Evening star., 1925-06-06
SUBURBAN BANK
TO OPEN MONDAY
Trust Co. of Northern Vir-
ginIa, in RoSsIyn, Com
pIeted for Business.
BY CHAS. p. SHAEFFER.

II
The Trust Co. of Northern Virginia.
located IN Rosslyn, one block from the
Virginia end of Key Bridge, will be Of
ncially thrown open to the public next
Monday, the business session being
supplemented by a house warming
and reception in the evening, from
to $50 o'clock
Housed in modern three-storv
structure, this newest Of Old Domin-
ION institutions presents q cerditable
appearance. The building is 40 by Go
1eet' ironted by five granite pillars.
me bank, occupying one side, is
f1anked by stores on the other. while
the upper stories are utilized by apart
ments
1t has an authorized capitalization
OF 100000. of which $50 900 is already
paid in. Stock, par for which is 500.
Is belng sold at $ll0, the balance pro-
Viding surplus
Every trust company function will
ne pracuced by the new institution,
including commercial and savings ac-
counts, the administration and execu-
ton OF estates, purchases Of real
estate mortgages and the guarantee
of real estate titles
X. Cotton Lewis is president and
trust officer of the bank, and Russell
A. Lynn is secretary and treasurer
Realty Firm Incorporates
The real estate interests of FIoyd Z
Davis have been incorporated under
the firm name of FLOYD Z Davis
Co, II was announced this morning
simultaneous with the announcement
came notice that an uptown office at
'33 Twelfth street northwest, had been
opened in addition TO the one main
tanned at Sol Seventh street South
west
Ofhcers of the corporation are FLOYD
Z. Davis, president; Clarence l. Cess
ford, vice president and treasurer
Walter G. Davis, vice president, ana
Fred a. Smith, secretary.
MIR. Davis has been in the real estate
business for more than 80 years
Bradstreet Reviews Trade.
High Summer temperatures have
Varlously affected crop, trade and in
dustry, BradstreetS report in Then
| regular weekly letter.
Where. as in the West. these have
been accompanied by rains. benefit
70 crops, especially corn. and a stinu-
! iatlon TO buying of light Summer
leoods mas followed. In the central and
| lower Mississippi Valley and southern
| Texas, however. where rain was need.
ed. the high temperatures alone have
| dulled trade and prevented best crop
development
/ In the country at large, high tenn
! peratures have tended to slow down
industry and temporarily retard buy
| ing. Taken as a whole. the arrival
| OF seasonable weather has probably
| helped more than hurt final distribu-
/ ton and hll-in trade with jobbers
The weeks bank cIearings amount
ed TO S9,406, ,579 900.
Investment Bankers to Meet.
The southeastern group of the In
vestment Bankers Association Of
America will hold its usual annual
Spring meeting on June 10, at the
! Green Spring Valley Hunt Club in the
suburbs of Baltimore
| a luncheon will be served at 100
ioclock, at which time a business meet
| ing Will be held and various com
mlttee reports submitted. This will
be followed by an afternoon of recrea-
| ton, followed by dinner at Z O'Clock.
New Power Line Starts.
| Wisconsin-s largest power transmits
| sion line has been started by the
| Wisconsin Gas and Electric Company,
a subsidiary of the North American
| Co. and will be completed this year.
Two hundred miles of high-voltage
| transmission line will interconnect the
Lakeside steam electric station at Mil
, waukee with the plants of the Pen
insular Power Co. in northern Michi-
gan.
These lines consist of three alum
| mum wires more than half-inch in
diameter carried on steel towers
spaced from 500 to 1000 feet apart"
| said President F. L. Dame "Oper-
ating at 1872 600 volts this transmits
sion project will rank among the long
est and the largest capacity lines in
! the country"
Holds One $4,000 Certificate.
The Merchants Bank and Trust Co.
| of this city was involved only to the
| extent of one $4,000 certificate of de-
| post with respect to the suit institut-
| ed by 1t against the Peoples Bank
| of keyser, w. Va
The decision, returned Thursday in
| West Virginia, held that certificates
| OF deposits, approximately So. 900
were fraudulently issued and We're
forgeries, not valid in the hands of
any one.