Evening star. [volume] (Washington, D.C.) 1854-1972, 1937-10-18

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faryland in law. Roh.r,son cr,swo,s
n 1907 he en-
cred the law department of United
Railways & Electric Co., Baltimore,
lter became a partner in several law
rms and in 1919 went Wit the bank
lg house of Alexander Brown Il Sons,
My a year later he took his present
osition
In the activities OF the American
7ankers' Association, Mr.. Gr;swold has
erved on the Executive Council, Com
'lerce and Marine Commission and
chairman of the Committee on Tax
ton. He has also been chairman of
ne Committee on Relations with the
ar of the Trust Division, and during
ne past year served as vice president
the division.
He has been member of the EX-
-xutive Council and vic president Of
ne Maryland State Bar Association,
nd is former president of the Johns
Iopkins Alumni Association and of the
Corporate Fiduciaries Association of
altimore City.
Mr.. Griswold was in military service
/ Mexico in 1916 and in the World
lar. 1918. He is ~ lieutenant
1vernor in the Society Of Colonial
lars in the State of Maryland and
lember board Of managers of the
.aryland Society of the Sons of the
evolution, belongs to the Maryland
tate Bar Association, Bar Association
Baltimore City and many clubs.
Bankers Return From Boston.
Thomas j. Groom, president Of the
District Bankers Association. and
) other Washington bankers were
ack at their desks today after attend
e the A. B. A. convention in Bos-
N. All were enthusiastic over the
e annual meeting and considered the
1pics discussed most instructive.
Bankers here today praised the work
the Resolutions Committee Of which
ebert V. Fleming was chairman. The
,mmittee had many difficult matters
handle, including the association S
1sition on branch banking. The asso-
alton took firm ground against
'anch banking beyond State lines and
1opted a position satisfactory to the
sate bankers and at the same time to
le national, savings and trust divi-
onS.
In covering business conditions dur
the past year, the committee found
Id reported substantial progress.
Lusk to Address Financiers.
Rufus S. Lusk prominent real es-
tie man. was to address the Fall
Getting of the District Bankers As
lciatpn at 4 O'Clock this afternoon
the board room of the American
,curity e. Trust Co. The program
lied for an address on the real
tate situation in Washington.
President Thomas J. Groom was to
-eside, the program having been ar
'nged by First Vice President Hill
airy G. Hoskinson. President Groom
1nounced that there would be re-
1rts by Francis G. Addison, jr., chair
an of the Committee, Oh Law and
egislation. by Chairman Lanier P.
cLachlen. on taxation, and by Fred
lex P. H Siddons, new chairman
the speakers unit.
The Boston convention was to be
unmarried by Robert V. Fleming
I'd special badges presented to the
ssociation's three section chairmen.
Sees Business Holding Up.
Although the stock market break is
aving its effect on business condi-
ons, business generally will hardly
arallel the blues OF the market,
enry H. Heimann, executive mana
er of the National Association of
redit Men, declares in his monthly
view of business received here today.
There can be no doubt that the
Jump will contribute to some further
lck of confidence and promotion of
autious policies" the credit executive
oints out. Certainly, business men
re not going to rush in with inven-
Dry buying when they now face some
1ventory losses in the latter half of
MS year.
But with a splendid farm income,
asst untitled needs in durable goods
mes, improved private debt situation,
arger wage envelope for the average
worker, plentiful supply of credit to
he worthy and deserving at attractive
'ates, business should give a satisfac-
DRY performance even though it must
nd probably will have to lower its
tights somewhat" he added.
Today's Trading on Exchange.
Mergenthaler Linotype featured a
1usy session Of the Washington Stock
Exchange today. There were eight
consecutive small lot sales, all at 81,
new low for the present year.
Lanston Monotype came out at 80,
Unchanged. Washington Gas pre-
erred was strong at 997s, while three
ales of Woodward & Lothrop common
appeared on the board at 59l2, also
Unchanged.
Heard in Financial District.
Russell G. Smith, newly elected
president of the National Bank Divi-
sion of the A. B. A., was in the city
today, the guest of E. E. Mountjoy.
He met many local bankers during the
day His home is in San Francisco.
Word reached the Washington Of
flee of G. MP. Murphy g. Co., New
York Stock Exchange firm, today of
the death of Col. GraySon Mp
Murphy, head of the brokerage house
He died from bronchial pneumonia
He had often visited the office here
and had met many brokers connected
with other houses in the Capital.
Puerto Rican Buying Jumps.
Dairy products from farms in con-
tinental United States have been gain
ing favor in the Puerto Rican diet al
the expense of the traditional rice ano
beans. according to a statement BY
the Puerto Rican Trade Council ir
Washington.
The American automobile industr!