Evening star., 1940-03-27

side at the OPEN ''s' ''"'s.
Ing luncheon this noon. FRANK
Hancock, jr.. member OF the Feo-
eral Home Loan Bank Board. was
slated as the first speaker. 10 oe
followed by Jesse Jones' Feoeral
Loan Administrator.
Other speakers listed on the pro-
gram are Chief Examiner j. L.
Bailey. District of Columbia: Rob-
ert M. Hanes, president, American
Bankers Association; Gov. James
Twohv of the Federal Home Loan
Bank System, and Morton Bodhsh'
executive vice president OF the
United States Savings and Loan
League.
Tomorrow's program calls for a
report on the activities OF the DIS
trict Building and Loan League by
Secretary F. Wilson Camp: an ad-
dress by George w. West, president
of the national league. and an ad-
dress by Carl j Bergman OF this
CITY, Among those attending the
sessions from Washington. are:
c, Clinton James, Carl H. Elling-
eon, Charles H. Kindle. William N.
Pavne jr.. F. Wilson Camp. P. j..
Schardt. Clarence E. Kefauver. Ed
ward K Jones. Wilfred H. Blanz,
Edward c. Baltz. C. ]. Bergman
and Walter NJ Bastian.
d. C. Firm 109 Years Old.
One OF the oldest insurance COM
panies in the United States, The
Potomac Insurance Company of the
District of Columbia, is observing
it's lO9th anniversary this month,
the charter having been signed in
March. 1881. The firms home office
Is at 900 F street NV
The latest financial statement
shows that 1889 was one OF the
company's best years, net premiums
written amounting to s2,172,296.43.
the largest sum being $l,138.3l8
placed on motor vehicles and the
next largest sum, $73l,25 in fire
Insurance.
The company has 81 900 900 capi-
tai and total assets amounting to
s5262.O29. the report states. The
d.
the company long and we'll, include:
John H. Grady. president: Thomas
c. Moore. vice president and man
sger; Judge A. A. Hoehline. second
vice president; Alexander K. Phil
lips, secretary: j. W. Lawler and
William C. Dent, assistant secre-
taries.
The board of directors includes
Mr.. Grady. Judge Hoehllng, Charles
r Hood. c. F.. Jacobsen. Sir Francis
Norie- Miller. James F.. Mitchell,
Stanley Norie- Miller. c. F r. Ogilby,
Mr.. Moore. Mr.. Phillips and Fred
erick Richardson.
Convention Delegates Named.
Members OF the District OF Co.
lumbia Building and Loan League,
meeting for the monthly session
Yesterday al the Raleigh. heard
President William N. Payne, Jr.,
outline district activities for the
coming spring season. Attention
was directlv focused on the annual
conclave of the Southeastern group,
which comprises IL States and the
Vi SldJCu W tdhC
place May 6-7-8 in Louisville.
1t is expected large delegation
from Washington will attend as a
compliment to Carl j. Bergman,
who represents this section of the
country on the board of the United
States Savings and Loan League.
Martin A. Cook and F. Wilson
Camp were elected delegates, with
S. Schuyler Symons and R. w.
Santelmann alternates.
Five ID. C. Banks in List.
According to the first 1910 edition
Of Rand McNally Bankers Directory
there are 275 commercial banks in
the country with more than $25.-
100000 in total resources-a gain OF
IA banks in six months.
Total resources of these PTS banks
amount to S43,265 .359 000-a gain of
S3,O92, 10000 in six months. This
list includes these five Washington
banks: Riggs National, ranking 77th
with s118, 8,731 900: American Security
& Trust Co., ranking 18th with s64,-
244,0O0; National Metropolitan
ranking 23ath with s30,631 900;
Hamilton National. ranking 243d
with s3OO84,0OO, and Washington
Loan & Trust Co., ranking 253d
with S27,965, 900.
S. E. C. Rules Explained.
M. Quinn Shaughnessy of the
Securities Exchange Commission
addressed the District of Columbia
Control, of the Controllers Institute
of America, at it's monthly meeting
last night on Registration Require
ments and Procedures of the S
e. c." The meeting began with
dinner at the Carlton Hotel at $50
Humphrey Lloyd, vice president Of
Washington Properties, Inc, and
president of the local chapter, pre-.
Sded.
Montgomery Bonds Awarded.
Montgomery County, Md, ha:
awarded $289 500 refunding and park
bonds to a group composed of PAINE
Webber & Co.. C. F. Childs & Co
and Ellis & Co. on a bid of 100.4t
for 22Os. The bonds are datee
April l and mature 1945-59.
The Western Maryland Railway
reports net income of s435, 1897, com
pared with a net of $103, $50 in thu
like period in 1885, This was equa
to IS cents a share on the common
stock.
Heard in Financial District.
The 81 dividend on United State!
Steel common stock was the chic
topic discussed in the boardroom!
today. Brokers took the DIVIDEND
to mean that the steel executive!
expect business will be good the res
of the year, favorable omen fol
business in general.
Ten shares of Mergenthaler Limo.
type sold at 141a on the Washington
Exchange today, 20 shares OF Cap.
ital Transit moved at 14h and Po'
tomac Electric Powef51a per cen'
,,referred reoisfered ty@