Evening star., 1921-02-24
TR|MbEE IS CHOSEN
BY YAL0cAL BANK
District National Examiner
Now a Vice President.
Controller Makes Call.
BY 1. A. FLEMING.

BY 1. A. FLEMING.
James Trimble. national bank ex.
aminer Of the District of Columbia fol
a number of years, and formerly 8
banker of this city. has been elected
vice-president of the National Bank Of
Washington.
Thus the business future of two men
]. Shelton Williams and James Trim
BILE, concerning whom there has beer
much speculation has been definitely
settled, the former gong to Richmond
and the latter remaining here.
Mr. Trimble has had a banking ex-
perience covering some thirty years
of his life, and because of his years as
examiner here will know credits as
few men ever have the opportunity
of doing. thereby making himself a
very valuable official for the large and
prosperous institution to which he
will go in the very near future.
Born in Kentucky, probably fifty OF
fifty-five years ago. MIR. Trimble early
engaged in the banking. business and
started and operated with certain sue
cess a number of country and one OF
two city banks in his native state.
He was one of the organizers OF
the United States Trust Company OF
this city, and was its secretary and
first vice president, before the Jordan
regime. He has been bank director
a number of times and has been ex-
aminer of the District since soon aft
er the Inauguration of the Wilson
regime.
The Bank of Washington, capital
h150, 900. lays claim to being one of the
oldest banks in Washington. c. +.
Norment is its president, Daniel Fras-
er and George Stalkey. vice presidents,
to which will now be added James
Trimble. The last is member of
the Central Presbyterian Church.
Controller Calls for Statement.
The controller of the currency this
morning called upon all banks in the
District and all national banks for a
statement of condition as at the close
probability. the last official call by
the incumbent of the office, and
IL also is in the possibilities that
he will be the last controller of the
currency, should Congress abolish the
office, as recommended by the ad-
visory council, to the Federal Reserve
Board.
Responses to this call will be too
late for the usual analyses OF the
statement during the present con-
trOllerS term of Office.
The forms for the report were re-
ceived at local bank offices this morn
ing. They are interesting as pre-
sentinS some new questions. Recent
ly the controller found cause for
criticism anent the high salaries that
bank officials receive, and he has ar
ranged that banks shall make public
in their published statements the
number of officers in each national in
Stitution, and the aggregate salaries
for the month OF January and the an
nua pay for 1921 based on the Janu-
ary salary.
1t is not intended to be at all
specific in this matter, but all salaries
to officials are to be Jumped.
Likewise the number of employees
the 1921 salaries based on January
pay are to be made public.
The controller further requires l1i-
rect Information as to the amount of
money loaned on call in New York
city and the amount loaned on time.
These items will also be made public
through the public statements.
For the information of his depart
ment exclusively, the controller asks
for a statement as to the number of
dormant deposit accounts to the credit
of depositors, that have not been add
ed to or checked against since Janu-
airy !, 1916, and the aggregate bal
ances Of such accounts.
Deposits OF 1xoenl Institutions.
Whether Washington banks gained
or lost in deposits since January 29,
1920. the date of the last previous call.
will not be- definitely known until the
final figures are completed.
Some national banks show gains and
some losses, some marked and others
Of lesser Importance.
The trust companies are also mixed
in their reports, some large losses be-
ing shown and some less important
gains.
At least one large national bank re-
ports a moderate loss traceable to the
purchases of Treasury certificates by
customers, and other banks have also
suffered from the same kind of invest
ing.
Probably the payment of income
taxes by the forehanded has also had
much to do with the losses. while
there have been heavy Withdrawals be-
tween calls on the credits of the gov
ernpient with banks.
4 Names Full Committee.
Htesident Harper of the District
B. arner and Julius ]. Peyser on
the& call-money proposition commit
teet Of which George o. Watson. pres
idett Of the Liberty National Bank.
is Shairman.
Nr. Watson believes that there is
al opportunity to create a call money
market here with the cooperation
of t1e banks and the members of the
loc&l Stock Exchange. He argues
thai lit would be necessary to make
it twenty y-four-hour-loan PROPOSE
tio& ! rather than the New York
method, where loans are settled every
d2S save over Saturday and Sunday
the event of local bank maxi
inS . call loan and wishing to call
IL, motice would have to be given
bef&fe the daily session Of the local
exchange. 1115 in the morning.
Pigment would then be made before
thai shour the next day. Through the
USED Of this system, should it prove
featible and of sufficient importance,
ii hight keep much local money that
noH seeks employment in the New
Yo&S call money market.
IL Local Securities.
TfSding on the local exchange was
fail ~ active. with prices generally
firrS Gas 7hs s sold at 1001s. Potomac
consolidated 5s at SO, Washington
Railway 6s at 80. Capital Traction IS
at and Potomac 6s at 93h
Washington Railway and Electric
con1kAon sold at %.