Evening star., 1919-03-16

| tIonal Bank, $4,000. Security Savings
and Commercial Bank, S2S.0oo: Sev-
! Union Savings Bank. $4,000; Union
Trust Company. S111.000: United
| States Savings Bank. $4,000; Wash
/ ington Loan and Trust Company
/ S166.000: Washington Mechanics Saw
| ings Bank $4,000 and Washington
| Savings Bank, $1,000.
Circular Relates to Series VIC.
! In the circular issued by the federal
reserve bank of Richmond showing
the apportionments and subscription
! by banks to Treasury certificates OF
! Indebtedness of the series VIC. the
| Maryland banks in the ne'ghborhooc
of Washington, do not make as brave
d showing as under previous issues
or as it is believed they will make
under the pending issue, VII.
| In Charles county two of the five
| banks subscribed. These were the In
dian Head branch of the Eeastern
Shore Trust Company. which was ap-
portioned $1,000 and subscribed for
| $4,000, and the Charles County Bank
Of La Plata, which was apportioned
| SO. 900 and subscribed $4,000.
| OF the nine banks in Montgomery
county two subscribed to the certifi-
Gates. These were the Montgomery
| County National Bank of Rockville,
| which was apportioned $4,000 and
subscribed for $1,000 of the certifi-
Gates, and the First National Bank OF
Sandy Spring, which was apportioned
| SO. 900 and subscribed $1,000.
| In Prince George county three ofp
| the six banks subscribed. These were
the Prince Georges Bank of Hyatts-
vile, which was apportioned $3,ooo
and subscribed to its apportionment;
! the Citizens National Bank of Laurel,
which was apportioned $1,000 and
subscribed $4,000. and the First Ma
tional Bank of Southern Maryland,
| Upper Marlboro. which was appor-
| toned 81. 900 and subscribed $4,000.
Record of Other Counties.
| OF the six banks in Anne Arundel
county, one subscribed. That was the
! Farmers National Bank of Annapolis.
! which was apportioned $4,000 and
subscribed $4,000.
The subscription OF the frederlck
county banks: was quite heavy and
| those banks taking the certificat tes
| largely oversubscribed their appor-
tionment. OF the twenty-one banks
| in the county, twelve subscribed. as
Maryland, Frederick, apportionment
SIS 900. subscription $4,000; Citize ems
National Bank of Frederick. appor-
tionment $4,000. subscription 100000; I;
Commercial State Bank of Frederick.
apportionment $4,000, subscription
tional Bank of Frederick. apportion-
ment $4,000, subscription $4,000:
Frederick County National Bank, ap-
portionment $4,000. subscription
$780, Middletown Savings Bank,
apportionment $1,000, subscription
$4,000 Valley Savings Bank nn 60 of Mid
scription $4,000; Myersville Savings
Bank apportionment $4,000. sub
scription $4,000: Citizens Savings
Bank of Thurmont. apportionment
| $1,000, subscription $4,000; Thurmont
scription $4,000; WaIkersvilIe Saw
ings Bank. apportionment $4,000,
subscription $4,000. and Woodsboro
Savings Bank. apportionment $11, 900,
| subscription $4,000.
Reports Conditions Improving.
although many of the uncertainties
| surrounding business cannot be re-
moved until the peace treaty is signed
tor manifestly about to be signed
there are numerous indications that
commercial and financial activities are
rapidly approaching turn for the
| better" says the National Bank of
| the Republic Of Chicago, in its
| monthly review of business. THE in
roads which federal taxes will make
on corporate and private incomes are
now pretty definitely known. The
; forthcoming government loan, while
lacking in the essential details as to
| the exact form of the emission and
| the rate of interest which it will bear
| is expected to be no less successful
| than preceding issues. The action OF
Congress in definitely shelving the
| proposal to extend the control of the
4 r~v ,,x.l,
| Of the uncertainty as to the tenure of
government operation. Peace-time
commercial activities are rapidly get
| ting under way, while the exception
ally numerous promotions of new en-
terprises indicate a widespread antici-
patton of enlarged business later in
| the year. Wholesalers and manufac-
turers are still moving slowly pend
! ing the absorption of stocks OF ma :
| terials and goods acquired against
the needs of the war. Retail trade,
| however, is reported as generally ac-
tive and available supplies are being
disposed of rapidly, thus fastening
| the time when buying for replenish-
ment will become Imperative
Banks View Of Victory Loan.
| '"There must be no shirking the
victory loan" writes one of the great
! banking firms of America. THE bur-
| den should be taken on the millions
Of shoulders and not allowed to rest
too heavily on the banks. The banks
! are already carrying a heavy burden
of government obligations through
! purchase of Treasury notes. They are
also carrying an enormous amount
| Of government issues, estimated at
I, nearly $6.000.000.000. as collateral
| against loans. The chief function of
| the banks should be to finance legiti-
| mate business, but in proportion as
| their resources are absorbed by the
| government their capacity to serve
commerce and industry is diminished.
AS matter Of sound business and
| intelligent self-interest the public
should subscribe for tn, coming loan
| as generously as possible, so that
the banks may assist in maintaining
| regular trade and industrial activity.
| Should the banks be cramped or over
| loaded with EOYernment reauire- :