The Washington herald., 1921-04-01
STANDARD BANKS
new HOME ENJOYS
FORMAL OPENING
Savings Institution Now
Operates in Handsome
Structure.
FINANCIAL NOTES
Secretary Mellon Issues State
ment-Local Stocks Strong.
Bank Dividends.
FINANCIAL NOTES

The Standard Savings Bank. To-
Gated at Ninth street and New York
avenue northwest. yesterday morn
Ing formally threw open the doors
Of its deliberately appointed new
home to the banking public.
This bank, situated in the very
heart of this rapidly growing vicin-
fty, gives further evidence of the
popularity of the section as a busi-
ness location. and Is expected to aid
materially this commercial center
The Standard Savings is prepared
TO function in every capacity con-
nected with modern banking. A
progressive policy will be followed,
though sufficiently conservative to
best serve commercial s,nd financial
interests. Formalities will be strict
IL tabooed. and earnest efforts on
the part of officials will be made to
feature the personal touch" which
constitutes necessary element to
the banking business.
Indirect Lighting Used.
In the commodious banking room
of this new building, the wall and
pillars Of which are of italian mar
DIE, were luSI IdllCu hANuA Ss
Of mahogany and bronze. The indi-
rsslighting system adds greatly to
thA-general effectiveness, and will
make this one of the most attrac-
demonstrations of its kind in the
city. Offices for the officers and the
directors room are adjoining.
In the basement have been in
stalled safety deposit boxes. aggre-
eating 5000, of the latest design.
insufing the greatest security from
IRE and theft.
The Standard Savings has been
doine business in temporary quar-
ters since its opening last April in
PART. of its building. and even with
this,handicap and lack of facilities
IL has grown so rapidly that even
now it has won its place as one OF
the Progressive banks in the city.
Officers and directors of the bank
are men prominently identified with
local interests. and have given much
Of their time to make Washington
and its institutions what. they
should be. Algernon S. Gardiner
head of the Standard, is president OF
Gardiner & Dent. realty agents; ]
Rozier Biggs and E. ID. Williams
are the respective vice presi-
dents, while Dale S. Venables, for
many years connected with the
Home Savings, is cashier.
Directorate.
The directors include the follow.
ing well known men: wistar NJ. Bal.
derson. ]. Rozier 9iggs, Mrs. NJ
Brooks. John ]. Costinett. A. j
Driscoll. Isadore Freund. Algernor
s. Gardiner. Arnold Hirsh, Edward
Kohner, Harry 5. Lewis, William
NenIand. George Pitt, William E
Richardson. II. w. Robertson. l. S
d. Sauls, H. r. Schreiber, ]. &
Trew, Dale S. Venables, Ernest G
walker, Charles S. White. Fred ]
Wyatt
last night between 1870 and 1000
o'clock
Statement by Secretary Mellon.
March collections of income and
profits taxes have amounted to
slightly over 500, 200, 900 and have
TINS exceeded by about s125.00O. O9C
the March Is maturities of principal
and interest. according to a state
ment by Secretary Mellon yesterday
This margin is therefore availabIe
to meet other Treasury require
ments, including the Treasury Ger
tifcates maturing April Is. 1921
which were offered with a maturity
one month after the quarterly tax
payment date in. the expectation
that they might be retired out OF
tan receipts. The Secretary of the
Treasury has accordingly author.
lzed the Federal Reserve banks or
knd after Friday, April /, 1921, ant
untn further notice, to redeem in
cash before April 15, 1921, at the
holders option, at par and accrued
interest to the date of such optional
redemption, Treasury certificates oi
Indebtedness of Series L 1921 na.
turing April Is, 192d.
Local Securities.
Issues on the Washington STOCK
Exchange continued to show ar
Improved tone during trading yes
terday morning. Capital Traction
stock broke into new high terri
tory for the movement when ter
mares were disposed of in the
spening sale at Ss11. Railway pre-
terfed stock again figured in the
trading after a two days absence
selling at 5s1za5s. Sales aggre-
gazing AZ shares were recorded
he-previous close of this issue was
Hk.
Washington Gas 7h per cent notes
changed hands to the extent OF
$500 at 1o0H: Washington Gas SIS
% the same amount at 771z: $1,000
Railway As at 5sA, and $1,000 Po-
sonac Electric consol SIS at S4k.
In addition to the above, a few
thares of Mergenthaler were sold
Z IL.
Dividends Declared.
The National Metropolitan Bank
has declared its semi-annual diyi-
lend Of per cent on capital stock.
payable April Is. the books closing
April and remaining SO until
April IL, both dates inclusive.
Washington Mechanics Savings
Bank has declared the usual divi-
Hand of "a per cent. payable to-
lay. The books do not close.