Evening star., 1924-11-13
SAUL IS APPOINTED
TO BANK COUNCIL
Local Financier Given A. B.A.
demonstrating on
Local Board.
BY CUAS. =. SHAEFFER.

e. F. Saul, vice president of the
American Security & Trust Co, has
been appointed member at large" Of
the executive council of the American
Bankers Association. Notification OF
the appointment was contained in i
letter to Mr. Saul from +. \. Snep
herd, executive secretary Of the ma
tional organization.
The national president is vested
with the prerogative of naming five
members at large" serving for a
period of one year. These, together
with one member for each 100 banks
Of the various State associations,
named locally for a term Of three
years, make up the entire council
which governs the American Bankers
Association between meetings.
Mr.. Saul's appointment is signal
honor. For many years he has played
an active part in the affairs of the
association, particularly the savings
bank section, which he has officially
represented. 1t was in this work
that he became closely associated
with William L. Nox. president OF
the Bowery Savings Bank of New
York City. who is now president OF
the American Bankers Association.
The appointment gives to the Dis
trict Bankers Association two repre-
sentatives on the parent governing
body. Joshua Evans, jr., past presi-
dent Of the local association. is now
entering his second year of the three
year term, he having been elected TO
fill the vacancy left by the retirement
of Gorge o. Watson, president of the
Liberty National Bank.
New Treasury Financing.
The United States Treasury IS ex-
pected to come into the money mar
ket on a large scale within the next
few weeks. according to information
received in the financial district this
morning. announcement of new
financing is expected the second week
in December.
Funding Plans Approved.
Directors Of the Washington Rail
way * Electric CO. yesterday ap-
proved funding plans Of asking the
Utilities Commission for permission
to issue $l.S50,000 of Railway as to
redeem similar amount of Metro-
politan 5S, which fall due February
l next.
A compromise light rate was ne
discussed, officials aver
-B. d o. Conducts Safety Drive.
The Baltimore and Ohio RallRe0A
Company is conducting, during -
Eember, an accident prevention aal2r
over the system. Silver loving SsnH
will be awarded as prizes 70 a.
shops with the best record in pre-
venting accidents to their respective
forces.
Plenty of Freight Cars.
Although freight loadings for the
week of October 81 amounted to l..
o'5'.430 cars, class / railroads on
! that date had 99.190 surplus freight
cars in good repair and immediately
available for use, an increase of 5.o3I
over the number on October %, ths
American Railway Association r..
ports. Virtually no car shortage i
being reported.
Stock Offered Employees.
Rights to subscribe to the I per cen
preferred stock of General Motors
Corporation are being offered to en-
ployes at $99 a share, in amount.
from one to ten shares. based upon
wages. Subscription books will open
December /. To induce subscribrs II
remain with the corporation, an extra
8 share for five years will be paid
annually in addition to the regular
annual dividend of s. share.
! Strong Tone on Exchange.
! \ strong tone was again evidenc..f
| on tn local Stock Exchange todsy
| without a particular leader Wash
/ inston Railway and Electric prt.
! ferred advanced fractionallv to 7as,
! on small sales, as did Capital Ira.
! tion to 1885. Gas was firm at 81 ana
Mergenthaler was unchanged al
( 1861 One share of Coutinental
/ Trust Company stock sold at S5ip
! and go shares of National Mortgage
| and Investment preferred changed
/ hands at g
1 nf l,a
was quiet and unchanged