Evening star., 1918-08-14
new PLAN TO ucHTEN
LABOR ON BOND SALES
BY I. A. FLEMING.

BY j. H. 4AEa@4N0s
The subcommittee Of bankers ap-
pointed at a recent meeting OF the
Association to devise means for sim.
plifying the accounting plans for the
installment sale Of liberty bonds dur
ing the fourth liberty loan campaign
met last evening.
While no agreement was reached.
this committee will probably recon-.
mend the use of a stamp book and
stamps very much after the present
war savings stamps plan.
The selling bank would simply reg
lister the buyer and the amount OF
purchase and afilx one five or ten doll
lar stamp. using a mechanical devics
for this purpose. in the book which
would be given the purchaser with
his original payment.
when the spaces provided for the
stamps were all filled the owner
would then take the book OF stamps
TO the ONCE Of the liberty loan COM
mittee in the Woodward building and
obtain his or her bond or arrange
Of the bonds at the selling bank.
The local liberty loan committee
would furnish the stamps to the bank
erS in blocks and do all the necessary
Accounting work other than as in
dicated above.
On tho face of the evidence tho ma
jority Of the committee seemed to give
approval to the measure. which will
be used in New York city during the
fourth liberty loan campaign.
The committee will go to Baltimore
on Friday to get the sentiment Of the
clerical work of the campaign and re.
port later to the association.
The Need for Simplicity.
John Poole. chairman Of the local
ing on the need Of simplifying the
methods of accounting on installment
payments for liberty bonds. said:
The bankers. loyalty and with much
good nature. have stood back Of the
sales. But the continued shortness Of
help, the employment of new people
and the late hours OF work necessi-
tAted by routine business and q big
liberty bond sale MAKE IL imperative
' to find a way to lessen the burden.
Il personally believe that the appli-
cation of the methods Of the war saw
liberty bond sale make 1t imperative
bdleS OF OonoS Will De great LABOR.
"Duplications in payments would be
avoided once and for all. the fact that
payments will be made at the banks
brings the hank and the Individual in
tablishins friendships and business re-
latfons: the bookkeeping at a selling
bank is simplif1ed to the minimum. one
entry covering the purchase Of the
bond and the delivery Of the book.
Associate Membership Established.
At the meeting Of Washington Chap
ter. American Institute Of Banking,
last night the amendment to the con-
stitution offering associate member
ship to woman clerks in banks was
Woman Junior bankers may now
nave every privilege Of the male clerk,
save that suffrage has not been
.xranted. being held up for a year or
TWO to give them a chance to make
good in the business and as students
4n the classes
Miss Mitchell. favorite clerk in the
National Savings and Trust Company.
was the nrst applicant for member
adoption Of the amendment.
Expect EARLY Listing.
1t 10 understood that the Potomac
Electric Company will make applica-
tioE within day or two for listing
of the $2,10O,000 new general mort
gage IS on the local Stock Exchange
mand today. The syndicate closed the
sale IN . hurry and many transac-
tions have been reported on q pre-
mium over the syndieates selling
price.
Telephone and Telegraph Bonds.
J. P. Morgan & Co, announce that
All of the American Telephone and
Telegraph bonds have been sold and
that the syndicate was dissolved at
10 o'clock today.
B. 3. T. Earnings.
Brooklyn Rapid Transit company's
earnings for the year ended June 30,
1913, show . gross increase Of ST.
charges and taxes decreased $685.
1855. Net equaled 1852 a share, as
compared with S6.97 q share for the
previous year.
On the Local Stock Exchange.
Business on the local stock ex-
change was moderately active today,
Gas leading in the trading. The
former sold at 80 to the extent Of 90
shares, while 81 shares Of Washing.
ton Gas brought So. Both prices were
practically unchanged.
Typessttefs attracted some attsn-
tion. Lanston at Sc. and Mergy ct
112k.
Bond saleS were confined to Po.
tomac Electric first IS, several sales
Of this issue being reported at 81.