Evening star., 1935-09-16

OF IIle UdIlOldA rLor c.o..
organization:
Francis G. Addison, jr., president of
the Security Savings g. Commercial
Bank; Hilleary G.. Hoskinson. vice
president. Riggs National Bank; Ar
thur j. Linn, auditor, Hamilton Ma
tional Bank; Lanier P. McLachlen,
president. McLachlen Banking Corp;
H H. Mckee, president, National Cap
ital Bank and East Washington Saw
ings Bank; Sidney F. Taliaferro, trust
officer. Riggs National; Wilmer J.
Waller, vice president and cashier,
Hamilton National: Charles H. Doing,
president District Bankers Associa-
ton and vice president, Washington
Loan & Trust Co.; Karl w. Corby,
first vice president, District Bankers
Association. and partner in w. B.
Hibbs &, Co.: Mr.. Groom. who has
been asked to serve as chairman of
the Committee Of Arrangements for
Transportation; E. T. Chewing, di-
rector, Bank Of Commerce & Savings:
I. l. Chorpening, chief bank examiner,
Fifth Federal Reserve district; j. L.
Bailey. head of the Baltimore Office,
NTH district bank examiners; Vic
tor B. Deyber. president, Second Ma
tional Bank; Joshua Evans. vice pres
ident Of the Hamilton National; j.
Frank White. vice president and cash.
Ter Of the National Bank Of Wash
tngton, and NJ. F. Calnan. vice presi-
dent and cashier, Liberty National
Bank
Banking Leaders in Party.
The party will make up one Of the
most representative groups of wash
ington bankers who have ever attend
ed an American Bankers Association
convention. Several members of the
group will be accompanied by their
wives. and arrangements have already
been completed for special car for
members of the party who are not
planning to make the trip by air.
Mr.. Groom held a conference with
railroad officials today regarding the
plan to have the Washington car at
Eached to special train taking New
York. Philadelphia and Baltimore
bankers to the convention. Chairman
Groom expects this can be arranged.
Naturally, Mr. Fleming will have to
go to New Orleans ahead of the dele
cation from the Capital to meet the
other A. B. A. officials and perfect
final details for the national associa-
tons most important gathering of
the year. On account of the sweep
ing changes in banking laws and ope-
rating methods it is said the program !
will be one of the most vital in many |
years.
Trust Changes Stock Holdings.
A. S. Golden g. Co., Woodward !
Building, is distributing the latest re-
port from Massachusetts Investment
Trust, which reviews the August port |
folio changes. Six new stocks were |
added, Pullman, Ford Motor Of Can
ada "A" Commercial Credit, u S. |
Steel preferred, Servel and Manufac-
turers' Trust.
The trust increased holdings in |
Sears Roebuck. Montgomery Ward, |
North American. r. H. Macy, Amer |
lean Gas & Electric, Du Pont Mon
santo Chemical, Norfolk & Western, |
International Harvester and Bulolo
Gold.
The report states that holdings were
decreased during August in Chase Ma
tional Bank and American Agricul-
tural Chemical. Several of the above
issues have been among the most ac-
tive stocks on the New York Exchange
during the recent bull market.
Chevy Chase Pays 20 Per Cent.
Receiver Cary A. Hardee OF the
Chevy Chase Savings Bank has noti-
fed former depositors that the pay
ment of 20 per cent is to be started
AS noted elsewhere in
today's Star. this will make a total of
30 per cent which the bank has paid.
The present payment will total
sl34 900 and be made to 5000 de-
positors. Receiver Hardee states that
the depOSitOrS must call at 1886 New
York avenue northwest for their
and that no payments will be
made at the bank which is now an
active branch of the Riggs National.
He adds that no depositors should call
at the New York avenue Office until
they have received postal cards in the
mail notifying them the money is
ready.
There will be another payment later,
end the receiver is hopeful the bank
will be able to pay out 100 per cent
That is not definite. If it does. it will
be the first Washington bank to get
into that class. Addition of 20 per
cent to the go per cent already paid
will cause great JOY among the de-
positors.
Business Still Climbing Here.
Barometers in Washington for the
first eight months of 1895, just avail
able. reveal further business progress.
AS already announced, check trans
actions in the city were much ahead
of the like period last year. Tabula-
tion of the number of telephones in
use shows an increase in every month
this year compared with the same
month last year. Report of the Ches-
apeake g. Potomac Telephone Co. re-
veals proportionate gain in originat-
Ing phone calls.
Postal receipts have made the same
encouraging progress in the eight
Receipts of the City Post
Office have had seasonal variations,
but have been consistently ahead Of
the first eight months of 1884. Au-
gust receipts alone were much bet
ter than August year ago.
The Potomac Electric Power Co.'S
reports for the eight months cover
Ing kilowatt hour sales in the Dis
trict tell the same story of steadily
Increasing monthly totals. In August
electric output was up 1858 per cent.
Likewise, in washington's leading de-
partment stores the volume of sales
scored a gain of l42 per cent over
the first eight months of last year.
The Washington Stock Exchange re-
corded but one sale today, Capital
Transit Co. stock again selling at l712.
The Interstate Commerce Commits