Evening star., 1923-10-15
RIGGS BANK PAYING
Bic SUM TODAY
Transaction Involves ST.
$50, ,O0O-Farm Loan Bond
Issue Announced.

| Financial transa ctions involving a
total OF s1.63O.000 are being con
! summated by the Riggs Nationa
Bank today. One million dollars in
stock dividends, in the form OF
stock certificates covering the re-
cent declaration of 100 per cent. arc
| being distributed TO stockholders:
100000 worth of new stock is being
put out TO stockholders. TO which
they subscribed at par. and the Semi
| annual cash dividend of IS per cent
on the old capitalization of the in
| sttution. s1,0G0,000. totaling $3.50
coo. is being paid.
| bue TO the success Of the Christ
mas savings clubs maintained at tho
outslde offices OF this bank. it wsS
! ani.ounced that a club W@II be opened
at tho main office on December 10.
$i7.OeO.oo0 Bond Issue.
me Federal Farm Loan Board to-
oSF announced fiOtation of a combined
| oHering of $4,000, ,096 in federal farm
loan bonds. The securities. dared
July !. 1923. will bear interest of a.
per cent and will mature in thirty
Chairman Cooper of the board ex-
pressed the belief that the amount
Fealized from the sale Of these bonds
Win FUNDS on hand, would be suff-
cleht to meet the call upon the bank
1or the remainder Of the year
IN view of the constantly growing
strength OF the federal land banks
ana the advanced rate he said "the
arm Loan Board believes this offer
Ims VIII prove especially attractiv-
me advance in the bond rate will no.
1GylnEtl n - 70
rowers.
Local Stock Offered Public.
An Offering OF $500. 600 of ureferreI
stock. bearing 5 per cent cumulatiy,
dividends, is being made today by the
Jnhn h. wilkins Company Of this
CITY. IN" <ompany, it is said, had
ouISFg"h rs quarters as we'll as It's
capital and this offer Of preferred
stock is for the purpose Of enabling
1t 10 continue its expansion.
Inc John II. wilkins Company is 4
corporation under the laws Of the
/ state OF Delaware. with an authorized
capltalization Of 5000 shares of pre-
o'ooo shares Of common stock without
| par or nominal value.
lanes Jrlmble, vice president of
the National Bank of Washington.
caiFered an address today before the
office uf supplies and accounts In TIN
Navy Department. in which he re-
viewed the early history of the Of
| nee of the controller Of the cur
rency, laying particular stress upon
bank examinations.
I Among some. of the interesting facts
related. Mr.. Trimble referred TO the or
san!zation OF this bureau when the per-
sonnet consisted 1f only two clerks and
ono messenger. This messenger, it wa
SAID, was none other than the dis
ringulshed banker John JOY Edison
Il,
Tor a generation with one Of the lareesr
ana most successful trust COMPANIES il,
thls city. and is regarded as the fathe
OF the building and loan association.
| Stock Exchange Active.
! PTeterred stock Of the Wash.nstof
halfway and Electric Company sold il,
! neavy volume on the Washington Stoc!,
hAchanse today, declined half point
10 VIZ and thus featured the session
A total of 240 shares changed hands.
! capital Traction stock was aIsn
Easler AT par on sales Of p shares. ana
continental Trust Company was un-
| changed at 80. Three shares of Ameri
! can Security and Trust Company sold
at 3o5, and Lanston brought !3Tk
| washington Gas 6s sold at l005s and
- and Chesapeake and Potomac Tele
phone 9s were firm at s61s
| Bank Association Oficers,
4 reorganized staff Of officers and tho
personnel OF commissions and commit
tees Tor the coming organization year
/ is announced by the American Bankers
Association. Fred n. Shepherd ra
| appointed executive manager. Thomas
H. Paton. general counsel, and WfIliar,,
| -. FltzWilson. secretary and assistant
| treasurer. The new aCrlinfsfratiI-a
committee follows:
| Walter W. Head president. Omaha
National Bank. Omaha. Neb.. chair
man: Charles II. Deppe. vice pres;-
dent. Union Trust Company, Gin
cinnati; Alexander Dunbar. vice pres
ident, Bank of. Pittsburgh, n
| PittsbuTgh: +. Z. Harding, vice pres
| Ident, Forth Worth National Bank
/ Fort Worth. Tex: William E Knux
president Bowery Savings Bank. New
! York; J. d. Phillips president. Green
; Valley Bank. Green Valley. M.
| FhomaS r. Preston, president, HamiI-
ton National Bank, Chattanooga: J.
! II. Pueltcher, president. Marshall and
Ilsley Bank. Milwaukee: Joseph r
Ramsey. president. First National
Bank, Rocky Mount, y. c.; Sam Ste,
phenson. president. First National
Bank. Great Falls, Mont: Oscar Wells.
president, First National Bank, Biz
mingham. Ala; Evans WooIlen, presi-
dent. Fletcher Savings and Trust
Company, indianapolis.
Banker Returns Home.
Andrew Parker of the Washington
Loan and Trust Company has return
ed to the city after a vacation al