The Washington herald., 1912-07-10
FINANCE And REALTY

Trading In bonds on the Washington
Stock Exchange yesterday aggregated
transactions of more than $4,000 and
formed the feature Of the days session
The public utilities securities led the
market in the volume OF business. thii
being true OF stocks as well as bonds.
"Commcrcial'so Capital S275,OOO.
The Commercial Fire Insurance Com.
panys capital stock has been increased
in the last few months from 100000 tc
s277, 200. A typographical error made a
statement Of the capital stock read S227,-
600 instead of S277.0Oo
The subscribed capital OF the company
is now more than S350.oOo. and II is the
purpose of the company to increase its
capital to s1.Ooo.Ooo.
Architect Breaks Tour.
Frank P. Milburn. the architect, yes
terday broke his vacation motor tour.
which had gotten him as far as Atlantic
City, and came back to Washington to
attend to business. Mr.. Milburn spent
the day in his office, and returned last
night to Atlantic City, where his son
and daughter are. Mr.. MIburn and his
party are going to tour New England.
They paused at Atlantic City because
Of the intense heat. which made even
motoring a discomfort
One of Busiest Banks.
The newly. established Seventh Street
Savings Bank. with a temporary loca-
ton at ls16 Seventh Street Northwest.
opened Monday morning at a. m, and
during the entire day and up to the hour
of closeing at . p. m. was one OF the
busiest places in Washington, SO great
was the number OF accounts opened. An
fact, the number OF Individual accounts
and the aggregate Of deposits was Tar
In excess of the most sanguine expec-
tations of the officers and directors. Tor
the first days business.
Located as the bank is, In neighbor-
hood where much retail business Is done'
and where the outlying residential dis
tricts are thickly populated and rapidly
increa sing II will surely prove a bene-
fit and a convenience to that part OF
Washington.
Every modern equipment for the con-
duct OF a growing banking business Will
be installed. and the policy Of the banks
officers will be TO extend TO Its customers
and depositors every service bank Is
expected too. and liberal interest allow
ance will be made on all saving and
checking accounts to be credited as OF
July /. on accounts opened on or before
July 10 next
The officers and directors Of the Seventh
Street Savings Bank are as follows:
Somerset R. Waters. president: August
II. Plugge, first vice president; Harry
Kaufman. second vice president: Ralph
E Burgess, secretary; J. u. Howard,
treasurer and cashier; Charles S. Shreve,
jr. general counsel; Henry c. Bergling.
DIR. w. Thompson Burch, Ralph Z. Bur
CESS. Willoughby S. Chesley, Charles w.
Fairfax, Lsadore Freund. John W. Gregg.
Thomas Heany. Harry Kaufman. Michael
O'Hanlon, Isaac Gutenberg. Roger OHan-
lon, Alexander II. Pitt, August II.
Plugge. Henry J. Rupert. Charles S.
jr., Patrick Shugrue. Joseph b.
Thomas. Joseph n. Thompson. John F.
weyrich. John r. Wright, and Somerset
r. Waters, directors.
Practically all OF the national banks.
to which requests for Standardization re-
ports of examining committees We're sent
by Lawrence o. Murray. Comptroller Of
the Currency, on July l. have made fav-
orable replies. These requests were made
Of all banks except those in the reserve
cities. Comptroller Murray, in order that
all reports might be similar drafted sug
gestions to be forwarded to the boards
OF directors. With one exception, all
those that have so far replied. express
their WILLINGNESS to cOmDly with the