Evening star., 1925-01-14
ADDITIONAL BANK
OFFICERS NAMED
Potomac Joint Stock Land
Institution Prominent in
Today's Elections.
BY CHAS. p. sHAEFFER,

BY CHAS. p. sHAEFFER,
Financial Washington was today still
busily engaged in annual meetings of
stockholders and directors, eliminating
IN The main, in the reelection of exist
ing governing bodies for 1925.
VI major Importance was the meeting
OF shareholders of the Potomac Joint
stock Land Bank, headquarters in the
woodward Building. which was held
eaIly tnis afternoon in Alexandra.
Alexandria was chosen because the in
stitution was chartered in Virginia.
In q statement to stockholders, Presi-
oent George A. Harris briefly reviewed
the operations OF his bank during its
10 months existence, stating total re
sources on December 81 amounted to
sZ'SI4,121.o1, adding the amount was
now in excess of S3,000,000. This in
Guides capital stock to the amount of
S1oo,OO0 and surplus of s23,5S4.26 He
also stated there had been authorized
and issued 100000 of bonds. Of
which $2,600, 600 had already been sold
A note of conservatism in the man
agement was sounded when report was
made that only a total of S2,3291Ou
had been loaned agricultural interests
in Maryland and Virginia on applica-
tons totaling $7122,347 from these
States. The bank was reported to BE-
now on a substantial earning basis.
The following directors were re-
elected for the year: John B. Coch-
ran, l.. w. Gunby, r. Laurie Mitchell.
George A. Harris, Arthur Peter, John
l. Cassedy, Charles Edward Hilliard.
A. Mitchell Palmer, y. T. Shu-
mate, j. T. c. Hopkins, jr.; j. P. Saul,
jr.; r. G. Bedinger, B. w. Parker,
]. NJ. Hooker, w. Gilbert Dent, Vernon
GOWN, Thomas p. Hickman, Shirley
Carter, George q. Grattan, jr.; Harry
Footer and Carroll Pierce.
Northeast Savings Elects.
The annual meeting of stockhoId-
ers of the Northeast Savings BanE
resulted in the reelection of the OH
board, as follows: ]. H BrodnaN, A.
f. Cook. w. H. Ernest, ]. B. Flynn,
H. E. Glotzbach, p. Hall, 6. F..
Hoover. H. r. King, w. r. Lewis, !.
Narcisenfeld, c. H. Potter, X F. Rea.
NJ. r. Ready, G. r. Steuart, l.. 7.
Steuart, c. r. Talbert, J. II. Thomas
and j. T. Vivian.
Stockholders were told the institU-
tion has just closed a very pros
porous year. having paid an 5 per
cent dividend and placed $4,000 T."
surplus without impairing more than
$3.50 in undivided profits. Resource
during the year gained more than
$3.50. 600.
Two Directors Added.
Jacob Shulman and Robert T.,
Mann We're added to the board of the
Washington Savings Bank at the an
nual election. Other directors re
elected follow: John r Brown. George
B. Bryan, A. c. Case, Joseph A. DAILY.
Miss @. Goodwillig. Timothy Hanlon
r. VI. Hicks. NJ. E. Horton, Joseph B
Jacobs. Thomas f. FARRELL. j. D. Leon
ard, Earle F. Marean, William f.
Russell, John NJ Trant, S. j. Venable
]. Redmond Walsh Thomas D
Walsh.
Organization following the stock
holders meeting resulted in the re
election of the official personnel, a.
follows:
Thomas Z. farrell. president; John
D. Leonard, vice president and treas
urer: George b. Bryan, vice president.
William L. Russell, vice president.
Robert +. Earnshaw, assistant treas
urer.
Citizens Savings Bank.
Stockholders of the Citizens Sav-
ings Bank held their annual meeting
in Alexandria shortly after noon to-
day and added the name of Lewis r
Breuninger to the directorate for the
ensuing year. Other directors were
reelected as follows:
]. A Bailey. Nobel p. Barnes, l. f
Breuninger. A P Clark, jr, Fred
Drew, o. r, Evans Holland W. jerks
JEANNE Kafka, Homer L. Kit r. l.
Lamb, c. c. Murray, John F. MurreIl.
Roy L. Neuhauser. Judge MARY
O'Toole. Fernand Petit, II. G. Smithy
Jack Somerville. Thomas Somerville
Lewis NJ. Thayer. Frank l. Wagner.
George +. Walker. DR.. John Z. Walsh
William d. West and Ralph NJ. Wolfe
Following the stockholders meeting
the directors organized as follows: l. F.
Breuninger, president; William D.
West. vice president; Roy l. Neu-
hauser, vice president; r. L. Lamb
vice president; c. G. Murray, vice
secretary: Ralph NJ. Wolfe, assistant
cashier.
United States Savings Bank.
Existing directors of the United
States Savings Bank have been re-
elected as follows: w. w. Anderson.
William D. Barry. Oscar Baum. Wade
H. Cooper, William T. Davis, William
r. De Lashmutt r. A. Dore. Charles
A. Goldsmith. w. e. G. Penny, John
]. Sheehy, r. l.. Taylor and Wilbur II.
Zepp.
The official roster for 1925 was re
elected, as follows: Wade II. Cooper.
president; william D. Barry, vice
president: Wilbur H. Zepp. vice presi-
dent; William r. De Lashmutt, vice
president and cashier; John F. Cook.
assistant cashier.
Ronald NJ. Earll and Joseph II. Bait
announced they have formed com
pany, Early & Bait, TO handle general
investments and high-grade real
estate loans. Offices have been opened
at 410 Insurance Building.