The Washington times., 1915-02-25
COOPER AGAIN HEADS
ONION SAVINGS BANK
Succeeds Tuckerman, Who Re.
signed Yesterday to Devote
Time to Private interests.

Wade n. Cooper today returned to
the presidency of the Union Savings
Bank. succeeding in turn Walter r.
Tuckerman. who was elected to that
office about q month ago when Mr..
Cooper severed his official connections
eith the institution to devote his time
TO the business of the United States
Savings Bank, of which he also was
president. =
Having found that 1t was impossible
to spare. from his real estate and other
business interests. the time that the
bank duties required. Mr.. Tuckerman.
at meeting late yesterday afternoon.
submitted to the directors OF the bank
his resignation. Immediately after its
acceptance the directors proceeded to
the election Of a new president, and Mr.
Cooper was selected by unanimous
vote.
Frank p. Milburn was added to the
directorate. and it is understood that
at a meeting to be held In the near
future Ellie Sheetz. Charles A. Gold
smith. August Plugge. Gus w. Brahier.
and Col Arthur T.. Randle will also be
placed upon the directorate.
Mr.. Tuckerman will again associate
himself with the Real Estate Investment
of which he was treasurer at the time
Of his election to the bank presidency.
uron retiring from that latter Office ne
IT have resigned as president of the
Onion Savings Bank. because hnd 1t
impossible to spare the time from my
real estat eand other business.
'I return to my former connection
with the Real Estate Investment
Il leave the bank with the good will
and confidence of all interests.
"The Union Savings Bank is the
Oldest savings institution IN wash
ington and has a splendid future
The National Metropolitan Bank of
Washington was today authorised by
the Federal reserve board to act as q
trustee. executor. administrator. and
registrar Of stocks and bonds
This bank Is the first national bank
In the country given this authoriza-
law. Similar authorizations will be
issued to other national banks In the
near future.
Washington Stock Exchange today was
much larger than on yesterday, prices
tended to decline. Washington Gas was
the weakest feature selling down to the
minimum price Of 70. Both Of the stocks
of the Washington Railway and Elec-
trio Company were also slightly under
recent levels
After two shares of Gas had been dis
posed Of at 70, several odd lots totaling
q shares were sold at 72h. and an ad-
ditional block Of SO shares commanded
the lowest price possible under trading
conditions, being struck off at ~. The
quotations were then established at 70
bid and 72H asked.
The other stock sales were confined
to 35 shares Of Railway common at SO.
and ) shares of preferred at "a.
The bond sales included $4,000 worth !
OF Washington Gas SIS at 104@1O4A !
$4,000 worth of Potomac Electric Pow |
er Sonsolidate SIS at 99as; a $500 Capt. !
tai Traction SIS at 1854, and $500
Washington Railway and Electric As at
S1s.
J. Upshur Moorhead and A. Robert Ell
more have formed copartnership to
conduct a general brokerage business In
stocks and bonds under the firm name
Of Moorhead & ElVore. The new firm
has opened offices at 729 Fifteenth !
street northwest. The partnership will
deal in all local securities and the stocks
and bonds listed on. the New York ex-
change. The firm will be the Washing ,
ton correspondents Of A. r. Leach & Co.. |
dealers in Investment securities Of New |
York. |