The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1928-01-06
XMAS SAVINGS
MOUNT
BY RICHARD HATTON

the number Of Christmas savings
accounts already opened in Wash.
ington banks carrying this form
OF savings, the large total, some-
thing around $6.0O0.000. accunu-
lated last year by thrifty Wash
ingtonians, will be exceeded when
the checks for 1928 are dispersed
near the end Of the present year.
One large bank states that its ac'
counts are 10 per cent greater
than at this time last year and
other institutions report gen
eral increase in the number and
amounts of Christmas savings &C.
counts opened. There is still con.
siderable time in which this form
OF account may be opened. and
it Is estimated that the figures
for last year will be greatly ex-
ceeded by the time the last dav
for starting q savings account
arrives.
Good Investments
Many local investment houses
Just now are offering especially
attractive securities and there j..
at the same time. a. good demand
here for l1igh-class investment.
Money il plentiful. according to
financial experts, and demand i
about equal to the supply. #
is stated that Washington capital
can find profitable employment IN
many stocks and bonds offered
by local houses and that there
is more than the usual activity
among this class OF securities.
While some time must elapse De-
fore members Of the District Of Co
lumbia Bankers Association begin 70
think seriously OF making reserYa'
tons for the annual convention %
be held next June. there is, ALREADY,
noticeable the stirring OF preconvsn-
ton interest among members of tne
association and II is expected that
some important announcemenrs ~
regard to the next gathering VIII
be made in the near future.
The Commercial National Bank
will report in response to the pres.
ent call of the COMPTROLLER az o.
December 81. 1927. deposits OF $15..
IUHRIH1sU1s which - ssANSS-~--
gain OF $942,249 over the amount
ranortad on December 81. 1926.
Adolph A. Hoehling, who recently
resigned al associate justice OF the
District of Columbia Supreme Court
has been elected vice president and
General counsel of the Metropolitan
National Bank. Mr.. Hoehling. who
was the first trust officer of tbs
National Metropolitan Bank, was
also made q director OF the 1nsu
tuition.
Justice Hoehling was born ~
philadelphia on November 3, 1857
and came to Washington in nj
early boyhood when his father, 2
medical director in the United States
NAVY. established his home here
He attended Troy Polytechnic. nov
Van Rensselaer, Institute, ana Le
high University, later studying iaN
at Columbian University, now Georgs
washington Law School, and grad
uating with the degree Of master
OF laws in 1890. was admitted e
the bar in the same year.
Associated with the law firm %
ShelIabarger and Wilson until lne
death of the partners, he practicee
under his own name until 1913
when he formed the law firm O
Hoehling. Peele & Ogilby, continu
ing the practice in the same offices
in which he started his career. IL
was president OF the District o
Columbia Bar Association.
Employees Of the investment bank
ing firm of Y. e. Booker & Co
were jubilant yesterday when eacl
| received a check equivalent to 8,
| per cent of his annual salary
| These checks represent the amoun
| due each employe under the profit
sharing plan put into effect by thu
firm shortly after 1t was estab
/ lished in 1926.
The plan is an unusually liberia
one. Approximately IS per cent o
all earnings, above an amoun
| equivalent to a modest salary tol
| the members OF the firm, is dis
tributed to the employees at the enc
| Of each calendar year. The proper
ton of the profits which each EN-
| ploye receives is governed by hi
annual salary.
The following directors have beer
reelected to the board of the Mer
chants Bank and Trust Company
Harry r. Allen. Ray H. Arnold
Noble r. Barnes. j. M. Biddle
Rolph r. Boiling. Harry r. Car
roll. Peter M. Dorsch. Peter A
Drury. Mark f. Finley, Ernes
Gerstenberg, Frank E. Ghiselli
Frank p. Hartman. ir.: HOLLAND
w. jerks, r. L. Lamb, Walter
A. McNichol, r. c. Marshall. jr.
J. Ernest Mitchell, c. C. Murray, AL
vim l.. Newmyer, Frank O'Hara
Joseph A. Rafferty,. Roland s
Robbins. l.. E. Schreiner, j. L
Sherwood. Lewis M. Thayer, A. G
Waller and John Zanier. William
e. Leahy was elected to the board
to fill the vacancy caused by the
death of William Henry White.
Other Officers
B. Ashley Leaven was elected
trust officer and Frank p. Har
man. ir., was made secretary in
addition to carrying on the duties
of vice president. The other OF
ficers elected were: Peter A. Dru
ry. president; Rolfe e. Boiling, Frank
p. Hartman, jr., and Frank T.. Ghl'
selIi, vice presidents; III. ]. Dono
ghue. treasurer: Ralphe M. Wolfe
auditor. and Wade II. Ellis, coun'
sci Officers re-eIecCed WHO al
at the branch offices were Luther
E. Schreiner, vice president. and
w. G. Baden and Henry S. Wat
ties. assistant treasurers. Dupont
branch: J. l.. Sherwood. vice pres
ident. and w. Clarke Vernons. as
sistant treasurer, Brookland branch;
Ernest Gerstenberg. vice president
Pennsylvania Avenue and Tween
tieth St. N. w. branch.
William v. Freeman has become