Evening star. [volume] (Washington, D.C.) 1854-1972, 1946-02-14
Bankers Convention
Program 10 Stress
Aidfor Veterans
By Edword G. Stone

By Edword G. Stone
David T. Scott, national president
of the American Institute Of Bank
ing, has announced the program for
the 43d annual convention to be held
in Cincinnati June 1918, which viii
be attended by Thomas ]. Morris
president OF Washington Chapter,
and large delegation OF members,
The program stresses aid to vet
Grams, postwar education for bank
ers and re-establishment Of insti-
tute conferences. This will be the
first big ALB gathering since 1942,
all restrictions for attendance hay-
ing been removed.
The national public speaking con-
test again will be convention high
light, Stephen o. Porter Of the Riggs
National Bank being chairman OF
arrangements. Departmental con-
ferencss, open forums and the an
nual election Of officers viii require
the attention Of delegates.
Eastern Names New Director.
j. Chester Pyles, jr, vice presi-
dent of the City Bank, was elected q
director Of the Eastern Building and
Loan Association at the annual
meeting. william N. Payne, jr., was
reelected president; Charles A.
Garry, vice president; r. Edward
Early, secretary-treasurer; James A.
Donohoe, jr., assistant secretary;
Thomas r. Harrison and Jerry s.
Davis, assistant treasurers; Herman
Schwertner, auditor.
Directors include Walter M. Bas-
tan. T. Earle Bourne, MIR. Garry,
Osbourn Owings, Mr.. Payne, Mr..
Pyles, ST.; Mr.. Early, s. Dolan Dono-
hoe and Mr.. Pyles, jr. The annual
report showed resources at q new
high Of $4,000. 600.
Railroad Earnings Decline.
Glass railroads in the Southern
region in 1945 had an estimated net
income, after interest and rentals,
Of $4,000 900, compared with $97,-
100000 in 1914, the Association Of
American Railroads has announced.
The same roads reported net rail-
way operating income Of Sis, 1881
against $163 ,226,36 in 1914. Operat-
ing revenues totaled 81, 22e, 534, 6l1, q
z per cent decrease, while operating
expenses totaled $3.50, 06o, TIT, an in
crease OF IL per cent over 1914.
Treasury Bonds Called. =.
The outstanding issue Of $SlS, 62H-
900 q. S. Treasury 3h per q /
bonds of 1863 have been ca16
for redemption on June is next and
the issue 81, OBS ,S73 400 Of 8 per cent
U. S. Treasury bonds of 1868 have
also been called for redemption on
the same date, Secretary Vinson an
nounced today.
The Penn Mutual Life Insurance
Co. has named the Carey Winston
Co. as mortgage loan correspondents
for Metropolitan Washington, the
firm being located at 739 18th street
NV.
Financial District Comment.
Thomas j. Groom, president of the
Bank OF Commerce and Savings, viii
return shortly from a visit to Sea
Island, Ca, and Mobile, Ala.
David Hendrick, senior partner
in w. B. Hibbs & Co., is basking
in the sunshine at q Florida resort.
1t. Comdr. Howard j. Murf1n, u. S.
N. R.. who was in the public rela-
tions Office of the Undersecretary of
the Navy during the war, has re-
Joined Doremus & Co.
Gray Iron Founders Society Of
Washington and Cleveland has
named William w. Coutts executive
vice president, succeeding w. W..
Rose, who retired because Of Ill
health. Mr.. Coutts was ut one time
with the OPA.