Evening star., 1924-01-08
RET|RES
AS BANK PRESIDENT.
George L. Starkey Elevated
to Post After More Than
Thirty Years Service.

Clarence r. Norment, who Tor more
than thirty years has been president
OF the National Bank OF Washington.
rendered his resignation. and George
l.. Starkey. first vice president. was
elected to succeed him at a meeting
or the board of directors this after
noon. Mr.. Moments action was no
surprise to his fellow officers and
directors. since they have known for
some time that he desired to be re-
iieVed as chief executive of the In
stitution. He viii continue to take an
active part. however. in the adminis-
tration Of the banks affairs as chair
man OF the board.
AT the same time the directors
eiected ID. J. Callahan as one of the
vice presidents. Mr.. Callahan. who Is
vice president and general manager
or the Norfolk and Washington
steamboat Company. long has been
connected with the bank as a di-
rector, having followed in the foot
steps OF his father, who was also a
director OF the institution.
Active in Civic Affairs.
Mr.. Moments retirement as active
head Of the bank marks a milestone
in the career of one of Washington's
most prominent and successful bust
ness men. Although the affairs of
the bank have always had first call
on his energy and talents. Mr.. Nor
ment also has taken an active part
in the development of other impor-
tant business enterprises in Washing
ton For many years he was president
or the Washington Railway and Elec-
tric Company, and it's subsidiary. the
potomac Electric Power Company,
and is now a director of these COM
panies and chairman of the executive
committee.
Mr.. Norment is one OF a small group
of men who has been responsible for
the building up of this great public
dent of the Norfolk and Washington
Steamboat Company, director OF the
American Security and Trust Com
pany. the Washington Market Com
pany and a number of other success
full local corporations. Mr.. Norment
also has been actively engaged in the
development of real estate in Wash
ington, and has successfully financed
many large building enterprises. He
comes naturally by his talents as a
banker, since his father, the late
Samuel Norment. was founder and
first president OF the old Central Ma
tional Bank, which was later merged
with tho National Bank Of Washing
n,
having been born within stones
throw OF the present location of the
bank. He is member of the Asso-
citation of Oldest Inhabitants of the
District of Columbia and of the Ma
tives OF Washington.
stnrkey Applies for Job.
In the files of the bank is a letter
dated November IS. 1883, written by
George L. Starkey. then a youth Of
nineteen. applying for a position as a
messenger. He got the job-the
humblest clerical position in the
bank. Today, after thirty-fi years
continuous service. this same George
L. Starkey was elevated to the high
est and most important position which
the bank has to give-the presidency.
Mr.. Starkey's record is one of which
few bank officers in Washington, or
any other city, can boast, since his
entire career has been spent with one
institution, and during the thirty
five years he has filled virtually every
clerical and official position in the
bank, literally working his way up
through the ranks to the highest
post. Mr. Starkey is thoroughly IA
miliar with every detail of the banks
organization, is well informed as to,
the local credit and commercial situa-
tion, and possesses a host OF friends
in financial and business circles No
man is better qualified to take Mr.
Norments place, since Mr.. Starkey
has been in daily contact with the
retiring president for more than a
quarter Of a century, and has always
enjoyed his full confidence and warm
friendship.
Omcers Are Reelected.
The following officers were re-
elected: George p. Sacks. vice presi-
dent: James Trimble, vice president:
J. Frank White. cashier; Edmund H.
Graham. John Alden, William Z.
Howard and Rutherford ]. Dooley. as
sistant cashiers; Edwin c. Branden-
burg. trust officer; Charles Linkins.
assistant trust officer.
Mr.. White, who was promoted from
assistant cashier to cashier during
the past year. has been in the en-
ploy of the bank for thirty eight
years. \ 49,
At the stockholders meeting prior
to the meeting of the board the fol-
lowing directors, among whom are
many of Washington's foremost busi-
ness and professional men. were re-
elected: r. p. Andrews, J. NJ Bea-
vers, E. c. Brandenburg, H. N. Braw-
ner, jr.: ID. ]. Callahan. J. Edmund
Camack, DIR. H. G. Duffeys. Max
Fischer, Maurice F. Flynn. G. w
Forsberg, George B. Goetz. E .Charl-
ton Graves. j. T. Hendrick. Frank r.
Jelleff. Michael A. Keane. Mark sLans-
burgh. Charles Linkins. DR.. Charles
r. Luce, Morris e. MARROW, Arthur ].
May, John G. Weinberg, W. Clarence
Miller, George Maurice, Norris, Clar-
enee' r. Norment. Harry Norment.
Charles schafer. John scriyener, odeIi
s. Emith. George L. Starkley, James
Trimble, r. j. s.Walshe. Harry Will
liams and Pevi Woodbury.. !.
The directors OF the1bank at a re-
cent meeting declared. the regular
semi annual dividend Of 6 per cent and
an extra dividend of / per cent, max
ing a, total annual dividend of 13
per cent. The directors also during
the past year carried 100000 to sur
plus, bringing the total account to
$500, 900, leaving $4,000 in undivided
profits.