Evening star., 1924-01-10
D. C. BANK DIRECTORS
ELECT OFFICIALS
Washington Loan and Trust Com
pany Votes Regular and Ex-
ira Dividends.
TRADING ON EXCHANGE
Promotions Announced by Union
Trust Company.

The Washington Loan and Trust
Company earned 27.70 per cent on it's
sl,000,000 capitalization during the
year ended December 81, 1928, accord
ing to annual report submitted to
stockholders. These profits mark a
slight decline from earnings of the
previous two years, chargeable to an
Increase in expenses during the year
just closed, but were sufficient to en-
able directors of the institution yes
terday to declare an extra dividend
Of per cent, in addition to the 126th
regular disbursement of 2h per cent,
both payable on February 1. Books
for the transfer of stock will be
closed January 26 to February /, both
dates inclusive.
Surplus and undivided profits OF
the company reached their peak dur
I'M the year, amounting to $l,SS9.2T9
at the close Of the year. Total bust
ness transacted in 1929 (receipts)
amounted to $112.410,so9. which is
| another record established. A total
of S,414 accounts averaging 1913 were
on the books Of the company at the
| close of the year.
| District National
The existing official personnel of
| the District National Bank will con-
tinue in charge during the year, di-
rectors today voted. They are as fol-
lows: President, Robert n. Harper
vice presidents. w. P. Lipscomb. n. L.
Sansbury, C.. J. Gockeler and T F.
Kane: vice president and cashier, Hi
| leary L. Offutt. jr.; assistant cashiers.
William c. LOCKER and Theodore S
Mason; attorneys, Barnard G. John
son; trust officer and general coun
Sci, Wharton E. Lester. and assistant
trust officer. B. L. Cotton.
National Metropolitan.
No change in the official personnel
of the National Metropolitan Bank
was made at the meeting of directors
today. the following being reelected
to serve the ensuing year: George
w. White. president; o. H. P. John
! son. vice president; C. F. r. Ogilby.
trust officer; c. F. Jacobsen, cashier:
]. Gales Moore, auditor: c. E. Bright.
! A. H. Bedford and C. L. Ecklofr, as
sistant cashiers.
McLachlen Corporation.
Lanier P. McLachlen was today re
elected president of the McLachlen
| Banking Corporation to serve in 1924,
| by directors of the institution.
Firman r. Horner was. at the same
time. renamed vice president and
John A. Massie, vice president and
i
reelected secretary.
Directors Are Reelected.
| Stockholders of the Citizens Say-
ings Bank held their annual meeting
late yesterday and renamed the
Nobel P. Barnes. L. E. Breuninger.
| following directors: j. A. Bailey,
A. P. Clark. jr:; Fred Drew. @.
Kafka. Homer L, Kilt. r. L. Lamb, G..
&c. Murray, John F. Murrell. Roy l..
Neuhauser, Judge Mary O'Toole, Fer
nand Petit, Judge John w. Price, IL.
G. Smithy, Jack Somerville, Thomas
! Somerville, Lewis NJ. Thayer Frank
John E. Walsh and William d. West.
Lincoln National Officers.
| Floyd E Davis was today re-elect- =
ed president of the Lincoln Natfonai
Bank. az were the following to their
respective positions: S. Dana Lincoln
vice president: Albert S. Galley, vice
| president and cashier; John W.
Stowell, J. Everett Baird and H. Z.
Wilson. assistant cashiers; Henry I.
Offterdinger. secretary of the board
George Francis Williams. counsel
and w. W. MILAN. associate counsel.
Park Savings Election.
The following officers have been
{ reelected by directors of the Park
savings BANK:
Thomas SomervilIe, president:
| Walter H. Klopfer, vice president:
George E. Walker. vice presiden
William B. Todd. secretary; Robert
S. Stunz, cashier; B. Mcneil assistant
J cashier; Joseph w. Cox, attorney
| George A. Provost. general counsel
George W. White. president of the
National Metropolitan Bank, was tile
/ only addition to the Park Savings
Bank directorate.
Bank Branch Completed.
The District National Bank will
| throw open its uptown branch at
Connecticut avenue and K street
! northwest, next Tuesday morning
Robert N Harper. president of the
| institution announced last night
| w. G. LOCKER. assistant cashier Of
| the institution, who has served it
since its inception in 1909, will be in
! charge of the new branch.
| More than 500 local stockholders OF
the l.. r. Steel Company are follow
| ing closely the progress OF the re-
Organization plans now being carried
on in Buffalo.
r. B. Miller. chairman of the local
| committee, ist advising Washington
J shareholders that the new proceed
ings are strictly within the confines
4 of the law, and states that contrary
, advices from Buffalo are false. be-
ing perpetrated by persons seeking to
obstruct the progress of the plans.
Today'S session on the Washington
Stock Exchange was ruled by quie:
! trading. with firm prices prevailing
Railway preferred was strong at 74%4
with the common unchanged at 70l4
and 70h. Capital Traction was easy
at BAY. with Mergenthaler selling at
/, 156. Riggs National Bank sold at