Evening star., 1949-06-19
D. {. Bankers Elect
George N. Fisher,
Wind Up Convention
By Edword {. Stone
Ssss Scott Ce~ssspoassnt

w. Va, June is.-Election oI
oficers at the business session
earlier In the day and the IA
famed family dinner" this even.
ing were the concluding highlighti
OF the 3lst annual convention
of the District Bankers ASsocis.
ton at the Greenbrier Hotel
Awarding Of the golf trophie.
aroused great enthusiasm Mt 70.
nights dinner after three days o.
keen competition.
George M. Fisher, senior vict
president OF the Washington Ioar
& Trust Co. was elected associa'
tion president. succeeding Rober,
II. Lacey. Hubert T. Bisselle
senior vice president OF the Rigg.
National Bank. was named firsl
vice president; Walton l.. Sander
son. cashier Of the Hamilton
National. second vice president,
and Albert 8. Gatley. vice presi.
dent. Lincoln National. treasurer
A native of Washington. Mr.
Fisher Is a graduate Of Eastern
High School, the Washington Col.
lege Of Law and Is a member oi
the School Of Banking at Rutgers
He has been with the trust com
pany since 1914. was treasurer IL
years. and Is q director as vel
as vice president. Mr.. Fisher /.
a member of the Board Of Trade
and Columbia Country Club.
Addison Elected.
Elected to the Council of Ad-
ministration were Francis G.. Ad-
olson. jr.. Security Savings &
Commercial: Robert C. Baker
American Security g. Trust Co.:
w. L. Koontz. Anacostia National
and w. Hiles Pardoe. National
Savings 81 Trust Co.
Robert v. Fleming, president OF
Riggs National, was elected to the
Nominating Committee Of the
American Bankers Association To
represent the District association
with A. Scott Offutt. vice presi-
dent. Union Trust Co.. as alter
nate.
J. r. Fitzpatrick. Second Ma
tional. will represent the District
in the National Bank Division OF
the ABA: Thomas J. Norris, Bank
of Commerce & Savings. the saw
ings division. and c. H. Pope,
Munsey Trust, the trust division.
The ABA meeting was con-
Quoted by Sidney r. Taliaferro.
Preston Delano. controller OF
the currency. told the bankers
that there is no drying UP on
loanable funds. Banks are meet
ing sound needs during the pres
ent correction or adjustment. con-
trary. to some reports. loans by
country banks have even shown
an increase recently, although
they have fallen of in reserve
cities.
Norris Conducts Panel.
Richard A. Norris. chairman of
the Program Committee. con-
Quoted the panel on credit In
which Warren r. Foster, Francis
G. Addison, jr.. and II. T. Bisselle
were called upon to answer many
questions from the floor.
Resolutions. offered by Chair
man Thomas j. Groom. urged
reduction In Government
expenditures. especially In the
domestic field. Such retrench-
ment would make higher Federal
taxes unnecessary. Continuance
OF the dual banking system was
urged.
A standing tribute was paid to
the late Harry G. Meem, for many
years president Of the Washington
Loan q Trust Co.
A telegram Of greeting was sent
to L. Bert Nye. who missed the
convention for the first time
in 81 years.
The party returns to Washing
ton late tomorrow evening.
Bisselle Is Native.
Mr.. Bisselle. first vice president
Is another native OF Washington
and has degrees from George
Washington University. Graduate
School Of Banking and the
American Institute Of Banking
He has been with Riggs since 1920
Is active in the Washington Associ-
alton Of Credit Men, Better Busi.
ness Bureau, Robert Morris Associ.
ates and a director in important
business firms.
Walton L. Sanderson, second
vice president, was general con-
vention chairman this year. He
too. was born here, educated al
Eastern High, American Institute
OF Banking and Graduate School
OF Banking. He holds q brilliant
record for work in the banking
institute. being q former president
Of Washington Chapter and men,
Der Of the national council Mr.,
Sanderson started in banking in
1922 rs a messenger. He is q
member Of the Board of Trade, a
Mason and q Baptist.
MIR. Galley is starting his 37th
year as association treasurer. He
has been connected with the Lin