Evening star., 1915-01-13

Net material and supplies
adjustments .......... o'Vso
Surplus at close of year......... s151,49o
NOrE.-cents do not show In the report, but
included in the totals.
Comparative Figures.
The report of earnings and expendi-
lures for 1918 Is given herewith for
purposes of comparison:
Passenger revenue, s2,2s5, 1854: to-
tai from transportation, $2,31O,1s5.77:
operating expenses (51056 per cent?.
.1,179.26s.91; net operating revenue,
s.130.ss6so miscellaneous income,
s12,2S6-34: gross income less operating
expenses, s1,l43,1S3.
Taxes. s11s.197.05: taxes, special po-
j e, S1S,3s2.5o; interest on bonds. $685.
9.9c. Dividends paid. S720.000; sur
p'us last year, s3,0o3.e6: added to the
surplus of the previous year, ss2,o23.37.
Local Securities.
There was a decided revival of in
rest today on the local Stock Ex-
cnange both in stocks and bonds, with
prices well maintained. Washington
Gas SIS were little firmer, selling at
1o3's; Railway As remain steady at
St4. Capital Traction SIS showed bet
ter strength, with sales at 107. In the
stock list Washington Gas was the
leader in activity at 76A, a material
Improvement on the first bid prices Of
the week. Railway preferred also
showed on the sales list for the first
time since the resumption of trading
in stocks. ten-share lot bringing SO.
Announcement was made of the dec
laration of the regular IL per cent
dividend on the shares of the District
of Columbia Paper Manufacturing
Company, payable January 20 to stock
holders of record January Is.
Bank Elections.
Directors of The Second National Bank
met and reelected officers today as fol-
lows: Curo H. Rudolph. president: Wal
ter C. Clephane. vice president; Samuel
J. Prescott. vice president; John C.
EckloF. cashier. and Jacob Scharf,
assistant cashier.
Stockholders OF the Park Savings
Bank elected the following directors at
their annual meeting yesterday after
noon: George c. Altemus. Wade H At
kinson, Frank W. Bolgiano, Lewis f.
Breuninge Charles F. Bundy, Joseph
W. Cox, Henry F. Dismer, L. w. Estes,
John o. Gheen, Charles E. Gross, c.
Francis Jenkins, A. F. Jorss, Walter
". Klopfer, Bernard Leonard. C G..
Murray, p. J. Nee, George H. Peters,
Samuel j. Prescott, Arthur T. Ramsay,
William II. Saunders, Thomas Somer-
vile. j. Robert Sommerville. William
B. Todd. George E. Walker and William
D. West
All of the officers and directors were
reelected at the annual election held by
the stockholders of the Columbia National
Bank yesterday. The directors are Al
bert F. Fox. Charles b. Bailey, BENJAMIN
W Guy. William + Barker, Charles F.
Benjamin John Joy Edison, John A. Ham
tlton; David J. Kaufman. Benjamin F.
Leighton. John Mitchell, jr., Theodore W.
Moves, Il Francis SAUL Louis p. Shoe
maker, George W. F. Swartzell and
Brainard H Warner
They reelected the following officers:
Albert r Fox. president; Charles r
Bailey. vice president: Benjamin w. GUY.
wee president; Clarence Corsou, cashier
and Arthur n. Mitchell, assistant cashier
Officers and Directors Reelected.
Melvin G. Hazen and w p Richards,
surveyor and assessor. respectively. of
the District Of Columbia entered upon
new terms as president and vice presi-
dent OF the Columbia Permanent Build
ing Association Tuesday.
They were reelected together with
other officers. including Floyd E. Davis.
treasurer. and Clarence I. Gessford.
secretary. The board of directors, also
reelected. Includes Henry =. West. NJ
{. Haz@n. Clarence T. Gessford, Floyd
y. Davis, ". 7. Richards. Nathan Ha-
zen. John r. Murray. Alfred H Taylor
and Alpheus +. Riddle
G. Clinton James was reelected at
torney and DIR. Ernest NJ Colvin and
W alter g. Davis trustees. The annual
dinner Of the officers and directors will
be held at Congress Hail February
Bank of Washington.
In the list OF directors elected yester-
day the name of II. Clarence Duffy was
inadvertently omitted
Seeking Information on Collections
The Richmond regional bank has lust
submitted to the member banks a series
OF questions. covering the probab BILE in
suguratIon of check collection. one of
the functions TO be performed by the
reserve system for its members.
Each bank is expected to furnish a
reply TO the queries. The local clearing
house association considered the prob.
lens At Il called meeting. After iauch
debate, opinion was evenly divided, SO
that no unity Of action can be taken
Division was largely the result of the
relative Importance of one question
when taken in conjunction with the sub
seGucnt query.
Moreover some banks have much
larger number of banks on their list OF
correspondents than others. and this and