Evening star., 1923-05-30
new BANK PLANNED
FOR TAKOMA PARK.
Maryland Commissioner
Gives ApprovaI-Mt. Vernon
Bank Has Annual Dinner.

| The bank commissioner of Maryland
| has approved the articles of 'incor-
| poration of the new bank to be
| opened in Takoma Park. Md. and
| according to James l.. Wilmeth
mayor of the town, little time will
! be lost in opening the new institution.
| Associated with Mr.. Wilmeth, who
has been deeply interested in the prof.
ect for several months, are Judge r.
D. Lille. H. B. Hendrick. Luther s.
Cannon, II. G. Kennedy and a. l..
Haislip.
According to plans. the bank will
be located near the intersection of
Carroll and Laurel avenues. 1t will
have capital stock of $4,000 and
surplus of $500. The entire amount
has been subscribed by residents and
property holders in. Takoma Park. 1t
will be known as the Citizens Bank
of Takoma Park.
The opening of this institution will
be the second in the community, the
Takoma Park Bank having organized
about six years ago, with capital stock
of $4,000 IL has grown since that
| time until today it's resources are now
in excess of 100000
Officers and directors of the new bank
| will be selected soon. 1t is most prob
able that Mr.. Wilmeth will be chosen
first president of the institution. He
has had many years experience. and
for long period was director of the
bureau of engraving and printing. Pres
ent plans call for the erection of a small
bank building, but the institution will
be housed in temporary quarters for
a time.
MOant Vernon Bank Dinner.
Displaying a spirit of good fellow
Sh in nd frin fft- xtrbi iS
| attributed much of the success Of the
/ institution, officers. directors and en-
! ployes of the Mount Vernon Savings
Bank gathered at their second annual
| dinner at the Harrington Hotel last
night.
! r. Golden Donaldson. chairman OF
1 the board of the bank. presided as
| toastmaster and paid glowing
| tribute to the bank. which today
boasts deposits or slightly less than
! S2.500,000 after but three years OF
| operation: major portion of this
| success Mr.. Donaldson attributed to
! the work OF w. r. Baum. vice presi-
dent and cashier of the institution
| Talent from the bank offered Il
| varied assortment of entertainment
during the evening. but first honors
! in this direction went to the old
| Washington favorites, George O Con-
(; nor and Matt Horne
Speakers included William j. Muehl-
1 elSeH. DreSluent. fTeu f1e"ltt. inter
national Association of Machinists
W. II. Baum. vice president and
cashier: Col Charles L. Frailcy
| counsel: Mary f. Hutchison. AN es-
+, timable employe; L. G. Dawson. vice
president; Robert T. Highfield. as
"i%tant cashier, and Hayden Johnson
/ counsel.
| Js shua Evans. Jr.. Named.
! Joshua Evans. jr.. has been named
4 N 80 GO N
| the Bankers Association Of the Dis
/ tTict of Columbia in the Chamber of
! Commerce of the United States.
TIE national council consists OF
/; orc representative each from the
4 more than 1.400 commercial and in
! dustrial organizations making up the
| national chambers membership. II
1 serves as an advisory body to the
| board Of directors. The council holds
| a special meeting preceding the an
/ nual convention OF the national
! chamber to pass on the program and
| to select q. nominating committee
| a councillor occupies a position OF
+, chamber and his own organization
! on important questions.
| The Chamber Of Commerce of the
! United States claims to he the
/ strongest commercial organization in
! the world. Its object is to encoura ge
! trade and commerce, increase the of
1 fiCiency of American business organ
| izations. to obtain uniformity and
/ equity in business usages and laws
+; and to- get proper consideration and
/ concentration of opinion on questions
| affecting the financial. commercial |
! civic and industrial interests of the
!. country large