The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1925-03-04
LATEST NEWS AND QUOTATIONS OF THE FINANCIAL MARKETS

its business had increased to sucn
an extent that it had outgro"n
its old quarters on the corner Oh
Fifteenth and Pennsylvania avenue
and it erected the handsome new
building on the adjoining lot, loVo
Pennsylvania avenue, which is no"
occupied by the main office.
The resources of the Riggs Ma
tionaI Bank at that time amounted
to less than four million. Iooay
the resources of the bank amount
to nearly forty million dollars, ana
in addition to the main office, op-
posite the Treasury Department, u
operates four branches for the con-
venience of it clients.
Retired From Presidency
Mr.. Glover retired from the presi
dency Of the bank in June, 1921. but
has continued to participate actively
in the banks management as
chairman of the board. He was
succeeded in the presidency OF the
institution by Milton e. Allies, who
came to the Riggs National Bank
as a vice president in 1908. having
resigned the position Of Assistant
Secretary Of the Treasury, to which
position he was appointed by Pres1-
dent Mckinley.
Mr.. Allies. as Assistant Secre-
tary of the Treasury, was in charge
of it's fiscal relations. He is man
of broad vision, and under his adj
ministration the bank has continued
to prosper, as gain Of roundly
ten million dollars in deposits dur
ing the past four years will testify.
The year following the election Of
~ H1A ho l.
policy OF expansion was inaug.
ing of the main office into one Of
south Of Philadelphia.
The Riggs National Bank is today
a complete departmental bank, with
commercial bank and savings de-
partments, foreign exchange depart
ment, trust department, safe de.
posit department, tax department,
credit department and customers
securities department.
It's officers are: Charles c. Glow
er, chairman of the board: Milton
E. Allies, president: Robert Y.
Fleming, vice president and cashier;
William j. Flather. vice president;
c. c. Glover, jr., vice president;
Avon NJ. Nevius, vice president;
George o. Vass, vice president and
assistant trust officer; H. G. Hos
kinson, vice president; Earle NJ.
Amick, assistant cashier; F. G. Bur-
rough. assistant cashier; Nelson B.
O'Neal, assistant cashier; B. Gwynn
Dent, assistant cashier; Frank G..
Rainey, assistant cashier; Raymond
G. Marx, auditor; Frank J. Hogan,
general counsel and trust officer;
George NJ. Mckee, assistant trust
officer, and 1. J. Roberts, secretary
to the president
It's directors are: Charles G..
Glover. William j. Father, Milton
Z. Allies, H. Rozier Dulany, Charles
/. Corby, Sterling Ruffin, Charles
Carroll Glover, jr.; L. Kemp Duval,
Louis e. Jeffries, John S. Lar
combe, Henry B. Spencer, Julius
Garfinckel. Fleming Newbold, G..
Powell Minnigerode. William NJ.
Ritter. Harry F. Clark, Frank ].
Hogan, Duncan Phillips, Randall H.
Hagner.
Advisory Council
The bank has an advisory council
of the outside offices composed of
the following: Milton E. Allies,
Charles Carroll Glover, jr.; Robert
v. Fleming, Avon NJ. Nevius,
George o. Vass, Dwight Clark,
Charles H. Tompkins, William M.
Donovan, Arthur Carr. Charles T.
Clagett, John Oliver La GORGE
Chester H. Warrington, Pere A.
Wilmer, John D. Rhodes, Bertrand
II. Roberts, Herbert L. Davis, Louis
E. Jeffries. Hilleary G. Hoskinson