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About The Oregon daily journal. (Portland, Or.) 1902-1972 | View Entire Issue (July 16, 1922)
-THE OREGON SUNDAY JOURNAL, PORTLAND, SUNDAY MORNING, JULY 1C, 1S22. BANK INSTITUTE il GROWSFAST HAS 5092 MEMBERS Educational Work in Particular -Makes Remarkable Strides; 25,000 Students Enrolled. Br Klekard IV. Hill Secretary Aauncan Inttttato of The year 1921-23 ha made history for the American Institute of Banking. ''Its predecessor -wast a brilliant one, spectacular in the growth of its mem bership and intense in its educational activities. Bat this rear has witnessed a more real, steady advancement that denotes true progress ; it has been the test of the phenomenal .activity of 2tO-Sl. -' The Minneapolis convention both re ' fleeted the unprecedented sains of the months prior to its convening, and presaged, in the interest and enthusi asm of its delegates, the surer growth :--to-JoIlow. Nor has that promise been i repudiated in the actual events of the ' year. Every phase of institute activity, v both local and national, has been af -, fected by the general trend toward a " bigger and better organisation. MEMBERSHIP LARGE Institute membership Is naturally the meets obvious indication of progress or ? retrogression. That the organisation tfaas been able to maintain intact, so far as numbers are concerned, the 1m . mense gains of last year is in itself . a notable accomplishment, and it would not have been surprising if no actual gain had been recorded for the present year. But. far from such a condition., the . national membership committee has - reported a net gain of about 6800 mem bers since the Minneapolis convention, making a total of approxlmatly 60,692 roe moors, j HAS 111 CHARTERS shin has eonu a laf-M InntwaaA In tm number of local chapters. 23 having t oeen organized since the convention in MinneapoliH. . ".. The institute now has 111 local chap ters. It is interesting to note that five of tliese new chapters are in Cali fornia, making , that state the banner e state with regard to number of chap ters, and that seven of them have been established in four- states Arizona, .Florida. Nevada and New Jersey wnicn naa no chapter at the time of the , convention. In almost every instance the new organisation has been of a very superior type, both in number of members and in enthusiasm displayed - in the educational work. Much progress has been made in the educational work itself 'this year, sta tistics showing that more than 25,000 ' students are enrolled in institute study classes throughout the , country a higher percentage than ever before. The most conspicuous national accom plishment In the educational field has . been the complete revision of the in- stitute law work. wiSDOM 8HOW5 " .- Already', the wisdom of this change "la apparent, and much better results ' are obtained. Furthermore, plans were perfected and work actually begun ' some two months ago on a revision' of the elementary banking course, on .the preparation of an institute text- vv i"' uw course m economics, ana. in the preparation of a new Mum and 3 text on the subject of credits. All of these books and courses will be avail able for use In the fall. Locally, the r educational curricula of individual chapters have been enlarged to meet their specific needs in such a way that the institute Is now giving unparalleled service to thousands of enthusiastic members. , Other activites than those connected directly with the study work have felt the effect of the same progressive im petus. Successful, well-defined, and helpful forums have been conducted by at least 25 chapters, and this method of keeping the older members Interest ed in the chapters and the institute generally has come to stay. -,COOD WOKK D02TE Particularly good work has been ' done In the matter of organizing public a n"iu5 kuu uchw classes sr sections 4 in the chapters ; inter-chapter debating " oeen raucn more popular, than 'heretofore, and ken interest is being taken in the outcome of the contest for participation in t he Portland debate. : More than 35 chapters now have their rewn chapter papers. The valu of such publications in centering the Interest of members In their chapter activities is Immeasurable. Chapters have - been doing mora than ever to bring the in stitute and its work before bankers and the general public The national publicity committee designated the week of March 28 as a special institute publicity week, during which time window displays and other posters advertised the Institute broad cast in nearly every chapter city. One entirely new activity that has been in augurated this year is the work being done by the institute in cooperation with the A. B. A, committee on public education. OFFICERS OF BANKING INSTITUTE ' fa?--. 7 i j". .: f . - K ' ! : 1 t -A it 2Z. -J IT II? I ' 1 &&VjLae L? cut. 4 ' i MEETING TOPICS. : ME M100HCED Deparbiiental Conference One ; of Featudes of - Banking In stitute Convention, 2Z (1) Richard W. Hill, New York, secretary; 2) J. H. PTieUcher, MUwaukee, first vice president; (3) Rob ert B. Iiocke, Detroit, president; (4) Carter E. Talman, Richmond, YtU, vice president; (5) A. C. Burchett, Memphis, candidate for vice president; (8) Robert Strickland Jr., Atlanta, chairman mem bership committee; (7) Fved I. Kent, New.York, vice president Bankers' Trust company; (8) ron A. Mullen, New York, executive council; () E. It. I., executive council; (11) Stewart I. Beckely, committee; (10) Henry C. Jackson, Pawtueket, R, I., executive council; (11) Stewart D. Beckley, Dallas, executive council; (12) Henry R. Kinsey, Brooklyn, executlTe, council; (13) Joseph J. Schroeder, Chicago, executlTe council; (14) W. HDressIer; Omaha, .executive council; (15) J..H. McDowell, Chattanooga, , executive council; (16) F. Tu Ramos, New Orleans, executlTe) council; (17) George E. Maine, Seattle, executive council; (18) John A. Graham, Baltimore, executlvo council; (18) A. Warren Anderson, ' Buffalo, chairman public affairs committee. BANK CHAPTERS MEET ON JULY 19 Conference to Begin at Break fast and Continue to After noon With Discussions. The chapter . presidents conference, of the American Institute of . Banking, to be held at the Multnomah hotel Wednesday July 1 will start with a breakfast at S a. ta. and will continue through luncheon to 2 :30 p. m. The conference will include subjects for discussion that will be both interesting and profitable. It it expected that the presidents of the 111 chapters of the American Institute of Basking will be present and take part in the annual conference. The program is as fol lows : 8 to 9 Breakfast 9 to 9:16 "How Shall the Interest in Chapter work be Maintained?" by J. Kessler Jones, Federal Reserve bank, Omaha, Neb. - :15 to 9 :30 Discussion. 9 :30 to 9 145 "The Problem of Chap ter Rooms." By Paul B. Detwiler, Philadelphia National bank,' Philadel phia, Pa. : . . 9:45 to 10 Discussion. 10 to 10:30 "Shall Officers and Board of Governors of Chapters be Institute Graduates? by H. Raymond Le. Federal Reserve bank, Richmond. Va- and Frank N. Totten.. Fidelity In ternational Trust company. New York. . 10:30 to 11 Discussion 11 to 11:15 "Chapter Finances." f. By Max Stelner, Chicago -Trust company. Chicago, 111. ' 11 a5 to 11 :45 Discussion. - 11:43 to 12:15 "Publicity." By E. 1 McCargar, First National bank, San Francisco, Calif. ' 12 :15 to 12 :45 Discussion. 12 :45 to 1 :15 "Public Speaking and Debate." By W. G. F. Price, National City bank, New York. 1 :15 to 1 :30 Discussion. . 1 :30 to 2 :30 Luncheon. Adjourn ment . - A. C. Burchett, assistant cashier of the Bank of Commerce and. Trust com pany, Memphis. Tenn., will preside over the conference. The chapter presidents conference committee consists of the following: A. C. Burchett, chairman. Bank of Commerce and trust company, Mem phis, Tenn., W. IL Burns, Tompkins County National bank. Ithaca, M Y. W. H, Correll. American Exchange bank, Milwaukee, wis.. P. B. Detwiler, Philadelphia National bank. Philadel phia, Pa., A. Xj. Fraley, Northwestern National bank, Portland, Oregon, O. TL Lewis, Jr., Lynchburg National bank, Lynchburg, Va., J. w. Marshall, Jr., City National bank, Knoxville. Tenn., F. H. Newton. First National banlC, Minneapolis, Minn., William Phillips, Federal Reserve bank, Omaha, Neb., Frank C Pondrom, American Exchange National bank. Dallas, Tex as. I. J. Steed, Bankers Trust company. Little Rock, Ark., J. H. Streicher, Commercial Savings Bank Trust com pany, Toledo, Ohio, Dennis P. ToMn, First National bank, Bridgeport, Conn. MOCXT1ES OSS PAY. Ottawa. Ontario. July li. Officers. non-commissioned of fleers Und men of A. and B. Bquadrons, Royal Canadian Mounted police, who served in France and Siberia, lost $46,078.80, the differ ence between their military and civil Suggestions for Investments State of Oregon 4 Vs . . .v. . . , Grant CountyOre., $s . . . Chelan County, Wn 5s City of-White Salmon, Wn., 6s City of Heppner, .Ore.. 6s : . . . City of Roseburg, Ore., 6s City of Tillamook, Ore., 6s" . . . Port of Astoria 6s . . Grknts Pass Irr. Dist. 6s . . . . Republic of Bolivia 6s ....... Republic of Brazil 7s '. Netherlands Guilder 6s Province of Manitoba 4s . . . Dodge Manufacturing Co. 7s Amalgamated Sugar -7s ...... Utah Power & Light 6s . . .! . V a Maturity Yield . 1940-45 4.25 . 1936-38 4.90 . 1932-34 4.80 . 1932-39. 5.25 . 1942 5.30 . 1929 (est.) 5.00 . 1935 . . 5.125 . 1930 . 55 . 1931-34 6.25 . 1927-40 "7.50 . 1952 72 . 1972 6.10 . 1930 5.50 . 1942 7.10 . 1937 7.00 . 2022 6.60' We extend to meatber ef the AM1EBICAN ISSTITCTE OF BASKING a cordial welcome to Pertlaaa and the 3fertfcwet, aad (will .be pie to have jea ae the faeHJUes t ear office. Ralph S chneelo ch GompXny 4- 7 MUNICIJlAli'AND CORPORAnON" nNANCE pays, by reason of their service. This was brought out In the Commons through questions placed on the order paper by T. L. Church (Cons., North Toronto). It was not known whether or not the government Intended to reimburse these men for their loss. Twelve officers and 209 other rnV A. squadron and seven officers and 38 wui- ranas or ts. squadron saw ser vice in France. An educational feature of tha nation al convention of tha American Institute of banking is that of tha departmental conferences. -These conferences which are open to all in attendance,; are In the nature of round table discussions covering the most important vubjects In connection -with practical' banking. They are held so that those who par ticipate jnay become improved think' era, that they may return to their in dividual banking institutions better men on. their own jobs and on banking in general. - - , ' In the Portland convention this week there will be three departmental lunch eon meetings at the Portland notel Monday, July 17, Wednesday and Thursday, July 19 and 20. The Mon day meeting will commence at noon and last until the afternoon adjourn ment of the convention. ? The other two meetings will convene at 11:45 a. m. and continue until the opening ef the afternoon sessions at 2 :30 p. m. Different phases of the topics to be discussed will be extended during tne tnree .conierencea, ruu a. Detwiler, chairman of the department conference committee, will preside. : The different topics to be discussed and the leaders of the discussions will be as follows:; Audits and examinations led by F. L. Ramos, assistant cashier. Canal- Commercial Trust and Savings bank. New Orleans, La- Bank ? administration led by Wm Feick. assistant cashier, Irving Nation al bank. New York. ;. Bonds and investments led by Wm. R. Ward, Shingle and Brown company. Oakland, calif. -.. Business development and advertis ing led by; Donald A. Mullen, secre tary clearing house section American Bankers association. New York. Checks and collections led by Per ry M. Parker, assistant cashier. First National bank, Los Angeles, Calif.- Credits led by Godfrj- C Blohm, assistant cashier, Ladd - and Tilton bank, Portland. Foreign trade and foreign exchange led by L. R. Cofier, vice president Wells Fargo Nevada National bank, San Francisco, Calif. -Savings bank led by George S. F, Bartlett, Five Cent Savings bank, Boston. Jiaas. Trust functions led by Wra. H. A. Johnson, Continental and Commercial Trust company, Chicago, UL Carter E. Talman, Vice President, to Succeed to Gavel Following the usual custom Carter E. Talman, vice president of the Ameri can InsUtute of Banking, will auto matically succeed Robert B. Locke as president of the Institute during the Portland convention this week. Talman was born in Richmond, Vir ginia, the son of a confederate soldier. He graduated from the public schools of Richmond and afterwards received his B. AT degree at Richmond college, now the University of Richmond. Immediately after leaving collejre he started in to learn the banking busi ness with the American National bank Of Richmond, of which institution he la now an officer. Talman was elected vice president, of the A. L B. at. the Minneapolis con vention. . East and West ; ; j To , Compete at : , , institute Meet - Tha ISast win b pitted against the West in a debate that will be on of the .most interesting features of the national convention of the American Institute of Banking. t The subject 1 one f ' international ; lmportaae and one that has caused considerable com ment in diplomatic circles on both aides of the Atlantic ocean. ' ' Tha subject Is: Resolved, that the United States .enter an agreement; for the mutual cancellation ef the inter allied war debt. ; The affirmative will be takes by the New York chapter, rep resented by the foUowtar teara ? J. V. XX Stryker.-; Federal f Reserve bank; C H. Schoch. Irving National bank: E. A. Lahrn, Citixena Savings bank; alternategohn J. Golden. Federal Re serve bank. Negative. Seat Ue chapter : Allen P. Hull. First National bank ; Casper W. - Clarke. Union National 5 Herbert C Bryant, Washington Mutual Savings bank r alternate, W. C Phil lips. First' National -bank. Famed French Hotel Is Put Up For Sale , (By InUrnfttioeal Nm Eervtee) Paris. July 15. -The hotel de la pal va, last of the mansions on the Champs Erysee that made that boulevard the centre . ef Paris during ' the reign of Einperor Napoleon III. has been , put on the market ? Friends of bid Paris fear tha building will be torn down, following the fate, one after another, of tha palaces, of the Prince Napoleon, of Jules de Lessepe, of the Duke of Brunswick, of Emlle de Girardin. and f the Count of Quinsonaa. ; s - Ml I f I.I I f 1 f t I t I I I I .l.l.l.l.l.f.l.f.l.l.l.l.t.t.l.l.l.i.lJ.IJ.I.I.I.I.I.I.I.LI.I.IJ.I.l.l.l.lJ.l.f.l.l.l.l.l.l.l.CTX1 Welcome! Delegates to the Ao L Bo Convention July 16th to 20th : . : . ..'"!''. : :. - ..." v - . . - . . - I The oldest bank in the Northwest extends its heartiest greet ings to its banking friends from all over the United States : in this, their annual convention. We gladly exert our every . effort that you may appreciate, the wonders "of the North west, of Oregon and of Portland, and that all of us may enter into the joys that always come from these gatherings. We have been pleased to carry on business relations with many of the institutions which you represent for. 63 years. Let us now enjoy the larger pleasure of personal acquaint ance. ':: 1 ' " . yxr ' . Our entire "resourced are at your disposal. Oldest in the Northwest Washington at Third Portland Oregon.':' jllllllllHlllllilHINHHH!( IS HI - '.'. . . y ..--". v-"-;- 1 . ' ' ' - THIS bank counts it a privilege to welcome the visiting members of The American Institute of Banking; their families and their friends,! to their Annual Convention in the City of Portland; -July 16-20. THE NORTHWESTERN NATIONAL BANK PORTLAND OREGON Member; Federal Reserve System -1.- JMBCRMCN9 BUICOlNO. iliiHIliillHii Poimjfaro.OREGOit: HllHmtlilttilHIhlHUmHlH! iiilii i It II SIMM'!!!!!!!!'!!! Miiiililiiliiii!! ram m HlHHHilHHHHIHHllHIHIIHIC i T tTTTTTTTTTT HHii!i!iiiii mm:m T3T hi