Evening star., 1922-11-23
DEFICIT IN OCTOBER
FOR W.-R. & {. CO.,
Potomac Electric Income,
$6,8O3 Less-District Ma
tionaI Opens 18 Branches.
BY 1. A. FLEMING.

Monthly statement of Washington
Railway and Electric Company for
October shows a deficit of S2,20SSS
For the same month of 1921 the
company reported a net income of
$4O.4SO.35.
The number of passengers carried
last month was 6,735.OOO, which in
cludes the company's motor busses,
as compared with 6,s9S, ooe sn October
OF last year.
Georgetown and Tenleytown rail-
way last month showed a deficit of
Sf.24l.9o: October, 1921. deficit. $1,29S.25
Washington Interurban Railway: Last
month showed deficit of $1,321. As: Oc-
tober. 1921. deficit. s294.69.
city and Suburban last month re-
ported net income OF s21.732.64: Oc-
tober. 1921, definit, $S13.92.
Company's busses last month re-
ported deficit of S1,356.30.
Potomac Electric Power Company
showed net income last month of $55.-
1868; net income. October, 1921, $62,-
1898.
District Nationals IS Branches.
The District National Bank has
opened eighteen branch offices. cover
ing the city very thoroughly.
Th1S wholesale branch banking has
been installed at small expense, rela-
lively, silent tellers, who not talk
back, being installed in the schools
of the District. where &hey have COM
menced working at rate that prom
1ses to save many of the Christmas
pennies. dimes and quarters, with not
a few dollars, and establish thrift
and savings in various sections of the
city.
The. automatic banks simply sell
stamps, of various denominations.
which the pupils then paste on
stamp book, after the manner of
using government saving stamps: the
cards being taken to the District
National when dollar or multiples
of dollars have been accumulated In
stamps. when bank notes are given
with the proper entries.
Mr.. Harper is enthusiastic over his
new ventures. early reports indicat-
ing that the pupils are buying stamps
VITA avidity.
one thing he fears. namely. that he
VIII be obliged to make collections
from the automatics daily or more
often than once week.
1t is understood that the District
National did not have to secure D. R.
Crissinger'S permission for this
wholesale branch banking move. al
though the controller would no doubt
grant 1t "as an aid to saving.
The Dinner Committee.
Committees having charge of the
Joint dinner of the District Bankers
Association and the Washington
Stock Exchange-and it should be the
dinner of the seasonal the New Will
lard January 90 are Eugene E.
Thompson. John l.. Edwards. George
Hendric, representing the Stock Ex-
change, and Aessrs. Joshua Evans,
tr.; Harry " Haynes, George W.
White. F. G. Addison. jr.. and Cor
coran Thorn, representing the District
Bankers Association.
Personal Mention.
r. Golden Donaldson. president of
hned to his home, following a severe
attack of grip.
Mr.. Donaldson, whose brain is al
ways as clear Is a bell no matter how
sick he may be-" continues to dictate
his letters and to keep an eye on the
affairs of the bank. His associates in
the bank hope he will manage to get
around again by Christmas.
Local Securities.
Capital Traction shares sold with
considerable strength on today's ses-
sion. of the local exchange at 1O2.
Lanston sold at II ex-dividend, equal
to IS y dividend on. decline Of about
IL points.
There was nothing doing in the
shares of Washington Railway and
Electric Company.
Potomac IS sold at 1861 to 1osA
and traction 5s, at 81.
Thompson Elected Director.
Eugene E. Thompson was elected a
director of the Washington Railway
and Electric Company at a meeting
held yesterday afternon, as an
nounced in yesterdays $50 edition
of The Star.
An Interesting Decfsion.
The Supreme Court of Oklahoma has
just handed down q decision on tax
ing of tax-free securities. 1t is
based on the right of states to tax
stock of national banks in the hands
of shareholders, "even If the entire
capital is invested in United States or
other non-taxahle bonds" as decided
by the United States Supreme Court.
Income from liberty bonds and tax
exempt securities is not involved In
the decision.