Evening star., 1937-01-25
BANKERS TO STUDY
TRUST PROBLEMS
Noted Speakers Announced
for 18th Session, to Be
Held in New York.
BY EDWARD c. STONE.

L
Association, to be held in New York
February 9, 10 and IL. The speakers
as announced by Blaine B. Coles,
head of the division, include several
nationally known financiers.
Tom K. Smith, president of the
A. B. A., will speak on "The Outlook
for American Trust Business" Presi-
dent Coles will discuss TRUSTS, Life
Insurance and Security" Another
speaker will be Theodore M. Richie,
president of the National Association
of Life Underwriters, on the subject,
"The Public's Interest in Trust
Service
Gilbert T. Stephenson, an expert on
trusts, will talk on Trust Business
Problems" and Robertson GriSwold,
vice president of the Maryland Trust
Co, will preside at one session. An
important address will be given on
1.-The Changing Status of Railroad
Bonds" by Fairman r. Dick, chair
man of the Committee on Railroad
Securities. Investment Bankers ASso-
citation. The Harvard Law School will
furnish a speaker in the appearance
of F. w. Scott.
James C. Shelor, Atlanta, Ga, has
the topic, with several others. What
Is Being Done to Put Trust Business
on a Paying Basis" Charles A. My
lander, Boston, chairman of the
A. B. AS Taxation Committee, VIII
appear on the program, taking up
"Present Trends in the Taxation OF
Estates" Several economists also are
to be heard.
New General Agent Named.
The Kansas City Life Insurance Co:
has announced the appointment OF
HF. Gemme as general agent for the
District of Columbia and adjacent ter
ritory.
Mr.. Gemme has been with the COM
pany for II years. during that time an
outstanding individual producer. For
many years he has been the leadlng
producer for the company east of the
Mississippi River and during 1886 his
personal production was in excess OF
one million. In that year he leo the
entire company in individual produc-
tion both written and actually issued
business.
The annual report of the Kansas
City Life Insurance Co. indicates some
substantial gains. Its insurance IN
force at the end of 1886 was $435,-
702 900, as against $685. 900, 600 at the
end of 1885. Its total resources re-
ported at the end of 1886 are SlOl,-
63608s. The company paid out to
its policy holders and benehclarles
during 1886 total of S3,l65,l17, as
against s6,s53,645 during 1885.
Brokerage Firm Keeps Name.
Business of Stein Bros. g. Boyce
~ill be carried on under the same
name by the surviving partners, IN
accordance with arrangements pre-
yio,,slv made, it has been announced
following the death of Julian S. stein.
Surviving partners include c. Provost
Boyce, Henry C. Evans, William l.
Childs. William S. Wilson, c. Newton
Kidd. Milton S. frost, Loring A,
Cover. ir.: Fitzhugh J. Dodson and
Robert S. Lansburgh.
The firm has maintained a WaSn-
ington Office in the woodward BHlo-
ing for several years The heao once
is in Baltimore and the company also
has a New York office.
Bankers at Baltimore Dinner.
An unusually large delegation OF
washington financiers attended the
annual banquet of Baltimore Chapter
American Institute of Banking, SAT-
urday evening. Among those from
the Capital were:
L I. Chorpenning. chief national
hank examiner for the fifth Reserve
district. Lawrence Clayton, assistant
to governor of Federal Reserve Board
Joshua Evans, jr, Hamilton National
Joseph R. Fitzpatrick, Second Ma
tional: G. Elmer Flather, Union trust
Co.; Albert c. Galley, Lincoln Ma
tional; R. Earle Haycock, Riggs Ma
tional: William H. Laughlin, WASH
inpton Loan g. Trust Co.; Katherine
McCalmont, j. Earle McGeary, w. 3.
tIibbs e. Co.; John K. Mckee, gov
ernor. Federal Reserve Board; Helen
C. Oehman, Frank M. Perley, Ameri-
ran Security g. Trust Co.; I. J. ROD
erts, Riggs National; Walton L.
Sanderson, R. A. Sisson, Haml!toh
national: E. Wallace Schreiner, Alex
andria: Paul j. Seltzer, American
security & Trust Co.; George >.
sloan. Federal Reserve Board; Wilmer
= waller. Hamilton National, ana
Robert G. Whitton, First National
Alexandria s
There we're TOO at the dinner ana
the program was highly enjoyed py
the washington contingent.
Ranks to Assist Red Cross.
Thomas ]. Groom, vice president OF
+be District Bankers Association anu
vice nresident of the Bank OF Com
,oerce e. Savings, announced To-Day
that the banks in Washington nave
complied with request from the Ma
tional Red Cross Society and Will re-
ceive subscriptions and FUNDS lneenoeo
for the stricken food areas OF the MID
die West.
practically all the banks had ar
ranged to receive such subscriptions
This forenoon and the others were pre-
naring to cooperate in the same man
ner Some of the banks had ALREADY
revived subscriptions to the relleI
funds. The citys financial institutions
will follow the same procedure as they
adopted at the time of the floods last
Spring. -
Mr.. Groom reported that the bank
ers of the Capital had shown desire
to assist in every way possible In
handling the relief and hope to be
able to turn over substantial sums as
a result of the Red Cross national ap-
peal for nelp.
Heard In Financial District.
Thomas c. Montgomery, president
of the Bond Club of Washington,
said today that more than 40 mem
bers of the club and 80 bankers have
already asked for reservations for the
Midwinter dinner at the MayfioWer
Thursday evening. He looks for many
more reservations before 1.-THE books
close"
D.,t,, ,,,arooa co1oc of CrOcprv chain