Evening star., 1940-04-15
Hanes, Kent, lotion
To Address Bankinq
Institute ConcIave
Capital Will Send
Large Delegation
To Boston in June
BY EDWARD C. STONE.


lean Institute of Banking are ex-
pected to take part in celebrating
the Institutes 40th anniversary dur
ing the annual convention in Bos-
ton. June 81, it is announced by
Harry r. Smith, institute president.
Delegates from Washington chap
ter have already been nominated
and an extra large delegation is
planning for the trip
Robert M. Hanes, president of the
American Bankers Association; Fred
I. Kent, director, Bankers Trust Co.,
New York, and Frank M. lotion,
second vice president, Chase Ma
tional New York, will high light
the speaking program.
A series of conferences, open to
the membership, on banking prac-
tices, audits and accounting, credits
and savings banking, trust business,
business development and advertis-
ing, and investments will feature the
convention, it was announced today.
Chapter Delegates Nominated.
Delegates recently nominated by
Washington Chapter, American In
stitute of Banking, to attend the
Boston conclave, are:
Kenneth Birgfeld. Frank M. Per-
ley, Paul j. Seltzer American Sc
curity & Trust Co.; Thomas j. Nor
ris, Francis E. Robey, Bank of Com
merce & Savings; James B. Ahalt,
City Bank; Robert H. Lacey, Co.
lumbia; Aubrey o. Dooley, Walton
L. Sanderson, Hamilton National;
j. Earle McGeary, A. E. Henze,
w. B. Hibbs & Co.; George Gale
her, Richard A. Norris. George M.
Rowzee. jr,, Lincoln National; Will
liam M. Mcclure, McLachlen Bank;
G. C. Turnbull, John Wilson, Nor
ris Plan: Theodore B. Bogley, Mum
sey Trust Co.; Rutherford J. Dooley,
National Bank of Washington; Ray
mond L. Jones, National Metropoli-
tan; Robert Christie, Helen Healy
Richard johnson, Raymond Nc
Givern, Neal w. Wells, National
Savings & Trust Co.; John NJ
Christie. George Dagenais, Franklin
A. Gibbons. Stephen o. Porter, Will
liam Smith, I. J. Roberts, Riggs
National; Joseph R. Fitzpatrick.
Stuart Ogilvie, Second National;
Frederick A. Daum. Vernon Hill,
T. Hunton Leith. Security Savings
g. Commercial Bank; G.. Elmer
Flather. Union Trust Co.; Edward
M. Blaiklock, Leona Draeger, jean
cite Fuchs, William H Laughlin.
Herbert D. Lawson, Washington
Loan & Trust Co.
Counter Quotations Strong.
Quotations of Washington stocks
sold over the counter are main
tanning strong prices.
The bid for Munsey Trust Co
stock has moved from 80 to IS and
no stock is being offered for less
than los, a spread of 20 points.
Garflnckel common stock is now
quoted at 10 bid and l1l2 asked.
while the bid for the preferred
stands at 26, with % asked. Wash
ington Railway g. Electric partici-
pating units, which recently were
placed on the market are being cur
rently quoted at 201a bid and 22l2
asked.
Washington Baseball Club stock,
as the 1910 season is about to get
under way, stands at 40 bid and SO
asked. The stock is reported to be
very inactive. The quotations are
practically the same as at the OPEN
ing of the 1899 season. Should the
club land in the first division the
stock might see rising quotations
Many other issues are equally firm
and steady.
Siddons, Wyatt on Program.
Frederick P. H. Siddons, secretary
Of the American Security e. Trust
Co., will address Group Four of the
Virginia Bankers Association, at
lynchburg, next Saturday on The
Bankers Dilemma" More than 200
bankers are planning to attend the
meeting.
Walter Wyatt, general counsel,
Board of Governors of the Federal
Reserve System, Washington. will
speak on The Federal Reserve
System"
Giles H. Miller, president of the
Virginia Bankers Association, and
vice president of the Lynchburg Ma
tional Bank, will address the group
on advantages in Reach of Virginia
Bankers"
Essay Contest Rules Drawn.
Rules for the annual essay con-
test conducted by the District Bank
ers' Association for members of
Washington Chapter. American In
stitute of Banking, the winner to
attend the June convention at Hot
Springs, were announced today by
the committee in charge of the
contest. w. T. Vandoren, vice presi-
dent and cashier, Liberty National
Bank, is chairman, and the other
members are George M. Fisher, vice
president and treasurer, Washington
Loan & Trust Co.; w. R. Forster,
vice president, Hamilton National,
and Irving Zirpel, secretary, Union
Trust Co.
The second prize will be SIS and
the third prize $50. All essays must
be turned in not later than May Is
to Secretary Donald W. Larson of
the District Bankers Association.
Contestants are given choice of three
subjects:
ways in Which a Bank May At
tain Greater Efficiency Through
Improved or Simplified Methods, "
practical Problems to be Solved in
Establishing a Small Loan Depart
ment,' and chartered Banking
Its Right to Exist
North American Asks Time.
The North American Co. has asked
more time in which to file it's answer
to the Securities and Exchange Com
mission order under the integration
provisions of the Public Utility Hold
ing Company Act. The reply was
due April 18 and the requested ex-
tension is for 80 days. The company
saws the answer involves serious