Evening star., 1939-01-19

america. before ne became dSSO-
ciated with Washington Properties
he was certified public accountant
in New York City.
This years vice president of the
credit association is William r.
Little, auditor and general credit
manager of The Evening Star News
paper Co.
Legg New Insurance Director.
At the annual meeting of the
stockholders of Legg, Griffin & Co.,
Inc, held yesterday. Edgar Kent
Legg, Sd, was elected to the board
of directors. Mr.. Legg has been with
Legg, Griffin & Co. since graduating
from Yale in 1884 and is an assistant
secretary of the company.
Following the meeting of the
stockholders, the directors met, re-
electing all of the officers and, in
addition. Lee A. Glascock, formerly
cashier, was made an assistant
secretary.
Mr.. Glascock has been with the
firm practically since its organi-
cation.
Crowley Is Forum Speaker.
Chairman Leo T. Crowley of the
Federal Insurance Corp. will be the
guest speaker at the forum meeting
of Washington Chapter, American
Institute of Banking, at the Willard
Hotel next Tuesday night, Program
Chairman Paul j. Seltzer announced
today. His many addresses before
bankers associations have aroused
Nation wide interest and his views
on banking standards and practices
will be heard with unusual concern
by Washington bankers. Policies
and plans of governmental agency
concerned with the protection of
timely and vital.
Chairman Seltzer has been as
sisted in the arrangements by Will
lard G. Barker, James C. Dulin, jr.;
Ralph Endicott, Robert H. Lacey, T.
Hunton Leith, I. J. Roberts and Rob-
ert G. Whitton.
Bank Debts Hit New Peak.
For the first time in 1888, the COM
posite of debts to individual ac-
counts reported by United States
banks last month was higher than
the figures for a year earlier. The
increase for the entire country, eX-
cept New York City, was l per cent
and the figures for Washington
banks make favorable comparison
with gain of per cent.
The Standard Statistics Co. index
of Washington bank debts for De-
cember is computed at 1853 1920-1924
equals 1000, compared with 146 in
November, and 160 in December,
1887.
Last months index for Washing
ton was the highest since June, 1887,
in other words, a new record for the
past 18 months.
National Capital Stock Rises.
The first sale for 1889 of National
Capital Bank stock occurred on the
Washington Stock Exchange yester-
day. 10 shares moving at 142, gain
of full points. Last year the high,
low and close was 1876.
Security Storage stock also ap-
peared on the board for the first
time this year. five shares selling at
1T, an advance of points since
the 1888 close at 112. During 1888
the stock sold as low as 1O7 and as
high as 118.
William w. Mackall, jr., took over
the presidency of the Washington
Exchange today, succeeding James
M Johnston, who has served the
exchange very efficiently for two
years. 1t is the present policy of
the members to change presidents
every two years.
An interest payment of per cent
on notes of the Chandler Building
Corp, secured on the Chandler
Building, will be paid on presenta-
ton of the notes at the Office of
Lawrence J. Heller, sos Colorado
Building, Mr.. Heller and R. B.
Behrend, receivers, announced today
Northwestern Federal Savings &,
Loan Associa ton shareholders will
hold their annual meeting in the
colorado Building tomorrow night at
o'clock.