Evening star., 1939-06-13


The changes will increase the
number of cages to 2l, number that
provides for large amount of fu-
ture expansion. They will be new
style cages, all the old-style grillwork
being taken out. Glass will be used
in the place of iron and they will
be little higher than the so-called
'cageless counters"
The safe deposit department will
be moved to the basement, where an
entirely new safe deposit vault will
be constructed. This change will
supply a lot of additional space in
the lobby, at the same time giving
the safe deposit department much
additional space.
When the changes are completed
the bank will be air-conditioned,
the first bank in the city to adopt
this system. Addition Of the third
story will require the installation of
an elevator. A wholly new lighting
system is listed among the changes;
also all new floors.
The directors room will be moved
to the third floor, This floor will
be 130 feet deep, going back to the
alley and will have 13 windows
which will furnish unusual light for
the adding machines in the book
keeping department.
Much Nearby Building.
Near the Liberty National, located
at Fifteenth and 1 streets NV,
there is much building activity. On
the Mclean estate across the street
a huge Office building is soon to be
erected. Next to the bank on Fiji
teenth street one of the unions has
already started erection of a large
Office building.
Mr.. Calnan has been president of
the bank since the death of Rolfe
E. Boiling about three years ago.
The other officers include J. B.
Skinner, vice president; w. T. VAN
doren, vice president and cashier;
John M. O'Brien, assistant cashier;
William V. Simmons, trust officer,
and Norman B. Frost, general coun-
sci. The directors are:
E. S. Brashears, Thomas P. Brown
M. F. Calnan, j. T. Gull, jr.; DR.. l.
F. Davis, Howard P. Foley, Norman
B. Frost, Tracy L. Jeffords, Paul E
johnson, T. p. Littlepage, Lennard
H. Mitchell, DR.. r. H. Morhart, E. K
Morris, Vernon G.. Owen, Joseph A
Rafferty,, I. E. Shoemaker, F. N
Towers and w. T. Vandoren.
The Liberty Bank has resources
of s8,267,2 while deposits on the
controllers last condition call on
March %, totaled S7,315,845.34
d. c. Permit Totals Mount.
Dun & Bradstreet reported today
that permit value totals in the first
five months of 1899 in Washington
amounted to S17273,52l against So
1855 in the like period of 1899
Among 20 leading cities, this was the
largest increase reported.
New York City permit values were
not as high as last year, Sl02 ,689 ,284
comparing with $153,752,419 in 1898
All the other cities, however, re-
ported increases. with the exception
of Baltimore, where permits in the
first five months of 1889 totaled So
458,322 against 1882 ,OO5 year ago
Philadelphia and Detroit revealed
particularly good gains in the FIVE
month period, as did Los Angeles
Estimated building expenditures in
2l5 cities were 1873 per cent ahead OF
last year, the review said.
Today's Trading on Exchange.
Mergenthaler Linotype opened
trading on the Washington Stock
Exchange today with a 10-share sale
at TO- within l point of the high
for the year. Later Al more shares
appeared on the board at the same
price.
Potomac Electric Power 6 per cent
preferred stock was strong, 9 shares
changing hands at 1852.
Lanston Monotype figured in the
days trading when 50-share block
sold at 4424. off 4 from the last
previous sale.
Mead Bill Hearings Resumed.
Hearings before the Senate Bank
ing and Currency Committee were
to be resumed today on the Meao
bill, which deals with meeting So
called small business loan demands
through the Reconstruction Finance
Corp. Bankers all over the country
are strongly opposed to the bill anc
will follow the hearings closely.
q fiuoc of -
Bankers Association are scheduled
to testify against the Mead measure
before hearings are concluded
Financial District Comment.
Robert V. Fleming, president o1
the Riggs National Bank, will re.
ceive an honorary doctor of law;
degree from George Washington
University at tomorrow night.
graduating exercises, in recognition
of professional attainments and hi,
service to the university as chair
man Of the Board of Trustees.
James B. Edmunds, veteran Chesa.
peake g. Ohio passenger agent, was
in charge of the special train tt
and from Hot Springs, Va, for the
District Bankers Association con.
vention.
Lucius v. Friedli, who is seen ir
Washington courtrooms more thar
anywhere else, was the official re-
porter of the bankers convention
Every year the proceedings are pub.
lshed in book form for future ref.
erence.
Members of the American Bank.
ers' Association sent the Washing.
ton financiers at Hot Springs {
most cordial invitation to attene
the A. B. A. convention at Seattl,
In the fall. Reservations are nov
so per cent ahead of the same TIM
last year, the telegram said.
The Personnel Club of the Wash
ington Loan g. Trust Co., Herbert d
Lawson, jr.. president, held an out
ing Saturday afternoon and evening
at Bay Ridge. Frederick Genau wa
program chairman and there wer
90 members and guests present.