The Washington times., 1913-03-12
NEW FINANCIAL
HOUSES TO OPEN
Two New Banks to Be- Ready
for Business Within Month.
Loan Concern to Open.

Two new banking houses and a new
financial house will be open for busi-
ness before the first of the mopth.
The Dupon circle branch of the United
States Trust Company will be opened
April l: the temporary banking house
of the new Security Savings and Com
mercial Bank will be opened on the
east side of Ninth street, between q
and III streets, within two weeks, and
the newly organized Real Estate and
lR1 II street northwest, Southern
building. on Saturday and open for busi-
ness on Monday morning
The contractor OF the building for the
United States Trust Company at Con-
necticut avenue and Dupont circle is
hurrying his work to completion. The
directors of the company have deter
mined that they will open the branch
for business on the morning OF Tues
day, April /. The present branch is
located at l1S6 Connecticut avenue. The
new quarters will be far more COM
modious. The company is making spe-
cial provision for the accommodation
of women customers, as the new bank
ing house will be in the very center of
the fashionable residence district of the
city.
Julius l. Peyser, who is to be presi-
dent of the new Ninth street bank. to-
day announced that the Institution ex-
pecetd TO open for business within the
next two weeks:
The Real Estate and Loan Company.
recently organized, has already started
business in the office of Richard E.
Claughton. secretary, in the Southern
buildin. but has just obtained perma-
nent quarters by leasing the offices at
1927 II street The company is en-
gagged primarily in buying second trust
paper.
Alterations to the banking house of
,he Union Savings Bank are now al
most complete, also. and the new mar
bile fixtures are rapidly being installed.
Trading on the Washington Stock
Exchange was light today. The heavy
investment buying of the past few
DAYS was lacking. Both Capital Trac-
ton and Washington Railway stocks
to better levels. Railway common sold
at S5h. A block of sixty shares OF
Mergentheler sold at 2lS. A quotation
lot Of Federal National Bank sold at
l3S.
The directors of the Eastern Light
and Fuel Company have declared the
regular quarterly dividend OF per
cent on the common stock payable
April / to holders of record March 10.
March is and open at 10 a. m March
20.
The optimistic attitude of William
B. Hibbs toward the new Administra-
tion was again emphasized in the
Washington stock dispatch OF w. b.
HIhbs & Co. TO New York brokers to-
day.
coming more evident that the drift OF
sentiment toward the new Administra-
ton is favorab ble." the dispatch reads.
Confidence is being established, espe-
cially so far as the executive branch
is concerned. The business-like meth
ods involved by President Wilson are
appealing to every one coming In con-
tact with the White House. Pacihca-
ton and harmony are in the air. Will
lam j. Bryan holds out the olive branch
to the old Cleveland Democracy. ChSmp
Clark has only to ask President Wilson
for what he wants and gets it, In re-
turn, he assures the President that he
will join in team work at the Capitol.
THE new Attorney General is regard
ed in the most favorable light. A very
by chief Justice White when he was
presented to the Supreme Court last
MLonday, and study of the chief JUS
tees words shows that he meant 10
express confidence, born of experience,
in the Judgment and attainments OF the
Attorney General.
ITO be sure. there is some unrest in
the Senate, but it is due largely to petty
jealousies of Senators over committee
assignments and to factional distrust,
which will give way to treatment when
President Wilson takes the matter in
hand.
I'm Washington, for the present at
least, and until the tariff looms as a
disturbing factor. everything is lovely
and the goose hangs high
That financial affairs in Washington
are particularly fortunate as compred
with conditions in New York nd else
where was pointed out by bankers to-
day. With fairly tight money elsewhere
money in Washington is easier than II
has been for several months, one bank
er declared. So far as local business Is
concerned business men are hardly
aware that conditions elsewhere are
disquieting.