The Washington times., 1928-01-17
LOCAL BANKERS
IN MEETING
BY RICHARD HATToN

Hotel last night, this being the
third of the four general meetings
Of the year. Holding the meeting
in the evening and at a place
other than In the rooms OF the
association was an innovation the
reason tor which. as stated yester'
day by President w. w. Spaid. was
because it had been found that
not sufficient time was permitted
for discussion Of many important
matters when the sessions were
held in the afternoon in the associa.
ton rooms after business hours.
The fact that last evenings meet
ing was one of the largest In at
tendance indicated the wisdom OF
the change.
While set reports were not the
order of business, several commit
tee chairmen brought up matters
pertaining to the work OF their
committees which were discussed
in a general way. Preliminary dis.
cussion regarding the next annual
convention to be held in June was
also INDUCED in. About $50 bank
ers attended the meeting which
was called to order by President
Spaid at o'clock.
Annual Meeting
The annual meeting Of the stock
holders of the National Savings
and Trust Company was held ~
the company's building at Fifteenth
ST. and New York Ave. ~. ""
Yesterday afternoon.
The president reported the com.
pany TO be in excellent condition
and to have had its most pros
porous year in 1927.
The following directors Were
elected: James j. Becker, woodbury.
Blair. William "A. III. Churcn, war
ter G. Clephane, II. Rozier Dulany.
ir., Franklin III. Ellis, n. PrescoII
Galley. William D. Hoover. Wauer
B. Howe, Reginald p. Huidekoper'
Victor Kaufman. Edmund ~.
Rheem, Frank Stetson, Frank w.
stone, William I'll. Walker. Wliham
z. Willard and Harley =. wilson !.
The only changes in the Doaro q
directors was the election OF Mr.
Harley p. Wilson to ill the vacancy
caused by the recent death OF MT
William e. EdmonstoTl. Mr.. WI.
son has large local interests, ana y
! director OF the Washington RAPID
Transit Company, the washington
Railway ant Electric Company ana
the Potop,ac Electric Power Com.
pany. -.
holders, the new board Of directors
convened and elected the following
officers: William y. Hoover. presl.
dent: woodbury. Blair, first vice
president; Frank w. Stone, seconu
vice president; Frank Stetsoni trust
officer; Charles G. Lamborn, treas
urer; q. Percival Wilson, secretary;
Frank r. Ullmer, assistant treas.
urer; Bruc Baird, assistant trust
officer; David Bornet, assistant
trust officer; John w. Calvert as
sistant treasurer; w. Hiles Pardoe,
assistant treasurer; A. j. FAINT, as
sistant secretary; John M. Bo1sier'
assistant secretary, and Auoley a.
p. Savage, auditor.
w. w. Spaid. president OF the
District OF Columbia Bankers Asso'
citation, has named the following
committee to consider the ques'
ton of further cooperation DetWeen
local banks in connection with the
Christnag savings clubs: Robert v.
Fleming, president Riggs Nauonal
Bank. chairman; Francis @. Add
son. vice president Security Savings
and Commercial Bank; Howard Mo-
ran. vice president American Sc.
curity and Trust Company, ana
John M. Riordon, executive vice
president Bank Of Commerce and
Savings.
Named President
Major e. Brook Lee has been
elected president of the Silver
Spring National Bank.
The officers and directors of the
Commercial National Bank will en-.
terrain the bank family" at a
dance at the Mayflower Hotel on
January 81.
President Harry V. Haynes of the
Farmers and Mechanics National
Bank. and w. w. Spaid of VIM. B.
Hibbs & Co., president of the Dis
trict Of Columbia Bankers Associa-
ton, have returned from New York
where they attended the dinner Of
the out -of.town section Of the As5o-
citation of Stock Exchange Firms
The Right Rev. James q. Free
man, Bishop Of Washington. and
Representative Arthur Free of Cal
ifornia will address the opening
meeting OF Thrift Week. which will
be held at Keith's Theater at noon
today, which is the 222d anniver-
sary OF the birth of Benjamin
Franklin.
The annual meeting of the
stockholders of the American Sc.
curity and Trust Company will be
held this afternoon.
The following have been elected
officers Of the Raleigh Hotel Com
pany: e. j. Stellwagon, chairman
of the board: Frank T. Henry. pres.
ident: William L. Miller. vice pres
ident; e. l.. Hillyer, secretary. and
w. J. Father, treasurer. Preced"
ing the election Of officers the fol-
lowing directors were re-elected: Ed
ward J. Stellwagen, Walter s. Har-
ben, Joseph H. Bryan. Edward L.
Hillyer, James B. Lambie, George
E. Hamilton and William j.
Father.
Family budget books will be
available at most Of the local banks
during Thrift Week which began
yesterday. Financial institutions
are cooperating with other bust
ness houses and the Y. M. G. "A.
in the Thrift Week campaign.