Evening star., 1921-09-29
PICKS COMMITTEE
ON BANK BUILDING
Chairman Reeside Selects
Strong Men as Associates.
Bio Demand Traction IS.
by 1. A. FLEMING.

ny 1. A. FLEMING.
Frank s. Reside. named by JorT'
b. Larner, president of the Dts'r ~
Bankers Association, to heaa che
committee charged with the tasf- OF
erecting a building as a home toc the
Various financial bodies or "asSnhe-
ton, the Stock Exchange, Clf arlnS
House Association Bankers A;ssocia :
tion. Investment Bankers S.ssocia-
tion. Institute Of Banking and the
headquarters of the Amerlcsn Bank
ers' Association, has comlEeted ahe
personnel of his commltteeA
=. The full committee Is hs foilows
Y. S. Reside, chairmaa hHdiar Seesee Association
Charles j. Bell, presh6.nt OF tne
American Security and Trust Com.
pany: John Joy Edsons chairman oi
the board of directors OF the WASH
inston Loan and Tr-lst COMPANY
samuel J. Prescott. Chairman of the
board of the Second National SANK
Joshua Evans. jr.. vice presfaeh,'
Riggs National Bar.H,; w. W: Spaio
president of the Dupont Natloha'
Bank, and of W. b Hlbbs q 70, SaX
BoWles. cashier of the Potomac SaV
ines Bank, and Frank G. Addison, I'
vice president Of the Security Sa'-
ings and Commercial Bank.
Bankers generally consider the COM
mittee as namtsd decioeoiy stai
as TO building and financial condlIlons,
building ma ierials and mortgage
loans as we'll as property values. o.
1t is adm Itted that the TASK ee'
may take Inany months IN accon i
ulishment, and that it may De heces-
sary to secure temporary quarters
, for the va rious organizations IN sohe
located building, penolAe the
COMPLETION of plans for the efeclioh
of the p proposed structure
Mr.. Iarner, as president OF tne
sociatisn, is. eligible to SIT With 'ne
comm ittee, If be SO elects
+. &. Reeside announces that ne Will
call a meeting of the building coIn-
mit1ee tor next week, sending OUT no
tices thereof in the immediate future.
: Other names may be addeo u 'he
committee from time to ume.
= Personal Mention.
George E. Fleming, vice presHent
and assistant trust oHcer " sns
Union Trust Company, has returned
from a vacation covering the greater
part of the month.
Credit Clearing House Reports.
Credit clearing house reports pur-
chases in the United States per cent
greater than for the previous week.
indebtedness increased IL per cent
and payments increased per cent.
ON the Pacific coast section there
Vas no increase in purchases, in
debtedness increased IS per cent ano
payments were 81 per cent better
Than year ago.
In the mountain section business
was 81 per cent more tnah sea, ar
ago, Indebtedness decreased % per
cent and payments increased 1873 per
In the northern agricultural section
business decreased ST per cent III
,omparison with the same week
vear ago, Indebtedness was less ano
nayments increased Sd per cent.
In the east section business mas
decreased, indebtedness is % PEI
cent greater and payments IL pei
BUSINESS is little better in the
southern agricultural section, deDI
IA ner cent less and payments O.I
Ger cent less. The figures are 1or
the week ending September Z3.
May Change Its Name.
At the meeting of the shareholders
of the Banking Trust and mortgage
Company to be held TINS evening
nronosition to change the name OF
the company to 1.-The Banking Trust
Company" will be acted upon.
The following is the probaDle Oh
fetal roster of the INSTITUTION:
M. A. Winter, chairman OF the Doafo
of directors: Percy s. FOSTER. piesI
dent: George E. Fraser. first VICE
nresident; E. ]. Ayers. vice president
and secretary: H. w. Robertson. wee
president and treasurer, ana X. Id
McNeill, general counsel
a. II. Fowle, organizer of the com
pany, will inform the shareholders
of proposed changes in the temporary
which has been leased for two years
,The hank will be formally opened
November /.
Local Bonds Active.
There was good demand on the loca
stock exchange for investment Donds
Capital Traction 5s attracting the great
est attention with sales OF $SS,oOO tace
rSe aggregate there were many different
safes Washington Gas 5s were strong
selling at 80.
Potomac Electric general mortgage IS
brought 81. Riggs Realty 5s. long term
maturity, sold at IS.
Trading in stocks was rather slow
with Capital Traction selling ex-divi-
dend at s6ss to S6h and Washington
Gas at 47k.
Big Bank Merger.
SThe Metropolitan National Bank OF
New York city and the Chase National
Bank are to merge under the mans
special dividend Of $50 share Will be
given to the Chase National sharehol-
ders to equalize the book values, after
which the Metropolitan National share
holders will receive. at their option. $500
a share in cash or one share Of Chase
National Bank stock. The Chase Secu-
rites Corporation is also involved in
the transaction. This will give the Chase
National seven branches, six OF which
are now located in the borough of Man.
haitian and Brooklyn.
Rank Of Commerce and Savings.
At the annual meeting of the share.
holders Of the Bank Of Commerce ano
savings the following directors were
elected:
r P. Andrews, Louis Bush. W. A
Bennett. A. Bryiawski. F. W. Bolgiano
Floyd Z. Davis, r. L. Elliott. c. p. Ed
wards, A S. Galley, 8. Hart, g; A
Kneessi. NJ. A. Leese, J: H. Miians
Harry E. Mayer. Irving Owens. M; D
Rosenberg, John NJ. Riordan. Ellie
sheetz, j. Sanders. c. A. Weaver, Alex.
ander Wolf, o. B. Zantzinger, F. H
Morhart and John F. Maury. The last
named is an addition to the board Of