The Washington herald., 1922-01-14
ARNOLD INSTALLED
AS PRESIDENT OF
TRANSIT COMPANY.
Prominent City Packer
Succeeds Elkins Reed
AS Bus Co. Head.
PLAN ABANDONED
District Bankers Defer Plan
OF Campaign in Schools
OF Washington.

At meeting of stockholders Of
the Washington Rapid Transit
Company, Leon Arnold. prominent
washington packer. located on
Wholesale Row. Center Market, was
Installed as president Of the COM
pany, succeeding W. Elkins Reed.
former president. william p. Kill
leen was elected vice president and
treasurer. and Fred A Spicer and
Charles h Leayell were made di-
rectors.
A summarized statement of the
company's operations was made and
contemplated changes for the en-
suing year outlined. Income sta
tistics OF the company submitted
for the period of operation indicated
decidedly healthy appearance, de-
spite the short life OF this new
concern
omcials of the company yesterday
stated that the fifteen new buses
which have been ordered for sew
eral weeks will be delivered within
few days, according to factory
advices. and win be p6t into opera
ton Immediately on the Rhode
school Savings Plan Abandoned.
Plans for the carrying on of a
school savings campaign by the
District of Columbia Bankers As
ISOLATION in Washington schools,
which have been in process of per-
lection for the past several months,
have been temporarily abandoned.
according to officials of the bank
ers' body yesterday.
After careful consideration Of
every angle involved, the nnanciers
came to the conclusion that the
present time Is inopportune, due to
the greater part of the school sea-
son having already passed.
Ellis Retained as, Counsel.
Wade II. Ellis, senior member of
the firm of Ellis, Ferguson and Cot
quit, has been retained as general
counsel for the Merchants Bank
and Trust Company. according to
an announcement made yesterday
afternoon by President Peter A
Drury.
Nr. Ellis has an international
reputation as a corporation and
terms as attorney general Of Ohio,
to the United States Attorney Cen
eral in Washington
SIr. Ellis entered private practic.
at the close of President Taft's ad-
ministration, and his success was
so marked that he was retained as
counsel by the Senate Committee
on Foreign Relations in the Martin
deportation case. which attracted
Worldwide attention.
Local Securities.
Capital Traction stock continued its
upward movement that has featured
trading on the local stock exchange
for the past several days, and yes
teriay reached another new high. 112
shsres-+selling at 81. At the close of
trading. the ISSUE was still in active
demand with 96l bid.
Securities of the Washington Rail-
way and Electric Company likewise
occupied a prominent position in the
days trade. the per cent bonds
selling at 67H, and so shares Of COM
mon stock changing hands at 40I5.
The balance OF the activity
recorded. while restricted. was well
varie gated. I'll
CitIEens' Bank Election.
AT a Ine5llnE OF the SIOCknOlOeTS
of the Citizens Savings Bank, held
at Alexandria. Va, Wednesday. the
following directors were elected: ].
A. Bailey, L. E. Breuningsr, d. V.
Chisholm, A. p. Clark. jr.: Fred
Drew. o. R. Evans, S. Fred Hahn. H
W. jerks. JEANNE Kafka. Homer L.
Kilt. r. L. Lamb. c. C. Murray, John
F. Murrell, Roy L. Neuhauser, Judge
Mary O'Toole. Judge John W. Price.
Thomas Som erville. Lewis NJ. Thayer.
Frank l. Wagner. George f. Walker,
Dr. John E Walsh. william D. West
At the meeting of board Of direc-
tors. held yesterday. L. Z. Breuninger
was reel acted president: William d.
West, r. L. Neuhauser, Richard L.
Lamb and C. c. Murray were elected
vice presidents. 'Fernand Petit was
elected cashier and Ralph NJ. Wolfe
assistant cashier.
Personals.
Frank White, treasurer of the
United States, has been called
to his home in Wayne, Pa, on ac-
count of a brothers serious illness.
W. +. Ham. president of the Wash
ington Railway and Electric Com
Lpany, Is at Pinehurst. n. c., for
brief vacation He will return Mon
day.