The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1928-02-17
900 To ATTEND
| BANK BANQUET
By ORCHARD HATTON

largest attendance ever ASSVa
> for an event Of this kind gwen
by the local organization ana 's'
possibly, the largest banquet ever
STAGED by the A.. l. B. in any city.
Miss Mabel v. Royce. chairman
) of the women's committee OF the
Washington chapter, announced yes
4erday that among the bank women
from out of town who will be
present at the banquet are: Miss
Minerva Dean, of the Pittsburgh
chapter; Miss Hazel Foster, or the
Baltimore chapter; Miss Ethel Nor
ris. OF the Baltimore chapter; Miss
Anne Leslie. Of the Philadelphia
} chapter: Miss Jane Willett, OF the
PHILADELPHIA chapter; Mrs. Ollie
Gentry. Of the Richmond chapter,
and Miss Marjory Todd, OF the
!, New York chapter.
Plans for Women.
The ort-of-town bank women win
ebe the guests of the women'E
committee of the Washington chap
ter at a breakfast at the Willard
on Sunday morning and will be
taken on a sightseeing trip about
the city by members of Miss Royce
committees.
! The banquet of the Richmol. "a
chapter of the institute win be
held next Tuesday evening, and
the following women of the Wash
angton chapter will attend: Miss
Catherine Kreig, Of the Riggs Ma.
tional Bank; Miss Lois White, of
he Federal-An.erican National
Bank, and Miss Mabel ". Royce,
OF the Washington Loan and Trust
Company.
At the regular meeting of the
board of directors OF the Continental
Trust Company Nathan B. Scott
End was elected to the position Of
assistant treasurer. Mr.. Scott was
formerly note teller. of the Trust
Company and has had much expert
eIlce as yonng banker.
At the same time, Mrs. Marjorie
; I. Tucker was promoted to the posi-.
ton Of assistant secretary. Mrs.
Tucker has been with the Continen.
tai Trust Company practically since
its opening day and is regarded as
enc Of its most capable employees.
Peyser Elected.
At q special meeting of the board
q directors OF the Bankers Consoli-
dated Corporation of the District OF
Columbia, at the offices Of the com,
pany In the Investment Building,
the following officers were elected
to serve for the ensuing year: Julius
! I. Peyser. president; Fred Mckee,
vice president and trust officer; Ben
janain r. Adams, treasurer: Milton
D Strasbfirgers couneels Jerome r..
Triedlander, secretary and George
Z. Edelin,, attorney.
Members or the advisory council,
- oA..xS1 In
above officers. were elected az fol.
lows: Francis O.. Addison, jr., Leo
Baum, DiIler r.. Croft, George FL.
Judd. Laurence Mills, William G.
Sullivan. Jesse Adkins. David L.
Frank. Sol Herzug. Arthur d.
Marks, Sidney w. Straus and
.Adolph Weyl.
Data and figures of more than
usual interest were given in an
address by Walters C. Lucas, presi.
dent OF the Trust Company Di.
vision OF the American Bankers
2 Association at the annual banquet
held Id New York last night.
among other things President Lucas
pointed out that American trust
companies now have resources OF
over twenty billion dollars, an in.
crease OF per cent in the last
4 "
years ago. Ten years ago there
, trust companies. In 1927 there
were 1854 such companies in this
country.
Mere Personal Trusts.
j. '.Just as the corporation proved
to be far superior to the partner.
ship as 4 means for doing bust
eness," said Mr.. Lucas. so is the
corporate executor replacing the
individual in the business of set
Ting and administering estates. A
national survey just completed by
the Trust Company Division of
the American Bankers Association
/ shows that there has been a 374
per cent increase within the past
: four years in this field of personal
trusts The number of times that
trust companies and banks were
= named as executor or trustee under
wills during 1927 was Az times
as great as in 1923. So it may
Abe said that this movement lie
progressing impressively; yet nothing
approaching the real possibilities
in volume of personal trusts has
yet been attained"
The First National Company, Of
Baltimore, with local offices in the
I Barr Building in charge of Colone
G. w. Pratt, and of which Colone
Wade Fl. Cooper, president of thu
Continental Trust Company, is 4;
director, is offering 100000 frs
mortgage collateral trust 51a pc
cent bonds, series 60" These bond
ARE the direct obligation of tn
First National Company, of BaIti
more, Md, and are secured by al
indenture of trust between the FRS
National Company and the Balti
more Trust Company, Of Baltimore
Md, as trustee. The First Nationa
Company has capital and surplus q
S2.344,943.9s and total resources o
$685. 3.7J, as shown by its bal
1 ance sheet dated December 81.
The bonds are further secured
> par for par, by deposit with an
assignment to the trustee of guar
anteed real estate first mortgages
guaranteed real estate first mori
gage bonds, as provided in the ir
denture Of trust, United States Coy
eminent securities or cash. TIL
first mortgages or first mortgag
bonds thus deposited with tn
trustee represent not more than
per cent Of the value Of the unde
lying real estate, as established
! independent appraisers.
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