The Washington times., 1913-02-14
INTERESTS WITHIN
SECOND NATIONAL
PURCHASE STOCK
Total of 776 Shares of the Bank
Stock Pass From Wood
Ward-Parker Syndicate.

Seven hundred and seventy-six shares
of the stock of the Second National
Bank. previously held by a syndicate
composed of S. w. Woodward, Z. S.
Parker. NJ. A. Winter, and V. J. Evans.
have been sold at a price well in ad-
vance Of the market to interests within
the Second National Bank. Frank S.
Bright, attorney for the purchaser,
while Withholding the name of his
client, admitted his interest and the
number of shares acquired today.
The Continental Trust Company is not
a party to the deal. except so far as
the transfer of the purchase price is
concerned. 1t was also learned today.
The stock was paid for by check of
Mr. Bright on the trust company.
1t is believed and admitted today that
bility Of the Woodward-Parkers syndi-
cate taking over control of the Second
National, a result which the financial
district looked for at the last annual
election. The syndicate last year quietly
acquired a large interest in the Second
National, and 1t is known that a pro-
gram was considered Of making Mr..
Parker head Of the Second, but that this
program was not carried out owing to
the belief OF those interested that, II
1t were executed, too serious a split
would occur and too large a part Of 9TH
er interests In the. Second National
would be alienated by the stroke.
Mr.. Bright said today that no COM
bination with any other financial insti-
tuition is contemplated as a result Of
Of the exact number Of shares traded
also shows that nothing like half Of
the stock of the bank is involved The
stock of the Second consists of 5000
shares. The deal Is said to be in the in
css tsrsst Of ,n fuller control by the present mt
the bank, and e. o. Whitford, a large
stockholder, had not been informed to-
day Of the indentity of the purchaser.
Nathan B. Scott. president of the Con-
tinental Trust Company, said today that
MIR. Bright, who is trust officer of the
company. acted only in his capacity as
an attorney.
The completion of the bank deal gave
rise to numerous rumors today involv-
ing the possible consolidation of sew
eral Institutions, but when traced down
none of these seemed to have founda-
ton. ...
No transfer of the stock of the Sec
ond National was recorded on the local
exchange today, but the bid price for
the stock dropped from 165 to $50, with
no stock offered.
Washington Gas issues were again the
feature of the trading on change.
Eleven thousand dollars of the bonds
were obtained at 110, and lis more
of the stock came out. all at the steady
price Of Sc.
A small lot Of Railway common sold
at S1k. A quotation lot and two frac-
tional lots OF Capital Traction sold at
124. There was little other business.
At the annual meeting of the, Norfolk
and Washington Steamboat Company
yesterday the following were reelected
members of the board of directors:
John Boyd, d. ]. Callahan, Daniel Fras-
er. Benjamin S. Graves. w. E. Hibbs,
Clarence F. Norment. George W. Pear
son. n. H. Shea. Odell S. Smith. Hylas
T. Wheeler. Levi Woodbury..
At a meeting of the directors i'm
mediately following. Levi Woodbury.
was reelected president: Clarence F.
Ncrment, vice pres dent, ID. ]. Gala
han, general manager and Odell S.
Smith. secretary treasurer. Mr.. CAL
lahan re-appointed the following: j.
G. Williams. auditor: William II. Cal
lahan, general passenger agent; J.
Allen Riordon. general claim agent,
and Z. B. Bowling. agent.