Evening star. [volume] (Washington, D.C.) 1854-1972, 1915-12-12
BY I. A. FLEMING.

The executive committee of the Ameri-
can Bankers Association again reVerts
to the charges made by the controller of
the currency that many banks throughout
the country have been guilty of demand
ing usurious rates of interest. The COM
mittee holds that the controller has been
unfair to the banks.
1t is pointed out that in New York
state there are nine guilty national banks.
whereas the total national banks in the
state is AIS.
at is a fair assumption says the COM
mittee. that the nine offending banks
are small institutions. with small part
smaller proportion of the $1,5So,ooo.ooo
loans and discounts. In Massachusetts
there are three offending banks out OF
40; in Virginia there are aVe out OIL
136.
"In Georgia sixty>six out of 113 are
offending banks The capital stock OF all
the national banks in Georgia is but
- per cent OF the capital OF the 'on-
tinenta al Commercial National of chicago
$500, 900 in addition to which n big hoiS-
approximate the loans and discounts OIL
the Irving National of New York.
Until the controller has reduced his
statement to some form that Will SHOW
ing banks in the banking world. he
will be doing an injustice to the great
ma jority of national banks which never
violate the uSury laws and lend money
at rates of interest far below those
forbidden by the statutes.
American Graphophone.
The earnings of the American Gra-
phophone Company for the ten months
Sh0LEp1
per cent protf.s on s1,0O0,000 worth of
business At the close of the present
calendar year the company will have
untitled orders on it's books for over
100000.
These orders are not only for the
Little Wonder records. in part. but are
tured by the company, for the sale of
being carried out.
New construction work is calling for
ness campaign Blnd is being provided.
campaign fund is being provided.
The corporation has now an anthor
lied bond issue of 81 1880 first mort
gage per cent gold bonds, of which
about 100000 remain in the treasury
of the company.
1t is now proposed to sell these bonds
to furnish further sinews for agGres-
SlVe handling OF the business, ana tney
will be offered through a Washington
syndicate, Crane, Paris d Co. and w.
b. Hibbs & Co., at price that will
doubt prove attractive The company
has also outstanding s49.410 special de-
benture IS, of which S26, geo viii be re-
tired with the end of this year.
1t is the intention of the American
Graphophone Company TO list the bonds
on the Washington Stock Exchange.
Greene Cananea's Strength.
Greene Cananea Copper shares were
decidedly firm yesterday on the New
York exchange, advancing to Az, as
compared with closing Friday at 43ia.
The stock is listed on the local eN-
change, and there has always been
more or less interest locally in the ac-
ton of the market for these shares.
Great Steel Business.
Just wnere the enormous orders that
have been booked by the United States
Steel Corporation are coming from, or
rather where the finished product is
bound for, is a matter of general in
terest.
Shipments in November were 1900
tons daily, and the incoming orders
$1,000 tons a day, exceeding any bust
ness so far booked by the big cor
poration. In October and November
it booked 10000 tons of new business
daily, also a record.
Seven months of great activity is as
sured on the untitled orders now on
the books of the corporation even
should the business drop off at this
time, of which there seems little or
no probability.
Probably a very large part of this