The Washington herald., 1922-05-18
IN A N CTAL
DISTRICT BANKERS
ARE ASSURED HOT
SPRINGS SERVICE
Homestead Manager Con.
fers With Local Officials.
Federal Expenditures.

Washington bankers were as
sured yesterday that the Home
stead, Hot Springs leading host
elry. would extend every facility
to local financiers who will as
semble there in annual convention
June 10 to Il. inclusive. This as
surance was conveyed by C. 8.
Andersen, manager of the estab-
lishment. here in connection with
making final arrangements for the
yearly gathering.
Mr.. Andersen. who was cIoseted
with chairmen Of the various con-
vention committees. advised that
two extra orchestras have been
summoned for the occasion in ad-
dition to many increases in amuse-
ment service. The golf course. he
added. is in the, pink Of condition,
which alone Is a mighty big in
ducement to a Eoodly number of
District bankers.
Francis G. Addison. jr.. chairman
of =the hotel and transportation
committee. announced that reser-
vations are coming in exceedingly
fast, and warned that anyone de-
string the better accommodat tions
hsd-better wire in their orders at
once
Government Expenditures.
An appreciable decline in the
cost of running the government
during the month Of April. 1922. Is
disclosed In statistics made public
by the Treasury Department Total
ordinary expenditures during this
period amounted to s242 5so.96I.
which compares with s325.954.s36
for--the previous month.
For the ten months ending with
ApEjl 80. 1929. ordinary govern
rrent eVpenditures aEgrec ated 81
S1Ss76.15s. which Is considerably
less than the s4277s631ss for the
corresponding period Of 1921. and
shows a stiIl greater decline oFer
s5.116 a27.sS9 for the correspond ing
re-'nd two years ago.
During the month the public debt
VS. -educsd to the extent of SAL
279 aa7. which - classified az FOL
lows: Certificates ~ in Iehteduess
rsAeemed. ss1.313.OOo: Trea,ury
CU-arN savings securities redeemed.
s525e52733: old debt Items re-
tired. s11 2n0: First Libs rty binds
retired. s2S.e5O. Second Lii erty
bonds retired. s2231OO: Third LIB
erty bonds retired. s34.s3t 900:
Fourth Liberty bonds retired. s297.-
400 Victory notes retired. s23.Os2.-
700: national bank notes and Fed
eral Reserve Bank notes retired.
ssssz.f5O.
International EXCHANGE Dinner.
Joseph schiavone. president Of
the International Exchange Bank.
in behalf OF Officers and directors.
rendered a farewell dinner on
Tuesday night to Alfonso Tana and
John Baccairo, fellow directors.
who are sailing for Italy in the
near future.
The AFFAIR. which was held at the
Livera restaurant. combined busi-
ness with pleasure.
Edward yoiEt Entertain..
Edward voigt. jr.. president Of
the American Commercial and Saw
ings Bank. entertained officers. d.
rectors and friends Of his institu-
tion. in. formal banquet. held In
the Cabinet room of the willard
last night
The dinner. which is in line with
the better fellowship" movement
installed and advocated by Mr..
VriCt. was we'll attended. Appro-
pirate addresses were made by at
tending bank oficials.
MerrenthaIer DIvidens.
The regular 215 per cent divi-
depd has been declared on Mergen-
thaler shares. payable June 80 to
shareholders of record June 8. The
earnings of the company are keep
ing up well. April showing 11k
per cent. with indicated earnings
for the year placed at better thar
19 per cent. For the month of
April earnings were s1s2.546.