Evening star., 1922-12-30
annual C[EAR|NGS
SHOW new RECORD
Total for Year, $ss0,4s1,
620, an Increase Over 1921
of$104,087, ,000-Notes.
BY ]. A. FLEMING.

BY ]. A. FLEMING.
The best business year in the bank
clearing record Of tho city Of Wash
ington was the good old 1892. now
rapidly nearing its end.
The exchange Of money in the nat
ural conduct OF business. IN the great
real estate and building operations. in
the increasing and higher priced 60
curities. purchases and sales. the pay
ment of semi annual taxes In Sovem-
Der instead OF all taxes in May. 1898;
the generous holiday trade that has
never before been equaled in WASH
ings Of $9So.+91.S20. unprecedented IN
the record Of the city. $lot.o87.0o0
greatAr than those of 1921. and larger
than the record OF any preceding
Year.
Washington has gone forward
steadily wear by year-a protracted
increase In annual clearings rensctins
increase in business each year since
1914. with but one break IN the an
nuaI increase last year. showing q
falling on, as compared WIN wv o'
less than $4,000.
The figures from 1916 to date are as
follows: 1915, $410.073.957: 1915, $<il,-
O4l,76s: 1917, e56S.s44.72S; 1919. VIZ
S90l79; 1919, $S1<,762.141: 1890. $eS1.-
1os.s44: 1891. $s7s.4oS.7os. and 1s3:.
3sso.+s1.S20.
The present years clearings show
gain of over 130 per cent OF tho
clearings of 1915.
The clear!ngs for the month ended
today so far as business At tho banks
is concerned. That the current month
was the best ever from the standpoint
of business is evidenced by the largest
monthly clearings on record. ssl.eeo."
$50, as compared with $S0,S09,0o0 for
the same month last year and $79:-
66l Ace for the corresponding montn
two years ago.
The records made thi. year and this
month would seem to give assurance
for the continental growth OF Wash
ington. There has been hesitation
save in the dehation year 1891.
Liberty National bank.
The Liberty National Bank closes
a very successful year tonight, with
its capital standing at So0o.0oo. pay
ments having been completed for the
$25o.0o0 new stock today.
all orders booked. so that the chances
for further increase In capitaliza.
tion during 1928 may be considered
better than fair.
The bank. which started in 1917 a.
savings institution. most inauspf-
ciously has progressed to . place
with the leading institutions Of the city.
with capital Of 100000. surplus and
undivided profits of $i35.000 and 225
enthusiastic shareholders.
Tho bank is just paying Its third
dividend.
The Record of the Year.
Elsewhere will be found the record
OF the year 1929 on the Washington
Stock Exchange. II is an interesting
record as to the volume OF trading
and the years fluctuations.
Today's transactions light and un-
important. are included in the record.
They were unimportant. but showed
good strength i'll practically every
thing on the list.
The Washington banking and finan-
ciaI house members of the Financial
Advertisers Association held. a meet-
over by A. G. Flather of John L. Ed
wards &; Co, a vice president OF the
association. to arrange details for
cooperation with q meeting Of the
which will be held here January .
and 10.
There will be a large exhibition Of
financial advertising shown. and the
Washington members are preparing
to display examples OF their news
planning dinner for Tuesday night.
January ?, for the members Of the
association and for the other bank
executives Of the city who are inter-
csted in the new business subject.
MIR. Flather appointed a committee.
consisting of Mr.. Thompson Of the
Washington Loan and Trust. Mr..
Heald of the Commercial National
and Mr.. Siddons Of the American Sc
curity and Trust. TO arrange the de-
tails OF their meetings.
1t Is planned to have r. ". Ellis
worth, vice president OF the Hiber-
nian Bank and Truet Company of
New Orleans and one Of the fore
partments in American banks, lead in
a round-table dis s.ussion.
Many Washington bankers deeply
interested in the subject have al
ready signified their intention OF at
tending. Other prominent national,
subject are NJ. r. Holderness. vice
president of the First National Bank
in St Louis. Guy Cook. cashier Of the
First National Bank OF Chicago, will
be present and take part in the dis
cusston.
J. Holue, jr., OF the Planters' Nation
al Bank OF Richmond. a director OF
the Financial Advertising Associa-
tion and president OF the Richmond
with a delegation from that city.
Acceptances have been received
from many groups in Baltimore.
Clarksburg, Wheeling. Bristol. Nor
folk. etc. Of their intention to be
present at the meetings of the Dis
rrict convention. Of the Associated
Advertising Clubs OF the world. which
will be presided over by r. x. Who'll
ley as vice president.
The meeting of the National Ad-
vcrtising Commission. which will be
presided over by w. Frank Mcclure
of Chicago. chairman. and Frank
Webb of Baltimore, vice chairman.
and the departmental sessions. which
will include representatives from the
Associated Retail Advertisers, Amerf-
can Association Of Advertising Agen-
cies, Agricultural Publishers Associa-
lion, Financial Advertisers Assoc!a.
tion. Direct Mail Advertising Asso-
cation, Graphic Arts Association, Pos
Ter Advertising Association, National
Association Of Newspaper Executives.
All Of the large group will meet stimuli
1aneously here in Washington. at the
Hotel Washington. on January and 10.