Evening star. [volume] (Washington, D.C.) 1854-1972, 1933-08-03
Last Big Obstacle" in Way
of Opening of New Ham,
i|t0n Removed.
CONTROLLER O'CONNOR
PLANS SPEEDY ACTION
Final Details to Be Worked Out
on Aid for Eight Insti-
tons.

The Reconstruction Finance Corpora
ton has approved loans aggregating
$5,455, 900 to the eight member banks
Of the new Hamilton National Bank
merger.
This was announced today by J, F..
+. O'Connor, controller Of the currency,
in formal statement in which he in
dicated all possible speed would now
be exercised toward opening the Hamil-
ton Bank
In his formal statement, the con-
fFo aTlSle s" Reconstruction Finance Cor.
poration has approved, subject to final
working out of details. loans aggregat-
ing $5,455 900, to conservators Of eight
banks in the District of Columbia
participating in the new Hamilton Ma
tional Bank plan.
Last Obstacle Removed.
With the approval of these loans,
the last big obstacle in the way Of the
organization Of the Hamilton National
Bank has been overcome"
There remains a large volume of de-
tailed work which must be accom-
plished before a definite date may be
set for the opening. and all possible
speed will be exercised to work out
these details at the earliest possible
moment"
The action of the R. F. c. was well
coined by Hamilton Bank officials as
steps toward consummation of their
plan.
President Edwin C. Graham of the
Hamilton Bank was in conference dur
ing the day with various groups of his
assistants at headquarters of the merger,
at Fourteenth and G streets, working
out many of the remaining details
A shield for the Hamilton Bank has
virtually been approved and includes,
as its central feature, the figure of
Alexander Hamilton, the first Secretary
Of the Treasury
Directors List Announced.
The names Of Is men who have been
selected for directors of the new bank
we're announced last night by Graham,
after a meeting Of the Organization
Committee at the Federal American
National Bank & Trust Co. Several of
the men have been acting for some time
as members OF the Organization Com
mittee, while others are new appoint
ments.
The list Is as follows:
Dr. Charles G. Abbot. secretary of
the Smithsonian Institution: Edward
c. Baltz secretary, Perpetual Building
Association; Emory H Bogley, lawyer;
william H. Clarke, laundry owner; DR.
A. L. Day, director. Geophysical Labora-
tory, Carnegie Institute of Washington;
Joshua Evans, jr., president and con-
servator Of District National Bank and
a vice president of the proposed Hamil-
ton Bank: Edwin c. Graham, president,
National Electrical Supply Co.; William
F. Ham, chairman Of the board, Poto-
mac Electric Power Co., and president
of the Washington Railway & Electric
! Co.
NJ E. Horton, president, M. E. Horton
Inc; Harry Kaufman. president, Harry
kaufman, Inc; Ralph w. Lee. insur-
ance; Wilfred B. Putmanf president
Putnam Construction Co.; G. c. Rogers
insurance; H. G. Smithy, president. H
G. Smithy Co., Inc; L. p Steuart, pres
ident, L. p Steuart, Inc; Capt. Chester
Wells U. S. NJ. retired; Roger j.. White
! ford, lawyer. and counsel for the Hamil-
ton Bank; Lloyd B. Wilson. president
Chesapeake g. Potomac Telephone Co.
These men will serve as directors until
the first annual meeting Of stockholders
| next January.