Evening star., 1925-11-21
SUBURBAN BANK
TO INCREASE STOCK
Chevy Chase Savings Plans
100000 CapitaI-Insur-
anCe Club Has Election.
BY CHAS. r. SHAEFFER

Directors OF the Chevy Chase
Savings Bank have voted unanimous
ly TO increase the institution S capital-
iZation to 100000 through the sale OF
$4,000 Of new stock SubsCriptions
are now being received
The additional shares will be sold
at $50 each, par value $50 the excess
of $40 share going into the surplus
account. This operation is similar 10
the initial procedure when a surplus
OF $4,000 was paid in coincident t.
the banks opening.
a part of the proceeds from the sale
of the new stock will be used in erect
ing modern banking house on the
banks property, southwest corner of
Connecticut avenue and Morrison
street. Building will begin about
April l next. The new structure is
| actuated by rapid expansion of bust.
! ness, which has boosted deposits to
So50,OO0, commendable figure In view
OF the short life of the bank and the
comparative desolate environs
The institution is offfcered by Ed
ward II. Jones, president; Thomas w
Perry and Frederick W Mackenzie
vice presidents; j Ezra Troth. vice
president and cashier, and p. S. Spoon
| assistant cashier.
William y. Payne, jr.. will head
the Insurance Club of Washington
during the ensuing year as the result
Of the annual election just consum
mated. Leonard f. Ruoff was named
vice president, with Henry A. Lsti-
mer secretary and Elmer L. Naurz
treasurer
Three additional members were
placed on the executive committee.
| namely, John T. Jones. retiring presi-
dent; T. Bruce ConIyn and Ralph ".
Lee, who was renamed for a sue
Cessive term
The Insurance Club Of Washington
mas been existent for the last three
years. and now boasts a nernbershin
II 90, composed Of representatives OF
hre, casualty and surety fields
I4Ie insurance representatives who
nave an organization Of their own, are
excluded from membership. The pur.
pose Of the club is 10 promote insur-
ance ethics and create good will and
| cooperation as between the members
Of the profession The club lunches
/ once a month. banquets once a yea,
ana holds a regular Summer outing
Gains i'll Life Insurance.
The District Of Columbia shows 2
gam OF 81 per cent in ordinary life in
| 5lrance sales for October over the
sStme month last year the Life Insur,
tnce Sales Research Bureau of Hart
FORD, Conn, announces.
| Ordinary sales throughout the conn
| try IN October We're II per cent ahead
| OF the corresponding month Of 1872.
| During this month $65S.7 900 Of
| new business. which is an increase Of
80 .ooU,OuO over October, 1924 was de-
ilNered and paid for by companies hav-
| ing In force IS per cent Of the total
| business IN the United states
| Inc amount OF insurance purchased
| during the first 10 months of this year
amounted TO $6,t25, 12T 900, an increase
| OF SS2lOUU.000. or II per cent over
| The same months OF last year.
c. & o. Seeks Note Issue.
The Chesapeake and Ohio Railroad
asked the Interstate Commerce Com
mission today for authority TO issue
and sell S4,S20. 900 in AZ per cent
equipment trust certificates TO enable
it to purchase Sc, ,220, ,764 of new euuip-
ment.
The carrier will obtain 20 new loco
motives and 119 cars and cranes.
Trading on Local Board.
F,ederal-American National Bank
stock, with q jump of more than 10
| points, featured todays abbreviated
session on the Washington Stock Ex-
! change.
This issue, which has Joined the
| long list OF rapidly advancing bank
stocks, opened at $50 advancing TO 352
on sales of 80 shares. The present
| figure is the highest level attained by
| the security.
| Potomac Electric Power preferred
! sold to the extent of 230 shares. the
| last transaction of a block of 100
| shares causing an easing off of an
| eighth point to 104. The remainder of
| the day sales were made fractionally
| higher. Gas stock was unchanged AT
| fractionally above 50. and Capital
! Traction was easier at 1929
Unlisted Securities Prices.
The following latest bid" and ask
ed" prices for unlisted securities are
| quoted for the guidance of holders of
these issues: