The Washington times., 1928-01-19
NORRIS BAN
ELECTS
b RICHARD HATFOlN.

- NAS4NANsAAt IA tAAGE VAIN GAAA0 <AA NAAese
7. Morris. founder Of the Morris
Plan institutions, was named chair
man Of the board. Mr.. Chester
man. who has been executive vict
president Of the Morris Plan Bank
succeeds Wallace D. Mclean, 4
former Washingtonian who re
signed his executive position here
On account of his business &C
tivitiss in Nsw York requiring his
fnll attention. The board Of al.
rectors was reelected IN It's en.
firsty and j. II. walker. pres.
ident of the Morris Plan Corpora.
ton Of America. was added to tht
board
Mr.. Chesterman, who has been
in executive charge of 1the bank
Tor some time. began his career
IS newspaper man. He was
dramatic critic on the Richmond
Times-D Dispatch and later became
connected with the fiscal depart
nnent Of the corporation commits
sion Of the State Of Virginia. where
he was assigned to allalyztng finan.
eial statements Of State banks.
Mr. Chesterman made for the
State corporation commission q
complete survey Of banking statutes
OF all OF the States Of the Union and
many foreign countries, also, conse-
nuenfly he .wae instrumental in hav-
ing adopted d statute for the crea-
ffon 81 4. separate bureau to have
SUPERVISION over state banks IN
Virginia. He also drafted q sub
atafafial portion OF the existing
Banking laws Of Virginia and served
Is state bank examiner IN that
State for seven years. During
the war he was drafted by the
Government to be q national bank
examiner, working first In New
Jersey ana Connecticut and later
II New York.
Executive in 1925
III 1919 Mr.. Chesterman resigned
his commission a. national bank
examiner and became manager OF
the departFneIlt Of operations Of the
Industrial Finance Corporation. In
1920 he was sent ID Boston as vice
president and general manager OF
the Boston Morris Plan Company.
returning 10 New 1OElA III 4O9t ~
become comptroller OF the Indus
trial Finance Corporation. He was
appointed executive vice president
Of the Morris Plan Bank Of Wash
ington III 1925. Since making his
homo IN washington Mr.. Chester
man has associated himself In 4
variety of ways with the financial
and social life OF the District. He
iasa member Of the Board Of Trade
cf which he II d member Of the
committee on municipal finances
and the COMMITTEES on charities and
corrections; member Of American
Bankers Association, District Of CO.
Iumbia Bankers Association. Ma
t0nal Press Club, and Sons of the
American Revolution.
Il. III. Charles 4 Co., who re-
Gently opened offices at 1924 K st.
NJ W.. while q new firm in the
local field ID thoroughly equipped
By experience and contact for in
westment service in Washington.
y. III. Charles, formerly manager
Of the mortgage department OF Nc
Keever a Goss, states that his firm
will specialize In residential and
business property financing. with
departments for the management
WLt4 EE14G8 OA GASLEE(AO4G REORC1NAG0s
The insurance department. Of the
new organfzat ton viii represent the
Hartford Accident and Indemnity
Company and the New York Under
writer's Insurance Company.
The Home Life Insurance Com.
pany has announced the appoint.
ment OF johnson and Higgins as
general agents. Because OF the ex-
tent Of their operations, both az
to size and territory, this appoint
naent is made in conjunction with
the Prudential insurance Company
OF America who IL also making a
general agency contract with them.
johnson and Higgins have a ma.
fion-wide organization with branch
offices in II cities.
StOnier Dinner Speaker
Harold Stonier, national educa.
fiona1 director Of the American In.
nal speaker at the, dinner given at
the Raleigh Hotel last night by the
Washington chapter, A I. B., In hon
or Of its FACULTY. About so attended
ths dinner including chapter Off.
Gers, board Of governors, faculty
ana others. James A. Soper, cash.
fer of the Lincoln National Bank,
presided.
THE following were reelected d.
sectors Of the Mt. Vernon Savings
Hank at the annual meeting:
James I'll. Baden, Albert J. Berras,
g. M, Bugniazet, =. G. Dawson, r.
Golden Donaldson, Charles p. Ford,
Harry n. Hahn, Fred Hewitt, Frank
w. Lee, Robert T. Highfield, Hay.
den johnson, William III. Johnston,
Dr. z. r. Koss, L. T.. Madigan,
Henry G. Moses, William Muehlei-
gen. H. Glenn Phelps, B. L. Rine.
hart. III. 8. Walcott, Arthur. o.
wharton, Claude II. Woodward and
.. d. Zantzinger.
The following have been elected
officers of the Departmental Bank:
8. Z. Exnieios. president; Clyde
iced. M. o. Exnictos. 3. W. Lib
bey. vice presidents; L. A.. Ro.
aafy, secretary. and John L. Cope
iand. assistant cashier.
stockholders Of the North Cap
atoI Savings Bank have reelected
fhe following directors: Paul Al
Tn. =. S. Burgess, George claEett.
~ o. Ollie, John a. Eckert, Charles
~. Floecki1er, Edward e. Hall. Jo-
eeph A. Herbert ST.: Allen Hol'
innder. M. L. Michael. Theodore
Michael, George T.. Phillips. Leo
a. Rover. C. f. Sewers. Charles
4. stewart, Charles z. Young and
r. L. Zirkle.
A new director. Clarence None.
alao was elected, and these Off.
..ern were reelected: Theodore Mi"
ehael. president; George Clagett,
vice president; A. Q. Ollie, vice pres"
taent: p. s. Burgess secretary:
- -, Coates naafi0P and Leo