The Washington herald., 1921-11-24
Less RHETORIC
And MOREFACTS
URGED BY ALBEE
Vaudeville Magnate Asks
For Square Deal for
Business.
OTHER LOCAL NOTES
Riggs Rewards Older En-
ployes-Interesting Session
%On d. C. Exchange.
OTHER LOCAL NOTES

The future prosperity of the coun-
try lies in the hands OF the busi-
ness man." said E. F. Albee, pres
cult. In an interview with The Herald.
TT is the employers. the men who
accept the hazard of the business
game; the men with faith in the fu-
ture and the courage to dare. who
must restore normal conditions to
America 1t is not the finsncier who
advances money on excellent collat-
eral and who exacts his percentage
and in the event of failure prac-
tically conhscates the business. who
Will retrieve the country from the
unrest. the spirit OF BQlshevism which
threatens to pervade IT," said Mr..
Albee. The nation must now look
to its business men. to the employ
ers of labor. to set the wheels of
commerce turning again.
AND yet it Is the business man
who Is being taxed until the life
blood Of American business is run
ming white. 1t Is the business man
who risks everything in his faith
In returning prosperity, who is not
being given a square deal 1t Is
time for our legislators. our press.
to wake up. 1t is facts we need.
not, rhetoric. The future of this
country lies in the hands of the
men who made its greatness-the
American business man"
Mr.. Albee Is well qualified to speak
authoritatively on this subject by
reason OF his capacity as head OF
a national business of tremendous
wealth.
Riggs Employees Rewarded.
The Riggs National Bank yester-
day paid additional compensation
equivalent to one months salary. to
all employees in their service prior
to July / of this year.
VIII Observe Holiday.
The Washington Chapter. American
Institute OF Banking. will stand ad-
journed tonight on account of Thanks
giving. This win in no way disrupt
their schedule. as provision was made
therein for the holiday.
Likewise. all local banking insti-
tutions, the Washington Stock Ex-
change, together with all national ex-
changes. will remain closed.
Local Securities.
Yesterdays well variegated trade
on the Washington Stock Exchange,
covering a broad list, was featured
by a further gain to 135 in Mer-
genthaler Linotype stock offset by
a decline to 50 1-2 in stock of the
continental Trust Company. This
fatter figure represents a decline
of approximately 20 points under
the quotation one year ago.
gage and refunding Is sold to the
extent of $500 at 102 1-2 with the
IS of the company selling at 81 "a
with Railway As remaining fixed at
81 L.. Riggs Realty long term SIS
brought 80.
Stock of the American National
Bank was sold at 1877 while that of
the Union Trust Company brought
1iS 1-2.
Bank Clearings.
Bank clearings of the larger cit
les continue to decrease right along.
New York is the leading sufferer in
this respect. yesterdays showing be-
ing .S824, 4,907.419 off from the corre-
spending day last year. Chicago
lost sI6, 500, 900; Philadelphia. s18,-
SsO,Q20. and Kansas City, s5,455.2sS,
in the same comparison.
Guaranty Trust Statement.
The statement Of condition of the
Guaranty Trust Company, of New
Yorkig as of November Is, 1921, is
sued yesterday. shows total re-
sources of 542.229.313.s0 and de-
posftsH of s425.s57 .452.07.' Capital
surplus and undivided profits total
S4l!553.791.10 and notes. bills and
acceptances rediscounted with the
Federal Reserve Bank amount to
S17.925. 900.