The Washington times., 1930-12-16
CAPITAL. B ANK
IS G|VENNEW
POWERS
Treasury Department Grants
Limited Trust Powers to
Southeast Institution

Limited trust powers have been
granted the National Capital
Bank by the Treasury Depart
ment. The bank is located at
316 Pennsylvania Ave. s. E., and
is one Of the older institutions
in the District Of Columbia.
H. H. Mckee, chairman Of the
washington Clearing House As
sociation, is president Of the In
stitution.
The action Of the Treasury De-
partment gives the bank power
to engage in a trust business il
it so decides. It is probable that
at a future meeting Of the board
Of directors Of the institution
consideration will be given q
proposal to extend the powers
Of the bank.
This matter is considered Of
vital importance to the section
Of Washington served by the
institution for broadening of the
powers Of the bank will, it is
claimed greatly enhance finan-
cial transactions in that locality.
Extension Of the banking powers
also, it is said, show an added
impetous to the growth Of the
bank.
The board Of directors of the
Louise Hand Laundry, Inc, at q
recent meeting, voted to pay the
regular Semi-annual dividend Of
$1.75 q share on the preferred
stock Of the company and the divi-
dend Of 80 cents on the class A
common stock of the firm. Divi-
dendS will be paid January q, 1881,
to holders Of record December 20,
1880.
A report of the management
showed that both gross and net
earnings of the company for the
first II months of the year are
running ahead Of the same 1929
period.
Plans for the second bank man
agement conference for the Cen
tral Atlantic States Of the Amerf
can Bankers Association, to be
held in Washington, February 26
and 81, will be discussed at meet
ing to be held here Friday. D.,
Presidents and secretaries OF the
associations of the District Of Co
lumbia, Delaware, Maryland, New
Jersey, New York, Pennsylvania,
Virginia, and West Virginia will
attend the meeting, which will be
held in the Willard Hotel. Frank
w. SimmondS, deputy manager.
and Robert v. Fleming, president
Of the Riggs National Bank and
chairman of the committee on ar
rangementS, will take prominent
parts in the conference.
An trustees of the Columbia
Title Insurance Company were
reelected at the annual meeting
of the firm yesterday. They are
H. Glenn Phelps, Allen c. Clark,
James j. Becker, Spender Arm
strong, Edgar M. Mayne, George
w. White. Edward j. Stellwagen,
F. l.. SandoZ, William J. Flather.
jr., James B. Nicholson, Randall
Il. Hagner, John Edmund Cam
mack, william B. Willard, ErSk10e
Gordon, and woodbury. Blair.
Chairman and members OF the
committee in charge Of arrange
mentS for the 1891 annual ban
quet Of washington Chapter,
American Institute Of Banking
to be held at the willard Hotel
February 20, have been an
nounced by I. j. Roberts, Of the
Riggs National Bank, general
chairman of the committees. The
list of aides follow:
Vice chairman, Aubrey o. Cooley. Feb
eral-American National Bank and Trust
Co.; Miss Mildred c. Woodcock, Amer
lean Security and Trust Co.; secretary:
Miss Catherine N. Krieg, riggs National
Bank: assistant secretary, Miss Anne
P. Crawford, McLachlen Banking Corpo"
ration; treasurer, Robert H. Lacey, co"
Iumbia National Bank.
Committee members: Willard G. Barker
Morris Plan Bank; H. T. Bisselle, Riggs
National BANK MISS OnaFBdEcL ouShASyS
American Security and Trust Co.: H. ".
Burnside, Riggs National Bank: Miss 8.
Winifred Burwell, National Metropolis
| ton Bank: F. H. Cox. Commercial Ma
| tional Bank: John NJ. De Marco sew
enth Street Savings Bank; j. Fred Eng
| lish Commercial National Bank; Miss
Helen Goodin, National Savings and
| Trust Co.. Miss Christine Haggerty,
Union Trust Co.; A. E. HenZe, W.
B. Hibbs & Co.; Henry F. kimbal!'
American Security and Trust Co.; Frank
w. Lee, Mount Verson Savings Bank;
Robert e. Lee, Lincoln National Banki
T. Hunton Leith, Security Savings and
Commercial Bank; J. Earle McGeary'
| eral-American National Bank and Trust
| Co.: William B. Mehler, Washington
Mechanics Savings Bank; Richard A
Norris, Lincoln National Bank; Ralph
| Norton, Franklin National Bank; Miss
| Mabel v. Royce, Miss Rose L. Royce
Washington Loan and Trust Co.; w. L.
| Sanderson, Federal-American National
! Bank and Trust Co.. Robert A. Sissons
| Washington Savings Bank; James A.
Soper Lincoln National Bank; Miss Loig
A. White, Federal American National
Whitton. Robert G. Whitton, First Ma
tional Bank, Alexandria, Va; William
G. Winstead, National Metropolitae
| Bank; A. w. Sherman, American So
curity and Trust Co.
Committee chairmen: Decorations, MisS
8. Winifred Burwell; dinner. Richard A:
Norris; entertainment. Dillad g. Barker
| floor, Miss Mabel v. Royce: Invitations
]. Fred English; publicity. Henry =:
Kimbell; reception, T. Hunton Lefent
| seating. James A. Soper.