Evening star., 1940-02-24
Reservations for 1,15Q
Al Bankers Dinner
Set New Record
Many U. S. Officials
Will Attend Affair
At Willard Tonight
By EDWARD C. STONE.

By EDWARD C. STONE.
Breaking all previous attendance
records, 1,150 reservations have been
made for the 35th annual banquet of
Washington Chapter, American In
stitute of Banking, to be held at the
Willard Hotel tonight.
Among those present will be many
Government officials, bank officers
and chapter leaders from all the
principal Eastern cities, as well as
a host of local bank officials and
employees. Francis E. Robey, chapter
president. will preside.
DR.. Harold Stonier. New York,
executive manager of the American
Bankers Association, and j. Leroy
Dart, Jacksonville, Fla, vice presi-
dent of the American Institute of
Banking, will speak briefly as repre-
sentatives of their organizations.
The principal address will be made
by James E. Gheen, New York,
well-known after-dinner speaker.
The committee handling arrange
ments for the dinner includes
Walton L. Sanderson. Hamilton Ma
tional Bank, chairman; Aubrey o.
Dooley, Hamilton National; Richard
A. Norris, Lincoln National; Frank
NJ Perley, American Security &
Trust Co., vice chairmen; Frances
E. Werner, Hamilton National, sec
retary; Herbert D. Lawson, jr.,
Washington Loan & Trust Co.,
treasurer; John M. Christie, Riggs
National, decorations; Robert H.
Lacey, Columbia National. dinner;
Kenneth Birgfeld, American Sc
Curity & Trust Co., entertainments;
J. Earle McGeary, w. B. Hibbs &
Co., publicity; Edward M. Blaiklock,
Washington Loan & Trust Co., re-
ception; Paul j. Seltzer, American
Security & Trust Co., seating.
The record attendance will require
use of the small ballroom and the
balcony, in addition to the main
ballroom. 1t will be one of the
largest dinners any organization has
ever had at the Willard
Among the guests will be Jesse H.
Jones, chairman of the Federal Loan
Association; Mariner S. Eccles,
chairman of the board of governors
of the Federal Reserve System;
Preston Delano, controller of the
currency; Emil Schran, chairman
of the Reconstruction Finance Corp,
and Danied w. Bell, Undersecretary
of the Treasury.
Transit Showing Favorable.
While the Capital Transit Co. re-
ported net earnings in January of
only S6,681.55, this showing is con-
sidered favorable in the face of the
snow situation which called for
heavy extra expenditures.
In January the company spent
around $4,000 fighting big snow
storms, that amount of course put
ting a serious crimp in final net
revenues. While the company re-
ported a gain of 1,191 ,459 in revenues
passengers, an advance of 81 per
cent, this increase was not sufficient
to offset the extra heavy snow ex-
penses.
During the recent storms, the
Capital Transit Co. had about 600
men working to keep tracks and bus
routes clear or sanded, switches
functioning, platforms cleaned and
sended, and performing other duties
to keep 1000 street cars and buses
on the move There was nine more
Inches of snow in January this year
than in the average January, the
reason why snow expenses were so
much larger than year ago.
While there was notable gain of
more than $4,000 in operating reve-
nues, operating expenses were up
more than $4,000, the report said.
Bonds Reach New Peak Price.
In selling at 102 on the Washing
ton Stock Exchange yesterday, Ana
costa & Potomac River r. r. first
IS reached their highest point in
several years. They have recently
been selling around 1O1, to yield 4.S5
per cent Two $1,000 bonds changed
hands yesterday. They closed with
session with 1001a bid and los asked.
Thousands of holders of American
Telephone g. Telegraph Co. stock
will receive the regular quarterly
dividend of s225 per share on April
Is. The stock of record date is
March Is.
Eastern railroads have decided to
give up any court appeal and reduce
passenger rates to basis of cents
mile for one way coach travel, as
ordered by the Interstate Commerce
Commission. The Baltimore & Ohio
is said to have favored a still lower
rate.
Edward H. Leslie has been ap-
pointed chairman of the committee
for Seaboard Air Line refunding IS,
due 1859, succeeding Frederic w.
Ecker, vice president of Metropolitan
Life Insurance Co. Mr. Leslie is
partner of Wood. Struthers g. Co.,
and chairman of the Investment
Bankers Association railroad securi-
ties committee.
AS further steps in the program
Instituted II months ago to stimu-
late trading volume, the Cleveland
Stock Exchange has just established
public relations committee and will
inaugurate new schedule of mini
mum commission fees next Monday,
according to information received by
the Washington exchange.
AF /Pe A0A Al