Evening star., 1932-01-20


December 81, 1881, "a s ssS
representing about HXM 49, NSa
81 per cent of the
bank deposits in Robert V. Fleming
the country. Capt.
tai funds of the 100 largest banks this
year total 81 ,356, ,6l5 500. Surplus and
undivided profits total $l,836,476,40O.
These deposits are $4,000, 100000
less than the total for the 100 largest
in 1880, when the 100 banks on the
American Banker roll call showed S22,-
58.279, 900 in deposits. Contraction Of
credit, withdrawal of gold to Europe
and boarding has caused this reduction
In the bank deposits. AS soon as pros
poets Of business profits again are at
tractive, bank deposits will recover
quickly, according to the American
Banker, as boarded money flows back
to the banks, bank credit is extended
to depositors and business picks up.
Chase National Heads List.
First on the list is the Chase Ma
tional Bank, which won that position
IN 1890, after merger of Equitable
Trust Co. gave it a lead of $500 900 600
in deposits over National City Bank.
Chase this year is the largest bank in
the world with deposits Of S1459,-
ll4,o0o. Second on the list is the Ma
tional City Bank Of New York, with
deposits of 81 1,4l8702, 900.
As compared with the totals Of the
British big five" banks, the deposits of
the great American banks are veritably
gigantic. The deposit total Of the
British big FIVE" at their current val
ues in American dollars in all is S5,-
363, ,041 900.
There are 80 cities in which banks
now rank in the 100 largest OF the
country. This is the widest distribu-
ton of such banks in history. Scranton,
Washington, Toledo and Akron are
new cities on this years list. No. 100,
the smallest bank on the list this scar,
is the City Bank Farmers Trust Co. OF
New York City, with deposits Of $46,-
$4,000
Bank Adds Two Directors.
At the annual meeting of the stock
holders of the American Security q
Trust Co. yesterday two additions were
made to the board-Maj. Gist Blair and
S. Percy Thompson, president OF the
W A. Pierce Co. The other directors
elected include c. A. Aspinwall, Harry
K Boss, George w. Brown, Charles A.
Carry. William M Coates, William S.
Corby. william w Everett, William J.
Flather, r.; NJ. @. Gibbs, James M.
Green, Gilbert H. GroSyenor, J. Philip
Hermann. James F. Hood, Joseph
Letter. G. Percy McGlue, William Mont
qonery. Howard Moran, Clarence F.
Norment, NeWbold NoyeS, Howard S.
Reeside. John Saul, James F. Shea,
Corcoran Thorn, Benjamin w. Thoron,
John F. wilkins and George A. q.
Wood.
The Board Of Directors reelected the
following officers: Corcoran Thorn, pres
dent: Howard Moran. vice president;
Frederick P. H. Siddons, secretary;
Charles E Howe, treasurer; David N.
Houston, trust officer; william l. Beale,
real estate officer; J. Damn Faber, au-
dttor: Albert H. Shillington and Robert
L. Father, assistant secretaries; T.
Stanley Holland Arthur G. Nichols, j.
Eliot Moran and Earl G. Jonscher, as
sistant trust officers; William W. keck,
Hans W. Ireland, Percy G. Brady,
James c. Dulin, jr.; Edward E. Swan,
Richard E. Harris, Harry P. White and
Charles c. Boswell, assistant treasurers
John Saul, director, was added to
the Advisory Board of Branches, which
follows: John NJ. Beane, William E.
Bradley, Joseph P. Burke, Alexander s.
Clarke, Charles r. Denny, John e.
Geier, NJ @. Gibbs, Charles M Ham
NETT L. A. Herman, j. Philip Herr
mann, Frank A. johnson, Charles Kat
telmann, @. Percy McGlue, william Mil
Ter, Howard Moran, James c. Nealon,
NJ Frank Rupert, James F. Shea,
Alexander j. Taylor, Henry Wahl,
George NJ. Yeatman and John Saul
Cooper Commercial President.
All officers of Commercial National
Bank were reelected at the dlrecto-
rates annual meeting Of organization
yesterday. They are Wade H. Cooper,
president; James B. Reynolds, James
II. Baden, Laurence A. Slaughter, Wal
ter j. Harrison, vice president; Fred
erick H. Cox, cashier; Bates Warren,
general counsel; Ralph D. Quinter, trust
oficer; Herbert V. Hunt, T. Blackwell
Smith, M. F. Showalter, r. Jesse
Chaney, Nathan B. Scott, I'd Mary j.
winfree, assistant cashiers; F. A. Bar
bour. assistant trust officer.
Directors reelected at the annual
meeting of Mount Vernon Savings
Bank yesterday were James H. Baden,
@. NJ. Bugniazet, E. c. Dawson, Charles
B Ford, Harry w. Hahn, Fred Hewitt,
Robert T. Highfield, William H. john
ston, DR.. E. F. KosS, Frank w. Lee,
William Muehleison, H. Glenn Phelps,
Arthur o. Wharton, Claude H. Wood
ward, r. c. Zantzinger.
All directors and officers of the Sc
curity Storage Co. were reelected as
follows: Directors, c. A. Aspinwall,
w. s. Corby, William ]. Flather C. F.
Norment, Corcoran Thorn. officers.
C. A. Aspinwall, president: c. w, Pim-
per, vice president and treasurer;
Charles P. Ravenburg, secretary; Paul
Alvey. assistant secretary; Helen Howl
son, assistant treasurer.
Trading on ID. c. Exchange.
Potomac Electric 512 per cent pre-
ferred stock opened trading on the
Washington Stock Exchange today,
selling at l03l4 Later 10 more shares
changed at the same price.
Washington Gas IS, series A, came
out in two 81 900 transfers at 100, while
$1,000 Capital Traction IS moved at 60.
Mergenthaler Linotype appeared on
the board today. two small lots chang
ing hands at 81, gain over the last
previous sale.
Thrift Week Plans Pushed Here.
Paul d. Sleeper. chairman Of the Life
Insurance Day Committee Ct the District
Underwriters Association announces
that the insurance leaders Of Washing
ton will have a breakfast at 8 am. to-
morrow at the Hay-Adams House in
connection with Thrift Week Insurance
day, which is tomorrow.
Ihe washington aSSoCLdIlon HAS SEM
announcements and Life Insurance day
material 10 all the banks, schools
churches and Boy Scouts in Washing
ton and copies of circular letters jan
uary l3 and l6. copies of which were
sent to all life insurance officers in thu
city, further describing activities II
date.
New Agents Appointed Here.
The Mutual Benefit Health & Acct
dent Association of Omaha has an
nounced the appointment Of William
Gaines Lipscomb and Horace F. Ashton
as district managers for the association
in Washington with Offices in the Bar
Building. Messrs. Lipscomb and Ash
ton, trading as Lipscomb g. Ashton, ar