Evening star., 1922-01-17
BANK ELECTIONS;
BOARD ADDITIONS
Three More Local lnstitu-
tions Select DireCtorates
and Officers.

Company. the Munsey Trust Company
today.
j. P. Hermann, DR.. NJ. G. Gibbs and
William Z. Shannon were added to
the directorate of the first named
company, while those of the old
board to be reelected were Charles
]. Bell. John c. Boyd. George w.
Brown, Albert Carry. William NJ
Coates. William S. Corby, William W.
Everett. William ]. Flather. jr.: Cary
Il. Grayson. James NJ Green, Gilbert
II. Grosvenor, Joseph Letter, G. Percy
McGlue, Edward B. Mclean, Howard
Moran, Clarence F. Norment, Newbold
Moves, Albert NJ. Read. Howard S.
Reside, B. +. Saul. James f. Shea,
Charles A. Spalding. Corcoran Thorn,
John +. wilkins and Clarence r. Will
son.
The new board organized immedi-
ately and elected the following Off
GERS: Charles J. Bell, president; Cor
coran Thom. Howard s. Reeside, B. F.
Saul and Howard Moran, vice presi-
dents; James F. Hood. secretary;
Charles E. Howe, treasurer; Alfred b.
Leet. trust officer: William L. Beale,
real estate officer; John G. Holden,
auditor; Alfred c. Flather, manager.
new business department; Martin r.
West and James G. Dulin. jr.. assist
ant secretaries: David N. Houston. 7.
Stanley Holland. Kenneth F. Brooks
and ]. Eliot Moran, assistant trust Of
ficers: William w. keck and John l..
Fugitt. assistant t-easurers, main Of
fee; Percy C. Brady, Edward +.
Swan and Hans w. Ireland. assistant
treasurers, central office: Richard +.
Harris, assistant treasurer, southwest
branch: Harry P. White. assistant
treasurer, northeast branch, and John
E. Benton, assistant auditor.
Several additions are expected to be
made to the advisory board of home
savings branches later today, and an
nouncement Of the full board will be
made later.
Charles J. Bell, president of the in
stitution. presented his annual report.
which showed net profits for the
past year of $6S3,000, and a net in
crease in numbers of deposftors of
1856. which brings the total number
of depositors up to GAL at the close
of business December 81, 1921.
Munsey Trust Company.
The stockholders meeting Of the
Munsey Trust Company will be held
later today, but. according to an
nouncement made by officials of the
company, no changes are anticipated
either in the directorate or officers of
the institution.
Mount Vernon Savings.
With the sole exception of eievating
William r. Baum, cashier, to the Of
fee of vice president, the old board OF
directors and officers of the Mount
Vernon Savings Bank were reelected
at the stockholders meeting of that
bank today.
Those reelected to the board were
James H. Baden. William R. Baum,
Albert J. Berres. E. c: Dawson; r
Harry w. Hahn. Samuel J. Henry.
Fred Hewitt. William H. Johnston.
DR.. e. F. Koss, Henry G. Moses, Will
liam Muehleisen, H. Glenn Phelps.
Oscar J. Ricketts,. B. L. Rinehart, Dr.
Stayton, Col. Charles Cowles Tucker.
A. r. Ungerer, H s. Walcott and o.
B. Zantzinger.
The board organized and reelected
R. Golden Donaldson chairman of
the board: William Muehleisen, pres
ident: Z. c. Dawson and William H.
Johnston, vice presidents; William
r. Baum, vice president and cashier;
Robert T. Highfield, assistant cashier,
and r. Golden Donaldson and c. c.
Tucker, counsel.
National Savings and Trust Co.
At the stockholders meeting of the
National Savings and Trust Company,
was added to the board of directors.
Members Of the old board reelected
included Woodbury. Blair. James A.
William A. H. Church, Wal
ter C. Clephane, William V. Cox, Will
liam E. Edmonston. H. Prescott CAT
ley. William D. Hoover. REGINALD s
Charles MinshalI Frank w. Stone.
william H. Walker and Henry X.
willard.
The newly elected board met fmme-
diately following the stockholders
at which the old complement
Of officers were reelected: They are:
bury Blair, vice PRESIDENT; Frank W.
Stone, second vice, president; Frank
Stetson, trust officer; Charles O. Lam
born, treasurer; E. Percival Wilson,
secretary; Frank r. Ullmer. assistant
treasurer and assistant secretary:
Bruce Baird and David Boynet, assist
ant trust officers.
The company declared it's usual
quarterly dividend of 21s per cent and
also an extra dividend Of IN per
cent, both payable February 1. A
bonus to all employees was also voted.
Chevy Chase Bank.
At the annual election of directors
of the Chevy Chase Savings Bank,
held yesterday, the following officers
were elected to serve for the ensuing
year: Edward H. Jones, president;
w. Perry. first vice president;
Fred w. Mckenzie, second vice presi-
dent: DR.. Truman Able, secretary:
J. E. Troth, cashier, and Paul Sic
man, counsel.
The directors expressed satisfaction
over the steady progress the fnstitu-
tion is making. deposits showing a
gain of approximately $4,000 over
figures as Of the close of business
December 81, 1921.
on to Convention.
J. ]. Range, sales agent, and ]. J.
Range, jr.; Paulus Thyson, Fl. T. Hoy
and 8. w. Mcnamara, statesmen of the
National Cash Register Company, will
leave this week for Dayton and New
York to attend the big annual con-
vention of that company.
Treasury's Call.
Local banks have received a call,
effective Thursday, from the Federal
agents of the United States. for pay
ment Of 10 per cent of the amount of
deposits arising from the purchase of;
Treasury certificates of Indebtedness
of the two issues dated December Is,
1921. series TJ-2 and I'd. 1922. Com
DINING IHe amount Oh tnlS call 1Or the
twelve federal districts will withdraw
from the District banks and place in
the Treasury approximately $26,000,-
900.
Bonuses for Clerks.
Announcement was made yesterday
by r. Golden Donaldson, president of
the Commercial National Bank, that
bonuses would be given all employees
of that institution who completed
courses in the Washington chapter
of the American Institute of Bank
ing. This policy adopted by Mr..
Donaldson is in line with that re-