Evening star., 1939-01-12

1ngton. born and educated in the
Capital, got his first banking posi-
ton in Baltimore, but soon returned
to his native city. Prior to election
as vice president, he was cashier of
the National Metropolitan for 21
years.
Mr.. Jacobsen was very closely as
sociated with the late George w.
White, absorbing many of his bank
Ing ideas as well as his convervatism.
He is member of the Executive
Committee of the Washington Clear
ing House Association and deeply
interested in the affairs of the Dis
trict Bankers Association, having
rendered valuable service on many
important committees. He has long
been director as well as an officer
in the Metropolitan.
johnson Veteran Banker.
Mr.. johnson, who becomes chair
man of the board was placed at the
head of the bank last November
shortly after Mr.. Whites death.
Greatly honored by the election, he
said at the time he did not wish to
carry the responsibilities over long
period. For that reason he was
made board chairman yesterday.
This is his thirty-second year as
director, during % of which he was
vice president. Born in the Capital,
the son of banker, he was educated
here and along with his banking
interests has taken an active part
in civic affairs. He is treasurer of
several important organizations.
At the organization meeting, all
other officers were reelected as fol-
'lows: A. A. Hoehling and F. E.
Hildebrand, vice presidents; H. F.
Stokes, cashier; Stanley D. Willis,
trust officer; G. H. Bright, r. E.
Briggs, and c. l.. Ecklof, assistant
cashiers; r. P. Hollingsworth, S.
Winifred Burwell, Harold A. Kertz
and Thomas H. Reynolds, assistant
trust officers, and F. v. N. Cook,
auditor.
Washington Loan Votes Extra.
In addition to the usual quarterly
dividend of 81 per share, the di-
rectors of the Washington Loan &
Trust Co., at the organization meet
ing of the board yesterday afternoon,
declared an extra dividend of like
amount. According to announce
ment made by President Harry G.
Meem, both dividends will be pay
able on February l to stockholders
of record January 81. Mr.. Meem
stated that this will be the 186th
consecutive dividend paid by the
company since its establishment in
1889.
The following officers were re-
elected: Arthur Peter, chairman
of the board; Harry G.. Meem, pres
ident; vice presidents, Charles H.
Doing, William H. Baden, Alfred H.
Lawson and George M. Fisher; as
sistant treasurers, James M. Mason
Ralph Endicott, Norman E. ToWson,
George o. Schweinhaut and Harry
L. Smith, jr. assistant trust officers,
Leonard Marbury, Bernard L. Amiss,
Harry w. Gauss, and Vincent A.
Sheehy, jr.; assistant real estate
officers, Herbert w. Primm, Edward
L. Brady.
American Co. Names Directors.
Stockholders of the American
Company, a real estate firm, re-
elected these directors at the annual
meeting: Charles G. Abbot, George
w. Harris, James NJ Johnston, Harry
King, Frank T. Mitchell, Vernon G..
Owen, John Poole, James Brown
Scott, Leon Torbriner and L. Perry
West.
John Poole, president. reported
that the firm earned and paid the
5 per cent cumulative dividend on
the preferred stock, although the
new company only began business
on March l, 1888, perior of 10
months.
This company, organized under
the laws of Delaware, succeeded to
all of the business of The Federal
American Company. A statement of
assets and liabilities, as reported to
the stockholders, reflected a net
worth of approximately 100000.
Federal Storage Co.
Stockholders of the Federal Stor-
age Co. reelected these directors at
their annual meeting: Charles S.
Baker H. Randolph Barbee. Daniel
l.. Borden, Henderson S. Dunn,
Henry P. Erwin, D. P. Gaillard,
James M. Johnston, Harold N
Marsh, Carroll Morgan, E. K. Nor
ris, Donald F. Roberts, Charles G.
Treat and Griffith Warheld.
All officers were reelected: E. K
Morris, president; Harold N. Marsh,
first vice president and counsel,
James M. Johnston, second vice
president and treasurer; H. Ran
dolph Barbee, secretary; Paul E.
Tolson, assistant vice president; S.
Webster Adams assistant vice presi-
dent; A. Russell Barbee, assistant
treasurer; Marian c. Trumbull, as
sistant secretary.
Hogan to Address Bankers.
Frank j. Hogan, Washington at
torney and president of the Ameri-
can Bar Association, will be the
guest speaker at the 23d annual ban
quet OF the trust division of the
American Bankers Association in
New York on February 16, it was
announced today. This meeting is
always attended by Capital bankers
who are especially interested in trust
matters.
Heard in Financial District.
Washington Gas SIS. 1860, were
strong on the Washington Exchange
today, $1,000 moving at 1861. Amer
ican Telephone, which rarely ap-
pears on the local board, came out
today at $50.
Potomac Electric Power 51a per
cent preferred moved at 116 and the
6 per cent preferred at 116A on
single share. sales. Washington Gas
Light common stock sold at 30, q
new high, due to the recent dividend
increase.