Evening star., 1920-06-24

association and with the various
members of the executive committee.
The enormous work in connection
with the convention preparations in-
cident to the accommodation of the
members of the A B. A. and their
guests-probably 5000 people-and
other detail labors suggested the nfr
cessity of u paid secretary who couhd
give his entire time to the details ef
the convention program, and the Sc
lection of Tom Grant leaves nothing
to be desired.
Accustomed to meeting men of iub-
portance and influence in business
life, thoroughly familiar with the
duties of secretary and extremely
capable, he is an ideal choice. -
When r. n. Harper, president OF
the organization, left for California
he left the matter of the selection Of
the paid secretary to Joshua Evans.
jr., and the latter lost no time in
closing with Mr.. Grant. man well
known to every banker in the city.
Investigating Conditions. -
w. G. Fitzwilson of New York, as
sistant secretary and assistant treas-
urer of the American Bankers As-
the arrangements made and being
made for the annual convention 6T
the association in October. He ex-
pressed the opinion that about 1000
visitors would be here, including the
delegates to the convention. T..
Joshua Evans, jr.. chairman of the
committee on hotels. gave it as his
opinion that the convention would
bring 5000 people to the city. He also
assured Mr.. Fitzwiison that there
would be little or no trouble in hous1
ing the delegates and their guests
as the hotels were giving the convens
tion all space available, and refusing
to consider accommodations for otheS
gatherings. no matter how small. 81
The American Bankers Association
now has membership of 22,o6s
banks. making 1t one of the greateye
factors in the business world. giVi
ing to it's recomm endations and res-
olutions great weight with Congress
and political parties, as well as with
commercial bodies.
100 Per Cent stock Dividend.
The Guaranty Company of Balti-
more has declared a 100 per cent
stock dividend, reimbursing all thax
the holders of the common stock orig
inally invested in the company. The
regular dividend of l q per cent was
declared on the preferred stock. The
shareholders meeting to approve the
STOCK increase VIII De nelu on july -.
The stock is but S506.500.
R. Golden Donaldson, chairman ~
the board of directors of the Comr
mercial National Bank of this city,
has recently been added to the direc2
tory of the Guaranty company. ~
1877 n share for Common stock.
The Columbia Graphophone Cons
pany in its application to the Stock
Exchange to list 57613 additional
shares of common stock, previously
declared in the form of a stock divi-
dend submitted an income account
showing net income for March 81
quarter of $1,7S6.736 after deducting
depreciation and all other charges.
including excise income and excess
profits taxes. This was equivalent to
S167 a share on the common outstand-
ing as of March 81. after allowing
for preferred dividend requirements.
or at the rate of S6.6S share foe
the full year. The balance sheet
showed cash on hand at the close or
the quarter amounting to SS.592,lIs.'I
On the Local Exchange.
Trading on today's session OF the
local stock exchange was rather light,
but a little firmer tone prevailed. Raifs
way preferred rose to 1914 and 39E.
Washington Gas sold at 44h ana
Washington Railway As at 81.