Evening star., 1921-05-14
WIRE ORDERS TAKE "
ALL CERTIFICATES
Sale of Last Issue Closed
QuiCkIy-BankerS'
Convention.
HY i. 4. FLEMING.

General case in money and the de-
sire of investors for a safe and at
the same time rcmun,rat!vo invest
mont was doubly emphasized in IN =,
sale OF the Treasury certificates,
series A-lg@2, announcement of Which
was made on the lI,h instant The
amount OF the .ssu" i~ optical with
the Secretary OF the Treasury, the
interest rate So Per cent and the
term Of the loan nine months.
on Thursday morning The "ntiro
allotment of the District Of tolum 4
bia-S6.9@o, ,000-was subscribed al y
most Immediately on the opening oi
the Richmond Regional Reserve Bank.
the orders being entirely by wire.
those who took III" n-ul method OF
forwarding subscriptions being un-
able to secure allotment.
The success of n" sal" IS an ev.-
dence of the fact fhat Investors are
looking moro for Saf'1y just at This
time tEan 10 thu income.
Bankers Convention.
Unusual interest ls being mau'-aa' -
ed in the forthcoming uIorffuS "l iHu
District Bankers Association az whit"
SuIpher SPRINGS. Va, JuHn ll-'l
The constant How uf inquiries honE
received by George q. Watson cha r.
more largely attended than either uI
the two preceding GATHERINGS.
The first day $ session viii be d.
voted largely To addresses on bank
ing topics ny speakers of national
reputation. The second session VIII
be given over To- the practical SYM
postum from which good results have
been obtained at previous gatherings.
It is hoped that q thlrd session viii
be deemed necessary. I
Victor B. Dcybcr Of the program
committee has boohed Frank j. Hogan
for an address.
An effort, with The promise of sue
cess, is being made TO secure GrorG p
E. Roberts the eminent economist.
! formerly director Of The mint. now i's-
| sistant 10 the president of The Ma
| tional City Bank ui New York, as =
! speaker.
The many attractions of Greeubri,s /
and the nearby country offer ample
| means Of entertainment. ". W. spa td.
| chairman Of Tho entertainment COM
| mittee, viii complete AL arrange
| mcntS.
Celebrates anniversary.
To-day tho Mount Vernon Savings
| Bank starts on its second year with
| every prospect Of making another en-
| Niablc record. Few institutions have
| made better strides toward success
! than this big. healthy younEstcr.
| The beautiful spacious banking
! room was crowded this morning with
! friends of the institution who came
! to offer CONGRATULATIONS and to wish
as good, if not Il better, record for
| the second than for the first year.
/ Numerous floral tributes from friends
| and well wishers decorated desks and
+ tables.
The bank. which started a year
! ago, with first-aay record of $3.50
| n Ion q
| year with $L616.o09 to the credit Of
| depositorS
The official roster OF the hank is
as follows: l.. Golden Donaldson,
chairman Of the board; William
Muehleiscn, PRESIDENT; l.. {. David
son. vice president: ". II Johnston,
| vice president: William Il. Baum.
cashier; Robert T. HIhtfield. as
sistant cashier, and Messrs. Donald
son and Tucker, general counsel
The Mount Vernon Savings has an
especially strong directory and big
board of leading WasMngt toias.
More Doing in Locals.
| The usual Saturday squirt in local
| trading was noticed. Sales we"e not
large and the bettermcnt in the trad
| ing was only comparative.
! Capital Traction s4ares were higher
at IS and railway preferred also sold
! at a fractional advance, 622 = to 62's'
/
! of Ianston Of the week, ten shares at
! II, was recorded.
Metropolitan hallway IS sold at
| 921, and the : I. per cent notes OF the
/ Washington Gas Company brought
! 10l 3.
Declare -'irst Dividend.
United Ret. stores has declared
an initial div fd Of l p per cent,
! payable July % shareholders OF
record June
! TO Discuss Taxes.
! Bankers VIII meet on Monday at
| the Stock Exchange rooms to discuss
| the question OF paying taxes on iaN-
| free securities. This matter came up
last year and the taxes were patd
under protest. They viii probably he
paid the same way tins year.
If the bankers dnd any Of their
members who desire further indorse-
ment to L. c. Graham for tn" hon
orary position of director of the
Richmond Bank. they Will probably
give il. Mr. Ora fam has the in
dorsement of the Clearing House As7
sociation and there seems 10 be bu'
one candidate for the position.