Evening Star Newspaper, March 4, 1922, Page 16

' 16 AGAINST REDUCING | = PAPERMONEY SIZE Local Bank Heads Get Busy for Concerted Action Op- ! posing Move. Evidently believing in’the adage, a stitch in time saves nine” George W. White, president of the Metropoli- fan Natibnal Bank, got in touch with John B. Larner, president of the Dis- trict of Columbia Bankers’ Association, &nd H. H. McKee, head of the Washing- ton Clearing House Association, yes- terday to propose concerted action against the revival of the advocacy of reduction in the size of United States yaper money, which has been rumored in financlal circles for the past two weeks. It will be remembered that in 1910 # movement was under foot to reduce the size of United States paper money to two and five-eigiths inches by six and one-quarter inches. the size of the vaper money of the Philippines. The yroposal has been revived in the inter- est of economy in governmental ex- penditures, and it is understood that ihe Treasury favors this movement. provided the bankers of the country and the public generaly are not opposed to ft. Mr. Larner said last night that the administrative council of the Bank- ers’ Association will consider the matter at its meeting next week. He characterized the proposal as ‘% radis cal step at this time,” and intimated that the bankers of Washington ‘would oppose it. Mr. Whaite said that it was doubt- ful whether the amount to be saved in paper. ink, labor, etc., will begin 40 compensate for all the trauble and expense which banking institutions and others will be put to, if the size of the paper money is made smaller. With the present large reserves in the hands of the banks. the present size, it is said, will be in circulation for many years fo come. It is not un- common, it was further stressed, to find paper money in circulation bear- ing dates of 1862, 1863 and 1869. Treasury officials, however, it is un- derstood. are of the opinion that if a sufficient number of small-sized notes were prepared in advance an ex- change or the larger ones could be made quickly and thus avoid any inconvenience. To date 67 per cent of five-year 8§ per cent Columbia Graphophone Man- ufacturing Company notes have been deposited with the committee recently formed to protect the interests of the stockholders. Notes so far deposited under the agreement represent more than 1,000 holders widely scattered throughout the country, which indicates how thor- oughly these securities were distrib- uted. In addition to deposits, holders of a substantial amount of these notes have pledged deposit as soon as the matter can be taken up. It was recently announced that the time of deposit of the notes would be extended to March 10, 1 Deposit agreement provides that expense that may be charged against any depositor will not exceed 1 per cent of the prin- «cipal amount of his notes. Stock Exchange Banquet. Committees are diligently at on the annual dinner to be giv the Washington Stock Exchans: exact date to be announced late according to those in charge of ar- - rangements the 1922 banquet will surpass any like entertainment ever attempted by the exchange in the past. President Harding and a long list of dignitaries will, it is expected, attend. work n by Personal. Eugene E. Thompson, president of the Crane, Parris Company, is in New York city on a short business trip. Since. becoming affiliated with the Jocal Kiwanis Club, Victor B. Deyber. president of the Second National Bank, has taken much interest in all of the club’s programs for the better- ment of the District. Mr. Deyber is chairman of the public affairs com- mittee of the club. < W. W. Spaid of Hibbs & Co., and president of the Dupont National Bank. is_another well known figure in the financial district who is a Kiwanian. SNOW AND RAIN FACTORS IN DROP IN WHEAT PRICES CHICAGO. March 4.— Although wheat sored in price this week to within % of 150 a bushel, wide- spread snow and rain benefiting the winter domestic crop Las lowered the average levels of values. Com- pared with a week ago wheat this morning varies from 21§ decline to % advance, corn showed Xa¥% to i s2in; oats were up % to %a%. and pro- visions higher. 15 to 1.00. Fresh signs of European need of breadstuffs gave the impetus which nearly carried the wheat market up 10 1.50 here for the May delivery, but just when the long-sought goal seemed about to be passed, reports arrived telling of snowstorms in the southwest and causing the volume of sales to broaden out. July de- livery, representing the mnew 1 crop, was especially affected, for the snow as well as rain which followed means bevond question a better harvest outlook. FINANCIAL | Kresge (S8).. Open. a2k Adams Express Ajax Rubber. ... Allled Chemical. Allis Chalmers Am Agr Chem. Am Agr Chem pf.. 8% Am Beet Sugar... 404 Am Boech. .. 38% Am Brake Shoe L Am Ci e 41% . Am Car & Fdy. Am Chicle Co 10 Am Cotton Oil.... 2% Am Cotton Ofl pf.. 3% Am Druggists. 5% Am Express. Am Hide & Lthr. . Am Hide & Lthr pt Am Ice. Am Ship & Com Am Smelting ‘Am Sumatra...... Am Tel & Teleg. Am Tobacco. .. Am Tobacco (B). Am Wcolen... Am Writing Pr pf. Am Zinc & Lead. Ann Arbor. .. Ann Arbor pt Anacorda. . 2 1% 138% 13¢ A Atlantic Gulf Austin Nichol Austin Nichols pf. Baldwin Loco... Balto & Ohio.. Balto & Ohio pf. Barnesdall (B) Beth Steel. ... Beth Steel (B). Booth Fisheries. Bklyn Rapid Trn. Bklyn Rap Tr ctf Brown Shoe. .. Burns Bros (A). Burns Bros (B)... 3% Butte & Superior. 27 Butterick. 8 Caddo Oil California Pckg... T California Petrol. 52% Canadian Pacific. . 13 Cerro de Pasco Chandler Motor. Ches & Ohio. Chi & Estn IIl. Chi & Estn 11l pf.. 39% Chi Great Westn.. 7% 1% 2 36% 68 o© Chile Copper...... 1% Chino Copper. 26% Cluett Peabody. 54 Coca-Cola..... 45% Colo & Southern. “% Columbia Gas. 7% Columbia Graph Clmbia Graph pf.. 10 Comp Tabulator. 0% Cons Cigar 4% Cons Gas of 9 Cons Textile. 18% Cont Can.. 69 Corn Products. 108% Cosden & Co. 85% Crucible Steel. 6% Cuban-Am Sugar. 214 Cuba Cane Sugar. 10% Cuba Cane Su pf.. 31% Davidson Chem. .. 59 Del Lack & Wstn. 3% Dome Mines 4% Elec Stor Battery. 12% Endicott-Johnson. 82% Erie 10% Erle 1st pf. 1% Erie 2d pf. % Famous Players.. 8 Fisk Rubber. . Freeport Texas. Gen Asphait. Gen Electric Gen Motors Gen Mot 6% Goodrich. . Great Nor Ore. Guantanamo Su Gulf States Steel.. 76% Harbishaw Cabl 1% Hartman Corp. Hendee Mfg. ... 1% ..ouston O1l. . TH :iupp Motors. % Indian Refining... 7% nspiration. .. Interboro Metro. Inti Cement. .- Int Combstn Eng. 24 Intl Harvester. 0% Intl Mer Marin Intl Mer Marine pf 71 Intl Motor Truck. 2% Intl Nickel. . Intl Nickel pf. Intl Paper. (nvincible JonesTea. .. Kansas City Sou.. 25% Kansas & Gulf Co. 5% Kelly-5pring Tire. &% Kennecott. . .2 Keystone Tire 16% 134 Bullish estimates of farm stocks| Lackawanna Steel 6% of wheat faiied to stimulate buvers.( [aclede Gas. .- . 65! $30,000.000 but talk of a_ propo Joan from the United Stat, sian famine relicf shipments from Kansa. to Chicago. tended to depress nrices. Higher quotations on corn and outs were due largely to a falling off in the extent of arrivals of corn. The provision market went up with the cost of hogs. MUCH OF WEEK’S COTTON REPRESENTS LIQUIDATION NEW YORK, March 4.—+The advance of a little over 21: cents per pound from the low price of late January to the high point of February was fol- Jowed by more or less hesitation and jrregularity in the cotton market dur- jng the past week. Somewhat les: favorable reports from Manchester and reports that spot buyers were being supplied around preyailing prices in the south appeared to cre- ate rather a reactionary 'sentiment. At.any rate there was a good deal of realizing which showed a tendency to increase above the 18-cent level for May, while on declines from that yrice offerings became lighter and a . Jittle better demand developed. A good deal #f the trading has rep- resented liquidation of accounts in near months, and the transfer of in- lerests from near to later deliveriea. Notices representing about 39,500 bales were issued against March con- tracts, but sales of March were ab- rorbed at a premium of from 26 to 30 points over May, and the strength of 1he near position is supposed to have Yad a sustaining Influence on later deliveries. The less favorable reports from Marnchester were accompanied by re- actions in the Liverpool market and reemed to be based largely upon the increase in the Indian import duties on cotton cloths which, would tend to operate against an improvement in the demand for Lancashire goods from that quarter. Reports from the domestic goods markets have also been a little less encouraging in the opinion of local brokers, as the volume of business has been smaller than for the pre- vious week and some increase has been reported in Fall River mill cur- tailment. Reports that replanting would be sary in some south Texas sec- because of freezing weather, Jave been without much influence’on the market, but new crop deliveries were relatfvely steady late week. in the { Manati Sugar. Lee Tire & Rubber 28% Lehigh Valley.... 69 Lima Locomotive. 7% Loews Inc. 3% Lorillard. . Manhattan Elev.. 38 Market StLRY..... 7 Market St prior- Market St Ry pf MnnndPon - Martin-Parr: Maxwell (B) exican Pete. Miami Copper. Middle States Midvale Steel. Minn & StL (). Minn St P &SSM. MoK &TWI. MoK&T DI Wi... Mo Pacific. . Mo Pacific pf Montgomery Ward Mullins Body... atl Acme. ....... 134 2t Cloak & Suit. atl Enameling. . Natl Lead. .. . Natl Ryof M2d. Nevada Copper . New Or Tex & M N Y Central. NYChi&St N YN H & Hartfd. N Y Shipbuilding. N Y O & West .. Norfolk & Westrn. North Americaa. . North American pt Northern Pacific. . Ohio Fuel.... Oklahoma Prod... 2% Orpheum Circuit.. 15% Owens Bottle..... 21 Pac Gas & Elec. Pacific Oil. . B Pan-Amér Pete. .. Pan-Am Pete (B). Peopla's Cas. . ... Peoria & Eastern. Pere Marqu.tte Phila Company. Phillips Pete Plerce-Arrow. Pierce-Arrow pf. . Pitts Coal. Pitts Coal pf. Pitts & W Va. . Pond Creek Coal.. Producers & Ref.. 2% PublicServof NJ. 82% PullmanCo....... 16 YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office. WASHINGTO A DIVIDENDS. Btock of Pay- STATEMENT OF THB CONDITION Y | STATE 0¥ MpaNy, 17D., OF 01, ENGLAND, = OFFICE ROOMS SATURDAY; MARCH 4, 1992, Record. able. A - American Bxprees Co., q, $2.March 10 ADril” 1] On the 8ist day of December, 1921, as re- ; % . Ameri, ‘Becurl- under he_ District, of - Columibia 0 B Rl Open. High. Low. Close. | ATiTIER Bmeters Secwrly h1s Aprm 1 e O ane 30, 1903, 30d Au: F R 2 Punta Alegre..... 04 0% 3% 4% |American” Smelting - Securi- et 18, 1011, T4 1 1| Pureoll. 80 | s B, Wopt B AL Muren 13 a3 — i| International Building "““ fl& piid g‘.‘;‘c‘i'."zo:p;r 12‘0 " I:V' 1‘::“ "l'flxl;:'l oy O ot e 2 e en Ol (Qupealt .. poocooezone m‘mml FORMERLY INTERSTATE BLDG. - P :‘:!‘.'.fi"“.“':;“ L T TN mK u“ll"l:n‘nncw‘l‘l&- s k_”_"‘,‘“m'” 1 | 1319-1321 F St. N.W. ~ ngton % UM - Bte ds. lue). 1,074,100.00 . @4 3 | Reploie Biact . BT o 0 o | Fireisne Tely Moy 1 May 15| PrRmmER: wmesilectsd aud | A Few Very Desirable s 384 384 | RepIron & Steel.. 4% 40 8% 8% [Manati’ ugar Go. d P Intomet due sad ccrusd. Offices Left ; 89 9% 5% Rep Iron & Stl pf i U] SLTh . March 15 April 1} Aji other assets—Keinsurauce Reasonable Rents Alle A% 4% go{ll Dutch. . o March 81 April 15| ©°0 Pald, losses o non tL & San Fran... 8% ‘Hiect o 10 10 SfLasanFror. o et e, 25 Marens| Totsl asets McKeever & GOSS uis Southwn. 28% Rental Agents u% 2% 2%/ Seaboard Air Line, Awiel *Mai 8% 68% B3% snbonrdAx.wf L) A April 1 1405 Eye St. Main 4752 u:& “.m n::: §nrleehuck o e 6% e o ' It Seneca Coppe! 3 « Commisslony, broki % 1% B |Sinciairon 14 1% | BANANA CULTIVATION PLAN. |cecttardepiatt oot Established 1890 wh @ B | Slons-Shetioi ¥ = % | HONOLULU, Hawall, March d.—|40, Sther ienliicn e e 3 MONEY TO.LOAN $| S0 Porto du 8 8 B |California business men now in Ha- 7 $673.804.25 32 Bums of 3230 to $500.000 ks .. 8% 8% 8% MM o) are planning development of geistitswllitig; S Satoee Fiacas o Benerviag Southern Railw: 0% 20% Character of business transacted during the Your Ist or 2nd Trust Soi ay 2% % the Hawailan b industr; ado. ool T e O O Fevoral wentarn market With fresher | e e rert S0t AUr116,191,819.00| Comsure H . i of NJ...1m fruit than is npw supplied from tained (HARRY 89 00" - g:"“ OIINTpf. Jamalca and the West Indies and, at 1TLO8598| ek and N, ). . &% M| stromberg Carb. the same time, providing the two big o and N. Y. Ave. Main 4346 e tudebaker. .. Shipping Board liners .Aeolus and igi. 80281141 Lowest Rates Quick Replies % Submarine Boat. Huron with return cargoes when they 7 5 VREELAND, 21% 2% | Superior OIl. 3 begin to ply between Los Angeles and Man of December 81, 1921, —INSURANCE— 19% 119'% 119% | Tenn Copper..... 104 10% Honoluju. Subscribed warn to before me this nd 138% 136% 1%6'| TexasCompany... 4% 4% 4% 45% duy of yebrusty. OCTER F. ELMER, All Lines—Expert Service 134 12% 12%| Texas Guif Sulphu 45 . 45 = 4% &% IS GOOD. eal) A “wotsty Public. BOSS & PHELPS, % 514 8% | Texas & Pacine - six s s siu| CATTLE OUTLOOK IS GO | 1406 H i 2% 2% :h Texas & PC&OIl. 26% 2% 2% 2%| PORTLAND, Qre.,. March 4.—Cat-i STATEMENT QF THE CONDITION 406 H St. N.W. Main 4340 1 13 . Third. Avenue. tle and sheep have wintered well nmuggt %lv!, 2 N Tobaceo Prod. Trans Contl Oil. Underwood. . . tains. Usfion Bag & Papr 64% 64% 61% En;oflgil.m 1% 1% 1% 1% | pogt nion Pacific 1B1% 181% 181 181% | the su, 3 United Drug. 62 6% 6% 62% ot 41 M1 MO 10 10%4 104 10% 10 8% W% WK R H% uB a% W | USCastlIrPipe... 39% 29% 20 29% USCastIrP pf... 68% 62% &% 62% U 8 Food Prod. % 3% % USTIndus Alcohol. 4% M% Gk 4% 693 69% 68k 68% s i o s | Joseph USSmelt & Ref... 8% X% 3% 8% 4 feed and prospects are good for the range conditions until late Sheep and, wool are in active demand at rising prices. tle have not yet risen in price, Stock- men are looking® for & better year throughout 1922 than since 1917, Money to Loan Becured by first deed of trust on real estats | tiing interest and com! T Weller {2, ¥ David F. McConnaughey Wes! > Unlimited Funds 7 et Frust Zoase on thll't:: Real Estate throughput the reglon from the Cas- cade mountains to the Rocky moun- There is plenty of hay for Cat- 38 39 t1) k<) B 31% 81% | Vanadium Corp. 28 26 10% 10% | Va-Car Chem. o B m % T%|Va-CarChempf... 72 72 T = = 51% 61% | Vivadou. 8 8% B 8% 185% Wabash. ™% W ™ % 14 14 | Wabash pf'(A) 24 2 W% 2% Western Md. M N 9% I ‘Western Md 2d 17 1% 1 1 Western Pacific... 19% 19% 19% 19% Western Pacpf... 51 6 5% B6% Westhse E& M... G5% 65% 564 Bo% Wheeling & LE.. % 1% 1% 1% 88 58 | White Motor. E 1 ) 1% 1% | White Ol. . 9% 9 9k 17 11 | Wickwire Spencer 1% 1% W% 14 2% 2% | Willys-Overland.. 5% &% 6% 6% 6% 6% | WL D29 2% 29 29y &% 7% | Wisco 3% 8% 2.4 2y 1% %! HOURLY SALES OF sTOCKS. 2% 26 | 1am... 2420 12m.@....9 60 uou —— D. “h W P ws «w|Washington Stock Exchange 6% 6% % 2% SALES. 10 10 lll”;“lnl;. I‘ll";;{fl,bp‘_lol llom. 10 at 73, _10 8% 68% | 10 at T , at 73, 10 at 73, 20 at 73, AFTER CALL. lington Railway and Electric general 7. raction 5s—$1,000 at 95%, $1,000 FLXII "Il;!lflinng—"o at 95 20 at 95 % 85% Gl o at 983, 3 at 54, 10 at :v. 5834 | g;aPITAL Traction—31.000 at 9515, $1,500 at| 2% 2% | Washington 8% 10% 103 | $2.000 at 68%, 31 83% BONDS. f 2 ‘fix l?;i:l Bid and Asked Prices. Sl PUBLIC UTILITY. M2 142% | American Tel. and Telga. 4s. by “’555, & 82 | American Tel aud Telga. 4 0315 96 0% 0% | Am: ud Tel. ‘ctl. tr. 9615 " 28528283 L L EEr & Riggs Realty 5s (short) Washingtea Market s, ‘Washiogton Market W. M. Cold Storage os. 1947, [4:454 PUBLIC American Tel. and Te UTILITY. el Capital Traction 119% %9' com. Wash. Bwy. and Elec. pfd NATIONAL BANK. American Capital Columbla mmetce District . Farmers and” Mechanics’ Federal American_Security i Continental Trust | Union Trust ... } Washington Loan TIT Columbia _Title Real Estate Titl MISCELLANEOUS. Mergenthaler Linotype O "Duteh Market 0ld Dutch Market pf¢ |anllfin g{:fln""iew Eecur! . Waanington Markst Ex-diyide i TRADE REVIEW. . NEW YORK, Manch 4—Bradstreet’s revelw of trade says: “Developments of thc week in_trade and industry have been mainly fa- vorable, and this despite storms cover- ing wide areas with severe cold, snow and sleet, or heavy rains, which have operated to render country roads im- passable and restricted retail buying in all but a few weather-affccted lines to narrow proportions. Perhaps the most important feature has been the definite breaking of "’3 southwestern arought, this being accdmpanied, how~ IQ\'er. by & reaction in the bull move- ment in wheat after May delivery had Teached just short of $1.50. Other motable events have been a further slight gain in activity in wholesale and jobbing limes, the bulk of this confined to surplus grain and cattle growing districts: a further ex- pansion in iron d steel buying and production, railroad purchasing being the chief feature, with a fair amount of steadiness in crude forms, but further weakness in finished products; a continuance of the rise in foreign exchange rates into new high ground, the highest, in fact, since 1919, when the “peg” was withdrawn; fair strength despite reactions in the stock market and a strong and active bond t. mh‘;:ek!y bank clearings, $7,198,912,- Lo Uy MANITOBA TO REPAY LOAN. WINNIPEG, Man., March 4.—To re- fund money due in New York April 1, on an igsue floated five years ago, the ;u-mrlnchlf covernae&t" aou;nn for temders for a 3 12 issue, it is officially announced. ' Bids will be received up to March 8. Budd (established 1885). BIRD&CO. BROKERS Stocks Bonds Full Service 821 15th Street (Opposite Shoreham) Direct private wire to Ogden Co., New York Write for our letter on a particularly good stock. Accounts Carried on Margin Over a Quarter of a Century Without a Loss. As contrasted with new ventures and all the haz- ards that unavoidably at- tend them, our 7% First Mortgages have a proven record of safety and yield extending over a period of over twenty-nine years. For ‘safety-—s atisfaction— yield—invest in our 7% First Mortgages. B.F.SAUL CO. Mortgage Loans * 1412 Eye St. N.W. Main 2100 MR. INVESTOR: A _man with foresight will invest his hard-earned sav- ings wisely, with maximum of sofety, at the highest rate of interest obtainable. Phillips’ First Mortgage Notes fulfill all of 7% interest—100% safety. quirements. conditions. Shannon & Luchs First Trusts On Washington, D. C,, Real Estate i il Choice First Mortgage Investments $100 $250 Ask for Descriptive Booklet William S. Phillips First Mortgage Investments. 1409 New York Avenue An Investment —that frees you from worry as to safety, annoyance as to collec- ; tions of other details, and the ne- ceésity of follow-up of stock market or business PANY YORK K. On the 31st .day of December, uired under the District of &ide. amended June 30, 1902, and August 18, 1911. ASBETS. LIABILITIES. 9 % $3,051,568.91 e 1.025,502,628.00 477,219.17 57 4T 87 55 Total lisbllities .. oo ess transacted during the oA o esiient and Bealth asur- ance. Amount of risk sssumed ‘ing_the year 1031 Losses sustsined year 1921 ... Money received during. year ,564,789,607.00 66,842,738.64 301,982,690.39 the New York Stock Exchange Washington Office COLORADO BUILDING Telephone Main 1603 FINANCIAL. the Lincoln National We will gladly make you a loan on approved collateral or endorsement whether you are a depositor here or Li:;::oln National Bank 7th & D Streets N.W. A Passport for Your Investment When an American citizen enters a foreign country, our Government arms him with an official document— .a passport—permitting him to pass or travel about in safety. Even if it were not obligatory you would not think of going into other lands without having Uncle Sam’s guarantee of protection in this form. And what prompts you to protect yourself against bodily harm or annoyance likewise must prompt you to protect your holdings. A First Mortgage Note is a pass- port for your savings and is a guarantee of safe travel for your investment. It is backed by improved real estate situated at the seat of the government itself. Our First Mortgage Notes should appeal to you be- cause they are safe, offer a liberal return and are at par every day in the year. Swartzell, Rheem & Hensey Co. 727 15th Street N.W. Washington, D. C. The Natsow's Home Town 52 Years Without Loss to an Investor 171,911,360.53 | = DWALRD. i ‘Becond Vice President. JAS. 8. ROBERTS, Secretary. | and sworn | | | Subscribed to before me this 26th any of Fedruary, 1022. L) Nota Blod k. . 3 . New York e Cert. fiied 1n fes No. 2 5 Kii o e N e Co. Tegister No. Z210; Money to Loan —On District of Columbia real estate. At prevailing rate of imterest. i Prompt Service No Waiting | Stone & Fairfax | JOEN T. MEANY, President H 1342 New York Avenue N.W. 1 Established 1699 & Real Estate Notes for Sale 1n amounts from $250 up to $1,000 or more. u ic, Westchester County. i Westchoater Co. Teghicr ‘Co. No. 766, C. BATES, Cert. Reference: Any Bank, Trust Co. or Title Co. in the District. WELCH _ oo i Consult Specialist | (HARRY 8.) | 15th and N. Y. Ave. Main 4346 |}/ I | EQUITABLE Co-Operative Building Association Organised 1879 . 424 YEAR COMPLETED Assets Surplus Systematic Saving maad 1% el Yo Subsecriptions for the 82d Issue of Stock Being Received Shares, $2.50 Per Month 4 Per Oent Interest EQUITABLE BUILDING 915 F St. N.W. JOHN JOY EDSON, President FRANK P. REESIDE, Secy. these re- ‘ $500 $1,000 * It’s Free. * in 98 E g Finance your plans throug in the Nation’s Capital : The Stability of the National Mortgage AND———— Investment Corporation —is based upon the best the National Capital affords in securities on improved income-producing real estate. The character and standing of its officers and directors guarantee integrity and the best business judgment that ability and experience attain, The audit upon which dividends have been paid shows earnings which accumulate a surplus much greater than the 8% per annum dividend requirement. You can participate, with the founders, in a great financial insti- tution which supplements the splendid general banking facilities .of Washington. Other business as well as that of the builders is bene- fited by the release of money tied up and dormant in second-trust notes. Institutions doing a general banking Qusiness will be benefited by a stimulation of business through building operations, which mul- tiply and give activity to bank accounts. i Safety of Investment Funds, With Full Earning Power MANAGEMENT: OFFICERS: H. ROZIER DULANY. . . . .President WM. D. WEST. . ... ... Treasurer L.E.BREUNINGER. . . Vice President L. KEMP DUVAL. . . ... .Secretary JAMES A. BAILEY, Director, Citizens Savings Bank THOMAS BONES, Investment Builder L. E. BREUNINGER, President, L. E. Breuninger & Sons, Contractors and Builders President, Citizens Savings Bank H Vice President, Park Sav- ings Bank C. S. TAYLOR BURKE, Burke & Herbert, Bankers, Alexandria, Va. g EL A. DRURY, Arms & Drury, Inc. Real Estate, Loans and In- surance. T. DUBOIS, " Ex-United States Senator President, Capital Service and Information Bureau H. ROZIER DULANY, Real Estate Agent and Op- erator L. KEMP DUVAL, Retired DIRECTORS: APPLETON P. CLARK, Jr., H. PRESCOTT GATLEY, Architect Attorney, Minor, Gatley & Rowland Director, National Savings & Trust Company FRANK J. HUGHES, President, Hughes Finance Corporation Hughes Brothers, Builders, Royal Oak, Mich. HARRY A. KITE, Real Estate Agent and Op- crator President, Washington Hotel Company Director, Equitable Life In- surance Company Director, Washington Mar ket Company Director, Citizens Savings Bank CLARENCE F. DONOHOE John F. Donohoe & Sons Real Estate, Insurance and Investments 7 Director, National Capital 'GEORGE E. WALKER, Bank Lumber Dealer Vice President, Park Sav- ings Bank Director, American National Bank WM. D. WEST, = President, Rudolph & West 0 ) Company, Hardware &, ; ON Builders Supplies PREFERRED Vice President Citizens Savings Bank Director, Park Savings STOCK Py Bank DETAILED INFORMATION GLADLY GIVEN | HUGHES FINANCE 1418 Eye St. N. W., Sansbury Building, Washington, D. C. . CORPORATION FiscalAgents [