Evening star., 1938-01-19


In his youth he worked in a coal
mine, later in the wheat fields of the
Northwest, made fine record in the
World War and at different times
worked his way through three uni
versities, to become teacher of eco
nomicS and lecturer on banking and
allied subjects. In his address last
night he stressed the Importance of
special training as an indispensable
aid to the Junior bankers in their ef-
forts toward advancement.
Other speakers included William H.
Laughlin, chapter president; Thomas
j. Groom, president of the District
Bankers Association; Joseph r. Fitz-
patrick, first vice president of the
chapter; Eliot H. Thomson, for 16
years member of the institute faculty,
and John M. Christie, chief consul.
More than 100 chapter officials,
faculty members and guests attended
the dinner. Paul J. Seltzer, educa-
tional chairman, presided.
Trust Company Elects Staff.
All present officers of the American
Security & Trust Co. were reelected
at the organization meeting of the di-
rectors late yesterday as follows:
Corcoran Thorn. president: Howard
Moran and William L. Beale, vice
presidents; Frederick P. H. Siddons,
secretary: James c. Dulin, jr., treas
urer; T. Stanley Holland, trust officer;
William L. Beale, real estate officer;
James D. Barrett, auditor: Albert H.
III
sistant secretaries; David N Houston,
j. Eliot Moran, Arthur G. Nichols and
Earl G. Jonscher, assistant trust Off
GERS; Frank M. Perley, trust invest
ment officer; William w. Keck, Ed
ward E. Swan, Hans w. Ireland,
Percy c. Brady, Charles c. Boswell,
Richard E. Harris, Harry P. White,
William E. Schooley and James L.
Goldsmith, assistant treasurers, three
being assigned to the main Office and
the others to the banks four branches
The following were reelected as
members of the Advisory Board of
Branches for 1898: John M. Beane,
John G. Bell, William E. Bradley, Jo-
seph P. Burke, Robert j. Cottrell,
Charles R. Denny, John B. Geier,
Henry Foote Gibbs, John D. Green,
Gilbert Hahn, Charles M. Hammett,
Sidney L. Hechinger, L. A. Herman,
Ralph A. Judd, Charles Kattelmann, A.
Magruder Macdonald, William Miller,
William E. Miller, Howard Moran,
James c. Nealon, M. Frank Rupert,
Andrew Saul, John Saul, Edward E.
Swan and Henry Wahl.
D. C. Transit Payments Heavy.
A statement by the Capital Transit
Co. discloses that since the merger
in December, 1888, more than s22,-
$4,000 has been paid out in salaries
and wages.
The number of men and women on
the pay roll is now 1854. When the
merger went into effect, the combined
number employed by both street car
companies was 2,745. Outside the
Government. the transit company is
now the largest employer in the Dis
trict, both in numbers and the amount
OF money involved.
The Capital Transit Co. has spent
S1,160,Co0 in rerouting street car lines
since the merger, the statement adds. |
In the four years, the company has
bought IS new street cars costing
S1,O82,000. Fifty street cars were
bought from Providence, r. l., and
reconditioned at a total cost of $685.
600, while $236,000 has been spent in
Improvements on other cars.
Since the merger, 1879 street cars
have been retired from service. Some
were more than 25 years old and cost |
$4,000 each. New cars today cost
$4,000.
The company has also bought 371 |
buses at total cost of $685. 900 and
in the four years has retired II
buses. The company operates 537 street
cars and 400 buses in rush hours, |
while total of 400 street cars and
24S buses were operated by all COM
panies at the time of the merger, the
statement says.
Capital Transits tax bill for 1887
was $8l2.948 of which $69O,948 went
to the District of Columbia, the sur
vey concludes.
Credit Union Pays Dividend.
A dividend of 6 per cent for the
hscA year 1887 has been declared by
Federal Employees Credit Union No.
26l, In the War Department, the an
nual meeting having been held Mon
day. Promoting thrift among the
members is the aim of the organixa-
ton.
The board of directors and officers
are William S. Kinney, president;
Gertrude E. Coyle, vice president;
tow .y>
Bonneville. treasurer, and Elva Dec.
Cramer. B. r. Kleinwachter, ]. L.
Albright and Mrs. Pearl R. Turowski
are members of the Credit Committee.
The Supervisory Committee is COM
posed of D. S. Smith, L. Pearl Herring
and Felix Peckham.
~ Terminal Issue Is Delayed.
The Terminal Refrigerating &
Wsrehousing Corp. of this city has
adyanced the Offering date on the
proposed new issue to January "a or as
soon as practicable thereafter, the
SECURITIES and Exchange Commission
announces.
The Washington Office Of Gillet &
Co. announces that the directors of
Dividend Shares have declared divi-
depd of 90 cents a share, payable
February to stockholders of record
Jahuary IS.
The Pennsylvania Railroad reports
for II months net income equal to
$2D3 share on the company's stock,
as compared with $256 share in the
firSt II months of 1886.
The Southern Railway Co. reports
fot II months net income equal to
$l26 share on the per cent non-
cumulative preferred stock, compared
with 81 cents share on the common
stock year ago, after the S per cent
preferred dividend requirements.
Atlantic Coast Lines earnings for
1897 are now estimated at around So
xhare, according to the Wall Street
.INA1Rn01 Tsois