The Washington herald., 1912-11-10
Local E;izlz,,ci II q rs

U1feQoD ooDufo 0n1n1t41nG 1nnl ceuk0
- ~ - 1T thero ahAn ~ nnan1u1o0
n fsconmeelkteeA r. eta!1oeiee ] -,
An,asonisn To- tiss pastrict; to a.
IeGua1 divissoa q expansea &e.. hae
been shown ~ the 8xty-second Co9-
eresA md unised front In oppoelt3ou
TO sth1s n to be dSglEeG
lGr. osorsa. In his plans for assess-
ment for vaeant acrsags pgopsrty. he-
iievss in usaifng assessmsnts ON . sab
division besi1 alloytng nothing f0r
grading. impr6veznsufs. Ac.: nothing for
Assessor Richards contends aeAlnst
this method strongly.
when the Constitution was adopted
the electoral college was snpposed to
be constituted Of men >of standing and
importance. who would wisely eonsi1er
and select the best man for the high
and lofty once Of President Of the
United States. Later the college de-
generated into q gathering Oh "dum-
mics" who were supposed to xote
strictly for the nominee Of party.
In this day and age. dummies" ere
poratioAs. t-
An excellent example OF this was given
shortly after the initial announcement
Of the Maryland Virginia Railway Conn
pany. ths $0,0oo,oo0 corporation that pre-
Tceded tho SsA0oo 90 Washington Utilit1es
Company with its s1oaOoo.ooo authorised
5 per cent bonds.
Railway and Electric Company. In IN
tavxy In hA At AA~
mitted their entire lack Of knowle4Se OF
anything pertaining thereto At the Same
time over IS, 900 Maryland virginia
stock had been sold and the proceeds
used In open market and at private sale
to pay forWashington Railway and Eiec-
tic stock.
In many Of our, banks executive COM
mittees and finance committees transact
the business Of the Institutions. The
directors meet now and then and hear
the reports Of these committees and ap-
prove them. In q general way they are
figureheadA
What's the answer
It may be found in smaller but entire
ly active boards ofdirectors.
When any action y taken the entire
board should be cognixant thereof. or
they are not actual directors.
It Is generally considered the proper
thing to put important men on bank d.
rectories in order that their influence
may be obtained.
There IL more or less fallacy h this
theory. Would II not be better to hate
directors who direct. a small boards-an
active energetic board. acting for all.
always?
The Business. High School Bank has
total deposits Of $500. an increase Of
500. as compared with the previous state
ment.
The officers Of the bank are: C. A.
Guilford. president: Miss A. Copes. vice
president: L. Froundberg. secretary; Mr..
Campbell, cashier: Miss Gechicter, teller;
II. whaler. bookkeeper; H. L. Brodie,
assistant bookkeeper and Mr.. Deuterman.
, runner.
The Herald has receivsd two reports
on the address delivered by John N.
Riordan, cashier Of the Bank Of Com
merce and Savings. before the Board Of
Directors. Of the Business High School
Bank, ON THE Value of q Bank Ac.
| count"
Both correspondents agree that Mr..
Riordan handled his subject ably.
Mr. w. B. Hibbs. who has been fire.
quently quoted during the past week a.
saying this or that. has been confined
to his room since Tuesday threatened
with illness Of serious character. He
is convaieseent. however.
The chief shareholder Of the washing
ton Virginia Railway Company IL the
Washington Utilities Company.
It will Increase It's holdings very gener-
nj 1lSr tan n
Virginia Railway Company
| will be a silent unit in the great holding
company.
Employees Of the citisens Central Bank
Of New York were given the opportunity
four years ago to buy stock in the bank.
General advantage vas taken OF the
| offer.
The bank agreed to carry the stock
for the employees and to accept partial
payments.
Edwin 8. schenck. president Of the in.
| stitutions. made the proposition. Since
then the employees have paid for . very
large block Of stock and have an ex-
| cellent profit in sight
| II has given the bank an able, efficient.
and interested corps Of employees.
Here il q profit-sharing plan that
would work well for some local banks
|
Local securities, other than bond L.
sues, moved slowly. The session was
short and uninterestinG. Bonds were .
shade stronger.
They say" that Q how Of oil-sooth-
ing. smoothing OILS passing oveF
Observation-Disclosures Gas eompaniei
bruises. - (.
peace hath It's victories NO less than
war"
The telephone system installed By John
d. Rockefeller In his -Pocantico HIlls e.
tate, according to reports. d moro ex-
tclusive than New Yofk's 10 In the days
Of Ward l6cAllister. There will Be no
opportunity for the pretty telephone
operator to get . tip from the Oh king 9
instructions to his broker on some stock
which she can breatb6 softly to her
lover. The best day'( stories no more
win tell how the tele6hone girl and her
lover took from the little savings bank
around the corner their combined saw
ings d $1Okn and through some kind
hearted broker purchased on Q 1-point
margin the Rockefeller stock. How Inn
mediately It shot up % points and gave
them q young fortune. on which they
married and raised . sweet faced fam
fly. the eldest . boy. being named after
John d.
SAD, indeed. l. the cruel world Ok money