Evening star., 1936-01-16

III
were renamed, re-
spectively. manager and assistant
manager of the association.
Frank j. Stryker, president of the
Columbia National Bank. and c. H.
Jacobsen, cashier of the National
Metropolitan Bank, were returned to
office as members Of the Executive
Committee. The other two members
are Robert v. Fleming, president OF
the Riggs National Bank, and George
L. Starkey, president of the National
Bank of Washington. their terms OF
office not expiring at this time.
Bank Officers Reelected.
Harry G. Meem, president of the
Washington Loan g. Trust Co., an
nounced today that all officers were
reelected at the organization meeting
of the directors late yesterday, Arthur
Peter again being made chairman OF
the board.
One new member was added to the
official staff by the election of VIM
cent A. Sheehy, jr., as assistant trust
officer. Recently transferred from the
banking to the trust department of
the company, Sheehy has been in its
employ since 1924. He is member
of the District of Columbia Bar and
graduate of the American Institute
Of Banking and Columbus University
with degree of IL. B.
The board also declared quarterly
dividend of per cent. payable on
February l to stockholders of record
on January %. Books will be closed
for transfer of stock from January %
to February l, inclusive.
Metropolitan Officers Named.
Directors of the National Metro
politan Bank reelected all officers
yesterday, including George w. White,
president; o. H. P. Johnson, vice
president; A. H. Hoehling vice presi-
dent, general counsel and trust officer:
c. F. Jacobsen, cashier; r. P. Hol-
lingsworth, S. w. Burwell and H. A.
Kertz, assistant trust officers; c. E.
Bright r. E. Briggs, F. E. Hilder-
brand, C. L. Eckloff and H. F. Stokes,
assistant cashiers, and F. v. N. Cook,
auditor.
Federal Storage Officers.
Stockholders of the Federal Storage
Co. reelected these directors at the
annual meeting: Charles 8. Baker, H.
Randolph Barbee.. Daniel L. Borden,
Hanson E. Ely, jr.; Henry p Erwin,
D. P. Gaillard, James M Johnston,
Harold N. Marsh, Carroll Morgan,
E. K. Morris, Charles G. Treat and
Griffith Warheld.
At the organization meeting of di-
rectors, the following officers were re-
elected or reappointed: E. K. Morris,
president; Harold N. Marsh, vice
president and counsel; James M.
Johnston, vice president and treas
urer; H. Randolph Barbee. secretary;
Henderson S. Dunn, cashier; S. Web
ster Adams, superintendent; A. Rus
sell Barbee, assistant treasurer, and
Marian Trumbull, assistant secre-
tary.
Large 1885 Gain in Resources.
G. L. Naramore, manager of the
Washington Office of the Fidelity In
vestment Association and the Fidel
Association reported today that the
consolidated report on December 81,
1885, showed total resources of $26,-
762.o37, compared with $24,878,398 at
the close of business on December 81,
1894, an increase of S1,883 ,63e, or tx
per cent. Undivided profits and spe-
cial reserves advanced from S359765
hn nf fn cECE Of
the close of 1885.
Cash totaled $787,745, compared with
S339,368 at the end of the previous
year. Loans to contract holders de-
clined from $2,734,8 1854 to S2,548,514.
During the year the associations paid
out more than $3,000,00O to contract
holders.
Building Association Elects.
Lorenzo w. Thompson, vice presi-
!. dent of the Anacostia Bank, was
elected a director in the Anacostia
Building Association at the annual
meeting, succeeding Leo M. Doyle, who
retired at his own request. Other di-
yectors were all reelected as follows:
Frank NJ Dent, j. Louis Gelbman,
Walter S. Hartman, Frank NJ Holmes,
Ernest G. Lashlee, Albert Lindstrom,
w. A. Ludke, John Sawyer, r. L.
Scraggs, George T. Curtiss and w. E.
Wiley
The directors organized and elected
the following officers: Albert Lind
strom, president; Frank M. Dent, vice
president; John Sawyer, treasurer, and
Walter S. Hartman, secretary.
j.. The usual S per cent dividend was
declared upon the stock as of Decem-
ber 81. This association has increased
= largely during the last year and now
has well over $50, 900 assets.
Bankers Assume New Duties. i
Victor B. Deyber, for many years
Apresident of the Second National
Bank, assumed his new duties as chair
man of the board Of directors today,
and John A. Reilly became the young
est bank president In Washington, fol-
lowing yesterdays election. He is "a
years old. It was announced that both
the chairman Of the board and the
new president will have their Offices in
the banks G street branch.
Mergenthaler Stronger Today.
Merepnthaler Linotype stock was
stronger on the Washington Stock Ex-
change today when it opened at 401a,
went. to Al and closed at 4o1z. The
days sales totaled ITO shares, a So
share lot and 40-share lot changing
ownership at Al.
Bonds were in lively demand, Po-
tomac Electric consolidated IS selling
ut 101A, Washington Gas IS, series
B, ut 102 and Capital Traction IS at
91K on five $1,000 sales. Fifty shares
Of Bark Of Bethesda stock sold at IS. |
District Trade Near Normal.
Business in Washington is getting |
back very close to normal, according
to national survey made by Brooke,
Smith & French of Detroit covering |
147 trade areas. It Is placed in a |