Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-02-25
NEW PRESIDENT NAMED
WILTON J. LAMBERT HEAD OF
PEOPLES SAVINGS BANK.

At the annual meeting OF the stockholders
of the Peoples Savings Bank yesterday
afternoon directors to serve during the en-
suing year were elected follows Messrs.
William F. GUIDE, R P. Andrews. J. w.
Fogler, S. d. Waters, l.. r. CHM, w. J.
Gardiner, J. B. kinnear. c. F. Sudwarth,
H. S. Knight, Louis p. Shoemaker and
James O'Donnell. The auditing committee,
of which Mr.. L. r. CHM is chairman, made
a report showing the bank to be in highly
satisfactory condition and making splendid
progress. A report also made by Mr.
John b. Kinnear, secretary and treasurer
which showed that 883 new accounts had
been opened with the bank during the past
three and one-half months. OF this number
295 were opened during the present month
Following the meeting OF the stockholders
an impromptu reception was given In honor
of Mr.. 9. j. Masters. who retired as presi-
dent of the institution.
The board Immediately organized for the
ensuing year. Mr.. Lambert, who had
served as vice president for the past two
years, chosen to discharge the duties
of president, and Mr.. William F. GUIDE
was elected vice president, Maj. John W.
Fogler reelected second vice president and
Mr.. ]. b. Kfnnear reelected secretary and
treasurer. Mr.. Lambert was also chosen
attorney.
Mr.. Masters was the organizer Of the Peo-
pies Savings Bank, which was formed in
October, 1903. Mr.. GUIDE first became con-
nected with the institution in June 1905
when its capital stock of $50, 900 was dou-
bled. at the time it moved from its first
home to the building at 610 18th street
northwest. formerly occupied by the Amer
lean National Bank.
Loving Cup for Mr.. Masters.
The board of directors expressed feeling
of sincere regret because OF Mr. Masters
withdrawal from active participation In the
affairs of the bank. He explained that he
had been elected president Of the National
Investment Company. which was recently
organized with capital of $500. 900, and de-
sired to devote his entire attention to that
company. AS token of appreciation of his
services Mr.. Masters was presented with
costly silver loving cup by his former asso
GATES
Mr.. Guide Is secretary OF the Business
Mems Association, OF which he was at one
time president, and he has been for many
years prominent in Masonic circles The
present prosperous condition of the Bust-
ness Mems Association is largely attributed
to the efforts of Mr. GUIDE who about a
year ago accepted the secretaryship for the
purpose OF reorganizing the system of We
association and strengthening its work in
the District.
Maj. Fogler, who was reelected second
vice president, came TO this city after the
Spanish-American war to accept the posi-
ton of treasurer of the Washington Times
Company. which position he now holds He
was formerly cashier of bank In Kansas
and served as paymaster In the army
during the Cuban campaign.
Dir. John b. Kfnnear. who was for nearly
twenty years in the auditors Office OF the
Treasury Department, was originally
chosen secretary and treasurer of the bank
upon the resignation of Mr.. Francis II
Dopley several months ago. Mr. Kinnsar
Is mayor Of Takona Park. His most nota-