The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1926-12-16
HITS
C|TY'S BANKS
By RICHARD HATTON

by 1tAC9A6D 1al1VN
There is noticeable Christmas
enappiness in all local banking in
stitutions as the holiday season ap
proaches.
Many Of the banks have already
put on their, Christmas dress in the
way Of decorations and attractive
signs calling attention to Christmas
Savings Clubs to impress the wisdom
of this form of savings deposits upon
visitors.
In this connection, practically all
banks report that the number OF
1927 Christmas savings accounts
already opened far surpass the mum
Der opened at the same time last
year.
This indicates that Washington
next Christmas will exceed the fine
record Of this year when over
$5,000,00O was disbursed in time for
the holiday shopping.
During the past few days and con-
tinuing for some time many of the
local banks have held, or will hold,
annual meetings of directors or
stockholders.
Those already held at which an.
nual or quarterly dividends have
been declared indicate that there has
been no slackening Of prosperity and
no slowing down of the general bank
ing business.
President Harry v. Haynes, of the
Farmers and Mechanics Bank, has
been made member OF the board of
directors of the adjustment bureau
OF the Credit Mems Association.
This is one of the most important
activities of the association, and the
bureau has rendered valuable service
In connection with arranging af-
fairs of firms that require its
services.
A beautifully decorated Christmas
tree adorns a corner Of the balcony
In the Farmers and Mechanics Bank,
from which, on Christmas evening,
the younger members of the bank
staff will receive mutually provided
gifts. President Haynes, who, be.
cause of his many activities in the
financial world, is a past master in
character representations, may be
prevailed upon to assure the genial
role of Santa Claus.
The Mt. Vernon Savings Bank s
Christmas Savings Club has already
reached 500 more membership than
It registered at the same period last
year, with still one month remaining
In which to join.
At the annual meeting Of the
stockholders of the Potomac Savings
Bank all of the directors were re-
elected. The bank has, also, declared
the regular semi-annual dividend Of
: per cent.
Security Club, a social organization |
Company, has announced that the |
club will hold its Christmas dance
and card party at 2400 Sixteneth st. |
". W., on December 20.
Philip NJ. Garnett has bene elected
president OF the Riggs Club. George
NJ Irlan and Miss Viola AlIenddorf-
fer were named vice presidents.
James l.. F'inigan has been elected
treasurer and Miss Esther Lau sec
rotary. The board of governors con-
sists of William TT. Taylor, Daniel
Callahan, John S. Ramsburgh. d. E.
WisecarYer and B. G. Wormersley,
William L. Hoeke. B. /. Boudren, L. |
o. De Lashmutt and Benjamin
Mensh.
Referring today to the report that |
the Continental Trust Company was
involved in the B. w. Morse claims.
President Wade II. Cooper said that
this was an old matter which oc-
CURED prior to his administration
OF the banks affairs. and that It
had been charged off long ago.
IT was stated that the amount an
VOWED was $4,000, and Colonel
Cooper said that the total of losses
sustained in his entire banking
career would not equal that amount.
''Most folks can earn money. any,
one can spend it. It's the savers |
whose money helps them to earn
more and who can buy at the better |
price when they do spend" says
Departmental Doings, the publica. |
tion of the Departmental Bank |
which has just issued the Deem
Der number.
The directors of the United States
Savings Bank have just declared |
their regular quarterly dividend Of
~ per cent, payable December 81,
1926, to stockholders of record De-
cember 20. 1925.
The United >States Savings Bank
has capital of 100000, surplus
of s150.000. undivided Profits of
about $780, 600, and total resources
OF nearly $4,000. 900.
At the regular meeting OF the
board of directors OF the National
metropolitan Bank an extra dividend
OF ] per cent was declared, payable
on January 1. The books will be
closed from December % to Decem-
Der 30, inclusive