Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-01-18


stock were chang 81
ing hands at Sl25 ~
per share, resulting HzS2 -
in the control OF Franz VI Mords,l
the gas company
passing to New York interests.
At last years annual meeting sew
eral changes in the directorate were
made in order that the outside inter-
ests might have their own representa-
ton on the board. The Washington
Gas Light Co. has recently came back
into the limelight through the opposition
of the Public Utilities Commission to
having the corporations affairs con-
trolled by any interests outside OF Wash
ington.
MondeH New Bank Director.
Frank W. Mondell, former leader of
the House of Representatives. has as
sumed his new duties as director in
the District National Bank. Mr.. Mon
dell who was born in st. Louis and
lived in wyoming many years before
coming here. is now a practicing at
torney in Washington.
The former Representative was given
an LII. D. degree by George Washing
ton University in 1921. His political
career began when he was elected to
the Wyoming State Senate, later being
president of that body. He became
Land Office and was first elected to
Congress in 1895. He has been a
delegate from his home State to seven
Republican national conventions and
in 1924 was elected permanent chair
man.
New Seventh Street Director.
The board of directors of the Sew
enth Street Savings Bank at their semi
monthly meeting Thursday elected as
a new member William G. Zimmerman
to fill a vacancy on the board.
Mr.. Zimmerman, native of the Dis
tTict Of Columbia, has been a stock
holder of the bank since its organiza-
ton. He is a realtor, director of the
and president of the German Orphan
Asylum and has been active in the
development and growth OF the City
Of Washington.
Departmental Vice President.
G. E. Mccoy, director in the De-
partmental Bank, succeeded M. o. Ex-
nicios as a vice president of that in
stitution at the annual meeting of
organization held yesterday, Mr.. Exni-
clos remaining a director. j. T. Ex-
nicios was reelected president; Clyde
Reed and E. W. Libbey, vice presidents,
and L. A. Rosafy. secretary. S. Wilson
Earnshaw, former assistant cashier of
the bank, has become secretary-treas-
urer Of the East Washington Savings
Bank, filling the vacancy created by the
resignation Of Charles A. Mccarthy.
National Mortgage Directors.
At a recent meeting Of the stock
holders of the National Mortgage &
Investment Corporation five new di-
rectors were added to the board. They
were DR.. George M. Rufin, Charles w.
Morris, James T. Gibbs, Vernon Owen
and George w. Ofutt.
The following were reelected direc-
tors: Irving o. Ball. James w. Beller,
Col. M. G. Buckley, Macpherson erich
ton, Clarence F. Donohoe, Harold E.
Holbrook, Ashton G. Jones, Crandal
Mackey, Mai j. Garfield Riley, James
P. Schick, w. w. Stewart, Hugh A.
Thrift, George e. Walker and William
D. West
At meeting Of the board of direc-
tors following the stockholders meet
ing the officers of the corporation were
reelected. as follows: Gen. w; A: Hol-
brook, chairman Of the board; James
P. Schick, president; Clarence F. DON
oboe, vice president; William D. West,
treasurer, and Col. M. c. Buckley, Sec
rotary.
Charles P. Ford, who has been vice
president of the Union Cooperative
Insurance Association since the organ
ization Of the company five years ago,
was elected president at the annual
meeting held at the home Office, 1900
Fifteenth street northwest. He takes the
place of James P. Noonan, who was
accidentally killed in this city on De-
cernber 4. William r. Kelly was elected
vino Y1Naeila,,f D,,0 1of
reelected secretary and treasurer.
Charles F. Nesbit, formerly superin-
tendent of insurance in the District of
Columbia, has been general manager of
the company since its organization.
He reports that tho ratio of expense to
premiums in 1929 was less than 19 per
cent, which is considerably below the
income for 1929 increased $714,00o and
the death claims paid amounted to
$4,000
The local company now has over
$62,000,o00 Of life insurance in force.
AT the meeting a dividend of 5 per
cent was declared, previous dividends
having been per cent.
Cleaned in Financial District.
Washington cleared $27,134,ooo this
week, against SCI ,077000 last week.
This Is decrease of Ill per cent from
the corresponding week year ago.
The volume of check payments dur
ing the week ended January IL was
greater than IN either the previous week
or the same week last year, according
to the weekly statement of the De-
partment Of Commerce
BY action taken by the board of di-
rectors the Munsey Trust Co. has trans
ferred 100000 from undivided profits
to surplus, making the present surplus
of the company $4,000
The first dance of the season will
be given by the Riggs Bank Club at
the Willard Hotel this evening from
10 to /. There will be about ITS per-
sons present.
Six Directors Approved.
Interstate Commerce Commission au-
thority has been given six new direc-
tors to sit on the board of the Seaboard
Air Line Railway. New directors in
clude William H. Coverdale Walter W.
Colpitts, Norman H. Davis, Robert Las
sitter, Harvey c. Couch and ". Everit
Macy.