The Washington times., 1913-04-02
SECURITY SAVINGS
TO OPEN MONDAI'

The opening Of the Security Savings
and Commercial, Bank, contemplated for
today. has been definitely set for next
Monday morning. A contract for the
construction of the institutions bank
ing home mt the northeast corner OF
Ninth and G streets northwest, was let
yesterday, and calls for completion by
July /. 3'he bank will occupy the store
building at 733 Ninth street until the
new building has been completed.
]. Thilman Hendrick and Townley A.
Mckee have been added to the board
of directors. The officers are Julius IL.
peyser. president: George r. Linkins,
dent: John II. Baltz, cashier; William
K. Baum, assistant cashier, and Charles
w. Darr, general counsel. Mr.. Baltz
will be in personal charge commencing
Monday.
Investment in local securities was
seen again in today's session OF the
Washington Stock Exchange. This
was distributed over Gas SIS. Washing
ION Railway As. Steamboat S, and Met
copolitan Railroad SIS A total of $500
Of Railway As were sold at ssh for
all except a $500 lot, and that brought
4is. The stock trading was light. Mer.
genthaler was stronger, but none OF
The stock came out
Cyrus S. Eaton, of Cleveland, Ohio,
aas been elected to the board of di
.ectors of the Washington. Baltimore
and Anna polls Electric Railroad Com
,any to fill the vacancy caused by the
resignation of F. F. Graves, of Chi
.ago. Mr.. Graves retired on account
bf i'll health. Mr.. Eaton has been
associated with President George L.
Bishop for several years in the Inter
national Heating and Lighting Com
,any, q Cleveland corporation owning
md operating gas plants in Nebraska
Ind Western Canada.
Depositors of the Federal National
Bank today received their second
monthly statements of conditions Of
their accounts. The Federal Is the
irst Washington bank to adopt this
lists in sending to each depositor a
statement of his account for the
month. showing the balance at the
lose OF business on the last day. The
The statement. This supplants the
general plan oe turning in pass books
.or balancing, and seems to be work.
ng to the satisfaction of both bank
ind depositors.
The next meeting of the Bankers
Association of the District of Columbia
Will be held at the New Willard Hotel
IN Monday evening, April p. at s
,'ciock. No definite program has yet
The Norfolk and Western Railway
Company increased the number of its
stockholders by 20 per cent In 1872. &C
,ording to a statement issued today by
he publicity department of the COM
,any. On January l. 1872 this road had
LIS stockholders, while in statement
u February Il. 1913, the number had in
,reased to 6.190. or a gain of 1oss-a
growth Of 20 per cent The domestic
stockholders, including Canada. num-
,ered 5.s99 while i91 persons living in
'oreign countries owned stock in the
-oad.
The Industrial Savings Bank. with \
.apitaI stock Of 5.ocn divided into 800
shares has been incorporated and will
We located at zoos Eleventh street north
vest. The Incorporators and board ol
rustees for the first year are:
Logan johnson. James III. Washing
on, William A. Bowie, James H Cole
nan, Lewis W. Easeley, Dora Johnson,
Arthur Reeder. Edward w. Turner.
rames Langhorne, Frank Johnson,
Waiter s. Carter. Charles H Beale,
John H. Sims. Margaret A. Robinson.
ind John w. Lewis. The stockholders
will elect the trustees each year after
he first.
Prof Charles a. Douglas will deliver
he sixth lecture in the series on the
sw of negotiable instruments before the
Washington Chapter. American Insti-
lite of Banking. tonight at the chapter
ooms- 12i4 F street northwest