Evening star., 1942-01-22
National Savings Co.
Marks 75Years
Al Same Location
Banking Institution Has
Had Steady Growth
Since 1t Was Founded
BY EDWARD C. STONE.

panyS 1otn anniversary, tne pam
having opened for business Januar.
%, 1867, at the corner of Fifteenth
street and New York avenue NV
where it always has been located
President Rutherford B. Haye
signed the act of Congress which
chartered the company, and Secre.
tary of State Seward certified the
charter.
The institution was first knowT
as the National Safe Deposit Co.
opening in what was then known a.
the Plant Building. In 1870 tht
small office shared its space with the
National Savings Bank. At thai
time there were only two other safe
deposit companies in America. II
1875 the company purchased the
Plant Building and in 1888 built
a five-story brick building which i.
the center section of the present
structure.
In 1891 the safe deposit company
absorbed the savings bank, broad
ened it's business and established
a trust department. In 1907 Pres
ident Theodore Roosevelt signed
an act of Congress which gave the
trust company its present name
Many times the building has beer
enlarged and the banking quar-
tiers expanded. At the end of De-
cember, 1941, assets had grown tt
S26,277, ,35185.
Banks Present Officers.
Present officers are Bruce Baird
president; William B. Willard, vice
president; David Bornet, vice pres
ident; Barnum l.. Cotton, vice pres
ident; Frank R. Ullmer, treasurer
Nelson j. Foster, secretary; j. Fou-
taine Hall, trust officer; w. Hiles
Pardoe, real estate officer; Audley
A. P. Savage, auditor; John w. Cal
vert, Osmund L. Varela, A. J. FAINT
John M. Boteler, Herbert B. Lord
assistant secretaries; Henry w
Bransom, Lester A. Lawrence
Charles w. Fitzgerald, Herman G
Lauten, assistant trust officers; John
w. Crow, assistant real estate Of
dcer.
Directors include William D. Hoo
yer. chairman of the board; Scott
B. Appleby, Bruce Baird, Charles S.
Baker, Walter M. Bastian, James j.
Becker, Montgomery Blair, jr.; David
Bornet, Lewis T. Breuninger, Walter
C. Clephane, Clark G. Diamond,
Clarence Dodge, H. Rozier Dulany,
jr.; Frederick A. Fenning, Albert w.
Howard, Reginald S. Huidekoper, j.
Wriley Jacobs, Wilson B. Nairn,
Brainard w. Parker, James Med.
Shea, L. Corrin Strong and William
B. Willard.
Mckee Heads Clearing House.
H. H. Mckee, president of the Ma
tional Capital Bank and Of the East
Washington Savings Bank, was re-
elected chairman of the Washington
Clearing House Association at the
annual meeting held late yesterday
He has held this Office since 1928.
Victor B. Deyber, chairman of the
board of the Second National Bank,
was reelected secretary for the
18th time, while Frank j. Stryker,
president of the Columbia National;
and C. F. Jacobsen, president of the
National Metropolitan, were also re-
elected. The other members of the
Clearing House Committee are:
Robert v. Fleming, president of
Riggs National, and Floyd E. Davis,
president of the Lincoln National.
George H. Bright was reappointed
manager and William N. Cradlin was
made assistant manager. Both are
connected with the Metropolitan
Bank.
Columbia Federal Officers.
Officers were reelected at the
Saith annual meeting of the Co.
lumbia Federal. Savings & Loan
Association: C. Gay Harrell, presi-
dent; Clarence E. Kefauver, execu-
tive vice president and secretary:
William E. Poulton, treasurer, and
Howard E. Thompson, assistant Sec
retary.
Directors, renamed, include the
above officers, w. Owen Hohenstein,
Albert o. Denham, George c. Went
eel and George B. Cowles. James
c. Wilkes is counsel.
Vice President Kefauver reported
the best year in the history of the
association, assets crossing the ST.
100000 mark for the first time, a
gain of sS48,769. Fifty-five per cent
of the years loans were for new
construction and Is per cent for the
purchase of new homes, he reported.
Jones Called to Army Service.
Robert c. Jones, head of the in
vestment firm of Robert c. Jones &
Co.. Shoreham Building, has been
ordered to active duty in the United
States Army. He has the rank of
lieutenant colonel. He was an officer
in the World War, was with the A.
E. F. and has been in the Reserve
Corps since 1919.
While he is away, three partners
will have charge of the office, Joseph
p. Kreeger, sales department; Edgar
B. Rouse, trading department. and
Oscar P. Hunt, accounting depart
ment.
Washington Gas Active.
Washington Gas Light common
stock was in lively demand on the
Washington Stock Exchange again
today, 1886 shares changing hands
at 1872, unchanged. There were
three 100-share sales. washington
Gas preferred figured in a 72-share
sale at 103.
CAPITAL Traction SIS appeared on
the board in two 81 900 transfers at
the strong price of 104A, same as
yesterdays close.
Peoples Drug Stores common was
out again today, a small lot moving
at 211b, unchanged from yesterdays
final sale.
One hundred shares Of Capital
Transit sold at 1917.