Evening star., 1937-01-20

+. II. SluuOnS,
secretary; James c. Dulin, jr.,
treasurer; T Stanley Holland. trust
officer; James D. Barrett, auditor;
Albert H. Shillington and Robert L.
Flather, assistant secretaries; David
N Houston, Arthur G. Nichols, j.
Eliot Moran and Earl G. Jonscher,
assistant trust officers; Frank M.
Perley, trust investment officer;
William w. Keck, Hans w. Ireland,
Percy c. Brady. Charles c. Boswell,
Edward e. Swan, Richard E. Harris,
Harry P. White and William E.
Schooley. assistant treasurers.
At the preceding meeting of the
stockholders these directors were re-
elected: c. A. Aspinwall. William l..
Beale, Gist Blair, Harry K. Boss,
George W. Brown. Charles A. Carry,
William M. Coates, Frederick W. Cole
man. William w. Everett. William j.
Flather, jr; NJ. G. Gibbs, James NJ
Green, Gilbert H. Grosvenor, William
Montgomery. Howard Moran, Clarence
F. Norment, Newbold Noyes, John
Saul. Corcoran Thorn, S. Percy
Thompson. Benjamin w. Thoron.
John F. wilkins and Edward G.
Yonker.
The advisory board of branches was
also elected. Mr. Goldsmith, the new
assistant treasurer. has been with the
trust company since 1900 and has
held many important positions, He
has law degree from National
University.
Exchange Seeks Self Rule.
President Charles R. Gay Of the
New York Stock Exchange and Dean
Worcester have requested the Cover
nors of the Federal Reserve System to
allow the exchange to handle the
marginng of in-and-out trading by
its own rules, at the same time asking
the board not to tighten up regula-
ton IT"
Mariner S. Eccles, chairman of the
Reserve Board, said after the confer
ence that the board now had before
It all information necessary to form
a basis for its decision and must now
determine what course it wishes to
follow. He added that he could not
predict when a decision would be
reached, but asserted that the board
wishes to clear up the question as soon
as possible.
Whether the board will accept the
argument of the exchange that IL can
handle the problem of margins on in
and-out trading is still uncertain, but
there are indications that it may, the
Wall Street Journal asserts.
Railroad Earnings Climb.
PENNSYLVANIA Railroad reports for
ii months ended November 80, 1896,
net income of S32,834, ,648 after taxes
and charges. equal to s2.49 share on
13,167,696 shares (par $500 of capital
stock. This compares with revised net
income of S21 ,52l $40. or s1.63 share,
in first II months of 1885.
Baltimore g. Ohio Railroad reports
for the II months ended November
30, 1886. net income of S2,133,073,
after taxes and charges, equal TO 1888
a share on 588 632 shares of per cent
non-cumulative preferred stock. This
compares with net loss of S3,030,929
in first IL months of 1885.
Southern Railway Co. reports for II
months ended November 80, 1886, net
income of s3100,923 after taxes and
charges, equal after dividend require
ments on per cent non-cumulative
preferred stock, to 81 cents a share
on 1928, 200 shares of common stock.
This compares with net loss of $2,311,-
400 in first IL months of 1885,
ID. G. Banks in Largest" List.
The 1897 roll call" of the largest
commercial banks and trust compa-
nies in the United States, published
today by the American Banker, re-
veals six Washington banks among
the first 300 in the list.
Riggs National stands sixty-eighth
with Sl00,805,79 in deposits; Ameri-
can Security stands 18th with s52.-
130,373; National Metropolitan 203d in
list with s28,588, 800; Washington Loan
g. Trust 23lst with s24, ,746,661 Ham,
ilton National 257th with S22,005,-
24l, and National Savings g. Trust Co.
291st, carrying deposits of S18,771,4 ,448
The largest bank in the United
States is the Chase National, with the
Guaranty Trust second and National
City third. Others among the first 10
are the Bank of America, Continental
Illinois National Bank & Trust Co,
Bankers Trust, New York. First Ma
tional, Chicago; Central Hanover, New
York; First National, Boston, and
Manufacturers Trust New York
Banks of the Nation are carrying the
greatest deposit load in history,
total of over s6O,5OO, 900 900, of which
$50.400 100000 are in commercial
banks and $1,000 100000 in mutual
savings banks, the American Banker
estimates. Totals for the United
States now even exceed the peak fig
ures set in 1929 and 1890. Deposite
in all United States banks gained S.
000,00o,000 last year, making the in
crease in the two years since the low
point in 1884 over $4,000, 100000
Financial District Half Open.
Washington's financial district was
half open and half closed today. The
banks observed the legal holiday in
the Capital but the brokerage houses
followed the example of the New York
Stock Exchange and we're running
along as usual.
D. H. McKnew & Co., Inc, and john
ston, Lemon g. Co.. both local invest
ment firms, participated with j. A.
Sisto g. Co. in the offering of $4,000
shares Of Davega Stors Corp. per
cent cumulative preferred stock, placed
on the market yesterday at $25
share.
''It is usually much easier to earn
money than to keep it. When we say
that an individual has established an
estate We are paying tribute to the
fact that he has held on to the funds
he has accumulated and has not sue
cumbed to the temptation to be reck-
less with his resources" says Louis
Guenther in the Financial World.
John G. Lonsdale, former president
of the American Bankers Associate n,
has resigned as chairman Of the Mer-
camille Rank Sz Trust Co St I0uiS