The Washington herald., 1912-10-13
nv I, A. FLEMING.

ny !. A. FLEMING.
Team work is Just As essential in the
conduct of manufacturing. commercial
or financial business as 1t Is in the ma
tional pastime.
An establishment with ofncials and
employees working strictly for them
selves and without aim or object, with
out hearty cooperation can no more
stand than can "a house divided against
ITSELF
Where the greatest results are to be
obtained all the units Of an establish
ment must work as one, every energy
concentrated on doing well that part OF
the days programme assigned to each
individual.
Perfect accord and harmony of action
and unity of purpose from the head OF
an establishment to the humblest en-
ploye is absolutely necessary that the
best results may be obtained.
Nine exponents Of the national game,
stars though each player may be, Will
not attain success against other experts,
where each particular bright light Is
working with eye single to his own rec
ord and personal glory.
employees and officials Of Washington's
financial institutions have greatly en-
HANGED their prosperity. There are many
profit accruing angles to the banking
business-each a position of Importance
centering around the keystone center"
guarded by the president of the insti-
tuition.
Team work of this character has led
to wonderful financial success-not only
fha hut
the shareholders of an institution and
to the city as well.
Team work of this kind builds up an
esprit de corps that has not only fire.
quently resulted in added profits for in
stitutions, but to the creation Of such
close personal relations between officers,
depositors. and employees as to make the
days work a pleasure, not drudge, to
cement close personal friendships and
develop in the Office a working force of
twenty units working with the force,
direction, and results Of one unit.
One OF the largest of the six local
trust companies has brought this team
work to such a degree of perfection that
the results obtained are surprising even
10 the shareholders of the .institutiOn.
Last year it earned Il per cent. and it
was not an especially good year for the
banking business at that
This corporation has ''over 5000 de-
pcsitors."
Harmony, unity of action, one for all
and ali for cne, and most desirable
spirit prevails in the highest degree.
Its Office is next door to a happy home.
The score of employees. more or less.
come in practically at the same time and
with the active vice president, a daily
associate adviser. and supervisor. they
work to the close of the day-none 60
ing home before all. If there is an error
in the cages or in the books. II is
the work of all to aid in finding the
answer before any leave.
Once a week this happy family assem-
hles for social intercourse and exercise
in a bowling match, and here, too, the
highest team work is developed.
Stones handicap is five, Devereaux
bowls from scratch. and Stetson has
handicap of twenty-five pins. Sides are
chosen and the real struggle begins.
This diversion and the monthly dinners
At the expense of the trust company on
tie LIST of each month tend to the great
est possible unity of purpose and team
work for the bank. The blue" enyelop
is unknown in this bank.
Real cooperation and harmony exist
among the employees and officials of the
majority of local fiscal institutions. but
this especially happy and effective force
furnished the text for this team work
story.
Attention is called by a correspondent
to the convertible clause in the certiti-
Gates of Indebtedness and bonds Of the
Georgetown Gas Light Company. sug-
gesting possible complications in the
event of the Washington Gas Light Com
pany acquiring the minority holdings OF
stock of the former.
1t is true that there is a clause making
the certificates. &C, convertible If the
Supreme Court of the District of Colum-
bia will allow the company to increa Sc
its capital stock to a fair valuation OF
their plant
In this event, four shares of stock
may be obtained for 500 of certificate
bonds.
In 1854 the Georgetown Gas Light
Company was granted a charter by Con-
gress for a corporation with Sl50,0OO CAPT.
tai. To-day. fifty-eight years and four
months after embarking, the company
has still the same capitalization. So, too,
has the Washington Gas Light Com
pany, 100000 organized sixty-four years
ago.
To this extent our lawmakers have
quibbled. while other corporations meet
and vote increases in securities without
leave from the men on the HILL
Our correspondent suggests that "if
the Supreme Court of the District al
flows this amalgamation 1t would be also
allowable to convert the bonds into
stock"
But the efforts Of both gas companies
to increase their capital stock have been
futile-probably will be until the amalga-
nation has been accomplished.
In these merger or amalgamation prop
ositions now before local financial inter-
ests, no recourse to either court or Con-
gress has been contemplated Neither
has any disturbance of underlying Sc