Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-10-15
Heard on Change


Members of the exchange who were
actively identified with the arrangements
for the bankers convention received a good
many bouquets during the week not only
from their associates. who are naturally
pleased that the visitors have been enter
tanned in such good style, but from the re-
cipients themselves Of what they term a
generous hospitality.
There was a good deal of pride mixed up
with the expressions from the frst-m
toned class. for, after all. everybody was
glad to hear the city well spoken of and
to know that in comparison Washington
has held its own with the large centers in
this country which have entertained the
association in former years. After New
York and San Francisco and other places
which just laid themselves out to give the
delegates a good time. it was most en-
phatically up to this city to keep up with
the procession.
1t seems to be the general opinion that
this was done, and to what extent and de-
gree all former records have been exceeded
1t Is perhaps not the place of Washing
tonlans to say. 1t Is enough to say that
the convention was the most largely at
tended in the history of the association
and that as far as known, everybody had
a good time, and that all the arrangements
"CiO ouiiii AMY anu wen Carried out.
Some notion of no wthe city Is forging
ahead may be afforded by the experience
of the Washington Railway and Electric
Company in connection with the power
plant for producing electricity for the light
ing of the city, and also for running the
street cars on their system. In the past
five years the consumption of power has
more than trebled. 1t is natural to EXPECT
that as the city grew there would be need
for more current for street and house light
ing, although, as gas light is still prin-
cipally in use here, the figures are not as
significant as would otherwise be the case
The work of extending the street car lines
was practically concluded several years
ago. but still the record shows that more
ears are needed each year to carry the In
creasing number of passengers 1t is not
to be wondered at that plans for enlarging
the electric plant are under consideration
in the face of such demands as the past
few years have developed.
n
The announcement of the sale of seat
on the stock exchange for $4,000, which
was made during the week. has led to
some "reminiscences of former values. AS
this is the second sale at that figure with
in the course of q few months the members
are getting somewhat accustomed to the
size of the figures.
Mr.. Frederick c. Stevens remembers that
he bought his seat some eighteen yea RS
ago from the late Mr.. George H. B. White
who the first president of the ex-
change. Mr. White asked $500, which Mr.
Stevens paid, but 1t was thought at the
time that he had paid a very large sum-
and the transaction was looked upon in
some respects as a reckless sort of a plunge
for Mr.. Stevens TO have made
AS Mr.. Burdette, who has just disposed
of his seat for $4,000 acquired 1t sor1e
time before Mr.. Stevens came on the board
It is concluded that it cost him much less
than 500 However, that is nothing, as
there are several members whose seats cost
them not more than S25.