Evening star., 1921-03-20

v.B. DEYBER. |
greatly pleased with the honor which
has come to Victor b. Deyber in his
elevation to the presidency of the
Second National Bank.
In his selection the Washington
Chapter. American Institute of Bank
ing. is honored. as he is a graduate
and past president of the chapter.
Washington Chapter now boasts of
six graduates who are at the head
of national banks. Victor B. Deyber.
Will Spaid, Harry " Haynes, John
Poole. George w. White and Ed s.
Wolfe. All rank Al as business men
and control millions of resources.
In the matter of cashiers and as
sistant cashiers, the Washington
chapter is largely. if not almost
unanimously, represented in local
banks.
Building an Income.
Pamphlets describing the ease with
which an investment grows il rein
vestment is made of the income each
year, are being given more or less
generous circulation.
Some of the most conservative
bankers in the country have been
forced to call in market experts to
investment in bonds. during the past
year. Very few bonds, rails, indus
trials or governments have escaped
in the severe post-bellum times.
A stable investment. guaranteed
never to shrink in value, and to be
paid off at maturity. would be a very
valuable one-provided the guaranty
was also just as safe.
That old saying that nothing Is
sure in this world but death and
taxes" has not deprecated very
much.
Wage Waste ON Railroads. -
The following is from ., S. -Bache
& Co.'S weekly review: ..y
Railway labor is probably better
paid for it's time than any other
labor in this country or in the whole
due to the rate of wage as to the
fact of the waste time which is paid
for. The money paid out for waste
time by the railroads of the country
in a short period. The methods un-
der which this resulted were inaugu-
rated during federal control, under
what are called the national agree
ments. The following figures. COM
piled by the bureau Of railway eco
nomics. show the distribution Of rail-
way income Of class 1 roads in the
calendar years 1917 and 1920:
rotsi asi" operating revenues. 1876 asi, ,oe sS @
Charges against operations: Pctg. Of revenue.
Fuel for locomotives. ........ 100 1914
Other expenses. materials and . ..
supplies. etc. III 2S.3
Railway tax accruals.. 53 4.e
Equipment and joint facilities
net rents. 90 -O9
We have quoted this merely to-
show that nearly So cents of the
l~h -
year. whereas before federal control
in 1917 only a fraction over 43 cents
was absorbed in the same way. From
information being placed before the
Railroad Labor Board, it would ap-
pear that this extra Is per cent was.
last week some illustrations Of this.
We quote from a recent informa-
tion sheet Of the railway executives.
further showing how the national
railroads. The incident was reported
by the st. Louis-San Francisco Rail-
way Company:
"A wrecking crew composed Of six
men leaves its home terminal at 8
am. and goes a distance OF nifty
miles to clear UP a wreck.
work OF clearing main track is
completed at 6 pm.
Grew ties up for sleep and rest
from to am. next morning
fWrecklnR OutNt IS equipped with
sleeping facilities).
Resume duty 7 am. pick up refuse
and arrive at home terminal 2 pm"
Under the national agreement IL Is
necesssSy to pay .t the entire crew
continuously 10 FOR IT. the ,,,n first twenty.
their home terminal computed as
follows: Z
From am. to p.m.--eight hours
straight time.
From pm. to IL midnfght-eight
hours at time -and-one half. or twelve
hours.
From 12 midnight to am tsleep-
ing) eight hours at double time. or
sixteen hours.
From am. to pm.-six hours
"A total of forty-two hours pay for
nine hours actual work, including
sixteen hours pay for sleeping
hours.
International Acceptance Bank.
The International Acceptance Bank
of New York. with $15.250, 900 capital
and surplus fully subscribed, will
commence business early in April. un-
der the supervision of the Federal
Reserve Board.
Paul NJ. Warburg is the chairman
of the board of directors and r. Alb
bot Goodhue president Eighteen
large national banks. trust companies
ana private banking HrmS are rep
resented among the shareholders in
this country and eight big fiscal
institutions in Europe
The bank proposes to conduct AnAn-
cial transactions of an international
nature.
Eighty Years Of Service.
This is the title Of a booklet Just
issued by Baltimore nrm Of Robert
Garrett & Sons.
The Arm was established by Rob-
ert Garrett in 1s40. Experience ID a
great teacher and eighty yeafs Of
experience with the various problems
that have been solved by the firm
certainly constitute an asset that
must be Of great value in SOLVING
the problems Of today ~ they de-
r>Snnp syht1lfv fop