Evening star., 1951-04-23


annual lunch
con meeting of
the association
at the National Mr. Jones.
Press Club May 10 include:
Joseph S. Baldwin. first vice pres
ident; Col. Louis ]. Grayson, sec
ond vice president.
Nominations for directors: Vic
tor Brandrupp, Opie Chancellor,
Thelma Davenport, Mary Forte.
Clyde M. Larmer and c.. Carney
Smith, of which three, will be
elected.
Bank Opening Planned.
The First National Bank of
Southern Maryland at Upper
Marlboro will celebrate the OPEN
ing of its new building from 4 to
8 pm. on Monday, April 80.
A large addition completed at
the back of the old building has
provided banking quarters in re-
cent months, while the old front
part was rebuilt. The new lobby,
with a marble floor and trimmings
and paneling of light wood, will
be one of the most attractive in
the area.
At the opening there will be re-
freshmentS and music and several
savings bonds will be given away
as door prizes. Ladies will re-
ceive flowers. Officers and en-
ployes will be busy moving into
the new quarters next weekend.
The bank had assets of $105 ,034
when it started as a national bank
in 1908. They arose above $13I
million in the last year. M. Hamp-
ton Magruder is president and
board chairman; Henry L. Morris,
vice president, and L. H. Mating
ly, cashier.
Offsets Drop in Deposits.
A rise in Government deposits
helped to Offset a decline in other
deposits at the Riggs National
Bank between the close of 1850
and April 9, date of the latest bank
call, the banks statement showed
Government deposits, including
postal savings, totaled $13,823, ,622
on April 8, rise of $6,395,575
since December 80, while demand
deposits of individuals, partner
ships and corporations totaled
$217,975,858 a drop of $7,915,608
and time deposits in the same cate
CORY totaled $35 $685. 1872, a decline
of $828,053.
Deposits of banks totaled $33,-
642,107, drop of $8,321, ,424 while
other deposits of $10,738,302 were
down $3,119,692. Total deposits of
$312,292. .774 were down $13,811, ,327.
Loans and discounts of Wash
ington's largest financial institu-
ton totaled $84,967 1859 on April
9. gain of Sc, 900, 1882, while $144,-
099,343 of Government obligations
were down $1f.170,623. Assets OF
$334,S29,521 were $11 .551 ,101 lower. L.
Congratulations Hugh Darling.
Hugh Darling of Riggs National
Bank was receiving congratula-
tions today from fellow members
of Washington Chapter. American
Institute of Banking, for win
ming the institutes regional pub
lie speaking contest at Atlantic
City, N. j., Saturday night,
He was the chapters first
regional winner since Stephen o.
Porter, also of Riggs. won the
regional eight years ago. Mr..
Darling will compete in the ma
tional contest at the national
ALB convention in Pittsburgh in
June.
Capital Airlines Directors.
Otto A. Seyferth, president OF
the United States Chamber OF
Commerce, was elected a director
of Capital Airlines at the recent
annual meeting. Robert j. Will
son, Capitals vice president for
personnel and properties, also was
added to the board.
All six members of the Wash
ington Office of the Friden Cal
culating Machine Co. have won an
all-expenSe trip to the company's
first international sales convention
at San Leandro, Calf, April 30
to May S.
In addition to Manager Waverly
w. Dickson, they include Garland
H. Nelson, Theodore A. Peck, Clin-
ton S Thomas, John T. Elder, jr.,
and Christopher Smith.
Charles H. Whitbeck of WASH
ington has been named Govern
ment service manager for Ciba
Pharmaceutical Products, Inc. He
has represented Ciba here for
many years and is past president
of the Citizens Association of Ia
koma Park. D. c.. He attended
George Washington University
and is a registered pharmacist.
Lewis Saltz of Washington has
been elected president of the Mems
Apnorol Forum