Evening star., 1942-01-21
Capital Bank Loans
Show $16,428,000
Gain in Year
Survey by Controller
Also Reveals Shorp
Increase in Assets
BY EDWARD C. STONE.


according to survey just complete
by Controller of the Currency Pres
ton Delano. Loans were stepped u
from $128, ,22l 900 on December 8
1910, to S144, ,649 900 on December 3,
1941. During the same period In
vestments advanced from $136, ,389,
600 to Sl58,518,000.
Eank and trust company asset
made very sharp advance of SIT,
233,000, moving from S470.8ll GOO
year ago to S548, ,044,O ,OCO on Decembe
81 last. Total assets made a gain @
S18202,000 in the last quarter o
l94l.
During the same IL months banl
deposits moved from s4l9. .703 900 Il
S495 554,000, record increase o
S75,851 900, the controllers abstrac
reveals. Surplus funds held by tn
banks climbed from Sl7.290,000
year ago to s19,45l 900, up 81, 2,161 ,000
Savings deposits disclosed further
growth. reaching $l15,4l50O an up
swing during l941 of S4,778,000. TIL,
number of savings accounts revealed
an increase of 8215. stepping VI
from 289 .l02 to 297,3l7, the review
stated Other items also indicated
that the banks enjoyed one of tn,
best years in the history of the Cap
ital.
Ferris Again Exchange Head.
George M. Ferris of Ferris, Elk
ricios a. Co. was reelected preSi
dent of the Washington Stock Ex
change at the annual meeting helt
this noon, following the trading Ses
sion.
Edison B. Olds of Brown. Goodwyr
Il Olds was reelected vice presi'
dent; Harold C. Patterson O
Auchincloss, Parker & Redpath. sec
retary and James Parker Nolan O
Folger. Nolan g. Co., treasurer.
T. Baker Robinson of Robinson
Rohrbaugh & Lukens and Bernard
j. Nees of Johnston, Lemon & Co
were elected to the Board Of Gov
ernors. The members remaining or
the board are: President Ferris, ex'
officio: Y. E. Booker, James Parker
Nolan. Edison B. Olds and Harold c
Patterson. Mr. Booker was namec
chairman for the coming year.
The standing committees are
Membership-Messrs Booker. Robin
son and G. Fenton Cramer. Listing:
-Messrs. Ferris, Booker and Patter-
son. Buyiness conduct-Messrs. Pat.
terson, Nees, Myles H. Quail anc
Marshall o. Exnicios. Auditing
James c. Dulin, jr., and j. Newtor
Brewer, jr.
New Trust Company Officers.
Directors of the American Security
& Trust Co. have elected Bruce L
Cotton as assistant trust officer anc
William R. Pennington an assistant
treasurer, President Corcoran Thon
announced today. At the same
meeting Earl G. Jonscher. an as
sistant trust officer, also was electee
an assistant treasurer.
Mr.. Cotton. with the bank since
1925. is a graduate Of Central Higf
School and National University Law
School. Mr.. Pennington. who is con-
nected with the securities depart
ment, has been with the bank since
1918. is graduate of Mckinney
High School and attended George
Washington University. All the
present officers were reelected, a:
follows:
Corcoran Thorn. president: John
Saul. executive vice president: How
ard Moran. vice president: William
L. Beale. vice president and reaI
estate officer; T. Stanley Holland
vice president and trust officer,
Frederick P. H. Siddons, vice presl-
dent and secretary; Hans w. Ire
land. treasurer: James D. Barrett
auditor: William w. Keck, Edward
E. Swan, Frank M. Perley and Will
liam E. Schooley, assistant vice pres
idents: Albert H. Shillington ano
Robert L. Flather, assistant sec
retaries: David N. Houston. j. Ellol
Moran and Earl G. Jonscher, as
sistant trust officers, Frank M. Per-
lev. trust investment officer; Richard
z. Harris, Charles c. Boswell. Pau
J. Seltzer, Percy C. Brady, James L
Goldsmith and Kenneth Birgfeld
assistant treasurers.
Reelected to the advisory boaro
of branches we're John M. Beane
John G. Bell, Louis L. Bowdler
Joseph P. Burke, John B. Grier
Henry Foote Gibbs. John D. Green
Gilbert Hahn. Charles M. Hammett
Ben C. Hartig, Sidney L. Hechinger
L. A. Herman. Ralph A. Judd
Charles Kattelmann, A. Magrudel
Macdonald, John F. McCambridge
William E. Miller, Howard Moran
James c. Nealon, Thornton w
owen, M. Frank Rupert. Andrew
Saul. John Saul, Edward E. SWar
and Henry Wahl.
Firm to Boost Defense Bonds.
George A. Garrett, resident partner
In the investment firm of Merrill
Lynch. Pierce. Fenner Il Beane, an
nounced today that the concern Is
starting a special campaign among
all employees in all SO Offices for the
sale of United States Defense bonds
The firm plans to advertise the
bonds extensively at its own expense
and. of course, will receive no CON-
missions for sale of the bonds, Mr.
Garrett said.
The appeal to the public to buy
the bonds will be based on theil
merit as an investment and not fol
patriotic reasons. Mr.. Garrett added
AS investment dealers. the firm un.
hesitatingly recommends purchase o1
the bonds as "the safest use to which
fellow Americans can put theil
money"
The Importance to the Govern.
ment of Defense bonds sales in thu
prosecution OF the war is also
assigned as one of the main reason.
for the firms special efforts to push
sales.
Wilson to Address Bankers.
J. Wesley Clampitt, ir.. chairman
of the fiduciaries section of the Dis
trict Bankers Association. an.
nounced today that John J. Wilson
Washington attorney. will addres!