Evening star. [volume] (Washington, D.C.) 1854-1972, 1949-06-15
D. T.. Bankers Leave
Today for Meeting
AT White Sulphur
By Edword G. Stone

About $50 bankers and guests
are leaving here at 4 o'clock this
afternoon for White Sulphur
Springs, w. Va, to attend the 3lst
annual meeting Of the District
Bankers Association, which opens
q three-day session tomorrow. A
hundred other financiers win go
by moter, setting O new attend
ance record for out-of-town meet
ings. The c. g. o. special will be
In charge of James B. Edmunds.
At the opening session, Robert
". Lacey will give an account of
his stewardship as president OF
the association; Representative
Short, Republican, Of Missouri
will speak on Economy and Gov
eminent Spending" and Herbert
D. Lawson will gum UP the activ-
tiles of Washington Chapter.
American Institute Of Banking,
during his year as president.
Fridays business session In
cludes addresses by Thomas r.
Reid of Mccormick g.. Co.. Balti-
more, on Human Relations" and
RAYMOND Rodgers, professor OF
banking. New York University.
Saturdays program calls for the
annual election Of officers, nam
ing of ABA officials, many reports
and the famous family dinner at
which the golf cups are awarded.
A round of other social events will
make every minute count.
Hamilton Lifts Surplus.
Hamilton National Bank di-
rectors have authorized transfer
of $3.50 900 from undivided profits
to surplus, which will make the
capital $1,750.000; surplus. 81
$50, 900; undivided profits. $l,05s,-
900.
National Bank Of Washington
directors today declared the reg
ular semi-annual dividend Of SO
per share, payable July to stock
holders of record June "a.
Directors of the Union Trust
Co. have declared the regular
semiannual dividend Of So. or
SO cents O snare, payable July 10
to stockholders of record June 80.
The Southern Oxygen Co.. Inc.
has voted the regular dividend OF
SO cents per share, on the COM
mon stock, payable June 80 to
stockholders of record June 20.
Haddock Heads Purchasers.
Davis s. Haddock, vice presi-
dent and purchasing agent OF the
A. 3. g. w. Transit Co., has been
elected president of the Purchas-
ing Agents Association Of Wash
tngton; Charles w. Fellows. pur-
chasing agent, Federal Reserve
Bank of Richmond. vice president;
e, Leon Wirts. supply manager.
washington Institute OF Tech
nology, secretary-treasurer.
Directors: Spencer Convey,
Bowen e. Co.: Allen A. Green
street, National Savings g. Trust
Co.; x. M. Pardoe, Capital Tran
sit Co.: James Scammahorn. Ag-
riculture Department: Clyde H.
Matthews, Treasury Procurement.
Gain Shown i'm Savings.
The United States Savings and
Loan League reports a substantial
first-ouarter gain in individual
savings due to some apprehension
about the future and to postponed
buying in the face Of declining
prices" /
Six members Of the Mutual
Benefit Life agency have qualified
for the company convention at
Bedford Springs June 1925. They
are Ralph M. Bogart. John j.
English, r. r. Hibben, L. A. lie
Buffe, @. L. Naramore and r. w.
Tharp.
Virginia will send 40 bank
officers to the Graduate School OF
Banking at Rutgers; washington
81 and Maryland Z.
State and municipal financing
in May totaled $685.. 298.085 vs..
$lee, 140.764, the Daily Bond Buyer
reports.
The SEC will have hearing on
June % on the North American
Co.'s proposal to sell 109. 458 shares
of Capital Transit stock to Florida
investors.