Evening star., 1916-01-11
CHANGES AMONG
BANK DIRECTORS
Shareholders of Banks. Trust
Companies and Savings
Institutions Meet.
ANTI-INTERLOCKlNG LAW
CAUSES FEW CHANGES
Five New Directors Chosen at Riggs
National and Three at Union
Trust Company.

their annual shareholders meetings
today. Because of the fact that the
Clayton law forbids interlocking direc-
tories or that one person should hold
position on more than one bank direc-
tory or as an employe of more than one
bank. unless all the capital stock of
one institution is owned by another.
when there may be dual directorships.
many changes in boards of directors as
result of the elections.
This provision of the law does not
go into effect until October 15, 1916,
and many banking officials decided to
this time. They hold that there may
be an amendment to the Clayton law.
and that there are other possibilities
between today and October 16 that will
make it unnecessary to disturb existing
conditions.
Many directors chosen and re- elected
today cannot hold Office throughout the
year unless there is an amendment to
the law.
Most Important Change.
The most important change was the
retirement of Frank A. Vanderlip, pres
ident of the National City Bank of
New York, from the board of directors
of the Riggs National Bank, and his
retirement is also foreshadowed from
the American Security and Trust Com
pany's board.
Mr.. Vanderlip has long been connect
ed with these institutions, but he be-
lieves that under the provisions of the
Clayton law. although not effective
as yet, it is better for him to retire
from all banking connections, holding
only to his position as president and
director of the National City Bank.
Because of the law, he retired at this
time.
Gen. John A. Johnson retired from
the board of directors of the Second
National Bank.
New Directors for Riggs.
The Riggs National elected five new
directors, E. V. Murphy, Sterling Ruffin,
Charles Carroll Glover, jr.: L. Kemp
Duval and Louis E. Jeffries. These filled
vacancies caused by the retirement of
Frank A. Vanderlip, Henry H. F'lather, to
engage in business; Frank c. Henry,
who resigned year ago. and the death
of r. Ross Perry, ST., while Frederic D.
McKenney. retired from the board of di-
rectors to become one of the counsel of
tho bank.
The Union Trust Company added
three new names to its list of directors,
Emmons S. Smith, Maj. Gen. Arthur
Murray. U. S. A.. and Thomas P. Nor
gan. Charles Jacobson and William P.
Lipscomb retired from the board, while
two of the 1915 board. ]. Nota McGill
and Frederick B. MCGUIRE, died during
the past year.
William F. Ham, vice president of
the Washington Railway and Electric
Company, was added to the list of di-
rectors Of the Federal National Bank.
New directors of the Bank of Wash
ington are ]. W. Thompson, Charles R.
Luce and John G. Meinburg.
A few banks elected officers today
| but the majority of the institutions
| that selected their directors will not
organize for day or two.
The directors (and officers, in case OF
| election today elected follow:
Lincoln National Bank.
John w. Brawner, Robert Callahan,
Floyd E. Davis, Robert A. Dore, Rich
ard J. Earnshaw, Albert S. Galley, Will
liam F. Gude. Peter Latterner, S. Dana
Lincoln, Leroy w. Heron, Andrew
| Loff1er. Lucas P. Loving, F. D. Nc
Auliffe. Patrick T. Moran. Howard R.
Norton, Henry T. Offterdinger, George
c. Pumphrey, Samuel c. Redman,
Joseph Strasburger. William D. Sulli-
van and G. Taylor Wade.
National Metropolitan Bank.
Samuel G. Blythe. Arthur T. Brice,
| Walter Brownley, William F. GUIDE.
John B. Henderson, A. A. Hoehling, jr
Charles Jacobsen. o. H. p. Johnson,
Rudolph Kaufman, William S. Knox,
James b. Lambie, Henry Leonard, A.
Lisner, Townley A. Mckee. John II.
Moore, ]. H. Ralston, Hugh Reilly,
william H. Saunders. Charles G.
Smith. jr: George Truesdell, John F.
Wilkins, H. K. Willard, w. A Wimsatt
and George w. White.
Columbia National Bank.
Charles B. Bailey. William E Barker,
Joshua w. Carr, John Joy Edison, l..
Whiting Estes. Albert F. Fox, Benja-
min w. Guy, David J. kaufman, Benja-
min F. Leighton. John Mitchell. jr.;
Theodore w. Noyes, B. Francis Saul,
Louis p. Shoemaker. George w. f.
Swartzell and Brainard II. Warner.
N H.
Bernard NJ. Bridget. Walter C. Gle
phane, William V. Cox, Charles w.
Fairfax, Thomas Grant, William NJ.
Hannay. Walter H. klopfer William F.
Mattingly, Samuel ]. Prescott, Cuno H.
Rudolph, E. J. Sacks, Joseph p. Ste
phenson, William B. Thompson, vii.
| liam H. Walker, Somerset X. Waters
Edward o. Whitford, Nathaniel Wilson
Alexander Wolfe and Simon Wolf.
Washington Loan and Trust Co.
Charles B. Bailey. William E. Barker
John R. Carmody. John H. Clapp. Au-
gustus Crane, J. J. Darlington, FLOYD
E. Davis. John Joy Edison, F. a. Fen
ning,A F. Fox. John A. Johnston, George
A. King, Martin A. Knapp, John B. Lar
ner, Theodore w. Noyes, Andrew
Parker, Arthur Peter. Samuel L. Phil
lips, Joseph j. Saks, n. II. Shea, Louis
p Shoemaker. Thomas w. Smith, Ellis
Spear. George Truesdell. Il. II. Warner
Harvey w. Wiley and A. S. Worthing-
ton.
Continental Trust Company.
Frank w. Bolgfano. C. C. Calhoun,
William G. Carter. Wade H. Cooper,
Basil B. Earnshaw. Richard J. Earn
shaw, Frank H. Edmonds, William T.
Galliher. e. A. Goodwin. L. l. Jenkins,
James L. Karrick. William Lennox,
John C. Let's, Thomas H. Melton, Will
liam R. Merriam. George H. Peters,
Charles g. Pfuger, Thomas H. Pick
ford. Samuel ]. Prescott, Guy T. Scott,