Evening star., 1920-01-16
BANKS RESOURCES,
S25,0()O,0DOEACH
TWenty-Three Institutions
Located in D. c., Maryland
and the South.

Twenty three banks having re-
sources of s25 ,ooo. 900 each are in the
District of Columbia, Maryland and
the southern states. divided among
the various cities as follows: Balti-
more ,; Washington, l: Richmond, ):
Norfolk. /; Atlanta, ,; Nashville, i
Louisville, l; Birmingham, I: New Or
leans. /: Dallas, 3: Houston. ;; Fort
Worth >, and Tulsa. /.
Park Savings Election.
At the annual election OF the Park
Savings Bank, held Tuesday, January
13, the following directors were elect
ed: Wade H. Atkinson. +. W. Bolgi-
ano, l.. +. Breuninger, {. : bundy
Joseph w. Cox. II. +. Dismer, ]. @
Gheen. l.. W. Groomes, Charles T..
Gross. {. F. Jenkins, A. F. Jorss, W
H. Klopfer. B. Leonard. &. c. MURRAY,
p. J. Nee. H. A. Polkinhorn. George 4
Provost, A. T. Ramsay, Thomas som
erviIle. William B. Todd, William NJ
d. West, c. c. Wineberger Mr..
Groomes was the new director added
; to the board.
At the directors meeting, held i'm
medately following the election, the
! following officers were reelected:
| i
! T. Breuninger, vice president; Walter
II. Klopfer, vice president; George T..
Walker, vice president; Frank W
Bolgiano, vice president; William B.
Todd. secretary; Robert 5. Stun.
| cashier: b. Mcneil. assistant cashier;
Joseph w. Cox. attorney, and George
| A. Provost, counsel.
Potomac Banks Proft-SharinE Plan.
A plan formulated by George W.
! roto Go "
! ings Bank, to bring relief to the en-
ploves of the institution and help
| them cope with the present high cost
of living is being tried out with great
success.
| The plan was presented to the di-
rectors of the bank and adopted by
! them. According to the proposition.
which rewards the employees of the
bank in proportion to its earnings.
| they are guaranteed monthly draw
| ing accounts. the same amount beng
| paid as drawing accounts as had been
| Heretofore paid as salaries Then
| from the gross earnings of the bank,
! the drawing accounts and all other ex-
penses, including dividend payable to
! the stockholders giving a fair return on
| the money invested, which includes sur
plus as well as capital stock, is de-
| Quoted.
| Represents Net Profit.
! The balance. which represents the net
profit. after payment of all expenses.
| including dividends. is divided in two
parts. of which ono part is given to
| the employees as remainder of salary
and the other half to the bank to b.
| applied as the board of directors see f1t-
+; The fund given to employees has been
! paid to each individual in the same pro-
| portion as his drawing account has
borne to the total drawing account
From July /, 1919, TO January /, 1920,
the share of net profits which under
this plan was given to the employees, in
addition to their drawing accounts.
! amounted to more than 20 per cent of
the salaries which they had heretofore
received.
In addition to this. the bank i'm
Iproved 100 per cent in efficiency, and
bluring the period of time which this
,pIan has covered has made for itself
1.-THE largest earnings in its history, in
idcating that the profit-sharing plan.
even in a bank, is most complete
success.
HoIcOmbe G.. johnson Elected Director
Through an inadvertency the name
of Holcombe G.. Johnson was not in
cluded among the board of directors
elected at the annual meeting of the
commercial National Bank held on
Tuesday. January Is, 1920. Mr.. John
son is one of the newly elected mem
bers to the board and is connected
with the insurance firm of Johnson &
Adams.