Evening star., 1922-02-15
WORKING OUT PLAN:
FOR GRAPHOPHONE
Agreed Time for Deposit Of
Notes Expires Today.
'VsLocaI Finance Notes:

Under the agreement OF the COM
n3ttee which was named to receive
deposits of the five-year per cent
notes of the Columbia GraphopIor
Manufacturing Company. the time for
the deposit expires today. Holders
who deposit their notes receive the
A represented by the February
coupon and will be given transferable
c4tificates representing the notes.
"A committee is cooperating with
olher committees representing cred
itor bankers and about 10 per cent
oe the merchandise creditors in work
Ing out plan for the reorSaniza tion
OF the company'S finances.
The recent filing Of suits by stockhold,
ers. asking for the appointment of re-
csivers. Will not have any effect upon
the committees plans. These suits
hfve been set for hearing next Tues
day and the'general belief is that the
COURT will not grant the petitions.
Treasury Deposits Called.
In order to meet payment of the
steat bulk of Treasury certificates of
Indebtedness. known as series A-1922.
issued May 16. 1921, amounting to
ss5S.1f0,000. which fall due tomorrow.
Secretary Mellon yesterday notified
an banks having deposits to the credit
ot.the United States Treasury on ac-
count OF the purchase of certificate tes
dsted December Ia. 1921. to pay into
the Treasury, 80 per cent Of snch de-
pRsits. The payments on the Decem-
ber Is issue are due tomorrow and
the two transactions are intended to
balance without disturbing to great
degree the balance in the general
fund.
Total payments made to the
,nf of he 10 q
certificates will amount to approXi-
1nAtely s21..S6o,Oo0. leaving about
s2S.o96.206 in the government deposi-
tories for the purchase of Treasury
certificates December 10.
Of the A-19e2 issue. s7.000.000 were
allotted to the fifth federal reserve
d:strict. comprising the District of
Columbia, and it is estimated almost
$1,000.000 of these securities are held
LEGALLY.
Mutual Fire Elections.
AT the siXty-seventh annual meet
ing of the Mutual Fire Insurance
Company, held in the offices of the
company. 18th street and New York
avenue. the following INA nagers were
unanimously reelected to serve for
the ensuing year: w. 4. H.EChurch.
Bs F. Saul. ]. 7. Petty. c. F. D.
kSttleman, District Commissioner
AND Edwin C. Brandenburs. The
b1lloting was under the supervision
OF William X. Hill and Charles r.
CSrpe. who acted as tellers. Mr..
Church presided as chairman.
Later the board organized and re-
tSeasurer, l. Fierce Boteler secre-
tsry.. Franklin Barrett assessor and
William Reed Macgill assistant secre-
tfsy..
Reports rendered by Secretary
Hteler indicated that the business
rsults for the rolicyholders, as in
pfsvious years. The company has
nSariy S17,oo0,Oo0 at risk in the
district. - =
Chesapeake and Ohio Revenues. --.
;szross operating revenues OF the
Chesapeake and Ohio Railway Com
Any last year were sS3.6S4.0sD. as
Compared with $50, 100000 the pre-
Nous year. but by economies the COM
pAny came through with operating
Income Of S14,452,000, compared with
Sa,44S,000.
aDuring the first halt of the year. be-
fdre the reduction of wages. the COM
pany reported operating income of
s5.o41.000. December traffic fell off
heavily because of the total stagna-
tim in the coal industry. Gross rev.
epues for the month were $500. 900.
compared with sS.645.00G The preced-
ing December, and operating income
for the month was $685., 900. compared
with s1,239:0O0.
i District Bankers Meeting.
,.Robert \. Harper. president of the
District National Bank. will precede
the principal address by Eliot H. Good
win at the peeting. of the District
Bsnkers' Association al the Cosmos
Club Friday night with an snaiys:s
Of the paper submitted by Francis
Coates, jr.. at the last convention of
the local bankers at White Sulphur
Springs last June.
MIR. Coates. VINO. is examiner of the
Clearing House Association of the
banks Of Cleveland iectured to the
District assembly on audit and audit
ing department for q modern bank.