Evening star., 1940-01-19

VI tIle blllCOlIl
National Bank.
George H. Victor B. Deyber.
Bright was again named manager
of the Clearing House and Silas E.
Moore assistant manager, both being
connected with the National Metro
politan Bank.
Annual reports showed the Clear
ing House had very busy year.
Meem Reports 1899 Progress.
All requests for sound loans re-
ceived during 1889 were allowed,
many loans were made under Title
I and many more under Title II of
the Federal Housing Act, Harry G.
Meem, president of the Washing
ton Loan & Trust Co., stated in his
annual report to the stockholders.
The statement is in line with re-
ports from other Capital banks,
which indicate that officials made
an extra effort during the year to
extend all desired credit and give
business the fullest possible support.
Mr.. Meem says loans were greater
than a year ago, deposits we're
higher and bank earnings per-
mitted the payment of an extra
dividend of 2 per cent in February,
1899, in addition to the regular
quarterly dividends of 2 per cent,
making a total disbursement of
100000 to shareholders. More than
$67, 1000 was added to undivided
profits and to reserve for contin-
gencies.
Mr.. Meem stressed the value of
Christmas savings clubs. Subscrip-
tions to the banks 1889 club totaled
1853, 720 or an average per capita of
$114.47, more than double the
amount reported in Nationwide
survey of banks in other cities, and
in spite of the fact that these ac-
counts pay no interest.
Higher levels for business in
Washington in 1910 were predicted.
1t is noteworthy, Mr. Meem said,
that the number of Government
employees has risen from 77,038 in
1888 to 10000 in 1899, which is re-
f1ected by an increase in store sales
OF so per cent during that period.
Builder on Storage Board.
Allison N Miller, president of w.
c. & A. N. Miller Development Co.,
elected recently to the Board of Di-
rectors of the Federal Storage Co.,
is a graduate of Cornell University
and member of the Alfalfa, Uni
versity, Lions and Columbia Country
Clubs and the Washington Board
of Trade. He is also past master of
the Temple-Noyes Lodge, No. 80, F.
A. A. M.
Raymond B. Dickey, dean of
Washington Chapter, American In
stitute of Banking, is reported by
Francis E. Robey, chapter president,
to be improving from his long ILL
ness. Mr.. Dickey has been a men,
ber of the institute faculty for many
years and has practiced law in the
Capital for much longer period
Plate Glass Officers Named.
Stockholders of the Home Plate
Glass Insurance Co., 918 F street,
elected these officers at the annual
meeting Thursday: William H.
Baden, Charles R. Brown, George
M. Emmerich, Philip Larner Gore,
Charles E. Hood, Albert w. How
ard, H. Glenn Phelps, Andrew Saul
and William H. Somervell.
The board subsequently elected
the following officers: George M.
Emmerich, president; Albert w.
Howard, vice president; William H.
Somervell, secretary treasurer, and
William H. Marbury, assistant Sec
retary-treasurer. The annual report
showed the company, now 68 years
old, had fine year.
Storage Firm Holds Election.
Stockholders of the Security Stor-
age Co. reelected the following
directors at the annual meeting:
C. A. Aspinwall, William j. Flather,
jr.; Chauncey G. Parker, jr.; H. L.
Rust, jr.; Corcoran Thorn and Lloyd
B. Wilson.
The officers for 1910 are: C. A.
Aspinwall, president; c. w. Pimper,
vice president and treasurer; Paul
Alvey, secretary; Helen Howison,
doSlSCd1lU VI Cdoul C4 -. SOAC ., GO
sistant secretary, and r. H. Hauser,
assistant treasurer.
Paul Alvey, the new secretary, was
elected to the position to fill the
vacancy caused by the retirement
Of Charles P. Ravenburg during the
year.
Auditors Visit Baltimore.
Thirty-three members of the
auditors section of the District
Bankers Association held their
yearly joint meeting with the Balti-
more auditors last night at the
Longfellow Hotel in the Monument
City. The chief speaker was DR.. W.
Mackenzie Stevens, dean of the COL
lege of commerce of Maryland Uni
versity.
For two years he was financial
adviser to the Chinese government
in China. DR.. Mackenzie spoke on
his experiences in China, which
were most interesting. H. Norman
Glasco headed the Washington dele
cation as chairman Of the section