Evening star., 1941-12-14
Building Group
ToMark 18th
Anniversary
Metropolis Association
Started in Business
December IS, 1866
BY EDWARD c. STONE.

lllS AooOCldllOli, "iiSt cSoe4A N
ness on December 15 1856, and is
now one of the oldest institutions CT
its kind in the country.
Founded to help develop the
Southeastern section of the city, the
association expanded rapidly and
today numbers among its clients
residents of the entire metropolitan
area.
Resources, according to Rudolph
w. Santelmann, secretary. are at
the highest point on record, being in
excess of s6.700,000. Net increase
in assets during the past year was
100000.
The association is a member OF
the Federal Home Loan Bank, U. 5.
Savings and Loan League, and Dis
trict of Columbia Building and
Loan League. Harry G. Wilson. the
president, is assisted by John Scrlv-
ener, vice president; Mr.. Santel-
mann, secretary, and Henry E. Trlpp.
treasurer.
The directorate is composed OF
these officers, together with George
M. Siebert, William A. Simpson,
Martin T. Wiegand, Arthur Sea-
eren. H. Hazen Wilson, Chalmers
M. Croft, Charming S. Walker and
John S. Hardell.
Rand Drive
Immediate expansion Of activities
of Washington banks in promoting
the sale of Defense Savings Bonds
was announced yesterday by T.
Stanley Holland, president Of the
District Bankers Association. The
action was taken at very enthusl-
astic luncheon meeting at the Will
lard Hotel, called by Mr.. Holland,
who is also chairman of the banks
and trust companies group OF the
District of Columbia Defense Saw
ings Committee.
The organization of the District
committee was outlined by H. L.
Rust, jr., its chairman, who also
described methods designed to in
crease bond sales in the banks.
Others heard were John Saul,
chairman of the banking and
finance division of the District COM
mittee, and Hugh Lynch, admins
traitor of the committee.
Reports showed such heavy in
crease in the sale of bonds dur
ing the week that practically every
bank is now carrying a peak load
at the windows designated for such
sales. Due to the declaration of
war, the demand increased with
such suddenness that there were
some delays in the issuance of the
bonds. The rush may make it
necessary for the bonds to be de-
livered "a or 43 hours after the
orders are received, Mr.. Holland
said yesterday.
Trading on d. c. Exchange.
In the Saturday trading on the
Washington Stock Exchange. Capt.
tai Transit opened with 15-share
sale at 141s. The week closed with
two 10-share sales at 14I.
Following a single share sale, IS
shares of Potomac Electric Power
6 per cent preferred moved at 114la.
Washington Gas common appeared
on the board yesterday, so shares
changing hands at Is.
Issues listed on the Washington
Exchange are taking part in the
flood of regular and extra dividends
recently declared. About Is stocks
on the list are now being quoted ex
dividend and will soon make dis
bursements.
Barnett Heads Sales Group.
w. Carroll Barnett was named
president of the Washington Sales
Representatives Association at the
annual dinner and election of Off
GERS held at the Lafayette Hotel dur
ing the week. Mr.. Barnett, in
charge of this territory for r. B
Davis Co., succeeds Walter Leaman
local broker.
Other officers elected were Charles
E. ShultZ, vice president; Benjamin
P. Proctor. second vice president;
Harry K. Kent, secretary; Jesse M
Eader, recording secretary; Harry
L. Golladay, treasurer, and the fol-
lowing directors: r. E. Brawner
John Delp. Thomas Fox, Dan Hol-
land, w. P. McClung, A. c. Schau-
man and Webster Timanus.
Robert Jones Expands Office.
Spencer Waters, for many year!
an active floor member of the New
York Cotton Exchange. has joined
the staff of Robert c. Jones & Co.
in the commodity department, Mr.
Jones announced yesterday. Mr.
Waters is a graduate of Columbia
University and member of the D. K
E. Fraternity.
Robert C. Jones & Co. has alst
expanded the Washington office b.
the installation of quotation board
on which will be carried stock, cot
ton and grain quotations.
Bank Starts Defense Courses.
In keeping with the civilian de
fense program, classes in first ali
have been started at the Nationa
Savings & Trust Co., with approx
mately 100 officers and employees at
tending, it was announced yesterday
The group has been divided int
four classes, four instructors bein
assigned to the American Red Gross
The classes will continue eacl
week until the 20-hour courses hav
been completed Osmond Varels
assistant treasurer, is in charge o
the work.
Financial District Comment.
The Atlantic Coast Line Railroa
reports net earnings for the frs
10 months of this year OF S9.05
share on the common stock, agalns
a net loss of s556,52S in the like 1874
period.
The Railway Express Agency
preparing to ask the Interstate Com
merce Commission for an increase Q
10 cents a shipment, instead OF
cents, to Offset higher wages.
Members of the Washington Stoc
Exchange said Yesterday that ther