Evening star., 1922-01-19
NATIONAL: +.
;. ..r, ~
REFLECTS | ROSTER
All Official Families of LEGAL
Banks Are Now :.
Filled.

With the election of officers by the
official families of all local national
banks have been chosen to serve
during the ensuing year. No changes
were made in the Liberty roster, and
Immediately after the new board Of
directors had organized George .:
Watson was reelected to head thedn-
stitution
Others reelected were DR.. William
L. Robins and Grant W. Taylor, vice
presidents: Edward j. McQuade.
cashier. and II. F. 'Calnan and j. H..
skinner. assistant cashiers.
The Liberty is capitalized at
s25O.000. with surplus Of 100000. and
according to it's statement at the close
Of business December 81, 1921, had
undivided profits of s16.501.55 and
deposits amounting to $1.5s4,52416.
Northeast Savings Bank.
At the stockholders meeting of
the Northeast Savings Bank. held
Tuesday night, the following officers
were elected to serve for the ensuing
year: I. =. steusrt. president; Charles
r. Talbert and George F. Hoover vice
presidents: w. Reginald Lewis,
cashier and James b. Flynn, general
counsel.
Howenstein Company Elects.
The Howenstein Company, Inc. held
its annual meeting yesterday and re-
elected the same officers to serve for
1922. They are: H. r. Howenstein,
president; Fred w. Reeves, vice presi-
dent: c. G. Straw, secretary, and V. A.
HowenStein, treasurer
The company declared it's usual
dividends. and increased it's capital
stock and surplus to $44s.543.3S.
Bank Purchases Laid.
The Security Savings and CONNER
cial Bank has completed the pur-
chase of Its present quarters, the ad-
joining store on 9th street. and the
three adjoining buildings on G street,
according to an announcement made
by Francis e. Addison. jr.. vice presi-
dent of the institution. yesterday.
through Judge William Hitz for a
consideration said to approximate
s265.00O. The new additions will give
the bank frontage Of 100 feet on
G street. with an eighty-foot space
on 9th street.
The Security Savings and CONNER
cial was organized in 1913. Il is now
the largest savings bank in the city.
having deposits at the close of busi-
ness Tuesday Of $3.s66.000. as COM
pared with deposits on hand at the
time of the last call of the con-
troller of the currency of $S.213.6l9.
During the year the institution dis
bursed IL per cent in regular divi-
dendS, together with two extra diVl-
dends of l per cent each.
Southern Railway Earnings.
The annual report of the Southern
Railway Company for 1921 will show
it's fixed charges earned with a mar
gin to spare. according to an officer
Of the company. He said the road was
sharing the benefits of improved IN
dustrial conditions in the south and
that signs of partial recovery in trafnc
were appearing in all commodities
except coal.
This official said the Southern's De-
cember statement will show net earn
ings less than those of the preceding
month. but greater than the earlier
expectations of its officials.
Clearing House Meetisk.
At a meeting of the Clearing House
Association of Washington yesterday
H. H. Mckee, president of the Ma
tional Capital Bank. was reelected
president Harry v. Haynes. president
of the Farmers and Mechanics Na-
tional Bank Of Georgetown. was re-
elected secretary. The association viii
meet in about ten days to elect Two
members to the clearing mouse COM
mfttee. to fill the vacancies caused by
the expiration of the terms of John
Poole, president of the Federal Ma
tional Bank, and Mr.. Haynes. 1t Is e&-
pected that both Of these will be re
elected. The annual report OF the
committee was read before the asso-
ciation.
Mereenthaler Earnings.
Earnings of the Mergenthaier Limo
tyne Company for the first quarter OF
the fiscal year, ended December 81,
1921, amounted to $524.600. according
to figures submitted to the directors
in New York. Earnings for December
amounted to approximately sl4o,ooo.