The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1912-11-20
Local Financial Matters.

I wrong that they must have been made
| for the express purpose of deceiving
| bankers. This does not prove
| that statements are untrue as a general
| proposition. So long as a business is
prosperous there is little need for a
statement, especially for incorrect state
ments.
Between moral cowardice and self
deception, the banker is induced to make
| loans that he would not have sanctioned
had he known the facts
an order to protect the depositor. the
| examiner inspects the bank, reports to
the Comptroller, or to the State, and the
examination is at the expense Of the
hank.
why should not the expert account
ant examine the assets of seeker of
credit in order that he may protect the
banker from false statements and at the
expense of the applicant for credit"
Mr.. Forgan's ideas are good, and, IL
adopted, would further hedge about tho
banking business safeguards that would
check loss.
The Washington Stock Exchange will
elect officers tomorrow at high noon.
The present officers are: Benz. Wood
run, president: c. J. Bell. vice president;
Allen f. Walker, secretary; ]. NJ. Green,
treasurer.
The governors are W. A. Mearns, G.
w. Weber. c. P. Williams, o. H p.
johnson, W. ]. Father, and Daniel Fra
ser.
or the Governors. W. A. Mearns and
g. W. Weber retire by expiration of
terms OF Office. The other governors will
remain in office.
II is likely that the entire ticket will
be Reelected including the retiring gov
errors.
There is no opposition to the reelection
Of President Woodruff, and so far as
known no other candidates have been
mentioned for other offices.
With the announcement that legal
measures are about to be taken against
the Washington Utilities Company. that
the Commissioners have under consdera-
ton, papers in a suit, 1t would seem to
be about time the Washington Utilities
Company broke silence and officially an
nounced to Washington just what its
plans and purposes are.
According to the best possible informa- |
ton there is no idea of taking over and |
putting out of business any of the util- |
tiles of Washington. Whatever stocks |
Of other corporations now repose in the |
treasury of the Washington Utilities |
Company were acquired in the open |
market or by private barter and ex-
change.
The statement has been made scores of !
times that no merger was contemplated |
with any local corporation.
1t is time enough to meet action when
action reaches the courts
Officials of the corporation have as
serted openly time and again that no |
merger of any utility company with !
the Washington Utilities was considered.
On Thursday ayapip, d CI,~.z,
Of the Washington Loan and Trust Com
ton Chapter. American Institute Of Bank
ing on Loans and Discounts
1t is the big end OF the banking bust
ness, next to deposits. The profit of an
is made on loans and dis
counts, and Mr.. Claxton is familiar with
the subject
Charles H. Doing has been elected
president of the chapter
Next week John Moody. on Stocks
and Bonds" This is about the only
subject Mr. Moody could be expected to
Seventeen and seven-tenths shares of
stock covered the total transactions in
he stock line on the local market. A
LOCO bond of the Capital Traction Com
,any at 10 IA completed another days
record.
II this record is deserving Of additional
it is but to express the hope
hat to-day's may be something OF i'm
,ortance.
Local operators with Wall Street in
linations are talking st. Paul as one
f the best on the list, on earnings and