Evening star., 1928-02-16
WOULD ADDSTOCKS
/ TO TRUST FUNDS
Economist Tells Bankers to
! Try New Step-CapitaI
M Traction at 116 1-8.
BY EDWARD c. STONE.

Claiming that real income is con-
served by investing in diversified list
Of stocks. more than in bonds. James
G. Smith. a Princeton University econ
cnist. told the trust conference in New
York yesterday that trustees OF estates
should give this matter more considera-
tion. He also declared that any needed
changes IN laws to permit this Wlder
range in investments should be made
n; once. He realized that such plan
would meet strong opposition. but IN
sisted that wide list OF stocks we're
less speculative than bonds. Changing
nrsce levels and the value Of the dollar
will determine how many stocks to
carry along with the bonds. the econ
oniist asserted.
Gwiiym A. Price trust officer OF the
PEOPLES Savings & Trust Co. Pitts
hurgh, told how his bank had been CO.
operating With insurance agents In
creating and handling trust funds. I'm
Gerwrlters who were members OF the
Pittsburgh Life Underwriters ASsocia-
ton were given the opportunity TO learn
o: trusts through an evening school
conducted by the trust company.
J. NJ. Broughton. counsel OF the Wa
chovia Bank e. Trust Co.. Raleigh. N.
c.. stressed the Importance Of dignity
IN the execution of wills and outlined
legal points to be observed when a
customer IS executing will.
Capital Traction Jumps to 1l6's.
Capital Traction furnished a sur
prise on the Washington Stock En-
change today when it scored triple
high" Twenty shares opened at 1854.
the next so sold at ll6, and 10 more
changed hands at ll6ls. the highest
price reached in the stock in more than
Q year. Washington Railway & Elec-
tic was also strong. selling at l03. the
strength in both issues being attributed
to the present merger negotiations.
Other stocks were also firm. Ten
shares of Bank of Commerce g. Saw
tngs came out at $50. Potomac Power
So per cent preferred stood at l07la.
Sand & Gravel moved at 1857. Sani-
tary at the same figures. and Wash
ineton Gas at S8i4. Barker g. Ross
sold at 32is. and 100 shares of Ma
tional Mortgage & Investment pre-
ferred at 5l2. ..-
Peyser Again Heads Local Concern.
At special meeting of the board of
directors Of the Bankers Consolidated
Corporation of the District of Columbia.
held yesterday at the ofices of the
company in the Investment Building.
the following officers were elected to
serve for the ensuing year:
Julius l. Peyser. president: Fred Nc
Kee. vice president and trust officer;
BENJAMIN F. Adams. treasurer: Milton
Strasburger. counsel: Jerome P. Fried
lander, secretary. and George E. Edelin,.
attorney.
Members of the advisory council. to
serve with the above officers. were
elec:ed as follows: Francis G. Addison,
t-.: Leo Baum. Diller F. Croft. George
H Judd. Laurence Mills, william c.
Sullivan. Jesse Adkins. David L. Frank.
Sol Herzog. Arthur D. Marks, Sidney
W Straus and Adolph Weyl.
Two Promotions at Continental.
Al the regular meeting of the board
Of directors of the Continental Trust
Co. Nathan B. Scott. ID. was elected &c
the position of assistant treasurer. M
Scott was formerly note teller of the
trust company. and has had much ex-
per1ence as young banker.
At the same time. Mrs. Marjorie l.
Tucker was promoted to the position
Of assistant secretary Mrs. Tucker has
been with the Continental Trust prac-
ticaiy since its opening day. and is
regarded as one Of its most capable en-
plcyes.
Insurance Officers Reelected.
a: the annual meeting of the board
Of trustees of the Mutual Investment
Fire Insurance Co. the following were
reelected officers: Vincent L. Toomey.
president: N. Frank Rupert. vice pres
-srT,, n -
Horace L. Beall. secretary
The trustees reelected were: Horace
L. Eeal. Franklin p Nash. Vernon O.
Oven. Vincent L. Tooney and Melvin
c. Wertz. Harry L. Kaufman. depart
n1ent store owner, was elected TO the
board.
The annual report showed substantial
growth and progress
Boom Lefth for National Post.
Washington Chapter, A. I. g.. at a
meeting last evening voted 20 put In
nomination the name OF T. Hunton
Leith. assistant cashier Of the Security
Savings 4, Commercial Bank. for a
: place On the executive council Of the
national association. Mr. Leith has done
brilliant work for the local chapter.
He is past president. has served on
the most important committees. attend
&C several national conventions. and Is
one Of the most enthusiastic members Of
the banking institute anywhere In the
country. Ay. 'Leiih has already been
connected with the national organiza-
ton as member o! forum committee.
Cleaned In Financial District.
There viii oe q meeting Of the stock
holders Of the Old Dutch Market next
Monday At IL O'Clock al the Raleigh. ac-
eording 10 announcement by the secre-
tsry, Pe.e A Wilmer
The North American CO. expects 10
MAKE its annual report a. the end Of
the week. showing the largest gross
snc balance for common stuck in the
con2psny's history.
Austin e. Waiter ~ the Interna-
tlorsl Bank Is member of the COM
n13ttEe arranging for the observance
Of me seventy sixth anniversary Of the
Pm! Kappa Psi nations! fraternity
rn>ch ,akes piace ~ the University
Club next Monday evening.
Earnings of the bank stock Of Mary
land Corpoyation. for the month o!
January. Il WAS announced yesterday
were &2z. $50 %, more than four times
the c3Ytcencs payable on preferred
eNck
Harry Y Haynes. Cofooran Thorn
end J.. T. Elccle are among the Itsal
bankers attending the trust co'ifer-