Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-03-28
DISTRICT NATIONAL
PROMOTES THREE
Employees Are Advanced by
Board as Reward for
Faithful Service.
BY EDWARD c. STONE.

4N@bAQN0A BANK NJ 1bH nlGCtAtH JGOeOAA0l
elevated three Of It's employees to new
positions Of responsibility and oppor'
tainity Theodore s. Mason, who ha!
held the position OF assistant cashier
for the past 10 years, was given tht
additional duties of controller. Arthur
M Atkinson, who has been paying teller
for many years, was elected assistant
cashier, and Raymond P. Lochte, mote
teller for q number OF years, was elected
assistant cashier. With these changes
william D. Murdoch, assistant note
teller, becomes note teller, with Harry
Fleet Harper as assistant note teller
All OF these young men are products Of
the American Institute OF Banking.
Mr., Mason started in the banking
business as general utility clerk in 1905
with Robert N. Harper, president OF the
District National Bank, when Mr.
Harper was president of the American
National Bank. He left to be associated
with Harper g. Co.. bankers, and at the
organization of the District National
in 1909, became assistant cashier, winch
position he still holds. Mr.. Mason IS
Virginian by birth and Marylanoer
by adoption, at the present time resid-
ing In Rockville.
Mr., Atkinson has been with the bank
since 1918, serving as paying teller.
About q year ago the plan OF paying
receiving was formulated, with MI
Atkinson as the head teller. Before
going to the District National he was
employed at the Home Savings
Bank. His advancement is considered
fully deserved
RAYMOND p. Lochte joined the
District National staff in 1917 from the
Continental Trust Co., where he served
in numerous capacities under Hilleary
/. Offutt, jr., now vice president ana
cashier of the District National. Mr.
Nkea the nneftinn Of
general clerk, to note teller, to as
siStant cashier.
Fuller Awarded Bank Contract
The George A. Fuller Co. has been
awarded the contract to the American
Security 81 Trust cos new 1o,sCory
addition on Fifteenth street and WILL
start work next Tuesday, April !. The
company will also make extensive
alterations In the present main office.
The work viii start with the demolish-
ing of the two-story building beside
the main bank, which has for years
housed various departments OF the in
stitution. Erection Of the big annex
will require approximately 10 months.
The changes in the present bank will
not be made until after the new build
ing Is completed, so that business viii
not be interrupted.
Last week the transfer Of all de-
oartments occupying the two-story
building was consummated, the real
estate department now having tenn
porary quarters in the Walker Build
Ing. 734 Fifteenth street. At the pres
ent time the department Of public re-
purchasing departments are occupying
ofnces at the Central Branch, located
at Seventh street and Massachusetts,
avenue northwest.
When the new building is completed
and alterations made to the present
structure, the bank will have on the
main floor the checking, savings, for
eign exchange, notes ana conectlons,
securities and women's and real estate
departments. The trust department
has heen allotted the entire second
floor of the new addition, while the
auditing, bookkeeping, mail and transit
departments viii occupy the entire
third floor, and part OF the fourth
VIII be taken over by the department
Of public relations, credit personnel
and purchasing departments. The plans
also call for special library on this
floor.
The bank viii have q subbasement
which viii include its own securities
vault, and the safe deposit department
viii occupy q large part OF the base
ment. On the top floor Of the new
addition will be the directors room and
q large lunch room and kitchen for the
members Of the staff.
York q Sawyer, New York City,
architects of the old building, have
planned the new addition and altera-
lions to the present structure.
Mitchell Retires At Columbia.
Arthur NJ Mitchell. cashier Of the
Columbia National Bank, will retire
from his position on April S, according
to announcement by the president,
Frank j. Stryker. Mr.. Mitchells retire.
ment comes at his own request as he
has been in poor health for several
years, although most Of the time re-
manning active in the banking neld.
Following the meeting late yesterday 1t |
was announced that "the board Of di- |
rectors Of the Columbia, with regret, |
have placed Mr.. Mitchell on the retire |
ment roll'
Mr.. Mitchell has been with the Co
lumbia National for the past % years, |
having entered the bank in February, |
1898. At one time or another he has |
departments, his advancement result |
ing from eficient and conscientious |
service. He has made many friends in |
the financial district outside Of mis- own |
bank.
The Columbia directors also declared |
the regular 3 per cent quarterly divi- |
dend, payable April /, to stockholders |
Of record March 81.
Financial District Notes.
The members Of the entertainment |
committee which is arranging the |
lighter features for the coming bankers
convention at Ashville, N. c., met yes
terday afternoon, with w. w. Spaid pre- |
siding. The best talent obtainable in /
THE Land of the Sky" is to be secured,
the committee members state.
The American Ice Co. has declared
the regular quarterly dividend of IS
cents on common and $3.50 on preferred
stock, both payable April rs to stock
holders of record April 4.
Reports received from managers of
stores of F. 81 w. Grand-Silver Stores,
Inc, show that more than 80 per cent
OF the managers expect business this
year to be above the general level of
1929, Harold F. Stone, president of the
recently merged chain system, said yes
terday.
The Anacostia bank will be 20 years
old in May and plans are already under
way to make this milestone q notable
event, according to the president,
Maurice Otterback.
Net earnings after dividend require
nents and other charges of Federal Re-
serve banks would be placed in a sep
arate fund under control of the Secre-
tary Of the Treasury to guarantee de-
posts OF failed member banks of the
Federal Reserve System, under a bill
proposed BY Representative Steagall of
Alabama.
The David Pender Grocery Co.. which
has many stores in Virginia, has de-
clared the regular quarterly dividend Of
61I2 cents on the class "a" PAYABLE
June TO stockholders of record MAY 40