The Washington herald., 1912-10-23
NJ A. FLEMING.


The third question asked by H. d.
F." follows: Please inform me II there
is any possibility Of an increase in the
dividend rate, In the immediate future,
| Of the Warrington Loan and Trust
Company? My understanding, Is that
when the surplus Of the institution
reaches the million mark the distribu-
ton to the shareholders would be in
creased" -
The best information at hand IL that
the dividend will be increased to or
possibly 10 per cent In the compare
lively near future
The directors some time ago decided
that all earnings in excess Of the per
cent dividend now paid should be di-
vided into three parts for distribution.
one part to surplus. one part to depre-
citation in realty and building. and the
third part to the shareholders In the
shape of an increased dividend.
The company's earnings are between
II and Is per cent, and business ts In
creasing steadily. 30 that 3 per cent
is certainly warranted 10 per
cent distribution.
Julius L Peyser was guest at large
banquet at the Ebbitt House last night.
Mr.. Peyser was as gracious as ever.
The Washington branch Of the Ma
tional Association OF Credit Men. an or
ganization that materially aids in the
upbuilding Of conscience and commerce,
will be organized at a meeting to be
held this afternoon in the rooms of the
Chamber of Commerce.
Nearly all the banks and trust COM
panies of the city have signed applica-
tions for membership. and a large num-
ber of manufacturers, wholesale and re-
tail merchants will be on hand to join.
The Arrangements are in charge OF b. B.
Earnshaw.
The organization now has branches
in over seventy prominent cities.
One of the chief objects OF the organ
of credit information. Every member is
expected to furnish the uain Office with
records Of the people with whom he does
business when asked to do so, and espe-
cially to report on delinquents. 1t will
act as a check on the town-to-town beat,
the traveller who stings and departs to
sting again.
The organization urges upon list MEM
bership and on the general business pub
credit standing
Credit information Of inestimable
value is available, the annual fee for
bank or firm membership being $lo
Members of the American Institute Of
Banking and other bank men" are cor
daily invited to an oyster roast on Ana
lostan Island Saturday. October rs. Boat
will leave the Analostan Boat House at
80 p. m.
1t is requested that entrants Tor the
day will bring along some old clothes
and a baseball glove" r. S. V. P. is
asked before Friday.
The invitation committee is composed
of Joshua Evans. jr., A. NJ. Nevius. Ar
thur NJ. Nyman and Philip NJ. Garnett.
The suggestion of some old clothes
has just a suggestion OF a rough house.
Sessions of the Stock Exchange are
rather amusing these days. There are
few orders On the buying side. This
fact developing as the session advances,
is followed by a very general selling
proposition by one broker, with no Sc
r;ous objects to taking a turn on any,
thing on the list. The rubber fell on the
tip of the Capital Traction hammer yes
terday, and the pounding II received was
severe, but without eliciting much of
anything but few smiles. Nothing
seems to attract investing attention, and
Washington Railway and Electric Sc
curities are no better supported than the
shares of other securities. 1t is a wait
ing game
Waiting for the developments which
every one, except those on the inside,
expects in the comparatively near fu-
ture, holders of stocks are not anxious
to sell to any extent. although there
has been liquidation in Railway COM
mon and preferred in small amounts.
Maryland Virginia activities have
ceased for the time being, nor Is it
probable that they will be resumed until
after the Virginia State Commission has
passed upon the purchase Of the stock
of the two small electric light properties
recently acquired.
Should this acquisition be approved,
the next step will probably be the rec
ommendation of the Washington-Vir-