Evening star., 1935-12-09


than S44,000,00 in deposits during
1885. Assets Of the banking depart
ment reached $52,000,00O while those
assets controlled by the company
through its trust department amount
to more than $120,000,OO0.
Chartered originally under the laws
OF the State of Virginia on october II,
1889, and later under the general in
corporation law enacted by Congress
for trust companies within the Dis
trict of Columbia, the company was
authorized to conduct general bank
ing, trust, safe deposit and storage
warehouse business, to act as fiscal
and transfer agent and registrar Of
securities. On December 9, 1889, the
company opened its doors for busi-
ness.
Operates Four Branches.
In addition to the main office at
Fifteenth street and Pennsylvania
avenue northwest the company main
tains four branch Offices in principal
sections Of the city. Three of the
Offices were acquired at the time of
the merger with the Home Savings
Bank in 1919
The original capital stock of 81 ,250,-
BOO was increased to $4,000, 900 in 1908
and in 1919 was further increased to
s3,400,0 900. The surplus account has
been built up to equal that amount
and now the combined capital, sur
plus and undivided profits is more
than S7,500.000.
Mr. Thorn, president of the trust
company, succeeded the late Charles
J. Bell, who in 1928 relinquished the
post after IS years as active head of
the company Mr.. Bells predecessor
was Alexander T. Britton, who served
rs the first president of the company.
Other officers are Howard Moran,
vice president; William L. Beale, vice
president and real estate officer; Fred
erick P. H. Siddons, secretary: James
C. Dulin, jr., treasurer; T. Stanley
Holland, trust officer; J. Damn Faber,
auditor: Albert H. Schillington and
Robert L. Flather, assistant secretaries;
David N. Houston, j. Eliot Moran,
Arthur G. Nichols and Earl G. Jons-
cher, assistant trust officers; Frank M.
Perley, trust investment officer; Will
liam w. Keck, Edward E. Swan, Hans
w. Ireland, Richard E. Harris, Percy
c. Brady, Harry P. White, Charles G.
Boswell and William E. Schooley, as
SiStant treaSurers.
Banks Present Directors.
The directors are c. A. Aspinwall,
William L. Beale Gist Blair, Harry K.
Boss, George w. Brown, Charles A.
Garry, William NJ Coates, William w.
Everett, William J. Flather, jr; M.
G. Gibbs, James M Green, Gilbert H
Grosvenor, J. Philip Herman, William
Montgomery, Howard Moran, Clarence
r. Norment, NeWbold Noyes, John
Saul, Corcoran Thorn, S. Percy Thomp-
son, Benjamin W. Thoron and John F.
Wilkins.
With the establishment of branch
Offices in 1919, the American Security
& Trust Co. inaugurated locally the
plan now popular in many cities of
designating Advisory Committees to
act for the branches in their local
problems. Leaders in the business
and professional life of those COM
munities are members of the Ad-
Visory Board of Home Savings
branches of the company,
John M. Beane, William E Bradley,
Joseph P. Burke, Charles r. Denny,
Dohn B. Geier, Henry Foote Gibbs,
John D. Green, Gilbert Hahn, Charles
M Hammett, Sidney L. Hechinger, L.
"A. Herman, j. Philip Hermann,
Frank A. Johnson, Ralph A. Judd,
Charles Kattelmann, A. Magruder
Macdonald, William Miller, William
e. Miller, Howard Moran, James c.
Nealon, M. Frank Rupert, John Saul
and Henry Wahl.
Commerce Declares Extra"
Directors of the Bank of Commerce
& Savings, Seventh and E streets,
have declared the regular semi-an-
nual dividend of So per share due at
this time and special dividend of
81 on the outstanding stock, both
payable January 2, to stockholders of
record December 20, it was announced
today. Last July the board declared
the regular semi-annual dividend of
E3 a share for the first half year.
This So payment and the SO and 50
payments Just voted mean that the
bank is paying So a share in 1885.
Oh1cials report earnings have been
highly satisfactory.
Dollars and Sense Appears.
Dollars and Sense. the publication
of Washington Chapter, American In
stitute of Banking, appeared in the
financial district today. The Decem-
ber number, published by Editor A. E.
Henze and his staff, is one of the best
seen In long time.
The booklet contains q message
from Robert v. Fleming as president
of the American Bankers Association.
urging young men and women in the
banks of the city to take as many of
the institute courses as possible and
equip themselves for the broadened
opportunities which lie ahead in the
banking field.
Mergenthaler Stock Higher.
Stock of the Mergenthaler Limo
type Co., which is so widely held in
this city, gained half point over
Sunday on the Washington Stock Ex-
change, selling today at 38.
The market opened with 50-share
sale, followed by 10-share transfer
and closing with transaction in
Volving Is shares. The final bid was
eS with 391a asked.
Capital Transit stock recorded a
small sale at Is, unchanged from last
weeks close, and a small lot of
Washington Railway g. Electric pre-
ferred moved at 108, also unchanged
from recent sales. Potomac Electric
Power 515 per cent preferred came
out at 113.
New York Stock Exchange offices
IN Washington were well filled at the
opening today. Some of the leaders
were fractionally higher, but the over
Sunday news seemed to have caused
no particular stir In either direction.
A lot of speculation Is heard on com.