Evening star. [volume] (Washington, D.C.) 1854-1972, 1903-07-25
LOCAL FINANCIAL NEWS.

Arrangements are being perfected for
joint meeting Of the Maryland Bankers
Association and the bankers asSocia ton
of the District. AS now planned this meet
ing viii occur the latter part of September
and its surroundings will be Of such an
unusual character will doubt largely
interest the membership of both organiza-
tons. 1t is the, purpose of the subcum-
mittee of the Washington associa ton, of
which the president of the association,
Mr.. Charles j. Bell. and Mr.. a. X Paris
are members. to charter one Of the large
and well-appointed steamships on the
Washington and Norfolk line. 1t Is pur-
posed that the party leave here in the af-
ternoon of day to be fixed and proceed
down the river, visiting Newport News
Norfolk and other points of interest that
may be selected. and after spending day
start on the return trip SO to reach
this city the morning of the third day,
thus having the outing occupy two nights
and one day. All the meetings will be
held on the boat. where there will be ev
cry facility for comfort and pleasure.
Renewed consideration Is being given by
the Baltimore and Ohio Railroad Com
pany to the project for making Georgetown
one of its freight terminals in this District
AS Is well known though, the charters
granted some years ago by Congress to the
Washington and Maryland Railroad Com
pany and to the Georgetown Barge, Dock,
Elevator and Railway Company, both of
which companies are controlled by the
Baltimore and Ohio. the latter has the right
to construct railroad from the District line
between the canal and the river to George
town and then passing under the Aqueduct
bridge to continue along Water street to
Rock Creek. with the privilege of extending
the tracks along Both street to the Potomac
and along Virginia avenue to Rock creek.
The company has already built line leav-
ing the METROPOLITAN branch at Linden and
extending westward toward the river end
that is now in use to some extent for the
TRANSPORTATION of coal for suburban resi-
dents In that locality.
A direct line from the main branch to
Georgetown is therefore provided for with
the exception that 1t is pronounced to be
lmpracucable to build the road. Stipu-
lated in the charter. between the canal and
the river in the section in the vicinity of
the Chain bridge. The ground is of such
claim. practically prohibitive to railroad
building. In order to obviate this defect
in the project a bill is now pending in
Congress to permit the railroad to cross
over the canal by a bridge and to come
down on the east side, through the pail
sades.
1t is stated that this change made, there
will be delay in the completion of the
line. and that 1T is believed a division of the
incoming freight to this city. as will be
made possible, will be of advantage to ship
pers as well as those who receive the
freight In this way a distributing center
will be provided for large and growing
section Of the city west Of 18th street.
Mr.. ]. Whit Heron has been elected a
member of the board of directors Of the
American National Bank.
1t Is stated on good authority that the d.
rectors of the Potomac Savings Bank re-
Gently established in Georgetown, are not
considering a plan for making that institu-
ton auxiliary Of one Of the big trust
companies Of the District. They have
however. under consideration plans for ex-
tending the usefulness of the company and
for eularging its scope both IN the banking
and savings branches Of it's business.