Evening star., 1925-06-11
JAMES MADE HEAD
OF NATIONAL BODY
Local Building Association
Member Elected President
of Federal League.
BY CHAS. p. SHAEFTER.


c. Clinton James was elected pres.-
dent Of the United States League OF
Local Building and Loan Associations
TINS morning, at the thirty-third an.
nual convention OF the league held in
Kansas City, Mo. Mr.. James is the
nrst president Of this league from the
District of Columbia.
Figures made public at the con
Ventfon show there are 1864 build
ing and loan associations in the United
states, with total assets of 81 $50 SOC
4S5.19. Growth Of these associations
from a small beginning nearly a cen
tury ago has been most phenomenal in
the last five years. Last year the
gain in assets alone was S7lT.S69.-
b15.l9-an increase in one year as
great as the total assets of all asso-
Citations in 1907.
A lawyer of long practice here. Mr..
James is prominent in financial fields
as we'll. He was president of the
District Of Columbia Lague of Build.
ing Associations for three years.
and is member Of its executive com.
mtttee. He has held the office OF
fourth, third, second and first vice
presidents Of the national organization,
and has been chairman of it's federal
Legislative committee for the last three
years. He is also an officer and or
j
Building Association here.
Other officers of the national organi-
zation include: George L. McKirnis
of Shawnee, Okla, first vice president;
Otto T. Salick Of Milwaukee. second
vice president, and Walter 7. Mellow
ell of Tacoma. Wash, third vice prest-
dent; Edward c. Burton of Chester,
Pa, treasurer, and II. f. Cellarius of
Cincinnati, secretary.
Mortgage Firm Votes Dividend
Directors of the Mortgage Bond and
Guarantee Corporation have declared
the regular semi-annual dividend at
the rate Of s per cent per annum on
the fully and partially patd-in pre-
ferred stock of the company, payable
on July l to stockholders OF record
June 20.
While no figures We're offered for
public consumption. officials of the
company state earnings are materially
in excess of dividend requirements
and therefore satisfactory. Aq-
proximately SlO00,000 of preferred
stock will be involved in the forthcom-
ing disbursement.
The Mortgage Bond and Guaranty
Corporation deals exclusively in first
mortgages on District real estate.
Savings Banks Quarterly.
ne CIlleu SldISS Savings BANK
has also declared the regular quar-
terly dividend Of ~ per cent, payable
on June 80 to stock Of record June 20.
This institution boasts the distinction
of being the largest dividend payer in
the city, having maintained an annual
rate of 80 per cent for several years.
Other Dividend Action.
Directors of the East Washington
Savings Bank have declared semi-an-
nual dividend Of per cent on its cap
ital stock, payable June 80.
AT the annual meeting, just held.
John c. Yost was. reelected president
for the ensuing year, while Samuel II.
Walker and Lewis Flemer were re-
named to the respective offices of first
and second vice presidents. Charles a.
Mccarthy was selected again as secre-
tary-trea surer.
The above named officers, together
with the following trustees, constitute
the directorate: John c. W. Beall,
James a. Donohoe, Gratz E. Dunkum,
John Ford, w. p. c. Hazen, Michael
A. Lynch, William A Lynch, Henry
H. Mckee, Morris Z. NARROW, William
n. Payne, jr., and John c. Weldon.
Northeast Bank Also in List.
Directors of the Northeast Savings
Bank have declared the regular semi
annual dividend of 4 per cent. payable
on June 80. Books will remain closed
from June 25 to 80. The board also
voted the transfer of $4,000 TO the
surplus fund, making this item S4O,-
600.
Lanston Leads Local Stocks.
Lanston Monotype was the leader in
sales volume in a session featured by
heavy trading in local stocks on the
Washington Stock Exchange this
morning. Gross sales aggregated 400
shares, but the previous level of So
remained intact throughout.
Another bright spot in the days
transaction was furnished by stock
of the Washington Gas Light Co.
which sold to the extent of 116 shares
at SO, its strongest level in recent
weeks. Railway preferred strength
ened fractionally to SO, and was sold
to the extent of 101 shares. Capital
Traction was strong at 96s4. as was
National Mortgage and Investment
preferred at 9as. Commercial National
Bank continued upward, 80 shares
selling at 169 and 1922.