Evening star., 1928-04-30
SECOND NATIONAL
BRANCH IS OPENED
Returns to Its Permanent Lo-
cation at 1898 G Street
in New Building.
BY EDWARD c. STONE.


| the uptown branch of the Second Ma.
! tional returned to Its permanent loca.
| tion at lSSl-lSS3 G street northwest
| The bank was thronged with visitors
who were greeted by President Victor
/ b Deyber. Branch Manager Kari j
| Seyboth and large number of other
| officers and directors The new bank
| ing quarters presented a most attrac-
| tive appearance. flowers from officers
Of other banks as well as business
houses adding greatly to the handsome
decorations.
The vault now being used by the
patrons is on the main floor in the
rear 0f the lobby, It not only contains
all the safety appliances for the pro-
lection of the securities placed in It.
but new devices for the guarding of the
banks staff. The gigantic door is so
adjusted that when it is open 1t cannot
be closed except by special key and
other attachments which could not be
manipulated by any one from outside
the bank. And in case any member of
the staff should be accidentally locked
into the vault there is a switch which
opens an elaborate ventilating system.
which would make life pleasant for the
occupant until the time lock was
opened.
Marble TellerS' Counters.
The tellerS' counters are constructed
of cream marble. with light bronze
and glass grillwork forming the super
imposed partitions The officers desks
are on the west side of the room. The
mezzanine across the front of the
building furnished space for confer
ence room for the president and a
directors room. The banking quarters
have all the convenienceS in the way of
rest rooms and is furnished in excellent
taste. Eventually the same deposit ap-
pointments for the patrons will be
located in the basement. but lack of
time has prevented this plan from
being carried to completion.
The Second National was organized
on July "a. 1872 Today is sure to
mark new era in its progress. The
present officers include Samuel j. Pres
colt. chairman of board: Victor B.
Deyber. president; William M Hanway.
vice president; Jacob Scharf, vice preSi-
dent: George NJ. EInmerich. secretary;
Alexander Wolf, trust officer, w W.
NARROW. cashier: NJ D. ESch, assistant
cashier; J. K Seyboth. assistant cashier
On the board of directors are Carl J.
BeTgmann. Edward F. Colladay, v B.
Deyber. Fred Drew. George NJ. En-
merich, William NJ. Hannay. Frank ).
Hight. A. r. Jorss, Frank NJ Low. Fred
erick W. Mackenzie. A II. Plugge, Sam
uel ]. Prescott. Cuno H. Rudolph. Jacob
Scharf. A. j. Somerville, William H.
Walker, W. r. WinSlow and Alexander
Wolf.
Under heavy police guard the banks
securities were removed yesterday from
New York avenue where the branch has
been temporarily located for 10 months.
Bank CIearings OF During April.
Bank clearings In Washington during
the month of April showed slight fall
ing of over April Of last year and also
in comparison with the figures of the
previous month this year, according to
the report made today by Charles r.
Bright, manager of the Washington
Clearing House Association.
April clearings totaled $I20.0i9, ,Ss6. 10
against clearings of Si24,i39, ,370.S5 in
the corresponding month in 1927 and
a total of sl22. .2s4 $4,000 in March OF
the present year.
Comparisons of the first four months
OF this year with year ago also re-
veal slight decline in the number OF
checks Cancelled by the Washington
clearing house so far fiifs year. The
S46O. .20g .234i3. while in the similar
period a year ago they amounted to a
total Of $466, ,o72. .S2s.7e,
The returns by months show that
clearings IN February and March we're
higher than last year, but enough low
er In January and April to pull the to-
tai down TO modegtly lower figure for
1928 to date. Using these figures as a
barometer, 1t viii be inferred that busi-
ness this year TO date Is not quite up
to that Of 1927.
New Peoples Drug Stock Higher.
For the first time since its recent
listing on the local exchange, Peoples
Drug Stores preferred stock sold at
I10i2 today, up half a point from the
last sale, in very light trading.
Washington Gas sold from its peak
Of 81 down 10 95 today. Capital Trac-
ton came out at 100, Washington Rail-
way 81 Electric preferred al 1929, clos
ing at i02 Lanston was quite active
at 10. while 80 shares Of Merganthaler
changed hands at i0ih.
Sanitary Grocery preferred, after its
recent l0-point Jump TO 100. sold at il6
today on a turnover Of 81 shares. Poto-
mae Electric 5ls per cent preferred
moved at lOSiz. Chestnut Farms Dairy
preferred figured in its first sales since
being listed. opening at l045s and clos
ing at 1867. As shares changing hands.
Only one bank stock appeared on the
board, Second National selling to the
extent OF 20 shares at 26s. an advance of
3 points over the last sale. In the bond
division. Washington Gas SIS. series A.,
sold at 1861 and the series b bonds
registered IO71s. Washington Gas SIS
brought 1861 and Capital Traction SIS,
l03H. Chapin-Sackg per cent pre-
ferred stock moved at l0s.
Heard In Financial District.
Wholesale prices on commodities ad-
vanced seven-tenths Of ! per cent dur
ing the week ended April %, according
TO the index compiled here today by
the National Fertilizer Association.
Sharp advances occurred in textiles.
grains. feeds and live stock, edible fats.
and lumber, and moderate ones In
foods and petroleum. Slight declines
occurred in guiphate Of ammonia, rub
Der, coffee and metals. The advance In
the total index was the third successive
week Of upward trend.
Local brokers were up in time 10 hear
the first birds sing this morning. some
| thing which they have not enjoyed since
last Fall The New York Stock Ex~
change opened on daylight saving time
| and all the local tickers starting ticking
| at 0 O'Clock instead Of 10.
The local financial schedule was
| crowded today with special meeting
| u the Bankers Association. Mr.. Bells
| at home" change In broker Office
time. bank opening. and as one banker
| put II, last bat not least, the circus"
The Norfolk Southern Railroad Co
has issued It's pamphlet report for thf
year ended December 81. 1927, Income
account shows net income of $740, ,35f
after taxes and charges, the same nj
previously published. equivalent 10 $4.6i
a akara saRnaa 4GH 0nn ahaVAe al