The Washington herald., 1921-03-17
DEYBER ELECTED
70 HEAD SECOND
sMIlONAL BANK
Prescott Named Chair
man of Board After
Declining Presidency.
LOCAL MART ACTIVE
Capital Traction Shares Lead
Tradi1e on Local Change.
other Notes.

Victor B. -Deyber. vice president
and cashier, was yesterday elected
to the presidency of the Second Ma
tional Bank to succeed Cuno II. Ru-
dolph. who resigned to accept the
position of president Of the Board
cf copmissioners Of the District Of
Columbia.
Vice President Samuel ]. Prescott
was first offered the presidency but
declined. and was then chosen, to
head the hoard of directors. an ONCE
created especially to fit the occa-
sion. This appointment was ac-
cepted-
relieving the election. the fol-
lowfnx announcement was made by
the board Of directors:
"M the meeting of the board of
directors of the Second National
Bank held Wednesday, March 16.
Hon. Cuno II. Rudolph, president of
the Board of Commissioners of the
District of Columbia, rendered his
-essenation as president of the Sec
ond National Bank, which was ac-
cepted with regret, and a committee
appointed to convey to Mr.. Rudolph
the appreciation of the board for
many years OF faithful and efficient
services rendered by him to the
bank.
Prescott First Named.
The board Of directors then took
UP the question Of the election Of
president of the institution, and IN
the absence of Samuel J. Prescott
from the board room he was unani-
mously elected as president of the
bank. Mr.. Prescott, upon being
notified of his election expressed
his thanks for the honor rendered
him. but stated he, was forced to de-
cline by reason OF his private in.
terests which would not permit him
TO give his entire time to the man
sgement' of the affairs of the bank,
and as he feltlta, bank presidents
should devote, alleof his time to the
institution over which he was pres
ident. he insisted that the board re-
scind their action eiecting him pres
ident. which was accordingly done
by the board of directors. The mem-
bers OF the board, however. feeling
that it was to the interest Of the
bank that Mr.. Prescott should take
more active part in the affairs Of
the bank. created the executive once
OF chairman OF the board of ci-
rectors and of the executive COM
: mittee of the bark, and to this office
I'd and accepted.
Deyber Finally Chosen.
THE board Of directors in reccg-
nition of the faithful and efficient
services of Victor b. Deyber. vice
president and cashier of the bank,
unanimously elected him president.
MIR. Deyber is widely known in
Washington banking circles having
been connected with the West End
National Bank, the Citizens Ma
tional Bank. the Commercial National
Bank, assistant cashier of the Fed
Cral National Bank, and was presi-
dent Of the Washington chapter,
American Institute of Banking. last
year. He is known as a thoroughly
experienced and progressive young
banker"
Local Securities.
Trading fairly hummed on the
Washington Stock Exchange yes
active sessions of the year. A firm
undertone was again evident despite
the fact that a number of small is-
clines were registered.
Capital Traction stock was again
the market leader, 120 shares being
disposed of during the entire period,
remaining firm at Sc. Stock of the
Continental Trust Company, to the
extent of thirty shares, receded by
degrees. from 104 to 102. Lanston
Monotype continued selling at 72.j
Washington Gas ~ per cent
notes opened at 1905 but quickly
regained their old footing at 1904.
Hallway Is were steady at 5s14 as
were Potomac Electric general 6s
at %. Railway General IS sold in
small lots at 30 and s01z, while
$1,000 Potomac Electric Consolidated
IS found their way into the sales
column at sax and s3ik.
The unusual activity was for in
yestment purposes.
Dividends Declared.
The Security Storage Company
has declared their regular per cent
quarterly dividend. payable April IL
70 stockholders of record March 81.
Directors Of Riggs National Bank
have declared their regular semian-
nual cash dividend of s13 a share.
payable April Is, to stockholders of
record April 1.
Harper to Leesburg.
Col Robert N. Harper. president
of the District National Bank, is in
49,