Evening star., 1937-01-22


p..cr Congress on jan
uary %, 1867, as
the National Safe Deposit Co. of
Washington, the name was later
changed to the National Savings
Bank, then to the National Safe De-
posit, Savings 6, Trust Co., the pres
ent name being adopted on January
81, 1907. The bank has grown steadily,
expanded until it offers every banking
service and has included among its
patrons many distinguished citizens.
Among the familiar names In the
trust company'S records are those of
Alexander r. Shepherd, who was Gov
ernor of the District of Columbia;
Henry D. Cooke, George w. Riggs, E.
Francis Riggs, Nathaniel Wilson,
Charles C. Glover, Samuel P. Brown,
Lewis Clephane, James M. Latta, Mat
thew G. Emery, j. H. Lathrop, George
w. Adams, Thomas Hyde, Andrew
Wylie, James M. Johnston, William
A. H. Church. Samuel Maddox, o. H.
p. johnson, William A. Gordon, Will
liam v. Cox. S. Thomas Brown, Gen.
James A. Buchanan, Gen. John A.
Holabird. w. Riley Deeble. William E.
Edmonston, Henry Hurt, Henry Orth,
Woodbury. Blair, John F. Rodgers, R.
Ross Perry. Henry A. Willard and
Henry Kellogg Willard.
Nine Presidents Listed.
Many influential citizens have held
the office of president of this institu-
ton, as follows: Samuel P. Brown,
George H. Plant. William Stickney,
Benjamin P. Snyder, Hugh McCul-
logh, Henry A. willard. Thomas R.
Jones and William D. Hoover.
H. Prescott Galley, the present pres
ddent, was elected to the Office three
years ago after serving the institution
for long time as director and gen.
eral counsel. Prior to taking the Office
he had practiced law in Washington
IS years. The present chairman of the
board, William D. Hoover, served the
trust company as president for 25
years.
William B. Willard, vice president,
has held this office four years and has
been a director for more than 10
years. Mr.. Willard is a grandson of
Henry A. Willard and a son of Henry
Kellogg Willard. both of whom for
many years were prominently identi-
fled with the company.
David Bornet, vice president in
charge of the banking department.
and Bruce Baird, vice president and
trust officer, have served the bank
27 and l8 years respectively. The
other officers include: Frank r.
Ullmer, treasurer; E. Percival Wilson,
secretary; Barnum L. Cotton, real
estate officer; John W. Calvert. as
sistant treasurer; w. Hiles Pardoe,
assistant real estate officer; Osmuni
L. Varela, assistant treasurer: A. ].
FAINT. John M. Boteler and Herbert B.
Lord, assistant secretaries, Lester A.
Lawrence, Henry w Bransom, Charles
w. Fitzgerald. j. F'ontaine Hall and
Herman G. Lauten, assistant trust
officers, and Audley A. P. Savage,
auditor
The directors include: Bruce Baird,
Charles S. Baker, Montgomery Blair,
jr., James j. Becker, David Bornet,
Thomas A. Butt, Walter C. Clephane,
Clark G.. Diamond. H Rozier Dulany,
Jr., Frederick A. Fenning, H. Prescott
Galley, William D. Hoover, Reginald
S. Huidekoper, j. Wriley Jacobs, Vic
tor Kaufman, Wilson B. Nairn,
Brainard w. Parker, James Med.
Shea, Marcy L. Sperry, L. Corrin
Strong, William H. White, jr., and
William B. Willard.
Mark Lansburgh Honored.
Mark Lansburgh of Lansburgh &, Bro,
Washington, was elected chairman of
the National Retail Dry Good Associ-
atoms store management group, at
the annual convention held in New
York, according to announcement late
yesterday.
The convention was enlived by the
statement that the hard boiled bill
collector has been outmoded.
More humane and modern meth
ods" in reminding customer of his
obligation were prescribed by Joseph
L. Fowler, collection manager of the
Jordan Marsh Co., Boston.
Suggesting soft voice over the
telephone might be more effective
than sternly-phrased dunning notices,
he said:
ANY one can collect money by
harsh methods. But when the bill IS
paid that is the end.
THE notices we send should be
mild in tone, neat in appearance and
impersonal in nature"
Financiers LaUd w. B. Hibbs.
Bankers and brokers in the finan-
cial district paid high tributes to the
memory of w. B. Hibbs, who died
yesterday afternoon. He was bril-
lantly successful in business and
great favorite in financial circles.
For many years his brokerage firm
was the only New York Stock EX-
change house with the home Office in
Washington. When he retired from
active work he was greatly missed by
his associates.
Vice President Thomas j. Groom of
the District Bankers Association to-
day appointed the following members
to represent the organization at the
funeral tomorrow afternoon: Robert
v. Fleming, Corcoran Thorn, Ord
Preston, George w. White, H. Pres
colt Galley, Albert S. Galley and M.
d. Rosenberg.
In talking about the stock market,
Mr.. Hibbs often said that 95 per cent
of the people who lose money in Wall
Street lose it because of overextension
of their accounts. That was in the
days when much lower margins were
allowed than is the case since the
Securities and Exchange Commission
made such sharp advance in require
ments.
He always felt that the future OF
Washington was assured and even at
the bottom of the depression predicted
that the Capital would soon return to
prosperity, a forecast which quickly
proved to be accurate.
a.