The Washington herald., 1912-07-18
FINANCE AND REALTY

With no great change Of prices. yes
terday's session of the Washington
Stock Exchange assumed a greater &C.
tivity than had been apparent in a week
or more. Stocks Of the Washington
I Railway and Electric. Capital Traction,
| and Washington Gas were most prom
inent In the trading.
Washington Railway and Electric pre-
ferred scored the largest transactions.
more than 200 shares changing owner
ship.
Seventeenth Street Properties Sold.
Papers In the transfer Of three proper
ties in Seventh Street Northwest were
filed for record yesterday.
The house on the southwest corner Of
Seventeenth and I Streets Northwest,
once occupied by Senator John Kane Of
New Jersey, was sold by the American
Security and Trust Company, for the
estate of Anthony Pollok. It IL under
stood that the property will be remodel
ed for business purposes. The title for
this property. as for the two others. Is
made in the name Of Harriet Holther.
who is believed to represent another
person. The recorded price was $685.
and a trust deed for $4,000 was filed
with the title deed.
Joseph T. johnson sold the property at
the corner Of Seventeenth and K Streets,
and while the price was not made public
the deed OF trust. in the sum Of $4,000,
which was recorded In connection with
the transfer, gives a general idea of the
consideration. The property, which is at
the intersection OF Connecticut Avenue
and Seventeenth and X Streets, includes
the buildings known as e24 and s26 Seven
teenth Street. both OF which were for
mer residences. converted into offices.
As a part of this same transaction the
title to the property two doors away at
&c Seventeenth Street. also was placed
in Harriet Holther. This building. which
is occupied by . department Of the En-
gineers' Once. u. 8. A, was the proper
ty of the late Admiral Charles II.
Thomas. and the sale was made for
the Thomas estate at a consideration ap-
proximating $4,000.
Made Bank Examiner.
F. A. Cuscaden. Of Omaha. has been
appointed a national bank examiner. It
was announced yesterday at the office of
the Comptroller Of the Currency. Mr..
Cuscaden is about thirty-two years old.
and has had about ten years expert
ence in the banking business In Omaha
and Ericsson. Nebr.
Reserve Agents Approved.
Approval Of the following reserve
agencies was ANNOUNCED yesterday at |
the office Of the Comptroller OF the Cur
rency
For First National Bank Of Cumber-
land. Nd, the National Bank of Balti-
more and the Union National Bank Of
for Peoples National Bank
Of Charlottesville, Va. the Chatham and
Phenix National Bank Of New York.
Below Limit of Tolerance,
Recent reports to the Treasury show
hat there are In circulation in this coun-
Try millions Of dollars in gold coin which
are below what at the Treasury is called
the limit of tolerance" which permits
1 loss In weight of one-half Of per cent.
Below that weight the government, in
-edeeming gold coins, makes reduction
II cents 3 grain.
Should this gold. therefore. be present.
ID by its owners to the government for
the owners would be the
osers. The government has no desire.
however. to recall the lightweight gold
money. The worn gold never reaches the
Treasury or the subtreasurtes. but Is
,assed from bank TO bank and from In
Iividual to Individual
Most of the worn gold, 1t Is said. is
n circulation in the West. where two
arieties of gold money are distinguished
Treasury gold" which Is full weight. .
nd bank gold" which Is below the
init OF tolerance. |!
Silver coin Is always worth its face /,
alue, no matter how much It 10 worn
y use and time.
PERSONAL Mention.
John Poole. cashier of the Commercial
,ational Bank, returned yesterday from 4,
.tlantic City.
E. J. Stellwagen. president Of the !
Inion Trust Company, is taking a vaca-
ION at Poland Springs, Md.