Evening star. [volume] (Washington, D.C.) 1854-1972, 1921-01-03
CREDIT MILLION ON
! INTEREST ACCOUNT
.Semi-Annual Earnings Are
Large-0ld Dutch Passes
Common Dividend.

Depcsitors in local financial insti-
tutions were given credit Tor many
hundreds of thousands of dollars TINS
morning on account of the semi
annual interest payments. 1t has al
ways been a difficult matter to esti-
mate with any accuracy the amount
of interest accredited customers by
banks.
Part of the deposits of national
banks are of the saving order, and
draw interest at 3 per cent; most OF
the trust companies pay per cent on
deposits. but recently savings depart
,nents have been added, and per cent
paid. while on certificates of deposit
even higher rates have been agreed
upon.
Savings banks probably average
nearer 4 per cent on their deposits
Than any other figure. but they pay
per cent on some deposits IneS
had on deposit November 10. the GATE
OF the last call by the controller OF
The currency, S242T9.000, which would
bring the semi-annual interest creult
10 depositors up to about 1851, 0Vo.
The trust companies reported SOB:
$1,000 which on a per cent p'sis
would give depositorS S5"l,13o accouht
of interest, and the natioIial pailNs'.
with ssJ.492 900. should show at least
$4,000. 900 to the credit of savings
depositors. at 3 per cent. when "ouiu
mean an additional s150.0Oo interest
On this estimated basis the banks
of Washington. provided they al
credited up six months interest TINS
morning. transferred from undivided
profits something more than a cooi
million dollars to their depositors.
Banks were decidedly busy today
interest coupons and DIVIDEND checss
of large amounts i'll the aggregate
we're deposited and the accumulation
of the double holiday business was
sufficient to make it decidedly iiveiy'
the making out of ownership cerln-
Gates for coupon holders adding to the
activity.
Old Dutch Market.
Owners of common stock in the Old
Dutch Market Company, We're inIorIn-
that the directors had deemed 1t wise
to uasss. the common dividend usually
nayable at this time. The regular
preferred dividend was declared
Local stocks Dull
Lacking the record-bulgms, loss
taking sales. the local market dropped
hack to its usual sluggish state
There wasn't the slightest eFloehce oi
any reinvestment of the January pay
ments. and the unintereSting session
closed with sales of siNty-four shares
of Washington Gas at 80 and $1,000
Potomac Electric at 81.
Elect Direct0rS.
Stockholders of the Firemen's Insur-
ance Company held their annual meet
ing this noon and elected directors as
follows:
John ". Brawner. Willard T. Dixon.
John L. Edwards. Park a. 0alleher.
Leonard w. Groomes. William NJ. Hof1-
man, Albert W. Howard, Charles Kin
die, George W. Moss. John II. Snyder.
schuyler s. Symons. James NJ. Woodland
and Allan E. Walker.
Appreciate Additional Compensation.
Because the executive committee OF
the Washington Loan and Trust Com
pany paid assistant tre2Surers. as
sistant trust officer and the full clear
ical force an added compensation
of 10 per cent of their annual sal
aries, lin appreciation of their faith
full and efficient services rendered the
company during the past year." the
benehciaries gathered and adopted the
following resolution: . =
Resolved, that the officers and the
clerical force above mentioned do
hereby express their appreciation OF
the attitude and the action of the
company in granting this additional
compensation. and declare 1t to be
their purpose. individually and to the
extent of their respective spheres. so
to coordinate their efforts with that
of the management of the company
that the year of 1921 shall bring in
creased business and profits. with
mutual prosperity and satisfaction.
and that they do heartily desire and
besi,eak for the company a cont;nu-
ance of the success. financial and
otherwise. which it's public spirit and
conservative administration 50 richly
merit