Evening star., 1938-10-02

Trust Co., and first vice president
Of the District Of Columbia Bankers
Associa ton; A. M. McLachlen, Sec
retary-treasurer, McLachlen Banking
Corp, and second vice president of
the Bankers Association; T. Stanley
Holland, trust officer, American Sc
curity & Trust Co.. and third vice
president Of the association; Sidney
r. Taliaferro. vice president and trust
officer, Riggs National Bank; John
A. Reilly. president, Second National
Bank; Willard G. Barker, president,
Morris Plan Bank; Thomas J.
Groom, executive vice president. Bank
of Commerce and Savings: w. T.
Vandoren. vice president and cashier,
Liberty National Bank; F. H. Cox,
vice president, The City Bank; w.
r. Forster, vice president. Hamilton
National; Robert H. Lacey, cashier,
Columbia National; Horace F. Stokes,
assistant cashier, National Metropoli-
tan; Richard Norris, assistant cashier
and manager of the Seventeenth street
Branch, Lincoln National
The Speakers Unit is expected to
bring about a better understanding
Of banking and banking problems in
the community, explain its services,
facilities and importance and the
vital part it plays in the economic
life Of every individual.
D. C. Retail Trade Tops 1887.
Retail trade in Washington for the
week just ended averaged 224 per
cent better than the corresponding
week year ago, the Commerce De-
partment's review stated yesterday
The range was from a decrease of 7
per cent to an increase of II per
cent. the report added.
Retail trade in the Capital was
spotty when compared with the pre-
vious week this year, being 8.54 per
cent lower, the drop being largely
due to unfavorable weather. One
store reported a decrease of 40 per
cent and another gain of 36 per
cent.
Bank clearings were higher than
. year ago, $18,918.692 comparing
with $10,126,941. Building permits
were very much ahead of last year,
$467 900 against $216,5oo. Total pas
senger revenues of the Capital Transit
Co. totaled $2lO,864 against the lower
figure of $2O3,774 in the same week
in 1887.
There were more visitors in the
Capital than in the previous week but
not as many as a year ago, Washing
ton Monument figures disclosed. Trade
elsewhere in the Fifth Reserve Dis
trict was behind last year, the re-
view showed.
Perley Essay Contest Head.
The essay contest sponsored by the
District Bankers Association will be
held again this year. Joseph R.
Fitzpatrick, president of the WASH
ington chapter, American Institute
OF Banking, has announced the fol-
lowing committee to handle this work:
Frank M. Perley. trust investment
officer, American Security & Trust
Co., chairman; Ralph Endicott, as
sistant treasurer, Washington Loan g.
Trust Co.; Robert H. Lacey, cashier,
Columbia National; I. ]. Roberts, as
sistant cashier. Riggs National: VIII
liam T. Vandoren, vice president and
cashier, Liberty National.
Loan Association 48 Years Old.
Beginning its 49th year tomorrow,
the National Permanent Building As
sociation reports total assets of So
175,O00, the highest in hostory.
Organized and opened for business
October 3, 1890, during the admin
istration of President Benjamin Har-
rison, the original founders were a
small group of local business and
professional men.
The present officers are Robert E.
Buckley, president; Harry M. Packard,
vice president; Millard T. Dixon,
treasurer, and Roland M. Brown,
secretary. Directors are John B. Grier,
Joseph F. Zegowitz, Francis L. Neu-
beck, Alphone G. Hammer, James E.
Colliflower and Charles M. Wallings-
ford.
Voted Cotton Exchange Scat.
]. Thilman Hendrick, senior partner
In w. B. Hibbs & Co., has been elected
to membership in the New York Cot
ton Exchange, it was announced yes
terday. Mr.. Hendrick also holds seats
on the New York Stock and Curb
Exchanges, Chicago Board of Trade
and Washington Stock Exchange.
Arthur D. Stein has been appointed
. Washington representative of the
Lincoln National Life Insurance. of
Fort Wayne, Ind, J. D. Marsh, gen.
eral agent here, has announced.
Cyril B. Upham, assistant to Secretary
Morgenthau, has been named acting
controller of the currency, to succeed
Marshall r. Diggs, who is returning
to the private practice of law. The
appointment is called temporary.
On the Washington Stock Exchange
yesterday two sales of Washington
Gas Light preferred stock were
recorded at ssla, for week.