The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1914-05-16
Finance and Commerce

member. In fact. he 10 the only member
of the board generally known through
tout the financial centers Of the country.
With the deciinatiou OF, Harry A.
Wheeler yesterday the President again
is afforded an opportunity to appoint
George E. Roberts- Mr.. Roberts Is q Re-
i publican and for that reason his selec-
tion has been bitterly opposed among
the politicians. and. % far. very success-
fully, REGARDLESS Of the fact that his
administration of the directorship of
the mint has been freer from partisan
ship during the last twelve years than
| any other bureau Of the Treasury De-
/ partment
! An Interesting story from Chicago is
to the effect that Mr.. Wheeler, who de-
ciined yesterday, Impressed with Mr..
Roberto pre-eminent qualifications for
the once. had Endorsed him for the posi-
| ton and requested the President to ap-
point him.
n. & o. Note Provision.
Through Kuhn. Loeb & Co. and speyer
& Co. the Baltimore and Ohio Railroad
Company has sold $35.0oo.0o0 Of its l..
per cent one-year secured gold notes,
dated June ], 1914 This issue Of notes
provides for the payment Of $e10oo.ooo of
notes maturing July / next. also makes
provision for the expenditures made for
additions and betterments durin@ the
current year and for the completion. of
work now under way. The principal
work now in progress is the construction.
at a cost Of approximately $500, 900, Of
two additional tracks between Cherry Run
and Magnolia, W. Va, distance Of
seventeen miles. oNthe Cumberland d.
vision. thereby completing a four-track
system between Cherry Run and Patter-
NH ha density NJ 7r q
greatest.
A. G. L. Income Account,
The income account of the Atlantic
Coast Line Railroad Company for the
Heven months ended January 81, 1914:
Rail operations revenues. s20.65s, sS7; Gail
operations expenses. sl4, LIS, $50; net rete-
nue-rail operations, &. &s, SIS; net deficit.
auxiliary operations, A.SSl: net railway
operating income, $5,SS5, 3o4; railway tax
accruals, 1924 900; operation income. q, s3l,-
304: total other income. s2,1l2,la: gross
income, SI.G3. rs; total deductions, $a,37S,-
4S3; net income, g, Isl. SOC; appropriations
Of income to sinking and other funds,
5000; surplus s, 752, 3o2
The following Is a summary Of profit
and loss account for the seven months
ended January 81. 1914: Credits, 81, s4s,-
se4; debts. H,545,sl2; profit and loss sur
plus, 81. ,o52.
One of the most thorough Inspection
trips ever made over the Baltimore and
Ohio Railroad system for some time will |
begin next week. President Willard will |
head the party of officials, who probably |
will visit every important point on the |
Baltimore and Ohio Southwestern. Cincin- |
rati, Hamilton and Dayton, and AFFILIATED |
lines.
The trip probably will occupy more
than two weeks. Whether it will be pro-
ductive Of any important changes in the
system Is not known at this time
The directorate of the Anacostia Bank
has elected the following officers: George
D. Watson. president; M. NJ. Monitt, vice
president; Maurice Otterback, cashier,
and DR.. r. A. Pyies. chairman of the
executive committee
Seaboard Air Line earnings for the first |
week in May increased E,ll. The in
crease from July Is s754.4l4