Evening star., 1926-04-09
MORTGAGE. FIRM !
ORGANIZED HERE
{. L. Schmidt Heads Board .
OF New City and Suburban
Company.
BY EDWARD C. STONE.

ana second trust mortgages and short :
term building loans in the District OF g,
Coiumoia and surrounding territory in
Maryland and Virginia :
me chairman of the board of di.
rectors is E. l.. Schmidt who is now
president of the District Title. Law
yers Title and Washington Title In
surance companies and of the Title
and investment Co. of Maryland. As
soclated with him are Eugene A
smith. president; William E. Shannon.
John &. Walker, John w. Brawner
and Norman G. Brown. vice presi
dents: j. Curtis Walker. treasurer
ana James Y. Pennebaker. secretary
Besides the chairman. the board OF
directors includes Robert L. Bains, F.
c. Brandenburg, John w. Brawner.
Norman c. Brown, Clarence r. Dono-
hoe. E. c. Graham. j. Philip Herr
mann. George p. Hoover, Claude Liy-
ingston. James Y. Pennebaker. E. l..
Schmidt, William L. Shannon. TT. g..
Sheridan. E. S. Smith. jr; Eugene A
Smith, J. Curtis Walker. John g.
Walker and w. l.. Radcliffe.
The new company is capitalized al
81, ,000, 900. OF this amount 81 400. 900 is
in preferred stock to be sold at 500
a share and the other $500, 900 In com
mon stock to be marketed at SIS per
share.
Local Exchange Quiet Today.
Trading on the Washington Stock
Exchange was unusually quiet today.
Washington Gas issues taking the
lead. There were three transactions
in Washington Gas Sc at 102. while 80
shares of Washington Gas Light stock
changed hands in three sales al 20.
Lanston Monotype was out at 81 in
two 10-sharelot sales, and one sale OF
10 shares of Capital Traction stock
was recorded at 105&. off fractionally
from yesterdays close.
Potomac Electric Power 6s changed .
hands on one sale al 1865.
Many Delegates Nominated.
At a meeting last evening Of the 10
cal chapter. American Institute of
Banking, a long list of members was
nominated to attend the national con
vention TO be held in Dallas, Tex. In
July. From the following list 2s are
TO be chosen as delegates at a meeting
on April %:
r. Jesse CLANCY, president of the
chapter: T. Hunton Leith and Joseph
T. Yerkes. vice presidents: c. r.
Schatz. First National Bank, Mount
Rainier. Md; II. II. Darneille. {.
Louis Eckloff. W. G. Winstead and
Miss S. W. Burwell. National Metro
politan Bank Raymond l.. Lochte.
Joshua Evans. jr., William Brady.
Miss Mary Craven and W. E. Koontz.
District National Bank; J. 7. Fletch
all, Potomac Savings Bank: John De
Marco and Elmer O'Hars. Seventh
| Street Savings Bank; J. l.. Coplan, De
| partmental Bank: F. E. Yilek. Munsel
Trust Co; J. NJ. Van Hoosen and Vic.
; tor B. Deyber. Second National.
d. f. Wisecarver, ID. Sroufe. Mis-
[ q hoy-ina Il ria II Nj
Garnett and George NJ. Irelan. RiSe
| National: W. l.. Sanderson, Miss Lois
I 4. White and Donald Cameron. F'ed
eral American National Bank; w. 7.
Van Doren and J. r. B. Goldney.
Commercial National; J. NJ. Mason,
Miss Mabel Royce. Miss Rose Royce.
y. E. Towson and Eliot H.. Thomson.
Washington Loan & Trust Co
A. W. Sherman. Frank NJ. Perley.
J.. 7. Savage, James c. Dulin. jr..
Miss Mildred Woodcock and r. +.
I Pollock, American Security and Trust
Co.; W. w. Spaid and A E. Henze.
w. B. Hibbs & Co.: w. E. Bolls, Wash
ington-Mechanics Savings; Harold W.
Burnside, Farmers and Mechanics
National: Francis G.. Addison. jr.. Sc
curity Savings and Commercial Bank
James A. Soper. Lincoln National; j.
| w. NJ. Roberts, Central Savings Bank,
T. S. Mollon. jr.. Woodbridge Langdon
Bank: Ellsworth Meyer. Fra anklin Ma
| tional: w. C. Vernon, Merchants Bank
| and Trust Co.; r. T. Highf1eld, Mount
Vernon Savings Bank.
Most Banks Favor New Park.
Robert ". Harper gave a luncheon
at the Willard this noon to the mem
bers of the committee which is ad-
i vancing the interests of the proposed
4, all It l.
] learned that a generous response is
| being made by Washington banks in
reply to the letters sent out few days
! ago asking for financial support. In
quiry shows that most of the banks
| in the National Capital are enthuiastic
| enough over the proposition TO make
substantial contributions to the fund.
although it is too soon 10 give any
| figures. or course, all the bankers i'm
| the city are in favor of such park.
but some OF the officials say they can't
| see where the Capital will get much
| direct financial benefit from IL. The
majority of them, however. believe the
new park will bring so many more
visitors TO Washinfton and that the
city and the hanks will get a very
| substantial benefit from it,
New Bond Issue Awarded.
w. A. Hartman & Co, submitting
were the successful bidders for the
| 100000 issue of Washington Sub
urban Sanitary Commission 4l3 per
cent bonds. and the award was made
to this combination at their bid of
S95.7S per 500.
The proceeds from the sale Of the
bonds are to be used to extend water
mains and sewer systems in the near
by sections of Maryland, over which
the sanitary commission has jurisdic-
tion.
Haynes to Speak Tonight.
Harry V. Haynes, president OF the
Farmers and Mechanics National
Rank of GEORGETOWN and chairman OF
the Washington Clearing House Asso-
citation, will speak over the radio at
O clock tonight on Trusts and Wills"
This is the sixth address in the educa-
tional series being given under the
auspices of the American Bankers
Association.
New Capital Traction Official.
II. ID. Champion. secretary and
trea surer of the Capital Traction
Co. was elected vice president at
meeting of the board Of directors yes
terday. Mr.. Champion has beer with
the company since 1895, when he was
made secretary. He has been acting
tresa surer for the past FIVE years. He
will take the vice presidency in addi-
tion to his other duties.
Insurance Men Hear Bragg.
James e. Bragg, vice president of
the Manhattan Insurance Co, was
the chief speaker at the monthly din
ner Of the District of Columbia Life
Underwriters Association last evening
at the Raleigh. Norman z. ,Ellworth
presided and announced that school
of insurance salesmanship will be
opened here June / and continued
until June 81. The annual election
of officers will take place at the MAY
meeting.