The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1926-09-27
NEW INSURANCE
FIRM OPENS
BY RICHARD HATTON

BY RICHARD HATTON
Organized to do a national auto
mobile and general casualty bust
ness, the Great National Insurance.
Company OF Washington has beer
licensed and the company now il
underway.
According to Representative Franz
r. Reid, of Illinois, president of the
Great National, gratifying progress
already has been made, and the
company bids fair to establish
notable record in its field.
The Great National insurance
Company is a local organization
and among its stockholders aiC
leaders in the financial and bust
ness world of Washington. Bank
presidents and directors are inter
ested, personally, in the company
as well as heads of prominent bust
ness houses of various descriptions
Zihlman is Secretary
Representative Frederick N. Zihl
man, of Maryland, chairman of the
House District Of Columbia Com
nnittee, is secretary of the Grea'
National; William H. Webb, treas
urer; Spencer B. Curry, vice presl
dent and Daniel o. Davis, comp
trolIer The underwriting of the
company's business will be directed
by Spencer B. Curry, who has be-
hind him-25 years of experience IN
the business field.
The capital of the company Is
$500, 900 and surplus $4,000.
This will permit the organization
to do business throughout the Unit
cd States.
Capital stock has a par value OF
$50. but it was sold at SIS in order
to create the surplus fund.
Granting of the license has
enabled the Grea. National to begin
operations, and with its issuance by
the superintendent of insurance mas
come a significant rush OF business.
In addition to its strong offlclal
lineup, as well as it's imposing list
of stockholders, the Great National
f. having a wide appeal, due TO It's
"home" nature. :,
IT IS a washington Company in
every way, and its organization AND
successful start agan draws altel-
ton to- the National Capitals POSI-
bilities as an insurance center.
OFFICES Here
The company's offices are located
IN the Denrike Building, 1910 YER
mont Ave. n. w.
For the present the Great Ma
tional intends combining its activi-
ties 10 the District of COLUMBIA,
although in due course offices whI
he opened in principal centers
throughout the country.
Organization and functioning Oh
4ba Great National is a landmark IN
Washington's insurance history,
history which has been drawing
wider and wider attention with the
passage of time.
THE directors, dinner OF the Gen.
trail Savings Bank, to be given Dy
President Francis M. Savage at
Commonwealth Farm on Tuesday
evening at $50 o'clock, is expected
to be the occasion for some lmpor-
tant announcements by PresldenI
Savage in regard to the progress
the institution has made In receh'
months. :; ~,
xuests the following officers OF the
hank: Vice President Charles W.
Morris. Cashier j. William ROBERTS
Assistant Cashier C. Edward way
ATTORNEY Don S. Birney and Dlrec-
tor Gregg C. BirdsaIl.
J. Floyd Cissel, B. ii. GruVe Fl
franklin w. Harper, Jesse IL
Hedges, George II. Mcdonald judge
Milton Strasburger and CARBON r
Warner. 49,. I'D
directors there will be present:
Clifford Bergman, Spencer Carbon
DIR. E. f. Sappington and lie"
others.
At a meeting of the board OF d.
rectors of the Security Savings ana
Commercial Bank the regular quar-
terly dividend No. Al, of 4 per cent,
was declared. payable September
30 to stockholders of record sep
TENDER %, 1925.
Miss Adelaide Griffith OF the
Washington Savings Bank Will leave
this week on a two-weeks vacation
trip to New York State.
Confidence as to the substantial
character of present prosperity in
the United States and the prospects
for it's continuation is expressed
on all sides among the thousands OF
bankers now gathering at Los
Angeles for the fifty-second annual
convention of the American Bankers
Association, according to a state
ment by Gurden Edwards, director
OF publicity of the organization.
1.-THE delegates" says the state
ment, "are from banks in close
touch with business interests IN
large and small cities throughout
the United States, representive OF
farming, industrial and commercial
activities of all kinds, and their
composite views constitute a com
prehensive panorama of the state
of the Nations business"
Executive Vice President Bertran
Chesterman of the local Morris
Plan Bank has received word from
Miami, Fla, that the Morris Plan
Bank in that city is functionine
as usualsregardless Of the devasta
tiCn wrought by the storm, and is
making an especial effort to &C
commodate those in need of i'm
mediate financial assistance.
(OTTON