Evening star., 1937-02-13

Mr.. Corby at "a I Akao
special meeting r,ou.s Groom.
held yesterday "'
afternoon at the Willard Hotel. Reso-
lutions were adopted praising his great
service to the community, the bankers
association, also lauding his sterling
character and exceptional philan-
thropy. The memorial touched on
many other phases of his all too snort
but brilliant career and voiced the
deep sorrow suffered by his associates
because of his untimely death.
The Resolutions Committee was
composed of Frederick P. H. Siddons,
American Security & Trust Co., chair
man; w. w. Spaid of w. B. Hibbs &
Co.; H. Prescott Galley, National
Savings g. Trust Co.; George o. Vass,
Riggs National Bank, and Lanier P.
McLachlen, McLachlen Banking Corp.
Prior to the special meeting, the
bankers held their weekly luncheon, at
which Vice President Groom an
nounced plans for the essay contest
sponsored by the association for the
members of Washington Chapter,
American Institute of Banking. The
committee consists of George o. VasS,
chairman; L. P. McLachlen and F. P.
H. Siddons. They will select the essay
subject and submit it to the chapter,
the writer's of the three leading
papers being given trips to the assocl-
atoms national convention, the best
essay to be read at the conclave,
Col. H. Murray Jacoby, an expert
economist, was special guest, talking
briefly on money rates and BOND
prices.
Banks May Absorb Charges.
washington members received de-
tailed information from the Rich
mond Reserve Bank today explain
ing the Federal Reserve Boards
amended regulations which allow the
banks to absorb check collection and
similar service charges.
A regulation was issued originally
requiring member banks to pass these
charges on to their customers effective
February /. Small banks, particu-
larly in the South, protested. They
said the ruling would place them at
q competitive disadvantage with non
member banks.
The effective date was postponed
to May /, and after conferences with
the Federal Deposit Insurance Corp.
the board amended the rule to permit
absorption of the charges.
It reserved the right, however, to
make administrative determination"
on whether they might be absorbed
In specific cases. This was taken
to mean that a bank might be pre-
vented from absorbing the charges II
it was using this absorption as
competitive weapon against other in
stitutions.
JelIeff on New Commission.
Frank R. Jelleff, Washington mer-
chant, has been appointed member
of the Platform Commission" of the
National Retail Dry Goods Associa-
ton by President David E. Moeser.
He has also been appointed to a
special Subcommittee on Merchandise
Standards. The new commission,
made up of 40 members, is to gather
information and devise methods for
carrying out the principles of the
proposed voluntary platform" ap-
proved at the association convention
in January.
The general principles include CD
the improvement of working condi-
tions, elimination of child labor, elirli-
nation of excessive hours of work, pay
ment of just wages; (2) maintenance
of proper relations with consumers
through the elimination of deception
in advertising and inaccurate label
ing; (3) continuation of the policy
of meeting with members and rep
resentatives Of vendors trade asso-
Citations to discuss mutual problems
with the purpose of furthering the
free and equitable flow Of distribu-
ton.
In seeking means toward the fulfill
ment of these principles the commits
sion will ascertain factually the con-
ditions as they exist, and their effect
upon the public interest and distribu-
ton generally, devise ways and means
u
abuses, and generally achieving the
objectives and purposes Of the plat
FORM"
Call Carl Directors Named.
Stockholders of Call Carl, Inc, at
the annual meeting, reelected all di-
rectors as follows: Chaplin B. Bauman,
Joseph A. Burkhart, James E. Smith,
Eliot H. Thomson, E. o. Carl, Fred
erick Carl, Herman F. Carl and Louis
g. Carl.
President Herman F. Carl reported
an increase in business over 1885
amounting to $4,000 with an aggre-
gate total Of $346,700. For the first
time since 1882 the company showed
q net profit of $500, in contrast with
q loss in 1885 of $1,000. There was
great increase in both repair orders
and service calls.
Storage Firm Names Officers.
Stockholders of the Fidelity Storage
Corp, at the annual meeting just held,
elected these directors: Philip P.
Campbell, H. H. Darneille, David B.
Karrick, James L. Karrick, jr., Eugene
B. Roberts, James Med. Shea, Charles
r. Wilson, Mark Winkler and w. C..
Woodward.
All the members of the new board
are continuing to hold Office from the
preceding year except Mr.. Shea Of the
Alonzo o. Bliss Properties, who was
elected to the board to take the place
Of Harry S. PLACER, who has retired to
look after his new interests in the
coal business.