The Washington times., 1911-05-10
MINORITY HOLDERS
Of GEORGE TOWN GAS
MAY GO into COURT
To Enjoin Washington Gas
Company From Voting Its
Stock in Corporation.

Minority shareholders In the George
town Gas Company will go so far as
to ask an Injunction to prevent Wash
ington Gas Company from voting it's
holdings in the former company, hold
| Ing that 1t has not the right to vote
holdings In corporation engaged in
the same line of business in the same
city. The directors of the company,
with the exception of Messrs. Mearns,
Howard and Orme, are said to oppose
the Washington Gas Company, while
the three named are in sympathy with
II.
1t is not believed that the opposing
directors will carry their opposition to
the extent of blocking the plans for
erection of a big plant by the George
town company, and the necessary is
suance of securities. The net surplus
Of the Georgetown company last year
was something over $4,000 which would
not seem to give encouragement to
heavy bonding, the more so as the
proposed plant would not be of use for
two years. Extensions in sparsely set
tied districts took much of the profits
of the business.
W. V. Cox. president of the Second
National Bank, who has been attending
the meeting of the executive council OF
the American Bankers Association at
Nashville, Tenn. has returned to the
city. pleased with the results of the
meeting and the hospitality of Nash
Vile. ne states that the council repre-
sentlng 12,UtU banks, unanimously in
dorsed the recommendations OF the cur
rency commission of the association, as
presented 10 1t by the vice chairman.
James b. Forgan, of Chicago The sug-
ReStlOnS mO0iTV anrnpwhat ba
plan Tor monetary legislation as Sug-
gested by Senator AldrIch.
A matter Of local interest was a favor
able report on the request of the local
bankers association. that the District
OF Columbia, although 1t has not the
requisite number of banks, be permitted
TO have a member of the executive
council. Mr.. Gurney, of Nebraska.
report for the committee, which by d.
rection OF the council, will be acted on
at the annual meeting of the associa-
tion. TO be held at New Orleans next
fall.
The annual meeting of the Citizens
Savings Bank was held in Alexandria
yesterday afternoon. The treasurer
cashier, BestOr r. Walters, reported
the years as the best in the banks
history: the deposits having increased
s4s,2s6.E2 year ago. The profits for
the year were s1S,l57, an increase of
$1,000. The bank now has ISIS deposit
tors and 3i9 share holders. The net prof
It's were equal to SA per cent on the
capital.
In closing his report. Mr.. Walters ur-
ged the immediate seluection of larger
quarters and recommended the payment
of dividend this year out of all the
deposits were s2I0.2i2.
The officers and directors were re-
elected.
The Anacostia Bank held its annual
meeting last evening. George o. Wal
son was reelected president; NJ. NJ.
Moffit, vice president; r. A. Pyles.
chairman of thhe executive committee,
and Maurice Otterback, cashier. The
old board OF directors was again chosen.
The volume of trade on the local
Stock Exchange showed a decided fall
ing of. For the first time in over
week, the upward trend in Gas shares
halted, and the close was a tslction be-
low the high of the session. Brokers
attached little Importance TO the let-up,
as they expect the stock to continue its
activity in the immediate future. There
are few bears on the stock, yet after
a 10-point rise it is noSing more than
natural that there should be a breathing
spell
The rest of the market was rather
narrow. fractions were neglected. A
few sales of Farmers and Mechanics
Bank stock were reported at 270. and odd
lots were recorded in other shares, but
they were more or less unimportant
sales. A small block of Graphophone
preferred at % was the first sale of this
stock for some weeks.
In the bond list transactions were |
light, but records were made in Poto-
mac Consolidated SIS at 100, Steamboat
5's at l03&, and Chesapeake and Poto- |
mac Telephone SIS at 1895.
Reports from Douglas, Ariz.. are to |
the effect that the Mexican rebels are |
about to attack the big mining camp |
at Cananea. with a force of 1900 men |
while but $50 soldiers are guarding |