Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-01-06
HEARD ON 'CHANGE

The new year has come, and while there
has been no marked improvement in the
market, still 1t Is believed that conditions
will be better and that there will be a re-
vival in activity. What is needed in the
local stock market as we'll as in the wider
one OF Wall street. 1t is argued, is an in
fiux OF investors; in other words, new
blood. Some active buying would go long
way toward stimulating business and max
Ing better prices.
The little squirt in Mitchell Mining showed
what could be accomplished when there is
any demand at all, and no doubt the same
result would follow in other things on the
list In the event some orders of good size
were filled. 1t is thought that some of the
money that was released in the recent
movement in Greene Copper found its way
In the direction of Mitchell Mining.
Al the annual election of the stockhold-
ers or the Bank OF Washington on Tues
oay next changes will be made in the per-
souhel OF the members of the board OF d.
.ectors winch Will be followed by changes
IN the management Of that institution and
an increase in the capital stock and the
carrying out of other details looking
National Bank.
At the same time Mr.. Charles A. James
VIII retire from the head of the bank. a
Undue i.i ngure In banking circles in this
city. There were more stories eoinp about
In regard to his methods than Of any other
man In the business. It was pertains NOT
alW Ways easy to secure his approval of the
toliateral or a proposed loan. but when
.iidt was done and the loan made then q g
long as the interest was Maid the TO-
to"eI could feel secure that he would not
pe caleo upon to pay the principal
g., ne oank was further also noted for hav-
ing on hand always large supply of ready
money and a good proportion of its avail
aole FUNDS was supposed to be kent in ac
tual cash in the bank
+,, AnO'ner subject of talk about this insti-
tutlon which always seemed to have a fas-
clnatne interest was the nature of its as
sets All sorts of stories have been in cir
G ~ about the investment Of the bank
years gone much beyond a premi,,m and
wnlch were allowed to figure in the state
ments at the price which was paid for them
years ago. ~ ,o' '''eii
down at valuation of $1,000 when p ,,s
estimated value today is at least s1s0 ono
ana only recently some of the current possin
annaa the bank was to the effect that it
y" heo something life half a million dollars
IN real estate in this city outside of itS
banking ONCE which did not appear in its
name, out was held by trustees.
,,at was not surprising then that the mar
NJ value OF the stock placed it among
the high-priced stocks on the local LET orS
ai.houSn other banks were ahead of tho
Bank OF Washington in the amount of de-
ot anu IN the volume of business done,
yet the stock has commanded what has
pIacilcaiIy been the highest figure for Sc
curltieS OF this sort on the local list.
vi James mad warm personal follow
ing, not alone among the customers of
,he Dank, but among the stockholders The
loyalty OF the latter is somewhat remark
able as for the last twenty years at Last
efforts have been renewed from time to
t 10 convince the stockholders that the
business or the bank might be better in
trusted to other hands
Ihey nave always stood by Mr. James
ana 1t is true now that it was only his
Physlcai condition that induced the stock
Iioiaers 10 consent to a plan which is now
10 De carried out man of the highest
integrity and Of the strictest sense of ms
.lGe ana with no ambition to enrich him
actlve business here, and has now as he
always had. the regard and esteem of his
the bank. Va