Evening star., 1919-10-14
BANK STOCK SALE
IS NOW COMPLETED
Local interests Not Connect
ed With Commercial Ma.
tionaI Are the Buyers.

BIZ !. 4. FLEMING.
The negotiations for the transfer
OF I.%e shares Of the stock OF the
Commercial National Bank from
Frank +. Harman and his associates
was closed this afternoon.
r. Golden Donaldson. for ten years
director OF the bank. prominent
and well known attorney. represented
the purchasers in the transaction.
After the sale had been closed Mr..
Donaldson stated that with the block
acquired today. the interests repre-
sented by him now had in actual own
ership more than 81 per cent OF the
capital stock of 81. 600. 900 of the bank
and that with the exception OF a small
number of the shares acquired today
the stock would 60 into the hands OF
ten local business men not heretofore
connected with the bank. so that new
blood, new money and new business
would be added to the institution
The purchase OF this substantial
outstanding minority was made pri-.
possible friction and also to prevent
future offerings of blocks OF stocks
and rumors of deals having no foun-
dation and to put the majority owners
in a position to suggest additions to
the board of directors from among
substantial business men OF Washing
ton.
The resources of the bank are over
s1S000.00o
II is understood that Frank 2. Har-
man was the largest individual stock
holder figuring in 'oday's transaction
and that he trans erred about 500
shares of stock.
/ Arthur Lee. retired as vice prcsi-
dent some time ago; Wade II. Ellis.
Tanal Tate and former director.
named owen, all OF whom resigned
some months ago, are said to have
contributed to the pool holdings fig
uring in today's transaction:
A meeting of the board OF d.
rectors VIII be held on Thursday. at
which time there may be three new
directors elected.
Rolfe E. Boiling, president OF the
institution. will then make his final
decision as to whether he will re-
main at the head of the institution.
The statement il reiterated with ev-
cry evidence of sincerity on the part
of the representatives of the newly
acquired stock that they desire Mr..
Boiling TO remain with the bank. and
they may be able to assure him that
his best interests may he served
by remaining in Washington rather
than by returning to New York.
He has made many friends during
his years term of Office with the
Commercial National Bank. and his
decision to leave Washington would
be deeply regretted.
Gen. Harries Promoted.
The return of Gen. George II. Har-
ries, formerly president OF the WASH
ington Railway and Electric Com
pany, to civil life finds him pro-
NOTED to the vice presidency of Byt-
lesby & Co. with headquarters In New
York city. France. Italy. Serbia.
ferred honors of war on Gen. Harries.
Despite the honors and the active
military life. Gen. Harries expresses
unfeighed gladness on his return TO
his chosen field of endeavor. the OPP
Grating, engineering and financing OF
public utilities.
Must Have Your Tax Receipt.
II you plan a vacation to Canada,
liz you are going abroad, hunt up
your income tax receipt and have II
in your possession, for without it
you cannot buy a ticket for foreign
travel, not even across to Windsor
This matter has been one OF keen
ANNOYANCE to tourists to the Pacihc
coast intending to return via Canaoa,
for not one in a thousand considered
il necessary to lug an income tax re-
ceipt along as a travelling companion
Fourth Loan Coupons Due.
Tomorrow the second coupons on
the fourth liberty loan AZ per cents
will be due and payable.
Local Stocks Steady.
Trading on the local stock exchange
this afternoon was confined 70 'apl-
tot Traction shares at 81, Lanston
Monotype at sOs4 and Graphophone
common at 5la. These prices do not
indicate much. il any. change and the
Quotations at the close were fairly
! steady.
xr. g. n;~;l>rS