Evening Star Newspaper, November 12, 1936, Page 7

VIRGINIA BANKERS HEARR. V. FLEMING Business Recovering, Riggs Heads Says—Advises Friendliness. B9 & Btaff Correspondent o~The Btar. ALEXANDRIA, Va. November 12, =+ Business, without question, is re- eovering,” Rcbert V. Fleming, im- mediate past president of the Ameri- ean Bankers' Association, told more than 225 members of Group 3, Vir- ginia Bankers' Association, at their twenty-eighth annual meeting here yesterday. At the same time he warned of the dangers of high taxes “which can be- come deflationary,” and of “a clamor and demand” for more banks as busi- ness recovers. “Barring that, T think we are in for 8 good period of years,” Fleming, who 1s president of the Riggs National Bank in Washington, declared. To prevent failures, additional banks should not be chartered unless there s need for them in communities shown to be without adequate bank- ing service, he pointed out. “Bankers should take unusual steps o be friendly with the public,” Flem- ing said in urging the members of the Virginia Banking Association to join & Nation-wide move to overcome prejudices against banks that are a result of the depression. Quotes from Survey. He quoted from a recent national survey to show that “58 per cent of the country’s bankers believe the pub- lic has an unfriendly attitude toward them,” and that more than 50 per cent of the people feel that banks in communities are not “pulling their own weight.” Fleming cited the example of the Riggs Bank in starting courses in public relations for its more than 300 employes and advised other banks or groups of banks to institute similar features. The speaker was introduced by George E. Warfield, executive vice president of the First National Bank of Alexandria. Previously the group elected 8. H. Smith, cashier of the Shenandoah County Bank & Trust Co., Wood- stock, as chairman for 1937, and named T. E. Sebrell of the Clarendon Trust Co. vice chairman. Committee Members. As members of- its new Advisory Committee the group named E. W. Cox, cashier of the Pirst & Citizens' | Bank & Trust Co., Monterey; Frank | 8. Driver, assistant cashier of the | Augusta-Buckingham Bank, Weyers | Cave; H. Ewing Wall, cashier of the First National Bank, Quantico; E. W. | Newman, president of the Shenan- doah County Bank & Trust Co, | Woodstock, and R. C. Powell, cashier | of the Bank of Greene, Standards- ville, It received an invitation from Har- risonburg to hold its 1937 meeting in that city. The bid was referred to the Advisory Committee for future action. Yesterday's session was opened with an address by J. B. Dey, jr., presi- dent of the Virginia Bankers’ Asso- | ciation, in which he discussed bank- | ing problems in the light of present- | day activities. CITIZENS OPPOSE | COIN DEVICE BILL Bay Proposed Tax Plan Would Legalize Machines Conducive to Gambling. Disapproying the purpose of the House resolution providing for control and regulatiop of coin devices and the levying of & tax on each machine, to be paid to the District, the Rhode Island Avenue Citizens’ Association last night adopted a resolution declar- ing the bill would legalize a type of business inviting youth to gambling practices. ‘The appointment of a contact mln. to represent the association at the | Traffic Advisory Council was referred to a committee, as was the firemen’s three-platoon proposal. The question of the transfer of cer- | tain pupils from Taft Junior High | . 8chool to Eliot Junior High, as pro- . posed by the Board of Education, was i deferred to the next meeting. 'LONDON STUDIES MEXICO LAND ROW : Compensation for Property Taken Over and Divided Among Peasants Discussed. . Brthe Associated Press. LONDON, November 12.—The Brit- » 1sh government is “closely following % up” the action of the Mexican govern- ¢ment in taking over British-owned % lands for distribution among peasants, ¢ official sources said yesterday. +“The question of compensation is be- . ing urgently considered,” a spokesman + said. The negotiations are being con- iducted by the British Minister to £ Mexico. H ; It was reported recently in Mexico City that Great Britain had demanded -lndemnny of £2,000,000 for the ex- « propriation of British-owned lands in { the Laguna cotton country, in Coa- ¢ huila and Durango. 4 ‘There have been indications that i President Lazaro Cardenas has be- ~come increasingly determined to pur- !sue the revoutionary policy of giving land to the landless by splitting up & the vast haciendas which dominated $Mexican agriculture for 400 years. s STICK ;to our hard coal « « « Make the savings and satisfaction yours! ORDER TODAY! 58 L3 DIAVIT XTI TIRNT S . ESTABLISHED 1908 Rinsid @ (& Ine 49 Rhode Island Ave. N.E. Phone North 1600 NG STAR, WASHINGTON, D. C, Ivan Strakhovsky, son of Dr. and Mrs. Leonid I. Strakhovsky, 2802 P street, working at the Nelson School. Tomorrow: Arch McDonald, jr., son of Mr, and Mrs. Arch McDonald, at the Nelson School. " Sardines 'l‘n'.p ‘Whales. Pursued by whales, 12 of which ventured into shallow water and be- came stranded, a huge shoal of sar- P (ol \:mf“‘ of clean, is like an} tect your home- \ol\l'b“mm muun“ —Star Staff Photo. dines has brought an unexpected har- vest to Japanese fishermen, who are garnering riches from sales of fish and whale oll, according to a report from Tokio. (;'olonial hcy_—bol\x pro- Solid Fuel for Solid Satisfaction There’s nothing like the controlled, even tempera able and safe fuel. solid satisfaction of easily tures, with clean, depend- Marlow’s Famous Reading Anthracite is That Better Pennsylvania Hard Coal, sized and cleaned by the most modern machinery and deliv- ered to your bins carefully and, efficiently. We have it in sizes to suit all types of anthracite equipment. 78 Years of Good Coal Service Marlow 811 E St. N.W. co Coal Co. NAtional 0311 Al The Solid FUEL for Solid WASH B. Blair, Road & ) A\ l:n 3 Years to Pay No Down Payment Required Sab _vour fad emsts 29 te '..'.'.'a, . Three vears to paye® Investi: sate now. OFFICE OPEN Comfort— WILLIAMS Rittenhouse St. GEorgia 4800 HE. But we must cut heating costs. SHE. T want the convenience of AUTOMATIC HEAT—so they bought both in a ANTHRACITE , COAL BURNER h hnllk‘ h nv- UNTIL 10 P.M. A.P. WOODSON CO. COAL—FUEL OIL 1313 H St. N.W. ME. 2315 PUBLIC OPINION STUDY 15 URGED Jotii-nalism Unit to Interpret Trend Between Election Sought by Ackerman. NEW YORK, November 12.—As- serting that between elections “ours hes become s Government by, for and of public officials and leaders of mobilized minorities,” and that this condition is unhealthy for public opinion, Dean Carl W. Ackerman of the Columbia University Graduate School of Journalism today proposed establishment of a journalism foundae tion to undertake independent re- search and to interpret the currents of public opinion. Dean Ackerman said in his annual report that he hoped his idea would be approved by the president and trustees of Columbia University and be financed by “a citizen or citizens ‘whose vision of democracy extends beyond the span of an individual life.” “While elections are decisive in so far as they select specific public offi- Golonial Anthracite The Finest Pennsylvania Coal Money Can Buy R. S. MILLER 805 Third St. N.W. NAT. 5178 cials, they are indecisive in determine mfdm public policies,” the dean said. “After the people cials to represent become politically dormant. Public officials and business or partisan Pressure groups become active and demand and exact special legislation or concessions from the Government.” Such circumstances, Dean Acker- man said, make for an “acute” weak- ening of democracy. They are caused in part, he said, by “centraliza- tion of national leadership” and by “the ability of a few leaders in public office or of pressure groups to mobilize public opinion between elections and have it appear to be national public opinion.” Ackerman said it would be the duty THURSDAY, NOVEMBER 12, 1936. of his proposed foundation to ascere tain whether what is represented to be an expression of the national will is actually that, or whether it is just camoufiage. FARM UPTURN SEEN . BY EX-NEW DEAL AIDE Dr. Warren, Former Monetary Adviser to Roosevelt, Fore- casts Increase in Prices. B3 the Assoclated: Press. SYRACUSE, N. Y., November 12— Dr. G. P. Warren, Cornell University professor and former monetary ade visor to President Roosevelt, told dele- zates to the New York State Farm Bu- “Here, Son, Is the Coal to Buy ...” Agnew’s Famous, Dependable Penn State Anthracite “When T was & little shaver, your size, my father used wood to heat our home, but my, oh my, what advances have been made since then! Better built homes and auto- matic heating plants mean more comfort and economy . and still more when good old Penn State Anthracite is used! 714 13th St. N.W. Opposite the Telephone Bldg. All the comfort of anthracite reau Federation meeting yemrd.y' that the outlook for farmers for the next few years indicated “better re- turns.” “The outlook,” Dr. Warren said, “is for an upward trend in prices for sev- eral years and an upward trend in demand. ““This means,” he continued, “an in- crease in demand for choice products such as milk, eggs and fresh vegeta- bles. 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