The Washington herald., 1921-07-27
E.HSMTHCOMPAM
DENIES INTEREST IN
BANK FORMATION
S. j. Henry, of Realty
Firm, Issues Emphatic
Denial.
SECURED NO MONEY
Do Not Intend to Take Part
In Any New Insti-
tuition.
SECURED NO MONEY

A hat denial that the F. II. Smith
Company was interested in the for
nation Of a new trust company.
which was printed yesterday after
noon. was made by S. ]. Henry.
of the realty company last night.
Various rumors have been cur
rent in local financial circles rela-
tive to the formation of a $1,000
900 trust company, for some little
time past 1t was supposed that
the company would be officed in the
remodeled building now occupied by
the Hotel Belyidere. on the corner
of Fifteenth and 1 streets north
west.
Since the F. II. Smith Company
recently obtained control of that
property as an investment. in the
line of their realty business. it
was sthought that the company
might be back of the proposed
bank.
Mr. Henry's statement to The
Herald says:
The published statement that the
F. ". Smith Company is interested
in the formation. of a new trust
company, to be located in the Belle
yue Hotel property. Is emphatically
denied by s. ]. Henry. of the F. Fl.
Smith Company. He states that
they have not secured any New
York capital or any other capital
for such a project and do not intend
to take any part whatever in the
formation of any proposed new n
NaI ~ ~. hi 80 y
File stock Forms.
All corporations which have not
yet filed their capital stock forms
for the period ending June 30, 1922,
should make prompt return. accord
ing to the Collector of Internal
Revenue Galen L. TAFT.
The last day for filing will be
July 81, and failure to file before
that time may subject a corporation
and its officers to severe penalty.
The tax is due on each full $1,000
IN excess of $1,000 of the fair value
of the capital stock ta- as calcu-
lated on the return, but every cor
poration must file a return regard
les of the fact that its fair value
will not exceed $1,000. Check in
payment of the tax should accom-
pany the return.
At the present time there are
about $500 returns outstanding as
only about one-third of the 5.10O
corporations have compiled with
the law up to this time. 1t is hoped,
however. that the full quota of re-
turns will be filed in the usual last
minute rush which seems to charac-
terize the filing of all Federal tax
forms
Grocery Combine.
Information to the effect that the
Sanitary Grocery Company, Inc,
has taken over the business of the
John c. Let's Grocery Company as
of July 22 came out Yesterday in
financial circles.
The new corporation, which is a
Virginia one similar to the one it
succeeds. takes over all the assets
of the John G. Let's Grocery Com
pany, including real estate. mer-
chandise. book accounts, machinery.
motor equipment. furniture, fix
lures. bank accounts. good will and
leases, together with all and singu-
lar the assets heretofore owned by
the said Let's Company and will
continue the combined business TN
der the name Of the Sanitary Gro
Gerry Company, Incorporated.
The John C. Let's Grocery Com
pany and the Sanitary Grocery Com
pany having been in operation since
1903, under the management of the
same corporate officers, it was
thought for the best interests OF
the two companies to consolidate.
The Sanitary Grocery Company
assumes and will fully dicharge all
obligations heretofore contracted
by the Let's Company.
The merger was effected without
any change in the ownership of
the corporate stock and business
policy heretofore maintained in be-
half of both companies
Tho financial stability will be
equal to that of the two companies
combined.
John c. Let's is president and
will be continued treasurer; E. G.
Yonker. vice president. and Harry
Hoskinson, secretary