Evening star., 1919-01-21

HARRY v. HAYNES.
lH,rris & Ewing photol
ed, thougfr tie announced that he did
not desire Ve-election, because he not
only wanted. more time to attend to
his private Sbusiness, but also more
time for rest \and recreation. He was
prevailed on 6y the directors to re-
main as president of the bank till a
successor should be determined on
and with that agreement he accepted
reelection and THEN wrote his letter
of resignation to take effect tomor-
row evening. y.
Harry V. Haynes, ipr some years as
Gistant cashier of thu Riggs National
Bank. has been for nineteen years a
member OF that organic etion. The Farm
ers' and Mechanics N:Eional Bank is
one of the old banks of the District
of Columbia, having been established
in 1914. and having enjoyed long and
prosperous career.
Mr. Haynes selection asNhead of the
Farmers and Mechanics, constitute
another tribute to the American In
stitute of Banking. of VIII tch he has
long been ar active memter. having
served a term as vice president OF the
national organization and another as
president of the Washington s'chapter.
Mr.. Haynes is the fifth active member
or the Washington Chapter sof the
dent of a bank, the otheEs being
George W. White. president of the
National Metropolitan: John Poole.
president of the Federal Ma ational:
George O. Watson. president ~ the
Liberty Savings Bank and Edmund s.
Wolfe, president Of the First Bridge
port National Bank of Bridgeport,
Conn. J.;
Mr.. Haynes carries with him to the
Farmers and Mechanics Bank the
cordial good will of the Riggs Ma
tional Bank. The relations betw cen
these two institutions nave always
been most friendly and there has been
mo more popular member of the
Riggs organization. among its per-
Sonnel as we'll as with its customers,
8 than Mr.. Haynes. That he will be
able to accomplish much in carrying
3 out the progressive ideas OF the d.
rectors Of the Farmers and Mechan-
les and extending the business and
well deserved popularity Of that In.
efitution is the prediction OF all
members of the banking community
who have learned Of Mr.. Haynes
election.
The board of directors of Riggs
National Bank in the matter of the
resignation of Mr.. Haynes and his
election as president of the Farmers
and Mechanics National Bank adopt
ed resolutions expressing regret and
extending best wishes TO MIN In his
new field.
Arthur E. Probey. who left the
Farmers. and Mechanics National
Bank to enter the Army. is in service
in France. Letters to friends in the
bank say he is we'll and happy.
Three Vacancies to Be Filled.
At the last election of officers Of
the Farmers and Mechanics National
1ank, Robert D. Weaver was re-elect-
Cd hrst vice president and Charles
"a Cragin. attorney, but three va
cAncies in the staff Of officers OF the
bark were not filled. These were the
od1ces of second vice president. cash
Ter and secretary to the board OF d.
vacated by the death Of their occu-
pants who were J. Henry Small. Jr..
]. second vice president, and Charles w.
!. Gdmonston, cashier and secretary.
These Offices will be flied by the di-
rectors after consultation with the
me directors of the Farmers and
4 tNschanics' are Henry W. Fisher,
FGoofEe l. Nicholson. Robert D. Weav-
Z en- Charles H. Cragin, ]. Edward
Dyer. ]. H. Lee, Thomas ]. Stanton.
4 McKenney Berry and William King.
4 American Security and Trust Co.
The stockholders of the American Sc
kcurity and Trust Company. at their
rnnual meeting today. elected directors
..J follows: Eugene E. Allies. Charles J.
Bef.. John c. Boyd. George w. Brown.
!. Albert Garry. William NJ Coates, Muir
ray A. Cobb. William s corby. VIII
& liam C.. Eustis. William w. Everett,
/. William ]. Father. jr.; Daniel Fraser
: James NJ. Green, Gilbert Fl. Grosvenor
Joseph Letter. Edward b. Mclean
NJ
: Myron NJ. Parker. Albert II. Read
Howard s. Reeside. Charles S. Spalding
tsoreoran Thorn. John f. wilkins and
Clarence R. Wilson.
The directorate of 1919 is unchanged
from that of 1918. with the exception
that william w. Everett was added te
the body Of directors.
President Charles ]. Bell in his an
nuai report to the stockholders. showed
that the gross profits. after payment Of
sS3s. .9s0.21, and the net profits, s45S,-
Es4.9s.
Alien Foreign Exchange.
The banks and trust companies o,
Washington have received from the
federal reserve bank of Richmond q
ettcr quoting new regulation by
the division of foreign exchange o,
the Federal Reserve Board which is
Of interest to those banks dealing il
foreign exchange. Since the issu
:incc of previous instructions" the
letter says enemy occupied Belgian
territory has been restored to its
: own government. and il has beer
eund that balances of American in
;-itutions with Belgian banks have
oecn taken over by GERMANY. and i
eili. therefore, be necessary to in.
c.Gde such balances in the state
ment"
ITO enable proper checking" say:
fred I. Kent. director of the division
q: foreign exchange. 'and assure tn,
Z delivery to the alien property Gus
fodian of a correct statement. deal
ers in foreign exchange are hereb,
Instructed to furnish the division o
foreign exchange Immediately will
a complete detailed statement of bal
;nces which are owed them from
evenly territory in the foreign money
~ the country, including the part o
!. ielgium which was occupied by Ger
ai;any. and giving the names of th'
hanks or institutions with which th'
/ nds are on deposit"
The letter further says that lit il
BILE to include in the statemen
10 the alien property ustodian bal
s.ces held her. FOR alien account
rren though they may have been pre-
viously advised to the alien nrobert.