Evening star., 1937-04-23

president of two Capital banks, who
made TIE address of welcome. William
E. WesUnadn, Webster & Atlas National
Bank of Boston, responded to his well
come.
c. Raymond Pohl. assistant treas
urer, Union Trust Co., Baltimore, pre-
sided during the morning session, the
first speaker being Robert o. Bonnell,
president, Morris Plan Bank of Balti-
more, who discussed The Bankers
Problem" Ralph Endicott, assistant
treasurer, Washington Loan & Trust
Co., spoke on Educational Develop
ments in Bank Accounting and Audit
ing" John D. Hospelhorn, deputy
bank commissioner of Maryland, was
the last forenoon speaker his subject
being The Bank Commissioners
Problems"
At the 1890 luncheon the guest
speaker was T. R. McKeldin, a Bal
tmore attorney, widely known as both
a humorous and serious after dinner
speaker. James c. Torrey, Philadel-
phia, was to preside at the afternoon
session, the program calling for an
address by John Driscoll, Quaker City
c. P. A, on Comparative Costs and
Operating Efficiency; by James E.
Potts, Boston, on Branch Bank
Auditing and Control" and by John
A. Reid, also of Boston, on "Corelating
Trust ADULTS and Examinations. The
papers presented today were highly
technical in their subject matter.
Building, Loan Men Honored.
President Harold T. Donaldson of
the United States Building and Loan
League, has shoWered national honors
on score of leaders in the Washing
ton building and loan associations, as
follows:
Edward c. Baltz, secretary, Perpetual
Building Association, appointed vice
chairman of the committee on consti-
tutlonal revision, the aim being to
keep the associations needs and
problems up to date.
Edward A. Tripp, Metropolis Build
ing Association, member national COM
mittee on Federal bonds and insurance.
Robert E. Buckley, president, Ma
tional Permanent Building Association,
national membership committee.
F. j. Ehlers, Northern Liberty Build
ing Association, leagues committee on
public housing
c. Clinton James, Columbia Perma-
nent Building Association, leagues
committee on public housing.
Carl j. Bergmann, treasurer Wash
ington Permanent Building Associa-
ton, advisory committee on State
legislation.
Charles w. Schafer treasurer, ORR
entail Building Association, No. 6,
committee on compensation of man
egement and staff.
Horace Russell, general counsel for
the Home Loan Bank Board, appointed
member of the attorneys division of
the league.
l.. A. Kelly, office of controller of
the currency, member of the super
Vsors' division of the national organi-
cation.
Potomac Power Net Higher.
Filed with the Public Utilities Com
mission today, the March statement of
the Potomac Electric Power Co. re-
Vealed operating revenues of S1,214,-
2l2.ll, an increase of $46,23874 over
March, 1896. Operating revenue de-
auctions called for S712,34534, slightly
lower than year ago and leaving net
operating revenues of $5O1, ,866.77, a
gain of SAT. .442 40, or 1914 per cent.
Deductions to meet interest payments
required s86.503.51, against sos, 1902. SO
year ago, leaving net income for
March of S423,072O5 a gain of 1885
per cent, S59,44l.48, over the like
period in 1886.
Potomac Power also made a fine
Showing in the first quarter. Operat.
ing revenues of $3,745,587.27 we're
Sl63, 1861 higher than last year. On
Grating revenue deductions were s26,-
all'33 higher than in 1885,, leaving
net operating revenues of s1,595-
8o725, an increase of Sl37,275.28. or
9.4l per cent. After all other deduc-
lions, net income for the first quarter
amounted to 1883, ,742.83, an advance
over 1886 or s172, ,76484, or 14.57 per
cent.
Bankers Off to White Sulphur,
Headed by A. NJ McLachlen, gen.
eral chairman of the nineteenth an
nual convention of the District of
Columbia Bankers Association, the
ofhcers OF the association and chair
men OF various committees entrained
To-Day Tor White Sulphur Springs to
complete final arrangements for the
forthcoming session, which convenes
May n. Thomas j. Groom, acting
president, said early indications point
ed a record attendance.
In addition to Acting President
Groom and General Chairman Nc
Lachlen. the following committee
heads left here for the West Virginia
resort: Charles H. Doing, Washing
ton Loan & Trust Co.; T. Stanley Hol-
land, American Security g. Trust Co. ::
Hllleary G. Hoskinson, Riggs Ma
tional; Robert H. Lacey, Columbia
National; A. Scott Offutt, City Bank;
John A. Reilly, Second National; Sid
ney F. Taliaferro, Riggs National, and
winner j. Waller, Hamilton National.
Riordon Elected Director.
j. Allen Riordon, general manager
OF the Norfolk & Washington Steam
boat Co.. was elected a director at
yesterdays meeting of the board. He
has been with the steamboat company
36 years, starting as secretary to the
general manager. Later he was claim
agent and then auditor, being elected
to his present position in 1929. There
has been vacancy on the board since
the death of George L. Starkey.
Trading was heavy on the Washington
Stock Exchange today with prices
firm. Capital Transit stock moved at
1875, unchanged. Washington Gas
came out at 80A ex-dividend and
Mergenthaler appeared on the board
twice at At. Capital Traction SIS were
stronger today, selling at "a. Several
other bonds also CHANGED hands at