The Washington times., 1913-06-01

September !. 1914. in connection with
the receivership proceedings.
Eugene z. Thompson. Of Crane Par
rIs & Co.. private bankers of this city.
who recently was one Of q. party Of
bankers, guests Of william Solomon &
Co., Of New York, to make tour OF
inspection Of the New Orleans, Texas.
tenn. points out that the troubles Of
the Frisco were due In considerable ex.
tent to the deficit Of that division OF
the system. though he is entirely op-
timistic Of its future. The division Is
ns% road h.n he point, pns,n out Sebnd and the
earnings have been steadily increasing.
and the line Is through one OF the rich
est sections of the country. A com
mittee has been named to protect the
bondholders Of this division. but as yet
the committee has not asked the deposit
Of bonds.
The caustic statement Of NJ. daily de
verneuil. syndic Of the Agents de
Change de Paris. concerning Ameri-
can financiers. provoked by the news
Of the Frisco receivership, reminds q
Washington banker Of a story told him
by q prominent New York financier
who advocated q large central bank
for the United States az q means to
:1,e,, :1Iye the N monetary e. The Hns
bank plan that caused him to abandon
II came from q Bank Of England Off
cial. he related your scheme ID ad-
mirable,' wrote the British banker, IF
you can find five Americans honest
enough to manage It."
The New York actual bank statement
shows the following changes for The
past week: Surplus, increase, N,S15. $50:
loans, decrease, IS. IS, 900; specie, in
crease, e467 .0p; legals. increase, $3.50 O00;
deposits, decrease, N.so2. 900: circulation,
decrease. $4,000; surplus. reserve. &8.-
Secretary Of State William Jennings
Bryan will be one OF the speakers at
the annual convention Of the New York
State Bankers' Association to be held
June Il at Ottawa, Canada
washington bankers who have been
called upon to supply bonds as security
for Treasury deposits Of District tax
funds will be interested In q booklet
Just issued by N. w. Halsey & Co.. CT
types @ o. q securities % Which which the he's state at ' Ct
New York has officially designated In.
ysstments for savings banks and trust
funds.
For the month Of March the operating
income Per mile Of line decreased 31.3
per cent for the railways OF the East.
increased 66 per cent for the railways
Of the South, and increased ~ per cent
for the railways OF the west, as COM
pared with March. 1917. The average
for the railways Of the entire country
decreased - per cent.
This operating income for the 22.066
miles Of line summarized by the Bu-
reau Of Railway Economics from the
reports Of the railways to the Interstate
Commerce Commission aggregated for
the month LIZ, n. or $236 per mile OF
line. which h equivalent to $7.67 per
mile Of hne per day. Operating income
= that proportion Of their receipts
which remains available to the rail-
ways for rentals, interest on bonds. ap-
preparations for betterments. improve
msnts, new construction. and for divi-
dends.
The agsragsts Of the total operating
revenues for the month was S2ll, ,0lS, ,sls,
an increase Of W.te4z71 over March.
lel1. The operating expenses were
e1N, ,23k1H. or 81. .lA Is more than for
March, lSl2. The net operating revenue
was ee1.slA. .esl. or $l30.1el less than for
March. 1919. Taxes were 80, as, 1Ss. an
incrsase Of IL per cent per mile Of line
over March. 1Sl2. leaving the operating
income - per cent lees per mile Of line,
~ stated.