The Washington times., 1914-04-09


I'd the BANKS Viii Semain open TO-
HorToH.
Regarding the absorption Of the
guitable Mortgage and Trust company
Baltimore by the Munsev Trust Com
ny of that city. the Baltimore News
yesterday says:
The Munsey Trust Company OF Palti-
orc has absorbed the Equitable Mort
age and Trust Company, and the two
1anciaI institutions will be merged as
pon as legal formalities en- be ar
nged.
The deal is the result ofnegotiations
nducted through the banking house Of
Tiddendorf. Williams & Co, and in
Olives S931.Ja
The price agreed on for the stock Of
'Ns Equitable Mortgage ard Trust Com
~ is sl25 q share.
Ionn r. Bland. president. and Robert
Mooney. vice president, represented
Equitable Mortgage. and Eugene L.
orton- president; Stuart Oliv er. chair
NAN Of the executive committee, and
acob France. a member of the board.
presented the Munsey Trust Company
ru the negotiations.
NJ Mooney win be elected vice
r csidcnt of the Munsey Trust Com
ANY. in charge of the banking depart
1ent: Mr.. Norton will continue presi-
'0nt of the enlarged company 1t is
kely that some of the more active
mem hers of the board of the Equitable
Mortgsge and Trust Company will join
the directorate of the Munsey Trust
COMPANY
Tho. deal was conducted with such
secrecy that the financial district did
not have an inkling of what was trans
o. ring until the details were completed
day
The Equitable will be liquidated
ID IT is estimated that the assets
the institution will be sufficient
pay the purchase price of the stock.
is not contemplated to increase the
.pital stock of the Munsey Trust
ympany, which is s1.000.o00.
When il became known that deal
'etween the two institutions had been
Jiry for the stocks of both, and they
aveloped pronounced strength
The Equitable Mortgage and Trust
nmpany has deposits Of si,760, 600,
d ia du" course these will be trans
red to the Munsey Trust Company,
"ellinE the deposits of that institu-
m to approximately s4,000,oO0.
ru the Absence OF the president Fair
3 Harrison. Jtn2r OFFICIALS of the
.,.tnern Railway CoinplnE today dc
ned 10 comment IN the charges read
th' Senate yesterday lay Senator
'Iulan. I" the eff.-'. that the South
~r had been "miIkcJ' Of at least
90 in the same manner that the
Haven is said IL have been loot
m recent years Mr.. Harrison is
NPw York on business affecting TIE
,Ithern and ill not return u Wash
Cton till tomorrow.
C"mmitte" from the Wash 'ncton
oaring House Association today is
.~siderin- the Inatirr of discouniing
ner IN Vicw Of the rev currency act
ides bein= II cvnfur=n. as quickly
possible. to the Tari"us details of
new laE. C'fc committee will as
-taiu What srnfIinrr, exists in ether
Ncs, and later q r").nmc nda ton will
made to the Washington banks. \
citing of IL" FSsGciat!on was held
s'rrGay, when the Committee y;as ap-
antcd \ cornn.it:e, also vas ap-
Inied to consul. Nth Secretary Nc
'."o relative % tn deposit in loC al
ukS OF District TAX money. some
ing like si.caJ. 30 Was deposited in
ashington banks bv the collector Cf
ECS last Ma.
Formal request for the regula~ list
"I the Washington Stock Exchange
the authorized issue OF $685. 900 of the
per cent bonds of the Capital
ra,iior Company. has been made by the
.uuany. This step was taken. follow
the approval of the Public Utilities
numission of such issue. This brings
total bond issue of the company TO
s'-"VV.Vpu H.dTh NO ANNOUNCEMENT
80 been made yet as - how Or when
"sp bonds will be marketed
IN important meeting of the Wash
Ei"u Chapter, American Institute of
mixing. viii be held in the chapter
~'ms. 12it r street northwest, at s
'l"cl tonight. Charles A Douglas will
liN"r 4 lecture. Delegates "a the con-
'nti'n Of the American Institute Ot
''aEkInk, in Dallas will Re nominated.
81 several constitutional amendments
n ~ h., sCtc,I unop