Evening star., 1942-05-22
Record Attendance
Expected al D. T..
Bank Conc|ave
About $50 Reservations
Already Received for
'Three-Doy Sessions
By EDWARD C. STONE.

sHbSS SSSS'OHS
BY EDWARD c. STONE.
Bruce Baird, general chairman OF
the Oath annual convention of the
District of Columbia Bankers AS
sociation, today predicted that all
previous attendance records will be
broken at the coming three-day
conclave which opens Monday al
the Columbia Country Club.
Naturally, the number of delegates
from the banks will far exceed the
number in years when the annual
sessions have been held at points
away from the Capital. About $50
reservations have already been re-
ceived by the committee. With
addition Of many guests, including
wives of the members, the daily
attendance is expected to exceed 200
T. Standley Holland, president of
the association, announced today
that the Rev. John J. Riley, director
of the National Shrine of the I'M
maculate Conception, Catholic Uni
versity, will be the guest speaker
at the closing session next We'd
nesday. He is a former pastor and
radio speaker in New England, was
educated at Louvain University in
Belgium and ordained by Cardinal
Mercier. He will speak on mo
Funds"
A. M. McLachlen, chairman of
the Program Committee, has COM
pleted the list of speakers, the others
already having been announced. In
the opinion Of General Chairman
Baird, the convention will be one
of the most interesting in years and
will include all the features that
would appear on the program II
The gathering were to be held. at
Hot Springs, White Sulphur or else
where.
/ Maryland Bankers in Session.
Maryland's bankers were COM
pleting their annual session today
at Baltimore, election of officers
being one of the features.
& Stuart L. Brown, cashier OF the
National Bank Of Southern Mary
land, at Marlboro. is slated to head
the association during the coming
year.
Speaking at the annual dinner at
the Emerson Hotel last night, DR..
Elmer Louis Xayser of George
Washington University declared
that the Allied Nations must win
the "middling war" The short
war has already been lost and we
might lose the long war.
Z "Our potentials are fixed. Our
enemies have vast new sources OF
materials. Hence, we must win the
"middle war" before they have a
chance to take advantage OF their
expanding potentials," DR.. kayser
asserted.
At Yesterdays sessions speakers
Included A. L. NJ Virgins, second
vice president of the A. B. A.. and
DR.. E. A. Kincaid, consulting econo-
mist of the Federal Reserve Bank
OF Richmond.
Victory Fund Workers Named.
Robert v. Fleming. president OF
the Riggs National Bank, and j.
Clifford Folger, partner in Folger,
'Nolan & Co., Washington invest
ment firm, have been appointed to
the Victory Fund Committee for the
Fifth Federal Reserve district, Hugh
Leach. president of the Richmond
Reserve Bank, announced today.
Among the IL flnanciers on the
committee are Robert M. Hanes,
Winston Salem: Albert D. D. Gra-
ham and Charles D. Garland, Bal
,timore: H. Hitter Harris and Ed
ward C. Anderson of Richmond.
The committee will work chiefly
with large investors and will not
duplicate the work Of the war
savings staff of the Treasury.
=. The committee will aim to reacn
investors whose requirements are
not fully met through series E War
savings bonds.
t. Veteran Exchange Members.
8 According to the New York Stock
Exchange 1912 Yearbook, there were
Z 763 members on January 1 VINO nao
I held seats for more than 10 years
The first 10. who hold very much
! longer records, include:
Frederick H. Prince, admitted on
! December 10. 1885: Edward w.
, Clark, June, 1886; Henry S. Stern
) berger. October, 1888; Leonard D.
j White, March, 1889; Edwin G.
Bruins, December. 1891; Edward G.
! Anness. June, 1892: Louis S. Kerr,
, Nav. 1893; Blair S. Williams. Sep
} tember, 1895; Anthony w. Morse,
. January, 1897: and w. G. Loew,
! April, 1897.
. The District of Columbia now has
! two main Offices and seven branch
. New York Stock Exchange offices,
/ one being closed last year. Virginia
, has IL branches and Maryland nine.
, The Yearbook gives list OF COM
, mon stocks which have paid divl-
: dends from 25 to "a years The
, Pennsylvania Railroad started divi-
! dends in 1848. In the list is the
! washington Gas Light Co., which
!. paid first dividends in 1866. Ameri-
scan Telephone began such payments
!. in 1881.
Financial District Comment.
The next meeting of the Board of
Governors of the Association Of
Stock Exchange Firms will be held
in Philadelphia, June Is and Is.
John E. Parker of Auchincloss,
Parker e. Redpath, is one OF the 30
members of the board.
The Virginia Electric & Power Co.
has declared the regular s1.50 quar-
terly dividend on the Sc perferred
stock, payable June 20 to , stock
holders of record May 49,
Since the all-time peak was reg
istered last summer, the volume OF
consumer installment credit has
declined by nearly billion and a
quarter dollars, or fifth of the esti-
mated total outstanding, the Fed
eral Reserve bulletin points out.
George w. Heiser, vice president
of the Manufacturers Trust Co., has
been appointed chairman OF the
Membership Committee of the
American Bankers Association. He
succeeds Dunlap C. Clark Of Kala-
vo,,oo u,ho hoe hecorne a 1ie,Iten.