Evening star. [volume] (Washington, D.C.) 1854-1972, 1940-10-22

$## r. S$$$$$# w, FRANK u |
Heron, now vice !
W. F. D. Heron. president of the |.
Union Trust Co, who was first |!
president of Washington Chapter, |
American Institute of Banking, |
when it was organized in 1901, !
headed the list of past officials who |!
We're introduced by Edward M !,
Blackjack, the present chapter chief |
A. M. McLachlen, president of the !
bankers association. reviewed the !
history of the Institute of Banking. |
and praised the inductive process |
that is the spirit Of the institute /.
The blending of ideas and ideals. !
born in the past with the practical |
experience Of the present, forms a
pattern Of conduct that helps the |
banker to carry on successfully the |
Job that is his, Mr.. McLachlen de- |
sclared
Institutes Value Praised.
Devoted men who are teaching |
bank employees the philosophy of |
their business may not be aware of
it, but slowly and progressively they |
are helping TO develop the science |
OF banking, MI. McLachlen as |
Serted. There is a vast amount of |
faCtual knowledge about banking |
that is being discovered. arranged /
Systematically and studied by men
engaged in business who desire to .
improve their service. Many of |
these men are working with tools |
they were taught to use by the in
stitute.
In the last 40 years. Mr.. McLaCh-
len concluded, the institute has en-
riched the minds and increased the
efficiency of the students. stimulated
ambition, developed initiative and
leadership, created friendships. SYM
pathy and understanding, attributes
that are needed in world of force,
hatred and misunderstanding.
Past presidents of Washington
Chapter present at the meeting
were w. F. D. Heron. w. NICK
StoWeu, Charles H. Doing, jr.;
Joshua Evans, jr.; Ernest E. Her
rell. Victor B. Deyber, Wilmer J.
Waller, James c. Dulin, jr.; Harold
w. Burnside, I. J. Roberts, James A.
Soper, A. E. Henze, Frank M. Per-
ley, Aubrey o. Dooley, Richard A.
Norris, Robert H. Lacey, w L. San
derson J. Earle McGeary, Paul J.
Setter, William H. Laughlin. Jo-
seph R. Fitzpatrick and Francis E.
Robey.
DR.. Ernest NJ Fisher. director of
research and real estate finance,
American Bankers Associa ton, was
tlc ,ori,ooiY>o1
Ing. He spoke informally on Banks
and the Mortgage Situation in
Washington" and answered various
questions at the conclusion of his
talk.
Special Tributes Adopted.
A resolution in tribute to the late
H. Prescott Galley. chairman of the
board of the National Savings &
Trust Co., was presented by Bruce
Baird. president of the bank and
chairman of a special Resolutions
Committee. the other members being
Corcoran Thom president, Ameri-
can Security e. Trust Co., and Ord
Preston, president, Union Trust Co.
resolution was also presented
IN tribute to George Francis Will
Hams, late general counsel and trust
officer, Lincoln National Bank, by
Stanley D. Willis, trust officer, Ma
tlOnal Metropolitan Bank, member
of special Resolutions Committee.
The chairman of this committee was
Floyd E. Davis, president, Lincoln
National Bank. and the other mem
Der was T. Stanley Holland, trust
officer, American Security & Trust
Co.
President McLachlen presented in
signals to the associations three sec
ton chairmen: Miss Eva Kicker,
chairman, safe deposit section, who
is with the Riggs National Bank;
William B. Mehler, jr, chairman,
auditors section, and assistant
cashier, City Bank, and Henry K.
Dlerkoph, chairman, fiduciaries' sec
ton and assistant trust officer,
Riggs National
T, Stanley Holland first vice pres
ident of the bankers association,
was chairman of arrangements.
Controllers Resume Sessions.
The first fall dinner meeting of
the District of Columbia Chapter of
the Controllers Institute of America
will take place this evening at $50
at the Carlton Hotel. The new
president of the group, FRANKLIN
H. Kenworthy, controller of the
Chesapeake e. Potomac Telephone
Co., will preside and the members
will be addressed by Maurice Acers,
administrative assistant in the Fed
eral Bureau of Investigation.
c. & P. Employees Honored.
Hugh w. Smith. manager of the
Metropolitan-Na central Office
of the Chesapeake g. Potomac Tele-
phone Co., and Thomas H. Whitaker,
evening manager of the company.
were honored by friends and fellow
workers at a luncheon at the Ohm
stead Grill this noon.
On completion of IS years of serv-
Ice, Mr.. Smith received a diamond
service emblem, and Mr.. Whitaker.
for 30 years service. was presented
sapphire emblem. Both presenta-
tions were made by Charles A.
Robinson, vice president and gen.
eral manager.
TOday'S Trading on Exchange.
Washington Gas Light common
stock again was in demand on the
Washington Stock Exchange today.
40 shares changing ownership at
PAY, off !. from the last previous
sale. In recent sessions both Wash
ington Gas common and preferred
stocks have figured in the daily
trading more than most other issues.
The high for the year on the COM
mon stock is 29la and the low 21l2.
The preferred has sold at 100 and
at SO during the year. 1t is now los.
The Railway Express Agency re-
ported today that gross revenues
from the Nationwide air express