Evening star., 1940-06-10
DC. BankersFa
Greatly Increased
Aid for Allies
Back From ConcIuve,
Finunciers Center
Attention on War
By EDWARD C. STONE.


Many of the financers returned
with the strengthened conviction
that the United States should fur
nish greatly intensified help to the
Allies at once by rushing war mate
rails to their aid and by doing away
with all red tape that delays ship
ments or in any way impedes rapid
lty Of assistance.
The bankers also realize that
higher taxes in this country are
only a question of time, that the
country faces many other sacrifices
in the present emergency. The
war, by far the most vital issue in
the world today, furnished the sub
Ject of some of the most important
addresses presented to the conven-
ton.
Sports Prizes Awarded.
The sports prizes, for which there
had been three days of lively COM
petition, were awarded by the
faculty. The Richard Hatton Cup
was won by John A. Reilly with
George E. Hamilton. ir., second and
w. H. Pardoe third. The Pop Flem-
ing Trophy went to T. Howard
Duckett, with second honors to
Edison B. Olds and third to Donald
Childress.
The Wright Golf Cup was won
by James Med. Shea. with second
honors taken by T. N. Beavers and
third by J. E. Larson. Charles H
Doing Won the Hlbbs Cup; Holly
Slower second and Frederick H.
Cox third. The Karl Corby Cup
was captured by Thomas J. Groom
second place by Edward J. Cum
mings and third, Charles A. Smith
John c. Allen won the Herbert
T. Shannon Cup, with Robert v
Fleming second and John w. Drye,
Jr.. third. The Lanier P. McLach-
len Cup went to Francis G. Addison
jr., second prize to E. B. Yonkel
and third to D. N. Needham.
The Eleanor Patterson cup went
to Mrs. Harry j. Kane; second prize
to Mrs. j. w. Sheridan, and third
to Mrs. Emma Eccles Jones. The
ladies' putting contest was won
by Mrs. T. N. Beavers: second, Mrs.
John E. Larson, and third, Mrs. T.
Stanley Holland.
G.. Clifford Howard won the Cru
yer horseshoe pitching cup, with
Rutherford j. Dooley carrying off
second honors. The Carroll Morgan
tennis cup went to Robert W. Flem-
ing, with D. j. Callahan. jr. second.
The presentations aroused great in
terest at the dinner, the chairman
of the Sports Committee being S.
William Miller of the Union Trust
Co.
Echoes Of the Convention.
Francis G.. Addison, jr.; l.. Bert
fye and Ernest E. Herrell hold the
distinction of having attended every
one of the % conclaves.
James B. Edmunds, C. e. o. pas
senger agent, was in charge of the
special trains on which the party
travelled to and from the Virginia
resort.
Lucius V. Friedli was the official
reporter of the proceedings. This
these gatherings.
George H. Keesee and J. S. WAL
den represented the Federal Re-
serve Bank of Richmond at the
sessions. President Hugh Leach
attended the West Virginia meeting
at White Sulphur
James z. Collifower. president
Of the Board of Trade, was among
those introduced at the business
sessions.
Twelve bank presidents were
present, very fine showing in these
strenuous days.
Ord Preston. retiring president.
received very beautiful watch in
recognition of his brilliant service
to the associa ton.
Electricity Sales Mount.
Kilowatt hour sales of electricity
In Washington increased 6.43 per
cent in May this year over May,
1889. according to the Potomac Elec-
trio Power Co.
The figures show that sales
Jumped from 62 5S5 ,972 hours in
May last year to 66.61O,1S3 in May,
1910.
Railroads and railways consump-
ton showed gain during the same
period of SO per cent. while public
street and highway lighting jumped
by OIL per cent. Other sales" in
Guiding household and other COM
mercial consumption increased from
54493. .542 hours to 57o36A14, a gain
Of 632 per cent.
Peoples Drug Sales Up.
Net sales of Peoples Drug Stores
increased from ST 1858, ,746S3 in May,
1889. to slS75.12479 in May. 1910,
gain of Sl6.3779l. or 098 per cent,
1t was announced.
Sales for the year 1889 up to
May 81 were s9075 ,85829. which
increased for the comparable pc
riod this year up to 1892. 1882, a
gain of s246,9l793, or 2.72 per cent
The figures are without adjusting
for change in number of stores.
Underwriters to Meet.
H L. Mccoy, director of insurance
of the United States Veterans Ad-
ministration. will be the principle
speaker at the luncheon meeting OF
the managers section of the Local
association of Life Underwriters al
the Willard Hotel tomorrow. Nc.
Coy's subject will be War Risk
Insurance"
Ted Cook, general agent of the
National Life of Vermont. will pre-.
side. Cook automatically becam.
chairman of the managers section
last week upon the resignation Of
John D. Marsh. general agent o.
the Lincoln National. Marsh re-
linquished the Craftsmanship to ac'
cept the presidency of the asso
citation.
Agency Supervisor Named.
Crowley and Marr, general agent!
of the Penn Mutual Life Insurance
Co. of Philadelphia, with Offices a
efroot w fhic cifu an,