The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1912-12-25
Local Financial Matters

speaking of for three, possibly FIVE. years
Tn, Washington Gas Company has but
to hitch its mains 90 the Georgetown hold
ers and gas will flow in quantity to sup
ply the whole district.
First must come the utilities commits
sion, and dilatory tactics on the part of
Congress have done local utilities no
good. The manner in which the rights of
the public are protected and the interests
/ of corporations guarded, with justice, by
the utility commissions and public service
| boards all over the country with a check
| ing of corporate grabs, shows that they
are a necessity of the day and the age.
Diplomacy is not alone a valuable
quality in the diplomat, with him it is
necessary. Any business man who would
succeed requires a certain amount of
diplomacy; he must meet the problems
of his world just as automatically as
possible or fail in their solution to his
satisfaction and profit. To the diplomat
in politics comes the honors.f to the
diplomat in high office the chances of sue
cess are increased; to the head Of a cor
pOration diplomacy is essentially i'm
portant
In any line Of business the diplomat
will win and hold trade; he will smooth
over the rough places, show the best
front at all times, never be caught at
disadvantage, and the spells will be
his, the spoils of trade.
Washington has more diplomatic bank
! presidents than any other city OF its
size in the country. Practically every
one is imbued with the spirit and the
younger members of the STATS OF banks
seem to have acquired this jewel very
early in their business careers.
The result Is that old customers are
| retained that new customers quickly
form cordial relationships and the banks
of Washington not only get business, but
hold it.
Diplomacy never killed a trade.
| The Christmas spirit had the advantage
over business acumen on the Stock En-
change yesterday afternoon. OF course.
| there were exceptions where insistent
! orders were to be filled, but otherwise
| the brokers were incIind to make merry,
to contribute to the joy of Frank and
| Charlie" the former tine record clerk
and the latter the telephone boy, the
encourage of the exchange. Both have
an excellent chance to eat turkey, each
received more than the aggregate COM
missions during many days of the slow
winter season, and both may be counted
on for faithfully performing their duties
during 1913.
Here is a merry, merry scasonable offer
for you.
| A member of a well-known fiscal firm
will give q cents a hundred for Mitchell
mining shares. Twenty-fOur cents for 100
shares. Name furnished on application
! If any one has stock for sale. Cheaper
than wall paper.
| The Laclede Gas Light Company, Of
81 Louis, is the first artificial gas COM
pany in the United States TO go into house
heating by gas on a large scale. This
winter the company will supply gas fuel
| for the heating of about seventy build
| ings, including residences from the small
| est to the largest, a few stores and Of
fees and two medium size factories. The
company believes this field worthy of full
est exploitation.
! Consolidated Gas Company of New
York has conducted various experiments
along these lines, but has not yet en-
tered the field extensively.
| A. F. Krippner. industrial engineer Of
/ the Laclede Gas Light Company, of St
| Louis, discussed recently the possibilities
! OF house heating by artificial gas as a
fuel. After enumerating the difficulties
and experiments necessary to make
house heating by gas feasible, he said
that during the days of extreme cold last
| winter, the worst in St. Louis for years
| all houses heated by gas were kept COM
/ fortably warm, while many of the better
type of homes heated by coal could not
! be kept at the desired temperature.
| Mr.. Krippner comedies that house heat
| ing with gas at 30 cents a thousand. the
| st. Louis wholesale rate, will cost % to
! 100 per cent more than hard coal He said
| This cost does not take into cOnsidera-
| ton any expenses incident to janitor's
| service, handling coal and ash, the value
] Of cleanliness and personal comfort about
the home and other advantages. all Of
which can reasonably be reduced to a
monetary value. The added cost of OPP
Grafton cannot be urged against the
scheme of gas for house heating. 1t can
| p-ofitably be brought within the scope of
the commercial progress of the gas in
dUstry in cities where climatic conditions
| demand more or less extensive heating"
Mr.. Krippner declares that this is the
| legitimate field for gas. and a wholesale
market.
Washington Railway As were the fea-
lures of the limited local trading yester-
day, $500 changing hands, all at So. Po-
tomac Consolidated IS, 100
Mergenthaler, nc.
a sale of Riggs National Bank was
made at SIS.
General Manager Doyle, of the Wash
ington, Baltimore and Annapolis Electric
Railroad Company. attended a meeting
OF the directors Of his road held in
Cleveland, Ohio, on Saturday.
The Washington, Baltimore and An