Evening star., 1933-06-11
CH|PMAN TO RETIRE
ASCAHTAL PARTNER
in HARTMAN & CO..
Broker to Manage New Office
Here of LaidIaW & Co.,
Opening on July !.
d. C. BANK CONVENTION
1 LAUDED BY FINANCIERS
Officers Experienced in Association
| Affairs-Gov. Blacks Address
an Outstanding Feature.
BY EDWARD c. STONE

i BY EDWARD C. STONE
G.. Bowie Chapman will retire on July
a as a resident partner of Hartman 4
Co. after % years connection with the
New York brokerage house, in order to
represent the firm of Laidlaw & Co.,
also members OF the New York Stock
Exchange.
The Washington offices of Laidlaw &
Co. will be located in the handsome
building at 727 Fifteenth street north
west, the former home Of Swartzell,
Rheem Hensey. an investment firm.
Extensive changes are being made by
the new firm to give complete board
room and all other brokerage facilities.
Laidlaw & Co. is one of the Oldest
Wall street houses, with its main ONCE
ht 26 Broadway. The firm was estab-
lished in 1842, and now consists OF
Edward Roesler, Gilbert y. Burdett,
Elliot c. r. Laidlaw, Manuel j. Johnson,
Henry w. Brewer, Edward RoeSler, Jr.,
Lorraine F. Pitman, Isabella w. Laid
law, special, and Henry McSweeney,
special partner. 1t has been q member
pf the New York Stock Exchange since
ds78. The firm also has membership
on the New York Curb Exchange,
Metals Exchange and Chicago Board
of Trade.
Branches In Other Cities.
{ The company has branch Offices in
Boston, Oil City, Pa, Montreal, Toronto
and Rutland, VT. For the convenience
of customers visiting New York the
brokers have q branch office at 252
Park avenue. The firm does commits
sion business only and does not partici-
D<,& a. d., .Iox- -xxyy-tff
Edward Roesler has been q member
of the board of governors of the New
York Stock Exchange for the last 10
years. It is interesting to note that
between 1850 and 1860 the concern
gradually evolved into banking office
and in 1864 became agents for the
Bank of California, San Francisco.
The company started its wire business
In 1901
G Bowie Chapman, who will manage
the Washington Office, has been in the
brokerage business more than 40 years,
only one other broker In the city having
been engaged in the same line of busi-
ness over q longer period. He has been
a director in several out-of-town corpor-
atoms at one time and another. Dur
ing his long connection with Hartman
& Co., as partner, he has built up an
enviable business.
Mr.. Chapman announced yesterday
that he expects to take his present per-
sonnel to the new Offices.
d. C. Bank Convention Lauded.
washington bankers are high in their
praises of the one-day convention Of
the District Bankers Association, held
at the Columbia Country Club in Chevy
Chase. The idea of condensing the
usual four-day June convention into
o single days session, near home, proved
q wise move. The business session was
handled with dispatch, the annual re-
port showing that much has been &C
complished in spite of the unusual
banking conditions.
The committee on resolutions gave
great credit to the clearing house COM
anittee for the endless amount of work
done before, during and after the ma
tional banking moratorium. The reso-
luton did not name the clearing house
members but they are H. H. Mckee,
Robert ". Fleming, George L. Starkey,
Frank ]. Stryker, C. F. Jacobsen and
Victor B. Deyber, secretary.
The bankers association paid Mr..
Fleming a high tribute in urging his
election to one Of the highest offices in
the next annual convention which takes
place in Chicago in the fall. Mr. Flem-
Ing clearly is entitled to the honor be-
cause of the brilliant work he has done
as chairman of the A.. B. A. national
Legislative committee, regardless of a
host Of other reasons. His legislative
work has made him national figure
In the banking fraternity. The local
bankers association now Is out to see
that he is given proper and deserved
reward for his labor.
New Officers Able Bankers.
George c. vass, new president Of the
District Bankers Association, is certain
to have successful administration. His
wide experience warrants such a pre-
diction. The other officers were all
moved up notch, F. p H. Siddons and
Charles H. Doing, while the secretary
ship went to Karl w. Corby, a new
figure in association affairs who was
chairman of the committee of arrange
ments for this years annual meeting
and dinner. Albert S. Gately starts his
Oath year as treasurer, after reporting
the usual liberal balance on hand.
Gov. Eugene S. Blacks address at the
annual dinner will long be remembered
The new head Of the Federal Reserve
System says the board has but one aim
in its work-to do everything possible
to bring back prosperity That funda-
mental business conditions have already
improved, he has no doubt. That vastly
greater economic advances are not sc
far ahead, he is equally positive. Such
faith from a man with his sound
reasoning and experience, frightened
the outlook of every banker present
~.
standing committees for the coming
year.
Real Estate Officers Elected.
At the annual stockholders meeting
of the Real Estate Mortgage & Guar.
anty Corporation, the following direc.
tors were elected: Henry L. Breuninger
J.. z. Breuninger. Arthur Carr, Wad,
II. Cooper, Fred Drew, Harry S. Dulin
C. S. Duncan, Sol Lansburgh, William
Muehleisen, Horace G. Smithy, Thoma!
Somerville Thomas Somerville, jr; An
ton Stephen and w F. Sickle.
The board of directors elected tn,
following officers for the ensuing year
l.. z. Breuninger, chairman of tn
board; Arthur Carr, president; Thoma
Somerville and Horace G. Smithy, vic
presidents; Anton Stephan. treasurer
Wilmer F. Stickle. secretary; Roy z
Bebermeyer. assistant secretary, an,
Robert E. Hazel. auditor.
L. Harold Sothoron, member of tn
firm Of Quinter &, Sothoron, was electe,
a member of the board of directors an,
the firm was reappointed counsel 70
the ensuing year.
Financial District Comment.
Guaranty Trust Co. New York. ha
declared regular quarterly dividend {
x5 q share, payable June 80 to stock {
record June 10.