Evening star., 1945-10-14
Bankers 10 Discuss
Victory Loan Plans
Al Luncheon
By HAROLD b. ROGERS.


BY HAROLD b. ROGERS.
Plans for the campaign to sell VIC
ory Bonds to banks and their en-
oloyes in Washington will be laid
before the Victory loan luncheon Of
he Banking Division of the District
War Finance Committee at 1890
)m. tomorrow at the Mayf1ower
Hotel.
Thomas j. Groom, president Ct
the Bank of Commerce & Savings,
who is chairman of the division, will
preside, and the gathering will be
addressed by Wilmer J. Waller, pres
dent of Hamilton National Bank,
who is chairman of the District War
Finance Committee There will be
general discussion of the compre-
nensive program already developed.
Mr.. Groom's committee of 20 has
been busy preparing for the drive
through all the banking institutions
of the city. Most of the bank presi-
dents of Washington and a large
of the so-called key men"
from the banks will attend.
Quota Is S57, SOC, 900.
The quota for the Banking Divi-
sion in the campaign to start Oc-
tober 20 is s57, 500 900, which is 81
per cent of the District of Columbia
quota of $85 100000. The national
goal for the Victory loan is S11 ,000,-
600 900. The Banking Division quota
here is broken down into $39 000, 900
for corporations and $18,500 900 for
including $6,500000 in
E bonds.
Mr.. Groom also is acting in his
capacity as Washington representa-
tive in the American Bankers Asso-
citation Nationwide campaign to
help put over the Victory loan. Mr..
Groom represents here the ABA
Committee on War Bond Drives. of
which Francis NJ Knight of Chicago
is chairman. Mr.. Groom will CO.
ordinate the program of the national
association with that of the District
Bankers Association, Treasury war
finance officials and other groups
here, said an official ABA statement
from ABA national headquarters.
In this connection it was an
nounced the War Advertising Coun-
Gil, acting for the Treasury, has
mailed each of the banks portfolio
of advertising layouts which are
available free in mat form and
which any bank or group of banks
can sponsor in their local news
papers to promote the Planned
Spending and Saving" program in
their own communities.
Meantime Mr.. Waller has been
conferring with many other groups
throughout the city which are max
ing plans to promote the Victory
loan campaign in their own fields.
Association Will Meet.
Bruce Baird, president of National
Savings & Trust Co., who returns
today from his vacation, will preside
at the fall meeting of the District
Bankers Association at 8 pm. to-
morrow at the Mayhower Hotel.
Principal speakers will be Herbert
U. Nelson, executive vice president of
the National Association of Real
Estate Boards, and Francis K.
Pavich, chief of the Loan Guarantee
Division, Veterans Administration.
Plans for the meeting have been
completed under direction of S. Will
liam Miller, president of Union Trust
Co, who is first vice president of the
association.
Electricity Sales Lag.
Kilowatt-hour sales of electricity
OF the Potomac Electric Power Co.
decreased from 123,016844 in Sep
tember, 1914, to 122658,272 in Sep
tember, 1945, or .29 per cent, it was
announced last night.
A decrease of 5.61 per cent in sales
to railroads and railways, and of
l.31 per cent in public street and
highway lighting offset an increase
OF % per cent in ''other sales"
Hamilton Rights Exercised.
Facing a deadline of II noon to.
morrow, stockholders of Hamilton
National Bank called at the bank
and its branches in large numbers
yesterday to act on their rights to
purchase new stock in the institu-
ton.
The rights expire Monday noon
and must be exercised before that
time, Bank President Waller en-
phasized. Any mail orders to pur-
chase new stock with rights at $50,
or to sell the rights which are bring
ing about SO each, must be in the
hands of the bank or brokers on or
before noon sharp, he emphasized.
Mail received after that hour will
not be in time.
The 25 per cent dividend to stock
holders as of record September IL
will be distributed after the business
of handling the rights has been dis
posed of.
Folger Address Studied.
Much interest is being shown in
the financial district here in the ad-
dress delivered in st. Louis Friday
by J. Clifford Folger of Folger, Nolan
& Co. in his capacity as president
of the Investment Bankers Associa-
ton of American.
Urging Congress to make bonds
of bottle the Breton Woods bank
and the Export-Import Bank ex-
empt from registration with the
SEC, Mr.. Folger also recommended
enlargement of the Foreign Finance
COUNCIL.
This council has been set up to
coordinate foreign lending to in
clude representatives of the insur-
ance companies. savings banks, for
elgn bond holders and commercial
and investment bankers. It now
includes the heads of the Treasury.
State and Commerce Departments,
the Federal Reserve System and the
Export-Import Bank.
After a leave of absence Of two
and a half years on military service
overseas, Robert B. Morris has re-
turned to the staff of the Hamilton
National Bank and is stationed at
the Dupont Circle branch. In Eng
land he dlsbursed funds with the
115th Finance Disbursing Section
and attained the rank of staff SER,
geant.