Evening star., 1926-05-12
FIRMS
ORGANIZED HERE
Washington Mechanics and
FederaI-American Con-
Germs Are Opened.
BY EDWARD C. STONE.

o"cN' Oii w d-1IIIIEl ouJdCSit
real estate. the Washington Mechau
les, Mortgage Co. has been organize;
ana Is already doing business. the new
llrm offices being located in the
washington Mechanics Savings BanK
Building at Eighth and 6 streets
southeast
The officers of the new COMPANY are
Ezra Could president: r. II. Bagby
wee president; r. j. Groom. secretary
and treasurer, and NJ. III. Buckingham
assistant secretary. The directorate
which is practically the same as tina
which composes the bank board. cor
sists of the following:
r. II. Bagby. Ezra Gould. NahIon
Groom. T. j Groom. George Have.
l.. Hoyt Lamb Charles j. Kapplef.
Jesse Il. Is. Lee, Guy Mason. William
\. Payne, jr.; A. S. Offutt. f.. T. Pick
ford, G. Bryan Pitts, J. C. Pylee
Edwin f. Roberts. Hubert " Roberts
Il. Hume Talhert. John p. F. White
and r. $. Wolfe.
1t was announced al the companys :
! office today that the first issue of $50.
900 in stock has been largely oversui,-
| Scr1bed and the second issue now is
| being offered
New Concern Starts Business
In accordance with plans announced
| just before the Federal-Ameriran M
| tional Bank moved into its new build
/ ganized by officers of the bank. *
| now ready for business. John Poole
| president. announces the. offering for
! public subscription of 5000 shares of
preferred stock at 800 per share and
25OO0 shares of common stock a. SIS
| per share. The books will be open
from next Monday until May 20 The
new company has an authorized cap
| ital of $10,000.000, the per cent
tv1s l.
! value of 500 and 100000 shares Of
common being without par value. The
company will handle first and second
| trust loans on real estate, builders
/ loans, insurance and do other tinanC-
/ ing which may appeal to the company
as desirable and sound. but which ma
! tional banks are not permitted to
| transact The officers of the company.
| all connected with the Federal Amer
| can National Bank are as follows
Officers and Directors.
! w. T. Galliher, chairman Of the
| board; John Poole, president: William
John Eynon and Wilmer J. Waller.
vice presidents Charles r. Lyddane.
secretary-treasurer; Charles u. BOyel.
assistant secretary treasurer. and
! these directors: Byron s. ADAMS.
| Lester a. Barr, Albert f.. Berry.
! Thomas Bones, w. +. Brenizer.
i Alexandra Britton, Walter \. Brown.
! Joshua W. Carr. John ii. Clapp. \.
| l.. Clarke. Myer Cohen. William,
| Knowles Cooper. John r Crowley.
John Dolph, T. e. Dulin. W. G. Gal
liner. Isaac Cans. Fred :. Gichnet.
| w. F. Ham. George w. Harris. &. NJ.
| Hendley, Or. Ralph Jenkins, Harry
| King, Ralph w. Lee. I. 3. Linton.
DR.. Louis Mackan. ]. A. Maede'.
Arthur d. Marks, John l.. Newbold.
! Frank r. Noyes, DIR. James Brown
Scott. James r. Shea, Warner Stut
Ter. George T.. Walker and l.. PERI
| West.
Work Is Begun on New Garage
The Capital Garage Co.. organized
under the laws Of Delaware. with
Robert &. Jones, president; John l..
Edwards. vice president, and Alex
ander Britton. secretary-treasurer.
has begun construction on a garage
of 1,200-car capacity, to be located at
1312-132O New York avenue. It is to
be a 10-story building and will have
stores on the first floor. In addition
to parking space it is proposed To-
operate service. gasoline and repair
departments have automobiles for
rent and conduct a school for driving
instruction.
X. c. Jones. the president. states
that much of the stock In the com
pany has been sold privately al
though there is some still ON the
market. 1t is intended later. he says.
to apply to have the stock listed on
the Washington Stock Exchange.
Only common stock has been issued.
Capital Traction Leads Market
Stock of the Capital Traction Co.
which haS hGpn Inactive for
time. led trading on the local eX
change today. 1870 shares changing
L hands during the session. The stock
opened with the sale of 90 shares N
103. 1t then advanced on a 50-share
turnover 10 10312. climbed to 1899.
and closed at 1o4. the highest II ha5
been for many weeks.
Potomac Electric Power preferred
came out at 10S14 while the con-
! pany's interim certificates sold q;
1O51a. Washington Gas Light opened
at 6S1. and closed at 6Ses. Columbia
Title Insurance Co. stock figured in
a 100-share deal at and after call
80 shares brought S1s. Twenty-Five
shares of Lanston sold at S012. Mer-
chants Transfer & Storage common
came out at 115 and the preferred
changed hands at 99s4.
Bond trading was very light and
prices were unchanged.
New Directors Are Elected.
Two local banks elected directo.s
at meetings held late yesterday. En-
mons s. Smith. ir., was named d.
rector of the Commercial National
Bank. He is q member of the firm
of O. ]. De Moll & Co. and is widelF
known in business circles.
j. Clinton Tribby has been elected
director of the Potomac Savings
Bank TO fill the vacancy caused by
| new director is best known as one
of the oldest jewelers. in Georgetowu.
Credit Men Hear Addresses.
Harry V. Haynes. president of tl.r
Farmers and Mechanics National
Bank, addressed the Washington
Credit Mems Association at their
monthly meeting last evening at H."
Raleigh. Mr. Haynes spoke of Char
acter in Credit" the main point 80
his talk being that without characte"
it is impossible to establish any real
credit Judge Mattingly also spok"
and the two addresses made the meet
ing one OF the most interesting Ot
the season. The association is grow
ing steadily and some day is sure :"
become a strong unit in the natioE@
association.
Local Stock Traders Happy.
There was great rejoicing in III"
llocal broker offices over the end of thH
great British strike. While no e>-
tended. advance in stock values is
looked for at this time. the end Of the
strike has made the situation far
riV1o "a friLx "a "a