Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-01-15

u. M. r. Mui pLly ,Ss:$Sss3 s$:$$z9$*>* 1
& Co. The COM a ~
plete list. includ- ny
ing 81 reelected 49,
members, is as fol- Tf, 4
lows: ~
c. A. Aspinwall,
Charles j. Bell. $$ss 80
Harry K. Boss,
George w. Brown,
William Nj. coates, Charles J. Bell.
William S. Corby,
William w. Everett, William j. Flather,
ir.: NJ. G. Gibbs. Cary T. Grayson,
James NJ. Green. Gilbert H. Grosvenor,
j. p. Hermann, James F. Hood, Joseph
Letter, G. Percy McGlue, Edward B.
Mclean, Howard Moran, Clarence F.
Norment, Newbold Noyes, Howard S.
Reside, B. F. Saul, William E. Shan-
non, James F. Shea, Charles A. Spald-
ing, Corcoran Thorn. Benjamin w.
Thoron and John F. wilkins.
Charles j. Bell presided at the meet
Ing OF the stockholders.
Munsey Trust Expands Board.
The three new members added to
the directorate of the Munsey Trust Co.
today were W. Wallace Chiswell, con-
nected with the Peoples Life Insurance
Co: Mai. Gen. William E. Horton of
the uuartermaster generals office, and
Harry Keyser. assistant general counsel
of the Washington Railway & Electric
Co. The complete board was elected as
follows:
W. Wallace Chiswell, William T.
Dewart, Charles DENLY, c. T. Dixon,
Charles B. Hawley, j. H. Hines.
William E. Horton, G. T. Hodges. Jr.;
Harry Keyser. Arthur G. Lambert,
Wilton j. Lambert, c. H. Pope, Q, ID.
Radcliffe, Franz Schneider, jr.; Alfred
r. Thorn. jr.: r. H. Titherington, Fred
"A. Walker, T. G.. Willis and II. II.
Yeatman.
The organization meeting followed at
6nce. these officers being elected for the
ensuing year: William T. Dewart, presi-
dent: Wilton j. Lambert, vice president
and general counsel; G. H. Pope, vice
president and treasurer; c. D. Ratclide,
II. C.. Willis, secretary and assistant
treasurer. and P. j. Mcmahon, assistant
treasurer.
Riggs Makes Surplus S3,000,000.
The directors of the Riggs National
Bank late yesterday transferred $25O,OOO
from undivided profits to surplus, max
Ing the total surplus $3,000,0OO, when
balances with the 100000 capltal
stock. President Robert V. Fleming re-
ported that this is the fourth conSecu-
tive year that $250,000 has been ADDED
to the surplus account and the NTH
such transfer since the change in its
capital structure on october Is, 1928,
incident to the establishing OF the
banks branches.
The capital stock was recently IN
creased. in connection with the con-
solidation with the Farmers d Mechan-
les National Bank and the sale OF $500
shares of stock at $3.50 per share. from
G2.5OO.O00 to its present capital OF
G3OOO,O00 and the surplus account from
60 900 900 to $2,750,00o.
Total capital funds now are S6,64O,-
600. or an increase over October 10,
1928, of over $2,550.00O.
Union Trust Officers for 1929.
At the recent organization meeting
the officers of the Union Trust Co. were
reelected, as follows: Edward j. SteI-
wagon, president; George E. Hamilton,
vice president, attorney and trust offl-
Ger; George E. Fleming, vice president
and assistant trust officer; waiter ..
Harlan, vice president; Edward l.. Hill
yer, vice president End second asslstant
trust officer: Edison B. OldS, vice preSl-
dent and treasurer; Irving Zirpel, Sec
rotary and third assistant trust officer;
w. Frank D. Heron, assistant treas
urer: S. William Miller, assistant treas
urer: G. Elmer Father, assistant treas
urer; william S. Yyans, assistant sur
vey, ad George E. Hamilton, jr. assistant
attorney.
Gas Stock Again Goes Higher.
washington Gas climbed to 1887 on
the local Exchange today. 1t opened
with 10 shares selling at 108, followed
with a 1O-share sale at 1924 and lO
at the new high.
CAPITAL Traction sold at 1864 after
opening at r. Potomac Electric 512
Der cent preferred moved at 1081s.
Chevy Chase Dairy preferred sold at
l07, and 800 shares of National Mort
gage &, Investment preferred changed
hands at 534.
Riggs National sold at $40, National
Bank of Washington at BIZ and Amer
ican Fire Insurance Co. at 800. wash
ington Railway g. Electric general Is
figured in $4,000 sale at 1924.
Heard in Financial District.
After over 20 years in the Maryland
title business, C. Francis Owens, vice
president of the Title & Investment Co.
of MARYLAND, whose.stock is quoted on
the local exchange, will retire from the
title business February l, 1929. When
a needed rest is taken, he will practice
law in Prince Georges and Montgomery
Counties, Md.
Lester A. Barr celebrated his seventy
fifth anniversary Saturday. Mr.. Barr
has long been prominent in real estate
and financial circles. For many years
he and Franklin T. Sanner were asso-
ciated together as Barr 81 Sanner-m
their day engaged in some OF the iarg-
est apartment building operations IN
washington. Mr.. Barr is member OF
the board of directors OF the Feoeral-
American National Bank.
Thomas P. Hickman, vice president 81
the Franklin National Bank, has re-
turned from a short trip to Florida.
Ezra Gould, president of the Wash
ington Mechanics Savings Bank, has
gone to Cuba for a Midwinter visit.
Wade H. Cooper, president OF the
United States Savings Bank and the
Continental Trust Co., is attending the
inauguration of his cousin, Gov. -elec'
Cooper of Ohio.
Waggaman g. Brawner, Inc, 100
street northwest, are offering block Of
the capital stock of Chain Stores Stocks
Inc. an investment trust specializing
in the securities of chain stores anc
, other merchandising companies
Among the chain establishments whose
securities are held by the company arr
Peoples Drug Stores, Inc; F. w. Wool
worth & Co, S. S. Kresge Co, Unitet
Cigar Stores Co., Sears & Roebuck
McCrory Stores Corporation and Safe
way Stores. Inc.