Evening star., 1925-11-29

you.
Francis NJ. Savage has headed sew
eral banks in his day. his latest ven
ture being the Central Savings. Mr..
Savage is aggressive, a foe of branch
banking and one of the men who has
been successful.
National Capital Graduates.
George O. Watson. after refusing "A
number of offers started his own say
ings bank and then went into the Lib
erty National az executive. Maurice
OtterbaCk. another of the graduates Of
the National Capital Bank, with Wal
son, f1errell and Riordan, became
president of the -Anacostia Savings, Il
very well-to-do suburban instit tuition.
Raymond s. Schneider headed the
| Bank of lrightW"od, Edward II. Jones
the Chevy Chase savings, l.. t.. Rrue-
ninger the Citizens Savings and John
=. Beach the Departmental Savings.
The Franklin National, organized
after the United States Trust hquida-
tiOn with quarters at Pennsylvania
avenue and Tenth street, has been
guided very successfully by John w.
Cochran and his associates.
Walter s. s. Carter has successfully
| maintained the affairs of the Indus
trial Savings Bank for some years,
while John II. Hawkins is looking
after the recently organized Pruden-
tai Savings. which has made an eN-
4 Ctllent start.
In a Class by Itself.
The International Exchange Sank
is in = class by itself. ignoring bust
ness location and erecting its own
( building right in the center of "A pop
ulation that looks to the bank and it's
officials for guidance in matters none.
tary. It's executive. Joseph Schiavone
is also in law unto himself, self
made and self-confident, and there
fore successful.
/ The International Bank is another
| organiZat in class by itself. John
r. Waller is president. Some day this
| company may own bank. Up to
date it has found the local market
/ sufficiently profitable to keep it
! busy. Floyd +. Davis has long guided
the strong, manly steps of the Lincoln
National Rolfe r. Boiling was sue
cessor of F. p. Harmon at the Com
mercial National and he in turn was
| succeeded by "Goldie" Donaldson, who
has made very good. A. NJ. MCLach-
len is the president of the MCLaChlen
Savings Bank.
Some Other Leaders.
! William Muehleisen is the president
of the Mount Vernon Savings Institu-
| ton, one of the best and most promis-
ing.
! Passing over to the Avenue east
one finds Harry II. Mckee. who sue
ceeded Mr.. Iierrell. founder of the
National Capital Bank, still in the
harness and doing quiet, but good
work for the y. b. A. and ID. y. b. A.
Thomas II. Michael, for many years
the pilot Of the North Capitol Savings
! still presides over the destines of that
| successful bank. l.. +. Steuart looks
after the affairs of the Northeast Saw
ings and keeps competitors hustling.
On upper Fourteenth street north
| west, the Park Savings Bank stands
| high and dry, with a most enviable
| success under Thomas Sumerville e
| guidance.
In classic Georgetown the Potomac
Savings Bank still grows, with Henry
w. Offet as president.
S. II Waters heads the Seventh
Street Savings and the Tia koma Saw,
ings has prospered under s. G.. Red
man.
When John Joy Edison laid down
his presidential mantle. John 3
Larner picked It up. and ever since
he has been effective in guiding the
big trust company in smooth and
moneymaking paths.
| w lllldln NJ. fneian Stlll hea0S the
Washington Savings Bank, and A. s
Henderson, the Woodbridge Langdor
husky.
All Are New Presidents Since 1907.
Surely there is encouragement in the
record of the IS years and ) months In
the creation of all these presidencies
for the young man of today But this
is not all the list by any means
Probably dozen more might be
named who have come and gone, but
the list is long enough
If any active president has beer
omitted, 1t has been unintentional
The bank presidents of today are a
mighty fine body of men and uphold
the best traditions of the solid. old
time bankers of Washington
I They are wiser in their dav and
generation than were their predeces
sors, begging pardon of some chair
men Of directors, for they affiliated ir
the closest sense of the word, check
check-kitinC, serve credit information
to each other and meet and greet ir
friendly confab AS members of their
association and also at their weekly
luncheons kiters and "no-fund" oper
ators are beginning to recognize that
their operations are known i'm other
banks. and they are being Weeded out
very steadily. They find no satisfac
ton for loss, in the proba bility of a
fellow bankers being caught on the
same trick.
Space forbids the closing of this re
view at this time. 1t will be con
tinued next Sunday morning.
Amazing Growth Since War.
The greatest growth of local finan
cial institutions has been since the
inception of the great war.
Take December 81, 1914, with the
great war well under way, and Sep
tember %, the date of the latest call
by the controller Of the currency, and
| we have a very interesting compari-
son.
The trust companies are shown here
with: national banks and savings
banks will appear in the comparison
next week.
Dec. al. 1914. Sept. %. 1925
CAPITAL ..S3O 600 900 SO 400 OOC
Surplus ..... 1000, 600 2400 .00C
Undivided protits. 39s.s95 9o5.344
Bank buildng.... 6T0.091 B70.01t
CONTINENTAL TRUST
CAPITAL .... 100000 / 900 oo6
surplus ........ 100. 900 100 .00(
! Undivided profits. ....... $4,000
MUNSEY TRUSTe
MAY |. 1850
Ta9i,st fn9vided nrofis l,1s2'2s7 ".9oa 9os aos
Surplus -. .... 100000
Building 2.761 30
NATIONAL SAVINGS AND TRUST
Capital ......... 1000 900 600 OO(