Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-01-21

many years. was
made a director.
The directors re- M %
elected include: A
C. A. Aspinwall, + q st.nh.r..r.
Harry K. Boss,
George W. Brown, William M Coates,
William S. Corby, William W. Everett,
William j. Father, jr.. M. G.. Gibbs,
Cary T. Grayson, James M 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. r. Saul,
William z. Shannon, James F. Shea,
Charles A. Spalding, Corcoran Thorn,
Benjamin W. Thoron and John F.
wilkins.
National Savings Election.
At the annual meeting of the share
holders of the National Savings g.
Trust Co. late yesterday. the following
directors were reelected: James j.
Becker, Woodbury. Blair William A. H.
Church. Walter C. Clephane. H Rozier
Dulany. Jr. Franklin H. Ellis. H.
Prescott Galley, William D. Hoover,
Walter B. Howe. Reginald S. Huide-
koper. Victor Kaufman, Edmund D.
Rheem. Frank StetSon, Frank w. Stone
William H. Walker, william B. willard
Immediately after its reelection the
board Of directors reelected the fol-
lowing officers: william D. Hoover,
president; Woodbury. Blair, first vice
president; Frank W. Stone, second vice
president; Frank Stetson, trust oficer;
Charles C. Lamborn. treasurer; E.
Perctval Wilson, secretary: Frank r.
Ullmer, assistant treasurer; Bruce
Baird and David Bornet. assistant trust
officers; John w. Calvert and w. Hiles
Pardoe, assistant treasurers: A. j. FAINT
and John NJ. Boteler. assistant secre-
taries, and Audley A. P. Savage. auditor.
The directors declared q quarterly
dividend of 3 per cent and an extra
dividend Of per cent.
Munsey Board Of Directors.
The Munsey Trust Co. stockholders
Reelected these directors for the coming
year: W. W. Chiswell Charles DENLY,
William T. Dewart, c. T. Dixon, Charles
B. Hawley. j. H. Hines. G. T. Hodges, jr.;
William z. Horton, Harry M. Keyser,
Arthur @. Lambert. Wilton J. Lambert,
c. H. Pope, c. D. Ratclifie, Franz
Schneider, jr.; Alfred P. Thorn, jr.; r.
H. T1thertngton. Fred A. Walker, T. c.
Willis and r. II. Yeatman.
The board organized at once, electing
William T. Dewart, president; william
j. Lambert, vice president and general
counsel; G. II. Pope, vice president and
treasurer; c. d. Ratcliffe, vice president
and assistant treasurer; T. c. Willis
secretary and assistant treasurer, and
J. p. Mcmahon, assistant treasurer.
Stephenson Is Promoted.
One Of the interesting promotions in
connection with the annual bank meet
ings last week was that Of ]. @. Ste
phenSon, an assistant cashier at the
Franklin National Bank, who was made
vice president. Mr. Stephenson was
born and raised In this city, attending
the public schools and graduating from
Business High School.
He commenced his banking career
with the old United States Trust Co.
In october, 1912, he went to the Frank
lin National beginning as a messenger,
advancing through the bookkeeping
department and cages until elected
assistant cashier In 1920. The directors
rewarded his faithful service few days
ago by moving him stil further up the
financial ladder
Mr.. Stephenson is only So years old.
so Is one Of the youngest vice presidents
in any bank In WASHINGTON. In his
new position he will be of much
assistance to Vice President Thomas
p. Hickman.
Trust Shares Being Offered.
Waggaman, Brasner & Co. Inc. are
making local offering today of diversi-
fed trust shares, Series c, these shares
representing participating ownership in
50 seasoned and dividend paying COM
mon stock listed on the New York Ex-
change. In the list are railroad, public
utilities, industrials, oils and mining
stocks; there being 10 each Of the rails
and public utilities, IL industrials, and
9 oils and mines.
The stocks on which the trustee
shares are based are among the leaders
-on the New York Exchange and are
highly rated by Moody's. The circular
states that the shares are offered for
conservative income as well as, long
term appreciation" They are being
sold here at the present market price.
Continental Capital Intact.
In connection with the Commercial
National Continental Trust Co. merger.
the Street" has been deeply interested
IN the question of what is to become
Of the Continental Trust Co. stock. On
this point President Wade H. Cooper
of the merged banks said today.
The capital stock of the Continental
Trust Co. amounting to 81 600 GOO, and
the surplus of $3.50, 900, will remain in
tact, to be used by the stockholders as
they deem necessary and proper.
The Commercial National Bank SIM
ply bought the banking business of the
Continental Trust Co., but not its capt.
tai stock. The charter of the CONT
mental Trust Co. Is q valuable one, and
there Is no intention Of surrenderine
L. but the trust company has retired
finally and definitely from the banking
field"
rom the above statement it would
appear that the trust company car
carry on the business of a finance con-
Germ, deal in real estate notes or en-
gage in other similar business. In the
present merger there was no exchange
81 stock, Mr. Cooper and his friends
buying a substantial interest in the
stock of the Commercial National.
d. C. Exchange More Active.
There was more activity on The
Washington Stock Exchange today
Potomac Power issues came out al
1l0iz and LOT, 20 shares Of Security
Savings & Commercial Bank changed
hands at ATS, same as the last sale.
District National Securities preferred
sold at 80, Mergenthaler at 1861 anc
1852 and Terminal Refrigerating 8
WarehouSinK Corporation at so. Tit
most active bonds were Railway 81 Elec
trio As, selling at SO, and Potomac Elec
trio Consolidated 6s selling at l0034 ant
1O1.
The newly listed Emerson'S Bromt
Seltzer class A stock was quoted 30 biz
and IS asked.
PARIS BoURSE PRICES.