Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-02-24
WOMEN OF WASHINGTON BANKS
PLAN FORMING OF LOCAL CLUB
Committee of D. C.. Financial Men Arrang-
ing for Meeting of Savings Section of
A. B. A. Here in April.

contacts between bank women. whose
work creates a common bond of in
terest. with the hope that the or
ganization will develop until it be-
comes a real help to those identified
with it. There Is a national organi-
cation of bank women, which held
Its last annual meeting at Los
Angeles, while the A. b. A. was in
session there and took up a host
of matters of special interest and
benefit to the members.
Final plans for drafting a consti-
tuition for the local organization will
be made at special meeting to be
held in institute rooms on Tuesday
evening, March /. The organizers
present at the first meeting included
Miss Lois A. White, Catherine NJ
krieg, Winifred Burwell Grace NJ.
Bromley, Elinor Dankmeyer, Loretta
Ennis, Judith Fishburne, EVELYN
Hawkins. Clara McGrath. Frances e.
Orrison, Mildred c. Woodcock and
Mabel V. Royce.
Convention Plans Pushed.
The chairmen of the committees ar
ranging for the coming regional con-
ference in this city of the savings
bank section of the A. b. A. met YES
terday afternoon at headquarters
Howard Moran presiding, and perfect
ed further plans for this event It is
expected that at least 700 bankers will
attend the April session. Mr.. Moran
made it clear that while the conven-
ton is conducted by the savings bank
division, representatives of all banks
having savings departments are urged
to attend. This broadens the appeal
OF the sessions so much that the at
tendance may reach nearer 1 900.
Detailed plans of each subcommit-
tee are not yet available, but the en-
thusiasm displayed yesterday indi-
Gates that the visiting bankers will
have profitable as we'll as delightful
visit in Washington on April and 8.
Salisbury Former Bank Director.
Former Senator Willard Salisbury,
who died from heart disease a few
days ago at his home in Wilmington,
Del, at the age of 66 years, was for
many years director in the Washing
ton Loan & Trust Co and also large
stakeholder. John B. Larner pays him
very high tribute. He says Mr.
salisbury had an unusually strong
character, rare business ability and
personally was a most lovable man.
He had a very wide circle of friends
The present directors of the bank, who
knew him intimately, were deeply
pained to learn of his death. For
some years he maintained q law office
in this city in addition to one in Will
mington. In the Senate he was con-
sidered valuable member because of
his membership on many important
committees.
EaCfaru pouIrorc Nnt;foI
The publicity and exhibits commit.
tee for the coming savings conference
in this city also met yesterday, F. P.
H. Siddons presiding. The territory
included in the regional convention
takes in New England, the Middle and
South Atlantic States, and notices
have already been forwarded to the
leading financial magazines and other
publications announcing the time,
place and aims of the gathering. As
soon as the program is completed, all
the bankers in the East will be given
information about the subjects and
speakers.
The members Of the committee in
clude, in addition to the chairman,
w. Reginald Lewis, vice chairman;
John d. Leonard, Eliot Fl. Thomson,
r. l.. Father, Richard Hatton. Frank
w. Patterson and Z. c. Stone.
Guaranty Trust Raises Dividend.
The directors of the Guaranty Trust
Co. met in New York yesterday and
approved a plan to increase the CAPT.
tai stock from S25,000.00O to 100000
600 and the offering of the $4,000 new
shares to stockholders at 5000 each in
ratio of one for every five now held,
t.ntr ,ar
from $12 to Sic annually. Stockhold-
ers will meet March IL to vote on the
capital increase.
The board also voted to transfer
100000 from undivided profits to
surplus account, thereby bringing the
latter to S30,000,000, or equal to the
new capital figure.
Proceeds from the sale of new
stock, which must be paid for in full
before April IL, will be divided $1,000
900 to capital and 100000 to sur
plus. The rights were quoted on q
when issued basis at 43 bid, At asked.
Guaranty's shares last week jumped
overnight from $459 to $495, which
up until then was the highest pin.
nacle attained since 1915.
Life Insurance Shows Growth.
Substantial improvement in the
volume Of life insurance written in
Washington during the first two
months of 1927. as compared with
the same period last year. is report
ed by William Montgomery, presi-
dent of the Acacia Mutual Life AS
ISOLATION of this city.
Sales of life insurance in the
National Capital" Mr.. Montgomery
said, never have been at greater
level than they are at the present
time"
TOday's Financial Notes.
President Robert V. Fleming Of
the Riggs National Bank has ar
rived at Havana for a Today visit
in Cuba. The sea trip down from
New York was reported as decidedly
rough.
Miss Ethel G.. Calvert of the WASH
ington Loan e. Trust Co. will sail
for Bermuda on Saturday. February
26. In the party will be Mrs.
Frederick Vogt. whose husband is
connected with the National Metro
politan Bank.
President Darwin p. Kingsley, in
the eighty-second annual statement
to New York Life policyholders, an
nounces that the total assets of the
Of more than $1,250,000,000 at the
surance in force is more than $780,
900, 900.
FEDERAL LAND BANK BONDS