Evening star., 1918-01-09
TRACTION CO.
FAD GOOD YEAR IN 1917
By I, A. FLEMING.

The annual meeting Of the share
holders of the Capital Traction Com
pany was held this morning.
The report. covering the operations OF
the year 1917. showed gross revenue
from transportation Of $2.7s3.55S.o1' as
compared with $2.2ss.25o.S4. an increase
Of s4s2.s5o.17. The gain in the revenue
derived from carrying passengers was
$493.033.33.
After payments Of $750,00O in divi-
dends for the year. as compared with
$500. 900 dividends paid In 1916. the
company showed surplus of $46,s30.0s,
rs compared with s36.17s.s6 for 1915:
while the depreciation charges IN isiI
of $225.s33 were $103.s54 larger than
the depreciation written off In 1916.
President Hamilton announced that
the full report would not be read for
the reason that SO snort time ma. hat
time had not permitted to prepare It:
The passenger revenue for the year ls1f
was $2,766,627.6 as compared with ~
273.594.30. an increase OF s4sS.oaa 90 e:
{ Mail revenue showed a slight decrease In
the same comparison. as did the special
car revenue. but the operating revenue
was not materially affected by these items
$1.2s7.41o2s in 1916. 20 s1,5ss.s2s.os in
1917, gain Of $295, ,9fS.
Net operating revenue was $1,250, ,20S.9S.
showing gain of $1sS. .36s.43 over the
same comparison $162,232.49. The item
of taxes called for $43,469 more expenses
than the taxes of 1916, when they were
$142.s12
Interest on funded debt showed slight
depreciation.
Surplus as before stated showed an in
crease of SIC. .353.23.
Directors were elected as follows:
tn1l
wagen. John S. Larcombe, David S.
CARL, Benjamin W. Guy, John NJ Perry
and John H. Hanna.
The board organized. electing George
vice president and John H. Hanna vice
president and general manager. H. D.
Champion was chosen secretary and
r. d. Simons treasurer.
Bank Elections.
The following directors and officers
were elected by their respective share
holders and directors yesterday:
Northeast Savings Bank.
Directors-Frank NJ Cohill. William
n. Ernest. Victor H. Esch. George F.
Hoover. Edwin C. Jones. w. Reginald
Lewis, Hubert Newsom, Charles H. Pot
]. Stubener. Charles r. Talbert, John
T. Vivian and Michael Walsh.
Northwest Savings Bank.
Directors Russell Alden, James
~. Bea1l. William Clabaugh. Edward F.
Co1laday, George A. EmmonS, Giuseppe
Ferrero. Frederick L. Fishback, Will
Ham T. Fitzgerald, R. G. Fletcher, Will
lard b. Felimer, James w. French, Her
bert P. Gerald( Robert E. Heater. W. B.
Krantz, Daniel C. Leahy, George II.
Macdonald, sotarios Nicholson. George
z. Parker. Thomas A. Poole, William S.
Qufnter. Francis Martin Savage, Leon
The-,nisson, A. r. Varela and Bert v.
Wolfe
The following officers were chosen:
Francis Martin Savage, president: Dan
Varela, second vice president; Frederick
e. Bryan. third vice president; William
+ Fitzgerald, treasurer: E. F. Colladay,
general counsel; James L. French,
cashier. and Sidney Thompson, assist
ant cashier.
Washington Savings Bank.
Directors were elected as follows:
Robert d. Barrett, George B. Bryan, E.
Z. Dyer, Earle F. Marean, T. L. Nc
Eneany, William NJ Phelan, James F.
Wenig.
The directors later elected J. D. Leonard,
president: William j. McEvoy, vice presi-
dent George B. Bryan, vice president,
and Robert d. Barrett, secretary.
Security Savings and Commercial.
Directors of the Security Savings and
commercial Bank were reelected. as
follows: John II. Baltz, John II. Carter.
Cnaries w: Darr: D. A Edwards, James