Evening star., 1943-09-05


ternational fiscal policy" will be
discussed by speakers from Wash
ington, several parts of North Amer
lea, Central America and England.
Sessions at the Waldorf Astoria will
be Monday, Tuesday and Wednes-
day.
A. Scott Offutt, vice president of
the City Bank and president OF the
District Bankers Association, ex-
poets to leave Washington Friday
to spend a week in New York, at
tending the banking sessions and
enjoying q brief vacation after
wards.
Waller Has Busy Schedule.
Wilmer J. Waller, vice president
and cashier of Hamilton National
Bank, who is expected to be elected
treasurer of the ABA, faces a busy
schedule over next week end. He will
attend a meeting of the important
ABA Priorities Committee late this
week in New York, then will return
early next week on important busi-
ness at the Hamilton Bank, and rush
back to sessions of the ABA. Mr..
Waller also Is member of the
ABA Committee on War Loans.
D. j. Needham, general counsel
OF the ABA, has been busy at his
office here preparing for the con-
ference. AS secretary of the Reso-
lutions Committee he has been re-
ceiving and digesting the mass of
resolutions sent in by the various
banking associations throughout
the country.
The District Bankers have con-
fined their recommendations to in
dorsing Mr.. Waller for ABA treas
urer, and DR.. w. Randolph Bur-
CESS, vice president of the National
City Bank of Detroit, as vice pres
ident of the ABA.
This resolution was adopted at
the June annual meeting of the
District Bankers, on motion of Rob-
ert v. Fleming, president of Riggs
National Bank and former presi-
dent of the ABA.
In view of the fact that Mr..
Waller is the District of Columbia
member Of the Nominating Com
mittee for the conference these rec
concentrations will be formally pre-
sented at the conference by Charles
H. Doing, first vice president of the
Washington Loan g. Trust Co., who
is alternate member of the Nomi-
mating Committee from the District
vVhArrv R;u Eoyo.~I
Banking opinion throughout the
country has been increasing its op-.
position to regional agricultural
credit corporations and in favor of
the Wherry bill which would pro-
vide for the orderly liquidation and
dissolution OF such corporations.
President w. L. Hemingway of
ABA sometime ago complained.
that the RAAC competed with rural
banks. In this connection bankers
have been much interested in the
recent communication sent by the
Federal Deposit Insurance Corp.
to the Senate Banking and Cur
rency Committee declaring that the
Government should not compete
with chartered banking in making
loans.
Many resolutions coming to the
ABA for its consideration at the
forthcoming conference have stress
ed the need for more independent
banking system based on private
enterprise. Among such resolutions
one OF the most strongly worded
came from the Indiana Bankers AS
sociation which declared ''the pres
ervation and perpetuation of a free,
privately owned banking system
was essential"
1t described as menace" to
rural banks lending agencies "or-
ganized, subsidized and fostered by
the Federal Government, such as
the Regional Agricultural Credit
Corp. and the Production Credit
Associations" 1t called on the ABA
to make concerted, vigorous and
aggressive attack" on such lending
agencies which furnish credit to
farmers in competition with rural
banks"
Added to Delegation.
Several additional names have
been added to the recent preliminary
list of those planning to 60 from
this city to the conference. Among
them are Clarence F. Burton, presi-
dent of City Bank; Bruce Baird,
president of National Savings and
Trust Co.; L. v. Lampson, presi-
dent of the Citizens Bank of Ia
koma Park; Waldo w. Young of
Anacostia Bank, and James A. Mes
ser, vice president of Columbia Ma
tional Bank
Among the speakers from Wash
ington will be c. B. Upham, deputy
controller OF the currency and DR..
Harold G. Moulton, president of the
Brookings Institution. Inter-Amer-
1can fiscal policy will be discussed by
Luis G. Legorreta, president of the
Mexican Bankers Association, and
Postwar Financial and Economic
Problems" will be the subject of
Robert Henry Brand of London,
managing director of Lazard Broth
ers & Co. and chairman of the board
OF the North British & Mercantile
Insurance Co., Ltd.
Advertisers to Meet.
Local bank financial advertising
experts are looking forward to the
28th annual meeting of the Finan-
cial Advertisers Association to be
held at Edgewater Beach Hotel,
Chicago, october 10 to 81. Eliot H.
Thomson of Washington Loan 81
Trust Co. dean of the group here,
plans to attend, and is expecting
several others to accompany him.
Warren c. Kendall of this CITY,
chairman Of the Car Service Division
of the Association of American Rail-