Evening star., 1920-04-20
? 6l25|SAN
IMPORTANT BILL
-. ;,',s for 8 Per Cent
T o:,,-0ther Changes In
District Code.
ny A. FLEMING.


District Code.
BY I. 4. FLEMING.
y ;; co2a 10 a much more important
:, than bankers generally have
also moro important than the
-. interests Of the city have APP
sensed.
measure. should II become law.
chances for Il are said to be
;. will simplify the District
= soms matters that have here
aen in controversy between The
legal talent. namely. the pro-
=: i1ich permits bankers TO charge
- nsr cent OH loans.
y hill, which has passed both the
nd Senate, but which has yet 10
onference because OF a simple
ent delaying effectiveness thirty
..ached by the Senate, Will per
,'kers to charge per cent Tor
nat Is, agreements In writing,
= : IS not the habit Of bankers to
,ans verbally.
': ua increases. or will when ef-
., the rate from per cent to
rant; 1t also goes IN the flductary
5 Of the code. and especially
- the share Of the husband In
ient wife's estate. Under the
L provisions Of the code the
nd is entitled to all the per-
estate Of his wife.
service is reduced from the
II term to one month.
Of the provisions of the pro-
law is decidedly important to
companies. allowing the latter
real estate for their own use
value of the entire capital and
IS of the institution.
= re are other numerous and spe-
changes in the measure.
:, 6025 was drawn and recon-
,aed by the District Bar Associa-
-"as designed to meet a necessity
VS. city Money today is more
sale than in any normal period
-ofore. The demand for it is ur-
= and exacting. The extreme high
a of products. manufactured and
real estate the high wages and
demands for cash by the govern
in the conduct of IT'S business
made for larger use Of the cir
ting medium.
. : investment market yields and
cent in the purchase of high
q bonds, and the New York stock
Il
,ius funds at rates varying from
10 per cent. and even much
jar.
higher rate is said to have been
~ ssary in the District to get the
from the banks for local pur
=. as they naturally seek the go
rates with safety and speedy re-
when wanted. Moreover. 1t Is
Z. mad that Qualification of the
re on the subject was needed.
Deserved Recognition.
:. J. Ayers. president Of the Central
.,nzs Rank, was recently the recip-
g from the officers and directors of
institution Of a handsome silver
vice as q token of their apprecia-
/ Of his faithful services extending
!. three years. The interchange of
,pliments was helpful to the in
esta Of the bank.
want Banks to Sell Tickets.
he Washington Railway and Elec-
Company has addressed a form
.er to bankers asking for their as
lance in the handling of the new
xets or tokens incident to the
.nge in fare on the street railways
and after May 1. Banks are asked
take the tokens and sell them in
,cks to intending buyers-the pub
generally-with q view of lessen
: the annoyance and disturbance
.ough the demands that will other
sc be made on conductors for tok-
o.
Loeal Secufities Neglected.
The local stock market was neglected
day-all orders withdrawn. The ac-
N II the plain result of uneasiness
er the situation locally Of the street
Ilway problem and the new fare regu-
ions
Railway common sold at TN: the best
I later was II. with % asked: the
efeffed was offered at so. with 49A
|. Capital Traction was offered at
y. with S7lz bid.
4 small lot Of Lanston sold at s1h.
4CertlAeate Sale ClOaed.
Secretary Houston announces that
easury certificates dated April Is sold
the extent Of about $3.50. 900, 900 and
at the sale closed last evening.
Bankers' Meeting.
No business Of Importance was trans
ted at the District Bankers Associa-
N meeting last night other than in
airing reports Of progress regarding
e two conventions now being consid-
ed-A. B. C. and District Bankers As
The Gridiron room at the
lizard Hotel viii be headquarters Of the
mixers as soon n q permanent secre-
ry il selected.