The Washington times., 1930-05-19
NEW YORK FIRM
OPENS STOCK
OFFICE

UIIIUE
The New York Stock Exchange
firm of Prince and Whitley today
opened their new office on the
second floor Of the Washington
Building, Fifteenth st. and New
York Ave. N. w. In addition to
being marked by the opening Of
the new office today, the firm is
also celebrating the fiftieth an.
r1iverSary of their entry into
Washington financial circles.
The first private wire system
between Washington and New
York was inaugurated by the
firm which has been long asso-
ciated with every big financial
break" that has come in half a
century.
On July 2, 1881 a resident part
ner of the firm was in the old
Baltimore and Ohio depot when
President Garfield was assassi-
mated. He Immediately went to
a nearby telegraph office and
wired other members OF the firm
so that they could be ready for
the terrific blow received by the
stock market when word was re-
ceived later in the day.
An immense board room has
been provided in the new quart
ers for the accommodation OF
customers. A number Of inova-
tions have also been incorporated
in the entire office, which Is one
Of the best in the city.
Clarence r. Burton has been
elected vice president and cash
ier of the Washington Mechanics
Savings Bank to fill the vacancy
caused by the resignation some
time ago Of Thomas j. Groom.
He will take his position as soon
as he has returned from the an
nual conclave of the District of
Columbia Bankers Association at
ASheVille, N. c., next month,
where he will serve as repre-
sentative Of the bank.
The new official is a lifelong
resident of Washington, being
born here in 1885. At present he
lives in Chevy Chase; is a mem.
! ber of the Columbia Country
Club and the Racquet Club, ard
| is a lawyer admitted to practice
before the United States Supreme
! Court.
| For the past year the new off,
Ger has been a member Of the
board Of directors Of the 1nstitu-
ton. He will be located in the
new branch office Of the bank On
Connecticut Avenue.
John B. Elliott, formerly q
Washington neWspaper1nan and
now vice president and treasurer
of the Jameson Petroleum Com
pany, was a recent visitor in
Washington financial circles.
Laurence A. Slughter, vice preSi-
dent of the Commercial National
Bank, has returned to his desk
after visit to Atlantic City.
Officers, directors and employees
Of the Bank of Commerce and
! Savings held an outing yesterday
at the Town and Country Club.
John D. Mothershed is the new
manager Of the local offices Of
Fenner and Beane, according to
recent announcement. He sue"
ceeds John Mel can, who has been
transferred to st. Louis.
Eugene E. Thompson, Of Crane.
Paris & Co., here, was one OF the
principal speakers before the
opening session of the convention
Of Associated Stock Exchanges in
Minneapolis, Mimi, today. Mr..
Thompson represented the Wash
ington Stock Exchange.
Two special trains will be used
by members of the District of
Columbia Bankers Association on
their jaunt to Asheville, N. c.,
where they will hold their annual
convention. The trains will leave
Union Station, Washington, ut
6 p. m. on June 4, according to
Claude H. Woodward. chairman
Of the transportation. He said
that all Of the latest accommoda'
tionS will be incorporated in the
trains for the benefit Of the
travellers.
It was decided to use two trains
because Of the fact that one long
train would not be so comfort
able for those journeying to the
convention.
Harold N. Marsh, local attor-
ney has been elected to the board
of directors of the Liberty Ma
tional Bank, according to an
nouncement made by George o.
Watson, president of the insti-
tuition. Marsh, a World War vet
eran, is a graduate Of Harvard
and George Washington Universi-
ties, and was admitted to the
D. C. bar in 1915.
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