The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1913-04-24
has the least loss of capital, has also
the highest net earnings per 500.
VIII Be Bright.

the highest net earnings per 500.
VIII Be Bright.
Messrs. Doherty & Co. express the
opinion that when the general Pubic
realizes that as a group public utility
securities are safer than railroad securi-
ties, these public utility securities VIII
become perhaps more popular even IMAM
are railroad securities.
The first effect of this increasing popu-
larity of public utility securities would
be an enhancement in the market value
of issues now outstanding, which would
profit those who have invested IN them.
But the ultimate effect of this Increasing
popularity, due to a realization of rela-
utilities will be able to finance their flu
ture extensions at very much lower
rates than they now have to pay. In
other words, it is today disproportion-
ately expensive 70 get the additional
capital necessary to increase the facili-
ties of public utilities demanded by the
growth Of the service to the public: but
by the investing public realizing the
real merits of public utility securities the
costs of getting additional capital to
meet extensions will be much reduced
as they now are for railroads, and this
will profit the communities served by
giving them a broader and better service
at a lower cost.
Washington investors have acquired
and followed ten utilities faith for years
past.
Local Securities.
There was but a limited volume OF
trading on the local Exchange. Prices
anything Washington Gas was a bit
easier at IS 3-s; only odd lots Of Rail-
way and Electric sold. but both were
held very strong. Mergenthaler firmer
at PIG, Lanston steady at "a "a.
In the bank shares National Savings
and Trust at 267 and National Bank OF
Washington at $40 completed the list
Potomac Consolidated IS sold at l0l.
Railway Is at So rs, showing a small
betterment, and Fraction IS 100 81
The Continental Trust Company has
made application for the listing of its
capital stock on Change, and will soon
ask for a listing of the Chapin-Sacks
bonds
RemodeIinE Completed.
The Union Savings Bank has completed
the remodeling of its home, and is now
housed in one of the handsomest bank
ing rooms in Washington.
The entire north side of the big bank
ing room is taken up with the cages OF
the various tellers and bookkeepers.
Handsome marble and brass work are
used in the exterior from the floor up.
President Parker has his private quar-
ters on the east, while almost Immediate
ly on entering the bank, right ION the
firing line" is Cashier Bowmans desk
and the asher in person. The rest of
the south side of the banking room has
been thrown into the general lobby. back
nearly to the vaults, where there are
desks for the convenience of coupon cut
tiers and others desiring privacy.
No expense has been spared in the re-
modelling, and for the first time since
the National City Bank moved out of
the quarters, they look like the real home
of a real bank and in thorough keeping
with the many beautiful banking rooms
OF the city.
Telling Loses Ont.
Through the consolidation of the First
and Second National Banks, of Pittsburg,
Oscar Telling, former chief of the Divi-
sion of Reports under the Comptroller of
the Currency Murray. and president of the
First National Bank, gives place to one
of the Kuhns. MI. Telling was well
known in this city and went to Pittsburg
with strong recommendations from the
Comptroller
The Second National Bank has been
named reserve agent for over $50 or 800
banks within the last day or two.