Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-07-25

COnCTlUubeu lIOIIl llclSIO tAoAlN. on -
crease of $18,669,723 and $63,9O9,1
from passenger traffic, a decrease OF
S1,55l,325. June railway operating eX-
penses amounted to SAL ,026.733, an in
crease of 1911 ,308, and for the SIX
months period they were $240, l87 ,485,
an increase of $6,435,679.
Second National 81 Years Old.
The Second National Bank was ST
years old Yesterday the president. victor
r Deyber. and his associates receiving
MANY CONGRATULATIONS. While organized
on July "a, 1872, it did not actually
throw it's doors open until September
II of that wear. The bank started bus1-
ness at 631 F street, later moving to
the present head Office at 500 Seventh
street. The uptown branch at 1888 G
street was opened in 1910.
officers of the bank are Samuel j.
Prescott. chairman of the board; Victor
B. Deyber, president; William M. Han
nav. vice president; Jacob Scharf, vice
president: George E. Emmerich, secre-
tary: Alexander Wolf, trust officer: Ed
ward F. Colladay, counsel; w. w. Mar
low. cashier; M. D. Esch and j. K. Sey-
both, assistant cashiers.
The following compose the board OF
directors: Carl j. Bergman, Colladay,
Deyber, Fred Drew, Emmerich, Hannay,
..
Low, Frederick w. Mackenzie, NARROW,
A H. Plugge. Prescott. Cuno H. Ru-
dolph. Jacob Scharf, A. M Summer
vile. William H. Walker, w. r. Wins
low and Alexander Wolf.
Local Bankers Honor Galley.
Yesterday was Bert Galley day"
at the weekly luncheon Of Washington
bankers held at the Willard. In other
arf c Csnfl tive Ninn
president of the Lincoln National Bank,
and for 20 years treasurer of the Dis
trict of Columbia Bankers Association,
was paid a special tribute for the
service he has rendered the association.
Mr.. Galley was presented with
framed and engrossed copy of reso-
luton commencing his faithful and
efficient service. The resolution was
passed at the annual convention held
at Montauk Point, Long Island, in June,
but his friends thought it was not
enough to spread the memorandum on
the records of the association.
The veteran banker was delighted
and greatly moved by the gift and the
spirit of his associates which prompted
it. Did he make a long speech? He
never said word. He just couldn't.
Business Falls OFF Slightly.
Latest reports from the Richmond
Federal Reserve district indicate that
business in this territory has fallen off
slightly, compared with the same period
a year ago. Total bank deposits reveal
the slump. However, the prospects for
better prices for agricultural products
has caused general optimism through
out the fifth district. Building trades
continue to make steady progress, Rich
mond reports.
In the adjoining Federal Reserve dis
trict to the South, it is stated that the
Georgia peach crop is the smallest OH
record. A good price is being realized,
however, and the crop is expected tn
bring more than $4,000 900. The tobacco
markets in Georgia are just getting into
full operation. The crop is extra good
this year and high prices are antici-
pated.
The past week in business elsewhere
in the United States showed little devia-
ton from the cheerful prospect which
ruled during the entire first half of the
year. With a few exceptions COM
mercial activity continues on a level
slightly above that of the past two years.
1t is now clear that the Summer period
will be passed with an exceptional small
let-down in business.
Power Issue Offered Locally.
An additional issue of $4,000, 900
1ntercontinents Power Co. per cent
debentures, series A. due in 1913, has
been offered locally by Stroud, Kurtz g.
Co. and E. H. Rollins & Sons. The
bonds have class A common stock pur-
chase warrants attached. The bonds are
priced at 90 and accrued interest, to
yield 6.35 per cent. The company. or
ganized under the laws of Delaware,
has large utility holdings in South
America and other foreign countries.
Institute Committee Named.
President A. E. Henze of Washington
Chapter, American Institute of Bank
ing, has appointed several important
committees for the coming year. An
important committee announced today
was the membership group, which fol-
lows: Robert H. Lacey, Columbia Ma
tional chairman: WILDER c. Dieter,
Union Trust; Eleanor L. Dankmeyer,
Security Savings & Commercial; j. F..
English, Commercial National; j. F.
Hillyard, National Bank of Washington;
John r. Keener, Riggs National Will
liam P. Keith, American Security &
Trust; w. B. Mailer, Washington
Mechanics Savings: S. S. Ogelvia, Sec
ond National; Walter Sanderson, Fed
eral-American; NJ. J. Showalter, Com
mercial; r. G. Whitton, First National,
Metropolitan, and Arthur Harmon,
Washington Loan & Trust Co.
The educational committee is made
up of Frank M. Perley, American
Security & Trust Co. chairman, and
Aubrey o. Dooley, Federal-American
National Bank, vice chairman Fred
English, Commercial National; Robert
H. Lacey, Columbia Miss Esther r.
Lau, Riggs National, committee secre-
q n6oP or oYad DioIn IL
Lincoln National; I. j. Roberts, Riggs
National: Miss Mabel T. Royce, Wash
ington Loan & Trust Co.; James A.
Soper, Lincoln National; Miss Mildred
Woodcock, American Security & Trust,
and T. Hunton Leith, Security Savings
& Commercial
Bonds Active on Exchange.
Capital Traction, Railway & Electric
and Washington Gas bonds were popu-
lar on the Washington Stock Exchange
today. The largest sale was a $4,000
transaction in Capital Traction SIS at
99k. One 81, 900 transfer was made
in this issue at 100. Railway As sold
moved at 106 and 1000 denominations
in Gas AS sold at 1927.
In the stock division yesterdays rec
ord bid of $50 per share for Railway
common was off 10 points today with
none offered. The asked price on Wash
ington Gas was up to 1870 today for the
first time, with 125 bid. The stock is
now eXdividend. There were no sales
Only small lots taking took place
today. prices remaining steady. A stock
rarely seen on the board was Washing
ton Medical Building Corp, 20 shares
selling at 100.