The Washington herald., 1912-07-24
FINANCE AND REALTY

Local public utility securities were the
feature Of yesterdays trading on the
Washington Stock Exchange Railway
Is. aggregating more than $4,000 face
value. changed hands. Capital Traction
IS. after call. and Potomac Consolidated
bs. on call. were next most prominent.
Bank Examiner. Meet Directors.
The great benefit a national bank ex-
aminer may confer upon a bank and
upon its community by q discussion Of
the institution's affairs with its directors
is treated In a paper written by William
T. Marfeld. national bank examiner for
Western Tennessee. Louisiana, and Mis-
sissippi. The paper, which was printed
and published yesterday by the ONCE Of
the Comptroller Of the Currency. states:
Probably no step In the development
and Improvement of the way Of getting
the best results from the regular visits
OF the examiners to the banks has been
more effective than the requirements Of
the Comptroller that the examiners meet
and discuss In person with the directors
the anairs and conditions OF the bank
Certainly. no part Of the work Of the
examiner Is more interesting and In
structfve to the examiner. and also to
the active officers and directors.
First Of all. it is. OF course. necessary.
Mr. MARRIED. holds. that the examiner
shall have prepared himself with abso-
lutte thoroughness for a discussion Of the
banks AFFAIRS. A general review OF the
intitution's affairs should be made first.
after which details of its management
may be taken up. 1t Is of utmost impor-
tance. Mr.. Marfeld states. that the d.
rectors should be impressed with the ne
cessity OF giving their attention to the
ratio Of investments. principally In loans
and discounts. to the invested capital
and deposit liability and the reserve, both
as to cash in bank and with agents.
After h statement of detailed instructions
on conference between examiners and d.
rectors. he says:
Each examiner, after all, must deal
with the specific case. and the best he
can do is not too much for the general
good OF the banks, and that means the
general welfare Of the community the
bank is serving"
Getting Ready for New Bank.
The building committee Of the North
Capitol Savings Bank. which was recent
ly organized. met last night and decided
to ask to-day for bids on the building
10 be occupied by the institution, and
opened In short time.
Seek Sites
The manufactures committee, of the
Chamber OF Commerce. met yesterday
afternoon and discussed several PROPOSE
tons submitted by manufacturers who
desire to locate their industries at Wash
ington. Chairman Robert n. Harper ap-
pointed subcommittee to investigate the
propositions.
The committee, at 1880 o'clock this
will meet at the Raleigh Hotel
and examine the products Of a silver
ware factory at Salamanca. n. Y, whose
owner recently notified the Chamber of
Commerce that he wished to remove his
business to Washington.
Sales Mt Chilfum Castle Heights.
Morgan Bros sales for the f,rst half
Of July amount to ses.5co-nne lots at
Chillum Castle Heights for $1,000; two
houses. III and 1913 Eleventh Street
Northwest. to C. Z. Sisler for 5000; to
James F. Kelly, in Fulton Street. for
sI15o; for d. ]. Particle, the bungalow
at Kansas Avenue and Eighth Street,
for $50. and for Mary NJ. Jacobs. the
house at 4o2 Rittenhouss Street North-
west, for $500.