Evening star. [volume] (Washington, D.C.) 1854-1972, 1940-01-23

States are located. The Washing
ton banks, together with rank and
deposits listed in the roll call, as OF
December 81, 1899, are:
Rank. Name. Deposits.
II. Riggs National - $l08,843 ,029
127. American Security &
Trust co.. 55,125, 4Ol
233. Natl. Metropolitan 27900,7l0
235. Hamilton National 27,786,7 05
1852 Wash. L. g. TT. Co. "a, 1853 ,668
Railway Common Sells at 800.
Three shares of Washington Rail-
way g. Electric common stock sold
on the Washington Stock Exchange
today at $500 share.
This is the highest price at which
the stock has ever sold. The final
bid yesterday was $3.50 share.
The stock closed today with $3.50
again bid and none offered. The
stock paid $50 a share in dividends
in 1899 and 1898, and is by far the
highest priced issue on the Wash
ington Exchange.
Capital Traction SIS sold today at
1884,. Washington Gas SIS. 1860. at
12434. and Is shares of Liberty
National Bank stock at 166.
Loan Group Names Officers.
Shareholders of the Northwestern
Federal Savings & Loan Associa-
ton were told at the annual meeting
by Howard S. Colt, secretary treas
urer, that 1889 was the best year in
the history of the group. Mr.. Colts
report revealed that total assets
were S3,313,000, net gain for the
year of $4,000.
Reelected president for the ensu-
ing year was E. V. Crittenden. with
r. L. Houston Jones, executive vice
president: W. S. Dewhirst, vice pres
ident; Howard S. Colt, secretary
treasurer; William K. Copenhaver
attorney, and r. H. Gibson, assistant
secretary.
All directors were continued in
office, including Frederick Lewton,
Jesse H. Powell, George E. Scott,
DR.. w. w. Stockberger, w. r. Tuck
erman, Stanley D. Willis and Messrs
Copenhaver, Crittenden, Dewhirst,
Colt and Jones.
Thorn Notes Banking Gains.
Corcoran Thorn. in his annual
report as president of the American
Security & Trust Co., stated that
real estate conditions continued to
improve during 1899, compared with
the year 1888 The market for
homes was satisfactory and there
was a good demand for loans. Trust
department earnings were the great
est in the history of the bank, Mr..
Thorn said
The bank president noted a con-
tinued increase in expenses, the wage
and hour law being most important
factor in this situation. Another
expense included taxes paid under
the District of Columbia Compen-
sation Act. Since the inception of
the act, the company has paid nearly
100000 in these taxes.
On January /, 1910, the officers
and employees of the company be-
came eligible to participate under
the Federal old-age pension law, Mr..
Thorn stated. The Social Security
Act as amended in August, 1899,
places all officers and employees I'M
der its provision. Plans have already
been made for meeting these pay
ments.
The report shows that the trust
company closed 1889 with the highest
deposits and assets on record. De-
spite troubled conditions throughout
the world, Mr.. Thorn looks for favor
able conditions in the Capital in
1910.
Schardt Elected President.
Peter j. Schardt. assistant to the
vice president of the Southern Rail-
way, was elected president of the
First Federal Savings & Loan As
ISOLATION at meeting of the Board
of Directors yesterday. Other off,
GERS elected:
Edwin Jacobson. vice president
and treasurer; c. H. Ellingson, ex-
ecutive vice president and manager;
Ralph w. S. Bonnet, secretary; c..
Edwin Kline, assistant secretary
treasurer, and Walter M. Bastian,
general counsel. Harold E. Doyle,
Edwin Jacobson, Julian S. Scott and
Hugh A. Thrift were reelected as
appraisers.
The Board of directors consists
OF Thomas Somerville. Sd; c. Wylie
Allen, Ralph w. S. Bonnet, Harold
E. Doyle, c. H. Ellingson, DR.. Carl
Henning, Edwin Jacobson, w. D.
Jameson, P. J. Schardt, Hugh A.
Thrift and Adolph H. Volkmann.
Controllers to Discuss Taxes.
The January meeting of the Dis
trict of Columbia Control of the
Controllers Institute of America will
be held this evening, starting with
dinner, at the Carlton Hotel at $780,
r. E. Heitmuller of the Acacia Mu-
tual Life Insurance Co. and w. r..
Little Of The Evening Star News
paper Co. will lead round-table
discussion on experience rating sys-
TENS and their relation to tax rates
under unemployment compensation
acts Humphrey Lloyd of Washing
ton Properties, Inc, will preside.
Heard in Financial District.
Controller of the Currency Delano
reports that receiverships were ter
minated in 149 closed national banks
during 1899, leaving $40 still in
liquidation. OF the banks still III
liquidation six were closed during
1899. Depositors in 149 banks for
which receiverships were closed out
received 100000 of the $3.50, 0O0,-
600 they originally had on deposits,
or 74.94 per cent.
The Investment Bankers Associa-
ton will hold its 10Th annual con-
vention at Hollywood Beach Hotel,
Florida, next December to 10, con-
siderably later than usual because of
the national election. The meeting