The Birmingham age-herald., 1920-12-30
FEDERAL BANKING
 COMPANY ASSURED
Secretaries of Associations Meet to Perfect PIans-Cap-
 itaI Is Oversubscribed
By Associated Press

| New Orleans, December 29.-Secreta- ries of bankers associations of 2 states
 met here today for the purpose of per- fectlng plans to increase the capital stock of the Federal International Banking company from $7,000,000 to s10' '0oo,0oo. Reports made today .ndi- cate that the desired amount win be
 meeting here on January T.
 When the organization and campaign committees met here on December IT, only nine states were represented. with , reports, but these nine oversubsc ,ibed the s6,0oO,o0O mark by st.0oO,O00. Since that time assurances have been re- !ceiVed from North Carolina that the quota assigned to that state will be subscribed. An executive meeting of
 the Oklahoma Bankers association \, ill meet Thursday to take action on the matter Nothing definite has been heard from Virginia, but the secreta ries here today were confident that Virginia bankers will faa in line. for the carriage of passengers over the railway lines of petitioners throughour their respective systems and as the joint 'HeS Ol ldi . ttlWeeI Sd1Q systems Wher- ever joint rates apply, the fare mcn- toned to be applicable to each of the
 rare zones heretofore established and on Tile with the Alabama public service com-
 mission, excepting that there shall be i issued and sold books of family tickets without transfer privileges between Bes- semer and Birmingham at $5 10 per book of 90 tickets, and book of family tickets without transfer privileges, good ho G1t itxyn l.11 .,D- -D per book of 50 tickets, and books Of family tickets without transfer priv ileges, good between any two points On the line of said Birmingham and Edge wood Electric Railway company, at $251 per book of 50 tickets.
 OTHER ORDERS
 Tt is further ordered that said books shall be sold at convenient places to the public concerned, under and subject to
 the direction and approval of the Ala bama public service commission.
 This order shall become effective at
 midnight Friday, December 31, 1920 but
 the Alabama public service commission
 hereby continues the matter in which this order is entered for further action, and
 order in the premises at such times as it may see fit. and directs that the pet- tiopers shall file with the Alabama public
 service commission quarterly or montniy
 reports of the operations of the respec-
 tive petitioners under and in pursuance
 of this order.
 "The emergency increases in fares here
 by authorized are understood to be with
 out prejudice to any subsequent deter
 imitation of the commission as to the ac-
 counting disposition to be made of the
 net operating income or any part there
 of which may be realized under the in- creased rates hereby authorized.
 'In pursuance of Section IS of the Ala
 bama public utility act of 1920. this com mission would give most careful consid- eration to any agreement that might
 be made between the petitioner and the city of Birmingham looking to reor- ganzation of these properties
 ''The pending application is for an
 emergency fare of ' cents on the three
 street railway lines involved."Y