The Washington times., 1912-03-24

care OF the accounts: the collection de-
partment OF cUllectionss the deposit
department OF the cash. The special
attended to all legal matters, disputes,
etc.
Within a few days the wrecking. as
sets realization companies made offers
n.7po,OOO cash for the assets, including
cash collected. IL was turned down.
BY May i750,oOO OF the merchandise
o S sGG "a and there e1Sess %ss
collected on accounts and bills made
prior to the appointment of the re-
Between May Is and June the re-
manning assets were disposed of at
auction, the receiver realizing much
more than auction values because Of the
Total T rea.atSn Il sssSS aSSSSnti Payments
claims. A record and one that the re-
ssiyer csiv NAV we'll be proud Of. Statesmen
est order assisting.
1t might be well for courts in Wash
ington TO give the trust companies OF
the interest of speedy, successful Haui-
cation. Personality counts t- even in
hquidation and the assets OF q bank
rupt ought not to be dissipated.
Washington has had its era of bank
expansion: The new institutions of the
iaSt decade are numerous enough; the
neid 7, nan.f ls flIed perhaps beyond it's needs.
an era or concentration is at hand.
Two individual Institutions have been
sstosorbed by one trust company and
mere are rumors of further absorption
zations.
With each year the smaller fiscal in
SsnSn Ssnuons e are growing stronger and
al A,,a
might be In the interest of stronger
panking system IL some smaller banks
iUThd %bS lodgment IN larger entities.
smaIinesS In the Merchants and Me-
chanlcs' Savings Eank. 1t was growing
oy leaps and hounds, and had every
prospect OF place and position among
the largest savings banks of the CITY, II
was most desirable peach. Nor was
there anything small or weak about tho
lnternational's local business.
Nor ts there any insinuation that
there is anything small or weak in the
city.
This branch business is something new
in Washington. 1t Is common enough in
large cities. AS stated before, one OF
the purchase of the Connecticut Az
nue. corner at Dupont Circle, some three
years ago and the establishment of A
branch there.
iuc tleHenI mas counted Dig
in tie Washington Gas Company.
The employment of the deposits after
they have been gathered into the banks
Is one OF the problems that Washington
barkers have to solve these days The
money flows IN. There are few banks
that haven't more cash on hand at this
time than they ought to nave, when
profits are considered. Many are dis
tributing their funds in banks for the
interest: some are buying notes and
bonds in large quantities, others are In
creasing their funds in New York.
The few days OF settled weather re-
suited in great retail trade expansion,
but this was checked by the return of
unreasonable weather. But good
weather Is at hand and business will
certainly improve in the near future.
The late season has enabled the RETAIL
ers to work down their stocks of un-
seasonable goods to a lower basis than
usual and with less sacrificing.
The personal fa,tor cut much tcasm
the sale Of the big block OF Georgetown
rights. ."1-'
The Washington Gas Company was
entitled to subscribe to Sl76.000 of the
now SIS 1t sold the rights to a syndi-
cate at s or 4. or under. They are worth
N in The open market. and could have
been peddled out as high as or 10, but
the gas company has use for its cash
these days. what's the answer? Coal
And the company is doing an excl
lent business. The examination Of. me-
tcrs Is prolific of returns, as a larger
percentage were registering under than
over.