Evening star., 1927-10-26
D. c. WOMAN TELLS
BANKERS Of WILLS
Addresses National Body,
New Highs Numerous on
Local Exchange.
by EDWARD c. STONE.

the Continental Trust 60, cdfieu upot
eu woman bankers 70 give their cileit'
more explicit advice in drawing M
wills and at the same time Urged
women in general to use far greater
care in making their wills, in an ao
dress read before the National Asso
citation of Bank Women at Houston
Tex. today. In discussing "A Wom
ans Will--Importan Points Affecting
the Distribution of Her Property,
Miss Winfree said. in part:
"The law of wills and the dlstrlhu'
tion and disposition of an estate IS q
tonic which has fascinated the great
est minds of the legal profession for
years. Today it is of paramount I'M
portance to the banker.
"In a viii as nowhere during the
lives of individuals do all the human
fntirmitieS stand revealed IN thelf
hideous nakedness and nowhere else
do the halloewed and sanity virtues
of common lives stand forth as in the
mustv records of the probate court.
All the human passions find express
sior-amhition and pride. aNarice and
charity, love and hate. sanity heneV-
olence and malignant revenge. II
you make no will. the state makes
one for YOU.
Jmportance of Details Stressed.
"a will should he signed in the
presence of witnesses and the Wit
nesses should sign an at'eStatlon
clause. Three witnesses meet the re-
uuirement of ali States. not two \
few wears ago the will OF i justice of
the Supreme Court was declared void
on account Of lack Of the proper num-
ber of witnesses.
plan a will carefully. Use words
that cannot be misunderstood but can
be carried into effect without dispute
or litigation. No two estates are eX-
actly alike. No two persons have the
same problems to solve in making pro-
vision for family or friend.
ut is a grave mistake TO attempt
to draw your own will. No other
legal document is so important. It's
only after the testator is dead and
cannot explain that will takes
effect.
'Do not trust the preparation of
your will to any one other than a
lawyer whose experience and training
fit him for the task-avoid law suits
and dissipation of your estate.
State Laws Differ Widely.
''The term for which property can
be left in trust varies in different
States. The original rule was that
property could only be left for life
in being and II years thereafter" In
making provision for descendants, it
must be borne in mind some States
only allow trusts to be created for the
benefit of minor persons, or non COM
pos mentis, or persons with bad men,
tai habits, Incorporate, wasteful hab-
its or unfit to manage property.
Children and their descendants
are forced heirs. If there are no de-
scendants, parents are forced heirs.
Care should be taken that children
are mentioned specifically in the will.
I'm no other capacity can the bank
woman so we'll serve as when advis-
ing a woman contemplating making
her will, in carefully discussing it with
the client. bringing to her attention
the laws of the particular State, and
in pointing out the pitfalls and dam
gers to be avoided.
THE present is the time to discuss
the matter and point out the impor-
tance of making a will. Sit down
quietly with your client, and plan.
Bring to her attention the fact that
it is her big opportunity, and her last
word; that it shows the height and
depth of her soul"
Four New Highs On Exchange Here.
Washington Gas Light stock gained
fractionally to new high mark on
the local exchange today, Sanitary
Grocery climbed to the new peak of
10S, National Bank of Washington
sold at 3171a compared with the last
sale at 80, and d. c. Paper preferred
came out at SO which was the best
price this year in this issue.
Gas stock opened at S12s. climbing
Il and closed at 7s, sales reaching S8
shares. Sanitary Grocery reached
103 on a turnover of only Is shares.
Washington Railway & Electric again
sold at 100, to the extent of 20 shares.
Potomac Electric per cent preferred
moved at 112 and the 51a per cent
shares registered 1062s, off an eighth
from yesterday.
Capital Traction gained a quarter
point over yesterdays market, clos
ing at 1882 on very light trading.
Peoples Drug was strong at 119, as
was Columbia Sand & Gravel at 103.
Exchange members chose to do little
trading in bonds but prices held firm.
southern's Earnings Slightly Lower.
September net operating income of
the Southern Railway system was
$5,04S,747, against $5,095.414 a year
ago, and for nine months of 1927
declined to $30,705,0 ,048 from $35 ,030,-
163. Gross for the month was S722.-
AIS less than in September last year
Chesapeake Corporation reports net
income of $1,192, ,4S0 for four months
ended October /, equal to $1.32 a share
on the common stock, after expenses
and other charges.
An extra dividend of 81 share in
addition TO the regular quarterly divi-
dend of the same amount was declared
by the board of directors of the Nor
folk & Western Railroad, meeting
at Philadelphia yesterday This will
make total dividends for the year of
$40 share, the same amount as was
paid last year.
The Clerks Mutual Beneficial &
Protective Association at it's monthly
meeting held at the Harrington Hotel,
Installed these officers for the ensuing
year: President. J. Leo kolb; vice
president, Samuel Alexander: record
ing secretary, Thomas G. Fox:
financial secretary, Thomas E. Allen;
treasurer, W. A. Swenk; guard, F. ].
Hirrlinger; attorney, NJ. d. Rosen-
berg: medical examiner, DIR. c. A.
Weaver. After distribution of annual
dividends, John G. Kerrigan and
Frank p. Mackenzie were initiated to
membership
Personal Mention.
Miss Lois A. White, president of
the Bank Women's Club and secretary
of Washington Chapter, American In
stitute of Banking, is enjoying the re-
mainder Of her vacation in New York
with her mother. She will return to
her duties at the Federal-American
National Bank Monday.
B. & O. BONDS CALLED.
r,4;r. COX mn 0Oo 10vear q Dot