The Washington times., 1913-05-06
TO ANNOUNCE TAX
RECEIPT DEPOSIT

John Shelton Williams. Assistant
Secretary of the Treasury. has COM
pleted the apportionment Of the A.ooo.-
O0o tax receipt deposits to be made in
the local national banks this month, It
was learned at the department To-Day
ana ii is expected that the official cir
cular on the matter will $50 into the
mails today.
While no announcement Is Delhs
made in advance of the issuance OF the
official letters of notification. there IS
no secret about the fact that the Danhs
will receive s4, O0O, 900 of the tax receipts
repayable in eight installments. The
depa rtment's announcement VIII cover
the list of bonds to be accepted by the
Government in security for the deposits
and the individual apportionment.
There was little OF interest IN todaS 8
session of the local stock exchange, the
trading covering only 1850 In bonds ana
= shares of stock. and prices showing
no important change.
cphone Company have declared a quar-
ierly dividend of Ia per cent. payable
May Is.
Announcement was made on the local
stock exchange today that the govern
ing committee had struck the bonds
and stock OF the Colonial Beach Com
pany from the exchange list.
Construction of the Drum Point rail-
road line. the project that has been dis
cussed for the past thirty Years, now
seems assured Il actual execution al an
early date, according to reports from
Baltimore. 1ncorporators OF the Balti-
more and Virginia Railroad Company,
which now controls the situation. are To
N Ia fnm0rrwn
p!ete organization. According 10 Hy-
land p. Stewart of that city, one OF
those chiefly Interested, the required
amount OF capital stock has been sub
scribed and its needed proportion OF
cash paid in to permit a complete cr-
canization and the discussion and de-
velopment of future plans along ccn-
crete lines. The company Is inCorporat-
ed for $2.Ooo.Ooo. The State law requiI es
that 10 per cent Of this. or 500. 900. shall
he subscribed and 10 per cent OF the
subscriptions or $1,000. be paid in
actual cash before further steps can be
taken. The required $4,000 has been
paid he says. and Is now on deposit
with the Maryland Trust Company. as
trustee.
The proposition is to build 2 line from
a point near Millersville. in Anne Arun-
dell country. to Drum Point, on the
Potomac river, in Calvert county,. The
counties of Anne Arundel and Calvert
Jointly iii the stock OF the company.
Those projecting the line hone to have
that sum available as soon as the work
has shown definite progress.
Millersville is the first station on the
Washington. Baltimore, and Annapolis
Electric Railroad Company's line to
Annapolis south of the main line be-
tween Washington and Baltimore
According to Bradstreet's there were
l.145 failures during April. against l.oIs
for April of last year. The liabilities
in April aggregated $l7.I5 .04s, an in
crease of q per cent over the like
month of last year, but a decrease of
q per cent from April. 1910 In the mat
ter of liabilities. indeed. April this year
makes a better showing tnan in April of
at least four preceding years.
There were twenty-nine fewer fail
ures during the first four months Of
this year than last but the liabilities
this year are 81, 2,S16.0Co Or 10 per cent
larger. Compared with 1870 the number
this year is q per cent greater while
the liabilities are Il per cent larger.
Compared with 1908. however. failures
are per cent fewer and liabilities
are 20 per cent smaller