Evening star., 1926-04-01
PICKS COMMITTEES
FOR BANKERS TRIP
Spald Names Program and
Entertainment Bodies
for Convention.
BY EDWARD G. STONE.

BY EDWARD G. STONE.
w. w. Spaid chairman of the gem,
eral convention committee of the Dis :
trlct Bankers Association, which will
hold It's annual gathering ut Hot
Springs, Va, in June, today am
nounced the complete membership of
the program committee. The commit r
tee IS made no of the following mem.
bers:
Lanier p. McLachlen. president. Me
Lachlen Banking Corporation, chair
man; l.. A. Slaughter, vice president, /.
Commercial National Bank, vice chair
man; John Poole, president, Fedcral-s
American National Bank. Robert W
Fleming, president Riggs National
Bank; Victory b. Deyber, president,
Second National Bank: Howard Moran,
vice president. American Security and
trust Co; Harry V. Haynes presi
dent, Farmers and Mechanics Ma
tional Bank, and Joshua Evans, jr.,
executive vice president District Ma
tiOnal Bank
The membership of the entertain
ment committee has also been an
nounced, this committee being made
up as follows.
T.. j. McQuade. vice president, Lila
erty National Bank. chairman: Fer.
nand Petit, vice president, Merchants
Bank and Trust Co. vice president.
Thomas w. Brahany. Thomas W.
Brahany & Co. NJ. +. CaInan, cashier.
Liberty National Bank: James G.
Dulin, jr., assistant treasurer, Ameri-
can Security and Trust Co; Fred W.
Mackenzie, vice president Chevy
Chase Savings Bank George O. Vass,
vice, president and cashier Riggs Ma
tional Bank.
Capital Traction Checks Mailed. =.
Checks covering the 122d quarterly"
dividend on stock Of the Capital
Traction Co. the amount being -,
per cent. We're mailed to stockholders
today. In the letter. Of transmission
J. II. Hanna president of the road.
referred To the recent retirement OF
George +. Hamilton as president Of
re company. spoke Of the board :
egret over his retirement and sum
med up briefly his splendid work IN
-the interest of the company, stock =
holders. employees and public
The letter also mentions conferences
held between representatives Of he
Capital Traction co. and the North.
American 60. with a view To the pos
sible merger of The street railways III
WaehingtOn. The letter adds that
while some progress has been made
no definite conclusion has been
eaChed"
President Hanna refers to the new
agreement with the COmpany's en-
ployeS regarding wages and working
conditions which went into effect to.
day for three years.
stock Dividend Recommended
Directors of the Security Savings.
and Commercial Bank at Ninth and
G streets. voted at meeting late"
Yesterday afternoon to recommend
10 the stockholders that the bank
capital stock be increased from SUI
600 TO $500 .O00. and that $4,000 OF
this increase be made stock div
dend. Julius / Peyser. president. an
nounced that the stock dividend Will
be on the basis of one share for each
four shares now held and the right 70
subscribe for the other S50.oO0 wlll.
he offered 10 the shareholders III the
same proportion at $500 per share
The last sale of the stock made on
the WASHINGTON Stock Exchange maze
some months aGo brought $2S0 e:
share. but il is quoted far above thae
figure now. the bid price on II toda '.
was 396. and the asked prce 44V lhiT
bank has enjoyed splendid CROWN
since its organization IN April 1870 -
further increase in surplus was mace
YESTERDAY by the transfer of S23,oUu
from undivided profits. The bank WIFE
now have $500 900 capital. surplus
of $3.50 GOO and more than So5,0Oo 1T
undivided profits.
Traction Stock Leads Market.
Capital Traction stock was the most
active issue on the Washington STOCK
Exchange today. 1t opened at Iva.
droned to 1031s on two 1O-share sales.
T-oI+ bacs To lO4 on the next three
eaIas retailing 20 shares and dropped
ar the close 10 103 on the transfer OF
ono IO.share lot. this figure being the
! lowest reached by the stock for some
| time. ..,.oe,ur,,,
| aoain was out at 106. and 10 shares
/ of Merchants Transfer " storage pre-
| ferred changed hands at l0I' III!
| shares of National Mortgage anu IN
! yestment preferred recorded e'2 IN
| a single transaction. There was only
| ora b9nk stock out. that being Dis,
trirt National. which sold TO the eX'
| tenn of three shares at 2OS.
| ON The bond side Washington Gas
| Sc stood a. lO23s on the opening Saie
| and then advanced to lo3@t at the
! close on a $1,000 transfer
Joins Life Insurance stan.
{. j. Crobaugh has joined tRe
nf15cial staff OF the Acacia Mutual LIE
| Association, it was ahnoulloeG illsi7eot eo''
nv William Montgomery, president.
Mr. Crobaugh. who will nave the
t;tIa of educational director, is an eX.
merit in insurance and flnance. tie was
professor of insurance for tour years
At fine school of commerce and hnance
Of tho University of Indiana, ana lIT
the last Is months he has been cohi
nected with the insurance depart
ment of the Chamber of Commerce
of the United States. =
B. o. Votes Regular Dividends. I,
Directors of the Baltimore and Ohio
Railroad Yesterday voted the regular
r,,ortarIv dividends of | per cent on;
the preferred stock and IA on the
common stock. Both are payable
June / to stockholders oil record
May II. ,.. !,
over the possibility or an increase IN
the rate. Washington stockholders
thought their chances for larger re
turns we're improved when the Chesa !
neake and Ohio recently declared an
increase. The directors, however. teit
that il was wiser at this time 10 con-
serve the company's surplus. ;.
Scharf With Bank 3@ Years.
Jacob Scharf, vice president of the,
Second National Bank, has been ar.
| filiated with the institution 81 years
| TODAY, many congratulations being
bestowed upon him in connection WITH
| this enviable record. He came ["
| washington in 1878 and worked fo4;
! "A wears for the late George TrueSI
| dell. who was prominent real estate
| 6ealar and at one time District Com
missioner. He resigned to enter the
Second National as a bookkeeper and
! advanced steadily to his present inn