The Washington times., 1926-12-11
H|BBS HONORED
BY EXCHANGE
By RICHARD HATTON

-
one of the oldest and ,best-belove
: members.
The occasion was the birthday O
William B. Hibbs, several time
president of the exchange an,
senior member of the firm o
William B. Hibbs & Co.
committee of stock exchang
members had arranged nttl,
surprise for the popular banker ant
broker and when the exchange me
G. C.. Glover called upon Charlie!
V. Bell as one of the deans of the
organization to felicitate. on behal
of the exchange, the member wht
had reached another milestone.
Mr.. Bell. in speech of tribute to
Billy ibbs. congratulated hin
upon the occasion of his birthday
and presented in the name of the
members a handsome basket OF
flowers as a token of respect and
remembrance.
Very much touched by the com.
pliment. Mr.. Hibbs accepted the
good wishes and the gift and ex.
pressed his thanks and appreciation.
Although born in Gordonsville
Va, Mr.. Hibbs has been a resident
OF Washington since 1866, and is
the financial life OF the city.
He has host of friends who hold
Tim in affectionate esteem and who.
Or many years. have appreciated
is sterling worth as a citizen and
Il business man.
Many of these today added their
''ongratu lations and good wishes to
those extended by his associates on
the exchange.
Mr.. Hibbs is a member Of the
GARD Of Trade, Chamber of Com
'nerce, National Press Club, Chevy
.'hase Country Club, and several
Masonic organizations.
The directors of the Potomac
Joint Stock Land Bank at their
regular meeting after transferring
to reserve account one-fourth of the
net earnings for the past six months
as required by the Farm Loan Act,
and also transferring to earned
surplus account an additional $5.-
O0Os declared the usual semi-anliuaI
dividend of 3 per cent, and, in adli-
ton, an extra dividend of * CT
per cent was authorized payable to
the stockholders.
On December 20, the books will
be closed and no transfers made
from that date until the dividend
Is paid on January /.
The bank was chartered in May
1898, and has made rapid strices
now having mortgage loans on In,
proved farm lands in Maryland and
Virginia in excess of $5,000,0O0, and
having issued and outstanding S.,
900, 900 farm loan bonds.
The capital is $500, 900 and surplus
and reserve over $4,000.
The stock of this institution is
closely held and any stock offered
is quickly absorbed by the present
stockholders.
George A. Harris. president Of the
institution. stated that small por
ton of the authorized increase IN
capital stock would likely be placad
shortly after the first of the wear.
but that there would not likely be
more than 500 shares available.
He further stated that there would
not likely be any public offering, as
1t was anticipated that the amount
OF stock would be absorbed by the
present stockholders and others in
terested in the institution.
The out-of-town directors of the
bank who attended the meeting in
Guided j. T. c. Hopkins, president Of
the Cecil National Bank. Port De-
post. Md: n. T. Shumate, president
of National Bank of Charlottesville,
Charlottesville, Va; Carroll Pierce,
president of Citizens National Bank.
OF Alexandria, Va; F. {. Bedinger.
president of Farmers Bank. Boyd.
ton, Va: Charles Edward Hilliard,
president of Nicodemus National
Bank, Hagerstown. Md; J. P. Saul,
jr., of the Farmers National Bank,
Salem, Va; Shirley Carter. of the
Shenandoah Valley National Bank,
Winchester. Va; Joseph A. Wilmer,
attorney at law, La Plata, Md; w.
Gilbert Dent. president of the Gin
ION Bank. Clinton, Nd.
The directors of the Real Estate
Mortgage and Guaranty Corpora
ton have declared the regular semi
annual dividend at the annual rate
of per cent on their preferred
stock and 2A per cent on the par
value of the common shares payable
December 81 to stockholders CT
record December 90, This is the
seventh semi-annual dividend on
both classes Of stock.
On November 80 the corporation
reported total resources of $4,059,.
500.61 with surplus earnings and
discounts Of S567.393.96 after de-
Quoting all dividends paid.
Directors of the corporation are
T.. E. Breuninger, Thomas Somer-
vile, r. L. Neuhauser. Anton
stephan, w. f. Sickle, Fred Drew
Hayden Johnson. William Muehlei-
sen, Donald Woodward, Charles A.
Garry, T. c. Dulin. Frank II. Ed
monds. Andrew Loffler, Henry L.
Breuninger, Sol Lansburgh, Horace
G.. Smithy. Thomas SomerVille, jr
Edward G. Ernst, Michael A. Weller.
November sales of the AS Liggett
Drug Stores owned by the United
Drug Company of Boston were "a,
595,113 compared with 1851 ,304 for
November of 1925, showing an in
crease of 1867 800, or over 20 per
cent.
For the II months of 1925 ending
November 80, sales were SAG, 955,547.
compared with $50 ,423,937, an in
crease of 1851, $40, or over % per
cent.
Chicago Grains
CHICAGO. Dec. 11.-Grains