Evening star., 1940-02-06
Bankers Will Attend
Trust Conference
Al New York
Large D. c. Delegation
Registered for A. B. A.
Group Sessions
By EDWARD C. STONE.


resented at the 2lst midwinter
trust conference to be held at the
Waldorf Astoria Hotel, New York
City, February 1915. This con-
ference is sponsored by the Ameri-
can Bankers Association.
The following bank officials of
Washington banks are planning to
attend:
T. Stanley Holland, trust officer,
American Security & Trust Co.;
Major Erskine Gordon, trust officer,
Hamilton National; William v. Sim
mons, trust officer, Liberty National;
Floyd E. Davis, president, Lincoln
National; j. Frank White, president,
and Ralph G Wilson, assistant trust
officer, National Bank of WASH
ington; Stanley D. Willis, trust
officer, National Metropolitan; Bruce
Ssaird, president, William B. Will
lard, vice president, and Herman G.
Lauten, assistant trust officer, Ma
tional Savings &, Trust; Robert v.
Fleming. president, and Sidney F..
Taliaferro, Riggs National Bank;
John A. Reilly, president, E. F. Col
laday, counsel and trust officer, and
William B. Wolf, assistant trust
officer, Second National; Willard G..
McGraw, assistant trust officer, and
j. Wesley Clampitt, jr, assistant
trust officer, Union Trust Co., and
William H. Baden. vice president
and trust officer, Washington Loan
& Trust Co.
Experts to Speak.
Roland E. Clark, president Of the
trust division, American Bankers
Association, and vice president OF
the National Bank of Commerce OF
Portland, Me, will preside.
A number of outstanding speakers
have been engaged, including Elmo
Roper, market analyst, who con-
ducts the public opinion surveys for
Fortune Magazine, New York: Will
liam A. Irwin, associate educational
director, American Institute OF
Banking; Laurence G. Tighe, as
sistant treasurer. Yale University,
New Haven, Conn, and John w.
Hanes. former Undersecretary OF
the Treasury.
Franklin Payments Start.
The Franklin Liquidating Trust
today began disbursement of $780,
600 to about $1,000 depositors of the
former Franklin National Bank, by
paying a 10 per cent dividend on
the face value of participating GER
tificates. This dividend amounts to
31a per cent of the face value of
deposits in the Franklin Bank when
1t closed in 1888.
This dividend, which is the fourth
to be paid on the certificates, is in
reality the fifth dividend to de-
positors, as the first dividend Of
65 per cent was made available
through the City Bank of Wash
ington. With the new payment to-
day depositors will have received a
total of s2,e5o,o 900, or SO per cent of
deposits.
Heads Credit Union.
Robert N Mattingly, principal of
Cardoza High School, at Ninth street
and Rhode Island avenue, was re-
elected president of the Educational
Employees Credit Union of the Dis
trict of Columbia at a recent an
nual meeting, where an 8A per
cent dividend was declared.
The treasurer's report showed
that the unions net earnings be-
fore providing the addition to the
legal reserve approximated II per
cent for the year 1899; that of
cash turnover of $28 8,679.28. the
amount of s21,3 800 represented loans
to members. thus bringing the total
loaned since organization to $751;
25675 without loss.
With the exception of Mrs. Eu-
dora Winters, who declined re-
election on account of poor health,
all officers, directors, committeeman
and representatives, in addition to
Mr.. Mattingly, were reelected.
Associates Honor Harrell.
John B. Harrell, president Of Co.
1umbia Federal Savings & Loan
Association. was guest of honor at
q dinner rendered by his associates
last night celebrating his 18th BIRTH
day anniversary at the Wardman
Park Hotel, with the following
present:
Clarence E. kefauver, Albert o.
Denham, c. Gay Harrell, George B.
Cowles, w. Owen Hohenstein, How
ard E. Thompson, R. T. Harrell,
William Poulten and their wives.
A native of Suffolk, Va, Mr.. Har-
rell moved to Washington in 1896
Engaging in the real estate business,
he assisted in the development of
the great Northwest section of the
city. In 1907 he organized the Co.
lumbia Federal, which today has
resources in excess of $5,2O0,OOQ.
Last month Mr.. Harrell was re-
elected president of the association
for the 34th successive time.
Hot Spring Gets Conclave.
Local bankers were gratified to
learn that the 1910 convention of
the Financial Advertisers Associa-
ton will be held at Hot Springs,
Va, October % to 80, according
to announcement just made by
NllCSuCl -. 1ASC, ClloA uld1l Ol lllC
Convention City Committee after
unanimous adoption by the directors
of the association.
Washington had been favorably
considered, but the election year
was not deemed the best time for
the gathering here. Popularity of
Hot Springs has been evidenced by
Its frequent selection for conventions
of the D. C. Bankers Association.
The midwinter conference of the
F. A. A. will be held in New York,
beginning Friday next and continu-
ing through Monday. Eliot Thom-
son, of the Washington Loan g.
Trust Co., who is a member OF the
Senior Advisory Council, is expected
to attend.
Heard in Financial District.
Rutherford B. Dooley, vice presi-
dent and cashier of the National
Bank of Washington, has returned
from short trip to New York. He