Evening star., 1942-05-27
District Banker
Session Elects
John A. Reilly
Bruce Buird Put in
Line for Presidency;
Dinner Tonight
By EDWARD C. STONE.

ton at the Columbia Country Clul
today. He succeeds T. Stanley Hol
land of the American Security &
Trust Co.
A. Scott Offutt, vice president o
the City Bank, was named first vic,
president; Sidney F. Talliaferro
vice president and trust officer O
Riggs National, second vice presi
dent, and Bruce Baird, president
National Savings & Trust Co., thirC
vice president.
Albert S. Galley, executive vic,
president of the Lincoln National
was chosen treasurer for the 31s
time; Donald w. Larson was elected
secretary and Frank ]. Hogan wa
requested to serve the association
another year as general counsel.
Members of Council.
Elected to the Council of Admin.
istration were Willard G. Barker
president, Morris Plan Bank; A. M
McLachlen, vice president ano
treasurer, McLachlen Bank; Orc
Preston, president. Union Trust Co.
and Stanley D. Willis, trust officer
National Metropolitan.
Other members of the council are
the new officers, MessrS. Reilly, Of
futt, Taliaferro. Galley and Baird
Mr.. Holland, the retiring president
and Charles H. Doing, who is the
associations representative on the
Executive Council of the American
Bankers Association.
The report of the Nominating
Committee was presented by Robert
v. Fleming as chairman.
Mr.. Reilly, the new president, is
native of Washington, a graduate
of Business High School, George
town University law school, mem
ber of District bar, treasurer O
Washington Community Chest, +;
director of the Washington BoarC
of Trade, and recently was appoint :
ed chairman of the Housing Com
mittee of the District of Columbia
Defense Council.
Waller Named to Committee.
Earlier in the forenoon session
Wilmer J. Waller, vice chairman anc
cashier, Hamilton National, wa:
elected to represent the District
bankers as member of the Nomi-
mating Committee of the American
Bankers Association, and Ruther-
ford j. Dooley, vice president and
cashier, National Bank of Wash
ington, was named alternate.
District vice presidents for the
four A. B. A. groups were chosen
as follows: National bank division
w. T. Vandoren, vice president and
cashier, Liberty National; trust di
vision, John Saul, executive vice
president, American Security &
Trust Co.; savings, J. M. Rountree
vice president, Security Savings g.
Commercial; State bank, Francis E
Robey, cashier, Bank of Commerct
& Savings.
The guest speaker today was the
Rev. John J. Reilly, director of the
National Shrine, Catholic Univer-
sity, who spoke on mo Funds" He
pointed to misunderstanding that
have often prevailed about banks
and banking. Banks do not riva
the coldness and hardness of the
marble that go to make them up
he said. And in conclusion, he
added:
THE world is suffering now from
q serious shortage, from lack OF
funds that cannot be borrowed
from a dearth of things where nc
collateral can prove a substitute
it is lack of funds in the human
soul, it is a lack of faith, of conf
dence, of hope, and of love in the
human heart, and the world is ir
the fix it is today because the world
is filled with hearts that do not
realize that they need God and not
a bigger loan or a better rate of in
terest."
Institute Work Cited.
John M. Christie, president ol
Washington Chapter, American In.
stitute of Banking, reported high
ly successful year despite the heavy
drain on student enrolment as
junior bankers entered the war
Most of the classes continued
through the year. With so many
new employees in the banks the value
Of institute work is being doubl!
stressed, Washington Chapter being
sponsored by the Bankers Associa
tion.
The forenoon session concluded
with the adoption of extended reso-
lutions offered by Clarence F
Burton, followed by induction o.
the new officers. This part O.
the program drew a large attend
ance, each officer being greeted
with vigorous applause as he took
his place on the platform.
The selection of Mr.. Baird as
third vice president means that he
will be president of the association
four years hence, according to pres
ent custom.
Deposit Gains Seen.
There will be a tremendous fur
ther stepping up of bank deposits
during the coming year," Preston
Delano, controller of the currency
told the convention yesterday dur
ing brief remarks.
He suggested that it will con-
tribute to stability If the banks viii
study their dividend policies care
fully and add to their capital struc.
ture whenever possible.
Bankers are the people who really
are financing the war, he comment
ed. noting that the country look
especially to Washington bankers
Bankers put the meat in the stew
They must be sure they put in
sound piece of beef"
The convention will adjourn from
the Country Club to the Mayf1owel
Hotel tonight for the annual din
ner, the conclave's final event.
R>~&:k n~H>a DInnnoA