Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-01-18
PEOPLES DRUG, |NC.,
SALES At NEW HIGH
Only Four Stores Added in
1927--Bankers Boom
Family Thrift.
BY EDWARD G. STONE.

| high record, exceeding tho estimate {
! $4,000 900 made early in the year
NJ. G. Gibbs, president Business
1926 totaled S6.321,ll9 SO that III
gain for 1927 amounted to Sl,8l4,69'
or 2S.7 per cent.
| December sales amounted to 1927
| the largest single month in the com
| pany'S history. and compared wit
$13S.923 III December, 1926 the previ
GUS banner month.
Peoples Drug added only four store
to its chain during 1927. There wer
80 stores in operation at the close c
last year. average sales store amount
ing TO Sl62 700. as compared with $751;
400 in 1926
The gain in business last year re
ffected results obtained from the tx
panSlon program undertaken durin
1926, when Is stores were added to tn
chain. increasing the number from /
TO 46. Whereas at the beginning c
1926 business of Peoples Drug wa
strictly local to Washington, stores no'
are operaed in Maryland, Pennsylvania
Virginia and West Virginia
The company's preferred stock
listed on the Washington Stock EX
change, selling around l2l and -.
The common, which is traded in on tn
New York Curb. is selling around 4!
compared with a high last year of 5
and low Of 28's.
Bankers Boom Family Thrift.
TwCnty-nine Washington banks wer
today distributing economy bulge
books to help their patrons and other
keep expenses within incomes With
out budget one is liable TO spen
more than he should III one dircctio
without properly providing for othe
necessary requirements.
The budget books suggest listing fiXe
expenditures such as rent. interes
taxes. insurance. savings. education
charity, church, amuSements an
garage rent. The books also has spac
for the estimating of expenses fc
groceries. meat. fuel. dry goods, cloth
ing, laundry. services. physicians an
medicine, furniture and fixtures. trayt
expenses. radio and automobile gas o
and tires. Last year thousands c
Washingtonians adopted the famil
budget plan and many reported late
that they got some extremely valuabl
suggestions.
The Bank day" committee. one O
the most important of the Thrift wee
committees. Is composed of Frank chi
SELF. chairman: B. A. Bowles, Bercran
Chesterman, Wade H. Cooper. Victo
B. Deyber. Robert Y. Fleming. Ernes
Gerstenberg, Thomas p Hickman. Vii
liam D. Hoover. John B. Larner. How
ara Moran, Lanier P. McIachlen. Mau
rice Otterback. John Poole, l.. E
Schreiner. r. L. Scareiner, J. L. Sher
wood. William ~. Spaid, Frank J
Striker, George Q. Watson and Geo~e
w. White.
North Capitol Bank Organizes.
The following directors were re. elect
ed by the stockholders OF the Ncrrl
Capitol Savings Bank at their annua
meeting yesterday: Paul Allen, K. s
Burgess, George Clagett, A. o. Ollie
John A. Eckert. Charles w. Floeckher
Edward E. Hail. Joseph A. Herbert. sr.
Allen Hollander. NJ. l.. Aiichsel, Theo
dore Michael George e Phillips. Lei
A. Rover, c. F. Sewers, Charles 3. Stew
art. Charles E. Young and F. l. zirkle
A new director. Clarence Nohe. wa
also elected. and these officers were re
elected: Theodore Michael. president
George CIagett. vice president: A. G
Ollie. vice president; E. s. Burgess
secretary; p. Henry Coates. cashier an,
Leo "A rover. attorney.
American Security's Officers.
1T the organization meeting of tn
American Security 4, Trust Co. yester
day the following officers were elected
Charles J. Bell, president. Corcora,
Thorn. B. F.. Saul and Howard Moran
vice presidents: Frederick p H. Sid
dons, secretary: Charles E. Hove
treasurer: William L. Beale. real estate
officer: J. Damn Faber. auditor; Alder
II. Shillington and Robert l.. Father
assistant secretaries: David n. Houston
r. Stanley Holland. j. Eliot Moran
Arthur G. Nichols and Earl G. John
scher. assistant treasurers: william. w
Keck. main Office: Edward z. Sgan
central branch; Hans w. Ireland. mair
office: Richard z. Harris. cenira
branch: Perch c. Brady. Southwes
branch: Harry p. White. Eortfleas
branch; Jamee c. Dulin. jr,. main
office: Charles G. Boswell. centra
branch: John E. Benton. assis.an
auditor
The directors added 10 the Official ros
Ter Robert l.. Father, manager of iii
department Of public relations. MAXIM
him assistant secretary of the institu
ton. Mr.. Flatf1er has been advance,
rapidly since he Joined the trust com
pany's stan.
Mount Vernon Savings Election.
At the annual meeting OF the stock
holders Of the Mount Vernon Saving
Bank the following directors were re
elected: James H. Baden, Albert j
Eerres. G.. NJ. Bugniazet K, G. Dawson
r. Golden Donaldson. Charles r. Ford
Harry w. Hahn. Fred Hewitt. Frank w
Lee, Robert r. Highteld Hayden John
son, William II Johnston. Or. r. 7
Koss. l.. z. Madigan. Henry c. Nose;
William Niue hleiscn. II. Glenn Phelps
b l.. Rinehart. II. s. Walcott. Arthur G
Wharton. Claude II. Woodward and G
3. Zantzinger.
Departmentai's Official Roster.
A. the reorganization meeting OF tn
directors Of the Departmental Bant
the following officers were elected 10
the coming year:
J. r. Exnici0s. president; Clyde Reef
N o Exn!cios, f. W. Libbeg, VIC
presidents, l.. A. R0aafy, secretary. an
John l. Copeland. assistant cashier.
Institute Dinner Tonight.
Harold Etonier. national educationi
director Of the American Institute &
/ Banking arrived IN the CITY DoaJ 10 az
tend tonight's dinner IN honor OF Tn
faculty Of Washington Chapter at Tn
Raleigh He viii be the leading speakel
About 30 guests WIlI attend. In ADA
ton u the faculty the guests are 10 IN
clildc the chapter officers, board OF goy
efnofs. consuls, aud others. James
tsoper, cashier of the Lincoln nations
Bank, presides as he Is the ciaifIna
Of the local educational committee,
The visit of Director Stonler hh
aroused wide interest, lie Ii bfiiiiaf
young man. graduate 81 The uniVefslt
q California. graduate student Il
Columbia, and for several years wa
| connected with the school u bushes
administration III the Universally &
| Southern California
Local Bond Market Active.
Bonds were netiYe IN lively tfadin
| on the local Stock Exchange ioda'
| The most popular issue was Washing
| ION Railway NJ Electric general 81. nv
! sales taking place ~ 1904 and y
/ Das IL, series 4 were hfilVe at 100 !,