Evening star., 1939-04-11
Riggs Emp|oye Wins
Speaking Contest Of
A. |. B. Chapter
W. H. Smith Is First,
Carr and McGeory Are
Second and Third
By EDWARD C. STONE.

BY EDWARD C. STONE.
w. H. Smith of the Riggs National
Bank won the annual public
ing contest of Washington Chapter,
American Institute of Banking, held
in the chapter rooms last night;
Roland T. Carr, also of Riggs, won
second honors. and j. Earle Nc
Geary of W. B. Hlbbs e. Co. was
awarded third place, the contest
being one of the best in years.
Other contestants were George
Dagenais. Riggs; George Rowzee,
Lincoln National, and Stephen o.
Porter of Riggs. 1t was the sixth
time an employe of Riggs has won
the contest.
Francis E. Robey, Bank Of Com
merce g. Savings, who is chairman
of District No. 2. National Public
Speaking Committee, presided. Mr..
Smith was presented the Bank Pres
idents' Cup.by Ord Preston, first vice
president of the District Bankers
Association and president of the
Union Trust Co., who was one of
the judges.
AS Mr.. Smith has not COMPLETED
sufficient courses at the American
Institute of Banking to make him
eligible to enter the seminal con-
test, which is to be held in this city
on May 6, Mr.. Carr will represent
Washington Chapter Mr.. Carr won
the District semifinal contest last
year and won second place in the
national contest.
The judges were: Mr.. Preston,
Needham c. Turnage, United States
Commissioner for the District of
Columbia, and De Witt Bennett,
assistant professor of public speak
ing, George Washington University
The committee in charge included
Vernon w. Hill, Security Savings g.
Commercial Bank; J. Kennedy Ire
Ian, Washington Loan g. Trust Co.;
Mr. McGeary and Alfred w. Sher-
man, American Security g. Trust Co.
Loan Associations Best Year.
At the annual meeting of the
stockholders of the Citizens Equit-
able Building Association in George
town last evening, it was reported
that 1888 was the best year in the
companys 56 years of existance. A
substantial increase in assets, loans
and surplus was reported, Assets at
the end of 1888 totaled s382.19512,
with loans on real estate totaling
s359,19512.
I. B. Nordlinger was reelected
president, the other officers includ-
ing John Hadley Doyle, vice presi-
dent: Harold w. Burnside, secretary;
Mrs. I. B. Arendes, assistant secre-
tary; Garry L. Selbey, treasurer, and
Bernard I. Nordlinger, general
counsel.
The directors are P. F. Carr, Henry
W. Draper, A. L. Haycock, Robert E.
Layton, Jerome B. Mckee and
George A. Scheele. The organization
Is member of the District and
United States Building and Loan
Leagues.
Building Association Grows.
The annual meeting of the share
holders and directors of the North
ern Liberty Building Association will
be held tomorrow as the institution
enters upon its 49th year. Organized
and opened for business April /,
1891, Northern Liberty now has re-
sources in excess of S5,750.000 which
represents the highest point in his
tory. Each succeeding year has
seen the assets gain without ex-
ception. Dividends have been made
regularly.
Officers listed are F. A. Blundon,
president; William c. Zimmerman,
vice president; E. M. Emmerich,
secretary, and G. M. Emmerich,
treasurer. Directors include George
c. Gertman, Alvah Godding,
Charles w. Botsch, H. M Packard,
Harry E. Allen and William H.
Somervell.
Treasurer G. M. Emmerich has
been with the association from the
beginning.
Southern's Assets Improve.
Southern Railway Co. has issued
detailed report for year ended
December 81, l938 General balance
sheet as of December 81, last, shows
total assets of $626.55 ,O41, compar-
Ing with s6l6,76O8O3 on December
81, 1887. Profit and loss surplus was
$70,857 ,215, against surplus of $71,-
s23.7S6.
Net loss for year 1888 of $497 ,772,
after taxes and charges, is the same
as shown in preliminary report.
This compares with net income of
sSO5, 1922, equal to $1.34 a share on
100000 shares of 5 per cent non
cumulative preferred stock in 1887.
Officers of the Security Savings
& Commercial Bank, Francis G. Ad-
olson, jr, president. have been re-
ceiving congratulations on the pass
ing of the banks 26th birthday. The
bank opened for business on April
z, 1913, and has enjoyed sound and
steady growth ever since that time.
On the recent condition call. as of
March 20. issued by the controller
of the currency, the bank reported
total deposits of s3,205, ,67716, sub
stantial gain since the call of De-
cen1ber 81, 1888.
Financial District Comment.
The flduciaries section of the Dis
trict Bankers Association will have
dinner meeting at the Congress
sional Country Club this evening,
an extra good program having been
prepared.
Recent visitors in Wall Street
from Washington include Richard
P. Dunn, Auchincloss, Parker &
Redpath; Y E. Booker, head of the
firm bearing his name, and Marshall
o. Exnicios, vice president of Rob-
ert C. Jones & Co., and j. Clifford
Folger, member of the firm of Fol-
ger, Nolan & Co.
Joseph E. Healy, president of the
Citizens National Bank at Hampton,
Va, presided at the 1888 class re-
union of the Graduate School of