The Washington times., 1919-12-26
LOCAL FINANCIAL
AND BUSINESS
GOSSIP

ness season and the approach Of the
end of the year. business men and
bankers Of Washington are directing
their attention to the annual elec-
tions In local institutions which win
be held during the month of January.
Local banks. with the exception Of
those savings and commercial banks
incorporated under State laws, will
hold their annual election Of the
board OF directors on the second Tues
day Of January.
The Washington Chamber Of Com.
merce will have its annual election
on the same day, and the stocxhold-
ers of the Washington RAILWAY and
Electric Company will meet January
II to elect the directors of the COM
pany for the ensuing year.
Civic and business interest is run
ming high at this time of, the year
In anticipation Of the results of these
elections. 1t Is expected that GER
tain changes in some Of the local
banks will be effected At the annual
meetings.
The District National Bank, accord
ing to present plans, will add q new
member to the list Of active officers.
Other important changes in other
banks will also be brought about, 1t
is understood, but the exact nature
Of such changes was not made public
today.
The Potomac Savings Bank. which
Is incorporated under the laws of
Virginia, held its annual election this
month. All the officers Of the insti
tuition were reelected to their former
positions.
In preparation for the filing Of in
come tax returns for 1919. the Bureau
Of Internal Revenue has establishe ed
Correspondence school" for tax
payers who will be assisted by the
trained experts Of the bureau in
making out income tax returns.
Field deputies and clerks of the bu-
reau will receive their instructions
from Washington, and will in turn
AID all taxpayers in the intricacies
Of the law.
In this connection, the Washington
chapter Of the American Institute OF
Ranking Is planning q. series Of spe-
cfal lectures on Income Tax" for
bank clerks and me nbers Of the
classes Of the local chapter.
Experts Of the Bureau Of Internal
Revenue and members of local bank
ing institutions are included among
the lecturers. The series will begin
January Z, and will be directly aimed
toward giving the bank clerk a bet
ter understanding of the income tax
Jaws, 80 that he might better serve
his institution and the customers of
his institution.
These lectures will be given in ad-
dition to the regular lectures of the
chapter.
TrAnactions in washinKton Gas
stock featured the trading on the
Washington Stock Exchange today, a
total of 130 shares selling at Al. Mer-
genthaler sold from 1854 to 1885 in
YO-share lots. Five shares of Capital
Traction stock changed hands at SO.
Washington Railway common was
considerably of today. Is shares sell
ing at 20.
The directors Of the Federal Ma.
tfonal Bank announced today that a
dividend Of - would be payable to
the g stockholders on January 1. 1920
.ooks will be closed from December
27 to 81. inclusive.
The Washington Market will nav
dividend of SO cents a share to
holders Of record December 2e, 1918.
on January 2. 1890.
The regular quarterly dividend Of
per cent Of the American National
Bank will be payable January 3. 1870
Books will be Closed from December
81 to 81.
A quarterly dividend Of 2 Der cent
VIII be payed by the District Ma
tional Bank December 81. Books viii
De closed from December 81 to 81.