Evening star., 1938-11-21
Washington Bankers
Display Enthusiasm
Over Texas Farley
Building and Loan
Leaders Also Luud
Their Convention
BY EDWARD C. STONE.

ed the American Bankers Associa-
ton Convention at Houston, were
back at their desks today, enthu-
siastic over the meeting. Those who
attended the sessions included:
Francis G. Addison, jr.; M. F. Cal
nan, Charles H. Doing. Ralph En-
dicott, Robert v. Fleming, Thomas
j. Groom, Arthur J. Linn, Lanier P.
McLachlen, John A. Reilly, Fred
erick P. H. Siddons, George o. Vass
and Wilmer j. Waller.
D. J. Needham, general counsel of
the A. B. A.. also attended from
Washington, as did G. Edward Fore
man, a young man connected with
the Riggs National Bank who pre-
sented motion picture at one of
the customer relations clinics, show
ing all the stages through which a
check passes from the time it is
drawn until it is paid and Cancelled.
The Capital bankers declared to-
day the addresses were among the
best heard at any of the recent con-
ventions. 1t was brought out that
the banks all over the country have
an enormous amount of money
available for credit, that they are
anxious to make many more loans
than are requested and are adopt
ing many new methods to meet the
changed conditions in finance.
Business Gains Forecast
One of the most important reso-
lutions recorded the associations
opposition to branch banking across
State lines. This appears to settle
most controversial subject, bankers
said here today Among the reports
presented, one of the most interest
ing and optimistic came from the
Economic Policy Committee, which
declared that business has already
made long strides toward recovery
and that the outlook is bright that
these conditions will continue dur
ing the coming months. The tone
of other reports was much more
cheerful than year ago, bankers
said
Charles H. Doing, vice president
Of the Washington Loan & Trust
Co., and manager of the West End
Office. was appointed a member of
the Committee on National Legisla-
ton by the new president, Philip A.
Benson. Mr.. Doing is a former
president of the District Bankers
Association.
George o. Vass, vice president and
cashier of the Riggs National Bank
remains on the Executive Council
for another year. AS already noted,
Francis G. Addison, jr., Wilmar j.
Waller and other Washington bank
ers received honors during the con-
vention. The complete list of all
appointments will be printed shortly.
Building, Loan Leaders Home.
Many of the Capitals leading
building and loan association lead
ers were also back today from the
Chicago convention of the United
States Building and Loan League,
over which E. G. Baltz of this city
presided. Among the delegates were:
Mr.. Baltz. Carl j. Bergman, T.
Wilson Camp, Wilfred Blanz, M. H.
Prospect, Clarence F. Kefauver, c.
Clinton James, Edward McAleer,
Edward Jones, Rudolph Santelmann,
Robert E. Buckley, Carl Ellington,
Elmer j. Carlson, William Payne,
Edmund limerick, William thinner
man, Arthur G. Bishop, Vernon G.
Owen, Schuyler F. Symons, Chaplin
B. Bauman, Harold F. Scott and
R. L. Jones.
One of the leading speakers on
the Chicago program was Leo T.
Crowley, chairman of the Federal
Deposit Insurance Corp, who drew
very careful line of distinction be-
tween the business which building
and loan associations should handle
and business which he said belonged
to the banks.
The Chicago reports showed
highly favorable year in the build
ing and loan field partly because
of the tremendous increase in build
ing activity in the last II months,
according to members of the Wash
ington delegation. Predictions that
1899 will be good business year
were freely made at the convention.
Carl j. Bergman of this city has
another year to serve as an eXecu-
tive councilman of the national as
sociation, representing the building
and loan associations in this terri
tory. Mr.. Baltz, retiring president,
automatically goes onto the Execu-
tive Council. The years committee
appointments are yet to be made.
d. c. Insurance Sales Jump.
Sales of ordinary life insurance in
October in the District of Columbia
were only 2 per cent under october,
1887, 1t was reported from Hartford,
Conn, this noon. This was a sharp
turn for the better. october sales
in the District totaled $4,509,000
Sales in the whole country in Oc-
tober were off 13 per cent from the
same period a year ago. With the
exception of January, this was the
best monthly comparison this year.
In the first 10 months of 1888 the
national average was down 20 per
cent.
In the same period sales in the
National Capital showed a slump of
% per cent, although the very sub
stantial amount of SAT ,527 900 in
new life insurance was written
In the South Atlantic States as a
group sales were off 10 per cent in
October and 18 per cent in the 10
months. Life insurance sales in the
whole country in the first 10 months
OF this year totaled 81 1885, ,472 900.
Heard in Financial District.
More than $50 reservations have
been made for the American Insti-
tute of Banking Forum. tomorrow
night at the Willard Hotel when
the Rev. Edmund A. Walsh of
Georgetown University will speak
on Foreign Affairs" Chairman
Paul j. Seltzer said today. This
will be the largest forum meeting
ever held by Washington Chapter,
Mr.. Seltzer believes.
Washington Gas Light preferred
sold at los on the WASHINGTON, Stock