The Washington times., 1926-03-29
Lincoln National Bank
Has Birthday
Founded So Years Ago Today;
Two of Original Directors
Are Still Active
By RICHARD HATTON

coin National Bank are IeCeiNlhS
concentrations upon the thirty
sixth anniversary of the founding
Of the institution which took place.
over a third of century ago.
Located, as 1t was. in what was
then the very center Of the busi.
ness section of the city and grow.
ing steadily with the development
OF the contiguous commercial terri
tory. the Lincoln has registered
a consistant and constructive ad.
vance for considerably more than a
quarter OF a century.
During the period of its existance
tina Lincoln National Bank has
doubled its capitalization and IFS
deposits have increased many times
over the initial year.
With the exception of #. a.
Tschiffeiy and II. Bradley Davis
all OF the original directors of the
institution have passed away and
only two officials of the bank who
were connected with the institution
at its inception are still actively
concerned with its affairs.
These are Vice President Albert
S. Galley and Vice President Wal
".
now executive vice president and
il located at the main office while
Mr.. Stole is in charge Of the north
west branch.
President Floyd E. Davis became
the chief executive head OF the
Lincoln in 1918 and. since that time.
his keen banking direction has had
much to. do with the steady
growth of the business
The deposits Of the Lincoln are
now around the 100000 mark
and. possibly no better indication
of the progress of the institution
during its thirty-six years could be
cited.
The Chesapeake and Potomac
Telephone Conlpany's report OF oper
ations for February to the Public
Utilities Commission shows fall
ing off In net income OF approx
rnatelv $4,000 from that of Jan
uarv. the January figure having
been $136.629, while Februaryss was
s$126,9 ga.
aFollowing the liquidation in
stocks call money has tended 10
ease below. even the moderate level
prevalent In the early part OF the
current period says the CONNER
cial Monthly, published by the Ma
tionla Bank OF Commerce Of New
York. Funds are in plentiful Sup
ply at rates varying from 70 Az
Der cent and the outlook is for con-
tinued ease. Time loans were duh
during most OF the period, but on
March 15 were somewhat more
active with the rate at ~ per cent,
Is per cent above the rate II Feb.
rllary is.
.The rate on prime commercial
paper remains unchanged at ~ to
AZ per cent with a slightly firmer
undertone. The supply OF paper is
moderate. Brokers' selling rate on
prime bankers 90-day acceptances
was 36s per cent on March Is, the
same as month ago.
The Acacia Mutual Life Associa.
ton has assets Of $l5,6SS ,9s5, an
Increase of $s.ss0.I2S over the pre-
ceding year, and surplus OF $685.
269, according to the statement for
the year ending December 81,
1926, presented by William Mont
gomery, president. at the annual
meeting and election OF officers and
directors. First mortgage loans on
improved real estate at the begin.
ming of the present year totaled
50, 100, 1853, as compared with ST.
416.835 on January /, 1925.
With insurance In force in excess
OF $500 100000, the company has
put behind Ii one of the most pros.
porous years IN it's history.
William Montgomery, who has
been with the association for more
than 30 years, and under whose d.
rection 1t has progressed SO splen.
didly, was reelected president for
the sixteenth consecutive term.
Other officers reelected for the en-
suing year were J.. Harry Cunning
ham, vice president; j. p. Yort,
secretary; j. Claude KEEPER, treas
urer; Charles E. Baldwin, assistant
treasurer; DIR. j. B. Nichols. medi-
II. l.. Rust, jr., Of H. L. Rust
Company, realtors. and a director Of
the Liberty National Bank. was
added to the directorate and will
serve with these directors who were
reelected to the board for three
years: ]. Harry Cunningham, ]. p.
Yort, A. w. Johnson. John Poole,
Eugene E. Thompson, Thomas e.
FARRELL and c. c. Coon1bs. Other
directors reelected were: 7. J..
ADAMS. Louisville, KY; W. L. An.
drews, Roanoke, Va: Charles z.
Baldwin. w. K. Cowden, Hunting
ton, w. Va; Paul B. CroInelin,
William Dietz. L. Whiting Estes.
r. C. Graham. William T. Ham.
mock, Little Rock, Ark: J. Claude
KEEPER, Arthur d. Marks, John T.
Meany. Joseph H. Milans. William
Montgomery, DIR. J. B. Nichols
Charles F. Roberts, L. p. Steuarr,
Windsor. n. c.