Evening star., 1927-12-09
AM. SECURITY HAS
38TH anniversary
Resources Grow From 1927.
600 to s33, 500, ,oOo1C. J.
Bell Long President.
BY EDWARD C. STONE.

| day, having opened at l4l9 q stree
nol lthwest on December 8, 1889, wit
Alexander 7. Britton as president. |
3S years the capital has been increa Sc
from S1,250,000 to S3,400. 900, while tC
tai resources have grown from 1927
900 to $3S, 800 900. And the deposit.
which were SlS.S70 in 1889, are noN
nearly S32, 900. 900.
Much of the company's remarkab bl
growth has taken place under tn
leadership of Charles j. Bell. who ha
been president since January, 1S9.
The bank S present fine home wa
completed in 1905, and in 1907 the Sc
curity Storage Co., once the StOfa &
| department of the trust company, wa
| incorporated and at once took owe
! the warehouse business. The out
standing move IN the companys his
tory came in 1919, when the. America
Security took over the Home Saving
Bank, doubling the concern S resource
and obtaining three finely located an
prosperous branches.
The banks s officials received count
| less congratulations today from de
positorS, business men and many 9th
| er bankers. The present officers in
clude Charles J. Bell. president; C0r
coran Thorn, B. +. Saul and Howar,
Moran, vice presidents; +. p. H. Sid
dons. secretary; Charles E. Howe
| treasurer; William l.. Beale, real es
| tate officer; j. Damn Faber, auditor
and Albert Fl. Shillington, assistan
secretary. There are five assistan
| trust officers and eight assistant treas
urers. four Of whom are in charge O
| the four branch officers.
| The board of directors is composed
of c. A. Aspinwall, Charles j. Bell
| Harry X. Boss, George w. Brown
William NJ. Coates, William S. Corby
| William w. Everett. William J. Flath
er, jr.; NJ. G. Gibbs, Cary r. Grayson
James M. Green. Gilbert H. Grosven
or, ]. p. Hermann. James r. Hood
Joseph Letter, G. Percy McGlue, Ed
ward Beale Mclean, Howard Moran
Clarence F. Norment, Newbold Moves
| Howard S. Reside, b. F. Saul, VIII
| liam e. Shannon, James F. Shea
Charles G. Spalding, Corcoran Thon
and John F. Wilkins.
Land Bank Declares Dividend.
At meeting of the board OF directors
OF the Potomac Joint Stock Land
Bank yesterday, after the Legal
amount of earnings were carried tc
| the reserve account and a substantial
amount to earned surplus, a dividend
at the rate of per cent per annum
was declared for the six months
period, ending December 81, to STOCK
holders of record December 20.
The board also authorized the sale
of 200 shares of the authorized capital
stock on January /, 1928. The stock
will be offered to the present stock.
holders. All previous increases in
stock have been absorbed in this way.
When the increase is paid in, the
capital will be $4,000 and reserve,
surplus and undivided profits in ex.
cess of $125, 900. The bank now has
in excess of S6,250,000 loans. and has
farm loan bonds outstanding OF
Sc .000. 900.
A new bond issue Of $500, 900 per
cent tax exempt bonds was authorized
subject to the approval of the Fedora
Farm Loan Board to be offered about
January /.
George A. Harris, president of the
institution, stated that agricultural
| conditions in Maryland and Virg ginia
| were stable, and that farm land values
were on the increase. The building
of good roads and diversification OF
crops in Maryland and Virginia have
put agriculture on substantial basis
Railway Common Sells at 460.
Twenty five shares of Washington
Railway & Electric common sold al
460 on the local board today. The
preferred moved at 100s and closed
at 1904, new top. Peoples
Drug made a new high at 121
Lanston led the market in volume
of trading, closing at 1864. Gas Light
stock was half a point off, selling
at 81.
Bonds were strong, Chesapeake
| Potomac Telephone 5s sold at 101
Washington Gas os. series B, agair
registered 1861, Wardman Park Hote
! 5Ias changed hands at sc. and Poto
mac Electric first IS at 101h. City
& Suburban IS were out at 80 on 6
81 900 turnover.
Other Dividends Also Declared.
The directors of the Bank of Ana
costa yesterday declared the usua
| per cent quarterly dividend due a
this time, President Maurice Otter
| back announces. This makes 20 pei
cent paid for the year. 1t was stated
that the bank is now rounding ou
one of the best years in its history.
| The directors of the Farmers
Mechanics National Bank, in George
| town. yesterday declared the regular
, quarterly dividend of SO per share
payable to stockholders of record a
the close of business, December 23
Coal Stockholders Meet Here.
I Directors and stockholders of tn,
Coal River Galleries.. located nea
| Huntington, w. Va, with offices a
Cleveland, Ohio, met at the Willard
| Hotel yesterday. About 200 stock
| holders attended, but not enough wer
| present to transact business. An in
formal discussion concerning the ils
posal or further development of tn
compsny's property was held during
the afternoon. Arrangements wer
made for another meeting at the VIII
lard on December II.
Stockholders of the company ar
mostly members of the Brotherhood
of Locomotive Engineers and othe
railroad employees.
Mortgage Firm Votes Divilends.-
The directors of the Real Estate
| Guaranty Corporation yesterday dt
clared the ninth regular semiannua
4 per cent dividend on the preferre
shares and 2A per cent on the pa
value of the common shares. payabl
December 81 to stockholders of rex
ord December 20.
On November 80 the corporation re
ported total resources of $4,839, ,701. SO
with discounts, surplus and reserve
Of 1851 ,901 after deducting. all div
dends paid. The management report
that the sales of the new bond Ge
partment have exceeded expectations
\ The officers and directors of the col
poration are: L. f. Breuninger. pres
dent: Thomas Somerville and r. l.
Neuhauser, vice presidents; Maj. Ger
Anton Stephan, treasurer. and w. I
Sickle, secretary; Fred Drew, Hayde
Johnson, William Muehleisen, Dona'
Woodward, Charles A. Garry. T. {
Dulin, Frank II. Edmonds, c. S. Dur
can, Andrew Loffier, Henry l.. Breur
niger, Sol Lansburgh, Horace G
Smithy, Thomas Somerville, jr.; Ed
ward c. Ernst and Michael A. Weller