Evening star., 1923-04-22
Lanston Earnings Said to Be
Double Dividend Requirements
J. T. Hendricks Is Suggested for Local Di-
rector-Fighting Hard against Branch
Banking--Diuidend Outlook.

! ton. etc. have been salts sfactory and
harmonious.
This has been tested time and
again.
Most men consider 1 bank account
long maintained with one: institution
as an advertisement. an evidence of
business solidarity and square deal
ing.
every month or two doesna give any
such Impression. but rather is looked
upon as one that has, for SGme reason
or other, proved unsatisfactory TO the
bank.
1t MAY be that the account has not
been profitable to the bank: although
few institutions would thro9T out an
account for this reason; they would
look for 1t 20 grow.
But where there is an ins: :stent re-
turn of checks for which there have
been no funds" the accounts will be
eliminated in short order. accounts
OF this character move around until
the dtpositor has been poli7ely re-
Quested to CLOSE IT. SO OFTEN: that all
institutions are closed against 1t.
Unsatisfactory service. continued
uawillingness to make loans: on the
basis the depositor may consider just.
removal Of the business OF Il dspoSitor
to another section Of the city or any
rea! or fancied slight, are factors that
VIII readily account for the changing
Of an account from one bank to
another
A depostor will not walk aay dis
tance to do his banking business any
longer, and this is one Of the reaSons
for the branch bank. that the con-
venience may be taken to the: ellen
tele, and thus hold d share Of his bust
ness.
These are all matters wric1l must
be taken into considera tion when con-
sidering the value of deposits, a. much
ar iY,
Deposits are said to he worth:5 3 per
cent by some of the most conserva-
| tive bankers, with sentiment opposed
to the 10 per cent valuation Of the
old days.
Hallway Common and Preferred.
Many holders Of the common stock
Of the Washington Railway !; and
Electric Company have seen In the
recent advance to the high point of
the year. and in the decision of the
United States Supreme Court thSt II
was without authority to review the
ruling of the appellate court, pros
pect OF some distribution on the COM
mon stuck.
Preferred shareholders have long
been insistent that their rights We're
dominant. but with the excellent bast-
ness OF the company its side partner,
the Potomac Electri~ Company, 5he
rights of this group of 5 per cent pre-
terred holders seem TO have passed
out of the questionable era and their
dividend appears to be safe enough
to permit the payment of L dividend
on the common shares.
1t Is many years since the comnlon
stock has been recognized by Il distri-
button.
1t is understood that the company
Is IN excellent position for reTundilEg
operations that Will be necessary this
year and next.
\ . per cent dividend would cost
the corporation but $4,000, as the
company has but $6.500.000 commo3l
stock. \ larger distribution than In
dicated would not cause any sur
prise on the street.
other local securities move Slowly
but are held very steadily at firm:
prices. Bonds have shaded slightly:
but the loss has not been severe.
ON the Exchange Forty Years Ago.
The Manual of the District Of Co
luuIbia Stock Exchange, 1883. is in
hand. Forty years Of active life
sometimes; frequently dormant. but
continuously eXistant.
Here is the roster of the members.
scme OF whom are with US today:
George II. b. White Gather ot
George ". White). president; II. D
Cook, vice president: A. e. Bate
man. secretary; Albion *. Paris
J. V. Corson, 7. g. Middleton and
.. c. Green. members standing COM
Charles C. Glover "a picture Of
irealth todayl: L. W. Middleton, J. W.
Thompson, L. a. Bartlett J. ;. Brown,
Jay Cooke, T. L. Middleton, S. E. Mid
dleton. W. II. Turner, Peter Camp
hell. B. ~ Grafton, y. II. Brown. B.
b. Williams. Z. +. Cottrell, W. {.
ELL, G. i. Olmstead. L. w. Morri-
son. James T. Leavy. Charles T. New
bold, Charles J. Bell "a much more
important factor III the financial
wc1ld than he was in 1887. and
Thomas bowling.
The three who are known TO the
world and the stock exchange of to-
day are all in wonderful physical
condition after their years of effort.