Evening star. [volume] (Washington, D.C.) 1854-1972, 1920-05-07
FORM CORPORATION
| TO HANDLE CREDITS
International Finance Com.
pany Has S. 600, 900
Capital.
ny I. A. FLEMING.


The International Finance Corpora
tion IS the name OF new orEaniza-
ton formed by local interests for the
purpose Of engaging in the accept
ance business. the latest and most
popular form of credit.
This company will have capital
of 100000 and its offices will be in
the National Metropolitan Bank
building.
! ]. A. M. Adair. former member of
Congress. is to head the corporation;
Maj. Guy T. Scott. presidetn OF the
Continental Trust Company. will be
its first vice president; A. c. Lampe. sec
| rotary, and Ben Prince. who resigned
lumbia, will be treasurer.
So far ten directors have been
named for the corporation. Fred w.
! Mackenzie. Charles A. Douglas, w.
G. Carter. Walter +. Tuckerman. Maj.
Guy T. Scott. w. Bernard Duke, J. A.
| NJ. Adair, Ben l. Prince and A. c.
| Lampe.
| The law firm of Douglas. Obcar &
| Douglas will be counsel for the cor
poratiOn.
| Bank Gan May 4.
| The expected call of the controller
| of the currency for a statement OF
condition Of all national banks and In
this District of all banks was made
| this morning.
| The last previous call was for the
| close of business February IS.
| In the interim between the two calls
| government deposits in the national
| banks have been drawn down almost
to 100 per cent.
When the final returns are in they
| will unquestionably show net gain
of millions in deposits. the natural in
crement to the community. as March
l n MI NN~fl thc - Ia
economies on the part of the people.
The payments of taxes do not figure
| in the statements. as very few have
been made. but during the current
| month the deposits will suffer severe
ly as a result of tax payments. with
no return of the peoples money to the
banks that they may lend it to the
| people. as usual in years past
! This year the government needs
| the cash and will not redeposit the
| usual $4.000.00O.
Gains were shown in deposits: BY
| the Du Pont National. deposits s1,642,-
269. gain s350.533: Columbia National.
| deposits $2.s72.432. gain s5.404: Ma
tional Metropolitan. deposits $1O.4s1.-
! 533, gain S704,S75: District National,
deposits s7,sse.3ss. gain s!s7:sol;
7s2. gain s2ss.797: American Ma
+! tional. deposits s4.213,s75. gain s649.-
246; Lincoln National, deposits s5.159.-
| $40. gain s147.093; Riggs National.
| deposits se3.so0,0oo, gain s7so,oo0:
National Capital Bank. deposits ST.
| 6S3.397. gain s256.397; Second Ma
tional, deposits s3,603,6s6, gain $780,
1872
! The Union Trust Company reported
deposits of s6.309,4sS, gain of
! $427,277
/ The Munsey Trust Company. with
deposits of si.59S.522, showed an in
| crease of $455,295; American Security
deposits, showed a gain of s1.416.344:
Washington Loan and Trust, deposits
$11.729,543, a gain of S190.743; Cont
mental Trust Company, deposits So.
299,719, a loss Of $183,063; National
| Savings and Trust, with deposits Of
$10,673,622, showed gain Of $780,
941.
National Bank of Washington. with
deposits Of $7.S93.63S. gained $4S5, 07O,
while the Liberty National Bank, re-
porting for the first time as ma
tional bank, shows deposits Of ST.
1O1.65S, a gain of s390,072.
The Federal National Bank, as a
| result of withdrawal of very heavy
\ government funds to the credit of
the housing commission. showed de-
| Security Savings and Commercial.
! with deposits of S3,648.79S. showed a
gain of $175.466: East Washington
Savings, deposits, ss71.95s, a gain Of
| 1850; Citizens Savings Bank, de-
| posits. S605,2S1. a gain of s104.030;
| Northwest Savings. deposits. S463,632.
a gain Of $43.677, and the Central
Savings showed $6s0.742 deposits,
gain. $41.5S.