The Washington times., 1913-08-19

WILL REPRESENT
WASHINGTON BANKS
John Poole Is Designated Dele
gate to Chicago Bankers
Conference on Currency Bill.

John Poole. president of the Federal
National Bank and secretary of the
Bankers Association of the District of
Columbia. will he the representative of
the latter organization at the meeting
in Chicago Friday, called by the cur
rency commission of the American
Bankers Association TO discuss the
currency bill.
The Washington Clearing House As
scciation will meet this afternoon at
4:30 O'Clock at the clearing house to
choose a representative of that aSsO-
citation.
Representatives of the bankers asso-
Citations from all over the country and
of the clearing houses in reserve and
some other cities will gather for a full
discussion of the banking bill now be-
fore Congress.
While Mr. Poole will be the represen-
tative of the local association. he will
not have authority to bind il in any
way, for the organization has not held
a meeting to discuss the bill and mas
taken no stand upon it
The Washington, Baltimore and An
napolis Electric Railroad Company had
a better July this year than last, ac-
cording to the statement for the month
Just issued. The gross operating rev
enue increased $6,2SS.59, the net increased
s, ,95S. 81, while the net income increased
81, 1911.
For the seven months to July 81 this
year, the company had a gross operat-
ing revenue OF $472, ,4Sl.S9, an increase OF
S35, 81 over the same period last
year, the net income during this period
showing an increase Of $2,S6l.5S.
The percentage of operating expense
to gross operating revenue for last
month showed Il slight decrease as com
pared with the percentage for the
seven months period. being 49, per
cent for the month, as compared with
5l4 per cent for the whole period.
The statements for the month and for
the seven months of the year to July 81
are as follows:
Month Of With 1872.
July 1918 Increase.
Gross operating revenue. 81 I1l.l7 s. 25S, 50
Operating eXpenses.-.....-.. j.. ioz.oS S'-S"--S
Net operating revenue. S6,4lS.59 2.95S. "a
Miscellaneous income ...-.. 4S.lt 'I'V'l'
Gross income ............ 8s,A2.O6 2,7ss,15
Deductions from income for
taxes, interest, &c-....... 8,S44.S6 l'Ui.it
Ne, income ................ I2O67.lO 1.76O. Il
Percentage operating expenses to gross op-
Grating revenue, 1883.
Decrease.
Comparison
Months TO With 1872
July q. 1913. Increase
Gross operatinE revenue S472 4Sl.S9 So, ,533. 81
Operating expenses 2f3, O34.2S y. $40. SO
Net operating revenue. 229, A7.6l 1872. =
Miscellaneous income 3.iA.I2 jay
Gross income ............. 25S.2S2.S5 l4'Vz a
Deduction from income for
taxes, interest, &c........ l671iOlS n'fVoSo
Net income .............. 654s215 2.Ss15
Percentage OF operating expenses to gross
operating revenue. 5l.43.
Trading fell fiat on the local stock eX-
change today. only two sales being re-
corded. a quotation lot OF Capital Trac-
ton, at 1854. and one Of Federal Ma
tional Bank at 1875.
No announcement regarding the dis
tribution of the $50, 900 Of Government
deposits nor of any possible participa-
ton by Washington banks in the dis
tribution was made by the Treasury
Department today. and inquiries at the
office of Assistant Secretary Williams
brought no definite information relative
to the time when such infOrma ton
would he given ont