The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1923-03-19
REVIVAL LOOKED
FOR 1t STOCK
EXCHANGE.
New Blood Injected Into Local
Institution and Outlook Is
Believed Bright.
CONTINUED rom Local Page.)

CONTINUED from Local Page.)
upon which site the washington
hotel now stands. Expansion, after
many years, necessitated larger
quarters and the second floor Of the
Adams building, 1883 F street north
west, was obtained. In 1916 it
again moved to its present location
at 72S Fifteenth street northwest.
The Present Officers. .
The officers who. direct the desti-
MES OF the exchange today are: Eu-
gene E. Thompson, president; r. E.
Claughton, vice president: John L.
Edwards, secretary. and o. H. r.
johnson, treasurer. Clarke j. Bell
is chairman Of the board Of govern
ors.
When the exchange first opened q
seat could be purchased for $25.
Business during the early stages Of
its career made the organization 30
prominent that this price climbed
until fifteen years ago the purchase
price had reached 10000. The price
today is $500.
Those Of the first members who
are still active participants In the
market are Charles G. Glover, chair
man Of the board OF the Riggs Ma
tional Bank. and Albion K. Paris.
former member Of the firm Of Crane.
Paris and Company.
Paris has In his possession q
|scrape.boOk containing hundreds Of
interesting mementoS relating to the
life Of the exchange. Clippings from
old newspapers with accounts Of ex-
change dinners at the famous Cham.
berlin restaurant and other old, and
to many, forgotten or never heard Of
eating places are included. These
entertainments were as exclusive
and as popular as are the GridirOn
Club. occasions today.
The remarkable part about Paris
career on the Washington Stock Elk
change is that he never paid cent
personally Tor his seat. At the time
the exchange was formed he was
cashier for the banking firm Of
Lewis, johnson and Company. This
establishment bought q seat and
Paris represented them there.
When he resigned to accept another
position, so little did the officials OF
the Lewis, johnson Company think
of the new financial bourse that they
gave Paris the seat. He stu has 1t.
Copy Of First Call.
In this scrap-book Ii copy OF
the first "call' on the Exchange.
Among the District securities listed
are, Permanent Improvement, Mar
ket Stock, Water Stock, and fifty,
thirty and twenty.five-year funding
bonds. The fifty-year bonds are
payable In 1924. The others were
taken up in 1892, 1899 and 1902.
Membership in the organization
carries with it q $1,000 life In
surance policy. These are paid by
assessment. The money goes to
the beneficiary without expense.
Besides the officers, other men,.
bers Of the Washington Stock Elk
change, the only index to values of
local securities, are: w. j. Booth,
r. Al. CASTELAR,, e. Floyd Caverly,
John Floyd Cissel. H. r. Dulaney,
III. III. Father, Leroy Gaddis,
Charles c. Glover. James M. Green,
J. T. Hendrick. w. B. Hibbs. w. d.
Hoover, Charles Jacobson, Edward
Norment, Albion X. Paris, Carroll
Pierce, s. T. Price, w. w. Spaid,
e. J. Stellwagen, L. L., Thompson,
Allan e. Walker, George o. Wal.
son, Frank g. wilkins, 8. N. Whit.
well, G. w. Weber, John W..
Brawner, J. F.. wilkins and James
O'Donnen. Estates represented are:
Henry Hurt, Daniel Fraser, Charles
Milburn and =. s. Parker.