The Washington times., 1925-03-12

1918 a foreign department, winch
has C1eveloped into a ma jor feature
of the institution and now mas
added to that department bureau
of travel service which PROVIDES
every comfort and economy for the
traveller.
Published reports of condition in
dictate only the bank business done
by the company and the pubic
therefore is usually unaware or the
fact that the trust department
represents very much larger re-
sources than the banking depart
ment. In this department estates
are managed for living owners, as
well as the dictatorship of wills.
and the administration of estates
of those who have passed away
without making a will. The trnst
department. also has been a pioneer
in the development of insurance
trusts and, by invitation of the
Radio Corporation of America, its
assistant trust officer. William H.
Baden, gave a. series of talks on
this subject which attracted coun-
try-wide attention. Andrew Parker,
for many years vice president of
the company, is the trust officer.
Insurance Trusts.
An insurance trust is the latest
feature Of estate development by
means OF which it is possible to
largely increase the value of estates
through the addition of insurance
carried by the income from the estate
already accumulated. This method
has proved very attractive to men of
means. professional men and women
and business men.
Into the hands of the trust de-
partment there comes great deal
OF real estate under trusts and wills
and, this in turn, necess;tated the
development OF real estate depart
ment of the company which has
grown to such large proportions that
it has. to be housed in separate
building adjoining the main office.
This department. does not compete
with the realtors because It aims to
handle only the properties which
come into its hands through the
other departments Of the company.
The real estate department. is in
charge OF Alfred, H Lawson who
was for number OF years connected
with the District and Lawyers Title
Insurance Companies. T. Carroll
Grant is assistant real estate officer.
Opens Savings Department.
In February of 1919 the company
acceded to the demands OF many
depositors and opened a savings
department, and by the end of the
year had over a million dollars to
their credit. This has proved a
popular, feature Of the company's
service and has shown a steady
increase each year. This depart
ment is under the charge OF Boyd
Taylor, vice president. who has
been with the company since its
establishment.
Harry G. Meeni is vice president
and treasurer OF the company, and
is looked upon as one of the best
informed men in local banking
circles in the matter of investments
and securities. Upon him rests the
responsibility for the finances of
the company and the steady growth
in the capital assets reflect the
character Of the service he has
been rendering for many years.
Officers Of Company.
Probably no man is better known
in banking circles in the National
Capital and throughout the coun-
try than John Bell Larner, the
president. Under his management
the company's business has more
than doubled new departments
have been organized. the branch Of
flee established, and further en-
largement of it's facilities have been
made necessary. Other officers of
the company are Charles r. Grant
and Herbert A. Poole, assistant
treasurers, the latter being a
brother OF John Poole, who is presi-
dent of the Federal-American Ma
tional Bank.
The care and prudence with
which the company's affairs havS
attributable to the character of
it's board of directors. which has
always been selected with the pur
pose of having men whose ability
and reputation were established by
the success with which they had
managed their own affairs. The
present board, of which John Joy
Edison is the chairman, consists o.
the following gentlemen:
John H. Clapp, Frederick V. Co
vile, Augustus Crane, Floyd E..
Davis, l.. Whiting Estes, Albert
min w. Guy. Holcombe G. John
son. John A. Johnston, Carr b.
Keferstein, George A. King. J. Leo
KoIb. John B. Larner, John. G.
Let's. Harry G. Meem. Theodore
w. Noyes, Andrew Parker, Walter
S. Penfield. Arthur Peter, Frank
p. Reside. Willard Salisbury,
Boyd Taylor. Harvey w. Wiley,
and Donald Woodward