Evening star., 1914-10-01
DAYS DISBURSEMENTS
NEARLY TWO MILLIONS
Local Trust Companies Are to Cen
tribute $328, 900 to the
Gold Pool.
Share of National Banks of City
$422, 2,OOO-Important News
of Financial World.
BY I. A. FLEMING.

disbursements today were the largest
of any one month since July. when
many semi-annual dividend and inter-
ests payments were made. About ST.
100000 passed from corporations and
banks to investors and back to the
banks again.
In addition to the regular quarterly
and semi-annual payments. the final
redemption of the 100000 Columbia
Railroad Company's 5s, and like
amount of Is was under way. OF this
entire issue payment had been antici-
pated on s1sO,000.
The Riggs Realty Company retired
$4,000 of their per cent bonds. under
the provision of the mortgage, which
requires this sinking fund provision.
The largest single item in the dis
bursements, aside from the payment of
the Columbia railroad bonds, was made
by the Capital Traction Company.
81 80. 900. being l Il per cent on its S12,-
100000 capital stock.
Trust Companies Share.
The trust companies of the city will
contribute $32s,O0O their proportion
Of the gold pool allotted to Washing
ton, provided it is all called for. The
six trust companies subscribe as fol-
lows: American Security, $SS.0OO: Con-
tinental Trust, $4,000; Munsey Trust,
$4,000; National Savings. $4,000;
Union Trust. $4,000. and Washington
Loan and Trust, $4,000.
The contributions were based on "a
per cent of net deposits. National
banks contribute the remaining S422,-
900, completing the allotment OF S'oo'-
900.
AS suggested yesterday. the manage
ment of the pool will sell foreign ex-
change to individuals and parties re,
quiring it, and the profit of the pool
will be the recompense to the banks
contributing.
The New York committee has arranged
with a number of institutions in that
city to advance gold for shipment to
Canada in anticipation of the pool con-
tribution. Applications for foreign ex-
change must be made to the committee
before 12 o'clock each day and pay
1nent will be made with checks to the
order of gold fund committee.
Thirty-Second Anniversary.
Thirty-two years ago the firm of
Crane, Paris & Co.. investment bank
ers, began business in this city. The
original members of the firm. Augustus
Crane and Albion X. Paris, are still
with the firm, active and energetic,
while new member, Eugene E.
Thompson, was admitted nearly Two
years ago.
The firm has large following among
the investors of the city and elsewhere
in the east, has safely weathered all
storms, and enters on it's thirty-second
year in business with the best wishes
Of a host of friends.
"Buy Bale of Cotton
The suggestion is made that a move
ment, similar to the cotton demonstra-
tion. be started as in line with reliev-
ing the stock market-"Buy a Baby
Bond" Buy a Share of Stock" etc.
In this connection it is worthy Of in
terest to note that Sir Charles Macara,
president of the International Cotton
Federation, commends the "buy bale"
movement, as it would be world
calamity if the south was forced to
sell it's cotton at to cents a pound,
"the cotton growers of the south were
ruined"
Financial Gossip.
Government authorities will be great
ly surprised by the effect of the war
en- the income tax. It may, with the
lessening revenue from spirits. cause
further taxation.