Evening star., 1922-01-18
SEEK IDEAS FOR
RIGGS NEW HOME
R. v. Fleming and A. P. Clark
to Inspect Modern West
ern Banks.

Robert " Fleming. vice president.
and Appleton p Clark. architect of
the Riggs National Bank, will leave
Saturday for an extended trip
through the west, with view to in
spectinS modern banking institutions
OF that section. preparatory TO the
starting of alterations on the banks
main building. 18th street and Penn
1$lvania avenue, which are expected
10 begin about April !.
Inere have been many handsome
financial institutions erected In the
western section of the country dur
ing the past few years. and 1t is the
intention of the Riggs company to
leave nothing undone that might aid
1T in remodeling the present struc-
ture so as to comfortably house its
ever-increasing force, and also add
to the architestural beauty OF the
pect to be away for several weeks.
Additions to Advisory Beard.
Tbs following were added to the ad
vIsory board of the Home Savings
branches Of the American Security
and Trust Company at the annual
election of the organization yester-
day day; si, Henry Wahi Dr.; william LIAM, E. =:
Nealcn, DR.. Charles NJ. Hammett.
and George NJ. Yeatman.
Those reelected to this board were
William H. Burch. Alexander 8. Clarke,
anthony Gaegler. John B. Geier. NJ. G.
Gibbs. J. p. Hermann. Frank A. john
son, c. D. F. kettlemann. G. Percy Nc
Glue, William Miller. Howard Moran,
John p. Rupert, b. F. Saul, William E.
Shannon. James F. Shea and John
Shughrue.
North Capitol Savings.
tho animal alocf inn
of the North Capitol Savings Bank.
held yesterday. A. o. Ollie and Charles
W. Floeckher were added to the board
of directors. Old members reelected
V. C. Dickey. Robert A. Dore. John A.
Eckert, H. c. Easterday. Vernon NJ.
Green. b. l.. Grove. Edward F. Hall,
Joseph A. Herbert. jr.; Edward +.
Johnstone. Theodore Michael, George
f. Phillips. NJ r. Ready, Leo A.
Cllman. George H. Winslow. Charles
l.. Young and F. L. Eirkle.
The new board organized imme
diately apd reelected the following
officers: Theodore Michael. president;
V. G. Dickey. B. L. Grove and George
Clasett. vice presidents; E. S. Burg
css. secretary: Eugene b. Auldridge.
assistant cashier, and Leo A. Rover,
attorney.
Munsey Trust Company.
George w. Perkins. jr. and Charles
VI. Harwood were added to the board
of the Munsey Trust Company at it's
annual election yesterday. These two
will fill the places vacated by Perry
Belmont and W. E. McReynolds. Mr..
Belmont is now living in Paris, and
the stockholders failed to re-elect
him. Mr.. McReynolds resigned shortly
members of the board and the COM
panys old officers were reelected. T.
4. Willis. who Is secretary of the COM
pany, was also made assistant treas
urer.
Maryland Bank Election.
The stockholders Of the Clinton
day and reelected it's board of direc-
tors as follows: Guy T. Helvering.
chairman of the board: William 7.
Thorne. William f. Penn. Grafton C.
W. Gilbert Dent, Thomas S. Gwynn.
John 3. Pyles and Wallace d. Pyles.
Immediately following. the board
organized and reelected these off1-
GERS. who have served for the past
two years: w. Gilbert Dent. presi--
dent; William E. Penn. vice president.
and J. Frank Dent, cashier. Mr.. Dent.
president, is a member of the real
estate firm of Gardiner & Dent of this
city.
above all expenses the bank state
ment showed substantial net profit
over last years business. The deposits
on hand at present amount to approx
imately 100000
Mount Rainier Bank to Open.
The Prince Georges County Bank
OF Mount Rainier will open for busi-
quarters at the home of the local
building association. according to
announcement made today.
The site of the land adjoining the
chased by the bank. upon which 1T
is planned to erect modern fireproof
building to cost approximately $25,-
o00. The capital of the bank has
been increased from $25,000 to $4,000.
with surplus of $4,000: making
total capitalization of $4,000.
j. Enos Ray. jr.. one of the most
prominent Maryland business men in
that section of the state, is president
of the institution. The vice presi-
dents are T. Howard Duckett, N. T.
Dudrow and Perry Boswell.
International Finance Cooperation.
At the annual stock holders meet
poration the directorate of the past
year was reelected. Gross volume
of business done by the corporation
during the past year, according to re-
ports read. amounted to 1852. 1862. as
amounting to s1.17o.sis.se, an in
crease of approximately 800 per cent.
The last six months operations of
1921 showed an increase over the
first six months of about so per cent.
sS5.1S965 available for dividends, ex-
elusive of $4,000 set aside as re-
serve fund to insure against possible
future losses.
Shepherd Assumes Duties.
Fred N. Shepherd. formerly field
manager Of the Chamber Of Commerce
of the United States. recently elected
Bankers Association. assumed his
duties with the organization in New
York Monday.
Sinclair Changes Berth.
Philip H. Sinclair has resigned as
superintendent OF the Washington Of
fees of the Bradstreet Company to
become associated with the Cleveland
Discount Company. with offices in the
Munsey building. Mr.. Sinclair is we'll
known in financial and credit circles
here. having been connected with the
Bradstreet Company for twelve years,
the last three as it's superintendent.
He is a member Of the Washington
chamber of Commerce and also a di-
rector of the Washington Association
of Credit Men. In his new position he
will be engaged in the distribution of
first mortgage real estate bonds in q
territory comprising the District Of
Columbia. Virginia and western Mary
.and.
1riles Fire Insurance Report
Herbert l.. Davis. auditor OF the
Supreme Court of the District of Co.
lumbia, has just filed his report in
regard to the Arlington Fire Insur-
ance Company. He recommends that