Evening star., 1938-11-18

WleTe ne De-
uov.,. came cashier
and manager of
the First Savings Bank & Trust Co.
Later he became vice president of
the Fourth & First National Bank.
At present Mr. Houston is a di-
rector, vice president and treasurer
of the Tennessee Central Railway
Co., director of the Massachusetts,
Mutual Life Insurance Co., direc-
tor of the WEIGH Grape Juice Co.,
director and president of the Hermi-
tage Hotel Co.. Nashville, director
of Phillips & Buttorff Manufacture
ing Co., director of the Nashville
Industrial Corp, director of realty
company, trustee and member of
of Vanderbilt University and trus-
tee of Fisk University.
He is past president of the Ten
nessee Bankers Association and
served as treasurer of the American
Bankers Association l93l-1933. He
is a past member of the executive
council and has had assignments to
various committees of the national
association.
Mr.. Houston is married and has
two sons, one identified with the
banking business in Nashville. He
belongs to the Masons and knights
Of Pythias.
Dairy Firm Votes Dividends.
Directors of National Dairy Prod
ucts. which has two Washington
units, declared a dividend of 20 cents
a share on the common stock yester-
day, same as the previous quarter
when the rate was reduced from 80
cents a share, which had been the
dividend level for five years. The
latest dividend will be paid Decem-
her is to stock of record November
%. Quarterly dividends of Sl.75 a
share on the preferred stocks were
also voted.
The directors of the Lincoln Serv-
Ice Corp. at their meeting held yes
terday. declared the regular quar-
terly dividend of 1i2"e and a par
ticipating dividend of II on the
&C. cumulative participating pre-
ferred stock. The directors also de-
clared the regular quarterly dlvl-
dend of Il, e. on the 10 cumulative
prior preferred stock and the regu-
lar quarterly dividend of 25c on the
common stock All dividends are
payable December II. to stockhold-
ers of record November 80. President
Charles Delmar announced today.
Committee Plans Campaign.
Members of the Advertising Com
mittee of the District Bankers AS
sociation are completing final plans
for the opening of the 1889 Christ
mas Savings Clubs on November
80. it was learned today. The COM
mittee includes:
Willard F. Barker, president Nor
ris Plan Bank. chairman; Robert
L. Flather, American Security &
Trust Co.. vice chairman, Eliot H.
Thomson. Washington Loan q Trust
Co.: George O. Vass, Riggs National
Bank. and E. Percival Wilson, Ma
tional Savings & Trust Co. Due
to steadily improving business con-
ditions in the Capital, predictions
are already heard that next years
clubs will exceed 1888 both in the
number of members enrolled and
In the amounts subscribed.
Campbell Addresses Auditors.
j. Forbes Campbell, assistant to
Leo T. Crowley, chairman of the
Federal Deposit Insurance Corp,
addressed the National Association
of Bank Auditors and Controllers at
the Houston convention, at which
Arthur j. Linn, auditor of the Ham,
ilton National Bank, presided.
During his address Mr.. Campbell
said that the Federal Deposit In
surance Corp. has already made a
study seeking to determine how
much its liabilities would be in
creased if the maximum deposits
given insurance protection should
be increased to $4,000 or even
$25 900 from the present $4,000.
The survey was made for the
benefit of those who think that Con-
gress must increase the limit some
time. 1t is indicated that liabilities
would not be substantially increased
were such a move adopted
Bank Women Secure Speaker.
Miss A. Patricia Morss. chief of
the Division of Child Welfare, Dis
trict of Columbia, will be the
speaker at the Thanksgiving meet
ing of the Bank Womens Club next
Monday at Normandy Farms. Mrs.
Mildred ODonnoghue of Riggs Ma
tional Bank. Miss Mary Craven of
Hamilton National and Miss S.
Winifred Burwell of National Metro
politan are in charge of arrange
ments for this event.
Newly elected officers of the Sc
curity Club of the American Sc
curity e. Trust Co. include: Henry
S. Kenworthy. president; Kenneth
Birgfeld first vice president; Robert
P. Talley. second vice president;
Daniel j. Murphy, treasurer; Hazel
r. zoerner. secretary and the fol-
lowing members of the Board of
Governors: George F. Lingebach,
York D. Hollingsworth, Mary Faulk-
ner and Ross w. Morgan. At the
first business meeting of the year the
officers we're introduced travel mo-
ton pictures shown, buffet supper
served, followed by dancing.
Washington Gas Reached los.
Washington GeS Light preferred
stock reached 105 on the Washing
ton Stock Exchange today, the
fourth new 1888 high mark regis
tered this week. There was one sale
of 10 shares. The closing bid was
los, with none offered. Anacostia
& Potomac River Railroad SIS were
strong again today, $1,000 bond
moving at 86.
Chairman Leo T. Crowley of the
Federal Deposit Insurance Corp. told
the United States Building and Loan
League in Chicago that the only
solution to the earnings problem is
the reduction of dividend payments