Evening star. [volume] (Washington, D.C.) 1854-1972, 1916-07-23
BY I. A. FLEMING.

Between now and October Is the fed
full with the all-important question
of substantial competition"
In that time the board will have to
pass on hundreds of cases of dual di-
rectorships and decide whether or not
certain national member banks and
other trust companies and savings in
situations are in substantial COMPETE
ton.
In Washington there are scores of
interlocking directories; practically all
the trust companies have their affiliated
national banks with more or less nu-
merouS representatives on the Varl-
Gus boards of directors.
Many trust company officials contend
that they are not in competition with
national banks in that they do not do
a commercial business, although adj
hitting they are competitors in the
matter of collateral loans and in the
battle for deposits-always a feature
of Washington banking.
Some of the cases will be easily de-
cided; in fact, many directors of two
or more national banks will resign,
making their decision as to the bank
that they will remain with before the
time limit is reached.
Inc following IS d partial Dut III
complete list of directors who will
either be called upon to resign one po-
sition or submit to the decision of the
federal reserve board on whether they
may continue to serve on two boards:
Milton L. Allies, William J. Father,
r. n. Harper, Edmund S. Wolfe, Ellie
Sheetz, ]. C. Let's. A. F. Jorss. \. H.
Shea, J. J. Darlington, John H. Clapp,
Wilton J. Lambert, Frank B. Noyes,
Walter BROMLEY, William F. GUIDE.
ir n1rNh a1rff
mann. James B. Lambie. Townley A.
Mckee, j. H. Ralston, o. H. P. Johnson,
William H. Saunders, George Truesdell,
John F. Wilkins. H. X. Willard, Nathan
Wade H. Cooper, Richard J. Earnshaw.
Frank H; Edmonds, William T.
karrick. William Lennox, Dwight T.
Scott, Thomas somerville. Luke G.
Strider. Clarence F. Norment. Daniel
Fraser, Albert Carry. D. J. Kaufman,
J. Henry Small, James B. Lambie, A.
G. Chaplain. James A. Cahili, Tucker
X. Sands, A. E Randle. Colin H. Liv-
ingstone, Floyd E. Davis, ]. T. Hendrick,
Samuel ]. Prescott. F. E. Ghiselli, AL
bert S. Galley. Ezra Gould, Lewis
Holmes, Thomas w. Smith, Samuel H.
Walker. H. H. Mckee, John c. Yost,
Lewis Flemer, George F. Hardin and
Samuel ]. Henry.
Two of the men named in the above
list hold office, one with a trust com
pany and the other with a national
bank. while one is director of a state
bank, and the other of a national bank.
The Clayton law does not have any
effect on officials of trust companies
othe than those that have Joined the
federal reserve system, nor on state
banks save as directors of these insti-
buttons may elect to serve as directors
of national banks. The Continental
Trust Company is the only one in
Washington that is a member hank of
the federal reserve system.
Interests in the American Security
and Trust Company and the Riggs Ma
tional Bank are closely allied. The
East Washington Savings and the Ma
tional Capital Bank are closely allied,
as are the Columbia National and the
Washington Loan and Trust Company,
the Commercial National and Union
Savings Bank, the Continental Trust
Company and a number of other banks.
the Dupont National and Mechanics
Savings while the District National is
represented on several boards of di-
rectors.
Specializing in Bank Advertising.
With the growing Importance of the
Investment of the United States, the