The Washington times., 1919-11-29
LOCAL FINANCIAL
AND BUSINESS
J GOSSIP

Local national banks that failed, 10
include in the published reports OF
their condition as of November II an
item asking for the amount and num-
ber of loans made on which interest
and discount was charged at rates in
excess OF the law, may be required to
make explanation to the Comptroller
Of the Currency, according to infor-
nation received from that office to-
day.
On the report sheets which ma
tionai banks were required to Gil out
and submit to the Comptroller of the
currency in answer to the "calI" OF
November Il was included the follow
ing item: "Of the total loans ana
discounts shown above, the amount ON
which interest and discount was
charged at rates in excess of those
permitted by law, exclusive permitted
by law. exclusive OF notes upon which
total charge not to exceed so cents
was made. was s. The number of
such loans was s."
Several local nation banks did not
give this information in their publish
eu statements. Although the reports
OF the local banks for the call of No
.emoer - have not yet been exam
med by the office OF the ComptroIIer
OF the Currency, it wa ssaid thai sucb
banks that neglected 20 publish the
information asked by the foregoing
statement would unquestionably be
asked 10 make explanation of ,I.e
omission. Whether such banks would
ne requires to republish their e;ate-
ments would be decided upon me
merits Of the individual cases
Ihat close watch is being con-
Quoted as regards the money situa-
tion Is indicated by the fact that all
banks, including the amount of
money they had on call in New York
banks.
further advance in the discount
rates by the Federal Reserve banks
Is expected, according to reports
from New York today.
The Bank of Bethesda, organized
several months ago, will lopen it's
DOORS for business Monday. December
l. In the aGte House. Edgemoor. The
new bank, in which a number OF
Washington bankers and business
men are interested. has been capital
,zeo at $2a.oo. and will fill. it is
oeneveo' long felt need in the
vicinity OF Bethesda and Chevy
Chase
The bank will be housed temporar-
ny in the Gate House at Edgemoor.
risns are now on foot for the build
ing. In SQnnection with the Bethesda
i|odSe, "A. II. Il A. NJ, of permanent
quarters at the intersection of Wis
cohsin avenue, the Rockville pike
and the Old Georgetown road. Eethes-
da. Md
Walter r. Tuckerman. director of
the National Metropolitan Bank. OF
ms CITY mas been elected president Of
the new bank. The other officers are
as follows: Walter Bogley cashier.
Edward l.. Stock and George p Sacks
vice presidents.
Those who were interested in the
organization Of the Bethesda Bank in
ciude Milton +. Allies, Arthur A.
Chapin, Charles l. Corby, John r. Cox
Vernon NJ. Dorsey. Franklin III. Ellis
J. X. Ellis, DR.. Edwin H. Etz. Busey
ID. Howard, Henry j. Hunt. Sd. n La.
tame Lewis. DR.. Wimmiam l.. Lewis. N
Wilson Offutt, William Tyler Page.
Or. BENJAMIN c. Perry, Walter f.
Ferry. Charles 5. Robb. DIR. = q
Schroeder. James II. Starkey Edward
J. Stellwagen. W. W. Towson, ir
Francis C. Wallace, b. Peyton Whalep
george w. White and Claude II. Wood
ward.
The District of Columbia ranked
second in the per capita sales of Gov
ernment saving securities for the first
ten months of this year. In the per
capita purchases for the month of
october the District tied Kentucky for
second place. Ohio led all States for
the .arst ten months of the year with
$5,oo Tor each inhabitant
The sale OF Government savings Sc.
curities for October showed an in
crease of 31.9 per cent over the total
Tor september. according to an
nouncement made today by William
Mather Lewis. director OF the saw
Ings division of the Treasury to.
tai OF $3.50, S63.II in thrift stamps
war savings stamps and Treasury
savings certificates was disposed of
TO the investors OF the country i'm
October through postoffices and Fed
ersl reserve banks.
This figure represented n, in
crease OF S2,l39O19.59 .over the SEN
tember sales and far exceeds the
sales during any month since Apri,
The total sales of savings securities
Tor the hrst ten months of 1919 now
amount to sll6,679616.02.
improvement was shown in the
trading on the Washington Stock Ex
change today over thestransactions or
the early part OF the week Small Io,s
or variety Of stocks sold TODAY. and
IN most cases sales ruled steady to
sIighti ylower than the trading of
Monday and Tuesday
Fifteen shares of Old Dutch Market
preferred sold today at IL Mergen-
thaler and Lanston sold at u point
below Wednesdays transactions. the
former selling today at 40 and the
latter at S2l2. Capital Traction stock
was successfully offered al 917s
| Washington Railway and Electric pre-
ferred SOLD at 51la. Washington Gas
was steady.
! "On s'"S out and say; ."rhry