Evening star., 1935-01-17

fIeIllIlS, pISSAoCAe ANASSS
Bank; George L. Starkey, president
National Bank of Washington; Frank
j. Stryker, president Columbia Ma
tional Bank, and c. F. JACOBSEN,
cashier of the National Metropolitan
Bank.
Charles E. Bright assistant cashier
of the National Metropolitan Bank,
was reelected manager, while 5. Z.
Moore. who also has an important
position in the National Metropolitan,
was renamed assistant manager.
MIR. Mckee has served the Clearing
House for 10 years. Last year, after
18 years service, he was presented
with a handsome gold watch as an
appreciation of his splendid work. At
Yesterdays meeting the usual yearly
reports were made and accepted. The
wear was a most important one, the
most vital problems involving decl-
sions on interest rates, standard meas
ured service charges and uniform
banking hours.
National Officers to Speak.
The regular meeting of the safe
deposit section of the District of Co.
lumbia Bankers Association will be
held Wednesday, January %, at pm,
in the board room of the American
Security & Trust Co.
This section has recently been ad-
mitted to membership in the National
Safe Deposit Advisory Council, and
Walter P. Duvall of Baltimore, pres
ident of the council, and F. T. Coke
of Philadelphia. secretary, will be
present to speak upon the activities
Of the council.
Frederick P. H. SiddonS, president
of the District of Columbia Bankers
Association, will also be present, and
the officers of the several banks In
the city have been invited to attend.
Richard E. Harris, chairman of the
section, will preside, and H w. Ire
land, assistant treasurer of the Amer
ican Security & Trust Co. and
former chairman of the section, is
chairman of committee arranging
for light supper following the meet
ing.
Insurance Officers Elected.
At the annual meeting of the
stockholders of the Home Plate Glass
Insurance Co. of the City of Washing
ton, held yesterday, the following
trustees were chosen for the ensuing
year:
Byron S. Adams, Charles R. Brown,
William H Baden, George M. En-
merich, Albert j. Gore, Charles E.
Hood, Albert w. Howard, William H.
Somervell. The board organized with
the selection of the following officers:
Byron S. Adams, president; George
M. Emmerich, vice president; Will
liam H. Somervell, secretary-treasurer,
and William H. Marbury, assistant
secretary treasurer.
This company was incorporated
under the laws of the District Of Co.
lumbia on February II, 1882.
Storage Directors Chosen.
Stockholders of the Security Stor-
age Co., at the annual meeting yes
terday, reelected these directors: c.
A. Aspinwall, William S. Corby, Will
liam J. Flather, Clarence F. Norment,
H. l.. Rust, jr; Corcoran Thorn and
Lloyd B. Wilson.
President Aspinwall presented the
twenty-ninth annual report, showing
assets of S1,305, ,46096. The company
has $500,000 capital surplus of $780,
900, undivided profits of more than
$1,000, together with large reserves
for contingencies, taxes and insurance
and depreciation.
Net earnings during 1884 amounted
to 500 ,28641, an increase of about 10
per cent over the previous year. The
company paid 100000 in dividends
during the year to 21l stockholders
During 1884 some alley property was
turned into parking space and the
income on it increased. Business of
the lift vans was expanded to cover
more foreign territory. Additional
small storage vaults have been added
and are in excellent demand, Pres
ident Aspinwall announced.
Financial District Gossip.
Washington bankers will be inter-
ested in the election of Frank K.
Houston as president of the Chemical
Bank & Trust Co., New York. He is
native of Tennessee and son of the
late Judge William C. Houston, who
was a member of Congress for 16
years. The new bank president is a
graduate of Vanderbilt University and
Of the American Institute of Banking
He was advanced from the first vice
presidency.
William c. Worthington, general
agent of the National Life Insurance
Co. Of Vermont, has received word
that the company has increased di-
vided distribution to it's insurance
polcyholders for 1885 on a scale over
is per cent above that of the 1884
distribution.
Representative Steagall, chairman
Of the House Banking and Currency
Committee, after comforting with
President Roosevelt, declared there
would probably be some banking leg
islation passed at this session. Mr.
time state what form it would take
but there was no necessity for any
drastic legislation.
Today's Trading on Exchange.
National Savings g. Trust Co. stock
appeared on the board at the session
Of the Washington Stock Exchange
today, small sale taking place at 100
Three 81 1000 bond sales were recorded
in Capital Traction SIS, all at 90&. A
$1,000 sale in AnacoStia & Potomac
Railroad SIS was registered at 78.
Senator Glass of Virginia has in.
troduced in the Senate bill making
permanent the present temporary pro-
visions of the Federal Deposit InSur'
ance Corp. The bill goes to the Senate
Banking Subcommittee, of which Mr.
Glass is chairman.
The Federal Reserve Board has rec.
commended to the Senate Banking ane
Currency Committee that the provi'
sions of the banking act of 1888, which
require all bank officer loans to be paic
by June 16, 1885, be extended three
years to June 16, 1888.