The Washington times., 1934-02-01

to convince you
that the aver
age account
something like =
96 per cent Of Dunbar Hare
those handled in the U. S.-totals
less than $2,500. However, they
don't know whether the guaranty
is based on capital stock, or
whether they have to take out in
surance.
Nine Of WaShington's national
banks have assets of $155,544, 900,
while seven savings banks have
$16,758,O0O and five trust COM
panies have sos, 1895, 900, according
to an abstract report Of conditions
issued today through the. Treasury
Department.
The total assets of the national
banks, savings banks and trust
companies is $267 ,697 900, while
the total for the "a local in
stitutionS, 13 Of which do not
come under the enumerated
status, is $316,263 900.
According to the report there
are $101, ,715, 900 in time deposits
in the 81 local financial institu-
tions, and $297, ,444, 900 in ordinary
savings accounts.
Oddly, the $101,715, 900 time de-
posits do not include Christmas
Savings accounts.
It was cold yesterday at Mac
kubin, Legg & Co. Something
happened to the heating system
that had Ralph Wolfe, manager,
on pins and needles. Customers
watched the board Swathed in
heavy coats, while the women
frequenterS sported furs. The
market was hot, but not enough
to take the chill off the place.
Hermer A. Reside, manager Of
Westheimer & Co., doesn't like
publicity, but he admitted today
that so far as he is concerned
Karl w. Corby, Of Hibbs & Co.,
will be reelected president of the
Washington Ticker Club.
Said Mr.. Reside:
"He's one swell fellow, and
he can give fine parties, and it
takes a man with money to
do that. So far as 1 am con-
cerned there will be no other
nominee for president"
Reside is one of the members
AR thu INNNooiVo tive P0Niftn0
which is scheduled to select a
new slate Of officers during Feb
ruary.
Y. e. Booker, of z. E. Booker
& Co., is an ex.neWspaper man,
but doesn't think much Of pub
licity. Neither does he like to
gossip about the other fellows
in the financial field.
he says:
when was a newspaper
man I locked for the unusual.
Now that I'm in the securities
game, 1 never think Of the
things I thought of then. Pm
primarily interested in the mar
ket."
The boys in the financial dis
trict are taking Charles T. Clag-
gett, one Of the better known Of
ficials Of the Chesapeake and
Potomac Telephone Company, for
Q ride.
It seems that Claggett is one
Of the fellows who believes that
c. and P, and naturally Amer
ican Telephone and Telegraph,
are sacred. To him there is moth
ing superior.
Some time back, Riggs Ma
tional Bank and it's branches
instituted a special service to
telephone subscribers. permitting
them to pay their bills at the
institutions offices. AS a result
the main office of Riggs is clut-
tered on the goth Of each month,
the last day when District and
National Exchange subscribers
can pay.
AS a result the financial boys
have gotten the idea that the
c. & P. and the A. T. & T. are
mere subsidiaries Of Riggs.
If you don't think you can
rile Clagett on the subject, ask
him.
Avon M. Nevius. one Of the
vice presidents at Riggs, went out
the other day-that particular
cold one-and took a mile hike
Bank customers who are ac-
customed to seeing the meticu-
lousy dressed Mr.. Nevius would
not have recognized him that
day as he took his constitutional
through Rock Greek Park. He
wore a golf suit, business suit,
windbreaker, earmuffs and every.
thing else necessary to keep him
warm.
Friends who saw him on the
hike say he looked like an Eskimo
bell hop paging Admiral Byrd.
Mr.. NeviuS, however, had the
laugh on the boys. It seems that
several of them, taking their con
stitutionals via motor car, espied
him. Mr.. Nevius, however, re
turned to his home, dressed fo1
financial purposes, ate breakfast
and was at his desk all within a
half hour after his hike ended.
Ezra Gould, president of the
NJ ?lanics Savings Bank, is a goo5
fir 1cier, because he is a gooc
contract bridge fanatic, according
to the boys who know.