Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-07-02

street. The bank
has been fitted with the very latest
counter arrangements, the furniture Is
all new, the Offices are excelently sit
uated. while the ventilation and light
ing is equally satisfactory. The new
safe deposit vault is much larger than
the one formerly used In fact. every
thing has been done to aid in the more
expeditions carrying on Of the bank
ing business.
The decorations are In keeping with
the other innovations. every feature OF
the new banking rooms drawing hearty
CONGRATULATIONS for the officers today
The banks official family at present
consists of Julius I. PeySer. president:
Fred Mckee and Francis c. Addison,
vice presidents; Samuel r. Baulsir.
cashier; #. Hunton Leith, J. Louis
Shipley. Iatrobe Owen and Charles X,
West. assistant cashiers; J. William
Roberts, branch manager: directors
Francis G.. Addison, jr.: Edward c.
Baltz, Dion S. Birney, Francis A. Blum
don, Diller r. Croft, Benjamin Fl. CRU
yer. Franklin w. Harper. John B.
Harrell. j. Thilman Hendrick. Sol Her.
2og. William A. Hill George II. Judd.
Harold H Levi. Fred Mckee. Ralph
Mckee, Laurence Mills. Charles w
Morris, Col Julius l. Peyser. Morris
Simon. William w. Spalding. Judge
Milton Strasburger Sidney w. Straus
and William G. Sullivan
Local Credit Demands Increase.
Credit demands at the Federal Re-
serve Bank o. Richmond and at member
banks rose last month, contrary to sea-
Sonal trend, chiefly due to late farming
work and to increased loans by men,
Der banks on miscellaneous stocks and
bonds. the fifth district bank stated
today.
Loans for commercial purposes de-
lined seasonally between the middle of
May and the middle of June. it was
said. Debts to individual accounts at
clearing house banks In the districts
leading cities were seaSonally lower dur
ing the four weeks ending June Is than
during the preceding period ending May
l6. but were higher than debts during
the four weeks ended June IS, 1927.
Continuing. the bank said; Business
failures in both the district and the
Nation in May were more numerous
than in either April, 1923, or May. 1927.
but aggregate liabilities involved in last
months tnsolvencies compared favorably
with other recent months, Labor con-
ditions continued 10 improve in May and
=
idle workers in the district"
Acacia Reports Substantial Gains.
Substantial increases in business for
1923 as compared with the preceding
year are reported for the Acacia Mutual
Life Association by William Montgom-
cry, president.
Premiums collected for the period
January to May, 1928. totaled $685.
1922, in comparison with s.. 9SS, S08. IS
for the corresponding period of 1927
This is an increase of Is per cent.
Business in force June /. this year,
aggregated S279, 501,551. which is a
sharp gain over the S24l.562. 200 on
that date a year ago. New business
for the first five months of the current
year amounted to SGT 800, 900.
OF the Sl.99i 1925 in mortgage
loans made to date. during 1928. 1898. =
600 of them we're made in Washing
ton and vicinity
Banker Is Elected Treasurer.
Frank Stetson. trust officer of the Ma
tional Savings 81 Trust Co. has been
elected treasurer and one of the trustees
of the Washington City Orphan Asylum
He succeeds as treasurer the late Will
liam f, EdmonSton, who served in that
capacity for great many years and
was widely known as president of the
Real Estate and Columbia Title Insur-
ance Cos.
Mr., Stetson also has Just been named
as vice chairman of the law and legis-
lation committee of the District Bank
ers' Association.
Harper Back from Convention.
President Robert N. Harper of the
District National Bank was back at his
desk today from the Democratic ma
tional convention at Houston. The
Washington banker made the trip with
the Pennsylvania delegation, many of
whom had iourneyed with him eight
years ago to the San Francisco con-
vention, He is most enthusiastic over
the trip. especially so since the candi-
date he favors heads the ticket
Representative Agency Appointed.
The Bankers National Life Insurance
Co. Of Jersey City has named the In
terState Bond Insurance Agency in the
Colorado Building as its representative
In the District and contiguous territory
in Maryland and Virginia. The officers
of the agency are Col. Joseph F. RAN
dali. president; Howard p Foley. vice
president, and f, G. Lorenz, secretary
and treasurer.
Six Months CIearings Compared.
June bank clearings in Washington
totaled Sl26 $50, $50 SO, compared with