Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-06-20

4 N IL Il l.
School. He was in the real estate
business for a short time with B. F,
( Saul & Co., and then turned TO bank,
starting as a runner in the former
Home Savings Bank, which is now the
central branch of the American Security
a. Trust Co.
Leaving this institution, he bacame
associated with the Traders National
I, Bank as a bookkeeper and later was
promoted to the management of its
savings department. The Traders Ma
! tional Bank was absorbed by the
Merchants IL Mechanics Bank. which
Z afterward became the United States
( Trust Co. When the latter institution
opened a branch at Twentieth street
: ana Pennsylvania avenue Mr.. How
ard became its manager. He remained
there until July 8, 1912, when he was
elected cashier of the Seventh Street
Savings Bank, being promoted to the
vice presidency Of that bank in 1928.
Mr.. Plugge, also q native Washing
tonian, was a well known merchant
when he became an organizer and vice
president Of the Seventh Street Savings
Bank on its inception in 1912. He was
elected president in 1925, on the death
Of Somerset r. Waters.
Dividend Also Declared.
In addition to Mr.. Plugge and Mr..
Howard the other officers of the bank
include Harry kaufman, vice president
John r. Wright, vice president; John
NJ. DeMarco, assistant cashier, and
Charles S. Shreve, counsel. The present
directors follow:
W. Elmer Bacon, Henry G. Bergling,
Willoughby S. Chesley, Isadore Freund,
John D; Howard, Harry Kaufman, John
j. Kolb, Michael O'Hanlon, Roger
O'Hanlon, Isaac Gutenberg Alexander
H. Pitt, August H. Plugge, Henry j.
Rupert John A. Schaefer Thomas S.
Sergeon, Charles S. Shreve, Patrick
Shugrue, Joseph B. Thomas, John F
Weyrich and John r. Wright.
At yesterdays meeting the directors
also declared the regular semi-annual
dividend of 6 per cent, payable on June
30 to stockholders Of record June 81.
Endicott New Auditors Head.
At the annual meeting Of the audi
tors section of the District of Column
bia Bankers Association, held last night
at Olney Inn Ralph Endicott. auditor
OF the Washington Loan & Trust Co,
was elected chairman of the executive
council. succeeding Raymond G. Marx,
controller OF Riggs.
Arthur j. Linn of the Federal-Ameri-
can was elected vice chairman and
William NJ. Harris OF the Lincoln
National took his place as secretary
treasurer. Two other members were
elected to the council, Raymond G.
Marx of Riggs and A. ]. Bitterly of the
Munsey Trust Co.
AS chairman during the past year
Mr. Marx made a full report on the
work accomplished and the subjects
discussed. One of the most important
studies related to Improbable accounts.
Mr.. Endicott, the new chairman, has
taken great interest in the section ever
since 1t was established.
Metropolitan Declares Extra.
The directors of the National Metro
politan Bank have declared an extra
dividend of per cent usually voted at
this time. 1t is payable on July and
the books will be closed from June 81
to June 80, inclusive.
The Arundel Corporation has declared
the regular quarterly dividend of rs
cents per share on the common stock,
payable July / to stock of record June
%. This stock Is listed on the Balti-
more Exchange and quite little of Ii
Is held in Washington.
The American Ice Co. through its
New York and Brooklyn subsidiary, the
Knickerbocker Ice Co, has purchased
the manufacturing facilities and BUSH
ness OF B. M. C. Ice Co. of Glencove,
L. l., serving Glencove, Roslyn and
nearby points. The business will be
merged with the Knickerbocker COM
pany's Long Island operations. Ameri-
can Ice and subsidiaries now operates
. chain of "a plants along the Atlantic
seaboard, including one in Washington.
Quiet Day on d. C. Exchange.
Three bank stocks changed hands
during light trading on the Washington
Stock Exchange TODAY The first sale
was 10 shares of Continental Trust at
IFS. This was followed by a three
share sale in Federal-American Ma
tional at 265 while five shares Of Riggs
National sold at 470
Norfolk d. Washington Steamboat
rights moved at IS, rs shares of Mer-
genthaler came out at 9734 ex-dividend.
The ex-dividend list Of bank stocks was
expanded today until 1t includes the
Columbia, Commercial. District, Fed
eral-American, Merchants Bank g.
Trust. Bank of Commerce & Savings
and the East Washington Sayings.
In the bond division a 81 900 sale in
Capital Traction SIS Vas recorded at
91la, $1,000 D. c. Paeer IS moved at
10 and 81 900 Washington Gas B regi-
tered 1854. Several $500 and $500
sales in Washington Gas series A bonds
were made st 1919.
The UNLISTED securities were given
their weekly attention and called off
by President Watson The bid on Park
Savings stock was raised from go to So
The bid on Washington Base Ball
stock went from 60 to IS and the asked
price was lowered from IS to 30. A
higher bid of 1917 is now being offered
on Washington Savings Bank stock.