Evening star., 1939-06-12
Washington Bankers
Return 10 Capital
From Convention
Award Of Sport Prizes
Is Feature of Annual
Dinner of Association
BY EDWARD c. STONE.

BY EDWARD c. STONE.
Nearly $50 Washington fnanciers
and their guests were back in the
Capital today from the 2lst annual
convention of the District Bankers
Association at Hot Springs, Va, hav-
ing reached the city late last night
aboard a special train. The conven-
ton was universally declared one of
the most interesting and enjoyable
in years.
One of the big features of the an
nual dinner was the presentation of
sports prizes, by William B. Willard,
committee chairman, which were
won after three days of lively COM
petition. Again it was proved that
good many financiers are first-class
golf players, several association Off
cials being among the top-notchers
The Pop Fleming Cup, offered
many years ago by the late 7. A,
Fleming, long connected with The
Star, was taken by Frank M Perley;
second. Norman Frost; third A.
Harding Paul; fourth, Howard P.
Foley; fifth, B. L. Amlss.
The Richard Hatton Cup, pre-
sented by one of Washingtons lead
ing financial writer's for nearly two
decades, was captured by Hilleary
G. Hoskinson, retiring president of
the association. Other prize winners:
Other Awards Announced.
Ladies outdoor putting contest
First, Mrs. Robert C. Jones; second,
Mrs R. E. Burks; third, Mrs. How
ard P. Foley.
Eleanor Patterson tournament
First. Mrs. George Eccles; second,
Mrs. H. S. Goodman; third, Mrs.
Preston Delano,
Hibbs tournament-First. Ord
Preston; second, Wilmer j. Waller;
third, j. E, Larson; fourth, Harry
V. Branson.
Karl Corbv Trophy-H, G. Smithy.
Shannon Tournament-Firs John
c. Allen; second, Robert V. Fleming:
third. J. H Dodge; fourth, M. E.
Horton
Wright Tournament-Sid Sidney F.
Taliaferro.
McLachlen Tournament - First.
Lawrence Clayton; second. Irving
Zirpel; third A Burks Summers;
fourth. J. B. Skinner.
Eccles Clayton tournament
James Med Shea.
The Gruver Horseshoe Pitching
Tournament was won by Arthur
Pierce, the noted entertainer. with
G.. Clifford Howard a close second.
The finish of the barnyard golf con-
test was extremely exciting.
Dinner Ends Contention.
Hilleary G. Hoskinson presided at
the annual banquet, with Roger J.. p,
Whiteford master of ceremonies.
During the dinner Mr.. HosklnSon
was rendered a very handsome
watch by the association. the Gus
tonary gift to the retiring president.
Mr.. Fleming made appropriate pres
entation remarks.
The climax of the evening was the
staging of minstrel show, "Hoskin-
sons Harmonious and Hilarious
Mammoth Mastodon Minstrels, with
Thomas w. Brahany as interlocutor,
assisted by the following renowned
Washington artists:
George Calvert Bowie. Ugo Carusi,
Lawrence Clayton. Samuel P. Hol-
land, George A. Myers, L. Bert Nye,
George H OConnor. Arthur B.
Pierce, Edwin C. Steffe, Wilmer j.
Waller and Roger j. Whiteford.
Program Widely Commended.
The program at the three daily
sessions received wide commenda-
ton. The address by Rufus Lusk
on the real estate situation in Wash
ington proved particularly interest
ing, his warning against over-build-
ing in the Metropolitan Area being
considered timely.
According to President hoskin-
son S address, the banks in Washing
ton are in a very sound condition
and in position to make a great
many more loans than are being re-
quested.'
According to Controller of the
Currency Preston Delano, vast
amount Of original thinking is re-
quired in these days of new and
changing banking conditions. He
made a strong plea for constructive
ideas.
Other reports pictured the pres
ent highly satisfactory state of
nearly all Of Washington business
indexes. 1t was made clear that the
present low interest rates here and
all over the world are likely to re-
main low for long time.
Probably the most important reso-
luton adopted called for the repeal
of the District of Columbia intan-
elble property tax. Capital financiers
being very strongly opposed to this
levy, Another resolution makes a
vigorous plea for conservative
policies in all banking practices.
Second National Dividend Up.
The Board of Directors of the
Second National Bank voted to in
crease its common stock dividend
from per cent to 5 per cent per
annum, President John A. Reilly
announced today. The stockholders
of record as of June 20 will receive
81 l,50 per share on June 30.
At the same meeting the board
voted to transfer to the surplus ac-
count of the bank the sum of S57.-
500, which increases the surplus to
100000
The bank also purchased for re-
tlrement preferred stock having
par value of s27,500 This action
reduces outstanding preferred stock
to 100000, which is slightly in ex-
cess of so per cent of the original
issue
Today's Trading on Exchange.
Ten shares of Liberty National
Bank stock changed ownership on
the Washington Stock Exchange TO-
day at l79, same as the last previous
sale and within l point of the 1889
high mark.
Capital Transit stock was also
strong today opening with two
small lot sales at 1872.
The market P1oce6 r7itb 150 eIooror