The Washington herald., 1921-09-30
RESIDE SELECTS
COMMITTEE TO AID
BUILDING PROJECT
Names Powerful Group
To Carry Out President
Larner's Idea.
OTHER LOCAL NOTES
Reelection Of Directors.
Dividend Declared-Col.
sSOs.5s
Graph. Reports Deficit.

Hopes centering on the erection
Of a suitable building in Washing
ton to house the District of Column
oia Bankers Association and af-
hliated bodies gained considerable
momentum yesterday when Frank
s. Reeside, named by President John
B. Larner to head a committee to
sound out the proposition. an
noupced his associates. This COM
mfttse Is one OF the strongest that
eould be chosen from local ranks,
eachi member being an expert in at
least one line necessary to the
erection OF the proposed structure.
The personnel is as follows:
r. s Reside, chairman, secretary
OF the Equitable Building Associa-
tioni. Charles ]. Bell, president OF
ee american Security and Trust
company; John Joy Edison, chair.
sof Nthe board of directors of
me washington Loan and Trust
CoInnany; Samuel ]. Prescott, chair
man Oh the board of the Second Ma
lIonat Bank; Joshua Evans, jr.. vice
PRESIDENT Riggs National Bank: w
w Spaid, president of the Dupont
Natfehal Bank, and of w. B. Hibbs
CO. B. A. Bowles, cashier of the
Fotomac Savings Bank, and Frank
Aodison. jr-. vice president of the
Bank. '''ei 'i' al
Mr. Reside announces that he
wiIHcall a meeting of his committee
some time next week.
Election of Directorate.
AT the annual meeting Of stock
holders of the Bank of Commerce
ana Savings. held yesterday. the
name OF John F. Maury was added
20 tne list In addition to the fol-
lowing who were reelected:
e. Andrews. Louis Bush, w A.
bennett, A. BrylawskI, F, w, BoIrT-
ano. Floyd E. Davis. r. L. Elliott. c,
= r. Edwards, a. S. Gately, S. Hart.
u. A. kneessi. VI. A. Ieese, ] H,
Mllans. Harry E. Mayer, Irving
oWehs' VI. d. Rosenburg. John NJ.
hiordan. Ellie Sheetz, ]. Sanders, c.
A weaver, Alexander Wolf, O. p.
zaptThger and F. Fl. Morhart.
Dividend Declared.
At a meeting of the directors Of
tne National Metropolitan Bank the
usual semi-annuaI dividend of s
per cent was declared. payable on
october Is to stockholders the
books for the transfer of stock TO
he closed October to II. both dates
included
roIumbia Graphophop..
Columbia Graphophone Manufac-
tuF+Hs-COmpany reports for the six
Snontsss ended June go. last. as fol-
lows:~ Loss from operations after
including earnings from all sources.
S1.22S.I13. and interest on funded
and-AoatinG debt. S71O.562; author
lied discount of five-yesr gold
notes. $4,000: net loss for six
months before depreciation. s1.es1-
215: reserve for general deprecia
tion of property. plants and equip
ment s141.601: total net deficit six
months. s2.122S76: previous sur
plB-v-s1.019.5S9: credit to surRIus
during six months ended June 30.
1921 S233.S34: total surplus and
creditsg S1.253.423: less preferred
dividends three months ended
March 81. s171.369: other charges
to surplus during the six months
ended June 90. 1921. s2O6.s29: total
deductions from surplus. s3fS.19S:
balance surplus. Ss75.225: profit and
loss deficit June 30. 1921. s1.247.65n.
Francis s. Whitten. chairman OF
the board Of the Columbia Graphic
phone Manufacturing Company. has
issued the following statement re-
gardlng the company's affairs:
The earnings for the first six
months have been poor and will
be for the quarter about to end
The December quarter will prob
ably not be satisfactory, but will
show considerable Improvement
over the third quarter If the in
creases in sales now showing con=
ti9ue-
co-operating TO the fullest extent,
and good progress Is being made
tending toward reduction Of COM
mftments and liquidation of inven-
tories"
Local Securities.
fair volume of trade was con-
animated on the Washington Stock
Exchange yesterday. with 5 per cent
bonds Of the Capital Traction Com
many featurina This issue sold to
tbe extent of s3s,5OO. face value, all
sales being made at S7A. Wash
Jneton Gas IS had sales aGgregat-
Jnr $4,000 at SO. and $1,000 Riggs
Realty Qong) SIS sold at SS.
The stock list was extremely
ouiet Capital Traction selling to
an aggregate of thirty-four shares
AT sS& and s6h. and twenty-nine
shares Of Gas stock sold at 47k.
pitts Added to Directorate.
At a meeting of directors of the
49, Intton Mechanics Savings
Pank held yesterday afternoon. G.
Bryan Pitts. vice president Of F. H.
smith and Company. Of this city,
was. voted a member of the direc-
torate.