Evening star. [volume] (Washington, D.C.) 1854-1972, 1920-01-28

cashier. is a son of Frank P. Harmon.
for years president and chairman of
the board of directors of the Com
mercial National Bank. and. while a
young man. brings with him prac-
ticaf banking experience of seven
years.
Bank in New Home.
The Merchants Bank, of which
Peter a. Drury is president has but
recently moved into its new building.
1413 CT street. where it inaugurated
its opening by starting a Christmas
larity by recording membership of
over six thousand members within
the month the club had been opened
for enrolment of members.
The success of the undertaking has
caused the bank to open the Weekly
Banking Club, with features to at
tract deposits of children's savings.
but with privileges that permit pay
ments of a size to interest large de-
pOsitors.
To Speak on Income Tax.
A large attendance is expected to-
night at the meeting of the Ameri-
can Institute of Banking. when Rob-
ert v. Fleming of the Riggs National
Bank will address the members on the
different phases of the income tax
Last night Nelson ONeal delivered
an interesting talk on bookkeeping
Deposits" pointing out to the student
body the many intricate questions
that arise in that department OF
banking.
Tomorrow night Tracy L. Jeffords
VIII speak at the regular Thursday
might meeting OF the institute on
mortgages and Similar TRANSACTIONS.
Plans for Convention.
In conversation with a Star reporter
today. NJ. ID. Rosenberg, president of
the District of Columbia Bankers As
sociation. said that meeting of the
council of administration of the asso-
citation would be called at an early
date TO arrange for a general meeting
Of the organization. when plans would
be made for the Forthcoming conven-
ton OF the American Bankers Assoc
citation, which is to be held in Wash
ington for four days. starting Octo-
Der Is
As soon as definite plans have been
eceiyed from New York regarding de-
tails of the program. committees. etc.
said Mr.. Rosenberg. Our association
Jvill begin work. The convention will
he the most notable banking event ever
held in Washington. and as we had to
put up d spirited fight 10 draw the
plum, no stone will be left unturned
that will help make it a success
1t Will mean at least 5000 visitors
10 the city-the most representative
IiIfIi VI tiit anu II Will De ii
splendid opportunity TO prove to the
country at large what an ideal city
Washington is for the holding of con-
NentIons. ! have every reason to feel
that the citizens of our city will re-
epond magnificently."
Bank of Washington Election.
At board meeting of the directors
Of the National Bank of Washington
Today the following officers were
elected for the ensuing year: Clarence
r. Norment, president; Daniel Fraser
vice president; George l.. Starkey. vice
president: George y. Sacks vice presi-
dent; Albert Il. Ruff cashier: W. Wal
lace Marin, assistant cashier; Samuel
r. Baulsir. assistant cashier and T.
Frank White assistant cashier
Mr.. White is the only new officer
elected.
Trading Is Light.
Trading continued light on the
Washington Stock Exchange today
sales being made up principally of
odd lots of stocks. After call five
shares Of Washington Gas sold at
eSL, two lots of Commercial National
Bank stock of five and ten shares
brought ISL for the former and IFS
for the latter.
There were two ten-share lots OF
Continental Trust Company sold at
S67 and 1911, twenty-five shares of
Did Dutch Market preferred sold at
s0l., and one $1,000 Potomac Electric
general per cent bond sold at 81