Evening star. [volume] (Washington, D.C.) 1854-1972, 1939-07-01
d. c. Bankers Get Diplomas.

April ---------- LUIS, 09o 9b4 259
May ---- 1.076,526 $3.50
d. c. Bankers Get Diplomas.
To a class of 172 bank officers
from 80 States and the District of
Columbia diplomas were awarded
at the Graduate School of Banking
at Rutgers University last night.
Bishop James E. Freeman of the
Episcopal Church, Washington, was
the commencement speaker, while
DR.. Lewis E. Pierson, chairman of
the board of regents of the gradu-
ate school, awarded the diplomas
He told the graduates that he nae
mo sympathy with those who say
that the era of individual oppor-
tunity is behind us
The work offered at the school
covers the very highest courses that
can be taken in practical banking.
Three of the graduates we're from
Washington: Daniel j. Callahan, jr.,
Riggs National: Vincent A. Sheehy
Washington Loan g. Trust, and
Laurence H. Jones, Federal Reserve
System.
The Maryland list of graduates
included David M. Kennedy of
Hyattsville, and the Virginia bank
ers include Robert G.. Wilton
First National Bank of Alexandria
On behalf of the class, Robert E.
MacDougall. assistant trust officer
of the Provident Trust Co.. Phlladel-
phia, Pa, presented Rutgers Uni
versity with gift of $3.50 to add to
the fund created by the classes of
1887 and 1888 for the establishment
of financial library at the univer-
sity. DR.. Robert G. Clothier, presi-
dent of the university, accepted the
gift.
Oriental Reports Good Year.
The 18th anniversary statement of
the Oriental Building Association
discloses resources at a near all
time high of $6,354,000. Surplus
account has risen to SAP 500, while
loans on real estate are in excess
OF s6,OOO0OO.
John G. Kolb, treasurer, stated
today that the last years operation
reflected considerable improvement,
pointing out that dividends paid to
shareholders during the last year
amounted to $219.128.
Chaplin B. Bauman is president
and Ralph A. Xander secretary.
Directors, in addition to the officers,
include Carl C. Haneke, Charles
Schafer, G. H. Schulze, John j.
kolb, Thomas B. Young, Louis c.
Dismer, c. Albert Parker, DR.. Fred
erick H. Morhart and Frederick w.
Schneider.
Dollar Sales Up IL Per Cent.
Dollar sales of 3,044 wholesalers
representing all parts of the country
increased lib per cent in May over
the same month year ago, it was
announced today by Director Will
liam L. Austin, Bureau of the Gen.
sus. May sales of the reporting
group amounted to $213, 143 ,000
Although sales have run consist
emily higher for each of the five
months of this year over the cor
responding months of 1888, May
shows the most pronounced gain.
Month-to-month percentage gains
over last year we're: January, A
February, 4.3 March, 48; April, 1.3,
and May, lib.
The ratio of collections to &C
counts receivable for 1857 whole
salers reporting this information was
somewhat above May, 1888. Collec-
tons during May amounted to rs
per cent of total accounts receivable
outstanding at the beginning of the
month, while the corresponding ra-
ito for May of last year was II per
cent. May is the seventh consecu-
tive month during which the collec-
ton rate has equaled or exceeded
that of the corresponding month of
the previous year.