The Washington times., 1912-12-10
CHRISTMAS FUNDS
TO Be DISTRIBUTED
BY TRUST COMPANY
Quarter Million Dollars Will
Be Divided Among 10000
Holiday Savers.

Probably the most unique distribu-
ton OF dividends" ever made by
corporation in Washington will be
the division tomorrow Of sum of
about 125O.OOO that the United States
Trust Company will make to some
10000 depositors who have formed
the company's Christmas Savings
Club. None Of the checks will be
over $50.
This is the result Of the Christmas
savings Plan instituted by the Mer-
chants and Mechanics Savings Bank
last winter before II became a part
Of the United states Trust Company.
Weekly deposits Of q cent or more
have been made fof the purpose Of
enabling the depositors to have on
hand at this time a little "soll" which
could be used for purchasing Christ
mas presents. The figures show how
extensive and popular the plan be-
came.
on these deposits and the checks now
going out are for the full amount of
principal plus the interest. The Of.
ficacy OF the plan IL further brought
now carrying Invitations from the
loan" companies to call upon them
for Christmas money. Just 1000
washington y. people: through tho
position where they will not be In
tcrcsted In these alluring invitations.
The checks which are being used to
convey the Christmas funds to depos.
adorned with red and green Santa
Claus carrying q bag of money under
his arm. Arrangements have been
made whereby these checks may be
cashed at any Of the trust coI!pany's
merchants: J. Castelberg 4 Son. Gold
enbergs, VIM. Hahn & Co, r. Harris
4 Co. jackson Brothers, p: J. Nee Co..
s. kann. Sons & CO.. w. b. Moses &
The. second Christmas Savings Club
Will be started by the United States
Trust Company on the day after
Christmas, December 26, so that even
2 larger club. with q larger Christmas
distributicn next year. is expected to
| ent fund has been spent.
Business on the Washington Stock
Exchange today was little better than
1t was yesterday. Eleven shares OF
stock and 5000 Of bonds were all that
were changed on call and twenty
shares of stock and $1,000 OF bonds
| after the call.
The larger bond sales consisted OF
| Capital Traction SIS which went at
40. the bid price Yesterday. The
other bonds were Steamboat SIS and
brought 1854. Ten shares Of Wash
inRton Gas brought S6h, a quarter
under the price for a quotation lot
| yesterday. Graphophone common was
| soft. ten shares going at 52. A bid
| OF 256, Ave points higher than yester-
! day. WAS necessary to secure Ave
| shares of National Bank Of Washing
| ton.
November gross earnings OF the Balti-
more and Ohio, when reported. will
probably be found to be more than 81,
90 coo ahead OF those for November,
| 1911. which footed up $7.5S3.0O0. Net
| earnings for that month are said to
have Increased comparatively little by
reason Of heavy expenditures on the
property. The road goes into the win
| ter In excellent shape.
Although gross earnings OF the Sea.
board Air Line Railway In November
did not show as large a gain as they
did IN October, approximate figures
given out today indicate that the road
IL handling the largest volume OF traf.
| hc In It's history. and that gross reve.
| nue last month exceeded the CORE.
sponding month a. year ago by $Sl. 235
| How much OF this was saved for ne,
will not be disclosed until the audited
] returns are made public In about q
month.