Evening star., 1939-02-13

the Washington Board of Trade, the
Masonic order and several other
organizations. Since serving as head
of the District Bankers Association,
he has continued as chairman or
member of important committees.
His associates in the clearing
house include H. H. Mckee, presi-
dent of the National Capital Bank;
Frank J. Stryker, president. Co.
lumbia National; Floyd E. Davis,
president, Lincoln National; Robert
v. Fleming, president, Riggs Ma
tional, and c. F. Jacobsen, recently
elected president Of the National
Metropolitan.
Bankers Back From Richmond.
Washington bankers attending
the annual banquet of Richmond
Chapter, American Institute of
Banking, back in the financial dis
trict today, were enthusiastic over
their visit to the Virginia Capital
The delegation included Edward
M. Blaiklock, Washington Loan &
Trust Co.; John M. Christie, Riggs
National; Leona E. Draeger, Wash
ington Loan & Trust; George Gale
her, Lincoln National; Francis E..
Robey, Bank of Commerce e. Saw
ings; George Rowsee, jr., Lincoln
National; Miss Rose Royce, WASH
ington Loan & Trust; Walton l..
Sanderson, Hamilton National; Paul
j. Seltzer, American Security g.
Trust, and Mrs. Seltzer; G. Craw-
ford Turnbull and Ferdinand E.
Walter, Morris Plan Bank; Neale
Wells, National Savings & Trust,
and Willard G. Barker, Morris Plan
Bank.
Among the honor guests were
Gov. James A. Price, Milton r. Nor
gan, Virginia's commissioner of
banking; Hugh Leach, president,
Federal Reserve Bank of Richmond.
and the presidents of the Virginia
Capitals leading banks. Thomas H.
Blanton, second vice president, rep
resented the Virginia Bankers AS
sociation.
Wins High Insurance Honors.
Warren Sanford Stone of the
Washington Office of the New York
Life Insurance Co. led the Atlantic
department, consisting of Eastern
Pennsylvania, New Jersey, Delaware,
Maryland and the District of Co.
lumbia, in the amount of new in
surance written in January, Agency
Director Earl D. Krewson announced
today. Member of the American
College of Life Underwriters, Grad
uate and treasurer of the Princeton
Club, Mr.. Stone has been with the
company about seven years.
The death of John A. Massie, vice
president of the McLachlen Banking
Corp, was heard with regret in the
financial district today. He had
served the bank long, faithfully and
very ably. Few of his friends
realized that man so active was
IS years old.
One of the outstanding addresses
at the Bank Management Confer
ence Of the A. B. A. at Columbus
was made by D. J. Needham of this
city, general counsel of the asso-
citation, when he discussed national
legislation now before Congress. c. l..
Robey, president of the Virginia
Bankers Association and of the
Purcellville National Bank, was
among the bankers present from
this territory.
ununa Tnan RouL ExnouIiu~
In the annual report of the Fed
eral Home Loan Bank of Winston
Salem, in which Washington build
ing and loan associations hold men,
bership, President o. K. LaRoque
reports that in 1888 the bank led
the entire Federal Home Loan Bank
System in number of advances,
amount advanced and repayments.
During the year insurance COM
panies and eight loan and savings
institutions were accepted into
membership. At the end of the year
402 building, savings and loan as
sociations and IA insurance compa-
nies were members.
It is generally conceded that more
homes will be built this year than
at any time within the last decade.
The mortgage lending market is
highly competitive and unless our
member institutions become active
in meeting this competition on a
sound and progressive basis, we
cannot hope to maintain our leader
ship as home financing institutions.