Evening star., 1927-12-14
SHOEMAKER GETS
BANK PROMOTION
Elected Cashier of Potomac
Savings Institution-Lan-
Ston at Peak.
BY EDWARD C. STONE.

c. Wendell Shoemaker was toda.
elected cashier of the Potomac Saw
ings Bank in Georgetown. succeeding
B. Agee Bowles, who for the pas
five years has combined this position
with that of vice president The othe
officers elected for thee oming year in
clude:
Henry w. Offutt, president; Al
phonse M. Baer, vice president: B
| Agee Bowles, vice president; Emory
II. Bogley. secretary; George w OF
futt. attorney. and Gilmore T. Bur
6ette. assistant cashier. At the an
nual meeting of the stockholders helC
yesterday afternoon these directors
were chosen:
William p. Ames. William w. An
derson, Alphonse M. Baer, Emory Fl
Bogley, r. Agee Bowles. William II
Clarke, Davenport B. Elgin. James c
Hoyle. Malcolm w. Morgan, George
w. Offutt. Henry w. Offutt, NJ. VIII
son Offutt, DR.. Anthony NJ. Ray, C
| Wendell Shoemaker, ]. William Stohl
| man. Henry A. Storm and J. Clinton
| Tribby.
Mr.. Shoemaker, the new cashier
has been with the bank 10 years and
while working toward his new posi-.
ton has held all the various clerical
positions in the bank. He is a native
IF Tenleytown and has displayed par
| ticular pride in the development of
that section of the city and only re-
Gently, as chairman of the finance
committee, played vital part in the
erection of the handsome new build
ng Of the Eldbrooke Methodist Episco-
pal Church Graduating from Busi-
HiOh Cnhnn1 in, 10nQ ~. Shn0-
maker soon found his way into the
banking profession.
Lanston Stock Higher Today.
Lanston scored a new top on the
Washington Stock Exchange today,
opening at 1854 and climbing to 1O9
on turnover of 81 shares. Potomac
Electric Power per cent preferred
was strong at 112 and the 51a per
cent issue equally firm at 1861.
Merchants Transfer & Storage
preferred moved at 106. National Mort
gage & Investment preferred at 5s
and Washington Convention Hall pre-
ferred at 9S. One share of Capital
Traction sold at 109. Four shares of
Commercial National Bank stock sold
at 265.
Twenty-Five shares of Washington
Railway & Electric preferred sold at
100. Bonds were neglected, a $1,000
transaction in Washington Railway
& Electric As at 90% being the only
sale.
Bank Has Prosperous Year.
The directors of the Woodbridge
Langdon Savings & Commercial Bank
yesterday declared the regular semi
annual dividend of 3 per cent, pay.
able on January Is, to stockholders
of record December 81. The directors
also voted to transfer $4,000 from the
undivided-profits account to surplus,
bringing the total of the banks
surplus to $42,5 In addition to the
passage OF these resolutions the di.
rectors voted half months salary to
all members of the staff.
In submitting his report, A. S. Hen.
derson, president of the institution
expressed qualification over the sub
stantial supportw hich the bank has
received from the residents of Wood
ridge and contiguous territory since
the organization of the bank five years
ago, pointing to the fact that theil
cooperation has enabled the bank tc
acquire resources of over $550.000.
Barber & Ross Dividend Voted.
At a meeting of the board of direc.
tors of Barber & Ross yesterday after
noon the regular quarterly dividend
of S71a cents per share was declared
on the common stock. This is the
fourth dividend on common since the
present corporation was Organized a
year ago and is payable on January |
TO stockholders of record on Decem-
ber 20,
Steady Improvement in the hard.
ware business all over the country,
which is being reflected in Washing
ton, was reported at the meeting. The
common stock on which the dividend
was declared is listed on the local
stock exchange, the last sale being
made at 35.
Federal Storage Disbursement.
The directors of the Federal Storage
Co. met yesterday afternoon and de-
ciared the regular quarterly dividend
OF per cent on the company's pre-
ferred stock. 1t is payable on January
is to stockholders of record at the
close of business on December 81. ac
cording to announcement today by
President E. K. Morris.
Declares Dividend and Bonus.
The directors of the Security Saw
ings Commercial Bank at a meet
ing this forenoon declared the regula,
quarterly dividend Of 4 per cent due
at this time. The dividend is payable
| on December 81 to stockholders Of
record December "a.
The board also voted a Christina.
bonus to all employees of the bank oi
per cent based on the past year.
| salaries. This is one of the first Yule
fidn Gifts n hn nrdnrnd hxya o.la
ington bank and will cause great iay
PlOw Funds Back Into Savings.
Members of last years Christina.
savings clubs are displaying a sur
| prising degree of thrift in connection
with their plans for 1928. one loca
| bank reporting Chat 40 per cent o.
The money saved during 1927 has al
ready been placed in the bank fol-
1928. Part of this money has beer
| placed in the 1928 Christmas Saving.
Club and the remainder in permanent
savings.
| Last year it was estimated by the
| Christmas Savings Club committee OF
the District Bankers Association thai
| % per cent was re-invested. Indica
tions point to still better record this
| year. Information harvested in the
| financial district shows that many
/ members have put half of their 1922
savings back in for 1928. OF course
such a high percentage will not holt
for the general run of club members
but it reveals Il decidedly thrifty trend
Out of the SO 100000 saved in Wash
ington it lookl as if about SO 1000. .00t
of it might go Lack into the banks.
The other $4000,000 is finding it:
way into the stores and being used t.
meet wide variety of otner tinancia
obligations.
Financial Notes.