Evening star., 1937-01-28
LOSSES IN BANK
/ CRIMES REDUCED
+. B. |. Praised for Drive,
/ Decrease Brings Lower
Insurance Rates.
nv EDWARD r. STONE.
BY EDWARD C. STONE.

Better times have brought ire
n1endous decrease in losses by banks
due to crimes, Sidney M. Price, Mas
sachusettS banker, told the Eastern
Regional Banking Conference at the
opening of a two-day session at Pitts
burgh today, according to dispatches.
Representatives from 18 States and
the District of Columbia were present
the opening session.
Mr. Price lauded the Federal Bu-
reau of Investigation for rare success
In experimenting criminals, reviewed
the past 13 years work by the Ameri-
can Bankers Association along this
line and declared that the drop in
crime is being reflected in statistics
of bank insurance. Decreases in losses
are bringing decreases in premium
charges, he asserted.
Another forenoon speaker was S. H.
Squire, superintendent of banks in
Ohio. who said that overchartering of
banks paved the way for the banking
debacle of the Spring of 1885," adding
that 80 per cent of the State bank
commissioners dre opposed to increas-
ing to any extent the number of banks
In the United States. He told the
f1nanciers gathered at the William
Penn Hotel that most of our States
are now ''overbanked
He insisted that new bank should
not be chartered without an exhaus-
tive survey covering need for the in
stitution, capital structure, compe-
tence of management, financial stand
ing of incorporators and reasonable
prospects for profits and growth in
the territory served. The speaker
urged closer cooperation between
State and national supervisory au-
thorities. especially with the controller
post Insurance Corp.
Arthur j. Linn of Washington will
appear on the program later. Sew
eral hundred bankers are in attend
ance. today's dispatches stated.
Brown Again Credit President.
At the annual meeting of the Wash
sngton Association of Credit Men,
Earl A. Brown, an official of Thomp-
sons Dairy, was reelected by unani-
mous vote to the presidency of the
Washington Association Of Credit
Men for second term, for the year
1897. Stuart S. Ogilvie, assistant
cashier of the Second National Bank,
also was unanimously reelected to
second term as vice president. Mr..
Brown and Mr.. Ogilvie have both been
very active in the affairs of the aSso-
Jaf rAV 1T,
reelection was particular tribute
for the accomplishments under their
direction in 1886
The following were reelected to the
Board of Directors: R. M. Harper of
Smoot Sand & Gravel Corp, w. R.
Little, Evening Star Newspaper Co.;
C. H. Markward, Pittsburgh Plate
Glass Co. Albert r. Glass, Crane Co.,
was elected a new member of the
board. Other directors, whose terms
have not expired, are ]. A. Bossle,
American Oil Co.; E. E. Downham,
West Brothers Brick Co.; Humphrey
Lloyd, Wardman Park Hotel and the
Carlton Hotel. and Joseph Reichgut,
Maloney Concrete Co.
The directors reelected j. H Par
ker secretary-treasurer. According to
Mr.. Parker'S report, there was SUBJ
stantial net increase In association
membership during the year and
greater activity in the exchange of in
formation between members. Plans
were outlined for number of addi-
tional committees for the coming
year, all tending to cover a broader
field of activity of value to the men,
berShip.
Two New Directors Elected.
At the annual meeting of stock
Holders of the Lincoln Service Corp,
Hndustrial bankers, Washington, held
yesterday. the following directors were
,re-elected Ellsworth c. Alvord, Rear
admiral Mark L. Bristol, William j.
Byrne, Francis J. Crilley, William S.
CulbertSon, John F. Davies, Charles
Delmar, H. Rozier Dulany, jr.; Capt.
John P. Jackson, L. E. Pope, Frank 3.
Severance and Durand w. Springer.
Two new members of the board were
also elected, James H. Lemon and
Walter R. Tuckerman.
The following officers were reelected
for the ensuing year: Charles Delmar,
president; Francis ]. Crilley, vice pres
ident and secretary; L. E. Pope, vice
president; Durand w. Springer, treas |
ilrer; Oscar c. Mitchell, assistant Sec
retary and assistant treasurer.
The president reported an increase
of so per cent in volume of loans for |
the year 1886 over the year 1885. Dur |
ing the past year four new offices were !
opened in Maryland and Pennsylvania. |
The corporation is contemplating !
opening several new offices this year |
In Pennsylvania and Virginia.
Ourisman on Bank Directorate.
President Francis G. Addison. jr., |
announced today that Benjamin |
Ourisman had been elected a men,
ber of the Board of Directors of the |
Security Savings & Commercial Bank. |
Mr. Ourisman is a native of WASH |
ington, has been in the automobile |
business since 1917, and is president |
of the Ourisman Chevrolet Sales Co. |
He is also president of the Jewish |
Community Center, member of the |
Washington Board of Trade, Mer- |
chants g. Manufacturers Association, |
Automotive Trade Association, Wood |
mont Country Club. member of the |
board Of directors Community Chest |
and is a Mason, Shriner and Elk.
Adding Contest Proves Lively.
More than 80 contestants repre- |
eenting nine banks took part in the |
adding machine contest conducted by |
Washington Chapter, American In |
stitute of Banking, last night in the |
chapter rooms. After most exciting |
competition, the winners were an
nounced: First place, William M. Of |
futt. Washington Loan & Trust Co.; |
second. Charles M. Penn, Washington |
Loan & Trust; third, John Warner,
Union Trust Co., and fourth, Smith |