Evening star., 1938-06-20

boys, three of whom are living, One
brother, H. Prescott Galley, is presi-
dent of the National Savings g. Trust
Co.. and the other. Clarence G. Galley
Of California, is an authority on i'm
migration.
Mr.. Galley was educated in the pub
lie schools Of Washington and at an
early age entered the employ of the
Palais Royal, at that time at Twelfth
street and Pennsylvania avenue. the
present site Of the Raleigh Hotel.
Afterward he went to Woodward &
Lothrop. being put in charge of the
c. o. D. department.
His third employer was. and is, the
Lincoln, National Bank of which he
is now executive vice president and
member of the board of directors. hav-
ing joined the institution shortly be-
fore its opening day, March 25, 1890.
He has filled practically every position
In the bank; was elected cashier in
1905 and became vice president in
1922.
Dime Savings Bank Organizer,
Mr.. Galley was one of the organizers
OF the Dime Savings Bank. in August
1907, now the Bank of Commerce g.
Savings and has been on its board of
directors and Finance Committee
since its inception
On March s. 1893 he married Mabel
M. Hoee, also a Washingtonian, and
on their >45th wedding anniversary
they had with them at their home.
s4l Rittenhouse street, their two sons.
Howard A.. of Kenosha, Wis, and
Albert S.. jr.. and their daughter. Mrs.
Elrene G. Twigg, besides their six
randchildren.
Mr.. Galley has seen great changes
in the banking business methods,
equipment and personnel during his
~8 years with the Lincoln National.
as we'll as in the growth of the CITY
OF Washington. He can look back to
the days when the cars were horse
drawn and filled with straw in win
tertime to keep the feet Of passengers
from freezing
He is member of the Board of
Stewards of Emory Methodist Epis-
copal Church, to which Office he was
elected more than IS years ago.
Dollars and Sense Appears.
Dollars and Sense. published by
Washington Chapter, American Insti-
tute of Banking, appeared In the
financial district today. The June
issue. edited by A. E. Henze of w. B.
Hibbs d Co. is devoted wholly to
chapter activities which have been
running along in high gear in recent
weeks.
The magazine lists the new officers
OF the chapter and has an interview
with the new president Joseph R.
Fitzpatrick, of the Second National
Bank. Born in 1906, he is 80 years
old. and came here in 1916. after
spending 10 years in Portsmouth. Va
Starting in the Second National as
a runner in 1921. he was elected
assistant cashier just 10 years later.
That the publication is up to the
minute. is shown by the announce
n1ent that Roland T. Carr won sec
ond place In the recent public-speak-
ing contest at the institute national
convention. The other editors are
j. George Dagenais, Riggs, and Ken
meth Birgfeld, American Security &
Trust.
Bankers Laud Hanes' Address.
Banks and brokers in the financial
district today were praising the ad-
dress made before the Harvard School
Of Business Administration by Com
missioner John w. Hanes of the
Securities and Exchange Commission
in which he said that economic re-
eovery is the primary problem Of the
United States He asserted that re-
eovery "transcends all other issues
IN this Nation. including monopolies,
politics, programs, planning, reorgan-
ization, regulation and reform"
He said the way to restore economic
recovery and social stability in Amer
ica Is through genuine, determined,
tolerant co-opera ton" of labor, man. !
aeement, capital and government. He
added that the farmer must receive
his fair share of the national income:
the laborer his fair share and capital
also must be justly and adequately |
rewarded
d. C. Bankers Enter School.
Twelve Washington bankers entered |
the Graduate School of Banking at |
Rutgers University today for the first
over the country started two weeks of |
special advanced study. Several Capt.
tai bankers are also in the class of |
1S which graduates this year, the |
second commencement the school has |
had.
The District delegation in the enter
ing class includes Kenneth F. Brooks, |
Daniel J. Callahan, jr; Charles r.
Fadeley, Henry K. Dierkoph and John
M. Christie, Riggs National Bank; VIM
cent A. Sheehy, jr Washington Loan
& Trust Co.; Walton L. Sanderson,
Hamilton National Bank; John C. Bau-
mann. Charles T. Malone. Andrew W. |
Lee. Laurence H. Jones and Samuel r.
Carpenter. all connected with the |
Federal Reserve Board.
Heard in Financial District.
A. M. Nevius. vice president of the
Riggs National Bank, attended the |
graduation of his son John at Hill |
School. Potsdam, Pa. Saturday. The |
young man took several class honors.
j. r. MCMILLAN. assistant vice presi- |
dent Riggs National Bank, is on a
cruise to Nassau and Havana with the |
North Carolina Bankers Association.
William P Folger. chief national bank |
examiner, and George H. Keesee,
cashier OF the Federal Reserve Bank |
Of Richmond are attending the same |
convention.
Edward M. Blaiklock, Washington
Loan d Trust Co., and Francis e.
Robey. Bank Of Commerce q Savings,
were awarded national honors at the |
American Institute Of Banking con-
vention in Louisville. The former was |
made chairman of the National Pub
Iic}ty Committee and Mr.. Robey was
hnsde member of the Public Speaking |
Committee. |