Evening star., 1930-04-08
kERS PLANNING
TRIP TO RICHMOND.
Large Delegation Expected
to Attend Annual Federal
Reserve Function.
BY EDWARD C. STONE.

which will be held Friday in the Vir-
ginia capital.
The meeting is open only to officials
and directors in the banks which are
stockholders in the association. Waldo
Newcomer of Baltimore Is president
this year and George H. KeeSee OF the
Richmond Reserve Bank is the per-
manent secretary.
The meeting will draw bankers from
Virginia, West Virginia, North and
South Carolina, Maryland and the Dis
trict of Columbia Reports from Of
fcers of the association will be fol-
lowed by discussions of various Federal
Reserve bank problems which always
proves highly interesting and instruc-
tive. Gov. Seay of the Richmond Bank
will also take part in the program.
Washington bankers planning to at
tend the meeting include Victor B.
Deyber. president of the Second Ma
tional Bank; Frank j. StrykeT, presi-
dent, Columbia National; John Pool,
president. Federal-American National:
Robert v. Fleming, president, and
George o. Vass, vice president Riggs
National; j. Frank White, cashier of
the National Bank of Washington, and
others.
1t looks as If the Lincoln National
would send the largest delegation.
President Floyd E. Davis, Vice President
James A. Soper and two directors, Mel
win C. HaZen and Fred A. Smith, are
expecting to be present.
Security Savings II Years Old.
The Security Savings & Commercial
Bank was II years old yesterday, hav-
ing opened its doors on April Z, 1918.
Many congratulations were extended to
the officers at the main office and the
branch yesterday. The bank has shown
rapid and sound growth during the II
years, deposits on the March 81 call
being $5,938,619.83, a gain of over $l76.-
900 over the call of December 81, 1929.
President Julius I. PeySer and Vice
President Fred Mckee are the only
active officers who we're with the bank
at the opening These two men, with
j. Thilman Hendrick, are the only di-
rectors who were on the original board
and are still serving in the same ca
pacity. Other officers and directors in
clude:
Francis G. Addison, jr., vice president;
Samuel r. BaulSir, cashier; T. Hunton
Leith, assistant cashier; Latrobe owen,
assistant cashier; j. Louis Shipley, as
sistant cashier: Charles K. West, branch
manager. Directors, Edward c. Baltz,
Dion S. Birney, Francis A. Blundon,
Diller F. Croft, Benjamin H. Gruver,
Franklin w. Harper, John B. Harrell,
Sol HerZog. William A. Hill, George z.
Judd. Laurence Mills. Charles w. Nor
ris. Morris Simon, William w. Spalding,
Milton Strasburger, Sidney w. Straus
and William c. Sullivan.
Bankers Bulletin Out Today.
The Monthly Bulletin of the District
Bankers Association appeared today
and contains much of interest. There
is an abstract of the talk given by Ed
ward j. McQuade at the Philadelphia
bank management conference, an ur-
gent plea for more junior bankers to
enter the annual essay contest, a resume
Of the recent meeting of the safe de-
posit section, convention data and many
news items regarding routine matters.
It is one of the most complete numbers
brought out so far this year, and Is
edited by A. o. Dooley.
A. b. A. OhiciaFs Wife Expires.
E. E. Mountjoy, Washington repre-
sentative of the American Bankers AS
eociation, received word today of the
death of Mrs. Rome c. Stephenson at
South Bend, Ind. Mr.. Stephenson is
first vice president Of the American
Bankers Association, was one of the
speakers at the convention Of the Dis
trict Bankers Association at Montauk
Point. Long Island. last June, and has
host of friends among local flnanciers.
His wife died in the family home, at
South Bend.
Local Securities Again Active.
Local securities again displayed much
activity today on the, washington
Stock Exchange. The largest single
sale was a 50-share block of Lanston
Monotype at lit.
Fifty shares of Carpet Corporation
sold at 261a and twenty-five shares at
26. Thirty shares of Federal-Amer-
lean Co. common came out at 80, Sc
curity Storage sold at 114A, Mergen-
thaler at 107la and Potomac Electric
Power 515 per cent preferred moved at
108A.
Washington Railway & Electric As
led the bond trading, $4,000 going at
&c. Capital Traction SIS sold at 96,
while both Washington Gas A and B
bonds sold at recent levels.
Heard in Financial District.
In the tabulation of Washington
Bank deposits, which appeared in The
Sunday Star, the Potomac Savings Bank
made an error in the figures sent to
Auditor Audley A. P. Savage, who COM
piled the list Due to a clerical mis-
take the Potomac banks deposits read
e3,999 ,007.64 instead of $500 DOT "a.
The bank regrets that it does not have
thu other $60000 and asks that the
correct figure be published.
William N. Sturtevant has been made
fices of Hartman g. Co. He has been
with the broker house for some time, is
q native of Washington and graduate
Of Yale. He is a member of the Chevy
Chase and Racquet Clubs. G. Bowie
Chapman is resident partner and L. w.
Todd, general manager of the local
ONCE.
April %, which comes on Monday, has
been selected as the date for opening
the new branch bank being erected by
the McLachlen Banking Corp. on Four
teenth treet, opposite the Bureau OF
Engraving and Printing The structure
/ is practically completed and has at
tracted wide attention from passersby,
the style of architecture being entirely
different from that of any other bank
In the city.
Reservations for the coming Spring
dinner of the District Bankers AsSocia-
ton at the Columbia Country Club are
coming in steadily, according to PreSi-
dent w. j. Waller. The occasion prom
ises to be very largely attended. The
dinner does not start until 1880 so that
those who attend the opening ball game
\ will have ample time to attend.
49,. Insurance Officers.
At the meeting of stockholders of
the Corcoran Fire Insurance Co. yes
terday the following officers and di-
land, president; Robert D. Weaver,
vice president; F. H. Ridgway secre-
tary, and James Fl. Pugh, assistant
secretary: directors Albert T. Coumbe,
Watson F. Clark, B. Lowndes Jackson,
Charles E. Marsh. William L. Miller,
Walter S. Pratt, jr., F. H. Ridgway,
Robert D. Weaver and Frank Nc
Clelland.