The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1922-01-28
CAPITAL TRACTION
EARNS Sl,4ll,7O3.B
DURING PAST YEAR
|1921's Net Income Gains
SS5,631.22 Over Pre-
viOus Period.
EXPENSES DECLINE
Total of s3,22O,74O.S9 Shows
Decrease of Ss1,320.99 Over
Year of 1921.
EXPENSES DECLINE

mo net income of the Capital
raction Street Railway Company
tor the year 1921 amounted to ST.
ll.IOS. 2S. according to reports re-
feived late yesterday by the Public
Utilities Commission. This sum Is
fSo,bSl.22 in excess OF the earnings
Tor 1890. the report shows.
The total railway operating reve-
bues for the period amounted to
5,5O1. 200.35, which Is gain Of
34,6S2.o6 over the previous period.
halfway operating expenses SUI
ered a decline of ss1,32O.9s for the
period. amounting to $500. 7io.s9.
eaving a net operating revenue OF
2.2s0.459.46.
Taxes assignable to railway OPP
ration during the period amounted
s573,51s.59 which is s31.792.02 in
Excess OF the previous year. This
mount is listed as follows:
25.Ss6.7S on real estate; s12.337 on
|spital stock; s217.546.79 on earn
nSs S2S3.15l.16 on Federal in
pine, and s35,097.SS on crossing
policemen.
The incorporating income for the
ear amounted to slS.i1l.5O which
exceeds the previous year by So
ESQ. and leaves a gross income
s1,725,35I.37.
Deductions from the gross in
pine amounted to S31S.64S.US. ac-
punted for, as follows: Rent for
based roads, s12.043.45: miscel-
neous rents. s1,629.3l; interest on
1nded debt, S2sO.3oO.00: interest on
hfunded debt, sl5,209.33. and So
be for miscellaneous debts. These
Fductions exceed the previous year
sT.ss2.s1.
The report further shows that a
Ital OF S9.756,116 miles were ira
frsed; that a total of 73.4T4.329
gular fare passengers were car
ed together with 2.43S.62S revenue
ansfer passengers. making a to-
u of 75,912.957 total revenue pas
kngers carried. Free transfer
assenger carried totaltd 1896. $50.
assenger revenues for the year
mounted to s5.472.s24.40.
Federal Reserve Ratio.
Reserve ratio for the combined
ederal Reserve system now stands
77.2 per cent. compared with
30 per cent a week ago and 400
Pr cent a year ago. This point is
pc highest reached since Septem-
er 81. 1917.
For the Fifth Federal Reserve
strict- in which - listed all local
links. the ratio is 46.7 which Is
liver than any other district. One
eek ago, the Richmond ratio was
So per cent, and one year ago 1t
as 47.4 per cent which is higher
Han the present ratio.
Improvement in ratio is proceed
z more rapidly than IL did year
go. For the four weeks ended
Rnuary 25 the advance in ratio
as 81 points. For the correspond
g period a year ago the advance
as only s.6 points.
Cash reserves now stand at s2,-
bs,s55.oOO, the highest point ever
eached. representing a gain of ST.
BIO. 900 since last week Loans were
Fduced approximately s7s.0Oo,o 900
Iring the week and now stand at
b32. $50. 900. Contrasted with a
EAR ago the decline in this account
mounts to s1,6Ss, 651. 900. Com
hred with the peak of loans re-
Ictions have been materially above
200. GOO. 900.
Deposit liabilities were reduced
.ooO. 900 during the week, and
ederaI Reserve notes in actual
regulation declined s45,00o.ooo,
Bank of Damascus Election.
At a recent meeting of stockhotd-
OF the Bank of Damascus, Da-
ascus. Nd, the following directors
ERE reelected for the ensuing
rar: s. W Beall. DR.. George NJ
over. d. F. Brown. William r. de-
ashmutt, Sherwood Duvall, DR.. V.
Dyson. DR.. John E. Gardner, ]. r.
ling, Alva A Moxley, S. E. Null
nix, A. E Phoebus, c. W. Souder,
r. Souder, r. l.. Stanley. G. W.
Tatkins and B. M. Woodfield.
At the organization meeting i'm
ediateIy afterward, the following
mcers were chosen for the year:
resident, william II. deLashmutt
Ice president. DR.. George NJ.
Dyer; cashier, A. W. Souder. and
assistant cashier. John Z. Hager.
A report Of the banks condition
As submitted showing s131,S00 as
btaI deposits, which, considering
e facts that the bank has been
lnctioninE but eight and one-half
ouths, and the environmental
buntry, is held to be a highly COM
endable showing.
9 andard Savings Admitted.
At q recent meeting of the WASH
zton Clearing House Association
Ne Standard Savings Bank was
knitted to associate membership.
clear through the District Ma