Evening star., 1922-03-02
URGES CANCEL|NG
ALLIES WAR DEBT
J. H. Tregoe Says America
Would Get the Money Back
a ThousandfoId.

Cancellation of the allied war debt
| with the understanding that the for
! eign nations affected will get their
houses in order" was strongly urged
by ]. H. Tregoe of New York, secre-
| tary-treasurer of the National Asso-
! citation of Credit Men. at the mid
winter ladies' mite" entertainment of
the Washington Association of Credit
! Men, al the new City Club last night.
Mr.. Tregoe said that if this is done
America will get her money back
thousandfold. and will stand among
the nations of the world as "a nation
| with a heart
He said further that in the days of
Washington, when the nations of the
world were not SO closely connected
by cable and ships. America could af-
ford to isolate terself but that now
she cannot stand alone. but must par
ticipate in the affairs of the world.
Edward p. Bailey of Philadelphia.
chairman of the bankruptcy commit
tee of the National Association of
Credit Men. a delegation from which
appeared before subcommittee OF the
Senate judiciary committee YESTERDAY
regarding amendments to the national
bankruptcy act, spoke briefly about
the importance of the act and the
proposed amendments.
A musical program was presented
/, by the quartet from the Mount Yer
non NJ. +. Church, after which Mrs.
~ L. Pennington led the assembly
IN community singing. +. 3. Adams,
PRESIDENT of the local organization.
presided.
Blowing Somebody Good
Recent failures of weaker brokerag"
houses and the general newspaper
campaign against bucket shops ar"
bringing new business to conserva-
Wall Street Journal. Investors who
have been careless about their brok
ers are now looking for the safes
houses to which they may TRANSFER
their accounts. A member of on"
firm. among the oldest in Wa.
street. says the paper. remarked thai
most of these new accounts are small
ones. The average large investor an-
parently has had the wisdom al
along to be careful in selecting his
broker.
Decrease i'm c. & T.. Income.
The net income for the Chesapcak"
and Potomac Telephone Company IN
January showed a slight decrease. as
compared to the previous month a
December, according to report filed
by that company with the Public
Utilities Commission yesterday.
The net for January was S93.S6s.
while the net for December was
Ss1,42S. The rate of return remains
just about where ii was for the year
1921, something between 5i2 and
per cent.
The total income. the telephone OPP
Grating revenues for the month, Were
$43s.002.51, from which telephon~
operating expenses of s3i3.652.59 arr
deducted. Other deductions includ'
taxes of s29.500. which had to b"
taken off to arrive at the operating
income of S93, 1872
Among tie expense items is one OF
Sl16.105 for operators wages, th'
largest single expense item for thr
month.
! During the month of January thu
Chesapeake and Potomac added 10
it's special account s126.451 for new
construction and new facilities for
subscribers.
Will Finance Building.
At meeting of the Realty Finan""
and Investment Company. a new cor
poration organized to assist in meet
ing the demand for money in financ-
ing building operations in the Dis
trict with Offices in the Bond build
ing. the following officers were elect
ed yesterday: w. Gilbert Dent. presI-
dent; Dale S. Venables, vice president,
and Harry T. Boswell, secretary
treasurer.
Those connected with the concern
are Thomas r. Asquith. of the real
estate firm of c. w. Simpson Com
pany; Henry T. Boswell, American
National Bank: W. Gilbert Dent, pres
ident of Gardiner & Dent. realtors; T.
Howard Duckett, counsel: l.. Morgan
Johnson. builder; Phillip NJ. Julien.
architect: DR.. George a. kingstat, op
tician; George T. Parker. president
Federal Underwriters; Winfield Pres
ton. builder. Graeme T. Smallwood.
realtor: Henry T. Tallmadge of W.
D. Campbell Company; Dale $. Ven
ables of Philip T. Hall. Inc, and Rob
ert S. Wright, fiscal agent.