Evening star., 1919-02-28
REGARDS FACTS
AS ASTOUNDING
Vast Increase in Railroad 0p-
Grafton Discussed by the
r. Railway Age.
NOT DUE TO WAGE RAISE


NOT DUE TO WAGE RAISE
z~As the statistics of the Interstate
Commerce Commission and the rail-
road administration regarding the
orerating expenses of the railways in
IS1S become more complete they grow
more startling" says the Railway
Age This authority on railroad mat
tegs expresses the opinion that the
vast increase in the operating ex-
beuses of the roads is not due co the
advance in wages
1T says that the final summary of
the Interstate Commerce Commission
FOR the year 1918, which has recently
59ene out. shows an increase in oper-
t9g expenses of s1,149, ,000, 900. Di-
rector General Hines, in testifying
before committee of Congress last
week, estimated that the advances in
wages which actually had been
charged into the accounts for 1918
amounted to $3.50, $50 900, 900. The con-
clusion must be drawn that the in
creases in expenses in 1918 attributa-
BILE to causes other than advances in
wages were about 1865, 900.
I'm view of the economies which
Mr.. McAdoo anticipated would result
from unificat ton, and which the advo-
Gates of government ownership pre-
dicted would result from government
operation. it will probably astound
the public to learn that the increase
of expenses during the year would
have greatly exceeded half billion
dollars without any advance of wages
at all"
Takes Optimistic View of Future.
Charles E. Mitchell. president of
the National City Company, is an
other of the big Americans who feels
optimistic about the future. He says
that business men and bankers
throughout the country are not dis
turbed by conditions of the moment.
After a tour through many parts of
the United States he says there is no
distinct feeling of apprehension
among manufacturers over the atti-
tude of labor. He believes that as
out-of-door work is resumed the Ia
Dor question will decline in impor-
tance, and he thinks the percentage
of unemployed men at present is only
Nightly greater than in normal times
business as fair and the industries as
slack. Manufacturers are holding
back on account of price control and
In the matter of world trade they are
awaiting a settlement of merchant
marine problems. and the attitude of
the government toward foreign in
yestments and the tariff.
II, L. Selby. assistant cashier of the
Farmers and Mechanics National
Bank, has been promoted to cashier in
place Of Charles W. Edmonston. de-
CEASED.
On the Washington Stock Exchange
today ten shares of Washington Rail-
way and Electric preferred sold at 81,
ten shares of Mergenthaler at 1851 and
ten shares of Columbia Graphophone
III. issa''A'''''ns company common al
Stock oh the Columbia Graphophone
manufacturing Company was listed
on the Washington Stock Exchange
today.
r. W. Loefler Resumes Duties.
Ordnance Sergt Frank W. Loeffier.
released from the National Army, has
returned to his duties with the Ameri-
can National Bank Millara S. Yeat-
man, note teller of the bank, and still
In the military service, is expected to
=
tel1er of the American National who
entered the Navy, is at Walter Reed
hospital, and soon will resume his
duties at the bank. Three discharged
yoldiers have within the last few days
1ecnred positions with the American
National They are Richard Magruder
Ralph E. Conrad and Henry Boswell.
Old Dutch Market stock has been
7ssted on the Washington Stock Ex-
change OF this stock there are $780,
600 preferred and 100000 common
Leads in War Savings.
The District of Columbia leads in
war savings all divisions of the fifth
federal reserve district which COM
prtses the District of Columbia, Mary
land. Virginia, West Virginia. North
Carolina and South Carolina. The
satisfactory and it has adopted the
thrift idea with vim. This was shown
today by official figures announced
by the war loan organization. At
Just tabulated and analyzed, the dis
trict had invested more than s73.-
COO 600 in thrift stamps and war saw
ings stamps. In the four liberty
loans the district subscribed SS49,-
474.3uO.
considered as a unit. the District
u Columbia leads the district in its
WAf- savings per capita record its
figure being 1888. which means that
Washington bought thrift stamps and
war savings stamps to such an
aHfount that if the stamps were di-
vided among all the people in Wash
ingto nevery man, woman and child
in the city would have s1593 worth.
As a whole, the districts total at
the end of the year was S73. .s9S, ,242 ST
In the month past and the one now
eHding tens of thousands of dollars
worth of additional stamps have been
sold. and when the figures for Janu-
aYy and February are compiled the
total for tho district will be much
greater. and IL will continue to grow
IT. Is believed. since the people of the
country are beginning to recognize
more and more the benefits which
accrue from intelligent and systematic
saving.
For West Virginia the total at the
end of 1918 was s16,124. 500 %, with a
per capita of s11.:'5.
Virginia showed total of s14,-
662.00S.sa. it's per capita purchases
being $3.50
In North Carolina the total was
was 1886
South Carolina returned a total of
S!.II3.5ae.23, with a per capita of
Maryland had bought ss429. 500 4s,
Its per capita being s5.9s
Washington and it's environs-list-
ed as the District of Columbia-pur-
chased s5SS2. 5000 worth of thrift
stamps and war savings stamps.
Figures for Maryland Banks.
The Federal Reserve Bank Of Rich
mond has issued a circular showing g
apportionments and subscriptions OF
Treasury certificates of the series 5-F