Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-08-23
NATIONAL CITY CO.
HAS ANNIVERSARY
Capital Office Celebrating
0cCaSi0n-NeW Institute
Body Found.

The Washington house of tho ~
tional City 60. of New York oeethcr
with the home office in New Yorl; an
branches throughout the country, 10
dav is celebrating the tenth annivcr-
sary of this investment OrganiZa tior
which deals exclusively in bonds. II
is closely associated with the Natima
City Bank.
The local house was established A.
the same time as the company IN New
York. and was first in charge Of Ell
gene Allies of this city. brother oS
the late Milton r.. Allies. president or
Riggs National Bank. The first local
manager Is now in charge of sales
organization Of the company at New
York.
r. w. lIynsou. who succeeded Mr.
Niles. is the present manager. and was
receiving today the Cnngratula lions nf
his friends and associates along f1nan-
cial row in Washington
New Committee Formed.
a new committee has been an
pointed by the Washington chapter.
American Institute of Ranking, to he
known as the committee on public
education and public affairs. which
according TO the official pronounce
ment of its duties. will have wide
scope to it's activities. j. e. Dulr.
Jr.. of the American Security q Trust
Co has been named chairman
The new group. il is said in an an
nounCement from the chapter. has
been formed to encourage intere-t
in the participation in public az
fairs and AN Intelligent discussion Of
economic and industrial questions
whether of direct interest To the
banker or not; to bring pressure 10
bear ON beneficial measures for
banks and the community: to take
an active part in local civic move
mentS; and TO endeavor to help edt~
cate the public at large along hank
Ing lines by talks TO groups I'm or
CARNATIONS, schools. etc. by rad"
talks and by the publication of arii-
Giles on banking subjects in the local
papers and magazines in such form
that they will compel the public In
terest."
The committee, headed by MIR. Du-
lin, includes; G. ID. Boyer. Federal
American National Bank; II. G.. Hos
kinson. Riggs National Bank; V. r
Deyher Second National Bank. and
G.. II. Doing. jr., the Washington
Loan and Trust Co.
Blue and gray have heen adopted
by the Washington Chapter as it's
official colors. designating the union
In Washington OF the North and
South.
Utilities Are Leaders.
Local public utilities were leaders
in trading on the Washington Stock
Exchange today. which was as active
as at any time during the past IN
<lp,. t.,I inn A
favorite on rising market, during
which - shares exchanged hands AZ
from 1O4 to 1O4i1 Capital Traction rs
sold i'll the amount of 81 900 at 10l.
Washington Railway & Electric G.
& r. 6s provided the largest trans
action of the day with $4,000 going a.
1O41s. Washington Gas SIS sold at
1O4Ie. Twenty shares of Potomac
Power preferred turned over at from
1885 to 1881.
New Counterfeit Found.
Miss Marion Sebastian of the Met
ropolitan National Rank recently
caught in a pile OF bills amounting To
$500 "a counterfeit so Federal reserve
note. which the Government has de
scribed as "Well executed 1t was
one of the unusual finds among
counterfeits, as it had been cleveriy
made from etched plates on genuine
paper. which had been bleaChed from
bills of smaller denomination. A.
cording to the description by the
secret service Of the Treasury. which
sent out a warming against such bills.
1.-The seal and serial numbers are
printed In pale blue, while the serial
numbering appears in type lace
different in letter style from the
genuine The Cleveland portrait Is
dimlE cut. but the whole is deceptive.
the border lathework on both face
and back being neatly executed. 1hiS
note is about one-cighth "f an inch
shorter than the genuine. Miss So
bastian was rewarded nv the bank
for her detection Of the ccunterlcit.
BANKERS and manufacturers APP
proach the Fall with vigorous
spirit." SAYS a report on general bust
ness conditions by the kardeX In
stitute. land general Contentment Is
shared throughout the United
States"
"Vigor" was said TO exist in all the
major elements" of the situation
"Industrial productivity has been
continued at an exceptional sum
mer rate during the past month'
says the report In part. scneouies
In steel mills are reassuring' ana
cheerfulneSS is evident In tne nldfNct
with the upturn in untitled orders
of the United States steel Corpora
ton ="
Distribution was said To have heei1
'in accord with the general tone OF
nrosneritv." with commodity prices
now at the lowest point this wear
July commercial failures throughout
tho country were reported at me
lowest point since last October y ne
wheat harvest is coming along IN
good shape" the report continued
"and prices of agricultural prod"t"
should be such as tn sustain iaV"t
able huyinc power among farmer
Advance in the rediscOunt rate OF
the Federal Reserve Bank OF No"
York from 3la To 1 per cent was II"
scribed az bringing that district iut"
alignment with other sections of fho
country. while financial equilibrium
shows itself in the total Federal Re
serve ratio which stood at fa.3 per
cent on August II. compared with '1S
per cent on August ~. 1925.
Organized labor owns and controls
banks and investment compa MES IN
the United States, with total resources
in excess Of $3.50. 100000. according To
n national survey of labor financial
institutions Just completed by the re-
search bureau of G.. l.. Miller & 60,
real estate investment bond house OF
New York.
Personal Mention.
Frederick p H. Shddons, secretary
Of the American Security 4 Trust co.