Evening star., 1936-02-05


years ago, he made special efforts to
advance the institute program as well
as to encourage individual students
by offering a prize for scholarship
proficiency. The subject of his COM
ing address will be announced in
few days.
The Banquet Committee, of which
Richard A. Norris is chairman. is
exerting every effort to make this
annual social event an outstanding
one. The committee assisting Mr..
Norris is comprised of the following
members of the chapter:
Aubrey o. Dooley, T. Hunton Leith,
T. j. Roberts, Mrs Myrtle Lewis, B.
Bruce Frantz, James A. Soper, Frank
M Perley, Walton L. Sanderson, Rob-
ert H. Lacey, A. e. Henze, Elmer
Flather, Edward NJ Blaiklock. Miss
Constance Fogle, Francis Robey, Rob-
ert G. Whitton, Paul Seltzer, Ken
meth Birgfeld, Henry F. Kimball,
Thomas j. Norris, Bernard M. Grant.
Vivian Stokes, Robert A. Sisson. Ger
trude C. Wick, Robert E. Lee, William
c. Cox, Willard Barker. Crawford
Turnbull, Thomas ]. Cronin, Ruther-
ford Dooley, George Earnshaw. Wini-
fred Burwell. Douglas Smith, Robert
NJ Poole, Edward Foreman. Jack
Christie. Joseph Fitzpatrick, Lloyd
Coates, Stuart Ogilvie, Dorothy Co.
vert, Harry Harding, William H.
Laughlin, Herbert Lawson, Rose
Royce, Mabel Royce, Alice Whitton,
Wallace Schreiner, Katherine Nc
Calmont and w A. Cady.
FIather SO Years With Riggs.
William J. Flather, one of the vice
presidents of the Riggs National Bank,
9 completed SO years service with the
bank yesterday, receiving many con-
gratulations on his remarkable record.
It was on February 4. 1877. that Mr.
Father started his career at the very
bottom of the banking ladder by en-
tering the employ of Riggs &, Co. as a
messenger He advanced rapidly and
stood high in the institution when
the original company became the
Riggs National Bank in 1896, with
Charles c. Glover as president.
He has been a vice president for
many years. During his most active
years in the bank he was considered
one of the city's leading experts on
bank credit. He is still at the bank
every day. Naturally, he has seen
great changes in the financial district
in the past half century and it is
doubtful if any other banker in the
country has longer record for active
service. He has legion of personal
friends. also several relatives who are
active in the financial district.
Reserve Bank who's Who"
Directors and officers of the Federal
Reserve Bank of Richmond are in
Guided in the annual report for 1885,
which showed such prosperous year
The present officials staff includes
George j. Seay, governor; r. H. Broad
dus and J. S. Walden, jr., deputy
governors; George H. Keesee, cashier;
j. G. Fry, assistant Federal Reserve
agent; T. F. Epes, auditor; Albert S.
Johnstone, manager personnel and
service; John T. Garrett, manager
bank relations department; w. W.
billiard and Edward Waller, jr., as
sistant cashiers, and Maxwell G. Wal
lace, counsel The position of re-
serve agent has been vacant since
the recent death of w. w. Hoxton.
The Richmond banks directors are
Charles E. Reiman, Baltimore: James
C. Braswell, Rocky Mount, N. c.; L. E.
johnson, Anderson, w. Va; Charles
c. Reed, Richmond Edwin NAL
10y, Cheraw, S. c.; Frederic A. Del
sno, Washington; John A. Hanna,
president of the Capital Transit Co.,
Washington, and Robert Lassiter,
Charlotte, N. G. Charles M. Cohen,
Huntington, w. Va, is the fifth dis
trict member of the Federal Advisory
Council.
The officers of the Baltimore
branch are High Leach, managing di-
rector; John r. Cupit, cashier; J. A.
Johnston and r. w. Wrightson. as
sistant cashiers. The manager of
the Charlotte, N. c., branch is w. T.
Clements.
Today's Trading on Exchange.
Riggs National Bank common stock
opened trading on the Washington
Stock Exchange today with 10 shares
selling at $50. Mergenthaler Limo
type came out in large blocks. 1t
opened at 45l2, then dropping to As
fiat. on 50-share and two 25-share
sales. Final bid As with As asked.
The stock dropped. in Boston yesterday
to A.
Lanstor Monotype stock, which sold
at 80 yesterday came out today in one
small sale at 70. The closing bid was
rs with none offered at any price
Washington Railway g. Electric Is
came out at 1862, while Capital Trac-
ton IS appeared on the board at 90%
on two $1,000 sales.
The s50,000,00 offering of Treasury
bills, dated February S, was nearly
four times oversubscribed, Secretary
Morgenthau reports, the total amount
asked for being over S192 ,000, 900.
The increase in margin require
s1ents now in effect applies to all ac-
counts, regardless of the time such |
accounts were opened, but brokers are |
not required to obtain higher margins |
on accounts opened before February /,
the Reserve Board says. However,
withdrawal from margin accounts |
cannot be made unless the account is |
adequately margined, on the new |
basis, with respect to all securities in
the account.
Heard i'm Financial District.
The Securities and Exchange Com
mission has granted the San Fran
cisco Mining Exchange registration as
0 national securities exchange, effec-
tive June !.
Combined receivers and corporate
preliminary report of Norfolk South
ern Railroad for year ended December
81, 1885, show net loss of s421,8l0
after taxes and charges. comparing
with net loss of $335.s35 in 1884. !