Evening star., 1920-03-04
LIBERTY SAVINGS
BANK CHANGE SOON

BANkCHAVGESOOl|
change of considerable importance
occurred in financial circles last nigh
when the stockholders Of the Libert,
Savings Bank at = special meeting
voted unanimously to ratify the ac
tion previously taken by the Director
10 convert the Institution from saw
ings to a national bank.
Fully I25 shareholders attended the
meeting. which was held in the new
building of the bank. at 18th and
streets. and after business had beer
dispensed with avai1ed themselves OF
the opportunity OF inspecting the
randsome structure that has just been
completed and which will be the home
Of the bank after the middle or mex
week
The new building will be occupied
by the bank exclusively. The main
banking room. which is ff0 by IS feet
with a twenty -hve-foot ceiling, Is
flooded with light and contains every
modern convenience for depositors
The private Offices OF the president
vice president and cashier are located
IN the front part OF the main room,
facing the 18th street side of the
building.
Room for Directors.
In the rear over the safe deposit
department is a mezzanine hoor.
where the room for the directors rs
located The interior OF the building
is finished in bronze and imported
italian Rosato marble which runs
IN ha 10 X q
the latest design. Holmes d Wins
low of New York were the archl-
tects for the building. and Samuel }.
Prescott of Washington was the con-
tractor.
The charter for the transforma-
ton of the bank from a savings to
p national bank is being drawn up
and will be ready in a few days.
The Liberty Savings Bank was or
Canized October. 1917, and. accordin 8
to a statement issued November l.
1918. it's resources totaled s4ei. .soV; 20
undivided profits $2.56s.s7. and de-
posits of $2s2.631-3s.
Resource. Febsuary -
On February %. this year. the day
Of the last call of the controller OF
the currency, the banks resources
1otaled more than $1.0o0,o00, win
capital stock of se50.o0e. surplus $:S.-
600. undivided prontS $i-'afi''o' "no
deposits of s11l,5S6.
The officers of the bank are:
George o. Watson. president: Or.
William l.. Robins and Grant W.
Taylor. vice presidents. Edward j.
McQuade cashier, and J. b. Skinner
assistant cashier.
The board of directors. which were
authorized to act last night until the
regular annual meeting Of the bank
in Nav include: Charles A. Cam2ller.
S T Cameron. Merritt 0. Chance
Judson T Gull. jr.: Paul Z. Johnson,
George L. LARSEN p; J. MsQ1aae.
meyer. James O'Donnell. DR.. William
l.. Robins, Grant W Taylor. Eugene
F. Thompson. George .. watson anu
William n. McCray.
Mr.. McCray was the only newly
elected officer to the board last night.
Elect II. 4 DsttinGer.
Henry L. Bittinger. was elected 10
the board of directors Of the McLach-
Ian Banking Corporation at a recently
held meeting of the board.
Conditions Of Deposits
In compliance with the call of the
controller of the currency issued yes
terday for conditions of deposits as o.
February IS. the following oanAS
showed:
Commercial National Bank. S11.s11.-
e2o. decrease from tnat OIL thC lAot
call. December 81. Of $110.SS..
Dupont National Bank, $1.292.156. .
decrease of SSS.404.
National Capital. s1.437.o0o, de-
crease of $57.454.
Anacostia Savings Bank. $.s3,53s.
decrease of $11.S22.
Central Savings Bank, $55l.2x4. . de-
crease of 1884. A-..
Citizens Savings Bank. $5o1 ,251, An
increase of S1S111.
Commerce and Savings Bank, w.
So3,3s3, a decrease Of $s7.27s.
Exchange Bank, $s4e.8S9. An increase
of S2o.1s5.
Industrial Savings Bank, $422, ,21,
an increase of S7S.240.
North Capitol Savings Bank. $780,
73@, an increase of $S.39S.
Washington Mechanics Bank. $395.-
ia, an increase of $4J.Se1.
On the LEGAL Exchange.
Old Dutch Market. preferred fel-
tured the trading on the local stock
exchange today. Three hundred shares
of this stock were sold after call at
1siA Two lots OF Continental Trust
Company. of ten shares each. sold at
112 while five shares of Washington
Railway and Electric preferred
brought 51k
There were also two Capital THac-
ton 5s bonds. one of $l,O00 and one
of $500 sold, the former at 931 and
the latter at 93A.