Evening star., 1937-08-19
DOCTORS HOSPITAL
STOCK NEAR GOAL
100000 Mark Virtually
Reached-DireCtors
Hold Meeting.
BY HAROLD ROGERS.

Sale of stock in Doctors Hospital
Inc, the new institution which is tc
rise on I street between Eighteenth
end Nineteenth streets, joining two
medical buildings already there, vir-
tially has reached the 100000 goal
1t was learned today.
The stock is offered under terms
of the registration statement filed
with the Securities and Exchange
Commission only to doctors, dentists
and allied professions
Further financing of the structure
which will include a construction
loan of about 100000 or 100000
awaits completion of the plans and
specifications for the building.
Progress was made on development
Of these plans yesterday afternoon
at special meeting of the Board
of Directors of the new hospital In
the absence of Dr. Charles Stanley
White. chairman of the board, who
Is out of the city, DR.. Edward l.
Morrison, vice chairman, presided.
Confers With Engineers.
The board conferred at length with
Lee PaSchall of the Wise Contract
ing Co. Inc, Richmond Va, con-
structlon engineers, who will bullo
the hospital The architects for the
building are Francisco g. Jacobus OF
New York City.
Negotiations for transfer Of the
title to necessary land between the
two medical buildings have been al
most completed. and the title is ex-
pected to pass soon to the hoSpita
from the Friends Meeting. Sidwel
Friends School and the heirs of the
late Thomas Sidwell
William c. Gilman, director of the
public utilities division of the Securi-
ties and Exchange Commission, may
return to private business in October
according TO reliable indications. He
has been considered one of the key
men of the commission. Chairman
James M Lands is expected to re-
turn to the commission for a few
DAYS before he leaves about the first
of next month to become dean OF
Harvard Law School.
Linn Will Speak.
Arthur j. Linn, controller of the
Hamilton National Bank, will deliver
an address before meeting Of Re-
gional Clearing Houses at Winchester
Va, next Tuesday. He will speak on
Service Charges and Service Charge
Policies"
Linn IS taking a prominent part
IN plans for the annual convention OF
the National Association Of Bank
Auditors and Controllers. to be
held in Boston October lila. He
now is first vice president Of the as
sociation. and according to his friends
here, will be elevated to the post OF
national president at the forthcoming
session.
A delegation is being formed tc
attend the auditors meeting in Bos-
ton at the same time as the American
Bankers Association convention
which also is attracting large group
of bankers from Washington.
In addition to Linn, the delegation
from here to the auditors meeting
will include Harry DoWney, chief
clerk of the accounting department
of the washington Loan & Trust Co.
who is local chairman of the auditors
section of the District of Columbia
Bankers Association; Gerald E. Keene
assistant cashier of Second National
Bank, who is vice chairman of the
section; Raymond G. Marx, control
Ter of Riggs National Bank, and others
Express Traffic Gains
Express traffic, often considered a
barometer of business conditions
scored a gain of 6,66 per cent in JUNE
year, according to K. N. Merritt, gen.
eral sales manager of the Railway Ex-
press Agency, New York.
The business of the company for
the month was 11,2l0,74l shipments
an increase of 700367.
Another signicant fact is that this
makes the forty-second consecutive
month that the express agency has
reported a progressive expansion in
traffic since it started it's Nation wide
traffic-building efforts in 1888, which
the 10000 employees of the company
are carrying forward as their more
business plan"
Personal Mention.
Alfred Frisbie, customers man of
Fenner & Bean. is on vacation in New
York. Harold Throm, manager of the
Miami Beach Office of the same COM
pany. is spending few days here.
Mrs. M. H. Buckingham, cashier of
the City Bank, is on vacation in Con-
necticut. Other officers of the City
Bank on vacation are Edward Norris,
assistant cashier, in charge of the
Connecticut avenue branch, and
Bernard Grant, assistant cashier, in
charge of the Southeast bransch.
Maj. Erskine Gordon, trust officer
Of Hamilton National Bank, is on va
cation in Canada.
The Board of Directors of Mergen-
thaler Linotype has declared a regular
s0-cent dividend payable September
is to stockholders of record August 25.