The Washington herald., 1909-01-20

At the annual meeting Of the American
Security and Trust Company yesterday
two new directors and one new vice pres
ident were elected. In the board Of direc-
tors Murray Cobb was elected to take the
place Of George f HuT, who resigned in
favor Of Mr.. Cobb Corcoran Thom was
also elected director TO I'LL vacancy Of
several months standing, and In the sub
sequent election OF officers AIr Thom was
chosen vice president Of the institution.
Otherwise, the old directors and the old
officers were elected.
Following are the directors elected:
Milton T. Allies. Charles J. Bel. Henry T.
Blount, John c. Boyd. Samuel S. Burdett.
Albert Carry. William NJ Coates. Mur-
ray Cobb. Robert Dornsn, James E.
Fitch. William J. Father, Henry H
Flather, Daniel Fraser. James n Green.
John E HerreH. Henry Hurt, John a.
Kssson, John S. Lsrcombe, John r Nc
Lean, Clarence F. Norment, Myron NJ
Parker. Joseph Paul. Albert II Read.
Howard S Reeside. Corcoran Thon,
Ward Thoron, Frank A vanderlip. John
F. wilkins. Henry a. Willard. and JO-
seph Wright
The Officers Elected.
Following are the officers for the year
1893. Charles J. Bell, president; Henry F.
Blount, vice president; Howard s Rec
side. vice president; Corcoran Thom. vice
president and trust officer; James T.
Hood, secretary: William A McKenney.
general counsel; Ward Thoron, auditor;
J. " Whelpley. bond officer. Charles Z
Howe, treasurer and assistant secretary;
Alfred 3. Leet, assistant trust Officer
Much interest was manifested by the
stockholders and directors In the annual
report submitted 70 the meeting by Presi-
dent Bell According to the report, the
gross profits for last year were So, ,2r7-s1
and the net earnings 81. .20S IS. equal 10
about Il per cent on the capital stock
The capital OF the company is S3.00o.0o0
divided into 99.0o0 shares Of a par value
II 800 each The number Of stockholders
s SSS. making an average holding Of 50
shares each
Mr- Bell states that the deposits for
the year. including trust deposits. we're
S-CSS, 70 .. against S5,7s3.Iz7.55 in the year
1907. During Jke,year sl1I090 was paid IN
interest on deposits.
The SUN OF sl00.e00 was added during
the year, making the surplus s., ,70o,oo0 and
h addition there is to the credit Of profit
and loss. after providing for the divi-
dend payable January 10 1863. the sum
Of SO. .257.57. Dividends have been PAID
AZ the rate OF 5 per cent on the capital
stock. and in addition over SS7,o50 was
carried In undivided uvofts
Mr.. Bel says that Il the present rate
Of increase keeps up. il viii be Necessary,
~ an early DATE. 10 obtain additional
room for the clerical force by the erection
Of a building on the rear OF the lot
owned BY the company on the north
United States Trust Active.
The chief feature Of the trading yes
terday on the Washington Stock Ex-
change was United States Trust Nine
teen transactions were recorded. repre-
senting 1s7 shares. The price starting
at 1ooal. crept up q full point on the trad
ing. the last sale being at 1615s This IS
new high figures for the stock. and yes
terday the demand for It was very spirit
ed Much more OF II could have been
sold had It been upon the floor.
In the beginning there was a good call
for bonds. The railway shares came IN
for the usual amount OF attention, with
prices at the recent high levels.
Washington Gas sold 100 shares at 20.
and outside Of United States Trust there
was a good sprinkling OF trading in the
bank shares.
At the close Of the session an executive
meeting Of the exchange was held at
which Griffin Halstead was cleo ed treas
urer 10 III the vacancy caused by the
resignation OF Bryce Moses L Is Under
stood that Mr. Moses has retired per
manently from the exchange and that his
seat VIII be sold within few days
The Fidelity Storage Company paid the
usual 81 per cent semi-annual dividend.
January % They are now putting in
about 100 additional rooms for private
storage