The Washington herald., 1921-01-23
SEEDS OF THRIFT
SOWN LAST WEEK
WlLLBEAR FRUIT
Poole, President of
raj National Bank,
--a1s Results Certain.
AN ANNUAL EVENT
Business Men Hope to In
crease Effectiveness of Thrift
Week Each Year.

Benefits derived from the second
annual Thrift Week campaign,
which closed last night, cannot be
} measured at this time, declared John
Poole, president of the Federal Ma
uonsl Bank. who took a prominent
part in the program arranged for
bank day" during the week. ..
Propaganda which has been
spread in Washington and the en-
tire country during Thrift Week no
doubt has sown seeds which will
bear fruit in the future If not i'm
mediatsly. -
I think the idea to set one week
aside each year fon thrift is a Gap
itaAone and 1t win no doubt bring
into' line many persons who have
been prone to procrastinate in max
ing their will or in opening a saw
ings account.
Meetings Held.
"A number Of meetings were held
during the past week ana believe
that next year even more aCtivi-
ties will be planned to help put this
national campaign over effectively
In the National Capital"
The Thrift Week idea II fostered
by the Young Mems Christian As
soHiation. and c. L. Johnson, asso-
, ciate general secretary here, was one
Of those in charge of the local cam
paign.
1t is the plan of bankers, insur-
anCe men, real estate operators and
others who benefit by the education
Of the public along thrift lines to
enlarge on the scope Of the Thrift
Week activities in Washington each
year and increase Us effectiveness
To Offer Gas Notes.
Crane. Paris and Company, in
vestment banking firm, will offer TO
the public this week the $l,2OO,OOO
hye-year ~ per cent notes of the
Washington Gas Light Company,
approved by the Public Utilities
Commission several weeks ago.
There has been no official announce
ment on what terms the notes
will be sold. 1t is generally under
stood that the price will be 100 plus
interest since January 1.
Sale Of these notes will mark the
first time that a public utility note
or bond has been offered investors
on a basis to yield as high a rate
as ~ per cent, and reflects the rad
icaI change in the money market,
which was brought about as a re-
suit OF the war.
Trading in washington Gas Light
featured the activities on the local
stock Exchange yesterday. Fifty
Shares Of this stock were disposed
Of at call at 37k, and after call fifty
additional shares changed hands at
the same price. The sales were in
ID lots.
Ten 81 ) Of American security
and Trus sold at 225, and after
call two shares of the same stock
brought 226. Lanston was steady at
70. ten shares bringing that price
while three shares of Mergenthaler
Linotype were sold at 1904.
There was some activity in the
bond market. Two Washington Gas
IS, one of $1,000 and one of $500
were disposed of at IS, one Wash.
fnEton Railway $1,000 per cent
bond sold at 5S&, and one of the
Metropolitan Railway Company
$1,000 IS brought 91A. There was
also a sale Of two Capital Traction
$1,000 5s at 81.
At a meeting of the directorate
Of the Citizens Savings Bank, jan
uary 13, the following officers were
elected to serve during the ensuing
wear: L. E. Breuninger, president
william D. west, vice president; R
L. Neuhauser, vice president; Fer.
pand Petit, cashier, and Ralph H
Wolfe, assistant cashier.
William D. West. vice president
Of the Citizens Savings Bank, left
during the week for an extended
cruise to the West Indies, Costa
Rica and the Panama Canal Mr.
West expects to return to Wash.
inEton the latter part Of February
THE DOLLAR IN