Evening star. [volume] (Washington, D.C.) 1854-1972, 1919-01-08
TRACTION CO.
ELECTS ITS OFFICERS

LLlUIU uU VI IUlNU
| The Capital Traction Company to-
day elected officers for the ensuing
year as follows: George L. Hamilton,
PRESIDENT: David S Carll, vice presi-
dent; John H. Hanna. vice president
| in charge of operation: r. D. Simms,
treasurer: H. D. Champion. secretary
The following were elected direc-
tors: George T.. Hamilton. Edward
| }. Steilwagen. John S Larcombe. Da-
vid S. CARL. Benjamin W. Guy. John
Nj. Perry and John II. Hanna.
Liberty bonds are dull but very
much steadier than they were in the
holiday season. The declining ten
dency has been arrested and there are
indications of an upward movement.
! They are selling too low on their
i interest yield and the security be-
hind them. but there have been de-
mandS 10Y money in so many other
directions that liberties" have been
fed INTO the market faster than they
could be digested by the investing
public. Henry Clews Il Co, COM
menting on the situation in liberties,
says:
The sharp fall in liberty bonds at
tracted considerable comment. espe-
cially when contrasted with the ad-
vance IN government bonds of the
allied nations; the British and French
issues having shown mar'sed ad
vance since the armistice. The rea-
son for the decline of liberty issues
seem TO have been selling by small
holders for holiday trade, by large
holders to prepare for the next loan
or TO release large sums thus tied up,
While not a lew big holders sold to
establish losses for taxation pur-
poses. Still another cause of weakness
was selling aof bonds that had been
distributed as dividends
Banking Glasses to Be Resumed.
Announcement is made by the
Washington Chapter, American Iusti-
tute of Banking. l.. J. McQuade presi-
dent, that Classes in banking viii be
resumed on Thursday evening. Janu-
airy ., AT o'clock in the chapter
room. l2l4 f street The lecture on
January . will be given by Francis
Ii Addison, il. treasurer of the Home
Savings bank, and his subject will
be Interest. The lecture will be
preceded by quiz on "Promissory
Noes and Discounts by Tracy L.
jeiIords of the Washington bar
Herbert W. Prim and Harry L.
Dow ney of the Washington Loan and
Trust Company have returned to
their duties with that institution
The board of directors of the Fire
mems insurance Company at its an
nua' meeting yesterday afternoon re-
elected for the ensuing year the fol-
lowing officers: Alan T. Walker
president. George " Moss, vic. pres
ldent: william n: Hoffman, secre-
tary: James n Fitzpatrick and AL
bert W. Howard, assistant secre-
tarieS
Gain in Deposits.
The compilation of the retarns
made to the controller of the cur
reney under his current call will
show d large gain in the total of
deposits. Under the calI'of November
| the total deposits of the national
banks was s7a,i51.25..a3 against
s's.32S.266.os on the previous call OF
August 81. showing loss of
SIS ,0eS.s5. The total deposits of the
'aTinss banks on the November call
was s25.51o 3o5.1I against S23.S6o,-
1850 on the August call, a gain of
50,01s,l.. The return of the trust
companies showed deposits of s40.-
s22.421;ss agains, $500. 1880 on the
August call
Patriotic Record of D. C. Banks.
In view of the recent letter from
the governor and chairman of the war
loan organiZa ton of the fifth federal
reserve district to the banks of the
District of Columbia, urging upon
them the desirability of subscribing
to the new series of Treasury Ger
tificates of Indebtedness to at least
y per cent of their gross resources,
it is interesting to take from late
circular of the Treasury a statement
of the record of the District banks
in the matter of the previous issues
of Treasury certificates of indebted
M no q he riy,fi Sarat Of ha