Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-01-24

r. Jelleff's; Harry v. Ostermayer, credit
manager of Woodward & Lothrop; Her.
bsrt j. Rich of B. Rich's Sons; Ben
Stein. credit manager of Grosner's;
Stephen H. Takes, secretary of the As
ISOLATED Retail Credit Men of Washing
ton; j. w. Tallentire. credit manager
OF the Hecht Co., and Mark Watson,
credit Manager of Dulin & Martin Co.
The directors Immediately organized
and elected officers as follows: Albert G..
Keen, president Eugent Beatty, vice
president, and s. H. Takes, reelected
.or his tenth term as secretary
Harper Heads District Bank.
Directors of the District National
Bank reelected all of the banks off,
GERS yesterday as follows: Robert N.
Harper, president; Joshua Evans. jr.,
executive vice president; w. P. Lips
comb, vice president; C. ]. Cockeler. vice
president; N. L. Sansbury, vice presi-
dent; Hilleary L. Offutt. jr., vice presi-
dent and cashier; William c. LOCKER,
assistant cashier; Theodore S. Mason,
assistant cashier; Barnard & johnson.
attorneys; Wharton E. Lester, counsel;
B. L. Cotton, trust officer, and Ralph p.
Barnard, counsel to trust department.
Ground Broken for New Bank
Ground was broken a few days ago
for the new ONCE of the Washington
Mechanics Savings Bank to be erected
at 31o4 Connecticut avenue northwest,
opposite the foot of Newark street.
Plans for the new building already
published indicate q very unusual type
Of bank architecture. The banks officials
believe the new structure will make a
striking addition to business buildings
in that part of Washington.
It is expected that it will take about
three months to complete the building,
it now being the intention of the man
agement to open the doors for business
around May l. The building, together
with the lot, will represent an expendi-
ture of SIS. 900 or more.
When this building is completed the
institution will have four banks. The
head banking office Is now located at
Eighth and G streets southeast, while
there Is q branch at East Capitol and
Ninth streets and another at 1903
Georgia avenue.
President Ezra Gould left the city
few days ago for Florida and will be at
the Breakers at Palm Beach until
March 1.
Stonier to Address Local Bankers.
Harold Stonier, education director of
the A. !. B., will be the chief speaker at
the banquet tonight at the Raleigh Of
the officers, instructors and board of
governors of washington Chapter. The
second semester class work opens next
Monday night
DR.. Stonier. great favorite in Wash
ington, will bring an inspirational mes
sage from national headquarters. 9th
er speakers will include the president
of the local chapter, A. e. Henze;
Frank M. Perley, chairman of the edu-
cational committee, who viii outline
the program for the coming semester,
and Robert H. Lacey, chairman of the
membership committee. Each of the
instructors viii make a few remarks.
The splendid support given the chap
ter by the financial institutions of
the city and the enthusiasm of the
younger bank employees has placed
washington high on the roll Of honor
Of the national organization. Out of
200 chapters in the United States, only
IL are ahead of Washington chapter
in number of enrolment, and these
chapters are all in larger cities.
Lincoln Corporation Directors.
At the annual meeting of the stock
holders of the Lincoln Investment Cor
poration the following were elected as
directors for the ensuing year: Edward
c. Kriz, Colin H. Livingstone, Kenneth
NJ. Livingstone, Hugo Thran and De
We're r. Weldon.
After the stockholders meeting a d.
rectors' meeting was held for the pur-
pose Of electing officers. The following
were elected: Kenneth NJ. Livingstone
president and treasurer; De We're r
Weldon, vice president, and Edward c.
Kriz, secretary. The president reported
at the stockholders meeting that the
corporation enjoyed a very prosperous
year.
All officers and trustees of w. T. Gal
liner q Bro, Inc, were reelected
They are: G. E. Galliher, president and
treasurer; j. H. Galliher vice president
and general manager, and C. Emery
Gallther, vice president and secretary
The foregoing are also the trustees.
Bankers Get Tax Information.
L. K Sunderland, Internal Revenue
Bureau. gave most timely address on
the Federal Income Tax" before the
auditors section Of the District Bank
ers' Association last night at the Ma
tional Press Club. Over 40 members
were present, the largest attendance the
section ever had. Raymond G. Marx
head Of the section, presided. As q
host Of Washington bankers are right
now making out income tax returns for
oeposttors, many knotty points were
brought up for the QUESTIONABLE which
followed Mr.. Sunderland'S talk. The
discussion was naturally highly tech
nical.
Local Market Strong Today.
The Washington Stock Market wa.
strong today, much stronger than In
several sessions.
Capital Traction stock jumped from
the last sale last week at IS to 81 anC
then advanced to 90 and closed at 92l5
Sales totaled IS shares.
washington Gas Light which sole
on the other day, figured in a 15-sharI
turnover at 106, ex dividend. 1t cloSeC
with LOG bid and lis asked.
Carpet Corporation, which made |
new high yesterday since its listing OF
the local board, sold at IS again today
This issue went on the exchange sew
eral weeks ago around % and has mad
steady fractional advances since.
Potomac Electric per cent preferre,
sold at Ill and the 512 per cent issu.
came out today at 1o7h. Federal
292 and single share of Riggs Nationa
changed hands at sos. Peoples Dru
Stores preferred moved at 1924 an
1o4.
Railway preferred sold at s5H. Bond
were In quiet demand at recent levell
II was apparent today that the renewe
change was being reflected here in bot
stocks and bonds.
Raymond D. Lewis, American Sc
curity g. Trust Co., is receiving man
congratulations on the latest Dollar
and Sense. Greetings from w. J. Evans
national president of the American In
stitute of Banking; the story of tn
Christmas savings clubs, by Eliot +
Thomson. and much institute new
make 1t an extra good number.