Evening star. [volume] (Washington, D.C.) 1854-1972, 1920-11-05
MORE EVIDENCE OF
BANKS''PR0SPER|Ty
Increase in Stock Large
Earned on Capital and
Surplus 13 Per Cent.

John SHELTON Williams, controiier
of the currency. has turned out
other hatch of Interesting statistisS o
,.YIed from the reports OF the 60
old national banks under ms ear,
During the fiscal year endeu 'u sar
20 142O 36l charters were issusu io'
na,,onaI banks with capital OF s"i.-
az 200 and SOS national banks haHe
increased their capital oy si"f'oIo..ov,
The net increase in banking caPl'ai
after allowing for CONSULTATIONS VOL
untary iouidations and decreases IN
,ranitaI was S11S.S10.000. or % per
!-ant more than the increase IN any
wear since the inauguration OF the I'D
: tional banking system '.
there are now pending 2o' appiiea
lions for charters.
Gross earnings for the fiscal year
c, no re 600 are rs per cent greater
than the gross of 1914: while the net
( earnings s2S2.0S3. 900, are 80 per cent
greater than in 1919
only s31. 0OO. O00 of the losses charS-
ed off by all of the banks. was trace
able 10 unwisa discounts and loans
while s61 80. 900 were charged on on
.,crount of bonds and securities.
Taxes paid by the national banks
amounted to s1S4S4. 900: interest on
deposits s2S1. 631 900. and 10 fedora
reserve banks on loans; ,zo'ooo
salaries and wages paid TO the EN-
= S11J452.00O.
National banks have made ~ per
cent net on capital. Is per cent on
capital and surplus.
The controller calls attention to the
fact that the shrinkage in the vaiues
of the principal commodities during
the year ended with october 20. wv
rs the greatest in commercial MS
tory. not only in amount but IN pro-
portion to declines in former years
l.
lars 1t was preceded by a leapins
upward of values and prices from
1914 to 1919 almost beyond the ca
opacity of figures to express eompre-
hensively-"
Par Collections Upheld
Albert s. Galley. cashier of the
Lincoln National Bank. spoke before
his fellow. members of the Wasning-
ton Association of Credit Men at
their regular Thursday luncheon.
Referring briefly to some develop
ments at the recent A. b. A. con :
%ention of special interest to credit
men. Mr. Galley came out strongly
m favor of the par collection OF
checks by the federal reserve system.
He said that this collection system
lad been of great service to the bust
ness men of Washington. anu not
alone to the banks The conveniences
furnished local bankers for doing
were absolutely invaluable, and he
urged the increased use of the sys-
TEN.
Robert Mann will be the speaker
al the next luncheon, discussing con-
tiitions among farmers in the neigh
boring states of Maryland and Nir-
ginia.
Local Securities.
Washington Gas IS were a little
frmcr on today's session of the local
stock Exchange. selling at Is. Poto-
mac Electric debenture IS brought 80
and the consolidated SIS of the same
corporation brought 81. Washington
railway As sold at SIN.
Stocks were again slow, but gen.
orally firm. Railway preferred
brought 56H, Washington Gas. Az
and 100 shares of Graphophone COM
mon sold at 1SE.
Typesetters were entirely nominal.
Wall street has found the Hill shares
very ATTRACTIVE in the last day on the
belief that the preferred Great North
FERN and the Nipper shares are to have
valuable rights in connection with the
Burlington's plan for refunding its
s:15,000.000 joint As on JulyI.