Evening star., 1921-01-17
TO DISCUSS BILL
TO TAX DEPOSITS
Local Bankers Meet TONIGHT
Hearing Tomorrow Nation
al Savings and Trust Election
BY I. A. FLEMING.

An important meeting Of the Dios
trict Bankers Association has 6eeA
called for this evening tho sessbno
to be hold in tho Washington Csao-
tar. A L b. rooms. LIZA r street nnr0e
west.
The Calder bin win be ths oAas8
topic OF discussion. R. N Hxxpee.
president Of the association decanrss
that this measure Is one Of Erea& TN.
portance to bankers. no less than Is
bank directors and depositorA II
proposes q certain scheme OF txra-
tion on bank deposits and Mr.. Harper
and the American Ranlrers' Assoc1a-
ton officials hold that il is NEST
dangerous and would work for t1g'
largest boarding Of funds in other
than banks and divert millions frpm,
ordinary channels of usefulness.
Tomorrow before the Senate fna4as
committee there viii be hearing,
on the measure, At which time on
cials OF the A B. A. delegated to
look after national Legislation Hf1
be heard in opposition to tho meas.
ure. --.@
1t is probable that the meetfnr 10
loluMons against the enactment Of the
proposed measure. -
National Savings and Trust Co. as
The annual election Of the National
Savings and Trust Company was held
this afternoon. resulting in the elec-
ton Of the following directors: Wood
bury Blair, James A. Buchanan, Will
liam A. n. Church. Walter C. Cle.~
phane. William v. Cox. William R.
Edmonston. n. Prescott Galley. VIII
liam D. Hoover. Reginad S. Huide-
LAnAe Victor EonfYy,onn
Minshall, Frank w. Stone, William H.
Walker and Henry K Willard. .x
The list contains one new director,
ChareS MinshalL q man OF large In
terests in Chicago and Terre Haufe.-
who has made his home in Washing
ton for several years.
The board Of directors organized
this afternoon elected the following:
William D. Hoover. president wood
bury Blair. first vice president: Franz
w. Stone second vice president,
Frank Stetson. trust officer; Charles
c. Lamborn. treasurer; E. Percival'
Wilson, secretary, and Frank S. U3l--
mer. assistant treasurer. '--
Another Uptown Bank. -->
The Departmental Bank. formerly
the Society for Savings. occupied its
new and permanent homA at ff&1
Pennsylvania avenue northwen and
opened fSr business there this morn
ing. . &
stockholders recently approved ths-
$500. 900. -
Jew directors Of the bank are David
H. Caldwell n. C. Graham. H. A
Filler, Gertrude N. McNalIy. CIynA
Need, Joseph Stewart and James W.
Witten. all In the employ OF tho gov.
LOUIS Gutenberg is president; R: J..
Quinn, vice. president: Louis A.
Rosafy. secretary. and J. R Exnidos.
manager.
The institution has a record Of more
than twenty years OF banking seTv.
ice. largely to departmental clientele,
Local Securities.
Sometime last year there was Sale,
Of Anacostia and Potomac River.
guaranteed 5s at 81. Since then there
has not been q second sale until to-
par value, sold at 81.
Potomac Electric general IS were
a-uttle Armerllso, selling 1T 90. while
Railway Is were back at the So mark.
A number of odd lots. one to fivo
shares Of Capital Traction stock,
changed hands at IS to 85% the OH.
cial closing being S5 bid and Sc asked.
Railway preferred was little h1mse
at 513s,.
The typesetters- were neglected m,
parently q little easier. .
A sale of 10l shares OF W4shingtuns
Virginia common steock was reported
at dollar . share. -