Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-06-22
SECURITY SAVINGS
PICKS DIRECTORS
James J. Becker and w. B.
Willard Are Added to
Banks Board.
BY EDWARD e. STONE.

board OF directors. held late yesterday
afternoon, the vacancies being caused
by recent deaths. To All the vacancy
caused by the passing Of Gen. James
A. Buchanan the board elected James
j. Becker, president Of the Real Ee
tate and Columbia Title Insura nee
companies. The other vacancy.
caused by the death of Henry X.
Willard, was filled by the election of
his son. William Bradley Willard.
MergenthaIer Leads Trading.
Mereenthaler Linotype stock led
trading on the Washington Stock TX
change today when So shares in Eve
inherent transactions chang hands
AZ 1o6. Riggs National Bank stock
was another interesting issne. al.
though hut Ave shares we're aid.
This stock opened at 4e2a. and closed
at 4e3. Eight shares If "a pitaI Trsr-
ton figured in a sale az 1o3 Potomac
Electric Power preferred opened =,
lo8 and one share later was sold >,
1of2. Washington RAILWAY and
Electric preferred was the only other
stock dealt in. 10 shares goirr a,
sa12. The days trading saw onlv ono
h"nd transa ction, Washington Gas G.
selling at 1921.
dividends Recently Declared.
AT the last meeting Of the boar
or directors of the Liberty National
Bank dividend of $3.50 per share
was declared. 1t is payable July
to stockholders Of record on June *.
The books are not TO be closed The
board also voted 10 add SIS, 900 10 the
oank surplus. making the present
capital 100000 a nd surplus 5000 .onn.
The usual quarterly dividend Of a.
per cent. payable 10 stockholders of
record June 30. was declared by The
board of directors of the United
states Savings Bank at It's regular
monthly meeting. The United Statas
Savings Bank has been paving divi.
dends of IL per cent quarterly for
several years. The Ia nix has CAM
tai of 100000. a surplus Of $3.50 nnn
and total resources Of over 81 SOC ,nnn.
The officers are Wade n. Cooper.
president; William n. Barry, vice
president; Wilbur H Zepp. vice preai.
dent; William Fl. DeLashmutt. wire
president and cashier: John r. Cool.
assistant cashier: r. A. Newman.
note teller. and Miss Bertha Custer.
secretary.
Bank President Enfertairs.
Maurice Otterback. president vt
the Anacostia Bank, il giving an out.
ing and dinner this afternoon and
evening to all the employees Of the
bank at the country estate of Lee
L. HerreN, at Wheaton, Nd Mr..
Otterback has fully recovered from
seeing himself cartooned at the bank
| ers' convention. In the hall of fame
| pamphlet at the family dinner. he
! IN Gil LII
! and shouting When the new Ana
costa Rank In completed. watch my
| hank grow. Only the other dav the
Anacostia Rank declared reguI,r
and an extra dividend
Personal Mention.
George F. Chapman. resident par
| ner of Hartman q Co. leaves Wash
| inston late today and sails tomorrow
| from New York for q summer tour
| of Europe He will be away until
| September. Mr.. Chapman will spend
| much of his time in France and ITALY
but will also touch many other places
| in the usual tourist routes.
| Eugene z. Thompson OF Crane.
| Paris g. Co. who is chairman of the
| board Of governors Of the Washing
ION Stock Exchange, is in Detroit
attending the first convention of GOV
errors Of exchanges outside of New
| York. Members of local exchanges
which handle local securities largely
and have no direct connection with
the Wall Street Exchange have long
felt the need of some kind of an or
! ganization NJ their own. They are
now perfecting one.
! Robert V. Fleming. president Of
the Riggs Bank, was back at his desk
! today. having motored home from the
/ Hot Springs convention. He and his
party took two days IN the return
/ trip and reported delightful ride
through an unusually pretty country.
Other Financial Briefs.
| The next chat in connection with
| the District Bankers Associa ton edu-
cational drive will appear in The Star
tomorrow under the caption. "Salary
AZ Cents a Month The talk is in
tended to prove that no other institu
| ton offers so much service for So
slight a return. 1t IL well worth read
ing by every bank depositor.
| placed an order with the General
Railway Signal Co. for the installs
ton of safety devices. The order ia
| part Of the contract made with the
road about six months ago which in
| volved $4,000 900. THE order is Of sps
| cial interest TO Washington, where
much stock Of the Miller Train Con
troll Corporation Ia held. this comps ny
now being associated with Railway
| Signal.
| Francis NJ. Savage. president ~ the
| Central Savings Bank. was greatly
| impressed on his recent New England
visit by the fact that the savings de-
post per capita there is $443 while
! in the country at large IL Is but 1855.
Mr.. Savage said The per capita deposit
| in the District Of Columbia Is around
$3.50.
New Issues Announced.
I s. W. Straus & Co. are Offering
S5,0o0,000 first mortgage per cent
to Is year bond issue secured BY
the land and 22-story Builders Build
] ing, Chicago. appraised at $S,354 900.
| The bonds are priced to yield $50 to
sos per cent and are the direct ohli-
cation of the Chicago Builders Build
ing Corporation.
| The board Of directors of the
Chrysler Corporation have decided tn
| give their employees an opportunity
| to become partners in the business Of
the corporation and to share In it's
profits. The Chrysler Corporation
! offers TO its employees preferred stock
at 500 a, share on the deferred pay
meut plan. Chrys;er preferred stock
| pays IS a share and the dividends are
cumulative.
Dillon. Read h Co. in behalf Of the
syndicate consisting Of themselves.
Lee. Higginson & Co. and Continental
and Commercial Trust and Savings
Bank, announce that the issue cf
50 6S5 900 OF the Ohio Power Co. fret
and refunding mortgage 4ia per cent
gold bonds, series d. offered by them.
has all been sold and the subscrip
ton books closed.
new isue OF 81. 900. 900 Manhattan