Evening star., 1920-01-17
B. 30. EARNINGS
DURING Il MONTHS
Comparison in 1919 Made
With Corresponding
Period in 1918.

Had Baltimore and Ohio been
operated for its own. instead of fed
cral account. says the wall Street
Journal, during the hrst eleEeh
months of 1919. it would have earned
With other income computed on the
basis of the company's estimate Tor
the last six months of the year. at
The annual rate of 3s.6 per cent OF us
fixed charges, similarly estimated
This compares with actual earnings
of s5.s7 a share on the s152.31T 46S
common stock under government
compensation in 1918.
Net operating income of Baltimore
d Ohio for eleven months TO NoVeni- :
ber last amounted to to sS,zSau' .s con-
pared with $7,11s 2S5 for the same
period in 1918, S21 .59S,90s for 1917 ana
s2a54I.156 for 1916. Using the rail-
road ADMINISTRATORS estimate" thal
81 S34 per cent of annual traffic moves
IN eleven months. this return woulo
give a yearly rate of s5,6S1 ,1S4. Com
Oany'S other income estimated for SIX
months to December 81 last was
sl65512a Assuming that this repre-
sents half of the roads 1919 other IN
come. the figure for the whole Year
would be twice that amount. or
S3.31Oe4S making gross income
<S.e91 49e Total corporate income de-
auctions for the last SIX months or
-g1s were similarly estimated at
$ll.665, ,2S5, or at the annual rate OF
SZ3.ooV.JSt.
ON this hypothetical basis. the COM
pany would have shown deficit for
the year of s14.339,15s, or Ola per
cent of its total estimated hNed
charges The result would be some
what better than this, as the COM
pany's estimate of charges includes
federal income taxes. and on the by
pothetical basis used here. the COM
pany would have no taxable income
Columbia Bank Election.
At a meeting of the. directors of the
Columbia National Bank, held Thursday,
the following officers were elected for
the ensuing year: Albert F. Fox, presi-
dent, Charles B. Bailey, vice president !:
Benjamin w. Guy. vice president; car
ence Corson. cashier, and Arthur n.
Mitchell, assistant cashier.
AT meeting of the Southwest Hous-
ing Association, Inc, held at sl9 u
street southwest, on Friday, December
t6. the following officers were elected
for the ensuing year: Benjamin Rob-
inson, president William Haney, vice
president Frank Thomas, treasurer !:
Richard c. Brookes. secretary; Richard
Il. Chairman, assistant secretary Sam
uel Hill, chaplain. Board of directors ::
William Haney, Samuel Hill, Lander
Perry, Robert n. Thompson, Samuel
Williams, Benjamin Robinson and Rich
ard H. Chairman.
Citizens Savings Bank Election.
The Citizens Savings Bank of Wash
ington, d. c., held it's annual meet
ing of shareholders at the office of
Leo P. Harlow, Alexandria, Va, on
Wednesday and elected the following
board of directors: ]. A Bailey, Wal
lace D. Bassford. L. E. Breuninger,
Florence NJ. Brown. Daniel v.
Chisholm, A. P. Clarke. jr.; o. r.
Evans n. S. Faucet, S. Sidney Forst,
Herman E. Gasch, S. Fred Hahn,
Homer L. Kilt. r. l.. Lamb, Tom
Moore c. C. Murray, Roy l.. Neu-
hauser, Mary O'Toole. William S.
Phillips, Judge John W. Price. Thomas 5
Sommerville, Lewis NJ. Thayer. Frank
L. Wagner, DR.. John E. Walsh and
William D. West.
Mr.. Sommerville was the new men,
ber elected to the board. The board
will meet on Tuesday, January 90, to
elect officers.