The Washington herald., 1921-10-02
BOYER ELECTED TO
DIRECTORATE OF
CLARENDON BANK
Federal National Bank
Official Named at Re-
cent Meeting.
OTHER LOCAL NOTES
elementary Certificates of
Graduation Received to Be
Distributed Soon.
OTHER LOCAL NOTES

Cnarles d. Boyer. assistant cashier
OF the Federal National Bank, has
Oeen chosen member of the di-
rectorate Of the newly organized
Clarendon Trust Company, according
10 an announcement made public last
night.
While the institution will not be-
tNine operative until probably around
december /. sufficient funds have been
subscribed to warrant a permanent
organization.
Mr.. Boyer's banking experience
gained from long service with the Fed
eral National. as past president Of the
local chapter Of the American Insti-
tute Of Banking, under whose leader
snip that body enjoyed the most sue
cessful year in its history. and rs
chairman OF the educational commit
zee OF the Washington Chapter, A 1.
b. should serve greatly in making the
newly-formed Clarendon institution a
success
Personals.
z '" T. Galliher. president Of the
american National Bank, spent yes
terday in New York City.
! william Fike. president of the New
York Chapter. American Institute Of
Banking. and assistant cashier of the
Irving National Bank. spent yester-
day in this city discussing institute
affairs with local officials.
A. I. B. Notes.
Elementary certificates of gradua-
tion for the past year have been re-
ceived. according to announcement
made by President Wilmer J. Waller
yesterday. and will be distributed
probably at the first open meeting Of
the organization. These certificates.
which are handsomely engraved, en-
title the holder to membership in the
first year of the advanced course.
Mr.. Waller further announced that
the board of governors will convene
at the chapters rooms next Wednes-
day night at 1880 O'Clock for the pur-
pose Of working out routine details.
Swift Co. shareholders.
More than $4,000 dividend checks
were necessary in order to pay the
shareholders Of Swift and Company
their quarterly dividend yesterday. The
shareholders in this packing concern
are scattered over the entire face OF
the globe One or two are in Africa.
Several reside in the Philippines.
Hawaii. Japan. and Alaska. and every
country in Europe is represented.
There are also shareholders in every
state in the United States. A map OF
some Of the States, spotted with the
number of shareholders. would turn
black. For instance, Massachusetts
has 5.T64; Connecticut, S.2s7; Maine
I4OT; New York, 1854: little Rhode
Island, 363: Pennsylvania, 1852 :;
Maryland. 16O; Illinois, 1854; Mis-
souri,. 1904.
The company has also concentrated
on the sale Of shares to its employees,
so that it now has approximately 21.-
900 emplOye shareholders who are
helping to make and distribute its
products. Fourteen thousand Of these
men and women own stock outright.
over 1000 more are buying shares on
the instaIlment plan The holdings Of
these employees are large, representing
a total OF nearly 25O.0o0 shares-a
total value Of more than s24.5OO,OOO.
Fifteen thousand of the shareholders
are women.
While many persons may think Of
a packing concern as a one-man or a
family affair. a recent check-up Of the
holdings showed that it would take 900
of the largest shareholders to vote
81 per cent Of the stock