Evening star. [volume] (Washington, D.C.) 1854-1972, 1917-08-02
WASHINGTON BANKS
ENJOYING PROSPERITY

The general prosperity that has been
the good fortune of the United States
for the past twenty years has not
been confined to manufacturing and
agricultural parts of the country.
Washington. while purely a residential
city, has enjoyed its share. This fact
is evidenced by an analysis of the
banking business in this city, which
has been compiled by John Poole, presi-
dent of the Federal National Bank.
In 1897 the total capital surplus and
Undivided profits of national banks.
trust companies and savings banks
was ss.T01,00O, while on June 90. the
date of the last call of the controller
of the currency. the total was $751;
123.200.
Deposits Show Increase.
But even more striking than this is
the enormous growth in the past seven
wears The total deposits during this
period increased from S67,s46.000 to
Sos 253 OO0-a little less than s6,00o,0o0
a year.
with the advent of the United States
into the war. bankers believe that
Washington. being the center of all war
activities, will reap a financial benent
that will surpass any previous year and
probably a span of years. Much money
is deposited here and passes through
the Washington banks on account OF
of cantonments for the soldiers, and
there are a hundred and one other &C
tivities of the government, due to the
war. that are putting money in the banks
here.
Comparative statements of Washing
ton banks from 1897 to June 20 this
year are as follows:
Analysis of Reports.
CAPITAL. SURPLUS AND UNDIVIDED
Nat. bks. s4,sssooo ST.. 600 Is,ssl. 100 100
Saw. bks Sc. ooos 1.5ss. oOOf 2.341.aoo
Total. $500. 600 sc5.o7o,ooO $50, 1913 200
DEPOSITS.
Vat ssesss $ss ss
ssq. S SGs. 5000. 1i.7ss.ooo= iSisoooo
Total. SCI $4,000 ss7.s4e,ooo s1os, 25s 900
TOTAL RESOURCES.
Nat. bs.. 50, $4,000 ss.1s2.ooo s7sos5 900
Trust cos. 11.2s4. 900 s5.45s.ooo saoos eco
Total. SIS 900 500. oe4, 900 s151 1896 900
.Unoficial-Savings banks were not reporting
and publishing as they do now. 1909.
Local Securities.
inston Stock Exchange was another
bond day. These securities were in big
demand, but the holders were holding
out for bigger prices than most brokers
cared to give, Capital Traction 5s sold
$500 at 1881; the same bid failed to
bring out any more of the stock. When |
Washington Railway and Electric As |
were reached on the list two sales at |
77a. were made, amounting to $500. |
Potomac Consolidated IS sold $1,000 at |
90 Z, and one American Graphophone 6 |
sold at par.
The only stock transaction during the !
regular call was Twenty-Five shares of
Washington Gas. which sold at 73A. |
After call one share Of Capital Trac- |
ton sold at the prevailing price-s0.
W. r. and E. Co. Directors Meet.
The directors of the Washington
Railway and Electric Company are
meeting this afternoon to decide upon
what dividend should be paid the stock
holders at the usual dividend time in
September. The common stock has been
on a per cent basis for some time,
but the recent decision of the utilities
commission and the great expense the
company was under during the recent
strike of its employees has led many
to believe that the usual dividend will
be cut.
Several of the directors have said that
unless the figures presented at the meet
ing this afternoon warrant the continu-
ing of thhe per cent dividend they will
demand that it be cut
Shortly before the meeting Clarence B.
King, president of the W. R. and f. Com
pany. stated he did not anticipate that the
dividend would be cut
Central Savings Bank.
The Central Savings Bank began BUSH
ness this morning. after a reception last
night to the public by the officers and
directors Of the bank. The banking
rooms Of the bank presented a busy
scene all morning. and many accounts
were opened.