Evening star., 1921-10-25
|RE|NG TO STOP
FRAUD ON BANKS
rchange of Information
/ lakes Association More
Helpful.
BY I. A. FLEMING.

first movement looking to an
knge of information and to mu-
assistance in keeping down
Aries. etc, has started in WASH
Pn with an interchange of sigma
between bank officials au-
zed to sign for their banks.
i District Bankers Association
b that this be done. The Citizens
hgs Bank, through its cashier,
inand Petit. has set a good ex-
e in sending it's official sigma
to all banks at the same time
eSting that other banks return
authoritative autographs on
inclosed for the purpose.
Pmpt attention to this matter may
be preventive of a loss by forg-
is equally essential that there
Id be a quick exchange of in
alton between banks as to any
|npt to hold UP bank. to secure
lash on a forged check or in any
ftimate manner.
order to disseminate this infor-
on. it would be a good and in
|nsive plan to have the bank upon
fh the fraudulent effort was made
'ediately call up tie nearest bank
he immediate neighborhood and
the full information in the least
fble space of time; let the bank
called pass it along to its near
heighbor bank, and the news dis
mated. Thus the needed infor-
ION would be given quickly and
Rpughly. and probably in less time
the information could be dis
hted through a central office and
|linly with much less expense.
r. bankers association will in
Ee in usefulness when its men,
tlip assumes cordial relations and
|anges information of valuable
|,icter. 1t is l. hopeful sign.
" Vashington Gas Co. Prepared.
e Washington Gas Company is
Jared for a strike on the railroads.
practically independent of the
foads in the matter of obtaining
supply of oil. The big oil carrier
[guay is expected to dock some
4 today and discharge 1.250.00O
|ons of gas oil into the tanks of
company. In all. the company has
10000 gallons of oil and more
|ing by boat from Marcus, Pa, on
Delaware river. near Chester.
company has purchased much
lp oil and this is the reason for
remarkable Improvement in the
|pany's business.
Potomac Bonds Sold.
(e Offering of 5000, 900 Potomac
raj and refunding Is on the market
erday was taken in short order,
hington investors quickly absorbing
quota allotted to this city. Appli-
pm will be made to list the issue
he local stock exchange and trad
i'll the bonds will start in a day
wo at the longest.
cretary Mellon today called for 10
eent Of the balance In banks arising
the saae~of certificates and notes
is nIene thss, $4,000, 900 must be
intH xerat reserve banks by
rsday eaviu ss1,0O0,000 credits
the last Certificate and nee sale
with feexbSnks.
now FoksS. as If the needs of
Treasury fossthe few remaining days
Of this balance. but that il will be
smSsr ssary Ser R federal securities with
Lower D1Ac0Qnt Hutes.
le chances arc favorable for low
iscount rates in the near future.
: &c per cent of the loans now
led in reserve banks are COM
,ial loans. Government securities
led by the banks as collateral for
$ amount to but s459.000,O00. a
Iction of s7i0,000.000 in a year.
.serye banks circulation is three
8 as great as the commercial
s. Call money is generally loan
to fully employ as large an
n this market.
unit of money as they would like
lie suspension of Smith, Andrews
.arston, a late conner in the local
l street field, has been announced.
firm recently opened branch
e here, the home office being in
imore.
lie suspension was entirely with
local effect
Local Securities.
Iblic utility bonds were strong on
local stock exchange today. As
ey becomes easier bond prices are
ned to strengthen.
lpital pEaetion 5s sold today at
a neE high on this movement.
way ~ were steady at 59a and
,mac Consolidated 5s brought Sc.
ergenthaler was firmer to 123.
ailway spreferred advanced to 81.
e Northeast Savings Bank will
e into it's new home on the north
corner of ii and sth streets
heast on Saturday morning next.
!e new home of the bank. which
also house a branch post office. is
of the handsomest of the many
ltiful bank huH2ings Of Washing
1t is constructed of Indiana lime