Evening star., 1942-01-28
Bankers 10 Attend
Midwinfer Trust
Conference
About 20 Finunciers
From Capitol to Go
To New York
By EDWARD C. STONE.


American Bankers Association.
be held in New York February s.
1t was learned in the financial di.
trict today.
Among those who have alreao
made reservations are T. Stanle
Holland, John Saul and Frank n
Perley, American Security & Tru'
Co.; Erskine Gordon, Hamilton Ma
tional; Ralph S. Wilson. Nations
Bank of Washington; Bruce Bair'
William B. Willard and J. Fontair
Hall, National Savings g. Trust Co
Robert V. Fleming and Sidney ]
Taliaferro, Riggs National; John !
Reilly, Edward F. Colladay an
William B. Wolf, Second National
j. Wesley Clampitt, jr., William {
Dieter, Union Trust Co., and Stan
ley D. Willis, National Metropoli
tan.
D. J. Needham, general counSt
of the American Bankers AsSocia
ton, and j. c. Brott, assistant gen
eral counsel, will also be preser
from Washington headquarters. Tn
presiding officer will be Richard c
Stockton. Winston-Salem, n. c., VIII
Is president of the trust division @
the A. B. A.
( The program has been develope,
around the theme of adapting tn
trust business to wartime condi
tions. The speakers include Henr,
w. Koeneke. president of the A. E
A; Walter P. Armstrong, presiden
American Bar Association; Paul F
Cadman, A. B. A. economist; Cir
suit Judge A. M. Dobie OF Rich
mond, Va, and many others.
Bond Sales Total 81 1896 900.
Representatives from 21 of the 2
associations comprising the Distric
of Columbia Building and Loar
League, meeting at the Raleigh Ho
tel yesterday for the monthly
luncheon, heard Wilfred H. Blanz
president, praise the members fol
the active part they are playing
in the distribution of United States
Defense bonds.
According to Mr.. Blanz, the vari-
Gus associations disposed OF over
$500 900 worth of securities to Gus
toners up to the middle of Decem-
ber. Following the war declaration
the member units began to mer-
chandise the bonds aggreSsively and
succeeded in selling nearly 5000 900
worth during the following four
weeks for a grand total of 81 1896 900.
The 18th annual banquet of the
league, to be held Saturday evening
at the Mayf1ower, will attract over
600 guests, Martin A. Cook, gen.
eral chairman, disclosed. Reception
Of officials from Congress, Federal
Home Loan Bank and other Govern
ment financing agencies will begin
the festivities at $50, preceding the
dinner. ]. Hawley Smith, entertain
ment chairman, announced that an
unusual floor show will be staged
followed by dancing.
Other Cities Lead Capital.
Washington's per cent gain ir
new life insurance written in De-
cember seems tame side of some
other records. Philadelphia had q
gain Of SO per cent over December a
year ago: Cleveland, 70; New York
72; Boston, 81; Chicago, 81; Detroit
46; Los Angeles, 56, and st. Louis
38, according to the Life Insurance
Research Bureau at Hartford.
However, this city's per cent
gain for the year is much closer
to the other cities. Boston reported
a II per cent gain, Chicago 3, Cleve-
land IL, Detroit %, Los Angeles IA
New York 6. Philadelphia IA ano
st. Louis 4 per cent.
Insurance men here say that the
demand for life insurance took a
tremendous jump after the Japa-
nese attack on Pearl Harbor. A
times during l94l business Jagged
this accounting for the modest year.
ly showing.
Five Banks in Biggest List"
Five Washington banks are in
cluded in the list of the 300 largest
banks in the country announced to-
day by the American Banker, which
makes a compilation of this kind
every year.
The Washington banks are Riggs
National, No. 81 in the list; Ameri-
can Security g. Trust Co., 1873;
Hamilton National, 221: National
Metropolitan, 230. and Washington
Loan & Trust, 269.
The Chase National remains the
largest bank in the United States,
National City standing second and
Guaranty Trust third. Bank OF
America Is fourth and Continental
Illinois fifth.
Snyder Explains Tax Details.
G. R. Snyder, of Snyder, Farr &
Co., certified public accountants, ad-
dressed the Clearing House Associa-
ton of Loudoun. Fauquier and
Prince William Counties, Va, last
evening at the Warren Green Hotel
in Warrenton on the subject, Fed
eral Income Taxes as Applied tc
Banks" Mr.. Snyder explained ir
detail the various steps necessary fol
a bank to take in making correct
return of declared value excess
profits tax, excess profits tax, normal
tax and surtax.
Woodrum Insurance Director.
Clifton A. Woodrum, of Roanoke
Va, Representative in Congress
since 1923, was elected a director Of
the National Life Insurance Co., al
the annual meeting of the policy
holders at Montpelier, VT, yesterday
it was announced here today. He Is
a policyholder and was a colleague
of Ebert S. Brigham. president o1
the company, when Mr.. Brigham was
a Representative in Congress. An ex-
pert in fiscal matters, he is the first
member of the board from the
South.
Addison to Push Bond Sales.
Francis G.. Addison, jr., president
Of the Security Savings & CONNER.
cial Bank, will speak over Station
WRC tomorrow night at 11:15 in the
Defense bond sales campaign, as
representative of the District Bank.
ers Association. These radio talks
by bankers are drawing wide atten-
ton.