The Washington times., 1914-01-13
NUMEROUS CHANGES
IN BANK DIRECTORS
aNtionaI Banks and Others
Hold Annual Meetings-DiS-
trict Votes to Join.

Numerous changes were made in to-
! days annual stockholders meeting of
the national banks md some of the
other financial institutions of the city.
The largest number of changes was
made at the National Metropolitan
Bank. where FIVE new names were add
! ed to the board of directors. Those who
have been added to the Metropolitan
! directorate are Samuel G. Blythe,
Charles G. Smith, jr., Towrely y. Nc
Kee, H. c. Sheridan and Walter Brown
leg. James 3. Lambie was recently
elected to fill the vacancy caused by
the resignation of Cuno II. Rudolph,
Who is now president of the SecoLd Ma
! tCnal Bank.
Two additions were made to the board
of the District National Bank. Wells A
! Harper and Guy T. Scott. The stock
holders of the District also voted favor
ably upon the banks joining the Federal
Reserve System. Provision for this vote
was made on the ballot for directors.
Thomas Grant. secretary of the Cham
Der of Commerce. was elected to the
board of the Second National Bank
Two former istrict Commissioners. Cuno
H. Rudolph and Gen. John A. Johnston,
were also elected to the board.
William Knowles Cooper. general sec
retary of the Y. NJ. c. A, and Frank
a. IlOSdIls dllOTHtSs were 10 Ile
board of the Federal National Bank.
At the Commercial National w. G.
Huntington, a capitalist of Farmville,
Va, and Guy T. Scott, son Of former
Senator Nathan B. Scott, president of
the Continental Trust Co., were added
to the board.
Mr.. Scott was also elected to the
boards OF the District National Bank
and the Continental Trust Company.
The American National Bank stock
hall
brother of the president. W. T. Ganiher.
ana A. c. West, assistant cashier. to
the board.
There were no hcanges in the boards
OF the Riggs. Farmers and Mechanics,
Columbia. National Bank of Washing
ten. Lincoln National. National Capital
Bank. the McLachlen Banking Corpora
ton, Union Trust Company, or the Sew
enth Street Savings.
There were five additions to the board
, OF the Continental Trust Company, as
fol .ows: Frank W. BolGiano, Charles {.
calhoun Basil 3. Earnshaw, r. c.
kerens. and William Clark Taylor.
There was no change in the direCto-
L$-te OF the Real Estate Title Insurance
Company.
The Union Savings Bank was the
only institution at which the election
did not go of smoothly. At a late
hour TINS afternoon the stockholders
We're still in session and no result
was announced.
Washington bankers and business
men today are in readiness to appear
! before the organization committee Of
! the Federal reserve Ranking system
at 10 o'clock tomorrow morning, to
argue WashingtOn's advantages as a
place for a regional reserve bank.
II. II. Mckee, cashier of the National
Capital Bank. will present the argu-
mentS for the bankers. and Wi liam H.
Singleton. chairman Of the executive
committee Of the Board of Trade will
present the commercial arguments for
the business men. This program was
q determined at a meeting of all con-
cerned late Monday 1t tie Commercial
National Bank.
The Clearing House Association will
be represented at the hearing by a. G..
Clapham, w. T. Galliher, II. ii. Nc
Kee, George w. White, and John Poole.
The Bankers Association of the Dis
trict will be represented BY President
B. F. Saul. Char es J. Bell, and Robert
y. Harper. The Board II Trude's dele
cation will be William II Singleton,
William H. Saunders, and John B. Lar
ner. The Chamber Of Commerce will
have John Joy Edison, =. J Callahan,
and d. J. kaufman. The Retail Mer-
chants Association has elected NJ. A.
Leese, and Ross P. Andrews as repre-
sentatives.
The District Commissioners will also
be present and back I'D the claims of
the other local representatives,.
\ good volume Of business was tran
sacted on the local Stock Exchange to-
day. The bond trading amounted to sl9.-
CO0, and the stock to PA shares. Prices
were firm. and Washington common and
J referred reached 90 Potomac COnsoli
dated 5s sold at par for Sc 900 worth Only
fractional lots of Railway common
came out, but 60 shares OF the preferred
sold at 50 to 90. Washington Gas was
also strong. selling at Si for 100 shares.
Some OF the bank stocks came out. Ten
shares OF American National sold at
Ie0, l. shares Of Federal at 135, and
shares of National Savings & Trust at
go.