Evening star., 1926-01-17
BY CHAS. p. SHAEFFER.


American Security and Trust Co., was
elected chairman of the board of the
Washington Railway and Electric Co
at the annual meeting of directors
yesterday afternoon. The position was
left vacant several months ago by the
death of Milton T.. Allies.
The only other change consummated
was the substitution of +. w. boo
little, vice president of the North
American Co., which owns consider
able stock in the carrier, for Emory
l.. Coblentz of Frederick, Md, who
declined reelection.
Mr.. Bell is the logical successor to
the chairmanship, and his election
was Il foregone conclusion in event
officials of the North American Co.
did not desire the post The weight
of the vote of this latter concern, rep
reSenting more than I5 per cent of
the common stock and a substantial
amount of the preferred, could not, OF
course, be disregarded if the election
had been contested. But il was not,
the North American interests adhering
to their past policy of remaining III
the background, with the result that
Mr.. Bell, a lifelong citizen Of Wash
ington and one thoroughly versed in
all its problems. was elected TO Il
position which he emiEently fits.
Roads Present Officers.
The entire directorate of the car
rier now consists of the following
Charles J. Bell, chairman: Woodbury.
Blair. Edwin c. Brandenburg, Daniel
Callahan. +. w. Doolittle. Robert V.
Fleming. William Il. Galliher. julius
Gartinckel. Edwin Gruehl. William f.
Ham. Robert \. Harper, Leonard II.
Mitchell, Clarence +. Norment. Eu-
gene l.. Thompson and George W.
White.
Following election of directors. the
board organized for the year as fol
lows: William f.. Ham. president: s.
K. Bowen, vice president and counsel;
y. q. Neal, vice president and con
troller: Harry NJ. keyser, secretary;
Atwood NJ. Fisher, treasurer. William
l.. Clark, assistant secretary-treaSurer
III. w. Kelly, assistant secretary. ana
Y. ID. Brooke, assistant treasurer.
Members OF the executive commit
tee named for the ensuing year in
clude Clarence +. Norment. chair
man; Charles J. Bell, Woodbury. Blair,
r. G. Brandenburg. Daniel Callahan.
Edwin f. Gruehl. William +. Ham and
Eugene L. Thompson.
Members of the auditing committee
include Woodbury. Blair, Lennard II.
Mitchell and George w. White.
Members OF the real estate commit
tee comprise Clarence +. Norment
and Charles j. Bell, while the finance
committee includes Charles j. Bell,
Robert V. Fleming and Eugene T..
Thompson. There were no changes
in the operating personnel of the com
pany.
a total Of 121.5S0l4 shares of stock
were represented in person or by
proxy.
Bond Sales Manager Named.
Announcement is made by the Nor
ris Plan Bank Of Washington of the
appointment of Percy B. Mccoy as
sales manager Of the bond department
recently established This department
is offering bonds secured by first
mortgages, with principal and interest
guaranteed by a surety company.
The bonds may be purchased on the
partial payment plan at the, discre-
ton of the purchaser.
Mr.. Mccoy is the son of Judge Wal
ter l. Mccoy, chief justice of the Dis
trict Supreme Court. with high con
nectionS in local banking and invest
ment circles here. He was formerly
connected with Graham. Parsons &
20. ana crane, HdrrlS ~ 90.
Subscription Books Closed.
Subscription books for the new is
sue Of per cent preferred stock of
the Merchants Transfer and Storage
Co. closed yesterday at noon, with
orders totaling more than 81 100000.
1t is understood Crane, Paris &
Co, investment bankers, who handled
the issue will allOt small SubScriD-
tions in full. with large orders bearing
the brunt of whatever pairing is neces-
Sary.
Savings Bank Officers.
DR.. James II. Farley. DIR. Henry ".
Jaeger and Watson V. Shelton We're
added to the board of the Northeast
Savings Bank at the annual meeting
of stockholders held recently. Direc-
tors reelected include the following
James II. BrodnaX, William II. Ernest,
James B. Flynn, Henry +. Glotzback
Percival Hall, George +. Hoover, Her
bert r. King, w r. Lewis. Isaac
Narcisenfeld, Charles II. Potter, Ken
nedy F. Rea, Michael r. Ready. Guy
T. Stuart, l.. p. Stuart, Charles r.
Talbert, John H. Thomas and Dr.
John T. Vivian.
The board will organize on January
10.
A. Anthony, research expert of Will
quin & Fitzgibbon, local corporate
financing, is receiving congratulations
on the birth of a baby daughter. II.
l.. Mcleod. official of Hughes & Co..
is receiving the same.
Unlisted Securities Prices.
The following latest bid and asked
prices for unlisted securities are