Evening star., 1939-06-27

as bookkeeper. He is a graduate
OF George Washington University
Law School, member of the Dis
trict of Columbian bar and a ma
tive of the Capital.
Harold A. Kirtz, an assistant
trust officer at the National Metro
politan Bank, was named vice chair
man and Henry K. Dierkoph, an
assistant trust officer of the Riggs
National, was chosen secretary.
Two new members of the execu-
tive council were elected, J. Wes-
ley Clampitt, jr., of the Union Trust
Co.. and Aubrey o. Dooley of the
Hamilton National. The other men,
bers of the council are the Sec
ton officers.
Robey Names Chapter Aides.
Francis E. Robey, Bank of Com
merce & Savings, president of
Washington Chapter, American In
stitute of Banking, has appointed
the following members of the chap
ter to serve as chairmen of the
various committees which will han
die the administrative and social
work during the coming year:
A. M. McLachlen, McLachlen
Banking Corp, chairman, Advisory
Committee; John Wilson, Morris
Plan Bank, chairman, Archives
Committee; George Galleher, Lin
coin National, chairman. Athletics
Committee; Fred A. Daum, Security
Savings & Commercial Bank, chair
man, Audit Committee; Walton L..
Sanderson, Hamilton National,
chairman, Banquet Committee; A.
E. Henze, w. B. Hibbs & Co., edi-
tor. Dollars and Sense; Edward
Blaiklock, Washington Loan &
Trust Co., chairman, Educational
Committee; Herbert Lawson, Wash
tngton Loan g. Trust Co., chair
man, Entertainment Committee;
Joseph R. Fitzpatrick, Second Ma
tional chairman, Essay Committee;
Aubrey O. Dooley, Hamilton Ma
tlonal. chairman, Finance Commit
tee, Richard Johnson, National
Savings & Trust Co., chairman,
Forum Committee; Frank Gibbons,
Riggs National, chairman. House
Committee; John NJ Christie, Riggs
National, chairman, Membership
Committee; j. Earle McGeary, w.
B. HlbbS & Co., chairman, Pro-
gram Committee; Frank M. Per-
ley, American Security g. Trust Co.,
chairman, Public Affairs Commit
tee; Richard A. Norris, Lincoln Ma
tional, chairman, Public Education
Committee; Stephen Porter, Riggs
National, chairman, Public Speak
ing Committee; Paul j. Seltzer,
American Security & Trust Co.,
chairman. Publicity Committee, and
Mrs. Margaret Fischer, Hamilton
National, chairman, Women's Com
mittee.
Closing Possible Next Year.
Closing OF Washington banks in
July and August may happen next
year, in the opinion of many Cap
ital bankers. The plan has already
proved successful in New Jersey and
will be tried extensively in New York
this summer. The idea is gaining
favor in many big cities, reports
state
Many bankers here are favorable
to 1t on account of the wage-hour
law. The shorter hours would pre-
vent lot of overtime. Bank officers
comment that comparatively few
Government pay days come on Sat-
urday: closing of big New York cor
respondent banks presents a new
situation, while Congress probably
would grant such request the
same as the New York State Legis-
lature did.
1t is, OF course, too late for any
steps toward closing on Saturdays
to be started this summer. Later,
however, the matter might be taken
up by the Washington Clearing
House Association, or by the District
Bankers Association. While pos
sible action here has been talked
over freely, no official moves have
been made. Results in New York
City will be followed very closely
during the two summer months.
Freeman Is Bankers Speaker.
The Right Rev. James E. Free
man, Episcopal Bishop of Washing
ton, will be the commencement
speaker before the 1899 class at the
Graduate School of Banking at
Rutgers Friday night when 172
bankers will get their diplomas, it
was announced here today. Bishop
Freeman is known among bankers
for the fine address which he made
at the National Convention of the
American Bankers Association last
fall at Houston, when he spoke on
Spiritual Values in American
Life
The 1889 class will include three
graduates from Washington: Daniel
j. Callahan, jr., Riggs National
Bank; Vincent A. Sheehy, jr., WASH
ington Loan & Trust Co., and Lau-
renee H. Jones, who is connected
with the Board of Governors of the
Federal Reserve System.
Loan League Leaders Meet.
Members of the District of Co.
lumbia Building and Loan League
held their June meeting at the
Raleigh Hotel this noon, the last
session until August, the July meet
ing taking the form of big outing.
Edward c. Baltz, chairman of the.
Outing Committee, has appointed
as his assistants Carl j. Bergman.
Chaplin B. Bauman, c. Gay Har-
rell and r. E. Hotze.
Minority members of the House
Banking and Currency Committee
have filed report charging that
the purpose of the amendments to
the Home Loan Bank Act is to "set
up Nationwide branch banking
system" adding that the bill would
make Federal savings and loan
associations savings banks" but
without the restrictions and pro-
lection that these institutions must
now have under banking law THE
bill puts these associations into
competition with savings banks. CO.
operative banks, mutual savings
banks, State-chartered associations
and other thrift institutions" the