Evening star., 1937-04-10

larger banks, under the leadership
of Arthur K. Schultz, assistant con-
troller of the Chase National Bank,
New York
Subjects which Mr.. Vandoren's
group will discuss are: Value of an
actuarial system in a small bank;
benefits derived from monthly reports
of operations, advisability of rotating
employees maintenance of a separate
general ledger for the trust depart
ment; in banks operating on cash
basis, procedure to be followed in
verifying daily collection of interest
in the note department, and fields
for further extension of banking
service.
Other bankers who will appear on
the program and assist Vandoren in
the debating of these subjects in
clude Harold E. zarker, controller,
Fulton National, Lancaster, Pa; K.
D. Montizambert, auditor, Mt. Vernon
Trust Co.. Mount Vernon, N. Y; R.
BaScom Broun, jr., cashier, First Ma
tional Bank of st. Marys, Leonard
town, Md; R. G. Whitton, assistant
cashier, First National Alexandria,
Va; Charles H Zimmerman, auditor,
Capital Bank & Trust Co., Harris
burg, Pa; c. W. Parker, auditor,
Planters National Bank g. Trust Co.,
Rocky Mount, N. c.; Willim B. Alex
. ander, treasurer, Colonial Trust Co.,
Baltimore, and Josephus Carr. cashier,
To
Chapter Nominates Delegates.
Washington Chapter, American In
stitute of Banking, has nominated
these members as delegates to the
national convention at st. Paul June
to IL:
Paul j. Seltzer, B. Bruce Frantz,
l.. T. Savage, Frank M. Perley James
c. Dulin, jr, American Security &
Trust Co.; John M. Harris, Anacostia
Bank; Francis E. Robey, Bank of
Commerce & Savings; William F.
Russ, City Bank; Robert H Lacey,
Margaret P. Hayden, Columbia Ma
tional; j. Earle McGreary, A. E.
Henze, Katherine McCalmont, w. B.
Hibbs g. Co.; Myrtle P. Lewis, Ger
trude A. Wick, Liberty National;
Aubrey c. Dooley, Robert A. Sisson,
Hamilton National; Richard A. Nor
ris, James A. Soper, George Gallaher,
Joseph Turner, George M. Rowzee, jr.,
Lincoln National; William C. Cox, jr.,
McLachlen Banking Corp; George B.
EarnshaW L, Harry Rider, Margaret
A. Berckmann, National Metropoli-
tan; G. Crawford Turnbull, Morris
Plan; Thomas j. Cronin, Munsey
Trust; John Trip, National Bank of
Washington; Douglas R. Smith, Ma
tional Savings & Trust Co.; Constance
F. Jones, John NJ Christie, Frank u.
Rodger, j. Stanley Wolfe, Frances E.
Nagel, Robert NJ Poole, I. j. Roberts,
Riggs National; Joseph R. Fitzpatrick,
Stuart S. Ogilvie, Second National; T.
Hunton Leith, j. o. Lehmann Sc
curity Savings & Commercial; G.. Ell
mer Flather, Union Trust; William
H. Laughlin, j. Kennedy Ireland, Ed
ward M. Blaiklock, Washington Loan
SS Trust; Robert c. Whitton, E. Wal
lace Schreiner and Alace H. Whitton,
First National, Alexandria.
Banks Keep up Housing Loans.
1t is learned in the financial dis
trlct that majority of the banks in
Washington will continue to make
loans for alterations and repairs
which were originally authorized un-
der the Federal Housing Act under
Title /. Although Title I expired on
ho, Il
cided to make more such loans in
dependently.
Loans for renovations have been an
important factor in business recovery
for many months. Each loan has
meant additional employment and
also the purchase of building and
other materials used in renovizing
work. Bankers believe that many
people in the city who have delayed
renovizing work are now in q posi-
ton to go ahead and improve their
property.
Such loans although limited to
$4,000 are beneficial both to the banks
and the borrowers. First steps along
this line were taken under guidance
of the District Bankers Association.
At present each bank is acting as it
sees fit. Some banks also are stress
ing their willingness to make loans
under Title II OF the housing act,
these loans covering much broader
building operations.
Heard in Financial District.
National Dairy Products, which has
two Washington units, reports steady
expansion in earnings, first quarter
business being about II per cent bet
ter than last year.
An increase of 1876 per cent in the
soiume, of new life insurance paid
for duting the first quarter of 1887
over that in the same period of 1896
WAS announced today by the New York
Life Insurance Co.
Spectacular advances are being
made by the chemical industry in
the Southern States, according to a
survey by officials of the American
Chemical Society, which holds its
nipety-third meeting at the University
OF North Carolina, April 12-15. Many
millions of dollars are now being
invested in new plants embracing
the chemical and allied industries, it
was reported.
The Reconstruction Finance Corp
collected about s6O,0O0,0OO more than
it disbursed during March, its monthly
report showed
Comptroller of the Currency J. F.
r. O'Connor has announced compile
ton Of the liquidation of rs receiver
ships during the month Of March
1897. This makes total of 62a
receiyerships finally closed or restored
TO solvency since the banking holi-
day Of March, 1888.