The Washington herald., 1920-11-10
BRANCH OFFICE
TOOPEN HERE.
nsapssa Z MeKiipss, Wen
Ksswn Broker. b klsr LEGAL
Field On Nevsaber Is.
CLEARING HOUSE MEETS 18TH
Second National Bank win Eaaeav-
Or 10 Create Prseedest By QSar-
\ terly "Csed WIZ Meets.

With prospects Of more rapid
growth than has attended its un-
usually successful career of eight
years standing and believing that
the investment field is at present
not locally covered. the firm OF
Thomson and McKihnon.. nationally
known brokers, will 6n Monday.
November Is. open a branch once
at '1412 H street northwest. this
city.
The firm was organized and start
ed on its career in the fall of 1912
In Chicago. having membership in
the New York Stock Exchange. New
York Cotton Exchange. Chicago
Stock Exchange and Chicago Board
OF Trade. 1t was organized by r.
W. McKinnon. A. w. Thomson, T.
J. Brosnahan and S. F. White. all
OF whom were old scholars in the
School of finance and business.
While the above-named men are
still active executives. many ad-
f. ditions have been made to the per-
sonnel Of the partnership since the
firm's inception. principally from
promotion of employees.
Thomson and McKinnon have three
main Offices. situated in Chicago.
New York and indianapolis, while
branches are maintained at South
Bend and Evansville. Ind; Daven-
pert, Iowa; Minneapolis and St.
Paul. Mimi; Kansas City. Mo-. and
Lynchburg and Norfolk. Va
The facilities of the branch ONCE
of the new firm are complete as
can be possibly made to handle
transactions in all securities and
commodities in the various ex-
changes. Correspondents are es-
tablished in the South, East and
Middle West. and several exten-
sions reach points west as far as
Winnipeg and as far south as Jack
sonville and New Orleans.
Herbert H. Brown, well known in
local brokerage circles. has been
appointed manager of the new Of
hce. John II. Howell. formerly af-
hliated with W. B. Hibbs & Com
pany and Moorhead & Elmore, To-
cal brokers, has been installed as
assistant manager.
Henry A. Elwell. manager of the
department of banks of Z. l.
Stock & Company, is at present in
New York on important business
for his firm.
Owing to their inability to
unanimously get together at their
cent meeting regarding the bank
ing hour controversy. the Clearing
House Association will again meet
on November Is in the National Met
ropolitan Bank Building at 500 D.
m. at which time a cuLmination will
undoubtedly be reached. according
to advice received yesterday.
By virtue OF tAmbuge success at
tanned at the recent initial gather
ing held in the Continental Hotel,
officials of the Second National Bank
are seriously considering a get to-
gether" for their employees. friends
and families to be held regularly,
four times a year.
The weekly meeting of the ele-
mentary class, American Institute of
Banking. was well attended last
night. r. 3. Dickey. Washington at
torney, addressed the class on En-
dorsement of Negotiable Instru-
ments." followed by a quiz conducted
by Harry V. Haynes on Drafts and
Aceeptances-
Dividends were announced yester-
day by the following companies to
their stockholders: Lanston Mono
type. l y per cent quarterly. to stock
holders of record of November 20,
1920. payable November 30. 1920;
Washington Railway and Electric
preferred. "a per cent semi-annual
dividend to stockholders of record on
November %, 1920. payable Deeem-
Der l. 1920, and ID. c. Paper pre-
ferred. per cent. payable Decem-
Der 1. 1920. to stockholders of record
on November 2s, 1920.
MI CTnNHc