Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-08-11
CHA|RMEN NAMED
FORBANKERS' BODY
President W. W. Spaid of
D. c. B. A. Appoints Heads
of Committees for Year.
BY EDWARD G. STONE.

| Auditing-Charies r. Doing, man.
| ager Washington Loan and Trust Co.
branch office.
Commercial activities - John M.
| Riordan, executive vice president
Bank of Commerce and Savings.
Fraudulent securities - Eugene f.
Thompson. head of Crane. Paris & Co.
insurance.. Fl. Pope. vice presi-
dent Munsey Trust Co.
| Law and gislatve-Francis G.
Addison, jr., vice president Security
Savings and Commercial Bank.
Protective-Harry V. Haynes, presi.
dent Farmers and Mechanics Ma.
tional Bank
Publicity-Thomas w. Brahany. as.
ISOLATED with Crane, Paris G. Co.
Standard banking forms-Edward ].
McQuade. vice president Liberty Ma
tional Bank.
Taxation-Robert " Fleming, presi.
dent Riggs National Bank
Treasury RELATIONSHIP. J. Waller,
vice president Federal-American Ma
| tional Bank.
Improbable accounts-John Poole.
president Federal-American National
Bank.
Veteran Committeeman i'm List.
Many of these bankers have already
served on important association COM
mittees, several on the same commit
tees with which they will carry on
this year. Mr.. Riordon in taking the
commercial activities committee chair
manship. follows Victor 3. Deyber.
who had served as head Of the COM
,, mittee for two years. Mr.. Doing
takes Mr.. Riordon's place on the
auditing committee. c. H. Pope fol-
lows Lanier p. McLachlen on the
standardized banking insurance COM
mittee.
Mr.. Brahany succeeds Frederick P.
RI Siddons on publicity. the latter
having served last year on the asso-
ciation's yearly committee and also
on the special convention committee.
On heading the Treasury relations
committee Mr.. Waller follows Robert
v FLEMING. This will be the third
wear that Mr.. McQuade has worked on
the standard banking forms. many oi
this committees suggestions haVlns
already been put into practice IN the
banks In watching the unprofltapie
account situation, Mr.. Poole VIII con-
tinue his duties Of last year.
President Spaid expects to nave the
full membership of these committees
ready for publication in few Gays.
with these enthusiastic and energetic
committee chairmen ready to take tne
lead. the work of the association
snecial committees is sure to be so
conducted as to result IN dhothei so
! of marked progress.
Bank Resources Smash RECORDS.
Total resources of national banks
in the United States, Alaska ana
Hawaii amounted to 1851 .943, 900 on
.June 30. when a national bank cali
was issued, the controller or the cur
rency announced today.
Resources of the 1876 banks passed
the s26. 900, 900 900 mark for the hrst
time. comparing with SIS sos. 147 600 on
March %, the date of the previous
call and S25,315.624. 900 on June 80,
| 1926.
Local Bank Stocks Climbing.
Local bank stocks were again strong
TODAY on the exchange, 40 shares OF
Riggs National selling at ass, within
one point of the 1927 high. American
Security & Trust changed hands at
AIS. having advanced from 40612, the
price on the last previous sale. Ma
tional Savings & Trust came out today
at 4OS and 40S1s, and Merchants Bank
& Trust Co. sold at 157.
Other stocks were also strong.
Potomac Electric 51a per cent pre-
ferred closed at Is. Mergenthaler
advanced to 112%, and Lanston sold
at 997s. Merchants Transfer &
Storage common opened at 135 and
closed at 1872. Ten shares of National
Mortgage 4 Investment preferred
moved at I.
Exchange Member HOnOred.
After the list had been called, the
exchange adjourned out of respect to
the memory of Richard +. Claughton,
whose death occurred yesterday. Mr..
Claughton was vice president of the
exchange and had been a member for
many years. He had also been
director of the Commercial Bank since
it was founded.
The exchange passed resolutions ex-
tending sympathy to Mrs. Claughton
and arranged for representation at
the funeral
Stockholders Adopt Change.
The stockholders of the National
Mortgage Investment Corporation
voted in favor of canceling 64,604
shares of the company's preferred
stock, purchased in the open market,
and also to retire all outstanding $40
par value common shares and to give
in return one share of no par com.
mon for each 10 shares of the old
stock now held.
There was a large attendance OF
stockholders at the meeting, held
yesterday afternoon at the Arlington
Hotel. Frank j. Hughes, the presi-
dent, explained to the stockholders
why the directors believed that the
new financial alignment would benefit
tn company and also told the share
holders that the balance sheet showed
the company to be in a strong posi-
ton.
Heard i'm Financial District.
Arthur Foraker, manager of the To-
cal office of Eastman, Dillon & Co, will
leave here next week for a vacation
trim to Vancouver and other points In