Evening star., 1923-07-25
DIRECTORS ELECT
IF. WHITE CASHIER
National Bank of Washing
ton Fills Vacancy-LocaI
Exchange More Active.

]. Frank White, assistant cashier
of the National Bank of Washington.
was today elected to the cashiership
of the institution to succeed w. Wal
lace Nairn, who, on account of i'll
health, rendered his resignation June
80 last. The election took place at
the monthly meeting of the direc-
torate.
At the same time Edmund II. Gra-
ham. John Alden. William L. Howard
and Rutherford J. Dooley were named
assistant cashiers in recognition OF
their long and efficient services.
Mr.. White has been continuously in
the employ of this old and substan-
tial institution since the year 1885.
has had wide, varied experience IN
the profession and is thoroughly
versed in it's every nhase. The best
insight as to his ability as bank
official can be gained however, by
his promotion to this important ca
pacity in a bank which boasts the
prestige the National Bank of Wash
ington enjoys.
The new assistant cashiers. also.
have served diligently and meritori-
ously for many years and are vet
Grams in every sense of the word.
The capital and surplus of the in
stftution is $l.T50.000 1t is officered,
in addition to the new officials, by
Clarence +. Norment, president;
George l.. Starkey, George =. Sacks
and James Trimble. vice presidents:
Edwin {. Brandenburg, trust officer.
Charles Linkins, assistant trust Off
Ger, and Everett ii. Parsley, auditor.
Addresses Loan Associations.
c. Clinton James, president of the
Building Associations Council for the
District of Columbia. and attorney
for the Columbian Building Associa-
tion here, speaking before the annual
national convention OF Building and
Loan Associations at Tacoma, Wash,
this morning, declared that there
are 10000 associations in the United
States, with assets of S3,3I3, UUu, ,gJu
and nearly 100000 members, an in
crease of over l,U00,UU0 membership
and nearly $5G0,DU0,UUU in assets.
Over $4,000 was loaned during
the past year in the District OF Colum-
bia," Mir. James said, by building and
loan associations"
the District include Mr.. and Mrs
James, Mr. and Mrs. w. S. NJ. Quinler
and MIR. and Mrs. IL. X. Norton. About
500 delegates and visitors are in at
tendance.
W. II. & Il. Directors TO Meet.
Directors of the Washington Railway
and Electric Company Will meet this
afternoon, and il is believed a common
disbursement of $1.25 per share will be
dec .ared, payable proDably OH Septen-
ber J. In addition, the preferred dis
bursement will be acted upon.
The first common dividend since
March J, 1913, was declared three
moatnS ago at the rate OF . per cent
annually, although no provision was
made tor future melons" 1t is gem
nnOpTSt00n
VIII De made 10 maintain this rate.
Bankers Plan Vacations.
Wistar 81 Balderston, vice presi-
dent of the Standard National bank,
will leave by automobile Saturday
morning for several weeks vacation
TO be spent touring New England.
His itinerary has not been mapped
out completely. Mrs. Baiderston VIII
accompany him.
George .. watson, president of the
Liberty National Bank, will also
leave saturday for the AdIrondacks
where month VIII be spent. MIS-.
watson VIII accompany min.
White Motor DINfuend.
The Nnitc alotor Company direc-
tordte mas declared the lnIrty first
consecutive regular quarterly dIyI-
denu ol SIUU pes snal., payable Sep
tembef 90. To stocnnoIueIS uI record
at the close Of business September 20.
heporla Iur inc siA months ended
juno 80 inuicale that the net earn
lngs for the slX-moHth period were
the highest in the history ef the COM
pany Tor corresponding period.
Local Exchange Active.
Heaviest trading in weeks occurred
on the Washington Stock Exchange
this morning, with prices stronger eX-
| cept in the case of Lanston. which led
the market. This issue sold to the
extent OF ninety shares, easing off a
full point tot.
! Capital Traction was strong at par
and d halt. and Railway preferred
was unchanged. District National
| Bank sold at 167. and two shares of
| Riggs brought 65l. Washington Gas
! Light was firmer at 49A