The Washington herald., 1907-08-30


the past ten days, where the officials
of the institution have been receiving
subscriptions 20 the capital stock. The
subscriptions have now progressed TO
the point where a call has been issued
for the first payment on the certificates,
payable September 70 Il. II IS felt
by the promoters of the enterprise
that they have met with great encour-
agement, taking into consideration the
present condition of the money market
and the slack season OF the summer.
It was stated yesterday that the OFF,
cials OF the company had been offered
u number Of large subscriptions TO the
capital stock, In sums ranging from
s., 600 70 $4,000, but they have ad-
hered to their first plan of receiving
only small subscriptions in order 10
scatter the stock as widely as pos
sible.
At meeting Of the incorporators, held
yesterday, the following officers were
elected: Rignald W. BeaH, president;
Cornelius Eelshardt and Harry P Huddle-
son. vice presidents. and Joseph J. Col
l!ns, assistant cashier.
A number Of applications have been
made for the position of cashier, but il
is desired TO hold this position open for
the present Nj Collins has had wide
experience as a bank man. having been
with the National Ban> Of Washington
over thirty years. holding almost every
position Of confidence and trust Mr.. Hud-
dleson is the law clerk Of the Public Health
and Marine Hospital Service and sec
rotary OF the Citizens Savings Bank. Mr..
Eckhardt is auditor OF the Evening Star
Newspaper Company. and was for many
years the mayor Of Kenslngton. Nd. r g
maid W. BeaH Is vice president Of the
United states Trust Company, vice presi-
dent OF the Citizens Savings Bank. and
vice president Of Moore & Hin, real es-
tate brokers.
The other directors of the institution
are William T. Griffith, OF Rockville.
Md. J, ". Holcombe. and Gustaye
Bender The other officers and the di-
rectors TO the number Of fifteen viii De
selected from time TO time, and will be
among the conservative and reputable
men OF the Capital
The Comptroller Of the Currency yes
terday issued a statement, showing the
condition OF eighteen national banks Of
the city Of Baltimore al the close Of
business on August p The loans and
discounts were S5s.5s21S3. The total re-
sources Of the banks were Sl02. 453.5I4 OF
this amount S5,G955I4 was IN lawful money
reserve Of the banks. s. 1925 represented
exchanges in clearing houses. and there
were checks and other cash items 10 the
amount OF $Z5,5S5. The fractional cur
Tency held by the banks was S3l 5Ss The
surplus funds were S7.l05,oo9. and the un-
divided profits were g. g75, ,6g7. Individual
deposits amounted 20 $50 S95.O57. The per
centage Of legal reserve TO deposits was
l524. and the percentage Of deposits to
cash, 25,34.
According to the monthly statement OF
the Department Of Commerce an6 labor.
tho foreign trade Of the country for the
month OF July amounted ia Imports to
Sl24 $50 965, as against Slo2 7e2 449 FOR the
same month q year ago. The exports for
the same period were Sl2S555.23 against
ylll ese, IA g year ago.
a Chicago correspondent Of the New
York Commercial takes & roseate view OF
the transportation service Of the country.
declaring that the principal railroad lines
are IN much better condition than they
were a year ago. and that the inmens
traffic from the West TO the seabOard
VII be handled this year much more
and cheapiy than IN former
years In an extended review of rail-
way bette-ments during the present year.
he shows that trackage has been much
improved, more cars are ar the service
OF the railroads. and many new loccmo-
tives have been added. lie admits that
only good beginnings have been made.
particularly IN the Southwest, toward
supplying the transportation lines with
adequate facilities for handling the in
creasing products Of the country. but re-
marks thet enough has been done to
make an appreciable effect upon the traf-
&c from the entire region west Of the
and particularly west OF the
great central plains.
The Greene-Cananea Company he's again
passed it's dividend Had the dividend
tN1tA pAtA II - SltAQ LtiI ALo-lCf WOlAU nav e
come from the earnings Of the Greene
and 1t is regarded as better
finance to allow the Cananea TO stand
upon its own merits and wait until ths
affairs Of the company are on a sub
stantial diyidend-p8ying basis.
A. o. Brown & Co. announce the open
ing Of a branch Office in the New Plaza
Hotel Eiftv-u{uth street and Fifth ave-
hue, New York. Of which Herbert L.
Jones, formerly in charge Of the COM
pany's Offices in this city, viii be man
ager,
TREASURY STATEMENT.
ReserTc fund
Cold coin and bullion $50 go eco ~