Evening star. [volume] (Washington, D.C.) 1854-1972, 1920-07-20
COMMITTEE NAMED
1, ON VIVA. NOTES
Default in Interest on ST.
+ 100000 Securities Held
Here and Philadelphia.

protective committee for the
Washington-Virginia Railway Company
series A and note issues. which have
defaulted in interest. has been named
with r. Golden Donaldson. chairman
or the board of the Commercial Ma
tfonai Bank. and Ciorence F. Norment.
president of the National Bank of
washington. as two of its members
Ihere are approximately S1.4o0.o00
OF these notes outstanding. largely
neld in Washington and Philadelphia.
ihe Observation-Disclosures Railway
company was chartered in 1918. and
and Mount Vernon. Those who will
serve with Messrs. Donaldson and
Norment on this protective committee
are: Van Lear Black. president of the
Fidelity Trust Company of Baltimore
CSoseph Wayne, lr. president Of the
Graham of Graham. Parsons G. Co. both
of Philadelphia.
Morse Becomes Manager.
Frank p. Morse. well known Wash
ington newSpaperman, was the re-
cipient yesterday of congratulations
from his many friends on assuming
active management of the Washington
ONCE of Frazier & Company, investment
bankers, 927 18th street
Mr.. Morse is native Westinghouse
and before entering the newspaper field
was for ten years connected with the
Riggs National Bank. where he spe-
ctalized in the handling of securities
During his newspaper career he was
Tor number of years dramatic editor
OF the Washington Times, leaving that
PAPER TO accept similar position with
tne Washington Post.
Two months ago he accepted posi-
tioh with Frazier & Co. and for
thS past several weeks has been re-
Viewing and analysing the investment
situation from the Philadelphia and
Baltimore offices of that organization
he returned to Washington several
ways ago and yesterday assumed his
new duties as manager of the COM
pany's local office. Head Offices of
FRAZIER & Co. are in Philadelphia.
with branches in New York, Pitts
oursh, Baltimore and Washington
Capital stock Tax slow.
Returns for the capital stock tax must
De made to the collector of internal
revenue at Baltimore by all corpora
tons in Washington by July 81. There
are approximately 1000 corporations in
the Maryland district, which includes
the District of Columbia. and
returns have been made to date. The
tax is imposed on the fair value of
the corporations capital stock in ex-
cess of $4,000.
Convention Outlook Auspicious,
w. W. Spaid. vice chairman of the
hotels committee. reported at a spe-
cial meeting yesterday of the execu-
tive committee in charge of arrange
ments for the forthcoming bankers
convention to be held in this city in
October that to date 400 bookings, to-
falling 500 individuals. had been re-
fronting those in charge of the con-
ventfon now is not how many will
come" but where will we put them?"
1t was agreed at the meeting yes
terday that all vice chairmen of COM
mittees become members of the exec
ance included r. n. Harper. chair
man. George w. White. George o.
Watson. Harry v. Haynes. w. j.
Walker. Maurice Otterback. F. G. Ad-
Olson. w. w. Spaid, John Riordon and
George vass.
e. J. McQaade in New York.
Edward J. McQuade. cashier of the
Liberty National Bank. left for New
York last night to attend the regular
monthly meeting of the Mergen-
thaler Linotype Company. of which he
is one of the directors. Mr.. McQuade
will return to the city tomorrow
morning.
No Sympathy for Strikers.
The consensus of opinion among
local bankers regarding threats OF
strike by railroad men is summed up
in statement of a leader in the
financial district, who said today:
There will be little sympathy with
the railroad men who start making
threats before the award of the
board"
b. 4 o. Gross Revenue Report.
Gross revenue of the Baltimore and
Ohio Railroad Company for the first
five months of this year is reported
as $S2,201,S15. an increase of ST.
675,1S0 in comparison with the SINH
lar period of the year previous, when
the gross revenue was $e4,526,635.
Net revenue for the first five months
of this year was s1.141,o79. whereas
the same period of last year showed
a deficit, after all deductions, of $5.-
25s,344.
Trading on the local stock exchange
today was confined to odd lots of
Continental Trust. Washington Gas
and Columbia Graphophone common.
Two ten-share lots of the first
named brought los, and one ten
share lot sold for 1o4k. Three lots
of Washington Gas, twenty-five
twenty and fifteen shares, re-
spective1y, scid at ~, and one frac-
tional share of Columbia Graphcphone
common brought 80.