Evening star., 1915-01-19
AMERICAN SECURITY
AND TRUST co.'s REPORT
Shows Gross Profit of $593, ,s42 and
Net of $376,O18-0ther
Figures.
Storage Company's Good Year-Lo-
cal Bond Market Firm-Share-
holders to Meet.
BY I. A. FLEMING.

The report of the operations of thu
American Security and Trust Compan!
for the year 1914 was presented to th'
shareholders at their annual meeting
at the offices of the company this aft
ernoon.
Gross profits for the year, less inter
est paid to depositors. were S5s3.S42
expenses. s217.s23. leaving net profits
after charging Off premiums on bonds
and depreciations, of s316,01S- The mel
profits. compared with those OF 1913
show a decrease of something over
$4,000, though the gross shows an in
crease of over S10,600.
Charles J. Bell. president. in closing
his report says: The market value OF
our investments exceeds the book value
and the aggregate revenue yield Is about
Sk per cent.
while the company did not SEQ any
advantage to be gained by joining the
Federal Reserve Association, not being
a commercial bank, we believe its sue
cessful organization will be of great
benefit to the banking interests of the
country, and hence an indirect benefit to
US"
Directors Elected.
ity and Trust Company elected direct
ors as follows: Milton E. Allies.
Charles J. Bell, Henry F. Blount. John
c. Boyd. George w. Brown. Albert
Carry, William NJ. Coates, Murray A.
Cobb, William S. Corby. William G.
Eustis, William J. Flather, Henry H.
Flather. Daniel Fraser. James NJ. Green,
Gilbert II. Grosvenor, Henry Hurt,
John :. Larcombe. Joseph Letter, John
II. Mclean. Edward b. Mclean, Clar-
ence r Norment. Frank b. Noyes. My
ron NJ. Parker, Joseph Paul, Albert NJ.
Read. Howard S. Reeside, Charles A.
Spalding, Corcoran Thorn. Frank A.
Nanderlip and John F. wilkins.
Security Storage Report.
Stockholders of the Security Storage
Company held their ninth annual meet
ing today and reelected officials and
directors as follows:
Albert NJ. Read. president; c. A. As
pinwall. vice president; c. P. Raven
burg, secretary, and Charles W. Pim-
per. treasurer.
Directors: C. A. Aspinwall. Charles
J. Bell. Henry F. Blount. Albert NJ.
Read. Henry Hurt, William j. Flather
and Clarence F.. Norment-
Net earnings for last year were $685.
SoS.26; dividends, $55,000. The COM
pany has 125 stockholders.
Bonds in Request.
The feature of the local security mar
ket today was the good demand for
bonds. There seemed to be no reflection
Of the decided strength on Wall street
in either stocks or bonds on this mar
ket.
Washington Gas 5s sold at 103, the
sale involving two small bonds; Rail-
way IS were slightly lower, 81 being the
ruling figure. Potomac Consolidated 5s
were steady at 9sss: first SIS. 103A.
Bank Shareholders Meet.
Stockholders of the Federal National
Bank have been invited to meet each
other and the officials and directors Of
'he institution at an informal gathering
4t the New Willard Hotel this evening.
Investments, prospects. conditions
md the record of the bank during the
TWO years of it's existence, which ends
~ the close Of business today, will be
1mong the subjects discussed. Checks
we're sent out yesterday for the first
dividend of the institution. per cent.
\ buffet supper will be served.
Re-Elect Directors.
The annual meeting of the National
savings and Trust Company sharehoId-
ers was held yesterday afternoon, and
the entire official roster and directory
we're reelected.