Evening star., 1938-06-29

lc schools and Emerson Institute, and
became associated with the Security
Savings and Commercial Bank in 1914.
During the World War he served over
seas with the 10th Artillery. He be-
came assistant cashier of the bank in
1925, secretary in 1884, was elected
cashier in 1885 and was elected a
member of the Board of Directors
IN 1887.
He is a graduate of Washington
Chapter, American Institute of Bank
ing, and was chapter president in
1926-27, after serving on the Board of
Governors and numerous committees.
Mr.. Leith was chairman of the Con-
vention Committee when the local
chapter was host to the American
Institute of Banking in 1884, and has
been a delegate to a number of the
national conventions. He was a men,
Der of the National Executive Commit
tee in 1929-32. He has also served on
number of important committees of
the District of Columbia Bankers
Association
DNiuCuuS NOHIHS NdplOly.
Directors of the National Bank of
Washington at the monthly meeting
held today declared the regular semi
annual dividend of SO per share, pay
able July to stockholders of record
June 20. President j. Frank White an
nounced this noon.
Directors of the Liberty National
Eank declared dividend of So per
share at their meeting yesterday,
President M. F. Calnan announced
today. The dividend will be paid
July is to shareholders of record on
July T.
The Board of Directors of the Sc
curity Storage Co. has declared the
usual quarterly dividend of SIPS per
share, payable on July II to stock
holders of record July S.
Other dividends of special interest
to Washington, just declared, are the
$3.50 regular disbursement on COM
mon and the 81 quarterly on preferred
stock of the Norfolk e. Western Ry.
Checks for 10000 Farmers.
Checks covering a per cent semi
annual dividend on preferred stock
and 6 per cent annual dividend on
common stock will be mailed stock
holders of Southern States Co-opera-
tive on June 80, o. E. zacharias, jr,
controller of the cooperative, an
nounced today at Richmond
Through the Is years the organiza-
don has been in existence, it has met
every dividend payment The volume
has grown each year and the farmers
equity has increased from a few thou
sand dollars to over a million The
membership has grown from $50 to
over 10000 farmers residing in Vir-
2inia, Maryland, Delaware, West Vir-
ginia and North Carolina.
The volume for the year ending
.'une 80 was about IS per cent larger
than last year.
Heard in Financial District.
Frederick P. H. Siddons, secretary
Of the American Security g. Trust Co.,
Is confined to his home with an at
tack of mumps. He is chairman Of the
speakers union of the District Bank
Clo faoCOC1dIlOll dllQ was IcCcllGly GlCCG.
ed chairman Of the Better Business
Bureau of Washington.
Norman E. Towson, assistant treas
urer Of the Washington Loan g. Trust
Co., addressed the Civitan Club at the
Mayflower Hotel yesterday on Prob
lens in World Economies"
Charles q. Dawes, former Vice Pres
ident Of the United States, was recov-
cred from an appendicitis operation
and has resumed his duties as a Chi
cago banker.
Riggs Bank common sold on the
Washington Exchange today at 269,
Mergenthaler at 1919, Gas preferred
at SO and Railway 6, Electric Is at lot.
The State of Maryland will receive
bids at the State treasurer's Office in
Annapolis until noon, July 81, on
s3,4l3,000 general construction bonds,
dated August Is, 1888, and maturing
serially 1941 to 1853.
T. ..