Evening star., 1924-02-08
BANKER ASSIGNED
TO NEW POSITION
Johnson Made Trust Officer
at Commercial National.
Other Local Notes.

Hayden johnson has been elected
trust officer of the Commercial Ma
tional Bank. it was announced By
the institutions officials this morn
ing.
Tho Commercial was recently vest
cd with trust powers by the Fedora
Reserve Board and is now qualified to
act as trustee, administrator. re-
ceiver, guardian, etc. 1t was said
that the general routine of the
banks new functions would be cared
for by tho banks existing official
personnel. under the active super
vision of Mr.. Johnson.
The new department will begin
functioning Immediately.
SauiSbury New Bank Director.
Ex-senator Willard SALISBURY was
yesterday elected to the board OF
directors Of the Washington Loan
and Trust Company to fiji the seal
left vacant by the late Charles B
Bailey.
Mr.. Salisbury was affiliated with
the tn. uu Pont interests at Whining
ton, Deii i, pror 3afa to o. his election 70
dence In this city in addition to d
home in Wilmington
Increase i'm Resources.
The bank call OF December 81. last
has revealed an increase In the ag
grcgate resources of the country
national banks of s4S1,171,000 during
1923.
This was announced last night BY
Controller of the Currency Dawes.
who reported the total resources to
the call of December 29, 1920.
Deposit liabilities of the national
banks on December 81, amounting o.
s17.S2S, ,S61 900, were greater than a
any call date in history except that
iof December 81, 1919. This repre-
sents an increase of S7ss.331, 900 since
the call of September IA, but an in
crease of only s40s,S8O,000 over the
end of 1922 because of the reduction
in deposits during the summer pro
made for funds.
Thompson Taxation Chairman.
Eugene E. Thompson, president OF
the Washington stock exchange, has
| been appointed chairman of the fed
oral taxation committee of the In
vestment Bankers Association of
America.
John W. Prentiss. president of the
Investment Bankers Association. has
made up the personnel of the various
committees. That on foreign securi-
ties consists of Charles IL. Sabin.
i.
mer L. Schif, Moreau Delano: Howard
F.. Beebe, Alvin w. Kreck, Charles E.
| Mitchell, G. S. Sargent, jr, Seward
Prosser, Clarence Dillon, Thomas w.
Lamont, Elisha Walker, H. L. Stuart.
H C. McEldowney of Union Trus,
Company of Pittsburgh; Herbert
Fleischhacker Of Anglo, London; Paris
Company of San Francisco, and Alvin
| p. Howard of Hibernia Securities
Company of New Orleans.
m H.
posed of Ray Morris of Brown Bros.
& Co., chairman: Samuel L. Fuller OF
Kissell. Kinnicutt G. Co., f. NJ. Weld
/ of White, Weld & Co. Francis NJ.
Brooke of Brooke, Stokes & Co. Phila-
ander, Brown & Sons. Baltimore:
! Thomas Newhall of Drexel & Co.
Philadelphia; ]. j. Hanauer OF kuhn,
Loeb & Co.; George Whitney OF j. =,
Morgan & Co., j r. Swan OF Guar
anty Company and w. u. mckee, Ma
tional City Company.
Trading on Local Exchange.
Stock Of the Union Trust Company
gained approximately 2 points on the
| local board this morning, featuring
the trading. 1t opened on an eight
share sale at 1913 Is and closed at LOO
after siXty-three shares were sold.
LanSton gained a half point to 74i-.
as did Washington Gas stock to 49l2.
iCapital Traction was off to 95R and
Merchants Transfer and Storage sold
4 at 110.
! Bond trading confined itself to ia
! vorite issues at unchanged prices
+; Banker Mt Palm Beach.
r. Golden Donaldson. president and
chairman of the board of the Com
Beach. Fla, for several months oil
| his annual vacation.