Evening star. [volume] (Washington, D.C.) 1854-1972, 1919-01-31

net, Sl-S5p-Spf. me Ieoerai reserve
banks of Atlanta and Dallas were
tenth and eleventh, with gross of ST.
At the bottom of the list is the federal
93,05e. and S2,0S9526, respectively.
reserve bank of Minneapolis. with
gross of s2.049,954 and net of ST.
5S5.546.
Voting on New Headquarters
The American Bankers Association
is balloting on the question of remov-
ing it's central offices from New York
TO Washington. The voting is being
carried on by mail. has been in prog
ress several days. and the result may
be announced within day or two
Little doubt is felt by those bankers
closely in touch with the situation
that the association will decide in ia
yor of removal to Washington because
of the growing intimacy in the rela-
tions of the national, savings and
state banks and trust companies and
the federal government. The bust
ness of the association will be expe-
dited and simplifed by proximity to
the Treasury.
The American Bankers Association
has a membership of between nine
teen and twenty thousand Its organ
ization is divided into sections. called
the national bank section, savings
bank section, state bank section and
trust company section. The associa-
ton expends about 100000 year
and its official staff numbers about
forty persons.
The officers are: President, Robert F.
Maddox. president of the Atlanta Ma
tfonat Bank, Atlanta, Ga; first vice
president, Richard s. Halves. vice presi-
dent of the Third National Bank. ST.
Louis: second vice president. John s.
Drum, president of the Savings and
Union Bank and Trust Company San
francisco; general secretary Frederick
E. Farnsworth, New York city, treas
urer, James D. Hoge. chairman of the
board OF directors of the Union Savings
and Trust Company, Seattle; general
counsel, Thomas B. Patton. New York
city; assistant secretary, William G.
F1tzwilson. New York city; manager
protective department, L. W. CANNON
New York city, and. editor of the Jour
nal Of the association. George Lewis,
New York City,
James NJ. Mason, lieutenant in the
National Army. has resumed his civil
duties as assistant teller with the Wash
1nston Loan and Trust Company.
Charles ]. Bell. president of the
American Security and Trust Company,
returned from New York yesterday
No action has been taken by the d.
recforate of the Dupont National Bank
toward filling the Office of the president.
made vacant by the death of George
Howard 1t is not likely that early ae-
ton VIII be taken
After. the victory loan. to be issued
IN april, the annual bond interest OBJ
legations of the United. States will be
S1-le0.ee0. 600. according to calcula-
fions presented in a little book pre-
pared by the Mechanics and Metals
bond interest to be paid BY the limited
States viii be fifty times greater than
the nations interest obligations of
wv. .sno years ago. and viii exceed by
payments of all European powers in
j. l3, the year before the war
Added TO the interest on war bonds.
the governments normal running ex-
penses viii require direct and indirect
tax payments from the American peo-
pie of more than two billion dollars
in the next fiscal year, but large as
this amount is. the Mechanics and
Metals National Bank shows that it is
below what any of the large European
nations will require in taxes. Paw
ments viii be required of the people
OF Great Britain next year amounting
to sS,4eo, 600, 900. while entirely apart
from their Indemnity payments at
least an equal amount will be required
of the German people The people of
France viii have to contribute taxes
OF more than three billion dollars for
the nations support.
Mr.. Cadwallad.r Elected Cashier.
The board of directors of the Com
merciaI National Bank met YESTERDAY
and elected William F. CadwaIa5qr
cashier. He will take uu his dufias
February Is. SIR. Cadwaliader comes
10 Washington from Richmond. where
Re Is controller OF the federal reserve
bank.
The stock of the Seventh Street
Savings Bank has been listed on the
Washington Stock Exchange
Stockholders of the PENNSYLVANIA
Railroad Company, at the annual
meeting in Philadelphia. March II.
of $4,000, 600 in the company's indebt-
edness- TO be made at such times and
IN such manner as may be prescribed
by the directors. The purpose is to
provide for present and future capital
requirements, including obligations
maturing during the present year, and
10 reimburse the government for addi-
tons. improvements and equipment
expenditures made in connection with
goyernm ent control and properly
chargeahie 20 the company
Vice President Father of the Riggs
Natinal Rank has returned from a
short business trip to New York.
Harmon K Warner of the staff of
tif ttrtdi 4NdtiOIdl mas re-
sumed his duties with the bank after
being released from service in the
National Army.
Washington banks were sending in
their subscriptions today to the series
We Treasury certificates of indebt-
edpess- Subscriptions opened yester-
day and the books will close Febru-
ary g.
Southern Railway Notes.
The Southern Railway Company has
sold an issue Of S25 900 900 three-yaar
8 per cent notes to a syndicate in Chi
cago. The financing of the Southern
railway has heretofore been done by
eastern bankers. and generally by j.
7. Morgan & Co.
On the Washington Stock Exchange
today $1,000 Washington Railway and
Electric As sold at 70ia, and $4,000 at
70I4 $1,000 Potomac Electric CONSOLE
dated SIS at 90. $1,000 at 93A and $4,000
at 93Ss; $1,000 Washington Railway
and Electric general 6s, at 96ss: two
shares Capital Traction, at SIS; $1,000
Potomac Electric general Is. at 81 y /:
ten shares Washington Railway and
Electric preferred. at IS u four shares
Norfolk and Washington Steamboat
Company, at 1903. and three four
share lots. at 1870. and three shares
Washington Gas, at 81.
After call $1,000 Potomac Electric
general Is sold at s7E seventy shares
of Washington Gas. in four lots, at
81, and 5000 Chesapeake and Poto-
TelRrhnne