Evening star., 1918-12-30
SECRETARY GLASSCALLS.
HEAVY CASH PAYMENTS.
BY I. A. FLEMING.

BY I. A. FLEMING.
Secretary Glass has called upon the
banks holding public funds for re-
payment by tomorrow of large sums
of cash on deposit to the credit of the
government.
The first repayment demanded is 80
per cent Of the subscriptions to the
certificates of Indebtedness dated De-
cember 10.
The second call is for all moneys re-
naming in banks to the credit of the
government from the proceeds of the
installment on the fourth liberty loan,
paid in December 10.
Both of these calls will take consid-
cradle money from the banks.
The loss of these funds will be felt
and shown in the next bank call,
come very soon after the first of the
year and for December 81, in all prob
ability
The government is paying out it's
millions very closely these days. and
there is. not much profit to banks in
federal deposits.
Disbursements January l will be
very large on account of dividend
and interest payments, but these will
find their way into the banks again
in short order.
Victory Dinner Committee.
NJ. D. Rosenberg. president of the
District Bankers Association, and
also of the Bank of Commerce and
Savings. has appointed the following
committee of arrangements for the
proposed victory dinner, upon which
the association decided at their last
meeting:
John Poole, chairman; George w.
White, B. F. Saul, H. H. Mckee, w.
T. Ga1liher, Corcoran Thorn, Rolfe E.
Boiling, George T. Linkins, John M.
Riordan, Eugene E. Thompson. AL
bert E. Galley and Joshua Evans, jr.
With such committee a victory
dinner should be made very sue
ceSsfui affair.
Personal Mention.
Frank P. Harman, chairman of the
board of directors of the Commercial
National Bank, was in especially good
humor this morning over the return
Of Frank p. Harman. jr., from south
ern training camp to his duties at the
bank.
James P. Ryon, another Commercial
r.,
the bank this morning.
With the good old year 1918 the
capital issues committee and the vari-
Gus local committees in all sections
of the country will cease their activi-
ties, save on cases that may be pend
ing before them.
These committees have given much
aid and comfort to the main commit
tee. and due acknowledgment has
been made by Gov. Harding, and in
the fifth district by Chester A. Hardy,
chairman of the committee for the fifth
district.
Eugene E. Thompson and John Joy
Edison, the local committee, have been
congratulated on their work; In time
the requests refused and the number
the solicitation of the committee will
be made known, but it is safe to say
that the negative replies were in ex-
cess of the approvals.
In Anticipation of Fifth Loan.
Washington institutions have sub
scribed fofr s2,914.OOO of Treasury
certificates issued in anticipation OF
the fifth liberty loan.
The following tells the story of their
purchases:
American National Bank, 100000;
American Security & Trust Company
100000 Bank of Commerce and Saw
ings, $4,000; Columbia National
Bank, 100000; Commercial National
Bank, $105,000; Continental Trust
Company, sl14ooo LIZ District Nationa ationa
Bank, $4,000; East Washington Saw
ings Bank. $4,000; Farmers & Me-
chanics National Bank, $4,000; Fed
eral National Bank, S150,O00; Home
Savings Bank. s225.ooo; Lincoln Ma
tional Bank, 100000; National Bank
$4,000; National Metropolitan Bank
$4,000: National Savings & Trus,
Company, 100000: Park Savings
Bank. $4,000; Riggs National Bank
s500,00o; Second National Bank
mercial Bank. $4,000: Seventh Street
Savings Bank, $4,000; Union Trust
Company. s117,5O0; United States Saw
ings Bank, $4,000: Washington Loan &
Trust Company, $52,500; Washington
Savings Bank, $4,000. and sundry sub
scriptions. $1,000, d total of $2,914 900
Good Local Trading.
On the session of the local stock ex-
change business was very good and
as rule, prices were well maintained
Washington Railway As sold at 721 Il
to 73, the general 6s of the same COM
pany at 96ss, while Potomac Electric
consolidated SIS brought s5 to e5A.
number of small lots of Capital
Traction, sold at S71s, indicating q
slight decline; Washington Gas was
slow at 55, and a fair volume of trad
ing was recorded in Railway preferred
at 70.
Commercial National Bank stock
sold at 1855, and National Metropolitan
Bank at 200.