Evening star., 1933-12-09

the LrQSC company
moved into its own building located at
Fifteenth street and Pennsylvania ave-
nue., where the main office has since
been situated.
Two of the most important events In
the banks history were the merger OF
the Home Savings Bank with the trust
company in 1919 and the completion OF
a 1o-story Office building addition to
the main Office early in 1882 In the
erection of this annex, the institution
greatly expanded its banking quarters
on the street floor. through a most at
tractive architectural plan. and at the
same time added other needed space
elsewhere in the building.
The bank now has total resources OF
s41,520, 1888. capital stock of $3,400,-
600, surplus of So 400, 900 and undivided
profits of S635. 1881. Total deposits
on the date of the controllers last call,
october 25, 1888. we're s33,8ss, ,aol.s3.
Present Staff of Officers.
In addition to Corcoran Thorn, who
has served as president OF tne trust
company since the retirement Of Charles
j. Bell about a year before his death,
the officers include:
Corcoran Thorn, president; Howard
Moran and William L. Beale, vice pres
idents; Frederick P H. Siddons. secre-
tary: James c. Dulin, jr.. treasurer: T.
Stanley Holland, trust officer; William
L. Beale. real estate officer; j. Dan f'a-
ber; auditor; Albert H. Shilington and
Robert L. Flather. assistant secretaries;
David N. Houston, J. Eliot Moran. Ar
thur G.. Nichols and Earl G. Jonscher.
assistant trust officers; Frank M. Per
lev. trust investment officer; William
w. Keck, Hans w. Ireland, Percy G.
Brady. Charles C. Boswell. Edward E.
Sawn. Richard E. Harris, Harry p.
White and William E. Schooley, assist
ant treasurers.
The board of directors is made up OF
C. A. Aspinwall. Gist Blair, Harry K.
Boss. George w. Brown. Charles A.
Garry, william M. Coates, William S.
Corby, william W. Everett, William J.
Flather ir.: NJ. G. Gibbs, James M.
Green, Gilbert H. Grosvenor. j. Philip
Hermann, G. Percy McGlue, William
MONTGOMERY Howard Moran. Clarence
F. Norment. Newbold Noyes. Howard
s. Reside John Saul. James F. Shea,
Corcoran Thorn, S. Percy thompson,
Benjamin w. Thoron and John F.
wilkins.
trust company operates four brancnes.
The Southwest branch Is Iocateo az
Seventh and E streets; central prancn,
Seventh and Massachusetts, avenue
Northwest branch, 1140 Fifteenth street
northwest, and Northeast brancn,
Eighth and H streets northeast.
State Banks Seek Insurance.
Walter S. Cummings, chairman OF
the Federal Deposit Insurance Corpora
ton, reports that more than 6,748 state
non-member banks have already applied
for membership and that all appnca-
tions for membership will be completed
bv December is. Up to December 4
more than 5,100 banks had already been
examined for membership in the guar
anty fund. Banks in the Federal Re
serve system are automatically admltteo
to membership.
Chairman Cummings report showed
that Illinois leads in the number OF
State institutions which have applied
for membership with a total OF 472.
Minnesota is second with 426. Missouri
has 391, Wisconsin, 365; Indiana, 353;
New York. 1928, and Ohio, BIB.
In some instances, Mr.. Cummings
stated. it has been found necessary to
strengthen the capital structure OF ap-
plicant State banks, and in these cases
the r. F. c. has co-operated by pur-
chasing preferred stock or capital notes
Of the institutions involved.
Nations Bankers Push Recovery.
The Nations banks are both spending
money and lending it, in a twofold
support of the Governments recovery
program, says Rand McNally Bankers
Monthly. A recent survey in % States
by this magazine of bank administration
indicates that the purchase of bank
supplies is at normal, pre-depression
rate.
In spite of accusations that banks are
not willing to lend money, this magazine
reports that banks in many States are
actually advertising for good loans. It
quotes from the advertisements OF IL
banks. For example: The First National
Bank of ST. Paul recently announced:
Thanks to the confidence of our de-
positors, We have plenty of money on
hand for sound loans"
The Guaranty Trust Co. OF New York
states in one advertisement: To-day
credit is available, and it is hoped that
the demands for it for sound purposes
will increase"
ID. C. Exchange Facts Asked.
Members of the Washington Stock
Exchange and "a other security ex-
changes have received questionnaires
from Ferdinand Pecora, special counsel
for the Senate Committee on Banking
and Currency, similar to those recently
sent to New York Stock Exchange
members. Separate questions have
been sent to individual members and
to member firins.