Evening star., 1927-06-02
MORAN IS HONORED
BY D. c. BANKERS
Association Head Lauded for
Years Work-0ther News
in Financial District.
BY EDWARD C. STONE.


President Howard Moran of the Dis
trict Bankers Association was highly
honored at the midweek luncheon yes
terday, when the following resolution
was UNANIMOUSLY adopted:
Whereas throughout his term ot
office as president of the District or
Columbia Bankers Association HOW
ard Moran has unselfishly devoted his
time and talent to advance the welfare
of the association and has won the ef-
fcctionate regard of his fellow mem
bers by his spirit Of friendly cooper
alton,
Therefore, be it resolved, That the |
members of the association attending
the weekly luncheons hereby express |
their hearty appreciation Of the spirit |
Of service manifested by Mr.. Moran. |
and attest by their signatures, the
splendid record of achievement made |
under his administration"
The resolution was presented in d
handsomely bound and embossed book |
let by Vice President w. v. Spaid and
contained twoscore or more signatures.
Th, gift is one which Mr.. Moran will
a,waVs trea sure very highly and will
always remind him of one Of the
busiest years in the history of the
bankers association.
Lincoln Branch Celebrates.
Today marks the third birthday an.
niversary Of the Seventeenth and II
streets office of the Lincoln National
Bank. The banking room is attrac-
lively decorated with palms and flow
ers. and the officers OF the institution
are receiving congratulations upon its
splendid growth. Deposits on the open
ing day in June, 1924, amounted to
about S45 900, while for some time past
the reports have shown approximately
a million dollars on the books.
The growth in all departments, in
Guiding commercial, savings, Christ
mas savings, discount, collection and
safe deposit has necessitated doubling
the staff of employees. The demand for
safe deposit accommodations by the
occupants of newly completed office
buildings in the immediate vicinity
made it necessary for the uptown Of
flee to install new tier of boxes of
the largest size.
While the prosperity of an institu-
ton is most easily measured by the
amount of its deposits, the Lincoln
National Bank values also the pat
ronage and good will expressed by
its friends who have so largely con.
tributed to the success of the institu
tion. Wallace Nick. Stowell, vice
president OF the bank, is in charge Of
the branch.
F,ank Elects Is Trustees.
At annual meeting of the share
holders OF the East Washington
Savings Bank held yesterday the fol.
lowing Is trustees were elected to
serve for the ensuing year: John G.
w. Beall, James A. Donohoe, Gratz
Z. Dunkum, Lewis Flemer, John
Ford, w. P. C. Hazen, Michael A.
Lynch. Henry H. Mckee, Charles
A. Mccarthy, Morris E. NARROW, Will
liam N. Payne, jr.; Samuel H. Walker,
John C. Weldon. Francis r. Weller
and John C. Yost.
officers will be elected at the meet
ing Of the newly elected board, June
IA.
Installation Marked Success.
The installation last night at the
Willard Hotel Of the local officers of
the American Institute of Banking
was brilliant success, the ceremonies
being interesting, the attendance
large and the dancing most enjoya.
BILE. I. J. Roberts, secretary to the
president of the Riggs National Bank,
now takes the helm, succeeding 7.
Hunton Leith, who has put in a
remarkable years work for the bene
fit of the students in banking. Be-
fore retiring from Office Mr.. Leith
presented the Neuhauser $50 prize to
Frank A. Gunther. jr.
Other officers installed were: James
A. Soper, Lincoln National Bank,
| first vice president; A. F. HenZe. w.
B. Hibbs & Co.. second vice president;
Miss Lois A. White, Federal-American
National Bank. secretary; Miss Cath
| crime Krieg, Riggs National Bank, as
sistant secretary; H. III. Darneille, Ma
tional Metropolitan Bank, treasurer,
and Frank M. Perley, American Sc
| curity & Trust Co.. chief counsel.
New members of the board of gov
ernors are Elmer O'Hara. Seventh
| Street Savings Bank; Robert Whitton,
First National Bank, Alexandria, Va;
A. w. Sherman, American Security
& Trust Co.; Garrett A. Van Hoesen,
Second National Bank, and A. o.
Dooley, Commercial National Bank.
Insurance Business Booming.
During the first four months Of the
current year new business of the
| Acacia Mutual Life Association to-
tailed $16,94S,000. while the figure for
the same period last year stands at
S11, 1888 500.
|
NV business was $2,398,500: in the
same month this year this figure
reached S3.259 800 The figures for
February. for 1926 and 1927, are, re-
| spectively, $2,753,000 and $3,193,500.
For March they are $3,543,100 and
$4.924 800: while the April statistics
read $3,03S,9OO and S., $4,000
Mergenthaler Linotype reached a
new high mark on the Washington
Stock Exchange today when, after
opening at ia. it climbed HAS, the
days sales totaling "a shares. This
Is the highest price in many months.
The new Potomac Electric Power
preferred 51a per cent stock stood
out again today when the turnover
for the session totaled 1870 shares, the
closing price being 1O1 3s, the same as
yesterday. The per cent preferred
sold at 10Sk.
| Washington Gas Light opened at
| 747s and closed with a 100'share
transaction at 75z. Lanston sold at
par. Bond trading was light, recent
price levels prevailing in today's
market.
| TpEAcnpv rEpTTTTr ATTIC