The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1927-01-18
BANKING GLASS
STARTS
By RICHARD HATTON

By kACk1AktD HATIUN
Second semester activities Of the
Washington Chapter. American In
stituts Of Banking. get underway
today. The committee in charge of
arrangements for the annual ban.
quet will meet in the chapter rooms
this afternoon under the chairman.
ship Of Joseph D. Yerkes to con.
slider preliminary plans.
In addition to Chairman Yerkes
the committee Is composed Of J, H.
Beail, Mary A. BeAli, Emma
Bischoff, Harold w. Burnside, $.
Winifred Burwell. Julian o. Cardin,
r. Jesse CLANCY, F. II, Cox, Hope
well Darneille, Audrey Dooley,
James G. Dulin, John Fletchall, Phil
y. Garrett, Harold r. Gates, George
n. Irlan, Henry Kimball, Catherine
Kreig, Robert Lacey, Esther Lat,
Herbert Lawson, Raymond Lochtc,
Ellsworth Meyer. Elmer o'Hara,
Frank M. Perley, Fernand Petit,
Lincoln II. Phillips, Mabel Royce,
Alfred w. Sherman, Frederick F.
II. Siddons, Norman ToWson, Gar
rett n. Van Hcesen and Lois A,
white.
Other Committees
chairmen of committees were an.
nounced as follows: Menu, r. Jesse
Clancy, seating, r. II. Cox, decora'1
tons, George M. IrIan; publicity,
Elmer O'Hara; entertainment. Alfred
w. Sherman, Other committee chair.
men and their committees will be
announced later. An interesting
committee announcement Is that OF
the reception committee with w. u.
D. Heron, first president OF the
chapter, as chairman and composed
Of all living past presidents OF the
chapter, incidentally, this is the
silver jubilee banquet cofnmemorat.
Ing the twenty-fifth anniversary OF
the local chapter.
The lecture courses for the sec.
opd semester will start promptly
at 1870 this evening. Two new and
important courses will get under
way. They are trust functions,
under William H. Baden, and nego-
table instruments, under Raymond
y. Dickey. The popular course in
banking fundamentals, directed BY
Elliot H. Thompson, will hear q
lecture on Banking as a Vocation, :"
Another important course to open
tonight is that in "credits, under
Francis A. Addison, recognized
authority upon the subject.
The regular forum dinner Of the
Washington Chapter Of the A. I. 3.
viii be held at the City Club
Wednesday evening at 6 o'clock.
The speaker Of the evening win be
Assistant United States Attorney
Ralph Given, who will talk on Bad
Checks"
In the annual report Of the
American Security and Trust Com
pany, which was presented at its
thirty-seventh annual meeting. held
on Tuesday, January Is, an
analysis shows that the net profits
for the year were $500, 322.37, which
il In excess Of 1925, showing .
return Of 20hs per cent on the
capital, of which Is per cent, total
ing $50, 900, was distributed in
dividends, and the sum Of $685..
322.S7, amounting to 5h per cent,
was added to the undivided profits.
The greatest growth Of the com.
pany was shown in the trust de.
partment, where the amounts held
IN trust investments and cash
totaled SOS, ,304,21. an increase of
97,227, S52,sO for the year.
The report of the banking de-
partment for the year shows that
t60T, 456.S5 was paid In interest to
depositors. During the year 5000
900 was transferred from undivided
profits to surplus, making a total
surplus of S3,G10,000 which, with
capital OF $8,400,00O and undivided
profits of $S70, $3.50. makes COM
bined total OF $6,770, Sss.57.
Directors Named
After receiving the report. the
stockholders elected the following
TO the board of directors for the
year 1927: c. A. Aspinwall, Charles
]. Bell. Harry *. Ross. John C.
Boyd, George w. Brown, William
N, Coates. William s. Corby, VIII.
liam w. Everett, william J.
Father, ir.; M. g. Gibbs, Cary r.
Grayson. James M. Green, Gilbert
II. Grosvenor, j. p, Hermann,
James r. Hood, Joseph Letter, q.
Percy McGlue. Edward B. Mclean,
Howard Moran. Clarence r.. Nor
Enent; Newbold Noyes, Howard s.
Reside, B, 3. Saul, william q.
shannon, James +. Shea, Charles
a. Spalding. Ccrcoran Thorn, John
y. wilkins.
The entire board of directors was
reelected at the annual meeting OF
the stockholders of the National
Savings and Trust Company held
Monday afternoon. Immediately
after. the election Of directors the
board met and reelected the Off.
GERS Of the company, as follows:
William D, Hoover, president; Wood.
bury Blair, first vice president;
Frank w. Stone, second vice pres,
3dent; Frank Stetson, trust officer;
Charles g, Lamborn, treasurer: hi
Eerciva! Wilson. secretary; Frank
=. Ullmer, assistant treasurer:
Bruce Baird, assistant trust officer:
David Bornet, assistant trust officer:
John w. Calvert, assistant treas.
urer; w. Hiles Pardoe, assistant
treasurer; A. J. FAINT, assistant sec.
rotary; John M. Roteler, assistant
b