Evening star., 1919-02-23

profitable to the whole people in
spite of present obstacles is in
evidence on every hand. The mere
fact that shipping rates should
become almost a national issue is in
itself a proof of the realization 10
what an extent future prosperity
depends upon the export trade. News
papers and magazines are devoting
large proportion of their space to
discussion of it's many problems New
associations for propaganda and
education are being formed, and
there is a general advocacy of an
intensive study of foreign markets.
improved merchandising methods.
foreign advertising and similar topics.
Foreign Investments Discussed.
The advantages of American invest
ment in foreign securities are being
much discussed in the financial
world, and there is a general interest
in all the problems which CONNER
cial interdependence involves. Bank
ing facilities are being extended,
notably in South Amerca and the far
east. The Asia Banking Corporation.
formed by group of American
interests including the Guaranty
Trust Company of New York, the
city. the Mercantile Bank of the
Americans, New York city, and
several financial institutions on the
Pacific coast. has already opened a
branch at Shanghai, and is preparing
to do & general banking business not
only there, but in Hankow, Pekfng,
Tientsin. Changsha, Harbin and
VIadivostok, in all of which cities
offices will be shortly established:
Certificate Subscriptions.
The statement of appointments
and subscriptions to United States
Treasury certificates of Indebtedness
of the series 5-A to 5-E, inclusive.
compiled by the Federal Reserve Bank
of Richmond, shows Interesting. facts
relating to the banks in the vicinity
of Washington. The total apportion-
ment for Maryland under the five Sc
ries of certificates was $31, f35,006 and
the amount subscribed was S3S, 500.
Maryland and the District of Columbia
are the only divisions of the NTH re-
serve district which oversubsorfbed
their quota. The other divisions of
the reserve district-Virginia, West
Virginia, North Carolina and South
CaroIina--felI short of reaching their
quotas ,-...-
The banks of Baltimore were al
lotted s23,01s,0 900 and subscribed $32.-
4sT.5oo. The allotment to the Mary
land Trust Company of Baltimore was
s166,0oo. and its subscription was
s2,1oo,o00. The largest amount sub1
scribed was s4797 800 by the Mer-
chants -Mechanics First National Bank
of Baltimore, while its allotment was
The next largest subscription was
ss.65e,0oo against an allotment of
st,441,000 by the Citizens National
Bank Of Baltimore, and close upon
that was the subscription of s3.s10.-
600 by the Savings, Bank of Balti-
more against its allotment of ST.
National Bank subscribed S2s500,00Q.
while its quota was $3.50, 900. u.
Prince Georges county, with "a
population of 10000 and bank re-
sources of s2.TS3,8e0, was allotted
sl59, 600 and subscribed s275. 900. The
First National Bank of Southern Mary
land, at Upper Marlboro, with an al
Iotment of 5000. subscribed s151.-
600; the Bank of Brandywine sub
scribed $4,000 against $4,000 al
lotted; the First National Bank of
Hyattsville took $4,000 in certifi-
Gates against its allotment of $22,0 900,
and the Citizens National Bank of
Laurel s55.oo0 against it's allotment
of $4,000. The Prince Georges Bank
of Hyattsville, allotted $4,000. took
$4,000, and the Farmers and Me
chanics Bank of Seat Pleasant, al
lotted $4,000, took $4,000.
In Charles County.
In Charles county the allotments
were $4,000 and the subscriptions.
$4,000. The HughesvilIe Savings
Bank, with an allotment of $4,000,
took $4,000 in certificates, and the
Indian Head state Bank, with an
allotment of $4,000 took S14 coo. The
Charles County Bank of La Plata took
$4,000. against an allotment of
s35,o00, and the South Maryland Bank
of La Plata and the Indian Head
Branch of the Eastern Shore Trust
Company, with allotments of 1000
and $4,000, respectively. did not sub
scribe.
The allotments to Montgomery
county aggregated $26S, 600 and the
subscriptions s246,000. The largest
oversubscription in the county, was
by the Silver Spring National Bank,
whicii. allotted $1,000, took S40.-
tional Bank of Gaithersburg, allotted
$4,000. took $31 900; the Kensington
Bank (branch of Rockviiie), allotted
$1,000, subscribed $4,000; the Pooles-.
vile National Bank, allotted $4,000,
took $4,000; the Farmers Banking
scribed $4,000 against its allotment
of S33,000;S the Montgomery County
National Bank subscribed SAT 600
against an allotment of 5000: First
National Bank of Sandy Spring, al
lotted $4,000, took $4,000 in certifi-
Gates; the Savings Institution of Sill
yer Spring, allotted $4,000, subscribed
$4,000, and the Takoma Park Bank,
allotted $1,000. did not subscribe.
In st. Mary county, with bank re-
sources of S1.356, 900. the allotment
was $1,000 and the subscriptions
$50, 900, that sum being subscribed by
the First National Bank of st. Marys.
Leonardtown, against its allotment of
S56,0O0 The Leonardtown Bank
tbranch Of Cambridge. allotted Sc, 900. {.
and the National Bank of Mechanics
vile, allotted $4,000. did not sub
scribe. S54. 5-'s-
Frederick County Record