Evening star., 1935-04-08

tne reCenC GULL
troller's call of March 4, this year.
revealed deposits of S5,554, 1895,
showing steady, sound and gratifying
growth during the years,
julius 1. Peyser the first PRESIDENT,
is now chairman of the board OF
directors. Mr.. Addison, who has
been president of the bank for sew
eral years, is a former president of
the District Bankers Association, is
now chairman of the associations
Committee on Law and Legislation
and in the past has represented the
local organization in the councils of
the American Bankers Association. He
is a leader in the work of the Better
Business Bureau and is one of the
guiding spirits in the Washington
campaign for home renovations and
improvements.
The other officers include Fred
Mckee, vice president; Samuel R.
Baulsir, cashier: T. Hunton Leith, sec
retary and assistant cashier; Latrobe
Owen, assistant cashier; L. Louis
Shipley, assistant cashier, and Charles
r. Kent branch manager. The present
beard of directors is composed of:
Francis G. Addison, jr.; Dion S.
Birney Frarcis A. Blundon, Diller F.
Croft, Benjamin H. Gruver, John B.
Harrell, George E. Judd, Fred Mckee,
Julius I. Peyser. Stacy M. Reed,
Morris Simon, William w. Spalding,
Milton Strasburger and William c.
Sullivan.
On May T. 1928, the bank estab-
liShed a branch at 1913 K street
northwest, which has proved very
successful addition to the institution.
Ticker Club Meets Tomorrow
Chauncy G.. Parker, jr., secretary
of the Washington Ticker Club, an
nounced today that there had been
a very general response to the invi-
tatiunS to the annual dinner to be
given by the president, Thomas W.
Brshany, at the Columbia Country
Club tomorrow evening at 8 o'clock.
According to an old custom, the
head of the club serves one year,
which means that President Bra
i1any will conclude his strenuous duties
at an early date. The other officers
are Ralph M. Wolfe, vice president
who is manager of the Washington
Office Of Mackubin, Legg & Co., and
Mr.. Parker, secretary treasurer, who
is partner in AuchincloSS, Parker
az Redpath, New York Stock Ex-
change firm, with head Office in this
city. =.
The program for the dinner will be
rather informal, according to present
plans Efforts were made to secure
a speaker from the New York Stock
Exchange, but doubt was expressed
today over the success of this move.
New York brokers are thinking of lit
tie right now but the intensely heated
contest over the coming stock ex-
change election.
Bankers to Hear Lippincott.
Chairman R. Earle Haycock of the
auditors section of the District Bank
ers' Association announced today that
Lincoln H. Lippincott of the educa
tional department of the Maryland
Casualty Co. will be the guest speaker
at the April dinner meeting next
Thursday at the Hamilton Hotel,
Mr.. Lippincott is a well-known au-
thority on the question of forgeries
and the evening will be devoted to a
discussion of this topic, which has be-
come more serious problem to banks
in recent years. 1t is expected that
the speaker will describe some of the
present-day methods of professional
forgers and suggest some practical pre-
Ventive steps. Also he will acquaint
the bankers with the provisions of the
latest forgery bonds, forgery clauses
and recent changes in bond forms.
Several members of the auditors
section are planning to take guests,
which means an unusually large at
tendance.
Await Payments of 100000.
DepoSitorS in three closed banks
we're rejoicing today over the coming
payments of an aggregate amount of
100000. AS announced in The Sun
day Star the Northeast Savings
Bank will start the payment of a 10
per cent dividend next Wednesday at
Eighth and H streets northeast, the
banks old home, which is now the
Northeast branch of the Hamilton
National The bank will pay out S107,-
D1018.
The Washington Savings Bank will
also begin a 10 per cent payment to
former depositors on the same date,
this disbursement to be made in the
old District National Bank at 1406
C street northwest. The coming pay
ment will total $35, 5,569.21 This bank
has already paid back 10 per cent of
the amount due. thus boosting the to-
tai to 80 per cent.
The Potomac Savings Bank will pay
d21a per cent, but the distribution will
not come until some time in May, Re
ceiver Hamilton states. The total
amount will be 1851 1854 Any de-
positors in the three banks who have
not proved their claims are urged to
do so at once.
Boom on ID. c. Stock Exchange.
Trading was the heaviest in many
months on the Washington Stock Ex-
change today. The bond demand was
Jed by Capital Traction SIS, selling al
e9%, and by Washington Gas IS, series
B. which moved at 1033s.
Washington Railway & Electric pre-
ferred stock figured in IL sales al
1O35s and 10334, the advance taking
place after two sales.
Mergenthaler sold at 80 and LanSton
Monotype at 5O1a in a light turnover
v1srRLE GRAIN SUPPLY.