Evening star. [volume] (Washington, D.C.) 1854-1972, 1943-02-23

The b r a n h,
started when the Charles X. West.
Security Savings took over the Gen.
trail Savings Bank, had been lo-
Gated at 1918 K street since May,
1928, Mr. West being made man
ager on November l, 1929. a mem.
orable year in the banking business
and still more so in brokerage cir
cles. The branch has expanded
steadily since that time until it
now transacts about 40 per cent of
the banks total volume OF busi-
ness.
The new Office is modern in every
way To meet wartime demands
the equipment was installed with
the use of as little new material
as possible. The vault was taken
apart, moved and reassembled, with
no new material being required. The
lobby space is most conveniently
arranged, many patrons compli-
menting the officials today on the
new Office.
The banks present official staff
is composed of Francis G. Addison,
jr., president; Julius I. Peyser.
chairman Of the board; Fred Nc
Kee, vice president; j. M Rountree,
vice president and cashier; ]. Han
son Beall, John O. Lehman. Jo-
seph L. Shipley and Charles K.
West, assistant cashiers.
The Board of Directors includes
Mr.. Addison, Dion S. Birney, Sam
uel S. Blick, James A. Councillor, Dill
Ter F.. Croft, Rudolph T. Harrell, Ed
win jacobson, George E. Judd, Fen
ton F. Leith, Fred Mckee, r. Carl
Mitchell, Benjamin Ourisman, Col.
julius I. Peyser, Stacy M. Reed,
william w. Spalding and Judge
Milton Strasburger.
The banks deposits on December
81 totaled s13,77l ,820.95.
Insurance OFF So Per Cent.
New life insurance written In
Washington in January totaled
81, 100000, a drop of SO per cent
from January year ago, the Life
Insurance Research Bureau at Hart
ford reported today. The average
drop for the whole, United States
was 50 per cent, the report stated.
Maryland sales totaled S7,528 600,
decline of 40 per cent from Jam
uary, 1912, while sales in Virginia
amounted to $685. ,0o0., a decrease
of 81 per cent from q year ago.
West Virginia sales .totaled 3,4o1,-
600, off SIS per cent. 1tr -
Washington agents today laid the
tremendous monthly drop to two
factors. January, 1912, was an extra
heavy month because of rate adj
justments, which caused lively
rush for new insurance at that
time. The other reason was the
great decrease in the number OF
active agents, the war having drawn
heavily from every office.
Today's report added that life In
surance in force in the United States
increased s2,15S, 100000 in 1912 to
s72, sos ZOO, 900.
Real Estate Bonds Uneven.
National Press Building ass
gained three full points and the 4fzs
two points during January, while
Mayfower Hotel SIS moved up one
point, according to the monthly
summary by Amott-Baker which
covers 200 real estate issues. WASH
ington Properties Is, selling around
10, dropped four points during the
month.
Price averages of the 200 bonds in
creased "a per cent during the
, month to an average price of 1888
for a $1,000 bond. This was the
seventh month in which prices have
advanced, the bonds now being at
the highest levels since 1896.
January results were outstanding
because every classification scored
an advance. Hotel and apartment
hotel issues were again the leaders,
with office building issues in third
place. the report said.
Three Bankers Improving.
Eliot H. Thomson of the WASH
ington Loan & Trust Co., who has
been confined to Garfield Hospital
with broken leg for the past 10
weeks, returned to his home Satur-
day. He is becoming an expert In
the use of crutches. ..
William D. Hoover, chairman Of
the board of the National Savings Sc
Trust Co, who has been at GARFIELD
Hospital for about month, con-
tinues to improve.
In the next room to Mr.. Hoover is
H. H. Mckee, president of the Ma
tlonal Capital Bank, the East Wash.
ington Savings Bank, and chairman,
of the Washington Clearing House.
He is in the hospital for general
check-up.
Exchange Prices Strong.
Prices were strong on the WASH
lngton Stock Exchange today, with
the opening sale in Mergenthaler
Linotype Co. stock at 40a. un-
changed. Capital Traction moved at
81 10 and Washington Gas Light
$3.50 preferred at 90. Railway &
Electric Is appeared on the board
for the first time in 1913. two $1,000
transfers registering 100.
The Federal Reserve Board of
Governors, with personnel of 429
people, is participating 100 per cent
IN the purchase of War savings
bonds, with total of nearly IL per
cent of gross pay, according to the
Interdepartmental War Savings
Bond Committee.
The Capital Transit Co. expects
IS more streamline streetcars by
summer. They cost $19,500 each.
When they arrive, the company will
have 384 of these cars, costing more
than $1,000 900.
Officers and trustees of the Ma
tlonal Association of Mutual Saw
ings Banks will meet May s and Z
In New York. The meeting will be
devoted to further aid in Govern