Evening star., 1938-02-09
PARSONS SELECTED
NEW CREDIT CHIEF
West Virginia Executive Is
Chosen at Columbia Con-
ference Here.
By EDWARD c. STONE.

At the concluding session OF the
Columbia Regional Conference Of
Credit Bureau Executives at the May
flower Hotel these officers were elected
for 1898: George r. Parsons. Fair
mont, w. Va president; N. D. Bartle,
Syracuse. N. Y, vice president; William
Bush, Greensburg, Pa, secretary-treas-
urer.
The following were elected directors:
John K. Althaus, Washington, D. c.;
A. B. Buckeridge, New York City:
Frank Cline, Salisbury, Md: c. Guy
Ferguson, Pittsburgh: D. H. Penn,
Danville, Va, and Paul Echeverria.
MorristoWn, N. j.
The meetings yesterday were fea-
tured by an address by DR.. N. H. Engle
of the Bureau of Foreign and Domestic
Commerce on the subject Activity in
Connection With Shortening OF Credit
Terms" The speaker at the lunch
con was Frank T. Caldwell of st.
Louis. secretary and general manager
of the Associated Credit Bureaus of
America.
Mr.. Parsons, the new president, has
been very active in the regional con-
ference work. The convention is the
most important of the year held in
this territory.
Mckee Notes I'D Birthday.
H. H. Mckee. president of the Ma
tional Capital Bank and also of the
East Washington Savings Bank.
reached his 73d birthday anniversary
today. Somehow the news got noised
about among his close personal friends
in the financial district and he re-
ceived a host of congratulations by
letter and phone and many flowers.
Mr.. Mckee has been head Of the
National Capital Bank for 81 years.
having been elected to the Office on
January IL, 1917. A trustee in the
East Washington Savings Bank, he
assumed the presidency on the death
Of John c. Yost three years ago.
He has been a leader in the District
Bankers Association longer than the
average banker can recall, has ad-
dressed a host of conventions and
served on many of the most important
committees.
In his younger days he was very
important figure in the American
Bankers Association and often ap-
peared on the programs at national
conventions. Rated as one of the best
Informed bankers in the Capital, he
is frequently consulted whenever per-
picking banking problems arise. Only
the other day he was reelected chair
man of the Washington Clearing
House Association for another term.
Convention Officers Meet.
Thomas j. Groom. president of the
District Bankers Association, will en-
tertain the other association officers
and committee chairmen who are ar
ranging for the annual convention, at
his residence at the Westchester this
evening The meeting is to perfect plans
for the Hot Springs meeting. T. STAN
ley Holland being the general chair
man.
The Friday luncheon of members Of
the District Bankers Association at
the Willard Hotel will be devoted to
consideration Of the Federal Housing
Act as amended. Francis G. Addison,
jr., president of the Security Savings
& Commercial Bank. who has given
the matter special study, will lead the
discussion.
The Publicity Committee of the
District Bankers Association met to-
day with Chairman Sidney F. Talia-
ferro at the Riggs National Bank to
make plans in connection with news
matter for the June convention at Hot
Springs.
Business Outlook Viewed.
While business conditions in Mary
land and Virginia in the first half of
1888 are unlikely to equal the first
half Of 1887, yet the results are ex-
pected to exceed the three-year aver
age by q good margin, according to a
survey just completed by the Brook
mire Economic Service.
The forecast estimates that con-
sumer income in Maryland in the first
six months of 1888 should be per
cent better than the three-year aver
age, although perhaps per cent under
last year in the same period.
Business in Virginia. based on con-
surner income, is given a forecast of
6 per cent better than the three-year
average, but per cent under the
1887 mark
The review states that the 1887
fourth quarter reports showed bank
debts in Maryland were 20 per cent
better than in the previous year, life
insurance was up 8 per cent, electric
production 20 per cent, building 80
per cent, pay rolls per cent, auto reg
1stratlons of Is, farm income up 13,
gasoline consumption up 3. and a IA
per cent drop in the number of
failures.
Compared with the fourth quarter of
1896, Virginia reported drop of l
per cent in bank debts, 4 per cent in
life insurance, l per cent in electric
production. but gain of 80 per cent
IN building, per cent in pay rolls, a
drop Of 13 per cent in auto registra-
tions, gain Of per cent in farm in
come. A drop of per cent in gasoline
consumption was reported and a high
er number OF business failures.
Office Help Demand Rising.
Business demand for new Office and
clerical help has turned upward in
many localities since January /, after
dropping precipitously all over the
country during the last two months of
1887. according to survey Of business
college employment departments in
IS large and small cities.
The survey, conducted by North
western National Life Insurance Co..
indicated that the total volume of new
clerical jobs available in January,
1888, was much lower than in Janu-
ary Of 1887, however. and considerably
under the employment demand of last
autumn.
Washington reported that oflice EN-.
ployment demand here Is equal to that
OF year ago and is on the increase,
with calls coming chiefly from life in
surance and real estate firms, hotels,