Evening star., 1934-07-10
DIVIDENDS VOTED
BY RIGGS BOARD
J TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE
Payments on Common, Pre-.
ferred and R. r. c.
Stocks Declared.
BY HAROLD B. ROGERS.

ASaiiE fNhttEHaB on stA fDUlHluU kNDlA
preferred stock and on the special
preferred stock purchased BY the Re
construction Finance Corporation.
Announcement Of the dividends Ess
made by Robert V Fleming president
Of the bank following the regular
monthly meeting
He stated that the regular common
dividend hao been declared payable
50 per share on July Is % stockhold-
ers Of record June 30 and 50 per
share payable October Is 10 stock
holders Of record September 20.
Mr.. Fleming also stated that the
dividend on the preferred stock Of
$3.50 per share for the period Feb
rusry /, 1894. to August ! 1894. had
been declared payable August to
stockholders Of record June 30. on all
preferred stock other than that which
hao been purchased by the Recon-
struction Finance Corporation
On preferred stock purchased by the
Reconstruction Finance Corporation.
Mr.. Fleming stated that a dividend
at the rate of 81 so per share had
been declared payable August for
the period February TO March 81.
1884, and 81 per share for the period
April 10 August ! 1884. in &C
cordance with the reduction IN the
rate OF dividend granted by the Re-
construction Finance Corporation ef-
fective as Of April /, 1894, through
March 81. 1889
Directors Elected.
At the annual meeting Of stock
holders OF the National Union In
surance Co. Of Washington, D. c.,
yesterday the following directors were
elected for the ensuing year: William
l.. Besle, Charles r. Brown. Floyd E.
Davis, Charles E Galliher Alfred H
lawson Walter S. Pratt jr.; John
Saul, James p. Schick and William
H. Somervell.
The board subsequently organized
by the selection of the following Of
flcerS: Alfred H. Lawson. president;
John Saul, vice president; Floyd E
Davis, vice president; William II.
Somervell, secretary: William H. Mar
bury. assistant secretary.
Committee Chiefs Named.
r. George Clendaniel announced
appointments OF committee chairmen
for the District Of Columbia Life IN
derwriters' Association for the cur
rent year.
p. L. Rogers, vice president of the
association and outstanding agent of
the Acacia Mutual Life Insurance Co.
of Washington has been appointed
chairman of the Sales Congress CON-
mittee. This Sales Congress, which is
one of the most important events of
the year for life insurance men of
this city, will be held in January,
1895. It will be held In Washington
and will include both the local and
Baltimore Underwriters Association.
Rogers is already busy lining up a
committee and contracting important
national speakers who will be invited
TO attend.
Roger M. Stewart, agent of the
Connecticut Mutual Life Insurance
Co, in Washington, has been ap-
pointed chairman of the Bank and
Trust Cooperation Committee. Stew
art Is making arrangements for a
meeting 10 be held jointly with the
trust officers of the local banks this
year, as has been the custom in years
past.
David M. Stephens, agent of the
Equitable Life Assurance Society,
heads the Bulletin Committee and
announces a change in the bulletin
for this year. Novel cards will be
used to notify the members of the
meetings to keep them posted as to
the news of the local Offices. The
first of these new cards will be mailed
out TO members in a few weeks.
The Conservation Committee is un-
der the leadership of H. Cochran
Fisher, agent of the Aetna Life In
surance Co. This committee is in
terested in conserving the member
ship of the local and national asso-
citation. Fisher also co-operates with
the chairman of the Membership
Committee in his work.
Further appointments will be an
nounced by President Clendeniel in
the near future
Cremen Agency Gains.
The John F. Cremen Agency of the
Massachusetts Mutual Life Insurance
Co. had more paid business up to
Saturday, July 7. than was paid for
In the entire year OF 1888, it was
announced today.
Cremen said that while plans had
been laid the first of this year to
accomplish this volume of business by
the end Of August, it had been ac-
compllshed at the earlier date because
of better business conditions in WASH
ington and the reSoration of Govern
ment pay cuts.
The agency paid business in 1888
exceeded that of 1892 ano it was early
1888 that definite plans we're laid for
the enlarging Of the agency to handle
the anticipated increase in business
which Is now being experienced.
Tenders Are Opened.
Acting Secretary of the Treasury
Coolidge announced that tenders for
Sl500O,0 600, or thereaboutS, OF 1872
day Treasury bills, dated July II,
1884, and maturing January 9, 1895.
which were offered on July 6, were
opened at the Federal Reserve Banks
yesterday.
The total amount applied for was
s20S 743,000 of which 1925. 900 was
accepted. The accepted bids ranged
In price from 90 $50. equivalent 10 a
rate of about o.04 per cent per annum.
TO 9s962, equivalent TO a rate OF
about COS per cent per annum. on a
bank discount basis. Only part of the
amount bid for at the latter price
was accepted The average price Of
Treasury bills 10 be issued is 90 e66
and the average rate Is about OO7
per cent per annum ON bank dis
count basis
/ J Roberts. assistant cashier of
Riggs National Bank Is on a vacation