Evening star., 1938-06-02
CAPITAL BANKS
HOLD ELECTIONS
East Washington Savings
Names Is Trustees for
Coming Year.
BY EDWARD C. STONE.

BY EDWARD c. STONE.
Stockholders of the East Washing
ton Savings Bank held their annual
meeting yesterday and elected the fol-
lowing Is trustees to serve the bank
for the coming year:
John c. w. Beall, T. Earle Bourne,
Charles A. Garry James A. Dononoe,
Gratz E. Dunkum, Lewis Flemer, John
Ford, w. p c. Hazen, Edward B.
Hughes, jr.; Francis J. Kane. Morris
E. NARROW, Henry H. Mckee. William
N. Payne, jr.; William F. Simpson and
Lambert o. Turner.
Officers will be elected at the first
meeting of the new board Tuesday
June IA.
Metropolis Directors Named.
At the 72d annual meeting last
night of the Metropolis Building As
sociation all of the present directors
were reelected. From this group Sc
lections will be made for the annual
election of officers in July.
The reelected board consists of
Harry G. Wilson. John Scrivener.
Edward A. Tripp. Rudolph w. Santel-
mann, George NJ. Siebert. William A.
Simpson, Henry M. Wiegand, Martin
T, Wiegand, Arthur Seagren, Hairy H.
Wilson and Harry E. Tripp.
Metropolis Building Association, sec
ond oldest in Washington, was estab-
lished in 1866 and now reports re-
sources in excess of SIS, 10000
Diggs to Address Bankers.
Marshall R. Diggs, acting Controller
of the Currency, will make the prin-
cipal address at the second session of
the District Bankers Association at
Hot Springs on Friday, June 10. Pro-
gram Chairman Frederick P. H. Sid
dons announced today. He will dis
cuss Bank Management"
In the five years he has been in
Washington he has addressed many
bank meetings all over the United
States. He has been at the head of
his Office since Controller j. F. T.
O'Connor resigned in April Having
charge of the management of ma
tional banks and the liquidation of
insolvent national banks, he is also an
eX officio member of the board of di-
rectors of the Federal Deposit Insur-
ance Corp.
Mr.. Diggs is graduate of the Yale
Law School and practiced law in
Chicago for several years before the
World War
Washington bankers will be particu-
larly pleased to have the controller
among the convention speakers. Ar
thur j. Linn, president of the National
Association of Bank Auditors and
Controllers and controller of the
Hamilton National Bank. is also III
the program to speak on Twenty
Years of Banking in the District of
Columbia
The report Of the Taxation Com
mittee will be presented by Chairman
L. P. McLaclalen. president of the
McLachlen Banking Corp, and the
report OF the Credit Bureau, by Clara
McGrath, will be read. First Vice
President Hilleary c. Hoskinson will
preside over the second session.
Twelve Bankers Registered.
Twelve Washington bankers will be
In attendance at the Graduate School
of Banking at Rutgers University dur
ing the two weeks Of June 20 to July
2. it was announced today by Rich
ard w. Hill, registrar.
The delegation from the Capital
will include John c. Baumann,
Charles T. Malone, Andrew w. Lee
Laurence H. Jones. Samuel R. Car
penter, all of the Board OF Governors
of the Federal Reserve System; Ken
meth F. Brooks, Daniel J. Callahan,
jr. Charles R. Fadeley, Henry K.
Dierkoph and John NJ Christie, Riggs
National Bank; Vincent A. Sheehy,
jr,, Washington Loan & Trust Co., and
w. L. Sanderson, Hamilton National
Bank
The Graduate School OF Banking
is an advanced school in banking
sponsored by the American Bankers
Association and is attended by 600
bankers from all over the country.
1t offers two-year course, an ex-
tended home course supplementing
the residence sessions.
The work of the school covers bank
ing, finance, economics, business law
and related fields. The courses are
given by a faculty consisting of
university professors, practical bank
operating officers and Government
officials.
w. J. Hook, district freight agent
of the Seaboard Air Line Railway in
Richmond, Va, has been promoted
to express traffic manager at the
roads headquarters in Norfolk, ef-
fect1ve June l. G. M. Kimble, mail
and express traffic manager, has been
appointed mail traffic manager.
Mr.. Hook recently completed spe-
clal ASSIGNMENT pertaining to better
ments of pickup and delivery and
merchandise service, coordination of
rail and highway facilities and kin
dred matters.
Mr.. Kimble has been mail and ex-
press traffic manager of the Seaboard
for the last % years.
New High Mortgage Record.
Residential mortgage insurance by
the Federal Housing Administration
hit new high mark in May, with
mortgages selected for appraisal ag-
gregating about SlOO,00O,OOO for the
month, it was announced today. Be-
tween 10 and rs per cent of the
insurance is believed by officials to
represent new construction.
Washington Offices having quotas of
the new United States Steel 10-year
3A per cent debentures for sale, had
no trouble in disposing of them today.
They were all booked before the of
fering went onto the market, priced
at 100 and accrued interest.
Members of the Washington Auto
motive Association will meet next
Monday evening at the Hay-Adams
House.
The Washington delegation to the
annual convention of the American
Institute of Banking at Louisville will
leave here late Sunday afternoon.