Evening star., 1924-04-25
FOR 100000
BANK HOME BEGUN
Demolition of Old Federal National
Building to Start Next
Monday.
FEDERAL-AMERICAN's SITE
Trading on Local Exchange Today
Shows Activity.

Demolition Of the old Federal Ma
tional Bank building, at 14th and &;
streets northwest. which has been pre-
liminary to date, will be started in
earnest Monday making way for the
elaborate new million-dollar structure
which will be erected on this site b,-
the Federal American National Bank,
John Poole, president of the amalga-
mated institution announced this
morning. Present tenants of the site,
which has a frontage of eighty-three
and eighty-four feet, respectively, on
14th and on G. streets, will have va
Gated by Saturday night, it was said.
RaZing to the ground floor is ey-
pected to be completed by the middle
of June, while the excavation viii
require an additional two and a halH
or three months. 1t is planned to have
the new building under roof by next De
cember and ready for occupancy By
May or June, 1925. 1t will have tho
greatest floor area of any bank in
the Capital, it is said.
Firm Rock Foundation.
Core borings, which have been sunk
to a depth of 100 feet, indicate the
firmest of rock foundations.
Contract for the construction of the
building will be awarded early next
week, it was stated this morning.
Harry V. Haynes, Wade H. Cooper
and w. w: Spaid are attending con-
ference Of the eastern savings banks
in New York city. This conference
is composed of the savings banks east
OF the Ohio River and north of South
Carolina.
A. L. II. Chapter Nominations.
Nominations of officers OF the local
chapter. American Institute of Bank-
lnlI Loot ,rrA~ -.
following results:
President, II. W. Burnside. assis tant
cashier of Farmers and Mechanics
National Bank; first vice president, L.
Jesse Chaney, Commercial National
Bank; second vice president, It. Hun
ton Leith. Security Savings and Com
mercial Bank, and Robert It. High
field, Mount Vernon Savings Bank:
secretary. A. Z. Henze. W; Il. Hibbs
National Bank; treasurer, Julian 9.
Cardin, Northeast Savings Bank; ]. +.
Hillyard. National Bank of Wash
ington, and Joseph d. Yerkes, Fed.
eral-American National Bank: chief
curity and Trust Company, and G. NJ.
van Hoesen, Second National Bank;
assistant secretary, j. Ramsberg,
Riggs National Bank, and w. G
Winstead. Metropolitan.
Board of governors: hennetn
Brooks, American Security and Trust
Company; Il. c. Calvo. Liberty Ma
tional Bank; Donald r. Cameron. FED
eral-American National Bank: James
G. Dulin. jr.. American Security and
Trust Company; Louis Eckloff, Ma
tional Metropolitan Bank; John J.
Fletchall, Potomac Savings BANK
George Shisler, Security Savings ana
Commercial Bank; Norman Towson,
Washington Loan aid Trust Com
pany; Miss Lois A. White, Federal
American National Bank. and Miss
Florence Willer. Riggs National
Bank.
Delegates to Convention.
The following were named to rep
convention TO be held in Baltimore in
July: l.. w. Bealer, William +. Bolls,
Charles d. Boyer, Miss Grace Brom-
ley, :. calvq, Donald Cameron r.
A. Dexter, Victor B. Deyber, James =.
Dulin, jr.; John I. Fletchall, p. N.
Garnett. Harry V. Haynes, A. /.
Henze, r. T. Highfield, Miss Catherine
S. Mallon, jr.; Miss s. Louise Mitchell.
w. NJ. Rankin, ir.: Mrs. Helena d.
Reed. L; J. Roberts, Clarence +.
Schatz. A. W. sherman, Norman L.
]. Waller, Miss Lois White, Miss Flor
ence Willer, Miss Mary Willer. Viii
liam G. Winstead. Miss Mildred Wood
cock, Joseph y. Yerkes, Frank Z
1ilek and H. W. Burnside.
business Before ID. c. Exchange.
Bank stocks were responsible for
a goodly proportion of trading on the
Washington Stock Exchange this
MOI ming, with strength the prevailing
issue. National Bank of Washington
was active for the first time i'll
months, fifteen shares selling upward
to 205. while Metropolitan brought
270. American Security and Trust
| was unchanged at 302, with Riggs Off
several points to 2Ss1s. Commercial
National sold at 141.
Merg enthaler Linotype sold in odd
lots at 152, but Washington Gas was
fractionally stronger at 49. Railway
preferred brought "A, and National
Mort gage and Investment preferred
was pegged at S1a. Insurance stocks
were in light demand. Firemen'S sell
ing at 1S, District Title the same and
shin Titla AT