Evening star., 1934-01-14
INTEREST PAYMENT
ON PRESS BUILDING
BONDS AUTHORIZED
Semi.annuaI Disbursement
: on 5lz Per Cent Issue to
Be Paid Tomorrow.
D. C. BANKERS TO ATTEND
SAVINGS BANK PARLEY
Financial Institutions Here Re.
elect Same Presidents for
Coming Year.
BY EDWARD C. STONE.

BY EDWARD C. STONE.
On petition Of Lawrence B. Camp
bell, receiver of the National Press
Building Corporation, filed through his
attorney, Walter M. Bastian, the re-
ceiver has been instructed by Justice
r. D. Let's of the Supreme Court of
the District Of Columbia to make a
semi-annual interest payment tomor-
row on the corporations first mortgage
612 per cent bonds.
The amount of this payments will be
$182, 1922 20, it was announced yesterday.
These bonds of the National Press
Building Corporation are widely held
in Washington.
1t is reported that the National Press
Building is rented at the present time
almost to its capacity The building.
In which there are approximately 1000
Offices, besides II stores, large cafe
terra, Loew's Fox Theater and the
quarters of the National Press Club is
the largest non-Federal Office building
In the city:
Plan to Attend Conference.
Several Washington bankers plan to
attend the annual Eastern Savings
Conference, under the auspices Of the
Savings Division of the American
Bankers Association, in New York, on
January Is and 26.
Methods Of salvaging real estate
mortgages, insuring savings bank de-
positS, public relations of banks, mu-
nictpal credit and money comprise the
general topics to be discussed. Many
Of the leaders in the savings bank
world are on the program just an
nounced.
Among speakers will be Henry R.
Kinsey, president, Savings Banks As
sociation of the State of New York;
Henry S. Kingman, president. Savings
ton; j. A. w. Iglehart of Field, Glore
g. Co.; Peter Grimm, president, Will
ham A. White g. Sons; Carl M. Spencer,
president, Savings Banks Association
Of Massachusetts,, and Richard T. Ely,
president, Institute for Economic Re-
search, Inc.
Bank Stats Unchanged.
Practically no changes were made in
the eficial STATS of Washington banks
when the directors organized following
the annual meetings Of the stockhold-
ers. Most of the annual meetings have
now been held although three local
trust companies are to have their elec-
tions this week.
Banks which already have organized
have elected the same presidents which
have been serving them for years.
Financial institutions which organized
rectors were the National Bank of
Washington, which reelected George
L. Starkey president; Liberty National,
which again honored Rolfe E. Boiling
with the presidency, and the Security
Savings and Commercial, Francis G.
Addison, jr., being kept in the presi-
dents chair.
Since that time George w. White has
been elected president Of the National
Metropolitan: Robert W Fleming, of
Riggs National; Victor B. Deyber, of
the Second National Floyd E. Davis,
Lincoln National; Edwin c. Graham,
Hamilton National; Henry H. Mckee,
National Capital; Ord Preston, Union
ton Loan & Trust; Frank j. Stryker.
Columbia National; Lanier P. McLach-
len, McLachlen Banking Corporation,
and Bertram Chesterman, president,
Morris Plan Bank of Washington.
Mcclellan Former Educator.
william Mcclellan, president of the
Potomac Electric Power Co., just elect
ed Riggs National Bank director, was
VOI1 Ill 1lnlduClPIAd IA 4otS cAAo 10 q
graduate of the University of Pennsyl-
vania. He has had wide experience
as an electrical engineer, first with the
Philadelphia Rapid Transit Co. from
1900 to 1905 and with Westinghouse,
Church, Kerr & Co. from 1905 to 1907.
During the succeeding 20 years he was
q member of the engineering firms OF
Campion- Mcclellan Co.; Paine, Nc
Clellan & Campion, and Mcclellan &
Junkersfield, serving also as consulting
engineer for the New York Public Serv-
ice Commission from 1911 to 1913. and
dean of the Wharton School Of the
University Of Pennsylvania from 1916
to 1919.
His experience has included the op-
Grating management of electric power
companies as well as construction and
other phases of electrical engineering.
In 1925 he was selected by President
Coolidge as a member of the Muscle
Shoals Commission. Since 1929 Mr.:
Mcclellan has been vice president OF
the Stone & Webster Engineering Cor
served as consultant during the last
few years for Potomac Electric
Power Co.
He is a past president of the Amer
ican Institute of Electrical Engineers
and a member Of the American Society
Of Mechanical Engineers and has a
Phi. D. degree.
Accountants Hear Experts.
The District of Columbia Institute
OF Certified Public Accountants had
one Of the most interesting dinner
meetings of the season at the Racquet
Club during the week.
Eric A. Camman, partner OF Peat,
Warwick, Mitchell & Co.. New YORK,
was the special guest speaker. He dis
cussed Accounting Aspects of the N.
r. A." in most informative manner,
members of the institute being greatly
pleased with the ideas he presented on
this important subject.
Several other most helpful talks were
also made during the meeting These
speakers were Byron B. Harlan Of
Ohio: John Payne, controller, Agricul-
ture Adjustment Administration; Eu-
gene Woodson, vice president, Railroad
Credit Corporation; A. B. Gunnason,.
United States Chamber Of Commerce,
and Herbert L. Davis. insurance COM
missioner of the District Of Columbia.
Cleaned in Financial District.
&. Tomorrow Is the last day to get
aboard the bandwagon for the 1884
Christmas Savings Clubs in Washing
ton banks, enrollments closing jan
uary Is.
Loew's, Inc, has declared the regular
quarterly dividend Of $l.6212 on the
$3.50 cumulative preferred stock, pay
able February Is to stock of record
January 81.
sales Of American Stores Co. for
the four weeks ended December 80
showed an increase of Is per cent over
December, 1892. Sales for the IL
. months were Oh So per cent.