The Sunday herald and weekly national intelligencer., 1890-10-12

productive of much good and enable the COM
pany to complete large number of machines
now building and for which the orders are
all in.
The new bank on street, the Ohio National,
has generally been received with much favor,
and it is probable that it will start off with
good business, as the location is central and
convenient. The stock has been already sub
scribed, one gentleman taking 600 worth
and number OF our business men having iden-
titled themselves with it.
The passage of the Trust bill by Con-
gress, giving the right to charter loan and
District under a law somewhat similar to
the national banking act, will prove great
boon to the several companies now in existence
and be of great benefit to the community in the
greater security and convenience they will
henceforth enjoy. The companies taking ad-
vantage of this act will be under the supervision
of the Comptroller of the Currency, subject to
his surveillance at all times, and must make
full statements OF their condition to him when
called upon. The par value of the shares is
required to be 800, which must be fullypaid
The passage of this bill crowns with success the
efforts that some of our companies have been
making for years to secure these privileges, and
is move in the right direction.
Are you going to Harper's Ferry to morrow?
If you are interested in Graphophone it might
pay you to go. The annual meeting takes place
then, and there are mutterngs of discomfort
which may break out there, The Ferry is noted
uS plCulC ICbOIl, anu JuOSO VINO 90 may en-
JOY ''picnic," to paraphrase a little popular
slang.
Notwithstanding the recent money scare and
all the panic talk, it appears by the reports is
sued by Bradstreet that for the nine months of
this year there were about eight hundred less
failures in the country than for the correspond
ing period of last year Evidently the country
will be able to pull through without much
strain.
The Stock Exchange has recently elected Mr..
w. B. Hibbs to active membership and in doing
so has gained a popular and deserving gentle
man. His long connection with the firm of Is.
X. Plain 81 Co. gives him wide acquaintance
among investors and full knowledge of the
stock market.
The 'rights," or more properly the privi-
leges, Of subscribing for the new issue
of 81, 100000 worth of bonds of the Washington
and Georgetown Railroad Company were placed
on the Stock Exchange during the past week,
and small sales made at premium of $40 per
share, equivalent to 120 for the bonds, and the
same price freely bid formore. The bonds bear
6 per cent interest and run for from ten to
forty years, at the option of the company with
every probability of their running the longest
period.
The published resignation of Mr.. Charles C.
Glover from the vice presidency and directory
of the Washington and Georgetown railroad
Company was very decided surprise, as he
has been so long aud so actively interested in
its success. To him more than TO any other
single individual is due the wonderful success
and excellent management of this corporation,
which has kept equal pace with the spirit OF
progress and improvement of the city. His
successor, Mr.. John r. Mclean, is well known