Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-01-19
WOODWARD HEADS
MT. VERNON BANK
Succeeds Mueh|eisen as
President of D. C. Savings
Institution.
BY EDWARD G. STONE.

pI 1bN AMI Y. SIUNE.
Claude H. Woodward. vice preside,
c. the Mount Vernon Savings Ban
vas elected president at the annu;
r'eeiing late yesterday. succeeding Wi
Lam MuchlciSen. who was relieved
the duties at his own request aftt
having been president since the found
ing of the institution in 1920. The aG
vance of Mr.. Woodward was rapid. &
he has been with the bank only a yea
A. Q. Wharton. who has been a di
rector for several years and is preSi
Cent OF the International Associatio
G Machinists. was elected a vice presi
Cent, as was Frank W, Lee. who ha
her cashier. His position as cashle
vas filed bv the promotion of his as
sstant. Robert r Hiehfeld. One othe
change was made at the meeting.
Nflstretta, III charge Of the foreign eX
Change department, being elected TO tn
assistant csshlerShip
The stockholders announced that al
the promotions were made because q
snccial merit Mir Nuehleisen will re
tain his interest as a stakeholder an,
director. The new president is a for
rner director OF the Second Naticna
Bank of this city. and went TO tn,
.Tount Vernon Bank with an UNUSUAL,
Successful business record, The com
nete Official roster chosen yesterday
follows:
r. Golden Donaldson. chairman O.
the board; Claude H. Woodward, presi.
C7Ilt: A. Q. Wharton. Emmett c. Davi.
son, William II. Johnston and Frank w
Lee. vice presidents: Robert T. High.
Ted. cashier: Leo E. Madican. con.
t~oller: T. Edwin Norris and A. Mis-
tretta. assistant cashiers and Hayden
Johnson. counsel.
Chesterman Assumes Duties.
Bertram Chesterman. who was elected
PRESIDENT Q. the Morris Plan Bank o,
Washington at yesterdays director.
MEETINGS. TODAY assumed his new duties
lie succeeds Wallace y. Mclean. .
former Wasiinetonian who is executive
vice president Of the Morris Plan Bant
n New York and also of the Morri,
Elan Corp. Mr.. Mclean found That he
Gould not give the necessary time te
the Washington Bank.
John f. Walker. president Of tht
Morris Plan Corp. with Offices in New
York, was added 10 the local board Of
directors. Arthur D. Morris, founde,
G: the Morris Plan vas made chairman
q the board. Air. Chesterman told the
stockholders that the year Just ending
had been the most successful the locaI
bank had enjoyed.
Clearing House Officers Elected,
Harry V. Haynes was elected chair.
nan al the Washington Clearing House
ASSOCIATION at the annual meeting yes.
teroay. II was his fifth reelection
Victor B. Deybe- was reelected secre-
tary for the third time.
Il. II. Mckee. former chairman OF
the Clearing House. was elected tn
membership on the clearing house exec
n-ive committee. succeeding W. J. Waller
and c. 2. Jacobsen took the place al
George w. White on the cornn1ittee
William J. Father and John Poole were
reelected 70 membership. Charles =
Bright. for several years manager OF
tae association, was reappointed to that
Office
At present II national banks and two
trust companies compose the active
membership CT the association. They
represent approximately $4,000. 900 OF
tie BANKING resources Of the District.
Railway Preferred Market Leader.
Seventy-one shares of Washington
Railway e. Electric preferred Changed
nanoS on the local stock exchange to-
czY, the stock selling as high as 1923.
capital Traction moved az I09a.. Wash
ington Gas al IS. Potomac Electric ST.
Err cent preferred at 1885,. the 6 Der
cent issue AZ lils. and Mergenthaler
a. 1915.
American Security & Trust sold at
$50 and Merchants Bank & Trust stock
35L Commercial National Co. pre-
ieFred registered f06. Merchants Trans
1T q Storage preferred l03 and Ma
,9'aaj Mortgage l. Investment preferred
=. Bonds were strong but Quiet
Theater Company Elects Officers.
AT the annual meeting Of stockhold-
fts Of the West Woodbridge Theater Co.
Ing, me following directors were elected
: ofln w. Oenn2ann, r. L. GrabiIi. J. NJ
Caster, Theodore L. Edmiston. B. r.
f1o4Iles, r. q. Jackson, H. A. Johns. w
e Flaser, W. @. Ti6ler, Waiter 7
Cshill, w. r. Williams, Fred q. Miller. I
{. Boore, William J. Eeeiye and ] c
LINDSEY. The board Organized and
erected the following officers: President
9osan W. Oenmann: first vice president
r: a Johns: second vice president.
walter J. cahili: secretary, W. O. lid
i@r, ana treasurer, J. NJ. Castell.
Insurance Trustees Named.
AZ the annual meeting of the stock-
hcioers o! the Home Plate Glass Tns,,r.
srce co. here yesterday the following
trustees we're elected: Byron s. ADAM
II II. Be.gnann. Charles r. Brown. Al
f>9ri J. Gore, Charles T. Hood. John n
i~aFT3er and William r. Son1erYeu The
DDafo organized kJy selecting the follow.
ing officers President. John e Larner
nee president. Byron s. Adams: Secre-
tary~'EeaSurer. William II. Son1erveI.
Faculty Dinner Brilliant Success.
me annual dinner given 70 the fac
Iii" " Washington Chapter. A. /. b.
f'rppec q complete success !. j. Rob-
frls. chapter president. spoke for ths
aeraoesship. James A. E0per presided
aFld several Of tne teachers made br!e.
remarks.
Harold Stonier. national educational
clfecSor, MADE fine impression on his
!1rst VaSit here since MS appointment
lie made an intensely Interesting ad.
cfeS& III wnicn re urged the youua
bankers " study hard al night ard pu'
lnD pfac'sne me next DAY what tneS
Ia.o leaYnec
F@c4lRy members present were Raw.
mono Il D!ckey, cesn Eliot H. Thorn
t3s. Bo3!'i1a } Laws, r J. Donohue. T.
J. Ec0ISce i. r.. E<sokFr. w Gordon
E1ehanan, Walter A Dunlap. y Esslb,
LeafeA aud Charles e., RicnaY6bon.
Other Financial kSt%s.
THIS Is INSURANCE Gay" IN the ga.
tons! 1hr!7t week Campaign. and ttls
}n3pof'apce If pyoper Insurance protee.
ton IL se.n2 gwen fgli slyesa locally.
Rel earnings u Foz Tnealsr CorIsoYa.
ton for goyem1ey and Deoernbef were
spo3t $Z1g 900. conlpasec yith less than
SO 300 fof 'ns Two correspondence
months 0! 1926
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STRUCTURAL STEEL ORDERS.