The Washington herald., 1913-04-08
Observation-Disclosures

| there have been four, perhaps FIVE, new
banks started in Washington.
Mr.. Peyser and his associates have
host of friends, and the success Of the new
institution, when 1t moves into it's perma'
nent home, Ninth and G Streets North
west. is assured. Callers paid their re-
spects to Mr. Peyser and Cashier Baltz
Many new accounts were opened.
Better than expected was the verdict
of the president.
Time for ConsOlidatiOas.
With the advent Of the thirty-third OF
thirty-fourth bank in the District, II
would seem to be about time to call hold
enough.
1t is the time for consultations.
II would also seem as if IL were time
for the Comptroller of the Currency to
exercise his right and refuse to issue fur
ther charters. under the national banking
act. on the ground that the field is filled.
Consultations are going on elsewhere
with excellent results to shareholders OF
combining institutions. One of the great
est handicaps to mergers is the matter Of
real estate holdings. Expensive buildings.
with but little utility other than as a bank
home, work constantly against mergers.
Local Securities.
1t was just about as dull day as
possible on the local exchange. President
Woodruff was absent and Vice Chairman
Bell presided. Gas was a little firmer.
Mergenthaler was strong at Els II, and
Railway As were wanted at Sc 1-2.
A sale of Potomac Insurance stock was
made at es1-2 At the companys Office
there is a standing bid Of so.
Chapter News.
After the lecture by Prof. Charles A.
Douglas tomorrow night, delegates to
the Richmond convention will be elected.
Two weeks from tomorrow night the
election of officers will be held.
Prof. Douglas will continue on the
subject, Negotiable Instruments"
Correspondents Optf,niatic.
William A. Mearns and Benjamin
Woodruff. of Lewis Johnson & Co., at
tended an annual dinner in New York
on Saturday night of the correspondents
OF Post & Flagg. the well-known New
York banking and brokerage firm. The
twentieth anniversary was celebrated.
After the dinner the correspondents
were called upon for their views Of the
situation and the outlook with regard
to business generally and security trade
especially.
The Western and Central representa-
tives, men from Chicago. Cleveland. In
dianapolis. Cincinnati. St. Louis. and
Pittsburg, were generally optimistic in
their views on business generally, AMI
decidedly cheerful on the security situa-
ton. They did not think that the tariff
changes would materially hurt business,
which is now excellent, and that. with
the great harvests of 1872 garnered and
the promise of a bumper crop this year.
would do an immense business
and be able to maintain dividends. That
the investment on speculative demand
would be fair in stocks was also con-
coded.
The local representatives failed to take
such a roseate view of the situation, be-
ing made conservative by the fact that
tariff bills have always. affected trade
one way or the other-by the indisposi-
ton of investors to get into the game. and
by fears of further drastic legislation,
believing that the low levels
ought to prevent any serious recessions.
Again.
Lawson. Of Boston. has another screed,
in conservative papers-snd il will have
little effect.