Evening star., 1922-03-06
MINIS ARE COMING
NEW PEACE DOLLAR
About 400, 900 of the Design
Are Now Being Turned
Out Daily.

All mints in the United States are
at work coming standard silver dol
lars, with an output of about 100000
day. The dollars are of the new
peace" design. made from new dies.
No dollars were coined during jan
uary while dies were being made.
Coinage of about 100000 dollars a
day compares with high point of
100000 daily last year. but the mints
now are working only eight hours a
day. whereas they were then running
three shifts of eight hours each.
On April l. 1918. before melting of
silver dollars under the Pittman act
was started. the stock consisted of
56S,269.5l5 dollars. Total melted under
the act. including some coins allo-
cated for subsidiary coinage, was
SI0.232.722. Coinage of dollars was<re-
sumed in February. 1921. and in the
first year, ended February l.. the
mints had coined S7.735.525 dollars.
Iringing the stock to 357.3S1.S5l
To coin the dollars melted will re-
Guire about 26S.000.060 ounces of sill
Yer. of which the Treasury has pur !,
chased to date close to 100.O0O,OOO
ounces.
Dutch Bank stock offered.
The American Express Company.
securities department. is making an
offering Of a block of the stock of
the Rotterdamsche Bankvereeniging.
The offering price of the stock, ac-
cording to an announcement made by
the company, is $3.50 nat per
forins 1000.
The Rotterdamsche Bankvereenig-
ing was organized on July l. 1911.
as an. anal gamation of several very
old Dutch institutions. 1t has a
great number of branches in Holland
Nd in hn nYfo CT it
was this company that engineered
the Kingdom of Netherlands guilders
loan in America, and which is one
of the primary group offering that
loan in Holland.
The fully paid capital of this
institution is forms 75,000.000. The
shares. which are being offered for
sale by the American Express Com
pany, are in bearer share certificate
form, with dividend coupons at
tached. and are in denominations OF
forms 1000 and 200. Principal and
dividends are free from all Dutch
taxes.
A.. I. b. Activities.
Victor B. Deyber. president of the
Second National Bank. will speak to
the elementary class. washington
chapter. American Institute OF Bank
ing. tomorrow night. taking. as his
theme. Everyday Bank Problems.
w. J. Waller. president of the insti-
tute. announced today that there
would be no meeting of this class the
following Tuesday. but that on the
night of March 20 an open meeting of
the entire chapter would be held at
the New Willard Hotel, when Edward
T. Splitter would speak on Foreign
Exchange"
Mr.. Splitter. who is associated with
Heidelbach & Ickeiheimer, foreign
exchange brokers of New York, is re-
puted to be one of the best informed
authorities on foreign exchange IN
this country.
Dancing will follow the lecture and
= buffet supper will be served.
Railway Ownership Acquired.
Charles Selden. jr., local attorney,
and president of the Black Top Coal
Company of Somerset, Pa. has pur-
chased the entire Indebtedness of the
Washington and Maryland Railway
Company. as of March 1, according to
an announcement made Saturday.
The purchase, which was consum-
mated for consideration approximate
ing S13O.OO0, makes MIR. Selden the in
dividual owner of this company that
operates from 14th and Kennedy streets
to the sanitarium in Takoma Park.
Prior to this the new purchaser en-
loved 40 per cent control.
The short line has been functioning
since 1906. 1t was originally the Bal
timore and Washington Transit Com
pany, but upon foreclosure proceedings
some years ago, the stock was bought
in and operated by the Washington and
Maryland Railway Company. A ten
year lease. executed in 1913, is held by
the Capital Traction Company.