The Washington times., 1919-05-23
v. B. "a. EARNINGS
TO BUILD TERMINAL

The strong financial position OF thu
Washington, Baltimore and Annapolis
Electric Railway, due in a large meas
ure to abnormal earnings since the
establishment of Camp Meade, viii
enable the company to spend nearly
Si,OOOO00 for modern terminals in
Washington and Baltimore without
resorting TO financing of any sort.
it was learned today.
According to James J. Doyle, gen
cral manager of the road. the new
work will be paid for from the surplus
of the company and no bond issue or
other means of raising funds will DC
authorized as is the case with most
projects OF this kind.
The work on the Baltimore termi-
nal at Pratt and Howard streets was
started last winter, and, according
to Mr.. Doyle, definite plans for one
OF the most modern interurban term
mails in the country for Washington
will be announced in about two
weeks. Architects are now prepar-
ing the plans and all the ground
has been purchased as authorized
by the public utilities commission.
The proposition to build a joint
terminal with the Washington-Vir-
ginia railway has practically been
dropped, according to Mr.. Doyle, who
said that the necessity for crossing
Pennsylvania avenue by the Vir-
einfa line in one OF the busiest Sec
tons OF the city proved the STUMP
ling block over which negotiations
fell through.
ings and Trust Company, who were
members of the A. e. F., are back
in Washington today, one having re-
turned to his former position in the
bank and the other due Monday. Her
bert 3. Lord, bookkeeper. was a mem
Der of the Medical Corps, Twenty
sixth ("Yankee"D Division, and re-
turned this week.
Oswald l.. Varella. former Eastern
High School athlete, and also a book
keeper at the bank, will return Mon
day. He was a member OF the photo
graphic section, signal corps, and had
two weeks TO go to complete a course
in signal officers training school in
France when the armistice was
signed.
United States steel is selling ex-
dividend today. the regular IA per
cent dividend for the current quarter
being payable May %
During the week ending today thir-
teen Applicant ons were received by
the Comptroller of the Currency for
bank charters with a total capitaliza-
ton OF $3.50, 900; eight charters were
issued with a capitalization aggre- !
eating $655,OO0: five increases of
capital amounting to 100000 were |
approved: one charter was extended !
and two voluntary liquidations were |
approved.
The Riggs National Bank is listed !
as one of the 100 largest national |
banks in the country. In a statement |
by the Comptroller of the Treasury 1
OF these 100 banks New York city
has twenty. Forty-nine of them are |
located in New England and the |
Eastern States. Forty-six OF them /
have resources OF more than $50 /
100000 each, while twenty-five show !
more than 100000 900 each.
Directors OF the washington Rail- |
way and Electric Company met yes |
terday afternoon, but on account OF |
the postponement of the action of the |
financial relief, no developments were !
announced. Tho company is practi- !
cally marking time. it was stated, |
until the Public Utilities Commission !
acts on The application.
The New York Stock Exchange will /
be closed Decoration Day and the day /
following, which is Saturday, accord |
ing TO an announcement OF the board |
% governors yesterday.
The American Telephone and Telc-
graph Company has declared a dlvi-
dend o. s. a share, payable July Is |
to stockholders OF record June 20.
Trading was fair on the Washington
Stock Exchange today. No particular
securities featured. sales were made |
in Capital Traction. Washington RaiI-l
way preferred. Washington Gas. Com
mercial National Bank, Lanston Mono
type. Mergenthalcr, and Columbia