The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1927-03-29
BANK To OPEN
Bis BRANCH
By RICHARD HATTON


has granted permission to the Farm
nrs and Mechanics National Bank
20 establish . branch office at the
intersection OF Warren Street, Thir.
ky-ninth Street and Wisconsin Az.
enue, and it Is understood that the
hank, which, already owns suitable
ground space on the location will
proceed IN the near future to erect
b handsome branch bank structure.
The establishment Of this branch
has long been q project Of Presi-
dent Harry v. Haynes, Of the
Farmers and Mechanics, under
whose administration the bank has
greatly expanded its business.
It Is in order to care for the In
creasing business in this rapidly
growing section that President
Haynes, with the backing Of his
board Of directors has made plans
for the branch.
Tentative plans. which win un-
doubtedly be carried out at once,
call for the erection of q one.story
building for strictly banking pur-
poses.
The material used in construction
viii be stone and the building will
conform to the general style. of
architecture In the immediate vicin.
fly which Is more or less of q resi-.
Dental section with a business lane
on Wisconsin Avenue. The equip
Tnent and fittings Of the new branch
will be Of the latest approved bank
models.
The directors and officers Of the
Farmers and Mechanics National
Bank feel that the present expan-
sion il necessary in order that the
institution function properly in the
service Of its customers.
In connection with the construc-
tion of branch 1t is OF more than
passing interest TO recall the long
and honorable history of the Farm
ers and Mechanics National Bank
which Is one of the oldest banking
institutions in the District Of Co
lumbia. 1t is. in fact, one Of the
financial landmarks of the commun-
ity and, from an historical stand.
point. it holds the deepest interest
The bank was established in 1914
and its first location was near the
famous old structure in George
town known as Suffers Tavern.
One Of the relics now in the vaults
OF the bank is a tool used by
George Washington In laying the
cornerstone of the National Capitol.
This treasure is the property of
Potomac Lodge of Masons. The
banks history is redolent with the
Oldest traditions of the city and the
Nation.
To President Harry v. Haynes
and the present office, and di-
rectors Of the Farmers and Me-
chanics is given the credit for the
splendid condition OF the institution.
Deposits in the bank have more
than doubled in the past six years.
During its long and J Huorable ex-
istence as a District Of Columbia
financial institution the Farmers
and Mechanics Bank has, upon sew
eral occasions, rendered exceptional
service to the Government and the
records In which this patriotic serv-
ice Is set forth are among the
treasured possessions Of the bank
today. 4-s-.e
In addition to President Haynes,
the present officers and directors
of the Farmers and Mechanics Ma
tional Bank are Robert d. Weaver
and G.. L. Nicolson, vice presidents;
Harry L. Selby, cashier; Henry w.
Sohon, counsel and trust officer;
C.. T. Cropley, assistant cashier;
Harold w. Burnside, assistant
cashier, and /. w, hopkins, auditor.
Directors: Dallas Berry, J. McKen-
ney Berry, Charles H. Craigin, J.
e. Dyer, Henry W. Fisher. DR..
william c. Gwynn, William King,
Joseph II. Lee. G. L. Nicolson, ].
Wilbur Sherwood. Thomas ]. STAN
ton, Julian Nj. Walters, Robert D.
Weaver. and Raymond J. Wise.
The statement Of the Chesapeake
and Potomac Telephone Company's
operations for the month Of Feb
ruary, 1927, to the Public Utilities
Commission shows telephone operat-
ing revenues Of $602.704.
This H. q decrease OF $14,S2O COM
pared with January, Operating ex-
penses were $SSs.716. decrease Of
SIS sos compared with January.
Taxes for the month of February
were $50,S42, an increase of $216
compared with January, and other
miscellaneous expenses amounted to
$12,251, q decrease Of $484 CON-
pared with January, causing the net
income Of $139 1896 to show an in.
crease Of 1856 compared with jan
uary.
The statement also shows that
new plant and equipment added dur.
ing the first two months of 1927
amounted to S407 1882, while re-
tirements for the same period
amounted to $127.128.90, making
the net additions for the first two
months Of 1927. $3.50. 320.42.
Net additions to plaYA and equip
nnent for the IL months period
ending February %, 1927, amounted
a a .