Evening star., 1915-03-25
NET EARNINGS Of B. 80.
FOR FEBRUARY SHOW GAIN
Increase as Compared With Same
Month 1914 Over a Million
Dollar10ther Reports.
National Bank of Washingto ton Stock
Leader on Local Exchange.
Treasury Deficit.



By l. "A. fAEMAN0.
i,r,,d s.r,inys
- S'e'"i '"''
continue - SNOW h"'te'i'e' "' ~
pared with those OF . year age al
though t that tine. poor business ana
,.nfoy,ralie weather were factors in
,.,,,',,f,',. a,,,rre from yr-ight and PAS
s"HEer operations
The iuil effect Of the advance IN eaSl-
eru freight rates has not been evil
sanc.i .s v-et .,lthouph they have now
- ,,,, having ueen
"'eh eH'o'''e w.
The February statement OF the B't'fi-
more md Ohio Railroad toHpany, as AN
ticiPatel from weekly reports. showed Q
i.!Itcrial increase in net earnings. ti'e
actual gain as compared with me earn
..ig.' Vt the same month In 1919 being
81 .00S. dIa. Economies have played quite
part in reducing the 1915 net losses
% many railroads. compared with .he
figures for 1914. Thus. although tne
u: 4 o. has suffered some severe losses
III gross earnings 1t has been able to
n!aae returns for the eight months OF
the tisr,l year ended with February net.
OF si6,410,as2. as compared with sl"'-
,rs - - n,ad.. Win = loss of 400. 0oo
In gross Tor the same perioa a -,
seven months Of th,. tiseai wear with
loss of a little less than s4O0 900 as
compared with the earnings. net. for
tie same time in 1914.
New foIk eeh'rai HaIiroau .on.
loss IN ,,rt earnings hut "otber in
come" from Lake shore and other
railroads. is about s2,5OO.o0O less than
In 1919
For the third week in March, Cana
dian Pacific showed n loss of $4,000
IN earnings as comDared with the
smic,r snGme a1d anr 'ae altsn sane lost sisooo ben.
yer and salt Lake lost SI.o4., missouri
,.a.7 ,tn.,3 S,a So e,i ror the same
week ana in comparison with the cor
responding week in 1919
Officials of the baltimore and Ohio
expect to close the hscai h xeal ".,m tIr;i a
IT,, Soou ,nd me- tmne % mater aIlr to reduce the
rross decresse while economies help
70 make The net earnings larger.
Tha r,iiroads are ordering rails a
ur,ls more freeiy. hut their financial
eohoit'oh n,'s .nd NO ordara tn en,,inmsnt
companies. which are DONG put n'tie
business -'hese 'a's
Lincoln National Bank Celebrates.
~, 1,,oo,r Na+;ona, Rank is TODAY
.,.h.,.,r. ;,s .u.snt,-srtl, anniversary
T., h,'s,nass Its ba mixing rooms were beau
.,,,,,ls .,.cn-atsd viii; nalm, and flowers.
, ~ th.n, contributions of other
harrars and of customers Of the Lincoln
Wa,iana,
pr..;,,sn, t1ovd r. Davis and Cashier
Albert S, Galley were busy receiving the
CONGRATULATIONS of depositors. Fellow
bankers and associate directors. "A rev
OF the directors remained at the Dank
most of the day to assist at the festlFitles.
no..
treasury Denct'
.eseip's a. 'ne
exceeded disbursements Marcn 20 oS
s292.745.Ss. decreasing the excess of
disbursements for the fiscal year 1915
81 .bIs date "a s105 seq rs as eomnared
" nus ue ~ 90.
witRr SoV'f..lo. IoF the nseai year isAf
to the corresponding date.
The excess of payments over re-
ceIpts for March % IN the general fund
Of s3S5OS S017.2
Need Not be Retired.
vreeland emergency currency must be
r.t,r.d bv Iune 40 because the act of
80 ~. ~ 49, a.n-
1sos expires on ,nat oa.e mas oeen gen,
States. there is no provision in the law
..IS,.,- a., ;,a.eni.. o;,c,l.t,o,
according to statement by Assistant
N"s i"e r'. - 80
80 - 80 ~ ,o,r
-.
strsmenf o. All or,sfandinR money Of
this class by that date.
The theory Of the law Is that as
money usually can be borrowed at a
lesser rate than the maximum Of s per
currency. banks will not desire to re-
rency beyond and. except in rare cases,
not even up to the time when the ad
vancing rates reaches the maximum.
isnd cnr,encv u'as issued I'm Ecc.n,her
and on this the maximum rate will not
be reached until after the expiration
OF .he iaw; Snouio .ne hoioe[s OF tnis
40 nent NJ MaiSurn sav. ne Inows
Of no reason why they cannot do eo
1t is possible that the matter may be
referred to tho Attorney General for
an opinion. Should IT be found that
this currency must be retired and
should any banks fail to retire all their
holdings of this money, the Secretary
Of the Treasury either would sell the
securities put up against the emerg-
suSJ SuiIsHSS VI Gail !oF ihVfu4 money