The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1922-02-04
RICHMOND FEDERAL
RESERVE RECEIVES
sl4,s96,NO NOTES
Subscriptions $1,249, $685.
800, of Which S601 $685.
500 Is Allotted.
OTHER LOCAL NOTES
Howenstein Co. Reflects Of
ficers and Adds to Capt.
tai and Surplus.

The Fifth Federal Reserve dis
trict, comprising the local territory,
. was allotted s14,s9s.3oo out of
total of s47,4el,000 subscriptions
received for the recent issue OF
Treasury notes bearing AZ per cent
Interest, according to announce
ment made by Secretary Million last
NIGHT OF this amout. which Is
slightly less than 80 per cent OF
the amount asked for. Victory notes
TO the amount of s1.123.o0O were
accepted In payment.
The total amount of subscriptions
eeceived for the issue of AZ Treas
ury notes of Series A-ls25, dated
February 1, 1922. maturing March
Is, 1895, was s1.24s.s65.300. and the
total amount of subscriptions allot-
ted was 1901. 5s9.50O. Subscriptions
for the issue closed on February
/, 1892. the late Of issue. and the
amount offered was $500. 900, 900.
or Whereabouts, with the right re-
reserved to the Secretary of the
Treasury to allot additional notes
UP to one-haIf that amount to the
extent that payment was rendered
in Victory notes. All of the FED
eral Reserve banks oversubscribed
their quota for the offering.
VI. n Howenstein Meeting.
The II. r. Howenstein Company.
Inc, held its annual meeting yes
terday and. after paying the usual
dividends. Increased its capital
stock and surplus to S44S,543.33.
Election of officers Immediately
followed and resulted in the fol-
-
dent, II. r. Howenstein: vice prCsi-
dent. Fred W. Reeves; secretary,
c. c. Straw, and treasurer, V. A.
Howison-
Personal.
Edward J. Stellwagen, president
of the Union trust Company, who
had been seriously i'll for the past
several months. returned to the
bank for about an hour yesterday.
Savings Certificates.
Treasury savings certificates, new
issue, to the maturity value OF sII.-
120,0ss.45. were sold to American
investors during the month OF jan
uary. according to an announce
ment made yesterday by Lew Wal
lace, jr., director of savings. Treas.
ury Department. based on the cash
receipts paid into the Treasury By
the Federal Reserve banks. The
soles for the most part were made
through the postoftices throughput
the country.
These certificates. which mature
I'VE years from date of sale, sell
at the rate of $50 for 800 maturity
values. and are offered in three
ACKNOWLEDGEMENTS, 800 and $1,000
=
in the name of the purchaser as a
protection against loss in case of
fire. theft, or other unavoidable
agency. II the certificates are held
until maturity they yield interest
at the rate of about AZ per cent,
compounded semi-annually. II re-
deemed before maturity they yield
interest at the rate of about 3ls
per cent. compounded semi-annual-
ly. Congress has fixed the limit of
holdings for any individual. firm or
corporation at $4,000 maturity value
of certificates purchased in any one
calendar year.
Resolutions of Grief.
The following resolutions of
grief at the loss of their general
counsel. Charles c. Tucker, who lost
his life. together with his wife. in
the Knickerbocker Theater disaster.
were adopted by members of the
board OF directors of the CONNER
ciaI National Bank at their recent
meeting:
The directors OF the Commercial
National Bank are deeply sensible
to the great loss that has come,
both to the institution and to them
selves, in the death of Charles
Cowles Tucker. For more than
two years as counsel for this bank
he came into almost daily contact
with US, its officers and employees.
BY reason of our intimate relations
with him we were able to form a
true conception of his ability as a
lawyer and his work as a man.
With unanimous accord we, his as
sociates, give testimony to his
gifted attachments and exceptional
high character.
Charles Cowles Tucker was a
most valuable and beloved associ-
ate His high ideals, strength of
character. genuine frankness, abso-
lutte integrity and high sense Of
duty and loyalty endeared him to
us all. His power and discern
ment. full learning. rich experience
and rare ability gave him a just
and high place in his profession.
Our mourning at his death Is deep
and sincere. and to his family we
extend our best and heartfelt
sympathy"
At a business meeting following
the board elected Joseph w. Cox
general counsel Of the bank to sue
coed Mr.. Tucker. Mr.. Cox also will
succeed Mr.. Tucker as general
counsel of the Mount Vernon Saw
ings Bank.