Evening star., 1935-01-27
COLUMBIA BANKS
GROWTH CITED AS
47TH YEAR ENDS
S637, ,233 Deposits on First
Anniversary, Compared
to $4,325, ,920 Now.
CHIEF OF INSTITUTION
ACTIVE IN D. C. AFFAIRS
Quotations on Capital Exchange
Register Further Advance.
Acacia Gains Shown.
BY EDWARD C. STONE.

BY EDWARD C. STONE.
When the doors open for business
tomorrow morning the Columbia Ma
tional Bank will start its forty-eighth
year. The bank, at Gil F street, of
which Frank j. Stryker is now presi-
dent. was organized January 81, 1887.
With almost half centuryS eff
cient service behind it, the Columbia
National has attained steady and
sound growth. At the end of the first
year the institution had s637 ,233 in
deposits On the controllers last
call. December 81, 1884 total deposits
amounted to S4,325. .92051.
Frank j. Stryker has been president
of the Columbia since May l, 1924.
In his early banking career he was
associated with George w. White, who
was then connected with the Com
mercial National for a short time Mr..
Stryker later went to the old Federal
National Bank as assistant cashier,
where he remained until he was
elected vice president and cashier of
the Columbia in 1922, being elevated
to the presidency two years later.
For several years he has served as
a member of the Executive Committee
Of the Washington Clearing House
Association. He also has taken part
in the affairs of the District Bankers
Association, and his financial advice
often is sought by many business Or
CARNATIONS. During his administra-
ton the Columbia Bank Building was
entirely reconstructed and greatly eX-
panded, banking services and facili-
ties being enlarged at the same time.
In addition to Mr.. Stryker. the other
officers include James A. MeSSer, vice
president; Robert H. Lacey. cashier:
Albert E. Yeatman and Sheridan S.
Kleindeinst, assistant cashiers, and
Walter B. Guy. attorney; while the
present board of directors consists of
Harry Blake, John Joy Edison, C. Fen
ton Fadely, Ernest c. Guy, David j.
Kaufman, James A. Messer, Joseph H.
MilanS, Theodore W. Noyes. Walter S.
Pratt, jr; Andrew Saul, Mr.. Stryker,
John N. Swartzell and Harry S. Wolf.
Prices Climb on Exchange.
Quotations on the Washington Stock
Exchange wound up the week higher
than they opened. In yesterdays
session, $500 Capital Traction IS
changed hands at 911a. While this
was under the high mark of 90
reached during the week, it was high
er than the quotations prevailing only
few days ago.
Washington Railway & Electric Is
were strong, $1,000 of these bonds
selling at 1905, a new 1885 top. The
high mark in 1884 was SO, which
was reached after an advance to SO
earlier in the year Last year they
were the most active bonds in the
whole list, recording a S239,500 turn
over.
City & Suburban first SIS came out
yesterday for the first time in 1885,
two $1,000 sales taking place at 78A
a gain of "a over the last sale in 1884.
Georgetown Gas IS figured in $500
transfer yesterday at the strong price
OF 109.
Stocks were neglected, but bid and
asked prices were firm. Brokers re-
port a large number of orders that
have not been filled, as security hold
ers are unwilling to reduce their
asked prices to meet the bids.
President Y. E. Booker was absent |
at yesterdays session and the new
vice president, Karl w. Corby, was
in the chair
President William Montgomery of
the Acacia Mutual Life Insurance Co., !
reported to the directors yesterday |
that total income for the year 1884 /
amounted to more than Sl3,850,000, |
against S12,37O,000 in 1888, best in |
the company's history.
The excess of income over disburse-
ments for 1884 was more than $4,-
100000, gain of more than 1929
600 over the previous 12-month pc !
riod.
The record of increase in the VOL
Tune of business in force during 1884 !
showed an improvement of more than |
$10,000,000. Total insurance in force |
has reached the peak level Of more |
than 1881 100000. and assets have !;
gained $4,000,000 to record high |
of more than $56 100000
The report shows that the Acacia |
Mutual Life Insurance Co. has in |
force approximately 100000 policies !
Every section of the United States |
is represented in that total.
Financial District Notes.
The District Bankers Association !
will hold its Midwinter meeting to-
morrow afternoon at o'clock in the
board room of the American Security
& Trust Co. Several important re-
ports are to be represented.
Washington sent a good-sized dele
CATION to the dinner of Baltimore
Chapter, American Institute of Bank
ing, last night. Among those attend
ing were Walton L. Sanderson, WASH
ington Chapter president; Paul j. |
Seltzer, J. Earle McGeary, William
H. Laughlin, James A. Soper and
I. j. Roberts.
The Chesapeake & Potomac Tele-
phone Co. of Baltimore had a net |
gain of 5,896 stations in 1884, COM
pared with loss of 1852 in 1888 and |
q loss of 1894 in 1882. Backs up !
the Baltimore reports of substantial |
business gain during the year.
Senator Glass declares that the |
temporary provisions of the Federal !
deposit insurance law will be made
permanent. That will mean that |
$4,000 will be the maximum deposit i