The Washington herald., 1912-11-30
Local Financial Matters.

| for merger propositions. and yet let Con-
gress force this action. and 1t would
probably receive the Endorsement OF all
interests.
Perhaps in the interest Of the people
there ought to be one street railway
company and one gas company-easier to
control, easier to dictate to, easier to
force the lower rates, give transfers, and
generally control.
But II any suggestion of this kind was
made 1t would meet with great opposi-
ton. even with 75-cent gas and universal
transfers.
George NJ. Reynolds, of Chicago, has
been elected president of the Continental
Commercial Safety Deposit Company.
which is erecting a new home for the
Continental-CommercI Bank. which will
occupy the greater part Of the block on
La Sale. between Adams and Quincy
Streets. with Fifth Avenue on the west.
William B. HIbbs and w. A. H. Church,
the convalescents, are said to be doing
remarkably well. The former held
reception on Thursday, at which a num-
Der Of Stock Exchange members were
present. and congratulations on speedy
recovery were extended. Mr.. Church re-
ceived some Of the officials OF the Com
mercial National Bank, and both the
invalids were CHEEKY and full Of hope
OF a speedy return to the activities OF
their regular daily life.
John Moody. editor of Moody's Man
ual, who will address the Washington
Chapter, American Institute of Banking,
| on Thursday night OF next week. de-
serves one of the largest audiences that
| ever attended these lectures. The chap
ter rooms are at I214 F Street.
Mr.. Moody's subject Stocks and
Bonds" Is one that interests every one.
And every one Is invited by the chap
ter to be present. Investors who are
not especially familiar with securities,
who are anxious to understand the ins
| should hear Mr.. Moody, a master OF his
subject.
Local stocks moved slowly, nothing OF
| Importance, and with no change In
values on Friday.
There was the usual attendance of
brokers, but they did not have suffi-
cient orders to make the session inter
! esting. In the meantime a fair bust
ness in bonds is going on over the coun-
| ter.
The Chicago Banker scores the bank
clerks of that city. for their indifference
to the lecture course of the Chicago
| Chapter, American Institute of Banking.
Washington clerks and some more i'm
portant in banking circles consider the
lectures before the local chapter too
valuable TO be missed.
The 800 bond is finding favor with in
vestors. It talks for itself, and is In
high repute.
Whether the investor is buying 800
| 500, or s.. ZOO bonds he should first know
the bond house that offers them; know
the reputation for integrity, and. know
ing it, patronize high credit bond houses.
and the securities are more likely to
be sound
Wholesale insurance of bank employees
| is one of the recent developments in
banking circles. The Equitable Life has
policy that covers the case, and makes
the rate low. The Northern Trust Com
pany of Chicago was the first to insure
its employees in that city.
The policy Is equal in amount to one
years salary, except In the case of high
salaried employees. No physical examina-
ton is necessary. The rates are based
upon groups of 100, and no employee can
be left out. The employees name their
own beneficiary.
An employees policy ends automatically
when he leaves the service OF the COM
pany.