Evening star., 1934-12-20

sta2ce of from bank runner to preSi-
dency," period through which every
banker obtains an unusual view of all
departments of the bank. After being
assistant treasurer and treasurer, he
was elected a vice president in 1917.
A native of the District, Mr.. Meem
was born in Georgetown, where men,
bers of the family had resided since
1756. His father, Peter G. Meem, was
officially connected with the Farmers
& Mechanics Bank in the early days
of that institution. Perhaps that Is
the main reason why Mr. Meem as a
youth always wanted to enter banking.
During the Liberty Loan drives he
was one of the most active flnancierS
in the city in pushing sales and sub
scriptions. He is a director in several
business organizations, is member
of the Chevy Chase Club, the
Archaeological Society and the National
Geographic Society.
Pay Tribute to Gov. Black.
Members of the District Bankers
Association sent message of regret
today to relatives of the late Eugene
r. Black, governor of the Reserve
Bank of Atlanta. The association will
also pay tribute with flowers at the
funeral.
While head of the Federal Reserve
System, Gov. Black made his first ad-
dress after taking office, before the
District Bankers Association, at the
Columbia Country Club. Everybody
liked him, everybody admired his
ability.
The financial district was grieved
again today to hear of the sudden
death of Charles E. Howe, for AZ years
actively connected with the American
Security & Trust Co. He died at
Emergency Hospital from pneumonia,
at the age of 81 years. He had been
in the city only a few days, coming
here to attend the trust companys
45th anniversary dinner.
Mr.. Howe was an outstanding figure
In the financial district for three dec
ades. He edited the first financial
sheet printed in the financial district,
much of the material used being fur
nished by the late Albion K Parriss.
His greatest hobby was art and he was
a remarkable judge of fine paintings.
Association 81 Years Old.
The Washington Permanent Build
ing Association has just completed its
f1fty-fourth year in business. The Or
ganiZation now has assets of $780,
600 and is located in its own building
at 629 F street northwest. Since 1881
the organization has made continuous
and sound progress.
Present officers and directors are:
E. j. Sacks, president; John Hender-
son, vice president; c. J. Bergman,
treasurer; H. H. Bergman, secretary;
c. Chester CayWood, general counsel;
John H Clipper, C. Rammling, James
r. Ellis, Clyde H. Miller, c. Chester
Caywood, Max Walten, Joseph M.
Saunders and Walter B. Avery, di-
rectorS.
The association was the first build
ing association in Washington to be-
come a member of the Federal Home
Loan Bank. 1t is also member OF
the District of Columbia Building and
Loan League and the United States
Building and Loan League.
Today's Trading on Exchange.
IanStOn MOnOLype opened lraolng
on the Washington Stock Exchange
today, with two sales at 4812. Later
the stock moved off half point, 38
shares selling at 48.
Potomac Electric Power y per cent
preferred stock was the most active
issue on the list. Five different sales
were recorded at Ill. The corpora
tion's per cent preferred was also
out today, 10 shares selling at 1922.
Washington Railway & Electric As
appeared on the board with ST 900
bond sale at 98l2. Other bids were
unchanged.
Washington banks are in gala at
tire for Christmas. Some of the trees
are exceptionally beautiful this year.
No indications of any depression.