Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-01-17
WASH|NGTONBANKS
ELECT OFFICERS
Riggs, Columbia and Other
Institutions Report on
Stats for 1880.
BY EDWARD c. STONE.

In the bank organization meetings
held late yesterday the same of1cia
STATS in several local banks were re-
tanned in Office The directors of the
Riggs National Bank elected these on
GERS for the coming year:
Charles c. Glover, chairman Of the
board; Charles C. Glover, jr, vice
Fleming, presiding; william j. Father,
vice president Avon M. Nevius, vice
president; George o. Vass. vice presi-
dent and cashier; H. G. Hoskinson, vice
president; Earle M. Amick, F. G. Bur-
rough, Nelson B. ONeal, I. J. Roberts, B.
Gwynn Dent, George F. Rainey and
Hubert T. BiSselle, assistant cashiers;
Raymond C. Marx, auditor; r. Earle
Haycock, assistant auditor; Frank j.
Hogan, general counsel and trust officer,
and George M. Mckee and Kenneth F.
Brooks, assistant trust officers.
Other Bank Officers Elected.
All Columbia National Bank officers
were reelected, as follows: Frank j.
Stryker. president; L. Whiting Estes,
vice president; Arthur N. Mitchell,
cashier; Robert H. Lacey, assistant
cashier; Albert E. Yeatman, assistant
cashier and Walter B. Guy, attorney.
All National Capital Bank officers
we're reelected, as follows: H. H. Nc
Kee, president; S. H. Walker, vice presi-
dent; Dr. w. P. C. Hazen, vice presi-
dent; H. G.. Stewart. cashier, and J. s..
Ridgely, assistant cashier.
The McLachlen Banking Corporation
officers were reelected and are Lanier
P. McLachlen, president; Firman r..
Horner, vice president; John A. MaSsie,
vice president and treasurer; Archibald
McLachlen. secretary and assistant
treasurer; Guy D. Cowl, assistant treas
urer, and E. L. Goldney. auditor.
Federal American National Bank
officers elected yesterday include: John
Poole, president: William John Eynon,
vice president; w. j. Waller, vice presi-
dent; Charles B. Lyddane. vice presi-
dent; Charles d. Boyer, cashier; Arthur
j. Linn, controller; Joseph D. Yerkes,
assistant cashier; H. H. Shackelford,
assistant cashier; William G. Johnson,
assistant to president; Erskine Gordon,
trust officer; Aubrey o. Dooley, assist
ant trust officer, and Leon Tobriner,
general counsel.
Liberty Reflects Officers.
At the organization meeting today
the directors of the Liberty National
Bank reelected these officers:
George 0. Watson, president; Edward
J. McQuade, vice president and assist
ant trust offlcer; M. F. Calnan, cashier;
T. j. Littlepage, general counsel and
trust officer.
Federal Storage Officers Named.
At the regular annual meeting of
stockholders of the Federal Storage Co.
the following directors were reelected:
E. K. Morris, Robert B. Hall, James
M. Johnston, Harold N Marsh, Charles
P. Stone, H. Randolph Barbee, D. P
Gaillard and Henry Parsons Erwin.
The board of directors met imme-
diately after the meeting of stockhold-
ers, the following officers were re-
elected: e. K. Morris, president; Har-
old N. Marsh, vice president and coun-
sci; James M. Johnston, vice president
and treasurer, and H. Randolph Bar
bee, secretary.
President Morris has reappointed
Henry B. Hall traffic manager and s.
Webster Adams superintendent.
Local Bankers Meet Monday.
The regular January meeting of the
District Bankers Association will take
place next Monday at AIS pm. at
headquarters. 1t is expected that the
chairmen of all the important COM
nittees and sections will make reports
on progress made so far this year
and outline any plans for the future.
Most OF these statements will be short,
as the full reports are presented at
the annual convention in June.
1t is quite likely the report on trade
and commercial activities will be Of
special interest just at this time. Bust
ness conditions in Washington in the
recent past and the probabilities for the
next few months are engaging the at
tention of local bankers to an unusual
degree. This report alone Is expected
to bring representative from every
bank in the city to the meeting.
President w. j. Waller anticipates
highly interesting and helpful session.
Financial District Notes.
The District Bankers Association
protective committee, Edward j. Nc
Quade, chairman, meets late this after
noon at headquarters to dispose Of
routine matters.
A. Elzey Waters partner in Town
send, Scott e. Co., Baltimore, visited
the local financial district yesterday.
W. w. Spaid is attending a meeting
of the out-of-town section of New York
Stock Exchange firms. He was one OF
the organizers of the section and is
now vice president of it.
All directors of the Columbia Sand
& Gravel Co., Inc, were reelected
yesterday and are the following: Clyde
B. Asher, G. A. Bonnie, r. v. Fleming,
C. C. Glover, jr.; C. T. Kingsbury, l..
L. Reeves, G. o. Watson, r. j. White
ford and L. S. Ulman.
Chesapeake & Ohio Net.
Net income of Chesapeake & Ohio
Railway Co. for year ended December
81, 1929, is estimated at $32, 399, 900
after taxes and charges, but before
sinking fund appropriations, equivalent
after estimating dividend requirements
on 612 per cent preferred stock, to
about $21.80 a share on ,482, 694 shares
of common stock. This compares with
net income before sinking fund appro-
priations OF $28.9l6,925, or $24l43 a
share on 1,180,940 common shares in
1928
A. /. b. Banquet Committee Meets.
The committee planning the banquet
of Washington Chapter to be held on
February % met last night at the chap
ter rooms and launched plans Tor the
big event. 1t was decided that reser-
vations will be closed this year on Feb
ruary 10 In order to make the final ar
rangements for the seating easier. Last
years attendance was 800, which taxed
the capacity of the Willard ball room
almost beyond the limit. A gathering
of about the same size is anticipated
this year. This year the entertainment
is to be given by professionals.
MergenthaIer Leads ID. c. Exchange.
turnover of IS shares of Mergen'
thaler Linotype stock made that issue
the leader in a quiet session today o.
the Washington Stock Exchange. Al
transfers were made at 1861.
Ten shares of Commercial Nationa
Bank stock sold at ESQ., same as yeSter'
days quotation. Ten shares of Federal
American National came out at 292