4.9l in the corresponding week ,
year ago, an increase of more thar
$4,000. Compared with the previou
week this year clearings were up q
per cent