The Washington herald., 1921-02-01
LOCAL COMPANY'S
EARNINGS PASS
PREVIOUS YEARS
Wash. Loan & Trust Re
port Without Equal in
Firms History.
FUNDS CALLED IN
S19,700,000 to Be Delivered
Treasury Department Today.
Other Financial Items.
FUNDS CALLED IN

A synopsis OF the recent annual
report of the Washington Loan and
Trust Company prepared by Pres
ident Larner and submitted by him
to the stockholders at their yearly
meeting, which has just been made
public. gives some idea OF the VOL
ume OF business transacted by that
company during the year 1920-in
many respects exceeding anything
in the history Of the institution.
A survey Of this synopsis indi-
Gates a gain in total deposits OF
"a. .s53. OIL .13. as Of December 81, 1890
over December 81, 1910, and a gain
over the same period, 1916, of So
S72,21s53, and a gain in total re-
sources over 1910 of S5.3S7,526.ls
\ total Of TO new accounts marks
the gain in this respect for the
year just ended.
Savings Department.
The savings department began
business on the 10th day OF Febru-
airy, 1919, and on December, 81,
1890, the total amount in this de-
partment was s1.647,4IS.o1. or a gain
OF S5sS,e1O..eS for the year 1920.
The average balance in this depart
ment for accounts was S277.70 for
the year 1920, and the average daily
balance during that year was ST.
2SO,3S9.S6.
Trust Department.
The business of the trust depart
ment for 1920 shows an increase
in both profits and total resources.
The increase OF the principal or
resources Of the trust department
for the year was S1.s740041O.
Real Estate Department.
Tho real estate department
shows an increase in profits for the
year 1920 over 1919 Of s1O,598.22.
There were no foreclosures during
the year and no additional property
was purchased by the company.
Safe Deposit Department.
During 1920, $40 new safe deposit
boxes were installed, which was
made necessary by the rapid rental
of all available space in the vault.
The total receipts from rental of
safe deposit boxes for 1920 was S14,-
$3.50.
Foreign Department.
The foreign department, estab-
lished September IS, 1919, did an in
creased business during 1920. the
volume Of business being S3,5OO,OOO
So great was the increase that more
space will be necessary to accom-
modate the demands of foreign
business.
A casual reunion Of local hnan-
Ciers occurred in Atlantic City on
Saturday last, Z. J. Stellwagen, T.
l. Hillyer, W. J. Flather and Harry
V. Haynes being the principals
The Treasury Department will to-
day take from national banks $19,-
100000 from the proceeds of the
January 3 sale of certificates Ap-
proXimately s177,3OO.OOO still re-
mains from the original sale aggre-
eating 1o,6S6,5Oo.
A H. Bedford. assistant cashier Of
the National Metropolitan Bank,
will address the elementary class
Of the local chapter, American In
stitute Of Banking, tonight on
Bookkeeping Department" taking
in all phases Of this important sub
ject
Wade H. Cooper, president Of the
Union and also the United States
Savings Bank, Is spending the day
with his brother, w. B. Cooper, re-
Gently elected lieutenant governor
OF North Carolina.
Robert N Harper president Of the
District National Bank, has select
ed the following personnel for mem
bership on the dinner committee of
the District Bankers Association,
Of which committee the colonel is
chairman; Harry V. Haynes, NJ D.
Rosenburg, W. W. Spaid. Joshua
Evans, jr, Wade H. Cooper and
Corcoran Thorn.
Intense listlessness again pervad-
ed the local speculative and invest
ment field yesterday morning, when
session utterly devoid Of anything
interesting was witnessed. A sale
Of ten shares OF Columbia Graphic
phone preferred was made at 50,
the first sale Of the year in this
security. A few shares Of Washing
ton Gas Light brought 37k.
The only business in bonds was
the sale Of $4,000 Washington Gas