Evening star. [volume] (Washington, D.C.) 1854-1972, 1919-08-03

/ Accrued interest on
! securities ,!....... Al, $4,000
Bank premises ..... 81, 900, 1891. 80
Other real estate. 67.7s7.2s
/ --- 1,2ss, SIS SO
Total ....,....!............ s1s, oo1, s51 o5
LIABILITIES.
Deposits tnet) .s12 81, 649.14
interest accrued
thereon .......... s6,474.7o
Bills payable (secured by govern
| ment war issues) ........ 500 900 90
fSircuiatlon ..................., 973 300 O0
Reserve for taxes, expenses etc. se.741 .9S
6onds borrowed :............... 127,O0O. o.
S Cap, nid. stock s.,a, 81 cog, 10000
| 49, ------ 1,65S, es5. %
| Total ......................$ sic, O0l s5l. 05
The Bankers Magazine in COM
ment, says:
"The presentation of the banks as
sets and liabilities in the above order
I is illustrative of conformation to rec
fognized principles of the best ac-
| counting practice of the day. Here
tofore the order of accounts generally
shown in bank statements lacked
relative positions as between assets
and liabilities, grading in relative
degrees of liquidfty among assets and
grading of urgency among liabilities,
For instance, the old order showed
capital stock the first liability-it is
absolutely the last to be liquidated.
It has so little relation therein to
loans (the asset usually shown first)
as to negative comparison Cash,
loans and investments usually bear
some general relation to deposits, and
the set up" in this form shows that
relation. :,
''one OF the old evils--inflation of
totals SO invidiously pursued by the
leverage banker-hls been eliminated
/ In the Commercials statement. I'm
earned discount is deducted from
loans in order to show liquid figures
for that asset. ANY bank conforming
to the controllers ruling in regard
to the very important items: Dis
count collected but not earned; in
terest' earned; interest earned but not
collected; interest accrued payable,
etc. is able to publish such figures at
any date.
I'm such statement the Anal figure
(before thesfooting of liabilities3 rep
resents something of decided interest
to the owner of the banks shares. II
| there has been sufficient reserve
| created for bad debts, depreciation in
represents, the net liquidating. worth.
| 1T takes no cognizaRce of good will
-ah inSeterminate asset quite proper
! in some lines, rarely on bank books.
The sset-up' Of the figures pre-
SCENTS something concise and under
standable. Percentages of grouped
assets to either total assets or rela-
i tive liabilities are almost obvious
i and the general form Of the state
i ment might well be followed by any
1 bank. @
Elm the order given the. accounts
i new daily sbalance-sl1eet used By all
! federal reserve banks, responsibility
or credit for which. as well as to the
i above form, we understand is trace
able to single banker"
Mergenthaler Shareholders Meet.
A meeting of the Mergenthaler
Stockholders. Association of ! Wash
ington is called for tomorrow night
A. ]. b.. 1914 F.street northwest. by
/ the president and secretary of the
| association for the purpose of TAX
ing suitable action on the death of
r v Murphy. former director eel a. OF
ton of any other business that may
come up.
/ MI. Murphy was a loyal friend Of
the Washington investors in Mer-
i genthaler shares and of Washington,
/ and it is fitting that some tribute
/ should be paid to his memory. Me
| attended all directors meetings even
| up to a day or two before his death
| and at that meeting expressed the
| opinion that it was the fnal session
for him.
Merchants Bank improvements.
The new home Of the Merchants
Bank, at 14l3 g street northwest, is
| nearing completion. The remodeling
has been almost generous enough to
be referred to as evolving new
building. The bank front will be one
| OF the handsomest OF many hand
some banks In this city; the office
room large and light with direct en-
/ trance from G street and also from
the arcade. The adjoining building
/ l4I5, has also been brought to the
street level and the two improvements
are among the most modern and up
to-date. IN, &
| The Export Situation.
The National city Bank in its
August circular refers to the foreign
situation as more critical as time
passes"
The country's exports for June were
$91S, 900, 900, exceeding by $500, 100000
the highest export value of May ex-
1ports. Imports were only $685., 900, 900,
leaving q trade balance of s625,000,-
600 to be settled. nobody knows just
how" asa
exports in June were of breadstufs
and meats and dairy products, and
the cry IL "feed America first"
But we have to feed Europe and
| we have to feed America. It is q
humanitarian duty-both ways and a
problem for the lawmakers OF the
i Here is the cornment of the Ma