Evening star., 1921-02-17
VILE OPEN BRANCH
+ BANKING HOUSE
McLachIen Corporation Sc
lects 18th and B Streets
Southwest as Location.
BY /. A. FLEMING.

Officials of the McLachien Banking
Corporation announce the purchase of
the modern fireproof building on the
southwest corner of B and 18th
streets southwest. and of their intent
to start branch Of their bank there.
to be opened about March 10.
The new institution will be largely
for. the accommodation of present
customers of the parent corporation
who have been inconyenienced in
their relations with the company by
the change of the transfer point on
the G street railway line. Naturally
the branch bank will obtain much
business from the several large gov
eminent bureaus and the Department
of Agriculture. as we'll as share of
the patronage of the citizens OF the
section.
1t is designed to permit the cashing
of checks on either the branch once
or the main banking quarters. at the
option of the depositor. and any ana
all other banking business may be
transacted in like manner at the con-
veniences of the customer.
A large modern va1ut is available
and the banking rooms are practically
arranged for the accommoda ton of a
bank. Modern fixtures will be IN
stalled. The government uses the
upper floors of the building.
The bank will be known as the
Southwest Bra nch of the McLachlen
Banking Corporation.
Archibald McLachlen. president of
the corporation Is at present in Cali
fornia where he is spending the win
ter. Other officers are +. r. Horner.
vice president; John A Massie. vice
nd
p. McLachlen, secretary and treas
urer.
Bank Mt and Seventh y. W.
Rumors are current of the forma-
ton of another savings bank. this
one to be located ION the southeast
corner of G and 9TH streess northwest
1t is reported thatSthe-e is TO be
"commercial'' in the name. but other
wise the matter is in embryo. al
though the sources of information as
to intent to start it are reliable.
Local Securities.
Washington Gas certifica tes closed
on today's session of the local stock
exchange at 1909, after opening
transactions at 10U7s. The stock o.
5 per cent bonds at 19, indicating gen
eral strength in all securities.
Capital Traction 5s Were without
material change at S6A. while thv
stock SOLD at 30 -.
washinEton Loan and Trust Party.
Last Saturday evening 150 employees
officials and directors of the Wash
few guests. enjoyed a dinner and
dance at the John Dickson Home. on
18th street. John B. Larner, president
OF the company, led the grand march.
and with other officers acted as hosts
of the evening.
The guests of the John Dickson
Home watched the proceedings with
great interest and evident pleasure.
Reference to the affair was -inadver-
tently omitted from this column on Sun
day last.
Personal Mentioa.
George H. Price has resigned his
position as manager of the local Of
fee of the Fidelity and Deposit Com
pany, to accept the vice presidency of
the Federal Underwriters.
MI. Price is especially equipped as
q surety man. and. in addition to pro-
business for this company. has super
vIsed the nationwide service bureau
of the Fidelity and Deposit Company
for years. He leaves for his new po-
sition after ten years of service.
The Federal Underwriters represents
the National Surety Company. Of
which George T. Parker. Willis w.
Parker and G. H. Price are resident
vice presidents.
William J. Flather, vice president
Of the Riggs National Bank, was at
his desk today, after an absence of
over two months.
81. Dtvtaeads Declared.
American Telephone and Telegraph
Company will pay the regular 81 a.
share dividend April Is. to stock hold
ers OF record March Is.
Lanston Monotype shares are ex-
dividend today.
The Washington Railway preferred
dividend -21a per cent for the six
months ending May 3f-sis payable
June /. Shareholders who receive
payment quarterly will receive ~
March and the balance -.Iune 1