The Washington times., 1920-01-20
LOCAL FINANCIAL
And BUSINESS
GOSSIP

Rear Admiral Cary Grayson was
today elected a member OF the boa rd
OF directors OF the American Security
and Trust Company, at the annual
meeting OF the ockholders of that
institution. Animal Grayson will
take the place OF Eugene E. Alle..
who resigned from the directorate
upon the recent term nation OF his
residence In Washing .on. .-...-
The additional direc ,ors OF the COM
pany who were elected today include
Charles J. Bell. John c. Boyd, George
". Brown. Albert Carry. William M.
Coates. Murray A. Cobb. VIII am 8.
Corby. William c. Eustis, william w.
Everett. William J. Flather, Jr., DAN
lei Fraser. James M. Green, Gilbert
ii. Grosyenor. X. HarriEon Johnson.
Joseph Letter. Howard Moran, c.
Percy McGlue. Edward b. Mclean.
Clarence r. Norment. Newbold Noyea.
Myron NJ. Parker. Albert NJ. Read.
Howard s. Reesi 6. b. r. Saul. James
+. Shea, Charles A. Spalding. Corco-
ran Thorn. John r. wilkins and Clar-
ence Il. Wilson.
The following officers OF the insti-
tuition were reelected: Charles J.
Bell, resident: Corcoran Thorn. Il. u
saul, Howard S. Reeside and HowaI
Moran, vice presid' nts; lanes T..
Hood, secretary: Charles II. Howe.
treasurer: Alfred b. Leet. trust ofri-
Ger; William l.. Beaie, real estate offi-
er; John G.. Holden. auditor and bond
officer: +. @. add son. jr.. manager OF
branches; Martin r. West. assistant
ecretary; David N. Houston, Alfred
:. Flather, T. Stanley Holland and
Kenneth F. Brooks, assistant trust
officers; william w. Keck. John L.
Fugitt. Edward IL. Swan. Hans w.
ireland and Richard Il. Harris. assist
ant tr, asurers.
Charles ]. Bell. president. IN his
annual report submitted today, stated
that business OF the company has
shown a very steady growth during
the past year in all departments. Mr..
Bon reported that the merger or the
Home Savings Bank branches proved
very valuable move, as Indicated
by the results of the first nine months
Of operation.
On account of the continued high
cost of living the board, at Its No
vcmber meeting. appropriated the
sum of $ls,96350 to be distr ibutcd
among the members of the stan, ex-
.lusive OF the president and the vice
presidents, as additional compensa-
ion. on a percentage basis, dependent
on the length OF service.
No change was made in the d'recto-
rate of the officers of the Nat 'onal
avings and Trust Company at the
annual election Of that institution
yesterday.
The officers who were reelected are
~ follows: William ID. Hoover. pr ST.
lent: Woodbury. Blair. first vice presi-
ent; Frank w. Stone. Sc ond wee
PRESIDENT: Frank Stetson. trust offi-
GER: Charles c. Lamborn. tr asurer:
=. Percival Wilson. secretary: Frank
X. Ullm,r, assistant treasurer.
The following directors were re-
elected: Woodbury. Blair. James A.
Buchanan. William A. II. Chu ch. Val
,er c. Clephane! William v. Cox, Will
lam e. Edmonston, II. Prescott Gas.
icy. william ID. Hoover. Reginald
Huidekoper. Thoma. r. Jones. Vic
or Kaufman. viii am F. Quicksall.
frank w. Stone. William II. Walker
and Henry X. willard.
/ AT the annual meeting OF the
stockholders of the Munsey Trust
'ompany today. the following Off.
ers were reelected: Frank A. Mum
ey, president: Wilton J. Lambert.
ice president and general counsel;
=. II. Pope, vice president and treas
urer: c. d. F/tcliffe. vice president
md assistant treasurer: T. c. Willis
ecretary; H. G. Pritts, assistant
treasurer and auditor; and c. Frank
cane, assistant treasurer.
The directors who were reelected
follow: Frank A. Munsey. Wilton j.
Lambert Perry Belmont. william T.
Dewart, G. II. Pope, Ashley NJ. Gould.
=. J. Henry. George r. Gather. T. c.
Wills and William T.. McRevnolds.
Trading on the local Stock Ex-
change was again Tight today. Twen-
~ shares Of Continental Trust Com
pany sold at 10. while tw" nty shares
4 Union Trust sold at lis and 1l5h
Lanston continued strong. ten
shares selling at s4h and the same
amount changing hands at SAN. Capt.
tai Traction stock was steady at 50.
while ten shares of Washington Rail-
way preferred sold at SAY.
In the bond inc, $1,000 worth Of
Potomac Electric First SIS sold at o.