Evening star. [volume], October 11, 1939, Page A-15, Image 15

About Evening star. [volume] (Washington, D.C.) 1854-1972

Image provided by: Library of Congress, Washington, DC

                
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FIRST
TRUST
MONEY
to buy. build or refinance your real
estate Investments.
Interest Rates
4'/2%-5%
3 to 5 Year Straight Loans
Long Term Amortised Loana
As low as ffl.80 per thousand
until paid.
e
Applications from nearby Maryland
and Virginia also solicited.
Consult Vs
We have saved money for others
in solving their mortgage problems.
, E. Quincy Smith, Inc.
Arthur C. Houghton, President
Mortgage Loan Correspondent -
THE PENN MUTUAL LIFE
INSURANCE CO. „
j 909 15th St. N.W. Dl. 9057
■——aBma,. « .saa
sumniiiimmimmiiiiiiiiiiiiiimiiimiiimmiiiiiiiiiiir
Holders of
"Shore Accounts"
in t h e INTERSTATE
BUILDING ASSOCIA
TION are enthusiastic
over the saving habit
| which their "Share Ac
I count" has formed.
And a feature is the
sharing of the earned
- dividends of the Associa
| tion—distributed semi
| annually. Thus a "Share
| Account" grows — and
§ earns as it grows..
I Amounts up to $5,000
1 are insured,
s
= Under U. S. Government
£ Supervision.
I
s
1 Interstate
1 Building
| Association
I Washington Building
| 15th end N. Y. Are. Dl. 9486
s
aHiiiiiiiiiiiiiiiHiiiiminiiimiiHiniHmiiiiiiiHmiHiiif
Retailers Urged
To Fight Contracts
Aiding Price Rises
Attempt Is Launched
To Permit boosts After
Order Is Placed
By the Associated Press.
NEW YORK. Oct. 11. —Re
tail trade sources said yesterday
some manufacturers, notably in the
men's clothing field, had attempt
ed to start a practice of "blank
check" contracts, whfch would per
mit increases of prices after the
order had been placed and ac
cepted.
Prank M. Mayfield of St. Louis,
chairman of the Emergency Com
mittee of the National Retail Dry
Goods Association, urged retailers
to “resist strenuously” any such
efforts on the part of the manufac
turers, in order to protect the buy
ing public from unjustified price in
creases and to prevent a “vicious
upward spiralling of prices.
Stamp Allows Raise.
The practice complained of, it
was said, consisted of sending back
order acceptances with a super
imposed stamp to the effect that
prices could be increased should
Ipiuuucuun costs increase.
Other rail sources said retailers as
a group had "suffered badly in N. R.
A. days" from similar practices.
Mr. Mayfield said: “This sort of
| buying is contrary to the effort to
I hold prices down in the interest not
| only of the consumer, but of business
| as well.
j “Every manufacturer has the un
} questioned right to quote prices
| which he thinks are justified and
I retailers have the same right to buy
| or decline to buy if they believe such
: quotations are unreasonably high.
Held Against General Interest.
§ “Once a price has been quoted,
[ however, and an order has been
| placed, it is up to the manufacturer
| to deliver in accordance with the
[ terms of interest which he has ac
I cepted. To reserve the right to
I change some of the terms of that
I contract in accordance with his later
j experience, is, I believe, against the
| general interest. * * •
S “The active principle which oper
: afees to keep prices under control is
| the fact that, having committed
| himself to the performance of a
: contract at a stipulated price, the
: business man knows that he must go
j through with such contract and
[ consequently all effort is directed to
| the matter of keeping costs within
j the contract price.”
[ Contract for 8 Ships
| Let by Commission
: By the Associated Press.
| The Maritime Commission today
| awarded a contract to the Federal
| Shipbuilding & Dry Dock Co.. Kear
| ney, N. J., for the construction of
{ eight cargo vessels oi the C-2 de
| sign at a price of $2,054,000 each.
| All told the commission has
: awarded contracts for the construc
= tion of 137 ships of various designs.
| The C-2 vessels are 459 feet over
: all and have a speed of 15 knots.
Intervention Curb
In Radio Cases
Upheld by F. C. C.
Boomerang Effect of
Action Will Cut Down
On Legal Complicity
By WILLIAM J. WHEATLEY.
Limitations placed on those seek
ing to Intervene in radio broadcast
station cases in an opinion handed
down last week by Commissioner
George Henry Payne were upheld
today in a unanimous decision of
the Federal Communications Com
mission.
The original action of Commis
sioner Payne, which did away with
a procedure of long standing in the
commission, led to a number of pe
titions asking the F. C. C. to over
rule the decision, after granting the
petitioners oral arguments. The
commission, however, acted with
out giving the attorneys an op
portunity to argue their petitions.
As a result, it is probable that at
torneys for the petitioners will take
the cases to the Court of Appeals.
An examination of the whole case
by the full commission disclosed
that it apparently was a boomer
ang, thrown out by those practicing
before the body, which had re
turned with a heavy blow, threat
ening, as it does, to cut down con
siderably the legal appearances be
fore the commission.
However, while ruling that Com
missioner Payne had correctly inter
preted the rule, it has been decided
to re-examine the new rule with a
committee from the Federal Com
munications Bar Association. This
group, it was said, not only had ap
proved the rule in draft form when
it was submitted to it for considera
tion prior to adoption, but actually
had proposed the rule against which
certain members of the association
now are complaining.
Seven other petitions to intervene
in as many cases, it was said, also
were overruled at the same time epd
the commission’s decision today af
fected these same cases. The new
regulation, it was explained, is a
move to cut down on the number of
stations which seek to oppose ap
plicants for new stations as well as
for increased facilities. The new
rule merely requires that those who
seek to intervene in such cases must
set out in their petitions full state
ments of claims on which they base
their applications.
The underlying purpose of the
commission in adopting its new
regulation on intervention, it was
asserted, was to correct the practice
which had become prevalent under
the prior rule of the commission.
Under this former rule the commis
sion permitted any person to inter
vene in a hearing if his petition dis
closed a substantial interest in the
subject matter.
This standard was held to have
been so broad and the commission's
practice under it so loose that inter
ventlon in commission hearing
came to be almost a matter lyini
in the discretion of persons seekini
to become parties to commissioi
proceedings.
Chicago Livestock
CHICAGO. Oct. il dpi.—Hat prices ad
vanced stain today, topping at $7.26. witl
one load selling st $7.30. Trade on me
dlumwelght and heavy steers was trail
slow, but fat limbs were strong to l
cents higher.
Hog receipts In the open market totsle
8.000 and bis packers received 8.000 direct
The market was up as much as 25 cer.u
with most prices 15 to 20 cents highei
Best light pork loins in the wholettl
dressed market advanced a cent to li
cents a nound
Choice to prime 1.480-pound steer
topped at $10 76, with a few loads sellin
from *10 to $10.50. Light yearlings wer
active.
Pat native lambs sold up to $9.75, bull
bringing from $9.25 to $9.50.
i United States Department of Agri
culture).—Salable hogs. 8.000; total
14.000: active; 10-25 higher than Tues
day’s average; mostly 16-20 up; practics
top. 7.25; one load 7.30: bulk good an
■ choice, 200-300 pounds. 7.00-25: 300-360
, pounds. 8.76-7.10; well finished. 160-200
1 pounds. 6.60-7.15: food 270-360-pound
> pecking sows generally 6.50-80; 380-460
’ pound kinds. 6.25-60.
' Salable cattle. 0.600; salable calves.
, 1.000: mother very draggy trade on me
1 dlmnwelght and weighty steers; supply
excessive: bulk scaling 1.150 to 1.500
pounds: ble weights In very narrow de
mand. unless strictly choice: choice to
firlme. 1.480-pound average. 10.76; few
oeds 10.00-50. but bulk without bids;
light yearlings active, firm to shade higher.
. especially on kinds scaling 1.000 pounds
. downward; best yearling steers. 11.15:
I mixed offerings. 11.10: heifers, 10.75: ccm
. mon und medium trades light cattle
> wanted, but medium to good heavies ex
tremely dull, around 8.75-0.25; cows stead"
1 —.j -a a. ■ - I
!
J
l
i
to strong: sausage bulls strong, but heavi
lat bulls weak to 28 lower at 7.00 down
heavy sausage bulls up to 7.38. however
testers scarce and steady at 11.00-12.»o
light stockers and stock calves steady
heavy feeders dull.
Salable sheen. 4.000: total. 4.800: lati
Tuesday all classes steady: best natives
9.08: sorted. 76 and 80 pound rangers
9.66; others. 9.28-60: today's trade fa
?—'1 uwi ——————
lambs strom to 10 hither: tat sheep and
feeding lambs scares, steady: fat natlvs >
lambs. 9.T6; bulk. 9 26-50: throvoufg. ?
largely 0.50-7.50: medium to good fat
Texas yearlings. 7.50 and 7.75: small lot.
fat native ewes. 3.26-75: no feeding lambs .
in fresh supply. »
First Mortgage Loans
District of Columbia, Nearby Maryland and Virginia
Homes Business
Apartments ' Properties
Terms from 3 to 15 years
Also
* Monthly Payment Loans
Randall H. Hagner & Company
| | INCORPORATED
Mortgage Loan Corn—tondwt
Sfyt ^nivrance Company*
1321 Connecticut Ave. N.W. Telephone DEcatur 3600
mmmm ■ mmm mm m ..
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m v .' •>>. ' a- ?. 4k*
*» ' ' • ■•.• " ••'•' . :':' • • •
;:>5; * 'J' y. *4'. ^ys'<
. ■ — ...Mi...
:._ f
ON IMPROVED
D. C. PROPERTY
.•:• '$
:•:/. \ .. '••
For buying, rebuilding or refinancing at
prevailing rates of interest.
* I Loans repayable monthly. '
No charge for appraisal if loan is not made.
Interest charged only on unpaid balance of
: .• principal.
'■ t ■
|' .. ;
Equitable Co-operative
Building Association
j 915 F ST. N.W. ORGANIZED 1879
PREVAILING TO BUY, BUILD
fVTFRKT OB REFINANCE
tiniLitLO I L#wer Costj_No Rencwo(l
Prompt Action—No Red Tape
Smoll Monthly Payments
i ....^ Liberal Repayment Privileges
Taxes and Insurance May Be Paid Monthly
Accounts Interest Computed on Monthly Balance of Loon
Federally Poss Books Show New Loan Balance After Each
Insured Payment
COLUMBIA
BUILDING ASSOCIATION
716 11th St. N.W. NA. 6543
. ' ————>—
✓
b l
Reserve District No. 5.
REPORT OF CONDITION OP
THE CITY BANK
Of Washington, in the District of Columbia,
at the close of business on October 2, 1939.
Published in response to call made by
Comptroller of the Currency, under Section
'5211. U. 8. Revised Statute*.
ASSETS
1. Loans and discounts
(including *451.55 over- ___
drafts) *6.665.493.60
2. United States Govern
ment obligations, direct
and guaranteed 794 000.00
3. Obligations of Btates
ami political subdivi
sions 9.000.00
4. Other bonds, notes and
debentures 510.100.00
6. Cash. balances with
other banks, including
reserve balance. and
cash items In orocess
of collection 2.924.108.37
7. Bank premises owned.
*155.00000 furniture
and fixtures. *32.- _ __
742.59 187.742.59
<11. Other assets _ _ 15.833.73
12. Total assets *11.106.278.29
LIABILITIES.
13. Demand deposits of in
dividuals. partnerships
and corporations *4.212.499.9,
14. Time deposits of indi
viduals. partnerships
and corporations 5 698.602.13
18. Other deposits (certi
fied and cashier's checks.
etc.) 58.069.21
19. Total de
posits #9.967.1(1.31
23. Other liabilities ~ 196.322 24
24. Total liabilities *10.163.493j>5
CAPITAL ACCOUNT8.
25. Capita! stock:
<ai Capita; debenture.
*225.000.00 (Rate
of interest paid on
deben’ure is 3').)
(c) Common *)ock
total oar. #250.
oOO DO *475.000.00
, 26. Surplus 250.000.00
27. Undivided profits 117 609 .4
28. Reserves land retire
ment account for deben- _ „
ture) 100,1(5.00
29 Total capital ac- ____
counts *942. (84. (4
30. Total liabilities and
capital accounts *11.106.2 (8 29
MEMORANDA.
31. Pledged assets (and se
curities loaned) (book
value):
(c) Assets pledged to
qualify for exercise
of fiduciary or cor
porate powers, and
lor purposes other
than to secure lia- __
blllties _ #1.000.00
(e) Total #1 000.00
District of Columbia, as.:
I. M H BUCKINGHAM, cashier of the
above-named bank, do solemnly swear that
the above statement is true to the best
of my knowledge and belief.
M. H BUCKINGHAM. Cashier
Sworn to and subscribed before me this
9th day of Octoher. 1939
(Seal.) JOHN F. GUTHRIDGE.
Notary Public.
Correct—Attest:
C F BURTON.
FRANK W LEE. -
1 F. H. COX.
Directors.
Charter No. 4107. Reserve District No. 8.
REPORT OP CONDITION OP THE
National Capital Bank
Of Washington, in the District of Columbia,
at the cloae of business on October 2. 1939.
published in response to call made bv
Comptroller of the Currency, under Section
6211, U. 8. Revised Statutes.
ASSETS.
1. Loans and discounts »
(including *124.28 over
drafts! __ *494.740.99
2. United States Govern
ment obligations, direct
and guaranteed 864.337.17
4. Other bonds, notes and
debentures 249/849.76
6. Corporate stocks, includ
ing stork of Pedersl Re
serve bank_ 10.800.00
6. Cash, balances with other
banks, including reserves
balance, and cash items
In process of collection 1.141.476.74
7. Bank premises owned.
$46,600; furniture and
fixtures. *4.000 49.500.00
12. Total assets _ *2.800.704.66
LIABILITIES.
13. Demand deposits of indi
viduals. partnerships, and
corporations *2083,391 93
17. Deposits of banks 306.646.97
18. Other deposits (certified
and cashier's checks.
etc. i 10.698.90
19. Total
deposits *2.399.635.80
23. Other liabilities_ 4.20
24. Total liabilities *2,399.640.0(1
CAPITAL ACCOUNTS.
25. Capital stock:
(c) Common stock
total oar. *100; *200.000.00
26. Surplus 160,000.00
27. Undivided profits 41.064.65
29. Total capital accounts *401 064.85
30. Total nubilities wnd ~
capital accounts_*2.800.704.65
MEMORANDA.
31. Pledged assets (and se
curities. loaned) ibook
value):
(c) Assets pledged to
duality for exercise of
fiduciary or corpo
rate powers and for
purposes other than
to secure liabilities-- #1,000.00
te) Total *1.000.00
District of Columbia, ss:
I. H. C. STEWART, cashier of the above
named bank, do solemnly swear that the
above statement ts true to the beat of my
knowledge and belief.
H. C. STEWART. Cashier.
Sworn to and sub#ribed before me thla
6th day of October. 1939
(Seal.) S. WILSON EARN8HAW.
Notary Public.
Correct—Attest:
H. H MCKEE.
CHARLES A CARRY.
A R WALKER.
JOHN B. EARNSHAW,
WILLIAM A. SIMPSON.
Directors.
Reserve District No. 5.
REPORT OF CONDITION OF
The Washington Loan & Trust Co.
Of Washington, in the District of Columbia, at the close of business on
October 2, 1939.
Published in response to call made by Comptroller of the Currency, under
Section 5211, U. S. Revised Statutes.
ASSETS.
1. Loans and discounts (including $830.48 overdrafts)- $8,541,416.34
2. United States Government obligations, direct and guaran
teed _ 7,921,514.42
3. Obligations of States and political subdivisions- 111,357.36
4. Other bonds, notes, and debentures - ..... 1,084,029.31
5. Corporate stocks, including stock of Federal Reserve Bank 142,972.88
6. Cash, balances with other banks, including reserve balance,
and cash items in process of collection .. 7,263,152.66
7. Bank premises owned, $1,792,060.84; furniture and fix
tures, $54,673.94 - - -- 1,846,734.78 i
8. Real estate owned other than bank premises_ 479,319.94 1
11. Other assets _______.... 55 981.67
12. Total Assets....—.-.... $27,446,479.36
... j
LIABILITIES.
13. Demand deposits of individuals, partnerships, and corpora
tions _ . - -- $13,439,912.29
14. Time deposits of individuals, partnerships, and (fcrporations 9,742,401.38
17. Deposits of banks ... . 424,846.02
18. Other deposits (certified and cashier's checks, etc.) . 108,227.49
19. Total Deposits... $23,715,387.18
23. Other liabilities___ 134,189.84
24. Total Liabilities.....$23,849,577,02
CAPITAL ACCOUNTS.
25. Capital stock:
(c) Common stock, total par, $1,000,000.00_ $1,000,000.00
26. Surplus . . ___ 2.000,000.00
27. Undivided profits.... 492,524.04
28. Reserves ........ 104,378.30
29. Total Capital Accounts...;_ $3,596,902.34
Total Liabilities and Capital Accounts_ $27,446,479.36
MEMORANDA.
31. Pledged assets (book value):
(a) United States Government obligations, direct and
guaranteed, pledged to secure deposits and other
liabilities __ _ $1,159,628.75
(c) Assets pledged to qualify for exercise of fiduciary or
corporate powers, and for purposes other than to
secure liabilities......„. 251,833.32
TVital *1 111 IfiOAV
32. Secured liabilities:
(a) Deposits secured by pledged assets pursuant to re
quirements of law._______.. $1,348,760.82
<d) Total ........ $1,348,760.82
Washington, D. C., ss:
I, OEO. M. FISHER, Vice President and Treasurer of the above-named
bank, do solemnly swear that the above statement is true to the best of my
knowledge and belief.
OEO. M. FISHER,
Vice President and Treasurer.
Sworn to and subscribed before me this 10th day of October, 1939.
(Seal.) ARTHUR C. HARMAN,
Correct—Attest:
' HARRY O. MEEM,
ARTHUR PETER,
ALFRED H. LAWSON,
WM. H. BADEN,
WALTER S. PRATT, Jr.,
JOHN A. JOHNSTON,
CHARLES H. DOING,
THEODORE W. NOYES,
C. B. KEFERSTEIN,
L
Notary Public.
HIRAM BINGHAM,
FREDERICK M. BRADLEY,
MELVILLE B. GROSVENOR,
GEO. P. HOOVER,
THOS. H. WELSH,
S. H. KAUFFMANN,
DONALD WOODWARD,
W. E. PEARSON,
Dlndon.
I
Charter No. 4247. Reserve District no. d.
REPORT OF CONDITION OF THE
Lincoln National Bank
Of Washington, in the District of Columbia, at the close of business on
October 2, 1939.
Published in response to call made by Comptroller of the Currency, under
Section 8211, U. S. Revised Statutes.
ASSETS.
1. Loans and discounts (including $3,077.95 overdrafts) . $4,428,934.36
2. United States Government obligations, direct and guaran
teed . __ __ 1,971,922.44
3. Obligations of States and political subdivisions -- 180,726.98
4. Other bonds, notes, and debentures .....- ... - 1,192,416.55
5. Corporate stocks, including stock of Federal Reserve Bank 41,719.26
6. Cash, balances with other banks, including reserve balance,
and cash items in process of collection. -- 4,166,324.02 i
7. Bank premises owned, $331,070.53; furniture and fix
tures, $46,570.92. __ - . - - 377,641.45
8. Real estate owned other than bank premises ... . .. 237,531.96
10. Customers’ liability to this bank on acceptances outstanding. 6,220.00
11. Other assets_ 11,044.18
12. Total Assets. $12,614,481.20 j
LIABILITIES.
13. Demand deposits of Individuals, partnerships, and corpora
tions _ . _ ... _ . $5,898,083.57
14. Time deposits of individuals, partnerships, and corporations 4,042,822.76
16. Deposits of States and political subdivisions. ...... 4.097.16
17. Deposits of banks . 1,158,385.61
18. Other deposits (certified and cashier’s checks, etc.) 142,726.66
19. Total Deposits . ... $11,246,115.76
22. Acceptances executed by or for account of this bank and
outstanding ..r... 6,220.00
23. Other liabilities _ 15,000.00
24. Total Liabilities . $11,267,335.76
—
CAPITAL ACCOUNTS.
25. Capital stock:
(c) Common stock, total par, $400,000.00.... $400,000.00 .
26. 8urplus . .... 400,000.00
27. Undivided profits.______ 421,830.06 j
28. Reserves .. .. __ 125,315.38 ,
29. Total Capital Accounts_ $1,347,145.44
30. Total Liabilities and Capital Accounts_ $12,614,481.20
MEMORANDA.
31. Pledged assets (book value):
, (a) United States Government obligations, direct and
guaranteed, pledged to secure deposits and other
liabilities ... <\43,000.00
(b) Other assets pledged to secure deposits and other
liabilities . . 109,371.25 i
(c) Assets pledged to qualify for exercise of fiduciary
or corporate powers, and for purposes other than
to secure liabilities____ 100,906.25
(e) Total . .....r. *353,277.50
32. Secured liabilities:
(a) Deposits secured by pledged assets pursuant to re
quirements of law... *114,930.62
(d) Total .... *114.930.62
District of Columbia, ss:
I. JAMES A. SOPER, cashier of the above-named bank, do solemnly swear
that the above statement is true to the best of my knowledge and belief.
JAMES A SOPER. Cashier.
Sworn to and subscribed before me this 9th day of October. 1939.
(Seal ) MARTIN A. COOK,
Notary Public, D. C.
My commission expires March 1, 1943.
Correct—Attest: . '
GEORGE I BORGER, H. R. NORTON,
WILLIAM W. BRAWNER, JOHN SAUL.
FLOYD E DAVIS. FRED A SMITH.
ALBERT S. GATLEY. CHANNING S WALKER,
FRANKLIN W HARPER, HOWARD L. WILKINS.
LEROY W. HERRON. W. C. WITTS,
RICHARD A. NORRIS. Directors.
l^tu. 11000. rve&ervc uisinci ino. 0.
REPORT OF CONDITION OF THE
Liberty National Bank
Of Washington, in the District of Columbia, at the close of business on
October 2, 1939.
Published in response to call made by Comptroller of the Currency, under
Section 5211, U. S. Revised Statutes.
ASSETS.
1. Loans and discounts (including $363.80 overdrafts).. _ $2,981,156.20
2. United States Government obligations, direct and guaran
teed _ 1,474.545.63
4. Other bonds, notes, and debentures .. ... 64.089.17
.. 5. Corporate stocks, including stock of Federal Reserve Bank 29.604.00
6. Cash, balance with other banks, including reserve balance,
and cash items in process of collection 3,690,717 85 1
7. Bank premises owned, $246,146.06; furniture and fix
tures, $17,856.93 . 264.002.99
11. Other assets _ 5.032.00
12. Total Assets_ $8,509,147.84
LIABILITIES.
13. Demand deposits of individuals, partnerships, and corpora
tions . _ $4,851,305.31
14. Time deposits of individuals, partnerships, and corporations 2,465,030.54
15. Deposits of United States Government (including postal
savings) .... _ 100,000.00
17. Deposits eft banks ........ - - ... - 40,761.51
18. Other deposits (certified and cashier's checks, etc.) 65,685.89
19. Total Deposits... $7,522,783.25
23. Other liabilities... 16,469.29
24. Total Liabilities. $7,539,252.54
I
CAPITAL ACCOUNTS.
25. Capital stock:
(c) Common stock, total par, $500,000.00_ $500,000.00
26. Surplus ... 320,000.00
27. Undivided profits._... 106,989.32 ,
28. Reserves (and retirement account for preferred stock)_ 42.905.98
29. Total Capital Accounts... $969,895.30
30. Total Liabilities and Capital Accounts___ $8,509,147.84 !
■-X
MEMORANDA.
31. Pledged assets (and securities loaned) (book value):
(a) United States Government obligations, direct and
guaranteed, pledged to secure deposits and other
liabilities - ... _ __ 11,061,221.04
(c) Assets pledged to qualify for exercise of fiduciary
or corporate powers, and for purposes other than
to secure llabilites___ 176,275.63
(e) Total ..... $1,237,496.67
32. Secured liabilities:
(a) Deposits secured by pledged assets pursuant to re
quirements of law__ —.. $793,347.68
(d) Total ..... $793,347.68
District of Columbia, ss:
I, W. T. VANDOREN, cashier of the above-named bank, do solemnly swear
that the above statement is true to the best of my knowledge and belief. 4
W. T. VANDOREN, Cashier.
Sworn to and subscribed before me this 9th day of October, 1939.
(Seal.) WILLIAM A. CAMPBELL.
Notary Public.
My commission expires August 15, 1943.
Correct—Attest: ■ '
I. E. SHOEMAKER, NORMAN B. FROST,
PAUL B. JOHNSON, FREDERIC N. TOWERS,
JOSEPH A. RAFFERTY, M. F. CALNAN,
Director*
I I
2nd
MONEY
W* will buy SECOND
TRUST notes secured
on improved property.
THE AMERICAN COMPANY
807 ISth NA. 80S*
JOHN POOLE. PresUlent
■i-.ll I ———
1 Money for Construction Loans *
and
Loans on Existing Properties
5%
rixai dud or non onu
GEORGE I. BORGER
aSS Indiana Ate. A.W
Natn aaaa ,
Reserve District No. 6.
REPORT OP CONDITION OP THE „
American Security & Trust Co.
Of Washington, in the District of Columbia, at the close of business on
October 3, 1939.
Published in response to call made by Comptroller of the Currency, under
Section 5211, U. S. Revised Statutes.
ASSETS.
1. Loans and discounts (including $1,790.93 overdrafts).- $14,485,219.15.
2 United States Government obligations, direct and guaran
teed ... . 21,636,460.93
3. Obligations of States and political subdivisions.- 277,060.40
4. Other bonds, notes, and debentures - 2,536,396.39
5. Corporate stocks, including stock of Federal Reserve Bank . 419,907.20
6. Cash, balances with other banks, including reserve balance,
and cash items in process of collection - - 18,192,437.61
7. Bank premises owned, $2,417,043.09; furniture and fix
tures, $204,703.00 . . 2,621,746.09 -
8. Real estate owned other than bank premises. 342,447.54
LI. Other assets ___ 311,338.04
12. Total Assets_-_.....____$60,823.013.35
LIABILITIES.
13. Demand deposits of Individuals, partnerships, and corpora
tions . __- ___$27,636,307.6$
14. Time deposits of individuals, partnerships and corporations. 22,181,904.80
17. Deposits of Banks .. —.- ---. 1,794,707.57
18. Other deposits (certified and treasurer's checks, etc.) 234,942.1$
19. Total Deposits___ $51,847,862.19
23. Other liabilities_ 160,711.38
24. Total Liabilities... $52,008.573.57
CAPITAL ACCOUNTS.
25. Capital stock:
(c) Common stock, total par, $3,400,000.00- $3,400,000.00 ^
26. Surplus ..—. 3.400,000.00
27. Undivided profits_ 1,809,680.03
28. Reserves _ 204,759,75
29. Total Capital Accounts-- $8.814.439.78
30. Total Liabilities and Capital Accounts-- 860.823.013.33 ~
MEMORANDA.
31. Pledged assets (and securities loaned) (book value):
(a) United States Government obligations, direct and
guaranteed, pledged to secure deposits and other
liabilities - - - -- --- --- - - $676,512.23
(c) Assets pledged to qualify for -exercise of fiduciary
or corporate powers, and for purposes other than
to secure liabilities_ 1,010,209.51
<e) Total ... $1,586.721.74
32. Secured liabilities:
(a) Deposits secured by pledged assets pursuant to re
quirements of law.----- $99,563.13
(d) Total .—. $99,563.13
District of Columbia, ss:
1, CORCORAN THOM, President of the above-named bank, do solemnly
swear that the above statement is true to the best of my knowledge and belief.
CORCORAN THOM, President.
Sworn to smd subscribed before me this 6th day of October. 1939.
(Seal.) JOSEPHINE L. HATES.
Notary Public.
My commission expires March 14, 1942.
Correct—Attest:
WM. J. FLATHER, Jr, S PERCY THOMPSON,
B. W. THORON, f HOWARD MORAN,
GIST BLAIR. ' M. G. GIBBS.
WM. MONTGOMERY. JAMES M. GREEN,
LAWRENCE E WILLIAMS. WILLIAM W. EVERETT,
WM. L. BEALE, NEWBOLD NOYES,
JOHN SAUL, C. A. ASPINWALL,
CHAS. A. CARRY. HARRY K. BOSS,
JOHN F. WILKINS. F. W. COLEMAN.
GILBERT GROSVENOR, Directors.
Charter No. 3425. Reserve District No. ft.
REPORT OF CONDITION OF THE
National Bank of Washington
Of Washington, in the District of Columbia, at the close of business on
October 2. 1939.
Published in response to call made by Comptroller of the Currency, under
Section 5211, U. S. Revised Statutes.
ASSETS.
1. Loans and discounts (including $694.83 overdrafts)_ $3,516,143.99
2. United States Government obligations, direct and guaran
teed .. - _____ 3,238,285.94
4. Other bonds, notes, and debentures -- - - 186,128 50
5. Corporate stocks, including stock of Federal Reserve Bank . 46,802.00
6. Cash, balances with other banks, including reserve balance,
and cash items in process of collection . _ . .. 4,580,634.40
7. Bank premises owned, $412,374.00; furniture1 and fix
tures, $58 866.77 - - ---. 471.240J7
8. Real estate owned other than bank premises_ 477.400.00
11. Other assets ---- 7,427.99
12. Total Asrets...-.- $12,524,063.59
LIABILITIES
13. Demand deposits of individuals, partnerships, and corpora
tions .-- -.. $6,244,481.27
14. Time deposits of individuals, partnerships, and corporations 3,570,337.12
15. Deposits of United States Government (including postal
savings) - - _ 336,000.00
17. Deposits of banks. -- - 433.87W0
LO. UUin UCpUDiU) ttATUUiCU WJU MWiMVi o Uitvno, CW./- vx,«iu.ia
19. Total Deposits ..$10,678,966.61
!3. Other liabilities . 1,929.40
14. Total Liabilities..-.$10,680,896.01
CAPITAL ACCOUNTS.
15. Capital stock:
(c) Common stock, total par, $1,050,000.00- $1,050,000.00
!6. Surplus _;_____........._ 510,000.00
17. Undivided profits___... 189,370.71 ;
18. Reserves - 93,796.87
!9. Total Capital Accounts__ $1,843,167.58
10. Total Liabilities and Capital Accounts_....._$12,524,063.59
MEMORANDA.
11. Pledged assets (book value):
(a) United States Government obligations, direct and
guaranteed, pledged to secure deposits and other
liabilities . $690,284.31 *
(c) Assets pledged to qualify for exercise of fiduciary
or corporate powers, and for purposes other than
to secure liabilities--- 263,500.00
(e) Total..... >953,784,31
12. Secured liabilities:
(a) Deposits secured by pledged assets pursuant to re
quirements of law.,... >581,552.17
(e) Total ... >581,552.17 '
3ity of Washington, District of Columbia, ss:
I, RUTHERFORD J. DOOLEY, cashier of the above-named bank, do
lolemnly swear that the above statement is true to the best of my knowledge
ind belief.
RUTHERFORD J. DOOLEY, Cashier.
Sworn to and subscribed before me this 6th day of October, 1939.
(Seal.) S. J. COSIMANO,
Notary Public.
Correct—Attest:
JOHN ALDEN, MAURICE F. FLYNN,
J. FRANK WHITE, W. CLARENCE MILLER,
WRI6LEY BROWN. EDGAR N. BRAWNER,
CLARENCE F. NORMENT, Jr., FRANK R. JELLEFF.
GEO. P. SACKS, GEORGE N. EVERETT,
O. W. FORSBERO, MARK LAN8BUROH,
’ARTHUR MAY, ODELL 8. SMITH.
MORRIS E MARLOW, JOHN SCRIVENER,
DSweten. .
J. a