Evening star. [volume] (Washington, D.C.) 1854-1972, 1935-05-09

vacancies on the {
Board of Gov , Earl. McCearx
ernors. For these
reasons the largest vote in long time
was anticipated early this afternoon.
j. Earle McGeary. however, is I'M
opposed for the presidency and Is
certain to be the unanimous choice
for the chapters highest Office. He is
employed by the brokerage firm OF
w. B. Hibbs & Co. and has been con-
nected with chapter activities for years,
during which time he has held nearly
all the leading official positions, also
the most important committee assign
ments.
He has been a delegate to all the
national conventions in recent years
and will be in charge of the delegation
from here at the coming gathering at
Omaha, Nebr., in June. He is holder
of the graduate certificate of the in
stitute and has completed graduate
courses, while his ability in public
speaking has been instrumental in
helping to bring victory to the local
chapter, in debates with chapters from
nearby cities.
Bank Elects Seven Directors.
Seven new directors were added to
the board at the annual meeting of
the Anacostia Bank, held late yeSter-
day, all men well known in business
circles in the Anacostia section of
Washington. A new active officer was
also added.
j. Frank Campbell was again elected
president, w. L. Koontz, vice presi-
dent and cashier, while Lorenzo w.
Thompson, who has been a director,
was elected second vice president and
becomes an active member of the staff.
w. w. Young and Carl c. Smuck were
reelected assistant cashiers.
Former directors reelected were
Messrs. Campbell. Koontz. L. w.
Thompson, Robert Thompson and
George S. King. The seven new men,
bers added to the directorate were
Robert U. Cooper. Vincent Gould,
George S. Maier, j. Raymond Pyles,
Ernest j. Read, George B. Stevens
and Frank M. Dent
The vacancy in the position of chair
man of the board held by the late
Maurice Otterback was not filled.
This Office was created for Mr.. Otter
back at the time of his retirement.
Trust Company Adds Director.
Judge John Rutherford was unani-
mously elected director of the Wash
ington Loan & Trust Co. at the regu-
lar monthly meeting of the board yes
terday. Since his retirement, after q
long and distinguished career as a
Judge of the Circuit Court of Virginia,
Judge and Mrs. Rutherford have
made their home in Washington,
where they are widely known.
Robert v. Fleming, president of the
Riggs National Bank and first vice
president of the American Bankers
Association, left here yesterday for
Asheville, N. c., where he was to ad-
dress the North Carolina Bankers As
ISOLATION today on Trends in Bank
ing legislation" John r. Mcmillan,
assistant vice president of Riggs, is
also attending the convention.
The Governing Committee of the
New York Stock Exchange yesterday
voiced its appreciation of the services
Of President Richard Whitney by the
adoption of resolution at its regular
meeting lauding his efforts as chief
executive through one of the most diff
ficult periods which the Stock Ex-
change has experienced.
Completing his five-year term, Mr..
Whitney will retire as president fol-
lowing the annual election to be held
next Monday, when he will take a
membership on the Governing Com
mittee.
Brokerage Firm Expands.
The home Office of Auchincloss,
Parker & Redpath, members OF the
New York Stock Exchange, announced
here today that the company has sub
stantially expanded its Philadelphia
organization. The firms quarters at
1921 Chestnut street, in that city,
have been materially enlarged under
direction of Alfred Putnam, resident
partner.
The announcement further states
that the following have become con-
nected with the Philadelphia office:
Alvin W. Jordan, A. P. Bloomer, Har-
vey H. Frank, Irving S. Amrhein,
George r. Reinhart and Frank A.
White. Alexander P. Demidov has
Joined the organization as commodity
market analyst.
Traction Bonds in Demand.
Interest in Capital Traction bonds
led trading on the Washington Stock
Exchange today. During the session
four 81, 900 transactions were recorded,
all at 90 fiat. Potomac Electric Power
IS were strong at 107h. Washington
Gas IS, series B, sold at 104. In the
stock division a single share of Po-
tomac Electric Power 512 per cent
preferred moved at 1875 and 10
shares of Capital Transit sold at 1917,
against a close of 1873 yesterday.
Sincere regret was heard In the
financial district today over the death
Of ]. William Harrington, for years
connected with w. B. Hibbs & Co.
Prior to that time he was for eight
years manager Of the Office Of John
L. Edwards & Co. He had been
too Ill to work for several years, but
had not been forgotten by his friends.
Controller Of the Currency j. F..
+. O'Connor is listed as one Of the
speakers at the annual conventions
Of five State bankers associations
which are to take place in the near
future.
The Federal Reserve Bank of Rich
mond notified all member banks of
the reduction in the rediscount rate
from az to 2 per cent, effective at
the opening of business today. The
notice was signed by Gov. George
]. Seay. the action being taken late