Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-04-09

having graduated Karl W. corby.
from George
Washington University Law School II
1902 He is also a former president o.
the South Carolina Bankers Associa-
ton. He will give one of the addresses
at tomorrow's meeting, his subject be-
ing Bank Suspensions"
Edward F. Colladay of this city is an
ether speaker on the program. He vii
discuss state Taxation of Nationa
Banks" John NJ Miller. jr, promi-
nent Richmond banker, is also on the
program, his topic being THE Evils OF
High Rates of Interest on Savings Ac-
counts"
One of the highlights of the seventh
annual meeting will be the talk by
Gov. Seay of the Federal Reserve Bank
of Richmond on Reserve Happ cntngs
Gov Seay always addresses the stock
holders meeting and gives the members
an insiders view of what has been tax
ing place during the year, and why.
Mckee Slated for President.
The office of president changes every
year H H. Mckee. president of the
National Capital Bank of this city, is
now vice president and it is anticipated
by other members that he will be the
next president. George H. Keesee of
the Richmond Reserve Bank has per-
nanent job as secretary. The members
of. the Advisory Committee and the
years in which their terms expire are
as follows:
George R. Gehr. chairman, Westmin-
ster, Nd, 1881; w. B. Copper, Chester
town, Md. 1882: Floyd E. Davis, Wash
ington, D. c., 1881; j. Frank White
Washington, d. c., 1892; c. S. Carter,
Bristol, Va. 1891; Sam H. Plummer
Newport News, Va, 1882; D. J. F.
Strother, WEIGH, w. Va, 1881 o. Jay
Fleming, Grafton, w. Va, 1882; S. N
Turnage, Ayden, N. c., 1882; w l.
Glover, Orangeburg, S. c., 1881 Burnell
Sloan. Columbia. S. c., 1882, and Waldo
Newcomer, Baltimore, Md, ex officio,
1881.
1t is expected that Eugene Meyer,
governor of the Federal Reserve Sys-
tenn; Charts S. Hamlin and George
r. James. members of the Federal Re
serve Board, will be present at tomor-
rows meeting Among the Washington
bankers who will attend are George o.
Vass, vice president and cashier of the
Riggs National Bank; John Poole, presi-
Dent and Wilmer j. Waller, vice presi-
dent Of the F'ederal-American National
Bank g. Trust Co.. and H. H Mckee,
head of the National Capital Bank.
The Enterprise Serial Building Asso-
night, the following officers and direc-
tors being elected:
President, James E. Connolly; vice
president, John T. Crowley; secretary,
James F. Shea; treasurer, G. Percy
McGlue. Directors, George l. Berger,
James A. Cahill. jr. Martin A. Cook,
Bernard r. Edwards, P F. Hannah,
Maurice Fitzgerald. Ralph A. Judd, NJ
A. keane, NJ. J. Keane, Edward T.
kehoe, Fred KrauS and P. T. INLAND.
The board elected William P Nor
moyle and Bernard T. Fitzgerald as
trustees for the year and @. Percy Nc
Glue as attorney The secretary's re-
port showed assets as of April l, 1881.
10 be 81, 321, 303.56, an increase of ST.
635.24 over last year. over 1000 new
shares Of stock were subscribed during
1880, the largest number of shares sold
during any one year in the history
OF the association.
The Enterprise has a record of SO
years of successful management, and
now has over 1850 members.
Corby on Governing Board.
At the recent special meeting of the
members OF the Washington Stock Ex-
change Karl w. Corby was elected to
the board of governors to fill the va
cancy caused by the death of George
o. Watson. Mr.. Corby is a partner
in W. B. Hibbs & Co. having become
affiliated with w. B. Hibbs and w. w.
Spaid at the same time that j. Thil-
man Hendrick became a partner. The
nrn has three exchange memberships.
as Mr.. Hibbs and Mr.. Spaid have also
had seats for years.
Mr.. Corby is widely known Wash
1ngton business man. He was at one
time very active in the management
OF the Corby Baking Co., but when
that concern became a unit of the Con-
tinental Baking Co, national organi-
cation, Mr.. Corby decided to enter the
brokerage field. He is a director in
the Lanston Monotype Co. and several
otner important corporations, and be-
came member of the washington
Stock Exchange on May 3, 1929.
Trading on d. c. Exchange.
Trading on the Washington Stock
Exchange today opened with Real
Estate Mortgage & Guaranty preferred
selling at 634.
This transaction was followed by
three 25-share sales in Carpet Corpora
ton at "a
Forty shares Of National Mortgage &
Investment preferred came out on The
board at rs and Peoples Drug Stores
registered lob in the first transfer since
the March sales were reported, showing
business.
Federal American Co. preferred sold
at 95 and Federal American Co. com.
mon moved at. %. Washington Railway
z Electric changed hands at $685.
Bond trading was quiet and confined
10 Washington Gas issues, following
several days. Of more than usual &C.
tlVity in local senior securities.
Heard IN Financial District.
Directors Of the Washington Loan &
Trust Co. yesterday declared the regulal
quarterly dividend Of per cent, payable
May. to stockholders Of record or
April "a.
Peoples Drug Stores, Inc, today re-
ported March sales as 81, Al, $50
against 81 433, Ola, an increase of SI6,644
or IL per cent. Sales for the frs
quarter totaled $4,24l, 47S compared
with $4,o27, 543 IN the first three month
OF 1880, gain Of s2l3,935, or So pc
cent.
While visiting here Montagu Norman
governor OF the Bank Of England. ha
paid his respects to Secretary of Stat
Stinson and is understood to have out
lined his views ON present world eco
nomic conditions.
The Riggs Bank Club will hold it
annual Spring dance at the Willard
next Saturday evening, April IL. Tn
committee has arranged a special pro
gram in addition to the dancing ant
an elaborate luncheon.
Henry Shepherd, who has Just JONES
the local Office of Hemphill, Noyes 4
Co, is a native. of Shepherdstown, w
Va, has lived here 10 years and beef
connected with several local brokerag
Offices.
DR.. Stephen I. Miller, executive man
ager of National Association of Credi
Men, asserts that the United States, il
its responsibility as creditor Natior
is morally and economically bound t
make loans to other countries to al
ia stabilizing foreign business.