Evening star. [volume] (Washington, D.C.) 1854-1972, 1919-01-17
BANK DIRECTORS
ELECT OFFICERS

Several hanks which elected directors
on Tuesday elected officers yesterday.
Riggs National Bank reelected its
Glover. president: Milton L. Allies and
William ]. Flather, vice presidents:
Joshua Evans. jr., cashier, and Harry V.
Haynes. Avon M. MENUS and Robert V.
Fleming. assistant cashiers. George o.
Vass was elected assistant cashier Mr..
Vass has been connected with Riggs
Bs nix for fifteen years.
The directors voted bonus of one
months salary to each employe who
was with the bank July 1. 1918, and
half months pay to each employe
who has joined the bank staff since
that date.
The American National Bank re-
her. president: c. II. Livingstone, first
Vice president: Davis Elkins, second
vice president; William 5elby, cashier.
and ~ C. West. j. W. Williams and w.
j. Waller, assistant cashiers.
The District National Bank reelected
officers a sfolloows: Robert n. Harper.
president: ". S. Hoge. Gerson Nordln-
ger. w P. Lipscomb and Lewis Holmes,
wee presidents: Hilleary l.. Offutt. jr..
cashier: Theodore S. Mason and William
G. LOCKER. assistant cashiers. and Wnar-
ton y. Lester. counsel.
The Commercial National Bank re-
elected it's officers. They are: Rolfe
T. BoIlinr president: Arthur Lee and
James A. Cahill. vice presidents:
Frank p Hartman. chairman OF the
board; +. Z. Ghiselli. II V. Hunt, Rob-
ert A. Cissel and j. Fendall Cain, as
,nx.t,i
general counsel.
officers of the Dupont National
Bank were reelected. They are:
George Howard, president; W. w.
Spaid. vice PRESIDENT; l. A. Slaughter.
jr. vice president, and II. A. letters.
cashier.
The directors Of the National Capital
Bank met and reelected it's officers
as follows: H. H. Mckee, president;
Albert Carry, first vice president;
Samuel H. Walker, second vice presi-
dent; H. c. Stewart, cashier. and H.
D. Walker. assistant cashier.
The Farmers and Mechanics Ma
reelected William King president
and Robert D..Weaver first vice pres
ident. The election of second vice
president and cashier was deferred
until n future meeting of the board
of directors.
Lincoln Bank Election.
The Lincoln National Bank elected
officers yesterday afternoon as fol-
lows:
President. Floyd E. Davis; first vice
president, S. Dana Lincoln; second
vice president. Patrick r. Moran;
cashiern Albert S. Galley; assistant
cashiers. William Mex. Stowe1l. How
ard Wilson and j. Everett Baird: sec
rotary to the board of directors,
T. Loring, and w. W. MILAN, assistant
counsel.
Rail Problem Interests.
Some of the problems confronting
ba nking interests in the District were
touched on in the annual address report
of the president Of the Washington Loan
and Trust Company to the directors.
Mr.. Larner said:
I'VE are. because of our large holding
Of railroad bonds, intensely interested In
the outcome Of the railroad problem.
The bondholders' association formed in
Baltimore about two weeks ago, of
which association this company is a
member, 10 giving through its president
and executive committee much thought
to this grave question. / believe that
all we can do as investors Is to await
the action Of Congress and go exceed
ingly slow in the purchase Of railroad
bonds. We have adopted the policy Of
purchasing only short-tern railroad in
vestments whenever such securities can
be purchased at or below par. paying
the prevailing rates Of interest, and this
policy should be continued"
Mr.. Larner said that real estate
notes are scarcely obtainabie on ac-
count Of stagnaeion in building en-
terprises. This" he said. has al
ways been a great outlet for our
available funds, and. Of course. we miss
this form of investment. However.
we have been taking advantage of the
high rates Of interest on call loans in
New York. This form of investment
is safe and enables us to make use Of
our available funds. at the same time
keeping our assets liquid and ready
for instant use when occasion may de-.
mand."
As to Liberty Loans.
Dealing with the subject of the
liberty loans. Mr.. Larner said:
During 1913 the government noat-
ed successfully two loans. denomi-
mated tie third and fourth liberty
loans. The third loan Of $4,000
oee.eoo. AZ per cent. was opened on
the 9Th day of April. and closed on
the 4th day of May. 1918. This
loan was oversubscribed to the ex-
tent of $176.516,s50. The allotment
for the District was $t2.s74,40o and
the amount subscribed was $25.9s2.-
ESQ. OF this amount $1.716,f50 was
subscribed through this company,
with 1881 individual subscriptions.
The total number of subscribers in
the District Of Columbia. to this loan
was 1854. Our percentage of the
amount subscribed was 6-10. and of
the number of subscribers 10 $40.
The subscription of the company to
this loan was $4,000.
Fourth Loan Showing.
The fourth loan. of $4,000 100000. IN
per cent, was opened September %
and closed October 10. This loan was
oversubscribed to the extent of $685.
$4,000. The allotment of the District
OF Columbia to this loan was s27.eoS,-
o00. and the amount actually sub
scribed $4,000. 900 OF this amount
3I2.150.0oo was taken through the
Navy Department and credited to the
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