Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-01-23


am ting to
$276,52l91. On January 10 the COM
pany made o $25, 900 dividend payment.
The report presents an interesting
comparison of assets and liabilities for
1927, 1928, 1929 and 1880. The value
Of the warehouse property in 1927 was
$7S5. 05S, while 1t Is now placed at
$841.344 Total assets in 1927 were
$I,I63,563; in 1928, 81 6l.447: in 1929,
$i.257.685, and in 1880. $l.241 1863.
During the four-year period the cap
ital has remained unchanged at $780,.
900 and the surplus has remained at
$4,000. Undivided profits have adj
Vanced from S274, 06l.76 to $305 ,598.49.
Reserves for depreciation have also ad-
vanced from 5000, 121.91 to $276,52i.91.
The company has just put a new
pension plan in force In addition to
the group life, insurance and the OPP
portunity for stock ownership already
In vogue. The scope of the companys
motor-van service has. been consider
ably enlarged during the past year.
Mr.. Aspinwali tells the stockholders.
The stock is listed on the Washington
Exchange and is now selling around
ITO per share. It's par value is $25.
The officers just reelected for the
coming year, In addition to Mr.. Aspin-
wall, the president, are: G. w.
Pimper, vice president and treasurer:
Charles p. Ravenburg, secretary; PAU
Alvey, assistant secretary. and Miss
Helen Howison, assistant treasurer.
Insurance. Returns Compared.
That washington insurance agents
are still going strong is shown by the
fact that new insurance written in
December was but / per cent under
the amount written in December. 1929.
Some of the Southern States. however,
were not so lucky. Marylani insurance
sales were OF per cent, Virginia,
per cent; North Carolina, Is per cent;
west Virginia, 81 per cent; Florida, IL
per cent; Georgia, %, and South
Carolina, 20 per cent, while mississippi
made the poorest showing OF any
State in the Union, with slump OF
The average decline for the United
states as a whole was 13 per cent.
with the exception Of Delaware's II
Der cent gain, the best showing was
made by Maine, with per cent az
vance. Thirty-two States were below
the Is per cent decline for the country
as o whole.
Larner Heads Insurance Firm.
At the annual meeting of the stock
holders of the Home Plate Glass In
surance Co. Of the City of washington
held recently, the following trustees
were chosen for the ensuing year:
Messrs. Byron s. Adams, Charles n.
Brown, George NJ. Emmericn, Albert =.
Gore, Charles E. Hood, John B. Larner
and william H. Somerven. The board
orcanized with the selection Of the
following officers: John B. Larner, pres
ident: Byron S. Adams, vice president;
William H. SCmervell, secretary-treas-
urer, and william H. Marbury, assist
ant secretary-treasurer This company
was incorporated under the laws OF the
District Of Columbia on February II,
1882, and commenced business February
IS, 1882.
Stonier Stirs Junior Bankers.
DR.. Harold Stonier, national educa-
tional director of the American Insti-
tute of Banking, made splendid in
spirational speech before members OF
washington chapter at the Shoreham
Hotel last night. The occasion was an
educational meeting preparatory TO the
opening of the second semester, Mr..
Stonier spoke of the national educa-
tional features Of the organization and
of the growing importance Of training
in the many sides of banking. He spoke
In complimentary terms Of the work OF
Washington chapter, one OF the out
standing organizations OF the country
He outlined recent ana contemplated
changes in the educational work and
the growth Of the organization
There was a fine attendance OF the
members of the faculty, board OF gov.
ernors, officers, consuls and members OF
the Educational Committee. Aubrey o.
Dooley. chairman Of the Educational
1ractAAA AGoy cnnFf and
interesting talks were given. aside from
the main address.
Evans Made Board Chairman.
In addition to his duties as president
Of the District National Bank, Joshua
Evans, jr., was elected chairman Of the
board at meeting yesterday Of the
directors. For several months Col. Rob-
ert N Harper has signified his inten-
ton OF retiring. The other officers
elected at the same time include Will
liam p. Lipscomb and C. j. Gockeler
vice president; Hilleary L. Offutt, vice
president and cashier; Charles c. Rog-
ers, vice president; Theodore s. Mason,
William c. LOCKER Arthur NJ. Atkinson,
Raymond p. Lochte and George D. See,
assistant cashiers; Barnard and John
son, attorneys: Wharton E. Lester,
Counsel; Barnum L. Cotton, trust ON
Ger; Ralph w. Howard. jr, assistant
trust officer, and Ralph p. Barnard,
counsel to trust department.
Heard I'm Financial District.
While the total Christmas Savings
Club figures for the present year have
not been reported to banking headquar-
oers, It Is evident that last years rec
ord in amount of money subscribed in
about 80 local banks, as we'll as the
number Of members, will be passed. II
the few banks yet to be heard from
only keep up to the 1880 figures, a new
high record will be established.
TOday's Trading on Exchange.
Prices were strong on the Washington
Stock Exchange today.
Merchants Transfer & Storage COM
mon led the market In volume, So
shares changing hands in several differ
ent sales at 100.
Potomac Electric Power per cent
preferred sold ..t 1l3, while the 512 per
cent preferred closed at 1921. Lanston
sold at los and q single share OF
American Security & Trust came out
at 343. Railway a. Electric preferred
moved at 80.
The days largest bond sale was q
5000 transfer in Potomac Electric
Power IS. priced at l081a.
The District Bankers Association
council Of administration will meet lats
this afternoon at headquarters for the
disposition of number of routine mat
ters. At Monday nights meeting at ths
willard several important reports will
be presented. 1t is also announced thai
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