The Washington times., 1927-01-12
BANKERS BEGIN
WINTER PLANS
BY RICHARD HATTON


tute OF Banking. which viii be held
in the chapter rooms this evening at
S:16s the serious winter activities
OF the Organization viii begin.
The first semester, which closed
just before Christmas, was the
most successful in the history OF
the chapter and the new semester
just beginning promises to surpass
it0 predecessor.
"A general review of the course In
banking fundamentals conducted by
Elliot III. Thomson, was held Tues
day evening and the final examina-
tions for the first semester course
win be held by Mr.. Thomson on
Thursday evening.
This is the largest class ever en-.
rolled In one of the local institute
courses and enrolment for the sec.
orid semester course promises to tax
the capacity of the lecture room.
As the title indicates, Mr.. Thom+
son, in his lectures, lays the foun.
dation upon which can be built the
entire theory and practii Of bank.
ing through the several other sub
jectS In the institute curriculum
The. second forum dinner Of the
Washington chapter will be held at
the City Club at 6 p. m., January 10.
These dinners have become In!
creasingly popular and the subjects
discussed have a vital bearing upon
problems Of the day: Assistant
United States Attorney Ralph Given
Will be the principal speaker at the
coming dinner. His subject will he
''The Bad Check Law"
II. w. Burnside. chairman Of the
forum dinner committee, will preside
and there will be a general discus
sion Of Mr.. Giveh's subject at the
conclusion Of his talk.
Banquet In February
The next event Of major impor-
lance in the program Of the chapter
will be made In the near future.
The following were elected direcl
tors of the Northeast Savings Bank
at the annual meeting held yester-
day: James M. Brodnax. DR.. James
H. Early, William H. Ernest, James
B. Flynn, Henry w. Giotzbach,
Perclval Hall. George r., Hoover; DIR.
Henry w. Jaeger, Gerbert r. King,
W. Reginald Lewis, Ike N0rcisenfeld,
Charles H. Potter, Kennedy F..
Rea, Michael r. Ready. Watson v.
Shelton, Guy r. Steuart,. L. p.
steuart. Charles R. Talbert and John
H. Thomas.
The Federal.American National
Bank has increased its surplus by
transferring 500. 900 from undivided
profits, making the surplus now
$4,000 and undivided y profits
$1g4;Q 900. Deposits on December 81,
1925. were $12,499. 055.94. =
The board Of directors OF the
Commercial National Bank was re-
elected Tuesday afternoon as follows:
James H. Baden, Charles E Berry.
son, Hayden Johnson r. Golden
Donaldson, gTIolcomb d. johnson,
James B. Reynolds, A, M. Rizik,
James Townsend Russell, Percy H.
Russell, James Sharp. Laurence A.
SLAUGHTER, Emmons s. Smith. jr.,
George TulIy Vaughan, William y.
West, Walter J. Harrison and Fred
erick II. Cox. 's'i ~
Clarence r. SNorment. chairman of.
the board Of the NMationalTBank OF
Warrington, stated. at the annual
meeting Tuesday that 100000 had
been added to surplus: making the
capital and surplus now. 80 ,O5O, 900,
with an ample reserve The stock
holders elected the following direc'
Il. p. Andrews. J. M. Beavers, e.
c. Brandenburg. Henry n. Brawner,
jr., Wrisley Brown, D.. j. Callahan,
J. Edmund Cammack. Max Fischer.
Maurice F. Flynn, G. w. Forsberg,
George B. Goetz, Z. Charlton Graves,
]. T. .Hendrick,. James, D. Hobbs,
Frank Il. Jelleff, Michael A. Keane,
Mark Lansburg, Morris E. NARROW,
Arthur j.. May. John G.. Weinberg,
w. Clarence Miller, Clarence F. Nor.
ment, Clarence F: Normentt jr.,
Harry, Norment, Richard E. Pairo,
George p. Sacks, Charles 'Schafer,
John Scrivener, Odell s.. Smith,
George L. Starkey. James Trimble,
p. ;. Walshe, Harry Wardman.
The directors held meeting fol.
lowing the stockholders meeting and
elected the following officers:
Clarence r. ,Norment. chairman OF
the board; George l.. Starkey. presi-
dent: George p. Sacks, vice .presi-
dent; James Trimble. vice president;
D. ]. Callahan, vice president; ].
Frank White, cashier; Edmund H.
Graham. assistant cashier; John
Alden, assistant cashier; William E.
Howard, assistant cashier; Ruther.
ford j. Dooley. assistant cashier; E.
c. Brandenburg. trust officer, Ed.
mund H. Graham. assistant trust Of
fIcer: ,OdelI S. Smith,, secretary of
the board; Everett H. Parsley,
auditor.
Austin C.. Waller, vice president,
Of the international Bank, Wash.
ington, D. c., left Tuesday for Chi.
iI1gs OF a number OF banks OF the
Middle West. He viii return to
washington about February !.
Among the drug chains the most
notable expansion in 1926 was that
Of the Peoples Drug stores. Of Wash.
ington, which started the year with
1S stores and now has As. a gain
Of $50 per cent. Expansion through.
out the entire field was substantial.
-. -r--;.
TREASURY STATEMENT
The daily statement of the United
States Treasury shows:
Income to date this year. $685..
658,52S.74.
Income to date last year, $1.973,.
942 1925.
Increase. $1OS, 716,2s6.4S.
Income over outgo this year. $74,-
257 .690.78.
Income over outgo last year, $685..
S68, 567.i6. va :.
Balance general fund today. $2O4,.
n AA