The Washington times., 1926-05-29
LECTION ENDS.
4. I. YEAR
W -
d. RTcHARD HATTON

with the naming az John +.
Fietchall OF the Potomac Savings
ami. member 81 the board og
Chapter 81 the American Institute
81 Banking, at d special election
made necessary by tie vote at the
REGULAR annual election the actiy-
titles OF the local chapter Of the
institute will practically cease Tor
fhe summer. No classes are being
nonducted at present. but the
faculty and the education committee
arc working up the marks Of the
Students for the class year Just
closed. When completed these
records win be sent to national
Headquarters In New York Tor final
approval before publication Of the.
Standing.
EnroiIments for next seasons
classes viii start In September and
The Institutes educational courses
viii ret under way October I.
The next event of importance in
a. i. 3. circles win Be the annual
convention at Dallas. Tex. III July.
Twelve Delegates headed by Pres.
dent Z. Hunton Leith Of the local
chapter. viii attend this meetfnE.
The trip win consume seventeen
days. the delegates leaving WASH
1ngton July 3. boarding q special
train which win carry the delegates
Or New York, Philadelptia, Balti.
nors and other eastern cities.
Business Manager Frederick r.
Slddens met with the staff Of
the year book published BY the
local Al. + B. chapter this week
when plans were outlined for the
coming ISSUE which VII be pub
Ii4I1ed about July. It Is stated that
this Issue viii be more compre:
1enslve than anything yet under
taken BY the organiza lion.
President John Poole. Of the Fed.
American National Bank, an.
npnnced today that there had been
large oversubscrfptf u the
American Finance Corporation
Nearly ~. 1000 shares were sub
scribed for on an offering Of only
q, 600 shares. Notices are being
mailed TO subscribers announcing |
their allotments and stating that |
payment win be called for iE full
~ Thursday, July TO-
The floating or this stock is one
- the few instances wherein the
commOn stock OF finance com
rnny has been sold for cash NTH |
ABSOLUTELY no promotion expense In |
the shape Of selling organisation
gE other charges. All money re-
ceiped from the sale Of the com.
mon stock win so into the actual
capital Of the organization. This Is
considered unique achievement ID
gIaancing az this kind.
The new FederalsA nerican Ma
|onal Bank building continues to
Be the Mecca Tor many o1t-of town
tmkers, the fame of the structure
having travelled Ear and wide over
TIE country. and great interest IS
being manifested III the radical de-
tofture from interior arrangement |
worked out b. President Poole and
fIs associates IA constant stream
u bank officials from other cities
has visited the new Federal
lean Building. the latest being
President ] . - Fulton and several
cnberg Of the board Of directors
n the MOnonsohela National Bank
81 Pittsburgh, who inspected the
Washington institution with view
ID Incorporating many Of Ia novel
features Ia new building In the
Pennsylvania city. A delegation Of
bankers from Florida, also. inspect /
"a the Federal American today, with /
the same end IA view.
The Chesapeake and Potomac
1eleph0ne Company,s report Of |
toeradons for April to the Public |
Utilities Commission shows opera
ting revenue Of $60O.644. decrease
of S3,0s7 compared with March,
while the total expenses amounted
70 9445 ,607, which IS So y349 lees
than March, and the net income
for April Ok $156,037, shows an in
crease Of $262 over the month Of
March. The taxes Tor the month Of
April were 9SO,199 A. against 500
sos for March, showing decrease
81 sos for April.
The net additions TO plant and
eQuipnent for the last ~ nonths
aggregated e1.774. 446.53.
President william D. Hoover, Of
the National Savings and Trust
Company, is spending a two weeks
vacation at Huntington. ". Va
Francis M Savage, president of
Central Savings Bank, has gone to-
Undertook to visit his brother-in-I
law. Alfred Ogden. esq. where he
VIII Join Mrs. Savage.
Announcement has been made OF
al per cent dividend to holders
~ D