Evening star. [volume] (Washington, D.C.) 1854-1972, 1943-01-27
Banks Hire Women
To Fill Most of
Vacancies Here
Changes in Personnel
Of Three Institutions
Regarded as Typical
BY EDWARD c. STONE.


Washington banks to fill by far
! the greater number of ell vacancies
PROBABLY as high as 90 per cent,
officials said today. The war has
drawn $50 men from these inSti-
tutions and many more have en-
tered other fields of employ. Great
ing the most difficult personnel
problem ever faced by Capital
banks.
A survey of personnel changes
in three banks is typical of all. On
January |, 194l, Riggs National had
345 employees, about 80 of whom
were women. On December 81, 1912.
employees had increased to 397, of
whom 20l were men and 1877 wom-
en-, or an increase in the two years
of about lis women.
The American Security & Trust
Co reports that 86 men have en-
tered the service and many more
engaged in other employment. At
present 1877 women and l41 men
are employed. representing an in
crease of more than 100 women in
two years.
Hamilton National employment
increased 6 per cent during the
last year, from l64 to TIA. The
number of women employed in
creased so per cent, from So to Is,
officers stated.
The survey showed the same con-
ditlon prevailing in other banks.
with officials predicting that the
trend toward more and more Wom-
en- on bank rosters certain to con-
tinue for a long time, at least until
after the war.
Estate Values Reveal Gains.
In his recent annual report, Har-
ry G.. Meem, president of the WASH
lngton Loan q Trust Co. stated
that earnings Of the trust depart
ment were the highest for any wear
IN the history of the company and
the value of estates in process of
administration during the year was
substantially in excess of those
settled in any previous year.
Records indicate that people of
moderate, as well as those of larger
means, are rearranging the dis
trlbutlon of their estates by will. to
provide for ever increasing death
taxes, which have become of the
utmost importance in the admin
lstratlon of estates, Mr.. Meem
added.
Mr.. Meem reported that the
banking department had a year of
greatly increased activity, caused
IN large measure by the increase
OF Federal employees in Washing
ton.
Resources Reach New Peak.
Combined resources of Washing
ton building and loan associations
passed the Sl8000O,000 mark Deem
Der 81, Secretary F. Wilson Camp
told the members of the District
Building and Loan League at the
January meeting yesterday at the
Raleigh Hotel. A gain of s8,44O,-
1872 was registered during the wear
There was lessening in the de-
mand for mortgage loans. although
total real estate loans outstanding
were s3,570526 above the total
year ago. Mr.. Camp reported
gain of 100000 in new accounts
opened during 1912. Reserves in
creased from $l3,826 263 to SIS
771,22O.
Final figures were announced on
War bond subscriptions on Ben
jamin Franklin day" with 10 of the
associations buying more than
Sl,000000 worth of Government
securities for their own portfolios
on January Is.
Ration Banking Starts.
Ration coupon banking in Wash
lngton banks got under way today,
the new service for the Office of
Price Administration starting off
very smoothly and quietly, according
to John A. Reilly, president of the
District Bankers Association. All
banks are rendering this service in
which ration coupons and stamps
are deposited instead of money.
Bank Club Names Officers.
Paul Donovan has been elected
president of the Hamilton National
Bank Club William Reicke. first
vice president; Irene Burrell, second
vice president; Ruth Bryant, secre-
tary and Irene Everdale, treasurer
Members of the Executive Com
mittee include Donald McGeary.
Earl McGeary. Alice Blankenship
William Ashdown. Karl Dampier,
Gladys Gardner, Jack Grady. Twila
Kile, Katheryn Bowers and Samuel
w. Fry, jr.
Insurance Leader to Speak.
David A. North, president of the
National Association of Insurance
Agents, will address the Insurers
Association of the District at a
luncheon Friday at the HARRINGTON
Hotel, Secretary R. r Walsh an
nounced today. Sidney o. Smith, a
past national president, will be pres
ent.
The safe deposit section of the
District Bankers Association will
| meet Friday evening in the Ameri-
can Security Building, Chairman
| Charles c. Boswell announced TODAY.
George M. Emmerich, president of
the Northern Liberty Building As
ISOLATION, is i'll at his home
Washington Gas IS preferred again
sold eX-dividend on the Washing
ton Stock Exchange today at e8a..
washington Gas common moved eX-
| dividend at II.