Evening star., 1922-10-06
OFFICIAL CHANGES
IN COLUMBIA BANK
Veteran Officials, A. F. Fox
and C. B. Bailey, Retire.
An Honorable Record.

Clarence C,orson. for years cashier
or tbs Columbia National, will remain
as auditor.
The Columbia National Bank has
long been affiliated with the Wash-
ington Loan and Trust Co. ana many
directors of the former are also on
The board of directors OF the latter.
Local Securities.
Local securities were again quite
active. Bonds showed a slight change
in the direction of concessions 10
->uyers. Railway As being of to an
IYlotornac Consolidated 5s, Il on 10 99A'
I'd Gas IS steady at "7i4.
1he utilities We're less active. haii-
way preferred was strong at IS. The
common was held at 56l Il, with 50 the
hest bid and with the unexpected
.purt of yesterday. apparently tenn
yorary matter. Capital Traction was
held at lU3 y with 102 bid.
I.anston steady at S04.
The bid price of Federal National
Rank stock was increased to S1S5.
Predictions of $500 are made for both
the Federal and American before the
merger.
Proud Record.
The record of the Columbia Ma
ttoual Bank covers long perloo IN
Washington banking. marked by rare
good Judgment. utica a.c"nser'a'1'e
action and very few losses
Its growth has heen slow and soiid
from the foundation up Under the
presidency Of \. +. Fox and the VIC
presidency of Charles B. Bailey the
insritution became the rrsL ,;
mark" bank III this city, the dls-
1inction being accorded by reason or
III. fact that its surplus was the
first OF local institutions 10 equai
the amount Of its capital.
1t has added steadily to its depos!ts
and Increased its distribution to us
Shareholders until the annual dlNl-
dend rate is now IL per cent pay
able quarterly
'Tnere exists much pride of owner
shin among the shareholders OF tIe
irstirution Time and again e1orts
have been made to obtain control even
>lp to within the last month OF tWo'
hut while the veterans whose IRE
work is iuterwined with its histofE
were willing to confide the reins OF
administration to others. they sun
retain with close personal frlends'
the control of the bank.
Poth Mr.. Fox and Mr.. Bailey nave
been anxious 10 shift their loaos on
Younger shoulders for years. but the
1IrwiIffrgncsS toward disposing or
anv large block uf stock has been q
handicap to official changes.
The Columbia National stock has m
creased in value during the current year,
Sl95 bid to S2@I bid. and $3.50 a share
asked. with but one share OF STOCK
changing ownership during the year
1922 to date. that at 1926 Il share.
Other banks make gains and losses IN
deposits between calls, and so does the
Columbia National Bank. but the
changes are relatively of small impor-
tancs either way. the deposits usually
being around the S2.500,G00 mark.
BY I. 4. FLEMING.
Announcement is made of the re-
tireraut of two veteran bankers. A.
F. Fox. president of the Columbia
National Bank. and his friend and
associate. Charles B. Bailey. vice
president of the same bank.
With the announcement. comes the
announcement Of the election OF
James y. Messer, a director of the
bank and q prominent local business
man as president and Frank J. Striker
as vice president and cashier
HonorS have come fast to Mr.
Striker A week ago he was chosen
as vice president of the consolidated
Federal American National Bank. He
is a Young man trained IN the po!itl-
cal school of banking, and MS recoS-
milton by his present employees was
good recolnme ndation to the Columbia
directors.
Personal Mention.
John Poole returned from ->eN VI ~
and was at his desk in the feueFaI
National this morning.
Eugene L. Thompson is in New fork
city today.
Reserve Ratio.
The total earning assets of the fed
eral reserve system nave lncTedseu
during the past week by s44. 1oo .ooo'
with a SI6.0o0,o0O increase IN dls-
counts secured by government paper.
Total reserve "a per cent. as COM
pared with SO per cent a year ago.
The Pullman Company.
The Pullman Company has de-
v.ioped into one of the most sue
cessful companies, through a long
and successful career. and its shares
are held in high favor with investors.
Its latest financial position shows
cash and government securities on
hand. July 81. sSS,000, 900; stocks and
bonds. car trust notes, etc, readlly
SaIa BILE, of a market value OF sZo,-
600, 900 Together these quick assets
are equal TO S43 share on the stock.
The companys surplus is now S2l,-
s7O,550.
The company turned over to the
railroads S30.000.000 under the law
that makes the company pay so per
cent of Pullman fares to the rail-
roads
In forty-seven years the company
has been paying dividends, but one
annual nayment was at rate below
s per cent-in 1899, when the rate