Evening star., 1925-11-29

ways aNallable, even in libraries that
are supposed to be up to date. Hence
! 1t is necessary. in continuing the
| review of banking conditions in
! Washington, to go back to 1905 in
| order to obtain a correct list of the
! banking institutions doing business
| in this city at that time.
| There We're - national banks then
| Going business, savings banks. | 4
! branch of IA New York institution.
ana trust companies.
Washington Banks i'm 1908.
These then are the institutions in
| 1905 showed 47.07S. .0O0 deposits,
$l0,777,000 surplus. $6,344.0 900 undi-
vided profits and $4,000 900 loans in
l3u3, and their presidents:
Central National. Clarence +. Nor
mcut; Columbia National Albert r.
Fox. Commercial National Frederick
g. stevens; Farmers mad Mechanics;
National. :. Thomas Brown: Home
Savings Bank, +. f.. saul: Lincoln
National Bank, James l.. Wilson;
National Bank Washington. Charter
a. James: National Metropolitan. t..
=. Parker: National Capital Bank.
John +. Ilerrill; international
(branch), ]. 5. TAFT, manager; Amer
lean National, r. \. Harper: Potomac
Savings. John G.. Waters: Riggs Ma =
tional, G. c. Glover; Second National.
w. V. Cox: Traders National.
George {. Henning: Washington
Savings Eank. q. G.. staples: People :
Bank : T. Masters: Union savings
Bank +. II. Smith. American S"cu-
'ity and Trust. e. !. Bell; National
Safe Deposits Savings. Thomas K.
Jones, and the Washington Loan and
Trust John Joy Edison
Two Presidents Still Active.
OF the entire list of executives hut
two are still at the head of active
hanks-C Charles J. He'll and Robert y.
Harper. two of the best known and
most active presidents in the Wash
inEton group.
Mr.. Harper took a short rest be
tween the time of resigning from the
American National and organizing the
District National.
Both of the gentlemen named have
passed the intervening 90 years in
splendid physical condition for men
who have spent themselves SO freely
for the public veal
OF the others Clarence T. Norment.
Albert F. Fox. r. F.. Saul, G. G.
Glover and John Joy Edison are still
vitally interested in local banks, but
younger shoulders. Most of the 9th
ers. leading citizens in their day, have
gone hence.
More Banks Are Started.
In 1909 we find the following new
banks functioning: Citizens Savings,
James A Sample. president; Dime
Savings Bank, NJ. ID. Rosenberg; East
Washington Savings. J. +. Herrell:
Fourteenth Street Savings, II. w.
Stubbletield: National City Bank. +. Q.
Smith: United States Savings, James
l.. karrlck: United States Trust Co.,
+, Bradley Davidson; Union Trust Co.,
r.. j. Stellwagen; and the Washington
Mechanics Savings. Ezra Gould. presi-
dent.
The Dime Savings Bank soon adopt
ed the more pretentiOuS title OF the
Bank of Commerce and Savings and
has grown TO real Importance on the
northeast corner of Seventh and r
streets. NJ. u. Rosenberg has been
continuously its executive, but the
daily management of the bank has
been under the able care of John Nj
Riordan.
The Citizens Savings Bank was solo
later to the District National Bank
The Fourteenth Street Savings passed
over to the United States Trust Co.
under the presidencv of f. +. Jordan
The National City Bank passed tC
the presidency of P. A. Drury and
was taken over by the Commercial.
OF the second-named group of presi
dents NJ. d. Rosenberg, p. A. Drury
Edward ]. Stellwagen and Ezra Goult
are still active officials.
Looking over the roster of the Com
mercial National Bank back in 1905
a.
ca shier X. f.. Claughton as assistant
cashier and Victor b. Deyber as sec
retary. In like manner one may tinC
many of the leaders in finance today
connected with some of the banks a
that time and a little later.
George W White. today one of oui
leading presidents. started business az
IA messenger in the National Metro
poltan Bank, of which his father was
the cashier. and of which the son is
now executive head.
Many New Presidents.
|, The youth of today can find moth
! ing dscouraging In the record o
! hank presidents made in the last q
years.
When r. \. Harper resigned from
! the American National he was sue
! ceeded by r. n. Lynn, and on his
! death by accident, w. T. Galliher real
I lied his ambition to he president
I When T.. Southard Parker retireF
! from the presidency of the Nationa
Metropolitan. a proud hour came tC
George Waite White. When mum
her of Commercial Nationals leading
| directors withdrew in anger one day
to meet the same night at SWartZell
| Rheem & HenSey'S for the purpose OF
| forming the Federal National, JOIN
| Poole was given his first chance to
! show the stuff that was in him as al
! executive Victor Deyber got his al
| the Second National soon after the
retirement of w. V. Cox, veteran
| who has gone to his reward.
our old friend George l.. Starkey,
a long and faithful ally of Clarence
| T.. \orment at the Bank of Wash
| ington, was honored on the latter S
! retirement.
Harry V. Haynes, one of the vide
! awake Young men of today, was
! picked from the Riggs National Staf
! bv the Farmers and Mechanics Ma
| tional of Georgetown when agGres
| sive progress was decided upon. The
result and success shows that he was
! ripe.
Milton f. Allies. also in training
many wears, served, but all too short
a term, at the Riggs National, yet
long enough to carry the institution
over some of its most marked and
| radical progress. when his untimeIN
/ Io,,b bro,Cbt Robert Y Fleming "A