The Washington herald., 1912-11-01
~ 1. A. FLEMING.

Merchants have much complaint re-
Earding the unreasonable weather for the
season and the slow moving Of heavy
goods. Az q result they have not made
sales on q basis OF expectations ana
have frequently been forced to borrow
to meet bills.
Offerings of local securities as collat-
the fact that there Is comparatively little
investment buying. All the stock accu-
mulated for Maryland Virginia Railway
Company interests and intended for the
treasury Of the Washington Securities
Company, when formed. 10 locked up
and not in escrow with any bank as
collateral
advances by banks. depending largely on
the maker Of the note.
Here is a schedule. q loan basis on
local securities, prepared by bank
president:
Washington Gas. IS: Georsstown Gas. 30. Wash
ington Railway com. 80: washinston Railway pfd.
so; Meryeuthaler. SIS; Cspital Traction. 500: Ian
ston, So
Carttal Traction IS. par; Washingtou Gas s. rar;
Steamboat S. s.; Washington Railway p. 70; Po-
tomac s., 80; Potomac Oon. s.. So
Bank stocks At % per cent under quotationA
A correspondent has this little pleas
antry: An evening paper states in
glowing headlines that the Georgetown
Gas Company accomplished the remark
able feat of cleaning out its own con-
denser in less than twelve hours.
Il do not think that there is the
slightest doubt about the feat being ac-
complished, the quality of the gas proves
It; but, II they would take twenty-four
hours and clean 1t again We might be
able to see to read. in the evening hours.
much better"
Out in Salt Lake, Utah. a far cry. from
local financial matters and yet not too
far. the savings banks have increased
their deposits in nine months, 24a.025.
And the reason was. real estate smash,
break in wool and live stock prices, and
closing Of mines. Zion Savings alone
increased $739, 800. People preferred to
have their cash in banks rather than in
vestments.
1t is true that the common and pre-
ferred stock Of the Washington Railway
and Electric Company are practically on
a par. but the preferred is a per cent
cumulative proposition and preferred as
to claims on assets.
Therefore. the difference in lending
values of $40 share as quoted above.
The directors of the North Capitol
Savings Bank met last night and dis
cussed plans for the formal opening OF
the bank on Saturday night The d.
rectors agreed to be on hand to assist
the officers in giving the youngest saw
ings bank an auspicious opening. Shares
have double liability clause.
Omcials are counting on large deposits
from the employees Of the Government
Printing Once, coming as the opening
does tbs-next day after pay day.
The Park Savings Bank has inaugu-
rated a club system, depositors paying
in small sums for "a little Christmas
fund.- or larger small sums. for = Pc
riod much longer. for a Panama Expo
sition in 1915 Fund"
The clubs are known as christmas
Thrift" and Panama Exposition clubs.
Here is the way It is done-and the
subscriptions to date to each fund.
which may be drawn any time, have
reached important figures:
Clubs Of Class A are composed Of
members who pay / cent the hrst week,
third week. increasing the payment by
! cent each succeeding week.
In saving for Christmas. 1872. there
will be thirty-six payments. the final
one being 36 cents. The withdrawal !
value Of the saving, the first week in
next December, will be $6.6s and 3 per
cent interest.
II q Panama Exposition fund be de-
sired, the payments will continue for
1A weeks longer. 160 weeks in all, the
final payment being $.60. The with
drawal value of this saving will be $12S.-
50 and per cent interest.
Clubs Of Class are composed OF
members who pay cents the first week,
cents the second week. 6 cents the
third week. increasing the payment by
cents each succeeding week. Thirty |
six payments (the final one at Y cents) |
would have withdrawal value Of $13.32. |
and 3 per cent interest for next Christ |
mas. One hundred and sixty payments |
(the final ono at 800 would have a
withdrawal value Of $257.60, and 8 per
cent interest. as Panama Exposition |
fund In 1915.
Clubs Of Class arc composed of
10 cents the second week. Is cents the |
third week. increasing the payment by |
cents each succeeding week. Thirty |
six payments (the final one at $1.SG |
would have q withdrawal value Of $3.50, |
and per cent interest, for next Christ |
mas. One hundred and sixty payments |
(the final one at - would have q with |
a s2itc VI W.T. dtfu EcT Schl III |
terest, as q Panama Exposition fund in |
1915. u
II it suits the members convenience |
the payments may begin with the larg-
est amount OF the class and decrease |
each succeeding week. thereby making |
the saving easier as 1t progresses. Or |
II 1t is preferred to pay an even amount |
each week two subscriptions in the same |
class may be taken. one beginning with |
the smallest amount and increasing
weekly. and the other beginning with |
the largest amount and decreasing |
weekly. For example. in Class A for the |
Panama Exposition fund, wherein the |
Smallest amount is I cent and the larg-
est amount is $1.eo. the even weekly |
payment. OF $1.d would maintain both |
subscriptions throughout the series. and !
at the end Of 1e0 weeks would reach the /
sum Of $257.eo. exclusive Of interest.
Robert N. Harper left last night for /
Philadelphia and New York on business
Before going. he admitted to the pur-
chase Of number Of pounds Of dyna-
mite.
The few tenants. weekly and monthly, |
Of the buildings. &C.. on that mysterious
plat Of ground located on Thirteenth
Street. between r and q Northwest and
10 Topham's store on r Street and IN /
equal distance on q Street, have been
EVEN short notice Of an advance in their
eonta Result: Empty 0toeea No leases