The Washington herald., 1911-10-14
GOSSIP

A fair demand for certain bonds was
shown in the local market yesterday but
no free trading was evidenced. Washing
ton Railway and Electric As met the
strongest demand and sold to a face
value of $4,000 at s..
Washington Gas was sold without the
quarterly dividend, but undersold Thurs
days mark nearly a point in addition
to the amount deducted for the dividend.
Thursday the stock sold for SS15. Yes
terday the opening price, S6A, reflected
about the same level, taking into ac-
count the loss of the quarterly dividend
of S1,2O. All below that, and the price
was pretty generally S6, reflected net
loss under Thursday.
Bank Clerks Get Diplomas.
Eleven members of the Washington
Chapter, American Institute of Banking,
qualified for the certificate of proficiency
by their work last year. They have re-
ceived the first eleven certificates issued
to Washington members by the American
Institute Those who received the GER
tifcates are P. NJ. Garnet, J. Burr john
son, Joshua Evans, tr., and II. V. Hains'
of the Riggs National Bank; E. S. Wolfe
and F. V. Grayson, of the American Ma
tional Bank; /. D. Faber, Of the Lincoln
National Bank; G. H. Doing, of the
Washington Loan and Trust Company
A c. Chewing, of the Postal Savings
Bank; w. w. Spaid. of Hibbs & Co, and
Carroll Pierce, Of the Citizens National
Bank of Alexandria, Va.
Harper Outlines Plans.
A unique method of bringing manufac-
turtles to Washington and retaining n
this city thousands of dollars by means
of Joint stock corporation was outlined
before the committee on manufactures
of the Chamber of Commerce yesterday
Mr.. Harper's plan, in part, follows:
There shall be organized in the Dis
trict of Columbia a company to re
known as the District OF Columbia Hold
ing Corporation, the capital Of which
| shall be not less than $250,0o0 divided
| into preferred stock, each share Of
which shall sell for so.
The payments for said stock shall be
| s. per share, cash or when called for,
and 81 per share monthly until paid in
full. With each share of preferred stock
there shall be given one share of COM
mon stock.
"One of the objects of this holding
corporation will be to establish in the
District of Columbia profitable industries
for the purpose of manufacturing spe-
cialties or other articles Of merchandise.
as the judgment OF its board of directors
may decide upon.
Another object in view prompting the
organization of such a corporation is to
give profitable employment to our young
men and women, who have but little
opportunity with our present surround
ings to enjoy the usual city advantages
for the display OF either present or fu-
ture business ability, or in some in
stances supply the home with necessary
comfort.
The management and business affairs
OF the holding corporation shall be in
trusted to thirty directors, chosen an
nually from the stockholders of this
corporation. These directors shall be
elected in blocks of ten. to serve for
three years each. Whether they shall
Immediately succeed themselves or not
will depend upon future determination.
The directors Of the holding corpora
tion shall elect from their members a
president, two vice presidents, and
treasurer. They shall also elect a sec
retary, but not necessarily from thciT
membership