Evening star., 1936-12-17

Cl SIONIlS UuS1-
ness in 1887. The ''O"'
last report to the controller of the
currency revealed total deposits of
S9.798.891 08, but since then deposits
have crossed the S10.000,000 mark and
on December Is stood at 0,409 ,29032.
The Union Trust has capital of
s2,00O,000, surplus of S500,000 and
undivided profits amounting to $685.
1895. In addition to President Pres
ton, the other officers Of the bank
include:
George E. Hamilton. vice president
attorney and trust officer; Walter S.
Harlan, vice president; George E.
Fleming, vice president and assistant
trust officer: Edward L. Hillyer, vice
president and second assistant trust
officer: W. Frank D. Heron, vice pres
adent; S. William Miller. treasurer;
G.. Elmer Flather and Harry F. Hard
ing, assistant treasurers; Irving zirpel,
secretary and third assistant trust
officer; j. Wesley Clampitt. jr., and
willard G. McGraw. assistant secre-
taries; George E. Hamilton, jr, as
eistant attorney, and Walter M. Nc
Eurdy, auditor.
The directors are A. L. Baldwin,
=. Harry Covington, Joseph H. Gram
ford. G. Thomas Dunlop, George E.
Fleming, George E. Hamilton, George
E. Hamilton, jr.; Walter S. Harlan,
Edward L. Hillyer. D. J. kaufman,
H. C. Newcomer, Daniel w ODono-
ehue, ir: Ord Preston. John H. Small.
Luther F. Speer and Charles F. Wilson.
Liberty Raises Dividend.
Directors of the Liberty National
Bank have declared dividend Of
$3.50 a share on the capital stock,
payable January Is, 1887, to stock
holders of record at the close of busi-
ness January 7, President NJ. F. CAL
nan announced today. Transfer books
will not be closed.
This declaration by the directors
places Liberty National Banks stock
on s4 basis. The stock, which is listed
on the Washington Stock Exchange,
last sold on the exchange at 120. Re-
Gently the bid for the stock has ad-
RANGED to s130 share, with none Of
fered at that price.
The board also granted a half
months salary to all employees as ad-
ditional compensation, adding one
more Christmas bonus to Washing
tons fine record.
Metropolitan Votes 50 Extra.
Directors of the National Metropoli-
tan Bank, meeting yesterday, declared
an extra dividend of 81 per share on
the capital stock, President George
W. White announced today. The divl-
dend will be paid on December 81 to
shareholders of record on December
81. The extra" reflects substantial
improvement in the banking business
In Washington during the last year,
Metropolitan officials state.
The safe deposit section of the
District Bankers Association will hold
the next regular meeting tomorrow
evening at O'Clock in the board
room of the American Security &
Trust Co. Several timely matters are
TO be discussed.
The Riggs National Bank distrib-
nted a Christmas bonus yesterday to
tIHplUNcS
the branches, news of the distribution
spreading rapidly in the financial dis
trict today.
Siddons to Address Bankers.
Frederick P. H. Siddons, secretary
Of the American Security & Trust
Co, will address group III of the Vir-
Sinia Bankers Association at the
thirteenth annual meeting, to be held
at the Jefferson Hotel, Richmond,
Saturday. He will speak on THE Flu
ture of Banking" More than $50
bankers are planning to attend the
meeting.
Other speakers include William R.
Williamson, actuarial consuItant of the
Social Security Board, Washington.
who will discuss Financial and Actu-
arial Aspects of Federal Old Age Bene-
fits"; j. Harvie Wilkinson, ir, vice
presiednt, State-Planters Bank e.
Trust Co., Richmond, whose topic is
Investments" Giles H. Miller, jr.,
Culpeper National Bank, Loans and
Discounts" and James B. Dey, jr.,
president, Virginia Bankers Associ-
alton, of Norfolk, whose subject is
@Looking Both Ways"
Another speaker will be Jack G.
Holtzclaw of Richmond, president
Virginia Electric g. Power Co., his sub
ject being rs Bank Public Utility?"
S. L. Barrow, chairman of group Ill,
will preside at the business session in
the afternoon and the banquet in the
evening. The program includes elec-
tion of officers and general discussion
of banking problems at the late after
noon session. These group meetings
draw very high percentage of bank
ers in the territory covered and are
looked forward to with great interest.
Mergenthaler Is Stronger.
Ten shares of Mergenthaler Linto-
type sold at 56 on the Washington
Stock Exchange today, 100 shares of
: Columbia Title Co. moved at 1872 and
Carpet Corp. sold at Is.
Capital Transit stock appeared on
the board on six-share sale at 133s
Peoples Drug Stores preferred came
out today for the first time in some
weeks, 10 shares exchanging owner
ship at 1927.
In the bond division Capital Trac-
tion IS got all the attention, $1,000
being transferred at 9234 1t is an
nounced that both the washington
and New York Stock Exchanges will
be closed on the Saturday after Christ
mas.
Heard in Financial District.
The National Retail Dry Goods Asso-
citation predicts that December sales
will be IL per cent ahead of last year.
which will make the total only IA per
cent below the 1929 figure. Many in
dividual stores are running ahead Of
the 1929 records, the report adds.
It is learned in the financial district
that some Washington banks which
l. - L. Il a.