Evening star., 1938-08-17

Ex8# - 8E$& cOnducC trust
S$ research week in
Gilbert st.,h.n.on Washington next
fall
The dates set for this trust research
week are November 4 to 9, inclusive.
and the five-day sessions will be con-
Quoted under the joint auspices OF
the Fiduciaries' Section of the District
Of Columbia Bankers Association. the
Washington ID. c. Clearing House
Association and the Washington Chap
ter of the American Institute of
Banking.
Committee Is Named.
A special committee of the Fiduci-
aries Section has been appointed to
handle the program and arrangements
for trust research week, with Sidney
F. Taliaferro, vice president and trust
officer of the Riggs National Bank, as
chairman and the following person.
mel:
Aubrey o. Dooley, assistant trust
officer, Hamilton National Bank; Bruce
Baird, vice president and trust officer,
National Savings g. Trust Co.; C. D.
Ratcliffe, vice president and assistant
trust officer, Munsey Trust Co., Ber-
nard L. Amiss, assistant trust officer.
Washington Loan g. Trust Co.; Henry
K. Dierkoph assistant trust officer,
Riggs National Bank; j. Wesley
Clampitt. assistant secretary and as
sistant trust officer, Union Trust Co.;
j. Eliot Moran, assistant trust officer.
American Security g. Trust Co., and
Harold A. Kertz, assistant trust officer,
National Metropolitan Bank.
Others to Serve.
In addition to the above, C. F. Jacob
een, cashier of the National Metro
politan Bank, will serve on the COM
mittee as the representative of the
Washington Clearing House Associ-
alton, and Joseph r. Fitzpatrick,
assistant cashier of the Second Ma
tional Bank. who is president of
Washington Chapter, American Insti-
tute of Banking will represent the
chapter. Mr.. Kertz will act as secre-
tary of the special committee.
The aims of trust research week are
to improve the methods of procedure,
the ethics and the psychology of. trust
thinking in all matters affecting the
operations of trust companies and
trust departments of banks.
Mr. Stephenson has conducted SINH
lar programs in number of the large
centers throughout the United States,
which have been highly successful, with
the result that he is in great demand,
and local banking officials feel very
fortunate in having been able to
secure his services this year.
The details of the program for the
sessions of trust research week will
be announced at a later date.
Bonds Come to Life.
Anacostia g. Potomac Railway S
per cent bonds, center of a litigation
pending in District Court, came to life
on the Washington Stock Exchange
today when $1,000 moved at rs, up 13
points from the last recorded sale and
81 points above the years low.
Attorneys for bond holders, who filed
the suit against the Capital Transit
Co.. the Washington Railway &, Elec-
trio Co. ane the First National Bank
OF Baltimore, July 13. said today they
had granted an extension of time for
filing an answer. They indicated
they did not expect filing of the answer
before September /.
The suit has aroused much interest
in the financial section here, where
many individuals and number of
banks have holdings of the bonds.
Since filing of the suit, the securities
also have attracted spectators. The
suit asks the court to establish con-
structive trust to take the place of
the original properties securing the
bonds.
Power Customers Increase.
Residential customers of the Poto-
mac Electric Power Co. in the District
OF Columbia and Maryland sections
Of the metropolitan area served by the
company totaled 160,977 at the end of
July. new all-time record for that
month, it was reported today.
The latest total was 1852 ahead of
the same 1887 date and 1858 larger
than seven years ago, at the end of
July, 1881. Increases over the same
date in other years follows: ll.505
ahead of 1886, 1882 ahead of 1885,
23,45l ahead of 1884, 28,838 ahead of
1888 and 2s.76l ahead of 1882.
Residential customers at the end of
July in various years totaled: l56,115
in 1887, 149,472 in 1886, 143,595 in
1885. 1885 in 1884, 132,139 in 1888,
1925 in 1882 and 127,364 in 1881.
All customers in the same area, in
Guiding both residential and CONNER
cial consumers also set new high
mark for that month at the end of
July. The total of l86.117 was 1892
ahead of the same 1887 date and
40,86l ahead of the 1881 date. In
creases in this classification over the
same date in other years follows:
14,601 ahead of 1886, 2l,928 ahead of
1885, 29,1S5 ahead of 1884, 35,131 in
1888 and 1929 in 1882.
For the same area kilowatt-hour
sales to residential and commercial
consumers, excluding street lighting or
railways, also showed remarkable gains
during July Totals for that month
in various years follow:
c7,56914s .1a5,s13
1932----29, ,541,371 1936----4757a1 163
3O.417,S35 1887
xe34----36.297. .S4S 193s----6O. .396.OO3
Financial District Notes.
James Trimble, vice president of
the National Bank of Washington, has
been away from his Office for the
last week as a result of illness. He
is reported on the road to recovery.
Rutherford J, Dooley. cashier of the