The Washington times., 1911-04-16

dsHhston Is city OF many dis
tricts. retail and financial. 1t would
not be right to say that the trend OF
the hnanetaL district Is toward the
northwest. but the trend of he up
town financial district is certainly in
that direction. 1t is not so long ago
that the Union Trust was on the out
SKIRTS OF the financial district. The
southern Commercial building and the
Wooward building. in process of erec-
tion, will bring hundreds of business
concerns in that direction, the United
states Trust Company, the most inn
portanr, So far as known.
There have been introduced into the
House several bills having intent to
reduce the price of gas in the District
e oI Coiumpla below the present cost.
80 cents thousand
Representative Cary places the max
imum cost, In his bill (2s97), at so cents.
He has also introduced a measure pro-
Vldlng for the appintment of ten inspec-
tors, whose duties shall be the taking
OF the monthly statements from the gas
meters in the District. Salaries of "a
day are also provided. The gas COM
panies would have to accept the sworn
statements Of the inspectors as a basis
Tor bills, and pay the salaries.
MI. Madden OF Illinois has introduced
IS cent gas measure CID, also pro-
Ytdlng for standard quality gas
Ii Is questionable whether any Of
these measures will be considered dur
ing the extra session, but they are all
on the calendar and will hold over. and
may be called up at any time during
the life of the present Congress.
Senator Gallinger has introduced
biii t2s,, with intent to prevent any
title of name of a firm or corporation
doing business in the District being sim
liar TO that of another firm or corpor-
atlon-"or that may readily be mis-
taken for one already in use in the Dis
trict.''
Also preventing any persons, firm,
corporation or body corporate. except
banks, trust companies and BUILDING
and loan associations licensed under the
laws of the District, or a foreign cor
poration authorized or licensed to trans
act business in the District from adver-
ttsihg, or putting forth sign or using
the words bank trust or Savings"
or using any artificial or corporate
name or other words indicating thac
such person, persons, associations or
body corporate is a bank, trust COM
pany, savings bank or building and
loan association or shall solicit in any
way the receipt of deposits.
Senator Gallinger has introduced an
other bill t25), having to do with the
lending of money, in volume and other
wise, by foreign capitalists and local
moneyed men as well-covering every
phase, providing a license fee, etc,
where greater than per cent interest
is asked. 1t contains many interest,"
ing provisions.
An attempt to float a 4,000. 900 mining
corporation In the Porcupine district
was turned down cold by New York
financial houses the other day. 1t is,
therefore known as n sticking proposf-
tion. Had 1t gone through, 1t might
have resulted in thousands of gulibles
being stuck.
The forthcoming volume of wash
ington Securities" will contain, among
other statistics, compilation Of the
last seven calls of the Comptroller of
the Currency, giving the capital, sur
plus, and undivided profits, loans. indi-
vidual deposits, due banks and bankers,
Government deposits, and total deposits.
as well as the book values of each and
every national bank, trust company, and
savings bank on the dates of the seven
calls. covering the entire year 1910. and
the January and March calls of 1911.
1t is the record of Washington banks
and trust companies for fourteen
and gives these records impair
TALLY. The book will be out about the
third day of May. ..
Local securities have been acting
spIendidIy; bank stocks and utilities and
stocks as well. Just for
the present the investment demand Is
on stocks. to the neglect, tenn