The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1909-09-08
Capital Stock Voted to Be
100000 at Meeting
Today.
WILL MEET TONIGHT
TO ELECT OFFICERS
Robert N. Harper, Organizer, Men
toned COR President of
lnstitation.

The stock holders OF the new District
of Columbia National Bank met at noon
today at the office OF Harper & Com
pany, bankers. and elected the following
board OF directors:
Alexander T. Hensey, Swartzelh
Rheem & Hensey Company. real. estate:
II. 3. F. mcfarland, president Board
OF Commissioners Of the District of Co
lumbia; J. NJ Kenyon. lawyer: Ernest
NJ. Merrick. commission merchant; w.
p. Lipscomb, builder; r. N Harper,
president Leesburg Trust Company;
Robert Lee O'Brien. real estate; f. II.
Daniel, real estate; w. S. Hoge, presi-
dent Hoge g. Mcdowell Milling Com
pany; J. s. Tyree, manufacturing
chemist: Sidney West. mems fur
nishings; Martin Weigand lumber;
DR.. J. J. Richardson. surgeon; n. Gin
ton Smith, of c. J. Cassidy Company.
builders; c. G. Sloan. auctioneer, pres
ident 9. G. Sloan & Co. James NJ Hoge,
Of Hoge & Mcdowell Company, commits
sion merchants, Thomas Grant, secre-
tary Chamber of Commerce; Louis
Holmes, Holmes & Sons, bakers; c. r..
Carusi. lawyer; Thomas b. Huyck, real
estate; w. T. Richardson, Agricultural
Department, n. l. Sansbary, real
estate; A. G. Shannon, manager Ha-
NEUtAEI s EdhAlB Company dnu UlESA-
dent Capital Construction Company
John T. Devine. proprietor Shoreham
Hotel, and j. W. Harper, Of II. r. Har-
per Company. builders supplies
1t was decided that the capital stock
OF the new institution should be $500. 600.
which at the price of $40 chare would
give the Institution surplus of $4,000.
8 BAN
Robert N. aHrper. who is the organ
iZer of the institution, is authority for
the statement that applications for the
stock total $4,000, so that only so pei
cent OF the public subscriptions were al
lotted. Mr; Harper feels satisfaction in
the fact that the organization of the
District Of Columbia National Bank has
been accomplished in midsummer and
within a period OF three weeks.
The board OF directors will meet to-
night 20 elect officers While there is
no possibility of obtaining this infor-
nation in advance. IL seems certain that
Mr.. Harper will be elected president,
and quite probable that K. n Kenyon
and II. 3. +. mcfarland will be vice
presidents. Great interest centers in
the selection Of the cashier. but not
even a hint as TO the occupant of this
position has been given.
n the list OF directors are many
names of people prominent in Washing
ton, financially. Some are directors of
other institutions and have been promi-
nently Identified with them. The selec-
ton Of 9. q. Sloan as a director marks
tle nIsL dSSotltOlfu OF tfllS gentleman
with any local financial institution.
The District OF Columbia National
Bank Will open for business on the
morning Of September 20, a week from
next Monday. 1t will take over the
business Of the private banking firm
of Harper & Co, which this morning
had S416 900 deposits. Many checks will
be drawn against this in the purchase
of stocks.
II feel highly enthusiastic over my
success. said Mr.. Harper. and I be-
lieve that 7 have demonstrated that I
was right in believing that washington
needed another national bank"
After 10 District OF Columbia National
Bank opens for business. il is Mr.
Harper's intention to secure possession
OF property near the southwest corner
OF Fourteenth and T streets northwest,
and Immediately begin the erection OF A
new and mode n building as a home for
the institution