Evening star., 1934-06-26
S|DDONS NAMES
NEW COMMITTEES
Advertising, Insurance, Law
Groups Selected by
Bankers Head.

To-Day Dy FTeQerlck r. n. SlodonS,
president of the District of Columbia
Bankers Association, to serve through
out the year. They are the commit
tees on advertising, insurance and
law and legislation.
Eliot H. Thomson, publicity man
ager of the Washington Loan & Trust
Co., was reappointed to the post of
chairman of the Advertising Com
mittee of the association. Mr.. Thorn
son has "ably served as chairman of
this committee for several years." said
Mr.. Siddons. He has always brought
forward constructive advertising rec
concentrations to the association, a
number of which have been adopted
in previous years. He has served on
q number of the convention commit
tees"
Other members of this committee
are Nelson B. O'Neal, vice chairman
assistant vice president, Riggs Ma
tional Bank; Robert L. Flather, as
sistant secretary, American Security
& Trust Co.; Bertram Chesterman
president, Morris Plan Bank; F. w,
Lee, vice president City Bank; w. v
Simmons. assistant trust officer, Lib
erty National Bank; Robert H. Lacey
cashier, Columbia National Bank; E.
Percy Wilson, secretary, National Saw
ings & Trust Co., and c. l.. Eckloff,
assistant cashier, National Metropoli-
tan Bank.
Heads Insurance Group.
Frank R. Ulmer, treasurer OF the
National Savings e. Trust Co., was
appointed chairman of the Insurance
Committee. This committee is most
important, as it makes a most careful
annual study of surety bonds affecting
banks. and any other insurance mat
ters which the local members may re-
fer to it. Mr.. Ulmer will be assisted
by the following members: Hubert
r. Bisselle, vice chairman, assistant
cashier, Riggs National Bank; John
M. Riordon, executive vice president
Bank of Commerce & Savings; T..
Hunton Leith, secretary, Security Saw
ings g. Commercial Bank, and E. l..
Hillyer, vice president, Union Trust Co.
Francis G. Addison, jr, president OF
the Security Savings & Commercial
Bank. was named chairman OF the
Committee on Law and Legislation.
MIR. Addison has been chairman OF this
committee for number of years and
through his leadership several lmpor-
tant local bank bills for the beneht
of the local members have passed Con-
gress. His committee for the year will
consist of the following: Robert ".
Fleming, vice chairman. president,
Riggs National Bank; H. H. Mckee,
president, National Capital Bank; Ord
Preston, president, Union Trust Co.;
Lanier P. McLachlen, president, NC
Lacnlen Banking Corporation. and
Howard Moran, vice president, Amerl-
can Security & Trust Co.
Baltimore & Ohio Net Increases.
Baltimore g. Ohio Railroad Co.
showed an increase in net railway
operating income for both the month
of May and for the first five months
OF this year, as compared with similar
periods last year.
In its regular monthly report today
the road shows net operating income
rose from S2,252,817 in May, 1888. to
s2,412,837 in May this year, gain OF
Sl60.O20. There was also gain from
S7.543,436 for the first five months OF
1888 to s8,729,677 in the similar 1884
period, gain Of Sl,l86,24l.
For the May comparable periods
railway operating revenues gained ST.
O5,1OO and railway operating expenses
increased S2,170.297.
Passenger revenues gained s114,989
In May, while the only decrease IN
revenues was in the mail, which for
Nav was S4,758 under year ago and
for the first five months of the year
vas $16,492 under year ago.
Scale Division Sold.
Stockholders of the International
Business Machines Corporation, which
has an office here, have voted to sell
the domestic assets of the company's s
DAYTON scale division to Hobart Manu-
featuring Co. of Troy, Ohio, in return
for 100000 shares of class B stock to
be issued by the Hobart Co. Assets OF
the business conducted by foreign sub
sidiary companies and the business of
International scale division (heavy
duty and industrial scales, etc. are
not included in the transaction.
The property sold consists of the
entire manufacturing plant at Day
LOIl, OlllU, cACCPV pAoAlI ANO' q, oiiA e.AA
assets and patent right appurtenant to
the Dayton Scale business of manu-
featuring and selling computing scales,
meat choppers and slicers, coffee
grinders, etc.
Drug Sales Higher.
McKesson g. Robbins. Inc, drug
manufacturers and distributors, re-
port net sales of $9,979,l56 for May,
1884, as compared with 1881 ,625 re-
ported for May, 1888, an increase OF
Sl,447,53l, or 1863 per cent,
Sales for the first five months OF
the current year aggregated S52,645,-
384, as compared with 39,917 1888 re-
ported for the corresponding period
last year, an increase of Sl2,727 1896,
or 31.88 per cent.
Corporate bond maturities during
July will total S125,458, $50, according
to the Standard Statistics Co. OF New
York.
June maturities amounted to $685.
111,92 and issues and portions of is
sues falling due in August will total