Evening star., 1931-12-31
Would Examine AhiIiates.

Controller Pole is again seeking Con-
ornssional support in having his off1ce
examine all security or investment COM
nanies affiliated with national banks.
In his latest report to Congress, ne re-
newed the following suggestions, whlch
incllde more than the examination Oh
these affiliates: ,.-,..,..
~ The enactment Of legislation
vestiug authority in the comptroller OF
the CURRENCY to examine security or IN
vestment companies affiliated with ma
tional banking associations. IheSe
companies are generally so closely al
lied with the national association that
it is not always possible to ascertain
the true condition Of the national asso-
citation without knowing the exact con-
dition of its affiliate.
20. To give the comptroller superW-
sion over national banking associations
Eoirg into voluntary liquidation.
80 That law be enacted making IL
q criminal offense to make, publish, or
circulate maliciously. with intent to
deceive. any false report concerning any
national bank or any other member OF
the Federal reserve system, which I'M
putes insolvency or unSound financial
condition, or which may tend to cause
a general withdrawal Of deposits from
SUCH DdIlk Vi may OJlltl Woo A4lJAAN hAAN
business or good will Of such bank. A
bill, satisfactory to the Treasury De-
partment, was reported by the Banking
and Currency Committee of the House
Of Representatives at the last session OF
Congress, but failed Of passage.
In and Out of the Local Banks.
Alfred H Lawson, a vice president
and director Of the Washington Loan &
Trust Co., has just been elected vice
president of the Y. M. c. A. for 1882.
He has been member of the board Of
managers and chairman OF the Finance
Committee He has also been notified
of his election as vice president of the
fremont Water & Gas Co. Of fremont,
Pa.
Edward ]. Stellwagen, president Of
the Union Trust Co. who has been con-
fined to his home with illness for sew
eral months, Is showing constant i'm
provement and is able to get outdoors
and take motor rides
William D Hoover, president of the
National Savings g. Trust Co, has re-
turned from a Christmas trip to West
Virginia, where he passed the holidays
with his daughter and grandchildren
Fenner Beane e. Ungerleider an
nounce that resort Offices will be main
tanned this WINTER IN ASneVllle, N. u,
Atlantic City, N. j.. Augusta, Ga;
Hollywood Fla; Hot Springs, Ark, and
Miami Beach, Fla.
TOday's Trading on Exchange.
Trading on the Washington Stock
Exchange today opened with 20 shares
of Capital Traction selling at l6.
Twenty more sold on the next trans
action at the same price, both sales
being ex-dividend.
Two 5O-share transactions were re-
corded today in Mergenthaler Linotype
at SIS. Potomac Electric Power 5l2 pei
cent preferred recorded a sale at 1929
and Washington Railway & Electric fig,
ured In a sale of single share at 81
The exchange will be closed tomor-
row. New Year day, but will be oper
Saturday, as usual, as the New York
Stock Exchange is to remain open
Washington banks will also be open al
usual on Saturday
Washington investors will receive
large amounts in local dividends anc
interest this week end. On the Stocl
Exchange alone Al issues are lsteo u
pay dividends in the new few days