Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-01-11

Vass vice nresi,,e,1t
and cashier, was C. c. GLOVER, Jr.
elected secretary of
the board of directors.
Mr.. Fleming stated that the branch
managers who have been ably handllnl
the affairs of the six outside offices
were re-appointed and also elected
assistant cashiers of the bank. The.
are:
Harry L. Selby. assistant cashier ant
manager of the Farmers & Mechanics
branch: Harold w. Burnside, asSiStan
cashier and assistant manager OF tn
Farmers & Mechanics branch; Car
H. Donch, assistant cashier and man
ager of the Fourteenth Street end Parl
road branch Gregg c. Burns, aSsiStan
cashier and manager of the northWeS
branch: Ralph r. DePrez, assistan
cashier and manager of the Dupon
Circle branch: B. /. Boudren, aSsistan
cashier and manager of the Seventh
and I street branch, and w. Edmund
Freeman, assistant cashier and man
ager of the Friendship branch
Hubert r. Bisquelle, who has beer
connected with the credit department
of Riggs since 1920, was also elected al
assistant cashier.
National Capital Bank Organizes.
The directors of the National Capita
Bank organized yesterday by electinG
the following officers: H. H. Mckee
president; S. H. Walker, vice president
w. P. c. Hazen, vice president; H. G
Stewart, cashier, and j. S. Ridgely
assistant cashier.
District National Officers.
At the organization meeting late yes
terday the following officers of the Dis
trict National Bank were reelected
Robert N. Harper, PRESIDENT Joshu;
Evans. jr., executive vice president; w
P. Lipscomb, vice president: G. j. COCK
eler, vice president; N. l.. Sansbury. vic
president; Hilleary l.. Offutt, Jr., VIC
president and cashier; William G. Look
er, assistant cashier: Theodore S. Ma
son, assistant cashier; Barnard g. John
son, attorneys; Wharton E. Lester
counsel: B. L. Cotton, trust officer
Ralph P. Barnard, counsel to trust de-
partment.
Mortgage Company Elects.
The annual meeting of the share
holders of the National Capital Mort
gage Co. resulted in the election 0
these directors: Neill E. Bailey, T. j
Cowie. Wilmot A. Danielson, Charlie
B. Drake, T. Howard Duckett, Mahlol
Groo, E. Brooke Lee, Dabney Il
Maury, c. Nixon, George F. Unmacht
James M Wheeler, F. P. Williams.
Immediately following the meetln
the directors elected the following OF
ficers: T. Howard Duckett, president
Mahlon Groo. e. Brooke Lee, Courtlan'
Nixon and j. NJ. Wheeler, vice presi
dents; F. P. williams, treasurer, ant
M. M. Toomey, secretary.
Finance Company Elects Directors.
The annual meeting of the Federal
American Co., which is under contro
of the Federal American National Bank
held its annual meeting today, the FOL
lowing directors being elected:
Byron S. Adams, Lester A. Barr, Al
bert E. Berry, Thomas Bones, Charles l.
Boyer, W. F. Brenizer, Walter A. Brown
Joshua w. Carr, Aubrey l.. Clarke, Mye
Cohen, William K. Cooper, John Dolpll
William j. Eynon, w. G. Galliher, w. ]
Galliher. Isaac Cans, Fred S. Glchnel
w. F. Ham, George w. Harris, William
A. Hill, Harry King, Ralph W. Lee
| Charles B. Lyddane, DR.. Louis Mackal
| Arthur D. Marks, John Poole, DR.. j.
Scott. Warner Stutler, Leon Tobrlnel
Wilmer j. Waller, George E. Walker an
l.. Perry West.
Local Bank Stocks Are Strong.
Local bank stocks were strong on tn
Washington Exchange today. hlge
National sold to the extent of six share
at 568. National Savings 81 Trust opene
with 10 shares selling at $40, 10 share
then going at 521 and closing with
1O-share sale at 521l2. This Is half
point higher than the stock sold at an
| time in 1928 One other bank STOCK wa
| out. Washington Loan & Trust register
| ing a sale at 522.
Capital Traction stock opened
1865 and closed at 1864. Fittee
| shares of Railway & Electric preterre
appeared on the board at 9912. Mel
genthaler led the market in volume
| trading. 80 shares selling at 104 and G
| at 1o4i4. Chestnut Farms Dairy pre-
| ferred sold up to 1081s and 10 share
! of Terminal Refrigerating 81 WarehouS
/ ing Corporation stock registered 81.
| In the bond division Washingto
Railway e. Electric General 6s sold {
1924, Barber & Ross 6S moved at 941
Washington Market Cold Storage
sold at 90. Capital Traction SIS at 1922
and Potomac Electric Consolidated
closed the days trading at 1925.
Head Takes Bank Presidency.
Walter w. Head, formerly presider
of the Omaha National Bank, Oman
| Nebr., and former president of II
American Bankers Association, hS
been elected president OF the Sta
Bank of Chicago.
Chain store development during 49,
will probably tend toward an increa'
in the number of stores under cha!
control rather than an increase in II
number of chain systems, according
L. L. Jay, president Of the America
Department Stores Corporation.
Bank Votes Extra Dividend.
The directors of the Washingtc
Loan g. Trust Co. have voted IL
regularly quarterly dividend of p
cent, due at this time, and an exit
dividend of 2 per cent. Both a
payable February / to stockholders
record on January "a.
NEW CORPORATION FORMED
NEW YORK, January II GA0.-J.
W. Seligman & Co. international il
vestment banking house, announced t
day its entrance into the growing i
vestment trust field, with organizatit
of a $50000,000 company, to be know
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