Evening star., 1937-05-26


The sharp increase in attendance re-
fleets the great recovery strides made
in the past three years and the present
prosperity in the National Capital.
The business sessions will be held on
Thursday, Friday and Saturday fore
Moons. The convention, however, will
last for five days, including Sunday
and the Memorial day holiday on
Monday. Business and banking in the
Capital will be carefully reviewed and
the national economic situation will
also be accorded careful study.
Thomas j. Groom. acting president
Of the association since the death of
Karl w. Corby, will call the convention
to order and the opening session will
be made especially notable by the
presence Of Tom K. Smith, president
Of the American Bankers Association,
who will speak on THE Banking Out
look" Important committee, section
and other reports and meetings Of the
four divisions of the American Bank
ers' Association will absorb the re-
mainder Of the program.
..he second days program, Hilleary
G. Hoskinson presiding, calls for re-
port of the Auditors Section by Chair
man Millard S. Yeatman, an address
by W. T. Vandoren on THE Cor
porate Fiduciary," an address by Alex
ander Wall of the Robert Morris As
sociates, report by Paul J. Seltzer,
president Of Washington Chapter, A. I.
B.; reading of the winning essay by
Roland T. Carr and the presentation
Of resolutions.
Saturdays program, Ord Preston
presiding, will include flood of yearly
reports, special address on the busi-
ness situation by President William
Mcclellan of the Potomac Electric
Power Co., standing committee reports
and election of association officers for
next year. The entertainment fea-
lures are to be more elaborate than
usual, the family dinner to be the
conventions social climax The
bankers will return late Monday and
be at their desks Tuesday morning.
D. c. Insurance Sales Jump.
Life insurance sales in Washington
In April scored Is per cent gain over
the like period in 1886, according to
report received today from Hartford,
Conn, covering the whole United
States. The gain for the whole country
was is per cent.
washington agents wrote $7,571 900
IN new business In April, bringing the
total for the year to date to S27,499,-
900, also a gain of IS per cent. OF the
companies doing business here, 80 per
cent did more business than in April,
1886. Cleveland and Philadelphia
we're the only cities in the country
that did better than Washington.
Maryland had gain of % per cent
over last year, Virginia business was
up 9 per cent, West Virginia off 2 per
cent, North Carolina up per cent
and South Carolina II per cent ahead
Of last year in April.
Five Speakers on Program.
A delegation Of 13 persons will
represent Washington Chapter, Ameri-
can Institute of Banking, at the organ
ization's national convention to be
neld in st. Paul June Z to IL, as
follows:
William H. Laughlin, the Washing
ton Loan g. Trust Co.; Ralph Endi-
cott and Edward NJ Blaiklock, Wash
lngton Loan & Trust Co.; Paul j.
Selt7er, American Security g. Trust
c.. and Mrs. Seltzer; I. j. Roberts and
John M. Christie, Riggs National;
Joseph r. Fitzpatrick, Second Ma
1ional; George M. Rowzee, jr., and
George r. Gallagher, Lincoln National;
Elmer c. Flather, Union Trust Co.;
T. Hunton Leith, Security Savings &
Commercial, and ]. Earle McGeary,
W. B. Hibbs & Co.
Five speakers have been chosen from
Washington to talk at the business
sessions Of the convention, namely:
1. j. Roberts, Ralph Endicott, Paul j.
Seltzer, j. Earle McGeary and joseph
r. Fitzpatrick.
Wholesale Trade Advances.
Wholesale trade in five important
lines IN the fifth district in April
showed marked gains over April, 1886.
Grocery sales were 20 per cent higher,
dry goods per cent, shoes 81 per
cent, hardware 20 per cent and drugs
Is per cent.
For the first four months of the
year, the Reserve Bank Of Richmond
reports. grocery sales gained 3.3 per
cent, dry goods 91a per cent, shoes
81 per cent, hardware ~ per cent
and drugs II per cent. Collections
were good during the month of April.
grocery payments being the best,
119 per cent of the amounts due at
the beginning of the month. The
report covered Sc firms in this terri
tory.
Bond Clubs Books Closed"
Thomas c. Montgomery, president
OF the Washington Bond Club and vice
president Of Waggamann, Brawner &
Co., announced today that all Stock
Exchange tickets have been sold and
"the books closed" in connection with
the annual outing on Friday, June 1,
at the Manor Club. There will be an
attendance Of about 140 members and
guests. the guests this year being lin
tied to very few from out Of the
city. The outing will not have a
dull moment" the present busy pro-
gram indicates
Harry G. Meem, president of the
Washington Loan & Trust Co., is leav-
ing the city this evening for Norfolk,
Va, to attend as an invited guest the
launching tomorrow of the United
States destroyer to be christened with
the name Of his friend, the late Ad-
nliral James M. Helm.
James Trimble, vice president OF
the National Bank of Washington, was
back at his desk today from Montreal
N. c., where, as a commissioner. he
attended the General Assembly OF the
Presbyterian Church Of the United
States. Fifteen Southern States were
represented, the meeting being the