The Washington herald., 1921-10-14
BALTIM0REBANK
HEAD TO BECOME
LOCAL MANAGER
Geo. A. Harris Slated for
Cleveland Discount
Company Berth.
EFFECTIVE NOV. 1ST.
Widely Experienced in Bank
ing and Investments, and
In Farm Loan Bonds.
EFFECTIVE NOV. 1ST.

george A Harris. treasurer and d.
rector Of the Federal Land Bank of
Baltimore. which comprises the Fed
eral Farm Loan District Of Maryland,
virginia, Pennsylvania, Delaware,
west Virginia and the District Of Co
lomSta. has rendered his resignation
70 that bank to become associated
with the Cleveland Discount Company
OF Ohio, in the capacity Of general
manager Of the companys Washing.
ton ONCE
MI. Harris has been connected with
me Federal Land Bank practically
since Its organization in 1917. As
treasurer and director, he has been
closely Identified with the organiza-
uon, and management Of the institu-
non, and has contributed in a large
.ay toward placing II on a sound
financial basis. The progress OF the
oank and the service rendered to the
tanners Of the district have been
notable. 1t now has loans outstand-
ing Of more than s1s.o0o.ooo, and is
IN a most prosperous condition.
Nj. Harris has had wide experience
IN the banking and investment busi-
ness. As treasurer Of the Federal
Land Bank he assisted in the distri-
button Of the Federal Land Bank
loans Prior to becoming treasurer
Oh tnis bank. Mr.. Harris was a promi-
nent banker Of McConDellsburg, Pa,
Enere he was vice president Of the
drst National Bank and president OF
the Fulton County Bank.
In becoming associated with the
Cleveland Discount Company, Mr..
Harris win be general manager for
the District OF Columbia and special
representative Of the company for a
large territory comprising the, entire
state Of Virginia, Western Maryland,
and Southern Pennsylvania, with Of
nees at 734 Fifteenth street northwest,
Washington, d. c. He will take active
Charge Of the Washington once on
November /, 1921.
The Cleveland Discount Company is
one Of the largest mortgage bond In
VeStment houses in the United States.
Its latest financial statement, Septem-
Der 10, 1921. shows paid in capital
and surplus OF more than $4,000 900
and resources OF more than 1900
900. The company Is engaged in
financing large building operations
and IN the sale Of per cent FIRST
mortgage investments.
Local Securities.
There was considerable Investment
business transacted on the local stock
exchange yesterday In number OF
transactions. but not In aggregate
trade, as many Of the sales involved
but a few odd lots OF stock.
Prices were generally strong. with
Potomac General IS moving up to
97h, and the Consolidated IS Of the
same company selling at $50. Gas
~ per cent notes were a shade firm
er. selling at 102%-
In the stock list Railway common
displayed fair strength at 25A- The
preferred shares were easier at 5SiS
to 5TH-
Odd lots of stock were traded in
at IIs for Union Trust and Ash for
washingtc1 Gas.
The American Commercial and Saw
ings Bank, one Of washington's newest
banking institutions. win become op-
eratiye In temporary quarters In the
Barrister Building, SIS street north
west. on Saturday, October 15.
This bank has an authorized capitali-
eaton OF SloV,VVV anu . surplus u
$4,000 with the par avlue OF the
stock placed at SO per share. Perma-
nent headquarters yin be established
on the southeast corner of Seventh
and G streets northwest
The officers of the new bank are as
follows: Edward Weight. jr.. presi-
dent: Robert C. Shaw, cashier: Rich
ard Bowen. vice president; Edward s.
Brashears. vice president; Ulysses G.
Cunningham, vice president; NJ. N.
novIe counsel