Evening star., 1931-12-01
CHRISTMAS SAVING
HABIT IS GROWING
Banks Report More Enroll.
mentS Than at Start
of Last Year.
BY EDWARD c. STONE.

b1 ED"AhD y. S1ONE.
washington's 1882 Christmas savings
clubs are starting off with bang, ac-
cording to information obtained today
from many of the 81 banks which will
conduct them during the coming year.
The clubs opened yesterday. At the
end of the day many banks found they
had more enrollmentS than on the
opening day last year or the year be-
fore.
with some 100000 people in Wash
ineton the Christmas savings club idea
seems to have become a habit. In no
other way can they so successfully save
up funds for the holiday season. 1t
was learned today that in many in
stances property owners are using the
clubs as the best place to lay aside
money for the later payments of taxes.
The money is also used in scores OF
other ways instead for the sole pur-
chase OF Yuletide gifts.
The paying off of mortgages, meeting
OF insurance premiums, use of the
money for investments and for Sum-
mer travelling have all come to get their
share of the club funds.
The local banks conducting clubs for
the coming year include the American
Security g. Trust Co, AnacoStia Bank,
Bank of Brightwood, Bank OF Commerce
&.Savings, Chevy Chase Savings, Column
bia National, Commercial National. Dis
trict National, East Washington Savings,
Federal American Bank a. Trust Co.,
Franklin National, Liberty National,
Lincoln National McLachlen Banking
Corporation, Mount Vernon Savings,
Munsey Trust Co., National Bank OF
Washington Water Street Branch Ma
tional Savings & Trust Co. Northeast
Savings, North Capitol Savings, Park
Savings. Potomac Savings, Riggs Ma
tional, Second National. Security Saw
ings & Commercial, Union Trust Co.,
WASHINGTON Loan g. Trust Co., wash
ington Mechanics Savings Bank and
Washington Savings Bank.
Local Men Seek R-K-o Proxies.
There is to be a special meeting Of
the stockholders of the Radio Keith
Orpheum Corporation. on December 10,
in New York, for action on the pro-
corporation requirements. A letter
from Hiram S. Brown to the stock
holders stresses the importance OF nav
ing ample proxies so that no post
ponement of the business session will
be necessary.
Due to the limited time before the
meeting, Hsrdie Meakin. local manager
of the Radio-Keith-O Orphun. and Z: L.
McNamee, as manager of the RKO-
Radio-Pathe Distributing Corporation,
which distributes the motion pictures
made by the company. have been di-
rected by the New York off1ce to get in
personal contact with as many OF the
stockholders in Washington as possible
and request them to forward their
proxies at once.
These two theatrical men were de-
cidedly busy today. They have been
told by the New York Office that adop-
tion of the plan is held imperative, as
the company must have added funds at
once There has been some opposition
to the proposal. To meet this. the Of
ficials say that any better plan than
the one now offered will be acceptable
to them, if such proposal is presented
at the meeting.
Large Local Bond Turnover.
There was another large turnover in
local bond issues on the Washington
Stock Exchange today.
The market opened with Georgetown
Gas Light SIS selling at 10l on two
81 900 and one $500 transfers Wash
ington Gas SIS again sold at par on
sales of four 81 900 bonds.
Washington Railway & Electric Is
came out at 861a, and five 81 900 trans
actions were recorded in AnacoStia &
Potomac Railway SIS at 88. The bond
series B, selling at 101l for baby
bond
one lo-share and one 5-share lot OF
Capital Traction stock sold today at
20h, new low. Railway g. Electric
preferred and Potomac Power issues
came out at recent levels.
Rewarded for Long Service.
Henry H. Shackleford. assistant cash.
fer of the Federal-American National
Bank & Trust Co., has been presented
o gold watch by the board of directors
Of the bank in recognition of his COM
pletion Of 25 years service with the in
stitution. He has made an enviable rec
ord during the quarter century, and his
associates were only too glad to show
their appreciation Of his real worth to
the bank
Large Attendance Predicted.
The District Of Columbia Life Under
writer's Association and the f1duciaries
section of the District Bankers Asso-
ciation will have their Joint meeting
and dinner on Saturday evening at the
Willard. B. L. Cotton, chairman of
the Dinner Committee. announced to-
day that large attendance is assured,
0SSpAAhA6 " OiAC odboAlSC ACoIL NdblOAAo'
Frank L. Jones, one of the highest Off
cials in the Equitable, is to be the
speaker. He is a fine speaker and
comes here with fine record in the
insurance field. He is to give an ad-
dress OF special interest to trust off,
GERS In the local banks.
Heard In Financial District.
Secretary F.P. H. Siddons has notified
members OF the District Bankers Asso-
citation that Commissioner Herbert S
Crosby and Pelham D. Glassford. chief
OF the Metropolitan Police Department
will be guests Of honor at the midweek
luncheon tomorrow. An unusually large
turnout Of bankers is anticipated.
Carroll Morgan. one of the managers
of the Washington Office of G. M. P
Murphy & Co. has just returned from
q week at Hot Springs, Va. He found
the golf links in excellent condition.
Washington stands at the top of list
OF cities offering major sales oppor-
tunity, according to survey and fore
cast made by the Business Economic
Digest. In the group with Washington
only three other cities are listed as Of
fering the best sales opportunities. which
according to the Digest. should not be
neglected" These cities are Lead, S
Oak. Manchester, N H., and Trenton
N J.
Swift g. Co.'S Chicago Office an
nounces the employment of Frank r
Warton to specialize on the disposition
OF certain Of its inactive and unrelated
t1rOnarfic~