Evening star. [volume] (Washington, D.C.) 1854-1972, 1918-04-23
]. FENDAL[ CAIN GOES
WITH Commercial BANK
BY I. A. FLEMING.

As
J. Fendall Cain, retiring cashier of
the Franklin National Bank. will Join
the executive force of the Commercial
National Bank early in May.
For a number of years Mr.. Cain has
been cashier of the Franklin NATIONAL
and other banks that have occupied
the bank building at 10th street and
Pennsylvania avenue, including the
Merchants and Mechanics Savings
Bank. the Union Trust Company's
branch there, and. before either of these.
the Traders National. He is banker
with broad experience. possesses a good
knowledge of local credits and is thor
oughly familiar with the relations be
tween the Federal Reserve Bank OF
Richmond and its member banks.
The Commercial National Bank ex-
poets to be in its new building with
the advent of July. In Its present
quarters the employees are greatly
cramped and overburdened with WORK
while the officials have been putting IN
extra hours every day for many
months, with the added burden OF
duties imposed by heavy business AMI
much war work
There is ample room there Tor an
Commercial National officials will well
come the assistance which he Will give
them.
George E. Stauffer, the cashier-elect
of the franklin National Bank. was
AT the hank this morning familiarizing
himself with his new duties ana pre-
pairing to get busy as soon as the
duties incident to change Of "fhcers
have been attended to-
Another Cashier Resigns.
James L. French. cashier OF the
Northwest Savings Bank. has rendered
his resignation. effective on the ap-
potutment of his successor. Mr.. French
has been fortunate in securing a very
fine position with the Overland people
at New York city.
Official Confirmation.
aome papers have recently referred to
a cancellation of national bank char
ter that had just been granted. in q
western state. because the incorpora'-
ors had shown lack of Amer1canlsm
distinctly American enterprises In the
line of conduct of the war
The controller of the currency today
gives full confirmation to the story in
the following circular dated April 70
which was sent to all national banks:
THE controller OF the currency re-
Gently approved an application for
charter for a new national bank in a
certain western state, as there was, ap-
parently, an opening for bank in the
community in which it was to be estab-
lished and the applicants seemed to be
men of responsibility and means and
some prominence.
Subsequently. doubt arose as to the
loyalty and patriotism of the applicants,
and 1t was ascertained that although the
six applicants for the charter were re-
ported to be men of considerable means
several of them claiming to be worth
If mil
the aggregate amount of liberty bonds OF
the first and second issues to which the
six applicants had subscribed was only
5000, several of the applicants for the
charter having taken no liberty bonds at
ALL and their aggregate subscriptions to
the Red Cross had been only s14e.
The controller has today revoked the ne
this proposed national bank, on the ground
that men Of means in these times who
show SO little patriotism and SO little
scriptfons to liberty bonds and to the
Red Cross are unfit to be placed in charge
Of any national bank
Buys Banking Building.
p. A. Drury. president Of the Mer-
chants, Bank. ANNOUNCES the purchase
street. The two buildings are prac-
tically one above the second story. No.
1913 will be reEnodeled as home for
Banks Will Remain Open.
Ranks will remain open tonight.
Wednesday and Thursday until 9
o'clock to accommodate the rush of
liberty bond buyers
The American Security and Trust
Company will use the building direct
ly on the north Of Its home for the
final rush of the liberty bond sale. All
banks will probably keep open the
closing evenings of the campaign.
Potomac Consolidated Active.
Potomac consolidated per cent bonds
furnished the bulk of the transactions
on today's session of the Washington
Stock Exchange. In all, $4,000. face
value, of these bonds changed hands at
93h, showing little firmer tone.
A small lot Of Railway and Electric
preferred stock at 81 and the rights
on two shares of Commercial National
Rank stock at Ii cQmnleted the record.