Evening star., 1939-05-11
Anacostia Officers Renamed.

AndCOStld OII1CeTS heNdntO.
All officers of the Anacostia Bank
were reelected at the annual meet
ing held yesterday. J. F. Campbell
was again elected president; w. L.
Koontz, vice president and cashier;
L. W. Thompson, vice president;
Carl c. Smuck, assistant cashier;
w. w. Young, assistant cashier;
Allen H. Cannon, assistant cashier,
and George c. Gertman, attorney.
The Board of Directors includes
Mr.. Campbell, r. U. Cooper, Frank
M. Dent. George S. King, Mr.
Koontz. George S. Maier J. R.
Pyles, Earnest J. Reed, Elmer M.
Smith, L. w. Thompson, Robert
Thompson and Irving Yochelson.
The annual report disclosed a
gain of more than 100000 in de-
posts during the year, bringing
this item to the highest point in the
banks history. The rest of the re-
port was highly favorable.
Insurance Payments Heavy.
Every day in 1888 life insurance
policyholders and beneficiaries in
the District of Columbia were paid
$36,712, or a total of $l3,400,000 for
the year, according to special COM
pilation by the National Under
writer.
Of sl,273,oOo, or 10 per cent over the
1887 total of S12,127 900. The 1896
total was s11,S20,0Oo
District of Columbia ranked thirty
seventh in life insurance payments
among all States, while it is thirty
ninth in size of population. The per
capita payment in 1898 was S2l64,
compared to S1959 the year before
Substantial life insurance pay
ments were made in nearby States,
Maryland having $42.0O0O00 with
Baltimore as its leading city with
$16,730.000; Virginia's life insurance
payments totaled $38,200,000, led by
Richmond with $3,76O,00O.
Bankers Ready for Election.
Members of Washington Chapter,
American Institute of Banking, we're
ready to start their annual election
of officers at 3 o'clock today IN the
chapter rooms.
Unopposed candidates included
Francis E. Robey, for president; Ed
ward NJ Blaiklock, first vice presi-
dent; John NJ Christie, second vice
president; Leona E. Draegef, secre-
tary.
There we're two candidates for
treasurer, Raymond L. Jones and G..
Crawford Turnbull There was a
contest for assistant secretary, Helen
NJ Healy and Dorothy Lanham be-
ing the candidates. Another inter-
esting contest was for chief counsel,
Kenneth Birgfeld and Neal w. Wells
seeking this honor.
There was also an interesting con-
test for the naming of four members
to the Board of Governors. with
seven entries in the race.
Transit Stock Turns Upward.
Todays session of the Washing
ton Stock Exchange was featured
by the sale of 100 shares of Cap
ital Transit stock at 14s4. a gain of
y of a point over yesterdays close.
It will be recalled that 165 shares
changed hands yesterday at ID. The
high for the year is Is.
Washington Gas Light stock was
strong on a 10-share sale at 1852
Other issues were unchanged.
More than 20 Washington bank
ers have gone to New York to at
tend the seventh annual Eastern
regional conference of the National
Association of Bank Auditors and
Controllers, in session there for
the rest of the week.
Financial District Comment.
The dividend just voted on the
preferred stock of the National
Mortgage g. Investment Co. was
planned several weeks ago by
President James P. Schick in con-
nection with reorganization of the
company. Mr.. Schick did not live
to see the dividend actually voted
however. A meeting will be held
soon for the election Of his sue
cessor.
The Baltimore Security Dealers
Association has invited several
Washington financiers to the annual
outing on Friday, May 10. 1t SC
happens that the Washington Bond
Club is holding the annual frolic
on the same date.
The dollar volume of retail finan-
cling of new passenger automobiles
was 400 per cent higher in March
than during the same month of 1888
and 1863 per cent off from March
1887, according to preliminary esti-
mates of the Department of Com
merce. AS compared with Febru-
ary, 1899, there was an increase OF