Evening star., 1942-12-15
Three Nearby Banks
To Continue YuIe
Savings Clubs
Smaller Institutions
In Maryland Give Up
Christmas Plan
BY EDWARD C. STONE.

Christmas Plan
BY EDWARD C. STONE.
Three of the larger banks in Mont
gomery and Prince Georges Coun-
ties, Md, will continue their Christ
mas savings clubs next, year, while
most Of the smaller institutions have
announced that they will not handle
Christmas savings In the future, 1t
was learned today.
The Suburban National Bank In
Silver Spring, which also has
branch Office in Takoma Park, and
the Prince Georges County Bank
& Trust Co. of Hyattsville, with a
branch in Mount Rainier, will con-
tinue their Christmas savings ac-
counts during 1943, with two changes.
Officials said the $25 class will be
eliminated and deposits taken semi
monthly instead Of weekly.
The Bank of Bethesda will main
tain its Christmas savings club on
the same basis as during 1912, off,
cials announced today. This and
the other banks are already OPEN
ing their clubs for 1943.
officials in these nearby banks
anticipate an influx of Washington
Christmas club depositors since
Capital banks are not planning to
operate clubs in 1943. During the
year now closing they had about
10000 club members.
In letters transmitting this years
checks, Capital bankers urged men,
bers to place as high percentage
of next years savings as possible
in War bonds. They dropped the
clubs largely because of the ex-
pense involved in their operation.
Bank Trust Work Stressed.
Changes in the business structure.
new laws affecting investments,
mounting taxes, imitation threats
and low return on invested funds
are increasing the worries of prop
erty owning men and women, and
challenging banking trust service
to greater efforts, Harold Stonier,
executive manager of the American
Bankers Association, told 80 mem
bers Of the flduciaries section Of
the District Bankers Association
last night at the Mayfower Hotel.
DR.. Stonier said these wartime
problems furnish trust officers with
an opportunity to provide the public
with needed service, at a price
the public can afford to pay, and
which will return a reasonable
profit to the banking institutions.
Addison E. Southard, former
American Consul General at Hong
Kong, also gave most interesting
talk. John A. Reilly, president of
the District Bankers Association;
Edwin C. Graham, president of the
Hamilton National Bank, and Ed
ward F. Colladay, counsel of the
Second National, were among the
special guests.
Metropolis IS Years Old.
Opening for business on Decem-
Der Is, 1866, the Metropolis Building
Association is rs years old today, the
association serving home owners in
all sections of the city. In the first
few years loans were handled only
on properties in Southeast Wash
ington.
The association Is member of the
Home Loan Bank, District Building
and Loan League and the United
States Savings and Loan League.
The past year was one of the best
on record, Secretary Rudolph w.
Santelmann said today, assets pass
ing the 100000 mark. new high.
The association has been especially
active in pushing War bond sales
during the year.
Oficers are Harry G. Wilson, pres
ident; John Scrivener, vice presi-
dent; Mr. Santelmann, secretary,
and Martin T. Wiegand, treasurer.
Directors: George M Siebert, Will
liam A. Simpson. Arthur Seagren,
Harry H. Wilson, Chalmers F. Croft,
Charming S. Walker, John W. Har.
dell and the officers.
Woman Given Personnel Post.
International Business Machines
Corp. today announced appointment
OF Miss Jane Haislip to supervise the
systems service personnel in the
Washington IBM branch Office and
! also all training work carried on in
that Office. She was previously an
instructor In the companys GUS
toner operator school in Washing.
ton and is Duke University grad.
uate.
Today's Trading on Exchange.
First sale in weeks, 100 shares Of
Peoples Drug Stores common moved
on the Washington Stock Exchange
today at l7A, ex-dividend, against
the last previous transfer at 1917.
The stock closed with II bid and
none offered. Washington Gas IS
preferred registered two sales at
1904. unchanged.
Carpet Corp. directors have de.
clared the regular quarterly divi-
dend OF SO cents per share, payable
December "a to stockholders of rec.
ord December Is.
Two Seaboard Dividends Voted.
| Directors of the Seaboard Finance
Corp. whose home Office is located
In the Southern Building, have de-
clared the regular quarterly diW.
dend of so cents per share on the
preferred stock and dividend of
10 cents per share on the common
stock. Both dividends are payable
December % to stockholders of rec.
ord December IS.
Merrill Lynch, Pierce, Fenner &
Beane has completed its third an
nual survey of the air transportation
industry. 1t Is by far the most
complete pamphlet Of the three and
covers the most important com.
panies separately, American Air
lines. Eastern, Penn-Central and
United being in the list.