Evening Star Newspaper, June 11, 1927, Page 12

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g2 ™ W. W. SPAID NAMED B TOHEAD BANKERS D. C. Organization Chooses § Complete Official Board at Hot Springs. [# BY EDWARD C. STONE, Y Staff Correspondent of The Star. HOT SPRINGS, Va., June 11.—W. W. Spaid, partner in the brokerage firm of W. B. Hibbs & Co., was unani- mously elected president of the Dis- trict of Columbia Bankers’ Association at the closing session of the ninth an- nual convention here toda: Robert V. Fleming, president Riggs National Bank, was chosen first vice president; Wilmer J. Waller, vice president Fed- eral-American National, second vice president; Lanier P. McLachlen, pre dent of the McLachlen Banking Co poration, secretary, and Albert S. Gat- jey, vice president Lincoln National Bank, treasurer. Frank J. Hogan was again asked to serve as counsel. ‘With Mr. Fleming presiding, the convention today heard a grist of re- ports on the work of the past year. Keen interest was displayed in the re- Port of the committee on commercial activities given by Victor B. Deyber, the work being carried on by four groups. Howard Moran was chairman of the real estate and building group: Fernan Petit, finance and mortgage companies; Lawrence A. Slaughter, automotive trade and finance, and Mr. Fleming, merchants and manufac- turing. D. C. Building Statistics. The report of the committee on real estate and building matters in Wash- ington showed a decrease in the num- ber of structures in 1926-1927 of 2,354 compared with the preceding year. There was a drop of 1,120 in the num- ber of permits issued and a slump of $12,680,132 in the total value of the new buildings. The Operative Build- ers' Association furnished the commit- tee with figures showing that during the first four months of this year there were much fewer apartments and houses built than during the cor- responding period last vear or in 1925, - $14,656,045. The report s: “It is with distinct regret that your committee notes the increasing num- ber of vacant stores for rent and sale &nd the large number of apartments which are for rent, and, in fact, this condition has spread somewhat in resi- dential properties. The committee is gratified to note that there is some- what of a reduction in the volume of building, and feels confident that if the builders of the city will stand firm in reducing the volume of building, for & short time at least, the continued increase in population will soon ab- sorb this apparent overproduction and conditions will again be satisfactory. “Your committee is also very opti- mistic over the growing interest dis- played by people all over the country in the contemplated building program of Congress, which will be of great benefit to the business interests and banks of the city, as it will give em- ployment to all classes of mechanics who are now idle, and in addition speed up the business of material and supply houses.” Report on Real Estate Presented. The committee reported that the de- velopment of finance and mortgage companies in Washington has to a large extent been in the hands of men of “Integrity, knowledge and long ex- perience.” The report of real estate men who recently studied real estate bond issues from a national viewpoint ~—the findings being published in The Washington Star recently—was pre- sented to the convention. The condition of the automotive trade In Washington was considered at length. The committee scores too much installment buying, favors the separate handling of used cars and new cars, notes growing competition, and concludes that 1927 will be a good year, but not quite up to 1926. “Department store sales,” the re- port says, “for the first four months of this year have been slightly lower than in the corresponding period of 1926. Commercial failures have in- creased, but the difference between assets and llabilities has been much smaller. The city is showing steady gains in the volume of manufacturing and the number of trade organiza- tions establishing headquarters in ‘Washington is constantly on the in- crease.” Other reports presented included that of ‘the auditing committee, John M. Riordon, chairman; fradulent se- curities, Eugene E. Thompson, chair- man; law and legislation, Francis G. Addison, jr., chairman; unprofitable accounts, John Poole, chairman; stand- ~rdized banking forms, Edward J. Mc- uade, chairman; standardized bank- ing insurance, L. P. McLachlen, chair- man; Treasury relations and taxation, 2. V. Fleming, chairman; advertising, Eliot H. Thomson, chairman, and pub- licity, F. P. H. Siddons, chairman. The advertising committee’s report revealed that the Christmas savings club campaign had been a great suc- cess. There are 78,145 enrolled this year, against 73,615 in 1926, the amount subscribed being $5,994,903, compared with $5,472,428 a year ago. The work of most of the other com- mittees has been of more vital con- cern to the banks than to the general public. Steady advancement has been made toward obtaining standard bank- ing forms in all the District of Colum- bia banks, the Treasury relations committee brought about more satis- factory rules in regard to damaged coin, the monthly bulletin is to be en- larged and improved next year, while the association’s employment service, conducted at headquarters, is proving more and more useful to the commer- cial interests of the city. SEES SPECIAL SESSION OF CONGRESS ADVISABLE Representative Tilson Says Work Could Be Cleared Away in Ad- vance of Party Conventions. By the Associated Press. PORTLAND, Preg., June 11.—That @ special session of Congress begin- nire in October. might be advisable, to clean up work before next party conventions, was the opin- ressed by Representative John 7 of Connecticut, Republican of the House, on his ar- 1st night from Seattle. ive Tilson said he was ree with Senator Smoot a8 probably should meet a tiere will be a good deal to do in n,” he said, “and a x weeks in the Fall might it up. Next year is a presiden- vear, and we ought to make sure t everything is out of the way by ue.” 3 FIRST-DEGHEE MURDER. Confessed Slayer of Colorado State Senator Faces Charge. DENVER, June 11 (P).—District | Foster Cline announced that Joseph B. Minter, con- r of State Senator Albert Attorney Bogdon, would be charged with | st-degree murder. district attorney in giving the reason for his contemplated action in making the charge against Minter, said, “there is a discrepancy between the stories of Minter and his wife.” I Heads D. C. Bankers | W. W. SPAID. REUNION T0 OPEN b. U. EXERCISES Alumni and Students of Hill- top to Meet at Dinner Tonight. Hundreds of Georgetown University alumni and students will meet at the Hilltop tonight at 7 o'clock for the opening of the 128th annual com- mencement program. A reunion dinner for the alumni and class day exercises will feature the activities at the college tonight, while at the Cosmos Club the staff of the Georgetown Law Journal will dine and hear Associate Justice Willis Van Devanter of the United States Supreme Court, the principal speaker at_that affair. Frank J. Hogan, national president of the alumni, will be_toastmaster at the reunion dinner at 7 o'clock, which will be followed by the senior class day exercises in the quadrangle. Francis B. Delehanty of New York will deliver the valedictory.! Tomorrow morning at 10:15 o'clock the baccalaureate services will be held in Dahlgren Chapel, with Rev. Robert L. Gannon, '13, of Woodstock College as the preacher. The president’s re- ception will be held at 4:30 o’clock in the afternoon. Senator David I. Walsh of Massachusetts will be the commencement day speaker, the ex- ercises beginning at 4:15 o’clock Mon- day afternoon on the campus. Seniors at the Law School last night held their class day exercises in ad- vance of the opening of the regular commencement program. The feature of these exercises, attended by the senior class faculty, was the presen- tation to the school of a generous check as a gift from the class. In presenting the check to Dean George E. Hamilton, the class spokesman, George Schroeder, saild it was to equip one of the class halls as a model courtroom, with a judges’ bench and bar, for the use of future classes in court procedure and for the parliamentary sessions of the various law clubs, George Shedan, class president, pre- sided at the exercises. The students who took part in the program were Raymond Cushwa, class history; John Meaney, class reminiscences; Thomas Cleere and Joseph Di Leo, class will, and Vincent Downey and Stephen Szabados, class prophecy. The pro- gram_concluded with bachelor’s ora- tion by John Thoma and the class valedictory by Barron Fredericks, jr. Harry Connaughton, Georgetown’s only all-American foot ball guard and sergeant-at-arms of the class, received an ovation from his fellow class- mates. He will receive his diploma Monday. The class faculty members who at- tended last night were Dr. Hugh J. Fegan, assistant dean; George C. Aukam, Frederick J. de Sloovere, Rev. Owen J. Hill, S. J.; Charles A. Keig- win, Robert A. Maurer, Willlam J. Price and Charles W. Tooke. The committee in charge of the exercises consisted of George Baldt, Victor Co- lombo, George Eastment, Leonard Ganse, George Gumina, John Mona- ghan, Clement Reap, Joseph Spinnato, Major Vogel and Lowrence Weigand. World Population Doubles. ‘The greatest single change of the past 100 years has been the rapid ircrease in the number of people in- habiting the earth. During that time the population of the world nearly doubled. A century ago it was less than one billion. Today it is about 1,700,000,000.—American Magazine. For Porch Floors sgkers PAINT, 1 Gal. $1.85 Cralg & Hook, Ine.. trading as BECKER PAINT & GLASS CO. 1239 Wisconsin Ave. West 67 LINDBERGH Will not be at HERALD HARBOR THE PALISADES On-the-Severn THIS WEEK-END But hundreds of Washingtonlans be there to take advantage of the Bathing, Boating, Dancing, Fishing and Comple: piento Groves o S Detense and rain_Highways DRIVE OUT: The “cageless counters” are so open—so pleasant for transact- ing all banking business. The FEDERAL-AMERICAN created this new arrangement (. permiT 52, NS {TheBest Oilin ‘When you use AUTOCRAT Motor Oil, you don’t drain the crank case again for 1,000 miles —1,000 of the sweetest miles you ever drove. THE OIL THAT IS DIFERENT FROM ALL OTHERS Beware of Substitutes At Good Dealers Everywhere Baverson Ol Works. Columhia K298 SN e o THE TVENING STAR,” WASHINGTO! 16 ARE DISMISSED AT TRAFFIC OFFICE Employes Ordered Dropped on Recommendation of Director Harland. Dismissal of 16 of the 28 employes of the Traffic Department on July 1 has been ordered by the District Com- missioners upon the recommendation of Traffic Director Willlam H. Har- land, it was revealed today at the District Building. The order was issued Tuesday, but found its way into the “NFP” files, which in District Building parlance. means ‘not for publication.” The dismissals, it was sald by Com- missioner Proctor L. Dougherty, were based on efficiency ratings, which were marked by Assistant Director M. O. Eldridge and approved by Mr. Harland. As one of those to be dismissed is a veteran employe who was called in by the Bureau of Efficiency when it began its investigation of the irregu- TR A SHRRRRRNNK 3434348488 $55504848434¢ 443 34342585350 200040 40404848 4848480000808 8 TRUST I larities in the Traffic Department in connection with the purchase of auto- matic traffic signals and accessories, Herbert D. Brown, director of the bureau, intimated that he contem- plated an investigation of the efficiency rating of this employe, “QVEREATING” SCORED. Surgeon Mayo Says Many Ameri- cans “Dig Graves With Teeth.” JOPLIN, Mo., June 11 (#).—"Over- eating is what is wrong with the American people, and many of them are digging their graves with their teeth,” in the opinion of Dr. Charles W. Mayo, noted surgeon and one of the founders of the Mayo Institute. Dr. Mayo and his wife are here for the wedding today of their son, Dr. Joseph Graham Mayo, to Miss Ruth Rakowsky, prominent Joplin soclety girl and daughter of Victor Rakowsky, wealthy mine owner. o Protests Freight Rate Ruling. CHARLESTON, W. Va., June 11 (#).—The West Virginia Senate adopt- ed a resolution yesterday to memorial- ize Congress in the name of the peo- ple of the State, protesting against the recent ruling of the Interstate Commerce Commission in the lake cargo coal case, under which freight differentials were increased in favor g(’mlhe Pennsylvania and Ohio coal elds. OFFICERS CHARLES C. GLOVER Chairman of the Board ROBERT V. FLEMING President WILLIAM J. FLATHER Vice President CHARLES C. GLOVER, JR. Vies President AVON M. NEVIUS Vice President GEORGE 0. VASS Vice President and Cashier H. G. HOSKINSON Vice President EARLE M. AMICK Assistant Cashier F. G. BURROUGH Assistant Cashier NELSON B. O'NEAL Assistant Cashier B. GWYNN DENT Assistant Cashier GEORGE F. RAINEY Assistant Cashier RAYMOND G. MARX Auditor 1. J. ROBERTS Secretary to the President DEPARTMENT FRANK J. HOGAN General Counsel and Trust Officer GEORGE M. McKEE Assistant Trust Officer KENNETH F. BROOKS Assistant Trust Officer DIRECTORS CHARLES C. GLOVER WM. J. FLATHER H. ROZIER DULANY STERLING RUFFIN CHARLES C. GLOVER, JR. LOUIS E. JEFFRIES JOHN S. LARCOMBE HENRY B. SPENCER JULIUS GARFINCKEL FLEMING NEWBOLD €. POWELL MINNIGERODE ‘WM. M. RITTER HARRY F. CLARK FRANK J. HOGAN RANDALL H. HAGNER ROBERT V. FLEMING COLEMAN JENNINGS JOHN OLIVER LA GORCE ISAAC T. MANN EDMUND D. RHEEM KARL W. CORBY ADVISORY COUNCIL OF THE BRANCHES CHARLES C. GLOVER, JR. ROBERT V. FLEMING AVON M. GEORGE 0. VASS DWIGHT CLARK CHARLES H. TOMPKINS WILLIAM H. DONOVAN ARTHUR CARR CHARLES T. CLAGETT JOHN OLIVER LA GORCE CHESTER H. WARRINGTON PERE A. WILMER JOHN D. RHODES BERTRAND H. ROBERTS HERBERT L. DAVIS LOUIS E. JEFFRIES HILLEARY G. HOSKINSON NEVIUS NELSON B. 0’'NEAL GREGG C. BIRDSALL JAMES M. BEALL WILLIAM C. MILLER 23 ) FRANK P. MORSE GEORGE F. RAINEY ~D.*C.~ SATURDAY,” JUNE_1T,” 1077.i. ~ EDITORS WILL FILL PULPITS IN OMAHA Newspaper Men Will Tour Black Hills and See President During Convention. By the Associated Press. OMAHA, Nebr., June 11.—News. paper editors and publishers who will gather for the annual get-together meeting of the National Editorial Association, will fill the pulpits of 20 Omaha churches Sunday, speaking on the relation of church and press, More than 1,000 newspaper men are expected bere for the convention a feature of which will be a Black Hills tour by special train to western Nebraska and South Dakota. The special leaves Omaha at midnight June 14. and returns June 25. A trip will take the editors to the State Game Lodge near Custer, S. Dak., to meet President Coolidge at his Summer home. On the speaking program here are Francis G. Blair of Springfield, IIL, president of the National Education Association, and Govs. McMullen of Kans., publisher; former Gov. W. P. Harding of Iowa, president of the Great Lakes-St. Lawrence Waterways PR PP YRR RPLY Association, and Gov. McMullen of Nyrraska, and Christensen of Minne- sy . I-URANCE YIRM SEEKS TO CANCEL HICKS POLICY Fraud Is Charged in $150,000 Ac- tion Involving St. Louis Attor- ney Mysteriously Slain. By the Associated Press. ST. LOUIS, June 11.—Suit to resist payment of $150,000 life insurance ob- tained by Clifford M. Hicks, attorney, who was mysteriously slain April 30, was filed in Federal Court yesterday by the National Life Insurance Co. of Vermont, which alleged fraud, The petition allegas Hicks obtained the policies by frawlulently conceal- ing from the company that he was “customarily and habitually engaged in questionable, irregular and illegal business transactions,” and that he was “engaged in misappropriating to his own use funds belonging to others” and that he was “intimately associ- ated in business t ctions with felons and lawbreaker: Hicks, the suit continue: signedly procuring insurance upon his lifo from various companies in large sums, the aggregate of the premiums for which was far beyond his ability to meet from any legitimate source of income.” CONSIDER WATSON PLEA. Chief’s Recommendation for Hous- ing No. 14 Given to Committee. A recommendation of Fire Chief George S. Watson that No. 14 Engine Company be moved from its present quarters, on Eighth street between D and E streets, to a site on the south side of Louisiana avenue between Four-and-a-half and Sixth streets was referred by the Commisisoners yester- day afternoon to a special committee which is considering the question of rehousing the District activities in the Pennsylvania avenue triangle area. The site proposed by Chief Watson is owned by the District. In this new location, he said, the fire apparatus would not be handicapped by traffic when responding to an alarm. Occasonally. gratitude s found elsewhere than in the dictionary, says th> Canton News. CORNS Quickrelieffrompainfal corns, tender toes and pressure of tight ehoes. JEAN ACKER IMPROVES. Valentino’s First' Wife in Hospita After Operation. NEW YORK, June 11 (#).—Jea Acker, first wife of the late Rudolpl Valentino, is recovering from an op eration for appendicitis in the Harbo Sanitarium, it was learned last night Miss Acker came to New York las week en route for Europe to close ¢ contract calling for her appearana in a new theatrical production. The operation was performed Mon day. Her physiclans said tonight tha Miss Acker was improving. o Take your youngsters for a ride around the Tidal Basin ON THE SWAN BOAT and less fortunate children will bene- fit_through THE CHILD WELFARE SOCIETY (Tidal Basin, Foot 17th St.) Adults, 25¢ Children, 10c A P A A S the dauntlessness of Lindbergh knew but " one direction—ONWARD, the growth of The Riggs National Bank through the flight of years - continues triumphantly onward. DEPOSITS as of JUNE 1503 PENNSYLVANIA AVE! DUPONT CIRCLE 1913 Massachusetts Avenue N. W. NORTHWEST Cor. 18th St. and Columbia Rd. 1915—$8,727,562.98 1916 — $9,913,947.90 1917—$12,466,178.45 1918—$17,717,000.00 1919—$23,738,131.63 1920—$21,695,008.11 1921—$22,301,403.74 1922—$24,642,838.03 11923—$24,311,412.60 1924--$27 467,245.17 925—$33,098,883.75 1926—8$42,819,996.68 1927—$45,245,551.44 . FIVE CONVENIENT LOCATIONS - 3 Main Office Branches NUE N. W.—OPPOSITE U. 8. TREASURY - 14TH AND PARK ROAD Cor. 14th Street and Park Road SEVENTH & EYE STREETS Corner Seventh and I Sts. N. THE Riccs NATIONAL BANK OF WASHINGTON, D. C. . Resources over 2 ol A QP R - - $50,000,000

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