Evening star., 1932-01-22

$oh3 "; M.t.yiss ayiss, 1.
and Elias Vein A. E. Henre.
stein.
At the organization meeting of the
newly elected directors the following
officers were elected: Frank j. Kauf-
mann, ir, president; Hugh w. Barr,
vice president: Leonard H. Hoyle,
cashier: Walter E Birch, assistant
cashier; Henry A. Schweinhaut, counsel.
Henze Announces Forum Plans.
The first of a series of forum meet
ines. arranged by graduates of Wash
ington Chapter, American Institute OF
Banking. will be conducted by James
c. Dulin Thursday, January %. at 8
pm, in the American Security 81
Trust Building. according to announce
ment by A. E. Henze Of w. B. HlooS
&, Co, who is chairman of the Forum
Committee. The subject at the open
ing forum will be Collateral Loans
and Margin Buying" Some very help-
full discussions are anticipated during
the series, which is open to all grad
yates of the institute. 1t was decldeo
that this year it would be better 10
have these meetings without any eX-
pense attached, the committee agreeing
to omit the usual dinners previous to
the forum talks
The other members Of the Forum
Committee are I. J. Roberts assistant
cashier. Riggs National Bank. and
James A. Soper, vice president and
cashier. Lincoln National Bank. The
discussions will be open to junior bank
c.icers and senior clerks.
Mutual Building Officers.
At the annual meeting of the Mu-
tual Building Association the following
officers and directors we're elected for
the ensuing year: Thomas P. Brown,
president; J. Walter Stephenson, treas
urer; Thomas E. Petty secretary. and
Joseph P Burke. Joseph Dant, Percy
c. Brady, Joseph Fitzgerald aid Max
Kohner directors. The association is
entering its fortieth year in success
fully financing home purchasers in the
District.
Insurance Leaders Optimistic.
Business conditions in 1882 will be
better than in 1881, according to views
of prominent men connected with the
New York Life Insurance Co., includ-
ing the president, Sidney Simon, of
the Washington Office, who made an
outstanding record in the Southern
division in the last two months of
1881, and Agency Director E. D. KreW-
son. who have Just returned from the
company's annual convention Of agency
managers at Miami, Fla. 1t was at
that meeting that an increase in op-
timism was noted. 1882 quotas for the
various Offices being based on that
belief.
Park Savings Annex Completed
officials of the Park Savings Bank
issued invitations to an open house"
inspection of the banks large and
handsome new annex, which will be
exhibited to the public tomorrow from
$50 am. to pm. Officials who will
greet the visitors include Robert S.
Stunz, newly elected executive presi-
dent; William c. Strauss, cashier
Russell A. Houser and H. Marvin Hern-
con, assistant cashiers, while at various
times during the day other officers will
also be present, among Tthem George
E. Walker, chairman of the board; A.
F. Jorss, the new president; George A.
Provost, vice president and general
counsel, and Wade H. Atkinson, vice
president.
The annex increases the lobby space
of the bank so per cent and the room
for the transaction Of general business
by 400 per cent 1t is the third time
the bank has been enlarged since it
was started in 1909 The counters are
the new low, continual shelf type
mounted with an aluminium rail, the
oldstyle cages having been removed.
Departmental Officers Elected.
Reelection Of all officers of the Depart
mental Bank has been announced fol-
lowing the annual meeting of organi-
zation of the board of directors They
are j. T. EXnicioS, president: c. E.
Mccoy, Clyde Reed and E. w Libbey,
vice presidents; L. A. Rosafy secretary
American Associated Dealers, Inc,
sponsor and distributor Of trusteed
American bank shares, announces cleo
tion Of Hans Klehmet as vice president,
representing the company in Baltimore
Washington and Eastern Pennsylvania
Mr.. Klehmet has had IA years expert
ence in distribution of securities He
will make his headquarters in Phila
delphia.
American Stores Co. declared the
regular quarterly dividend of so cents
on the common stock, payable April !
TO stock of record March Is.
Chesapeake & Ohio 1881 net, s347
g share; s4.44 in 1880
Safe Deposit Section Meets.
The Safe Deposit Section of the Dis
interesting meeting last night at the
Hamilton Hotel, with Baltimore finan-
ciers as guests. Andrew H. Troeger
president of the Maryland State Safe
Deposit Association, was the guest
speaker, and others present from the
Monument City included Y. NJ. Belt
president Baltimore Safe Deposit Asso-
citation; G. J. Flanagan secretary OF
the same organization; Charles Stro-
hekn, Howard w. Wharton and Walter
P. Duvall, prominent bankers.
The guests were entertained at dinner
and q buffet lunch followed the meet
ing, which was presided over by Joseph
D. Yerkes, chairman OF the section
Hans w. Ireland is vice chairman ano
Earle M. Amick, secretary.
Mergenthaler Is Stronger.
In the trading on the Washington
Stock Exchange today, Mergenthaiel
Linotype displayed more strength. Ihlr'
cal of