Evening star., 1919-04-08
WOULD RAISE CAR
FARE IN BALTIMORE
United Railways and Electric
Company Showed Deficit
in February.
SIX CENTS NOW IS CHARGE
BY I. A. FLEMING.

BY I. A. FLEMING.
From Baltimore comes an answering
wall attuned in full harmony with the
continuous plants of our own street
railway corporations, to the effect
that United Railways and Electric
Company Of that city must receive
higher compensation and perhaps q
cent or two for transfers before ii
can give the right kind of service and
pay IL return in the form of dividend
to its shareholders.
Admittedly. in February the Balti-
more utility corporation actually
charges. and that, too, while carryius
11,o4O.547 cash passengers and 6,125,-
6s1 transfer passengers.
In October last the rate of fare was
raised from to cents. SO that the
increase has been insufficient to bring
relief. The city receives 8 per cent tax
on gross earnings and the treasury fat
tens with every relief.
The shareholders of the United Rail
ways and Electric Company will meet
in annual session tomorrow to hear the
story OF the years depression, but the
fact that they were informed 4 week
ago that the dividend had been passed
prepared them for the worst.
Celebrates Six-Year Growth.
The Security Savings and CONNER
cial Bank was celebrating its sixth
anniversary yesterday and its officers
were busy receiving the congratula-
tions of customers and friends up IN
the remarkable growth OF the inSti-
tuition in so short a space of time.
The bank was chartered on Febru-
ary s. 1913, and opened for business in
small storeroom at 733 9Th street on
April I. 1913 August 1 of the same
year it moved to its new building at
the northeast corner of 9th and q
streets Since that time the bank S
growth has twice necessitated the en-
largement of it's banking house.
In 1917, No. 705 9Th street was
added and the interior OF the bank
rearranged. And in 1918 the rear
part of No 101 9th street was added
to the bookkeeping and accounting
department OF the bank.
Deposites on the opening day were
S32-231 and at the close of business
yesterday were s3.351. .37O.50.
The bank contributed eight of it's
clerks to the service of their country
in the great war, and one OF them.
Arthur e. Birkle, died in the service.
Sells Many Liberty Bonds.
An enviable record was made in
sales of liberty bonds. the bank SELL
ing a total in the four loans of ST.
lotment.
officers of the bank are: julius L
Peyser. president; George R Linkins
vice president, Fred Mckee. vice
president; John H. Baltz. cashier;
William R. Baum. assistant cashier:
Latrobe Owen, assistant cashier, ard
Charles W. Darr, general counsel
The directorate comprises John H.
Raltz. John H Carter. Charles w.
Darr, D. A. Edwards. DR.. James A.
h Judd, Charles ]. Langmead, George
r Linkins, William H. Linkins, Fred
Mckee, Townley A. Mckee, Julius 1.
Peyser and S. W. Straus.
Washington Chapter Activities.
Nominations for delegates to the an
nual convention of the American Insti-
leans next September, will be made at
the meeting of the local chapter on
Thursday evining.
The lecture to be delivered on that
evening will be on most interesting
topic, '@The Federal Reserve System"
and F. R Stsffens of the Office of the
controller of the currency will handle
tho subject.
Local Securities.
A small lot of Washington Railway
and Electric preferred stock sold on the
L.
low recent quotations.
Capital Traction shares were steady,
at S6A, and the per cent bonds firm.
Ten shares Of Commercial National
Bank changed hands at 1872 and a sale
Of Lanston was made at 6511s.
Columbia Graphophone common stock
continues climbing, touching the 2.4O
mark today.
Lanston Annual Meeting.
The annual meeting of the Lanston
noon Thursday, May IL. at Alexandria,
va Transfer books for the meeting
close April q and reopen May 6.
Annual Meeting Held.
The Liberty Savings Bank held its
second annual meeting TODAY. The
following trustees were elected: S. 7.
Cameron. NJ. o. Chance, Judson T.
Culi, Jr, Paul p. johnson. George L.
LARSEN. w. C. Long. e. J. McOuade,
Lennard II. Mitchell. e. H Neumeyer.
James G. ODonnell, DR.. William L.
Robins, Grant W. Taylor. w. Clark
Taylor. Eugene E. THOMPSON and
George o. Watson.
The trustees will organize this
evening.
During the past year the deposits
OF the banAhave increased from s1S2.-
600 to $46y000, and the capital stock
has been increased to $3.50, 900, with a
view of nationalizing, while a site has
been purchased for a new bank build
ing.
Not an Index Of Victory Loan Rate
The per cent interest rate borne
by the War Finance Corporations
new one-year bonds, approved by the
Treasury, is not to- be taken as an
index OF the rate on victory liberty
loan notes. 1t has been stated author
itatively.
The Treasury believes, it was ex-
piained, that securities. which are not
oirec1 ooiigatfons Of the government,
must bear from Il to 4 per cent
higher interest than government notes
or bonds. and that capsenuentlu 49,