Evening star., 1940-06-02
D. T.. Bankers 10 Leave
For Annual Conc|ave
Wednesday
Nearly ESQ Finonciers
And Guests Expected
To Board Truin
By EDWARD C. STONE.

BY EDWARD C. STONE.
Nearly $50 Washington financiers
and their guests will leave the Cap
ital by special train over the Ches-
apeake & Ohio Ry. Wednesday after
noon at $3.50 for Hot Springs, Va,
where the 22nd annual convention
of the District Bankers Association
will be held on Thursday, Friday
and Saturday. The attendance will
exceed last year, according to total
reservations up to yesterday.
Among many invited guests are
Preston Delano, Controller of the
Currency; Mariner S. Eccles, chair
man of the board of governors of
the Federal Reserve System, and D.
j. Needham, chief counsel of the
American Bankers Association.
The opening days program calls
for an address by the association
president, Ord Preston, and an ad-
dress on The International Situa-
ton" by DR.. Elmer Louis Kayser,
dean and professor of history at
George Washington University; a
report on the Credit Bureau by
Chairman H. T. Bisselle; appoint
ment of the Committee on Resolu-
tions and the Nominating Committee
Fridays session includes the re-
port on commercial trade activities
by Chairman Barnum l.. Cotton;
address on The Tax Situation in
the District of Columbia" by 10 v.
Morgan, and an address on Con
sumner Credit" by Walter B. French,
of the American Bankers Associa-
ton. Saturdays program includes
an address on the Economic AS
poets of America with World War
Conditions and the Aftermath" by
DR.. William Y. Elliott, of Harvard
University.
Saturdays program also calls for
q review of the Institute of Bank
ing's year by Francis E. Robey, pres
ident of Washington Chapter, host
of other reports, resolutions, and will
wind up with the election of officers
An array of entertainment features
have been planned for afternoons
and evenings A Scott, general
chairman, yesterday predicted one
of the best conventions in years. The
party will return to Washington late
Sunday.
Washington Gas Net Climbs.
The monthly report of the Wash
ington Gas Light Co. filed with the
Public Utilities Commission yester-
day shows an increase of $10l, ,237 in
the operating revenues for April this
year compared with the same month
in 1939 The total operating reve-
nues for the month were 1891 1858,
against s790,031 for April, 1885,
Operating expenses and taxes
amounted to $642 $50 this April an
increase of s88,422 over April a year
ago. Incorporating income was
$4,437 higher in April this year,
amounting to $21,979. Income de-
ductions were s66,977, a saving of
$5,126 in comparison with the previ-
GUS years figure, and the net income
for April was s2O3,71O this year.
against s181, ,332 in 1899, gain Of
S22,378.
The company's net income from
operations for the first four months
of 1910 amounted to $992851, gain
of S167 ,802 over the same period last
year.
The report shows gas sales of
1,352,783 M cubic feet in April this
year. an increase of 1858 M cubic
feet. or II per cent over April last
year. There were 1854 meters in
service on April 80 this year, an in
crease of 4,44l over the same date
last year.
The company expended approx
mately S90,500 in April and $3.50, 900
In the first four months of 1910 for
extensions to its property to pro-
vide for service requirements of
customers, the report showed.
100 Bankers to Visit Capital.
Members of Washington Chapter,
American Institute of Banking, to-
day will entertain more than 100
Southeastern delegates en- route to
the annual convention in Boston.
The visitors will arrive this morn
Ing and be guests at lunch. During
the afternoon sightseeing tour
will be offered, followed by a dinner.
The Southern delegation will in
clude j. T. Dart, incoming national
president; j. A. Reagan, Garnett
Carter, Edward F. Matthews and L.
M. Barousse, all national executive
councilmen. The delegates CONS
from 10 Southern States, including
Virginia and West Virginia.
Washington Chapters Entertain
ment Committee includes j. Ear.e
McGeary, Kenneth Birgfeld, Edward
M. Blaiklock, John M. Christie.
Joseph r. Fitzpatrick, Raymond L.
Jones, William H. Laughlin, Robert
H. Lacey, Francis E. Robey, w. L.
Sanderson and Paul j. Seltzer.
Several members of the committee
will go on to Boston with their
guests.
Insurance Totals $4,8S4, 900.
Twenty-seven members of the
Life Insurance Club of Washington
wrote an aggregate of $4,884, 900 of
insurance on the lives of Washing
tonians in 1899, George T. Black,
secretary treasurer, announced yes
terday. The summary has just been
completed
Club members reporting this large
total include Carl B. Balluff, H. L.
Barlow, George T. Black, Francis M.
Brotherhood, Armand Durant, G. B.
Farquhar, Paul w. Hammack, Dan
j. Harrison, Edward D. Hill, Ray
mond B. Hotchkiss, Frank C. Jude,
B. H. Lingo, John P. Lynch, William
D. Macy, Sd; James A. Maloney, Ber-
nard c. Marberry, j. E. McCombs,
John E. O'Brien, Paul Primm, L. H.
Riggles, William H. Ross, Norman l..
Simmons, Charles B. Sinclair, r. v.
Shepler, Graham E. Wilson, Guy
Withers and Wyndham R. Wills.
The club will conclude the years
activities with a dinner at the Con-
gressional Country Club, Tuesday
evening, President G. B. Sinclair
presiding.