Evening star., 1925-04-15
Washington Man Honored

" dSHlngton man fell the honor
OF leading the committee in its first
year, Victor B. Deyber, president Of
the Second National Bank and of the
local bankers association as vel.
having been elected permanent chair
man OF the entire advisory board. He
mas named as his associate John Poole
president of the FederaIAmerican Ma
tional Bank
tentative plans of the comnoittee
call for regular meeting once a wear
some time between April Is and 10
Lllltlal members of the body have
peen CHOSEN for one and two wear.
respectively which. in future, means a
ne" group of six members will be
named each year to serve two-vear
terms.
Sessions held yesterday were adj
dressed By Gov. George ]. Seay. head
OF the Federal Reserve Bank Of Rich.
mond. and by David r. Coker Of
South Carolina The States cor,pris
ing the fifth Federal Reserve distrir+
are Virginia, West Virginia, Mary-
Iand, North and South Carolina ami
the District of Columbia.
Members At Session.
Washington members ATTENDING
yesterdays session included Victor r
Deyber. president of the Second Ma
tional Bank; John Poole and W. !
waller, respectively president and
wee president of the FederaI-Ameri
can National Bank: Frank p. White
cashier OF the National Bank OF
WaShington; Vice President Stewart
OF the National Capital Bank: Frank
striker president of the Columbia
National Bank; Harry V. HAYNES
president of the Farmers and Me
chanics' National Bank: Hilleary &.
1osklnson, vice president of Riggs;
+ lloyd h. Davis, president of the Lin
coin National; Edward c. Graham
director of the Richmond bank from
th1s district. and Chief National
Bank Examiner Rorebeck.
Stock Exchange Dull.
Today'S session on the Washington
Stock Exchange was distinctly dull.
capital Traction being the one issue 10
eXhlblt strength, selling in odd lots at
- 4. Railway preferred brought SIS.
out Gas was lower at 56.
c. o. Fight Continues.
Holders of the minority stock of the
chesapeake and Ohio Railway are
still fighting to block the leasing Of
the company's holdings to the New
ork, Chicago and st. Louis in the
proposed Van Sweringen greater
Nickel Plate merger system. Counsel
Tor the stockholders protective com,
mlttee, as the minority group styles
ltSelt, Is In this city today to attend
the nearing on the proposed merger
before the Interstate Commerce COM.
mission, but before leaving Richmond
yesterday filed in Chancerv Court
memorandum of a suit to be insti-
tuted by George Cole Scott of Atlanta
chairman of the objecting minority.
NO statement accompanied the memo
randum
At the recent called meeting of
stockholders of the company in Rich
mona, long and bitterly contested
nght ended when a ma joritv of stock
hoIoerS expressed approval of the pro.
posed merger by passing a motion IN
lease the Chesapeake and Ohio TO the
Nickel Plate. The minority group had
sought to restrain the meeting on the
ground that the company had no char
ter right TO grant such a lease. but
their petition was denied by the equity
court, which ruled, however, that the
lease, If passed, should not be con-
sidered legal until the court had made
minute study of the decision and
rendered a final decision. That de.
cis1on has not yet been handed down.
Freight Traffic Drops.
Freight moved for revenue dur.
the week ended April required
6O,3S5 more cars than were needed
during the same week last year, but
1920 fewer than used during the
week ended March % this year, the
car service division of the American
Railway Association announced TODAY,
fixing the total for the week at 922,-
| 375 cars.
Decreased loadings during the week
ended April 4 were reported for all
| commodities except miscellaneous
| freight and ore. Observance of April
l as a holiday in the mining regions
was held responsible for decreased
coal lcadings.