Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-12-24

lean Security SS Trust Co, recently ap-
pointed complete committees to carry
on the years work. The executive CON-
mittee includes the above officers, to-
gether with William H. Baden, trust
officer, Washington Loan & Trust Co.,
and Erskine Gordon, trust officer Fed
eral-American National. The new COM
mittees include:
Observation-Disclosures William
H Baden; David Bornet, assistant trust
officer, National Savings & Trust Co.:
Barnum L. Cotton; George M. Mckee,
Irving Zirpel, secretary and assistant
trust officer, Union Trust Co., and
Eliot Moran, assistant trust Officer
American Security & Trust Co.
Trust law and observation-disclosures
A. A. Hoehling, vice president, trust
officer and general counsel, National
Metropolitan Bank; Erskine Gordon,
ant trust officer, National Savings &,
Trust Co.; Edward j. McQuade, vice
president, Liberty National, and Ralph
D. Quinter, trust officer, Commercial
National Bank.
Insurance trusts-Chairman T. STAN
ley Holland, assistant trust officer,
American Security & Trust Co.; Leon
ard Marbury, assistant trust officer,
Washington Loan & Trust Co.; Irving
zirpel, Union Trust Co.; Ralph P. Bar
nard, District National, and Kenneth
F. Brooks, Riggs National.
Standardized trust forms-Chairman
J. Eliot Moran, American Security &
Trust Co.; Roger P. Hollingsworth, as
sistant trust officer, National Metropoli-
tan; William S. Loyn, assistant secre-
tary, Union Trust Co., and Charles D.
Radcliffe, vice president and assistant
treasurer, Munsey Trust Co.
observation-disclosures Alexander Wolf,
trust officer, Second National; Aubrey
o. Dooley, assistant trust officer, Fed
eral American National; Thomas P.
Littlepage, Liberty National: Joseph A.
Rafferty,, trust officer, Merchants Bank
& Trust Co.; Thomas T. Keller, as
sistant trust officer, Merchants Bank &
Trust, and Ralph D. Quintner, Com
mercial National.
Education and pulicity-C Chairman,
Victor B. Deyber, president, Second Ma
tional Bank; Frederick P. H. Siddons,
secretary, American Security & Trust
Co.; Norman Fischer, trust officer, Con-
tinental Trust, and James H. Baden,
vice president, Commercial National.
Security Storage Dividends.
The board of directors of the Security
Storage Co, at its meeting yesterday,
declared the usual quartely dividend of
SIPS per share, payable January 10 to
stockholders of record on January T..
The board also declared an extra divt-
dend of $1.50 per share, payable De-
cember 80 10 shareholders of record on
December 81. The directors did not
forget the employees and voted the usual
extra compensation, according to an
treasurer, c. w. Pimper. The $3.50
extra shows that the company has en-
joyed an excellent year.
Bankers Bulletin Out Today.
The District Bankers Association
monthly bulletin made its appearance
today. The advertising committee,
Eliot H Thomson, chairman, reports a
decided increase in the memberships
and the average amounts subscribed in
the Christmas Savings Clubs. Last year
the members subscribed an average of
$S5 per person. 1t is expected that the
average this year will be higher.
The committee is stresSing the fact
fact that Christmas Savings Club
money can be used for every purpose
and is of special value at the close Of
the year. Already the average savings
of Washington club members are about
Is per cent above that for the rest CT
the country. 1t is announced that the
Munsey Trust Co. opened a CLUB for the
first time this year and is having a
heavy enrolment.
The committee considers that the COM
nix ySdI ldNOIdUlS
opportunities for utilizing advertising,
especially for the development of saw
ings and safe deposit departments
Greater interest in sound investments
and-|real estate may be expected and
bank credit and service can be success
fully exploited.
Bank Holds Christmas Party.
Members of the Federal-American
Club were guests of the bank Saturday
evening at a dinner and party at the
Columbia Country Club, when Christ
mas bonus of per cent of the annual
pay roll was distributed to employees
John Poole. president of the bank, pre-
sided as POSTMASTER. The party marked
the rounding out of a Years service as
president of the club by Mrs. Florence
s. Hoskinson, and she was succeeded
IN the presidency by w. -. SanderSon
paying teller of the bank
S33O,OO0 Phone Outlay Voted.
An appropriation of $333,Ol0 for i'm.
provements and new construction in the
District of Columbia during the frs
quarter of 1880 was voted by the boarC
OF directors Of the Chesapeake G. Poto.
mac Telephone Co. at its meeting yes.
terday. OF this amount $278, 500 is Il
be spent for improvements and the bal
ance Tor Underground cables and tht
installation of the new telephone type
writer's for the Metropolitan Police De
rartment.
Among the directors present wa
Walter S. Clifford, president of tn
American Telephone e. Telegraph Co.
Financial District Notes.
Chairman H. G. Hoskinson of the Dis
trict Bankers Association Credit Blu
reau reports that the business of tn
bureau is running along very smoothl
and that member banks are shown
splendid cooperation. Suggested forr
changes have been adopted by tn
council of administration.
The annual Christmas banquet an
dance of officers and employees of tn
Liberty National Bank was held in tn
lobby of the bank last night TIL
vaulted main banking room was deco
rated for the occasion. Many of tn
directors were present.
The Acacia Mutual Life Associstio
will hold a big Christmas party for il
employees this morning at $50 o'cloc
at its building, l0l Indiana avenu
northwest.
Exchange Closes Tomorrow.
The Washington Stock Exchange wi
be closed tomorrow. Today's trading wa
light. National Bank of Washingto
sold at $50, Columbia Sand e. Grave
preferred at SO, National Metropolita
at 37l, Potomac Electric Power pre-
fcrred at los and 1912, and Capita
Traction at IS. Bond sales in Washing
ton Gas and Railway & Electric is
sues brought recent prices. Lansto
was quoted ITO bid and 125 asked.
An American is credited witt. the 6Ts
c.achinery for making nails.