Evening star., 1940-07-24

the program in Robert v. Fleming.
cMdes high Government ofIicials.
The tentative list of Washington
bank omcials, as 1t now stands, in
cludeS:
Robert v. Fleming, president,
Riggs National Bank, past president
of the A. B. A., member of the
Executive Council and of the Ad-
ininistrative Committee.
A. M. McLachlen, president of the
District Bankers Association, and
vice president and treasurer of the
McLachlen Banking Corp.
Wilmer j. Waller. vice president
and cashier, Hamilton National;
member, Federal Legislative Council,
A. B. A.: State Legislative Council,
A. B. A., and A. B. A. Committee on
Relations with Federal Agencies.
Francis G. Addison, jr., president,
Security Savings g. Commercial
Bank; member of the Executive
Committee of the State Bank Divi-
sion and also member OF the Com
mittee on Federal Legislation, State
Bank Division.
Charles H. Doing. vice president,
Washington Loan & Trust Co.;
1 member of A. B. A. Nominating
Committee, representing the Dis
trict OF Columbia.
Other Financiers in List.
Frederick P. H. Siddons, secretary.
American Security g. Trust Co., and
member Of A. B. A. Taxation Com
lnittee; John Saul. executive vice
president, and T. Stanley Holland.
trust ofiicer of the same bank and
first vice president of the District
Bankers Association.
Thomas j. Groom, executive vice
president of the Bank of Commerce
& Savings
C. F. Burton. president, City Bank
and vice president, A. B. A. State
Bank Division. representing the Dis
trict Of Columbia.
Bruce Baird, president. National
Savings & Trust Co. William B.
Willard, vice president of the same
bank, and representing the District
Bankers Association as vice presi-
dent Of the trust division.
George o. Vass, vice president and
cashier, Riggs National; member of
Al B. A. executive council and pub
lie relations council, and Sidney F..
Taliaferro, vice president and trust
, ofncer, and chairman of the Federal
Legislation Committee of the A. B.
A. trust division.
John A. Reilly, president, Second
National, and second vice president,
District Bankers Association.
Ord Preston, president, Union
Trust Co., and immediate past presi-
dent Of the District Bankers Associ-
alton.
D. j. Needham, general counsel of
the American Bankers Association,
whose headquarters are in the
Washington Building, will attend the
conclave. as will his assistant, j. O..
Brott. Mr.. Needham's reports on
legal matters always are of out
standing interest and Importance.
June Loans Reach $3,s75,5oo.
Building and loan associations
doing business in the District of CO.
lumbia presented a combined pal-
ance sheet at the close of June with
resources of $3.50, 900, a slight de-
crease from May report when assets
topped the $150,000 900 mark. How
eyer, loan activity continued un-
abated with q total of 924 advances
recorded by the home financing
units.
Breakdown of the mortgage
transactions disclosed that 236 were
for construction purposes, 288 for
new houses not previously financed
while other loans amounted to 400.
The dollar total Of all loans made
during June was $3,975 500.
F.. Wilson Camp, secretary of the
District Of Columbia Building and
Loan League, stated today that the
volume of new share accounts
opened with the members during the
month reflected a substantial in
crease over the corresponding period
Of year ago.
Sherwood Heads Loan Group.
Shareholders of the Northeast
Building Association, meeting fol
the annual election of officers and
directors, were told by S. Schuyler
6ymons, secretary, that a gain o1
II per cent in assets was registered
during the fiscal year ending JUNE
30 as compared to the same perioc
Of 1889. Assets at the close of June
1889, were 81, ,464, 900, against s., ,701,-
900 this year.
John L. Sherwood was reelected
president for the ensuing year
Other officers reelected were w. s
Torbert. vice president and genera
counsel; H. c. Althoff, vice presi.
dent; s. Schuyler Symons, secre.
tary; A. e. Cowles, assistant secre'
tary: j. E. Payne, treasurer, and H
r. Engelbrecht, assistant treasurer
Directors reappointed were j. F
Belfield, r. j. Boehs, A. L. Foster
j. B. Rubino, Eugene H. Phifer ane
the officers.
Brightwood Bank Assets Sold.
Frederick j. Young, receiver of tn,
defunct Bank of Brightwood, an.
nounced today that remaining asset!
Of the institution have been sold fol
$3.50 to Meyer Steinberg of Balti
more, Md. Although the items dis
posed OF. had q book value of $240,.
600, their actual value was approx
mately 5000, Mr.. Young said. Tn,
receiver revealed yesterday that Ger
tain other assets had been sold TO
$500 to M. Jay Kramer of New
York City. -.
The bank, which the controller o
the currency closed on July 13, 1887
has paid 63h per cent to depositors
The extent to which depositors an,
other creditors will benefit from yes
'terday's sale will not be known TO
several months.
Traction Bonds Again Strong.
Capital Traction IS were again Il
demand on the Washington Stoc
Exchange today. opening with
$1,000 transfer at 102, followed by
$4,000 transaction at 1Olh. TIL