The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1914-05-30
nance and Commerce

Of the Mexican people who are WORKING
hard to better conditions In that IN
Fortunate country.
III 1t sheuld b possible to settis II,
Mexican dimcuaties. within few months
% that this country could be relieve<
better government in Mexico the develop
ments would have immense signincaacs
here This y certain to come after 5
While; the. change may be effected sooner
than has been looked for"
H. ana r. csnps<tes Fi.a.ein9.
Financing Of the Haserstovn and Fred
erick Railway, Company has been com
pleted and the new company has .. CAPT
talixation OF S1o0oo00 common and q
10000 preferred stock. OF the latter 3eas,
/ 900 has been imued The authorized
amount Of the FIRST andS refundine mort
gage IL uo.ooeooo. Of which. $4,000 pc,
cent thirty-year, bonds viii be offered ii
sig
The company was formed by the con.
solidation Of the Frederick and Haeers.
town Power Company. the HagerstoRn
heyersyiile Railway Company. the Hag.
erstown- and Boonsboro Railway Com.
pany, the -Meyersville and lCatoctin Ran.
way Company. the Hagerstown and
Northern Railway Company. the Fred
erick Railroad Company. the Frederick
and :Niddletown Railway Company, the
Monocacy Valley Railway Company, and
Frederick Gas and Electric. Company.
In addition to the light and power busi-
ness the new company will operate eighty
seven miles Of railway. serving the most
thickly populated rural section of Mary
land The operating companies in 1s1a
- 80
providing for all charges. and 1t 10 ex-
pected that for 1914 there WI be shown
. surplus Of $4,000. The common has
been pooled In voting trust Of which
Van Lear Black and Frank A. -Fusst. of
Baltimore. and Emory L Coblentx, of
Frederick. are trustees.
8. r. Co. Now orxaniaea.
An agreement Of consolidation has
Generating Company. Of Fredericksburx.
the Fredericksburg Electric Company. Of
fredericksburg. and the Virginia Light
and Power Company. Of Ashland, Va
The name Of the new company In the
Spottsyvania Power Company.
The consolidation viii be effected June
l. The directors of the new company
are William C. whitner. Rockhill, 8.
C.; Henry w. Anderson. Richmond, Va;
SuoBe AVN T. EmDrey, h. q. Northrop,
A. p. Rowe, and C. W. Jones, Fredericks-
burg; e. L. c. Scott. Ashland, Va
Officers: President. william C. whitner;
vice president and treasurer, H. g. North
rop; secretary. @. B. williams, Rich
mond, Va.
The principal once of the consoiida ted
company win be In Fredericksburg. The
maximum capital will be q. ooo, 900.
Clearings show Gain.
Washington Clearings for the month
of May are $s2A7.es.s. as against ST.
z2s.ls7.ss for April, gain Of SIS. ~. e.
Clearings for May, 1873. were 81, sl5,-
1s.3. The difference largely IL due to
today being holiday and tomorrow
being Sunday, making a mort month.
Trading In the Washington Stock Ex-l
change yesterday was confined to eight
shares of Mergenthaler at zs 5-s.
For Capital Traction 1oo1-S was bid,
Railway common. S1-2; Railway pre-
ferred. So IA, and Washington Gas, a.
PRECEDENT Chaplain. of the Commercial
National, and President Poole, of the
Federal National. win represent their re-
spective banks as electors to vote for
the Fifth District reserve bank director
ate agreed upon In Richmond -
The Aunsey Trust and the Security
and Commercial have been ad-
mitted to membership In the District
Bankerf Association.