The Washington times., 1928-03-30
PUBLIC INVITED
I D VISIT
BANK
By RICHARD HATTON

4udEBSES anu tie SfGCIiOA OI 81 ~
story addition to the building Of che
Washington Loan and Trust Com.
pany at Ninth and r Streets have
been completed and the company
will throw its offices open for in
spection by the public tomorrow
from / o'clock until 8 in the eve
ming.
The work has been in progress
since early in the fall Of 1925 with.
out interruption to the regular
course OF business. It's completion
is q source Of satisfaction to the Of
ficers and directors Of the company,
who now believe hat they have UNI
exceIIed facilities for the transaction
OF business.
No formal invitations have been
sent out and the officers desire their
friends to look upon the occasion
as an informal opportunity to see
what has been accomplished.
The present officers and directors
Of the company are:
John B. Larnec, president; An.
drew Parker and Harry G.. Meem,
vice presidents; Arthur Peter, vice
president and general counsel;
Charles Fl. Doing, vice president in
charge Of branch; Charles r. Grant,
tLIGdSuTSE, WIlndu1 11s Dc0SIIp bku6b
officer; Alfred II. Lawson, real es-
tate officer: James M. Mason,
George M. Fisher and Herbert NJ.
Primm, assistant treasurers; Leon
ard Marbury, assistant trust officer.
The following are directors: John
Joy Edison, chairman Of the board, and
John III. Clapp, Frederick v. Coville,
Augustus Crane, Floyd e. Davis,
James r. Ellerson, jr., L. Whiting
Estes, Albert r. Fox, Elliot III. Good
win, Melville B. Grosvenor, Hol-
Scombe g. johnson, John A. John
ston, S. II. Kaufman, Carl B.
Keferstein, George A. King, J. Leo
Kolb, John B. Larner, John c. Let's,
Harry G.. Meem, Theodore w. Noyes,
Andrew Parker, Walter S. Penficld,
Arthur Peter, Harvey w. Wiley and
Donald woodward.
New Office Opens
e. D. Hathaway, who has been
made manager OF the consolidated
offices Of the Remington-Rand Bust
ness Service, Inc, has opened the
new offices for public inspection
for the next month. The offices
are located at 1106 g st. N. W.,
and the firms in the consolida-
tiom include the Remington Type
writer Company, Dalton Adding
Machine Company, Powers TaPu.
Iating Machine Company, Rand
Kardex Company, Kalamazoo Loose
Leaf Company and the Safe Cab
met Company. The combined firms
have taken the entire g Street
building, consisting Of four floors
and basement.
A few more names were added
yesterday to the list of Wash
ington bankers who will attend
the savings conference at Rich
mond. They are: Robert v. Flenn-
ing, Lanier p, McLachleIl. Francis
q. Addison, jr.; Victor B. Deyber
and w. Reginald Lewis. Washing.
ton bankers who are on the pro-
gram are: John Poole, Eliot Fl.
Thomson and Frederick p. II. Sid
dons.
The board of directors OF the
National Metropolitan Bank have
declared the regular semiannual
dividend of 5 per cent payable |
on April Is. Books will be closed
from April s to Is, inclusive.
Drawn for Retirement
j. p. Morgan ana Company and |
the National City Bank of New |
York, as fiscal agents, have no.
titled holders of Government Of |
the Argentine Nation external sink. |
ing fund per cent gold bonds,
due May, /. 1860, that $106, 500 |
principal amount Of these bonds |
has been drawn for retirement |
on May 1 next at par and &C.
crued interest.
The outlook is for comparatively |
stable money until late spring, after
which time, barring gold exports, the I
effect Of which, IL made, might be |
offset by Federal Reserve Bank |
transaction tho usual seasonal re- |
taxation in rates may be expected to |
take place, states the monthly jour-
nal OF the National Bank of Com
merce. of New York. which contin-
ues:
THE excellent statement by
Gov. Roy A. Young, Of the Federal
Reserve Board, before the Senate
Banking and Currency Committee
on the subject Of brokers' loans has
been done much to clarity the con-
fusion which has heretofore pre-
vailed in some quarters with regard
to their significance. Among other
things he expressed his disbelief that
the use Of credit for speculative pur.
poses has withheld needed credit
from agriculture, industry or COM