Evening star., 1935-01-03
Another Call Issued.


Supplementing the controllers cali
was similar one issued today by the
Deposit Insurance Corp. to insured
State banks which are not members
of the Federal Reserve system.
This call also contained request
for a statement Of earnings and divi-
dends for the calendar year 1884. On
receipt OF this information. combined
with like data being obtained by the
controller and by the Federal Re-
serve Board, there will be available for
the first time income and expense
data for virtually all commercial banks
In the country.
The controller is required by law
to call for a statement Of the condi-
ton of all national banks not less
than three times year. Reports must
be atteSted by three officers CT each
institution and forwarded to the
Treasury within reasonable" period.
In addition, each reporting instiJu-
ton must publish in at least two
newspapers a condensed statement OF
condition. similarly attested.
Almost exactly half of the banks in
Washington revealed slight gains over
the october call while the others re-
ported slightly lower figures. Some of
the banks said the slight falling off
in their deposits was due almost wholly
to the large amounts they paid out in
Christmas savings. These amounts
have not yet been made up. Deposits,
however, are very far ahead of aggre-
gate deposits in the banks here at the
end of 1888.
Lincoln Corp. Elects Pope.
The Lincoln Service Corp, which
does industrial banking, announces
the election of L. E. Pope as vice
president He will have executive su-
pervision of subsidiary corporations
and branch Offices.
Mr.. Pope has had long experience
in industrial banking and in the
small loan business as an executive.
He was for a number of years super
intendent of the Beneficial Industrial
Loan Corp, one of the largest insti-
tutions of its kind in the United
States, and until the close of last year
was general manager of Credit Serv-
ice, Inc. He is chairman of the
Executive Committee and a member
of the Public Relations Committee of
the Virginia Association of Personal
Finance Cos.
Francis j. Crilley, also vice presi-
dent and credit manager of the Lin
coin Corp, will continue in charge Of
the company's Washington Office and
as treasurer of Dealers Credit, Inc,
a subsidiary.
The Lincoln Corp. showed an in
crease in business of 1887 per cent in
1884 over 1888 December recorded
the largest single months business in
the history of the corporation.
Acacia Reports Sharp Gains.
President William Montgomery of
the Acacia Mutual Life Insurance Co..
in a review of 1884, states that
Acacia's assets increased to more than
S56,000,0C0. Insurance in force now
totals S350,0 100000, and new paid for
insurance aggregated S39,0OO,00O last
year. A total of S2,5O0,00O was paid
in death benefits during the IL
months, and in the same period more
than S4,100,000 was paid to living
policy holders
Indicative of the steady growth of
the company are comparative figures
on assets. In 1929, assets stood at
S33,865.5 $50. In 1880, this total grew
to s39, ASS, LOG; 1881, S45, ,O27,87 1882,
$49,111 1863, and in 1898, $50, ,108, ,776.
At no time-not even during the
bank holiday and money stringency
period of early 1933-was there a
month when Acacias current income
was not more than enough to pay all
demands of every kind upon it, with
a balance for investment, Mr. Mont
gomery added.