The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1913-01-12
MARKETS---FINANCE---COMMERCE

paratively steady on the belief that a
plan for disposing of the formers South
ern Pacific holdings had been found in
a proposition to buy Central Pacific and
paying therefor with Southern Pacific
stock.
appointing, although having no direct
effect on the market, which was closed
before the statement was given out.
The foreign situation, investigation
fever at rampant height, tariff revision.
&c, were factors of the greater i'm
pcrtance in making traders bearish. II
Is hard to turn this sentiment, even II
the big insiders have the stock, and
probably will make a market for It,
Bank for women Only.
Berlin has the distinction of being
the only city possessing a bank devoted
entirely 10 the interests of women.
having no male depositors or ofhcials
This institution is known as the Wom-
ems Joint Stock Bank. The venture
was started two years ago. and has
increased in popularity ever since. Any
German woman, at home or in the colo
MES, is eligible to become member
un the purchase of a share of stock, at
"a. to be paid in monthly installments.
Efforts have been made to attract
women who are in good financial cir
cumstances as depositors, thereby IN
creasing the funds available for giving
temporary accommodation to less we'll
OFF women needing aid in financial
crisis. In this way the project is pro-
noting camaraderies and strengthening
the bonds of sisterly feeling. Many
women who were helped by the bank
in starting or increasing their own
business enterprises are now valued
investors in the concern.
The bank serves another useful pur-
pose by advising clients on legal points
affecting business and money matters.
and many women take advantage of
the free consultation hour" 1t fire.
quently happens that women unac-
quainted with legal requirements and
unable to pay a lawyers fee drift into
the hands of INSCRIPTIONS persons and
are swindled. To these the bank stands
as advisor and friend in time of need.
The balance for 1911 was IS. EOS marks
$50, 800, and out of this 1000 marks
Csa4O was devoted to the furnishing ac-
count. The bank has received 800 marks
CS72) by requests. which has been placed
in the relief reserve fund. The managers
hope to pay dividends for this year
without retarding the development OF
the undertaking.
Until the woman's bank was started 4
was not possible for a married woman
in Germany to open a banking account
without having obtained her husband s
permission. No bank would admit her
on any other terms. This worked a hard
ship on married women whom unfortu-
nate domestic circumstances had forced
into business careers independently of
their husbands. The enterprise also has
furnished a further advantage by open
ing a new career for women as bank
employees, posts for which many are
proving themselves well fitted.
Negotiable Investments.
Beginning on January p, Charles A.
one OF the leading attorneys Of
will commence a series of
ten lectures before the Washington Chap
ter, American Institute of Banking, on
the subject. Negotiable Instruments"
The textbook for these lectures will be
Daniel & Douglas on Negotiable Instru-
ments'
1t is understood that the lectures are
exactly the same as given at the George
law school.
Mr.. Douglas is a forceful speaker, an
attorney of high reputation, and that he
has consented to give his time for ten
nights is a compliment to the young
men of the banks OF the city. He should
be honOred with a large attendance.
MISCELLANEOUS Matters.
The Georgetown Gas Company Of Mary
land and the Takoma Gas Company are
simply distributing corporations. the one
Of the Georgetown Gas Company, and the
other of the Washington Gas Company.
Baltimore gas interests are against 10
cent gas, and hoping for 50 or s. cent gas