Evening star. [volume] (Washington, D.C.) 1854-1972, 1940-09-13

Crawford Turnbull, John Wilson,
Theodore Bogley. James D. Colman,
John Raymond, Robert c. Christie,
Helen Healy, Raymond McGivern,
Donald Borden. John R. Cooker,
Thomas P. Nelson, Stephen o. Por-
ter, Robert Shipley.
MacKendall Allen, David Folmer,
Sophia Karydakis, Stuart Ogilvie,
Joseph R. Fitzpatrick, Ralph Kid
well, T. Hunton Leith, Frederick A.
Daum. Vernon G. Hill, Edward c.
Holmead. w. Edward Brooks, G.
Elmer Father. Harry Harding, John
Warner, Ralph D. Endicott, J, Ken
nedy Irelan, H. D. Lawson, jr., and
Alton C. McAlister
Banks in Sound Position.
DR.. Stonier said that he addressed
Washington Chapter for the first
time just 10 years ago. Since then
the banks have been through the
greatest boom and the deepest de-
preston with the largest number of
bank failures in the history of the
country.
Today banks are in a stronger
position to render service to the
country both in times of peace and
war than they ever have been, he
said. In spite of the fact that last
year, comparatively slow year in
business, the banks made over Is
100000 credit transactions with in
dividuals, firms and corporations
amounting to $4,000, 900 900.
Mergenthaler Votes Dividend.
Directors of the Mergenthaler
Linotype Co. have declared divi-
dend of 81 per share, payable Sep
TENDER 30 to stockholders of record
September 10. it was announced in
the financial district today. This is
the first dividend decared Septem-
Der 20, 1888, when the company paid
80 cents per share.
In announcing the dividend Mer-
genthaler officials stated that they
had given careful consideration to
the present condition of the COM
pany and to the business prospects
for the coming year and felt that
a dividend was justified at this time.
The news Is of wide importance to
Washington residents as great deal
of Mergenthaler stock is held here.
The dividend was announced at
the session of the Washington Stock
Exchange, and both bid and asked
prices moved upward at once.
Two Other Dividends Voted.
Directors of the Security Savings
& Commercial Bank have declared a
semi-annual dividend of 4 per cent,
payable September 30 to share
holders of record September Is. it
was announced today.
Directors of the Carpet Corp.
per share on the outstanding stock,
have declared a dividend of so cents
payable September 81 to stock
holders of record September 10.
This is the usual payment at this
time, and the stock pays 50 per
year
Perpetual Employe Honored.
Officers. directors and many en-
ployes of the Perpetual Building
Association paid high honor to Miss
Sarah r. Lawton, who is retiring
after so years service to the or
ganization, at testimonial dinner
given last night at the Lafayette
Hotel.
Arthur G. Bishop. chairman of
the Board of Directors. paid glow
ing tribute to the brilliant service
rendered by Miss Lawton over such
a long period of years.
Edward G. Baltz, secretary of the
building association. presided as
POSTMASTER and presented Miss
Lawton with handsome string of
pearls as a token of esteem from
her associates.
Six consecutive $1,000 sales, two
$4,000 and one $500 transfer in Cap
ital Traction SIS were registered on
the Washington Stock Exchange to-
day, all at 1929,