Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-01-17
BANKERS WEIGHING
BORROWER DATA
Harley P. Wilson Is Added to
Board of National Saw
ings and Trust.
BY EDWARD C. STONE.

| the NatiUIldl 0eCuiity O. 1lust w. IA
yesterday, and session OF the Distri
| Bankers Association last night formt
| the highlights in the local financial di
trict today.
The first two trust companies meI
| toned reelected their present boar(
of directors while National Savings
Trust added Harley p. Wilson to the d
rectorate to fill the vacancy caused
| the death of William E. Edmonstol
National Savings employees today n
| ceived checks covering Is per cent
their salaries for the year voted as e,
ira compensation by the directors.
At the Bankers Association meetir
the most important action taken relate
to the obtaining of additional informs
ton regarding the financial conditio
of bank borrowers. In the past some
these reports have been so vague thf
they were of little value and 1t is
remedy this situation that the banl
will turn their attention in the near II
ture.
Fine Year for American Security.
President Charles ]. Bell in his ar
nual report to the American Securl'
g. Trust Co. stockholders said 1t ha
been the best year the Institution ma
enioyed in its So years existence. Gro:
income was 81 ,63l,l62 leaving after a
deductions net profit of S698.26l, or
return of 0.537 per cent on the capita
Of the net earnings $4,000. or Is pc
cent on the capital. was distributed
dividends and Sl88,262 added to un
divided profits. -,
The following were elected by tn
stockholders as directors OF the colnpan
for 1928: C.. A. Aspinwall, Charles .
Bell. Harry K. Boss, George w. Browi
William NJ. Coates, William S. Corp.
William w. Everett. William j. Flatne
ir.;M. G. Gibbs, Cary T. Grayson, jaime
M. Green, Gilbert H. GroSvenor, J: +
Hermann, James F. Hood, Joseph Lei
ter, G. Percy McGlue, Edward b. NC
Lean. Howard Moran, Clarence F. Nor
ment, Newbold Moves, Howard S. Rec
side, B. F. Saul, William E. Shannon
James F. Shea, Charles A. Spaldini
Ccrcoran Thorn and John F. wilkins
Organization and election of officer
for the coming year was to take plae
this afternoon.
Munsey Reflects Same Directors.
According to C. H. Pope. vice presi
dent of the Munsey Trust Co., the In
stitution has experienced an exceiler
year. At todays annual meeting thes
directors were again placed IN ONCE:
William T. DewarJ, Charles Denb!
c. T. Dixon, Charles B. Hawley, j. +
Hines, G. r. Hodges, jr.;; Arthur {
Lambert, Wilton j. Lambert, G.. +
Pope, C. D. Radcliffe, Franz Schneider
jr.; Alfred p. Thorn, jr.; r. H. Tither
ington, Fred A. Walker, A. Il. watson
r. c. Willis and r. Fl. Yeatman.
Following the election OF Director
the following officers were chosen 10
the ensuing year: william T. Dewar
president; Wilton j: Lambert, VIC
president and general counsel; c. I
Pope, vice president and treasurer; {
D. Ratcliffe, vice president and as
sistant treasurer; r. C. Willis. secretar
and assistant treasurer. and p. j. Nc
Mahon, assistant treasurer.
National Security Elects Wilson.
The only change in the board Of di
rectors of the National Savings e. Tr,ls
Co. at yesterdays meeting OF the stock
holders was the election OF Harley
Wilson. Mr.. Wilson has large utilit
interests and is director in the Wash
ington Rapid Transit Co.. washington
Railway 81 Electric Co. and the Poto
mac Electric Power Co. The complet
james j. Becker, Woodbury. Blair
William A Fl. Church. Walter c
Clephane, Fl. Rozier DuIany. jr.: Frank
lin Fl. Ellis, II. Prescott Galley, VII
liam d. Hoover. Walter B. Howe. Regi
maid S. Huidekoper. Victor Kaufman
Edmund D. Rheem, Frank Stetson
Frank w. Stone. William Fl. Walker
William 3. Willard and Harley p. VII
son.
The directors organized for the yea
by elect!ng these officers: William {
Hoover, president: Woodbury. Blair, frs
vice president: Frank w. Stone. secon'
vice president: Frank StetSon, trust Off
Ger; Charles c. Lamborn, treasurer: Z
Perciyal Wilson, secretary: Frank r
Ullmer. assistant treasurer: Bruc
Baird, assistant trust officer; David Dor
net. assistant trust officer: John W
Calvert, assistant treasurer; w. lille
Pardoe, assistant treasurer; A. j. FAINT
assistant secretary: John M. BOTTLES
assistant secretary. and Audiey a. T
Savage, auditor.
President Hoover reported that tn
company was in excellent condition AM
that 1927 proved TO be the best yea
in Its history.
Bankers Make Important Move.
The first night business meeting O
the District Bankers Association prove
a complete success About $50 member
gathered al the Willard. President W
W. Epaid was In the chair.
The most important action taken wa
the passage OF a resolution aimed :
obtain more definite information fror
corporations and individuals who ar
constantly borrowing from the bank
The information now being furnished
IL lis held does not go far enough.
Many bank clients make reports o
their total assets and their Iiabilitit
and include some other facts, But tn
data does not tell the banker whf
profits or losses have been shown dun
Ing the year. The banks want the prof
Information. II losses have been suifere
the banks want know the reason
Operating statements In addition 10 tf
financial statements are 10 be request
ed and IT is believed the data on opera
tons viii greatly simplify the problem
connected with making loans.
La substance, without attempting
quote the exact wording, the resointio
said:
"Resoiyed. That the members Of Tn
association request operating Interest
in addition 10 financial statements iroi
their borrowers, and that the commit
tee on standardized banking forms cor
sider The preparation OF operating statt
ynents suited To the various classes
business"
A resolution also was adopted extend
ing the members sympathy 10 Maurif
ID. Rosenberg. president of the Bank {
Commerce II Savings, In c0nnectU
with his recent bereavement.
Local Market Session Lively.
Trading was very active on the Wasf
ingt)n ED0ck Exchange today, People
Drug Stores preferred leading the NAL
ket Eighty shares changed hands dsil
| Ing the session. ~ opened al i22 an
! closed at i2i. Federal American q
common sold up u 80. Other fecet
| leaders we're strong, Bonds ais6 wei
, up ~ recent .sgels.
/ Haynes on LAS Directorate.
! At the regular mesting Of the boar
! ~ directors III the Georgetown f.s
Light Go. yesterday, Harry v Iiayne