The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1912-10-13

new Nortn NaPltoi savings Bank at their
meeting merit Tuesday night at the Hoo
tel Continental. Miss Malone Is we'll
known In financial circles as one OF the
ablest business women In Washington.
A prominent stakeholder Of the new
bank said today that the Institution re-
garded Itself as particularly fortunate in
securing her consent to serve as a d.
rector.
DR.. d. d. Muicahy is to be elected
president Of the bank; o. d. George,
Lewis Holmes, and r. Frank Morgan,
vice presidents. and II. ID. Dyer, assist
Bank. will be elected treasurer. A
board of twenty and thirty directors is
to be chosen. They will meet after the
stockholders meeting, and elect the
officers.
The new banking house, opposite the
Government Printing Office. will shortly
be completed. and Is expected to be
opened November !.
THE Bank and the Newspaper" Ia
the title Of a little pamphlet lust re-
ceived from the Guaranty Trust Com
pany OF New York, a reprint OF an adj
dress by Fred w. Ellsworth, publicity
manager OF the company. before the
annual convention Of the American
Bankers Association at Detroit last
month. Closer relhtions between the
banks and the newspapers and better
acquaintance between the heads OF
banks and the men who run the news
papers are advocated by Mr.. Ellsworth.
How the bank can help the newspaper.
the newspaper the bank. and both help
the public are Interestingly discussed.
While not a legal holiday in the Dis
trict. Columbus Day was observed by
the Washington Stock Exchange. Nc
session was held. All the brokers' Of
fees, Of course. were closed on accoun,
Of the holiday in New York.
The Southern Railways report fol-
the last fiscal year, reviewed In The
Times last week. discloses some inter
esting percentages upon examination
The company the last fiscal gear earned
n surplus equal to 11.27 per cent on Its
ing for the allotted ) per cent divi'
dends on preferred stock. the balance
s.. 763,117. is equal 10 313 per cent or
$l20 100000 common stock. In the pre-
ceding year ILL per cent was earned
on the preferred stock. or s per cent
/ on preferred and sos per cent on com
mon.
In Baltimore the Fidelity Permanent
| Building and Loan Association has beer
| organized by interests identified Wit,
| the Fidelity and Deposit Company. Thu
association has an authorized capita
| stock of s1,O40OOo. Former Governo
Edwin Warfield is president. The oh
| ject OF the association is to arrarg
saving among employees of the F1dclit!
| Deposit Company and others, who ca,
| join by taking two shares or more, cost
| ing 25 cents entrance fee tor eacl
share. and paying Is cents a week
| share as dues.
| A decrease in the net income OF tn,
Washington, Baltimore and Annapolis
| Electric Railroad Company Is shown 70
September in their report just issued
| but for the nine months ended Sep
| TENDER 30 the net Is shown to have NOR
than doubled as compared with the cor
responding period OF last year.
| The following Is the comparative
statement OF operations of the compan!
for September and the nine month
ended September 30:
MONTH OF SEPTEMBER
1912 1911 Inc.
Gross operating
o5 5sTsSss ..p: sss:s sSss r EEL
Net oper's rev.. ss7.sa:@ sa:Is,a ,1lG!
Misc. income go. 1896 22s.W 07 I
Gross income E. ,ss. 1851 ss1.ti6s, ,ssa
Deduc. from inc.
| --tFor taxes.
int, etc.)...... 23.t5s.O n.ss5.77 l.T3t
Ne, income go. n.szsn SIS. see 8 $3.50
Percentage ,oper-
ating expenses
| to gross operat-
1 Ing revenue. B.sOeo ANS ...,....,
| NINE MONTHS TO SEPTEMBER 30.
1912 1911 Inc.
Gross operating
revenue ...... t6s4 1854 Sls.96s6 s65 sos.
Operating exp's 2s7. 1874 2s0, i75.l5 1850.
Net oper'g rev. 1921 33t 60 s25s 4sl.n }3S So,
Misc. Income. 45l5.lS S0l75s '3,502.
Gross income 1901 ss.7S seq, 500 $50, 3j0.I
Deduc. from inc.
| tor taxes.
| int, etc.).... 202, 3iSls 224,I30e 22,063
Net income .,... Sas 500. 50 So. 0s6.T S7.nl.:
Percentage oper-
atinR expenses
to gross operat-
ing revenue -. 4913qo 20. 20r .......
Decrease.