Evening star. [volume] (Washington, D.C.) 1854-1972, 1919-05-22
THE DUPONT BANK
ELECTS OFFICIALS
Three Directors, Assistant
Cashier and Perhaps Presi-
dent to Be Chosen Today.
BANKS SUCCESS MARKED
BY I. A. FLEMING.


tors of the Dupont National Bank will
be held this afternoon. AT this meet
ing Paul Dulaney. Benjamin l.. Du-
| laney and w. F. BENIN will be elect
ed directors and George Baden will
be appointed cashier.
1t is also within the possibility that
president will be chosen to fill the
vacancy caused by the death of
George Howard. the former presi
dent of the Dupont.
In this event the president-elect
will also be added to the board of di-
rectors.
Success in Floating Loans.
The Federal National Bank re-
oeived subscriptions for the five lib
a quota of s2.455,2Oo for the five loans.
it forwards subscriptions for S10-
279,150. distributed as follows:
First loan-Quota, S279.700; sub
scriptions. s1.36s,2oo: subscribers.
1879.
Second loan-Quota. ss7s.ooo: sub
scriptions. s1.42s,s5o; subscribers,
5,O45.
Third loan-Quota. $37S.so0: sub
scriptions, s3.130.550: subscribers.
1886.
Fourth loan-Quota, ss073O0: sub
21,0O3.
Fifth loan-Quota. $61S.400: sub
scriptions, $9s5.05O; subscribers, 7,168.
The National Metropolitan Bank
showed total subscriptions for the five
loans of sS,47O,O0O, sold to 1888 sub
scribers, as follows:
First loan, subscriptions, s1.142.l5o;
subscribers. 6,136.
Second loan. subscriptions, s1,1ss.-
200; subscribers. 1910.
Third loan. subscriptions, $1.431,-
200: subscribers, $3.50.
Fourth loan, subscriptions, $3.50
ESQ; subscribers. 1885.
Fifth loan, subscriptions, $1,3S2,zoo,
with 1879 subscribers.
This bank was over its quota in
every loan.
The Union Trust Company passed
its quota on all loans. selling $780,
500 bonds.
First loan, subscription, 1893, 500.
Second loan, quota, $991,400; sub
scriptions. $1,000,000
Third loan. quota. s51s,7oo; subscrip-
lions, $903,650.
scriptions. S2,419,o5
Fifth loan, quota, $4,000; subscrip-
tions, $902,400.
Debtor, Now Creditor Nation.
Americas pre-war debt to Europe Of
Sc. 900, 100000 has been turned to
postwar credit of $8,000.O00,0OO, ac-
cording to Lewis B. Franklin, director
of the war loan organization OF the
United States.
The money owed Europe at the out
break of the war had gone into trans
continental and other railroads and
our securities were held in France,
Holland. England and Germany. We
have bought back the securities,
equalized accounts and loaned $S,00O,-
| 100000.
we cannot and probably do not need
to look to Europe again to develop
the natural resources of the United
States The wonderful ease with
which recent colossal financing has
been put through demonstrates Amer
ica's capabilities to meet her own
problems.
Mr.. Franklin asserts that the war
savings and thrift stamp continuous
campaign had inculcated the thrift
habit and that it was vital to future
financing.
Eugene E. Allies for New York.
Eugene E. Allies. under whose ca
pable and able management the Ma
tionaI City Company has built up a
tional Capital. has been called to New
York city. with greatly enlarged
field of effort and responsibility. He
will, however. retain his dictatorship
| in the American Security and Trust
| Company. and other interests in this
| city. Mr.. Allies was a member of the
! local liberty loan committee, serving
faithfully through the five loan cam
| paigns.
On the Stock Exchange.
There was a fair business doing in
local securities with prices just steady
and without change. Graphophone
preferred sold on call at 97A and aft
er call at 81.
Railway preferred was steady at go
and Capital Traction at ssh while
Washington Gas was firmer at 81.
There were no transactions In bonds.
FINANCIAL.