The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1921-10-27
DESIRE RETENTION
GSTRUDWlCK AND
RIEMAN ON BOARD
Clearing House Passes
Resolution Regarding
Retiring Directors.
BANK GIVES FUND
Dupont Turns Over Directors
Fees to Memorial-Other
Local Notes.

AT the regular meeting OF the
Washington Clearing House Asso-
citation held Monday afternoon the
Following resolution was unani-
monsly adopted:
Whereas. the terms of ONCE of
Charles z. Rieman as class A direc-
Tor. and that of Edmund strudwick
as class b director of the Federal
Reserve Bank of Richmond will ex-
pire on December II, 1891. and
Whereas, the record as direc-
tors made by these gentlemen dur
ing their terms of once IL an en-
uaole one and their continuance In
once would seem to serve the best
interests of Federal Reserve Dis
trict No. IS.
Now. therefore, be Il. resolved
mat the Washington, d. C. Clearing
Mouse Association Is greatly pleased
10 recommend to the banks In
group No. OF this district the re-
nomination and reelection of Mf.
Hieman and Mr.. St-udwick as class
and class B directors, respective
~. and to bespeak for them the
consideration which their splendid
service merits"
Application for Membership.
Applications for admission to as
sociate membership in the associa-
uon were made by the following
banks: American Commercial and
savings to clear through the Co.
lumbia National Bank; Washington
Mecnanics' Savings to clear through
the District National; Standard
savings to clear through the Dis
trfct National; Terminal CONNER
ctal and Savings to clear through
the Commercial National and W. B.
Hiobs and Company to clear
through the Dupont National.
Chairman Mckee also announced
At the meeting that the examina-
lions by the Clearing House COM
mittee of the members and asso-
ciate members had been completed.
This work commnced in the early
part OF July last and continued
throughout the summer.
Dupont National Donates.
rectors of the Dupont National
Bank the members In attendance
contributed their directors fee to
the Belleau Wood Memorial Asso-
citation which was recently incor-
porated in Washington for the
purpose Of raising a fund of $780,
900 to rebuild the town of Belleau.
France, as a practical method of
honoring the 2.100 American SOL
diers who are buried in its ceme-
terry.
The Dupont National Is the pio-
neer in District banking circles In
this highly commendable move
Harry v. Haynes. president of the
Farmers and Mechanics National
Bank of Georgetown Is treasurer
of the association.
Local Securities.
Listing of the recent issue Of
s2,2o0.o00 Potomac Electric Light
and Power Company general re-
cert bonds on the Washington Stock
In this security provided the out
change yesterday.
This issue. which was recently
hoated by a syndicate at ssh. was
traded in to the extent of s1s.500 at
100, the majority Of sales consist
ing of $1,000 lots.
Washington Railway and. Elec-
trio common stock was compare
lively active, q total of 100 shares
changing hands at rs. Washington
Gas TVS were traded In to the ex-
tent Of $1,000 at 103. Washington
Gas IS $500 at s2H, and $1,000 Po-
tomac Electric, IS at SsK.
Call funds ruled at per cent
bid for per cent funds.
b. Personal.
Miss s. L. Mitchell. assistant
cashier of the American National
Bank has returned to that institu-
Elton after a two weeks vacation
/ spent in New York and at New Eng
land points.
A. I. B. Attendance.
A roll call at the first regular
meeting of the local chapter. Amer
lean Institute of Banking, denoted
There were 213 members actually
present. This surpassed the fondest
hopes OF officials by at least fifty.
To Attend Dinner.
Col. Robert N. Harper, George
10. Watson and Joshua Evans, jr.,
will constitute washington's dele
xation at the dinner to be given
kPresident McAdams OF the Ameri-
han Bankers Association in Rich
mond saturday evening.
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