Evening star., 1937-05-29
CROOMPRES|DENT
OF D. c. BANKERS
Session at White Sulphur
Springs Re-eIeCts Galley
and Larson.
BY EDWARD c. STONE,

WHITE SULPHUR SPRINGS, w.
president and cashier OF the Bank
of Commerce & Savings, was elevated
to the presidency of the District of
Columbia Bankers Association at the
closing business session of the nine
teenth annual convention here today.
He has been acting head of the asso-
citation since the death of Karl w.
Corby.
The new president, advanced from
first vice president, has done great
deal OF work for the association. bot n
as an officer and as chairman Of vari-
Gus committees He has been pron-
inent in Washington banking circles
for several years.
Hilleary G. Hoskinson, a vice presi-
dent of the Riggs National Bank, was
advanced from second to first vice
president OF the association, and Ord
Preston, president of the Union Trust
Co., was elected second vice president.
A. NJ McLachlen, an officer in the
McLachlen Banking Corp, was elected
third vice president. He was general
chairman of the convention, a8d to-
days election means that he will be
president of the association four years
| hence. according to the organization S
accepted policy of advancement.
Galley and Larson Honored.
Albert S. Galley. executive vice
| president of the Lincoln Nationa.
Bank, was reelected treasurer of the
association. and Donald w. Larson
was again made secretary. Frank j
Hogan will continue as general counsel
Preston presided at today's session
the program including many impor.
tant reports and an address by Viii.
liam Mcclellan, president Of the Po.
tomac Electric Power Co., on Hoping
and Trusting" in which he discussed
national economic conditions.
The report of the Safe Deposit Sec.
ton, Mrs. Helen R. Sharpe. Bank O
Commerce g. Savings, acting chair
man, was presented. Chairman Francis
G. Addison, jr., president of the Sc
curity Savings g. Commercial Bank
reported for the Law and Legislation
Committee.
Other reports reviewed the work o
the Advertising Committee, Eliot H
Thomson, Washington Loan g. Trus
Co., chairman; auditing, E. Perciva
Wilson. National Savings & Trust Co
chairman; Credit Bureau, Hubert I
Bisseille, Riggs National, chairman
insurance, Frank P. Harmon, jr
Hamilton National. chairman: pro
tective, S. William Miller, Union Trus
Co., chairman: publicity, A. E. Henze
W. B. Hibbs &, Co., chairman; stand
ardized banking forms, James A
Soper, chairman; taxation. L. P. Nc
Lachlen, McLachlen Banking Corp
chairman, and Treasury relations
Frederick P. H. Siddons. American Sc,
curity g. Trust Co., chairman.
Mariner S. Eccles, chairman of tn
Board of Governors of the Fedora
Reserve System, spoke briefly H
has been a special association CUES
during the conclave.
Charles H. Doing. vice presiden
for the District of the America,
Bankers Association, presided at
meeting for the election of officer
to represent Washington in that or
ganization during the coming year.
Trust Advertising.
i w. T. Vandoren, Liberty Nations
Bank Official reported that banks a
over the country increased trust ad
vertising extensively during the las
year. to the great advantage of bot
, banks and the public. much OF tn
material used being educational.
The speaker touched upon the dit
ferences between the District Ba
, | Association and the trust depart
. ments of the banks over. the legs
, rights Of each group in handlin
trust matters and predicted that thi
controversy will be satisfactorily ad
justed. Such adjustments have bee
reached in many other cities, he de
|, clared.
In an address yesterday, Alexande
Wall Of the Robert Morris Associate
expressed the belief that the deman
for commercial loans from banks
sure to come back-in fact, is alread
on the increase.
One of the vital points in his ad
dress related to the time Of year ths
big corporations should make the
annual reports. He declared depart
ment store statements should not +
made at the height of the Christina
season, when inventories are extr
, low and cash on hand at the highe!