Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-05-15

E. ]! :: = J" !:
the Columbia Ma
tional Bank sec
and VAes president.
Rose L. Royce of S
t h e washington .sszS5ssy
Loan g. Trust Co. %;$ -
was elected secre-
tary. Eve a : 80
In the contests,
Walton l.. Sander Aubrey o. DoOley.
son, Federal-Ame
lean National Bank & Trust Co., was
elected treasurer over Henry F. Kimball,
American Security & Trust Co., and
Miss Constance Fogle, Riggs National
Bank. was elected assistant secretary
over Miss Christine Haggerty, Union
Trust Co. j. Earle McGeary, W. B.
Hibbs e. Co, defeated Kenneth Brig
field, Riggs National Bank, for the office
Of chief consul.
On Board Of Governors.
Miss Anna P. Crawford, McLachlen
Banking Corporation; Robert E. Lee,
Lincoln National Bank; Alfrew W
Sherman American Security 81 Trust
Co., and Robert A. SiSSon, Washington
Savings Bank, were elected to the board
of governors for two years and Norman
z. Towson, washington Loan & Trust
Co, for one.
Frank M. Perley, American Security
& Trust Co., retiring president, auto
rlatically becomes a member OF the
Board of Governors for three years.
I. ]. Roberts, Riggs National Bank;
Robert H. Lacy, William G. Winstead,
National Metropolitan Bank; John M.
DeNIarco, Seventh Street Savings Bank,
and Henry F. Kimball retire from the
board. Miss S. Winifred Burwel, Ma
tional Metropolitan Bank; Robert G.
Whitton, First National Bank OF Alex
andria, Va; A. E. Henze, w. B. Hfbbs
g. Co.: T. Hunton Leith, Security Saw
tngs g. Commercial Bank, and James
A. Soper, Lincoln National Bank, hold
over.
President Active in Chapter.
The new president of the local A. l.
b. organization entered the banking
profession in 1924 with the CONNER
cial National Bank. Mr.. Dooley Is a
native of Virginia and, after graduating
from high school, did secretarial work
for some time. During the war he
served with the American forces in
France. After the war he studied law
and graduated from the Georgetown
Law School and from National Univer-
sity. He is chairman of the National
Publicity Committee Of the A. I. B.
President Dooley Is member OF the
Virginia bar, former editor Of the
chapter publication, Dollars and
Sense and a member of the Board OF
Governors of the chapter.
He was made assistant trust of6cer
of the Commercial National Bank In
1927 and became assistant trust officer
of the Federal-American National Bank
g. Trust Co. in 1929.
There we're some very lively con-
tests for some of the Offices. The
closest contest was that for treasurer,
there being but seven votes difference.
Safe Deposit Company DissoIves.
The. Washington Safe Deposit Co.,
Inc, located at 9l6-18 Pennsylvania
avenue northwest, which recently voted
to dissolve, is now paying the stock
holders in the amount Of 500 per share.
recent letter to the stockholders Of
the Washington Safe Deposit Co. called
attention to the fact that the United
States, by condemnation, has taken the
real estate of the firm which is included
in the Governments big building prof.
ect area and asked the company to sur
render possession Immediately.
The directors gave the matter careful
consideration and believed unanimously
that it was for the benefit of the stock
holders to dissolve the concern At a
special meeting of the stockholders on
the 1900 outstanding, all the shares
represented at the meeting, TO dissolve
the company The directors were au-
thoriZed to wind up the company's af-
fairs, iquidate its assets and make dis
tribution among the stockholders.
The directors are paying 500 per share
70 the stockholders Of record as fast
as the certificates are presented. A
later distribution of funds will be made
as soon as full liquidation is completed
all 1881 taxes paid, etc. The pay
ments are being made at the company's
office. The company has been in bus
mess many years. The president is
George SpranSy; Watson F. Clark is
vice president and Erskine Gordon,
secretary and treasurer.
Today's Trading on Exchange.
Both type stocks were active on the
Washington Stock Exchange today
Lanston Monotype opened at 99A and
closed at SO. Mergenthaler Linotype
figured in several small lot sales at 80
Capital Traction again sold at 34A
Riggs National Bank stock changed
hands at 375 and quite a little inter-
est was manifested in the bond division
Fernando Cuniberti. chairman Of the
board OF the International Exchange
Bank, who will sail for Europe May %
bank at dinner al his home last night
following meeting CT the board OF
directors. President Joseph Schiavone
on behalf of the board and the bank
officers, presented the chairman with q
handsome travelling bag and wished him
pleasant trip. There were about 20
present.
Cleaned In Financial District.
The board of directors OF the Nc
Lachlen Banking Corporation yesterday
presented the president, Lanier P. Nc.
Lachlen, with a handsome loving cur
especially in honor OF his service a.
president Of the District Bankers AS
ISOLATION during the past year. The gift
conveyed the esteem and affection o,
the members of the board and also
showed their pride in having one Of
their officials at the head Of the bank.
erS association. The names Of the di-
rectors were engraved on the gift.
Jesse L. Suter, broker long connected
with the local Office Of Hartman 81 Co.
sailed aboard the Isle de France today
from New York for Paris He will take
a short vacation, returning 70 Washing.
ton in June.
The Treasury reports that the offer.
ing Of 100000, 900 in Treasury bills ha.
been heavily oversubscribed.
The District Of Columbia Life Under.
writer's Association will hold a specia
meeting in the Board Of Trade rooms
in The Star Building Monday noon Il
elect three new directors.
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