The Washington herald., 1912-11-03

per cent on bills II promptly paid.
BY act In 1See the price was hxe4 at
cents per 100 cubic feet.
BY act OF January 30. 1856, the prics
was increased to % cents per 100 cubi,
government bills and cents on private
customers.
On June q. 1874. the rate was reduced
to $50 per 1000 cubic feet for the gov.
ernment and $e75 for the general con.
sumer.
June 9. 1885, the fixed price Of the
Washington Gas Light Company was re.
duced to N.1o per 1000 cubic feet.
July ], 1soA the price was reduced to
81 a 1000 cubic feet.
This ended the government reductions
to date.
The company voluntarily reduced the
rate to 80 cents some three or four years
ago. and then made . further cut to 8;
cents.
1t takes a certain kind Of courage. Q
high grade Of the article. on the part Of
the bank president to turn his back on
''possibilities'' for money making and to
conduct the affairs of his institution on .
strictly business basis.
All around are men Of means. fire.
lQuently bankers themselves, who are
adding to their personal fortunes through
taking q chance here and there in en-.
terprises that look fair, frequently turn
ing out well, while the straight conserva-
tive banker sits tight and looks after the
interests Of his depositors and share
holders. knowing that taking no chances
means freedom from worry, freedom
from fear. freedom from suspicion. once
a beautiful scheme goes wrong.
| 1t means always the preservation Of a
good name, more to be valued than
great riches:" II means honor among
men: recognition as q charter member
of the roll Of honor.
1t ought not to take as much courage
on the part Of a banker to say mo- to
a customer as to say 'yes."
The former carries with II the certainty
Of safety, while the latter may have in
the saying. lurking danger Of failure in
repayment.
He is theD wise banker who. having
looked at the various angles of the mat
ter can say. when the case warrants.
NO. and do It in such a way that the
recipient of the negative will feel that
the banker has done him distinct
favor.
The North Capitol Savings Bank open
ed for business last evening. The d.
rectors were present to a man. and one
woman. having adjourned their meeting
on Thursday evening until last night.
Floral tributes were sent by well wish
ers and by other banking institutions.
The new building was inspected and
voted Just the right thing for the needs
Of a bank. and the fittings and fixtures
were approved.
Best of all. many accounts were OPEN
ed. a number OF complimentary checks
h ,l-r o~A ~,
companies uptown. the aggregate de-
posits far exceeding the expectations Of
the promoters.
The bank was organized under Arizona
laws. but il carries the same double
liability of shareholders CONTAINED in the
District law and has a much larger
board OF directors than could other
wise have been elected.
Robert n. Harper. president Of the
District National Bank. had entire
charge OF the preliminary arrangements.
This is the third bank organized by
Mr.. Harper in the District, and he has
found time between banks to establish
one in Leesburg and do many other
commCndable things.
Speaking of Mr.. Harper's ability to do
things recalls the manner in which he
recently moved State turnpike in vir-
land at Leesburg.
Mr. Harper owned property on either
side of the road. He persuaded the
State to permit him to close the road
with stone gates at either end Of his
land about 1.40o feet. and construct at
his own expense a new State road at the
limit Of his property in semi-circular
form new moon shape). while the old
highway becomes the driveway to his
residence.
All exchanges were closed yesterday.
The banks were open. Many brokerage
offices were open for part OF the day, but
there were few traders in attendance and
the gossip and speculation was of the
Presidential election, rather than of
stocks and bonds.
All Washington awaits the results of
the ides Of November. recognising that
it may mean vital results to the city
more directly affected as to the policies
that change of administration may
bring than any other individual city.
The three candidates are more or less
determined to hold to civil service in
District matters: a matter Of congratula-
tion. but the chances are that there will
be changes enough few months hence
70 disturb the placidity Of the heads Of
bureaus, departments, &C.
The wonderful prosperity, the great
crops. the industrial activity on the eve
Of election preclude fear Of positive dis
turbance. 1t will take drastic action to
disturb the serenity Of q 5000. 1000 crop
country. l
Hartman & Co. announce that they
will keep open house on Tuesday even
ing at their Offices in the Colorado Build
ing. where private wire election returns |
will be received.
One Of these days some shareholder Of |
the Washington Gsslight Company. with
clean hands. will take the initiative in
settling the rights Of the corporation to |
dividends on Georgetown Gas COMPANY |
stock, owned by the Washington Gas \
Company.
The Supreme Court Of Oklahoma holds
that ''one signing a note as. principal, |
jointly and severally with a debtor of a
debt then due and owing, il a surety and |
not an accommodation indorser. Such
surety Is not entitled to a notice of the
default or insolvency of his principal.
neither is he released by mere delay in
bringing suit"
An interesting savings bank account
has come to the attention of a Boston
News Bureau reporter. The account was
started in q Massachusetts savings ba nk
back in 1850 with a deposit of Sl3O. On
two occasions Withdrawals were made.