The Washington herald., 1921-06-04
ANACOSTIAB BANK
GAINS $l43,652 In
DEPOSITS In YEAR
Institution Organized in
1910 with Deposits of
S23,5O3.92.
OTHER LOCAL NOTES
Railway As Active; Waller
May Attend Convention.
Gould Announces Rules.
OTHER LOCAL NOTES

The Anacostia bank, of which
Maurice Otterback is president, has
just rounded out its eleventh year
with the remarkable showing of a
gain in deposits for the past year
ended June /, 1921. of s143,s52.43.
ssfs.05s.so contrasted with s775,4O7.-
TIA year ago.
The Anacostia bank was organ
ized May 10. 1910. under a West
Virginia charter. and opened for
business June 10, 1910, with depos-
It's OF s33,5o3,s2. and since that time
has shown a consistent gain from
year to year. The greatest stride
was taken during the year ended
June l 1919, when a gain of s22S,-
s43.35 was recorded.
Mr.. otterback, president, was one
Of the organizers of the institution
and its first cashier. He is an ex-
perienced banker of thirty odd
years being a graduate of the Ma
tfonal Capital bank, often referred
to as "the old banking school, {"
which also gave to Washington H.
n. Mckee. John NJ. Riordon, George
o. Watson, Ernest E. Herrel, W. F.
ID. Heron. and others
The bank is capitalized at S50,0OO,
with undivided profits and surplus
Of s3o.s70.5s.
Mr.. Otterback is sharing with
other officials of the institution con-
gratulations from many quarters on
the splendid showing.
Local Securities.
Washington Railway and Electric
4s practically monopolized trading
on the Washington stock exchange
yesterday morning. selling to the
extent of s4.500 at 81. Anacostia
and Potomac railroad LIST SIS broke
their period Of inactivity, $1,000 be-
ing disposed of at 73. Twelve shares
Of Capital Traction stock sold for
81, and IS shares of Washington
Gas changed hands at 41X and AZ.
Ten shares of Mergenthaler LIMO
type ware traded in at 11sk.
After the trading season it was
voted by members of the exchange
to stand adjourned on Saturdays
during June, July, August and Sep
tember.
Fulton In Town.
John W. Fulton, of Staunton, Va
one of the largest stockholders oI
the Franklin National bank, was in
Washington yesterday visiting
friends and officials % the bank.
waller May Attend.
y. T. GaIliher, president of the
American National bank, is en-
deavoring to have Cashier Wilmer
J='waller. at present incapacitated
with a broken arm, represent the
American National bank during the
District of Columbia's Bankers as
ISOLATION to be held in Greenbrier
shortly. Mr.. Galliher insists that
N enjoyable trip such as the one in
question is just the thing to restore
Mr.. Waller to normalcy.
Bankers Convention.
Ezra Gould. chairman of the COM
mittee in charge of the tennis tour
nament, makes the announcement mt
that all matches will be decided by
best two out of three, the winners
being required to play twice daily.
A handsome trophy will be award
ed the winner and also one tc the
runner-up. Thomas Grant, proml-
nent local financier advises that he
has the cup already won but re-
ports that his daily training sched-
ule for the event will go on with
out interruption.
All entries for the tournament
must be in the hands of Mr.. Gould
before Greenbrier is reached.
James Montgomery. of the Wash
ington Loan and Trust company,
will make an address on New Bus
ness and Bank Advertising" and
James D. Yerkes, of the Federal,
will discuss Every Day Bank Prob
lens"