Evening star., 1923-02-13
TREASURY SCOUTS
| SPRING INITIATION
Officials Expect No Startling
Rise Followed by Heavy
. liquidation-Notes.


like the one during early postwar
days, which was followed by severe
Incubation. it was stated yesterday
oy high officials of the Treasury.
While there seems to be tendency
Tor advances in some lines, particu-
larly in steel. it was pointed out that
the tendency in other directions has
neen the other way. such. for instance.
IN the decline of coal prices. There
were in fact. il was said, evidences
that a further decline in coal might
be expected.
No great imitation is expected. it
was explained. but unforeseen develop
ments might turn up such as specu-
lative boom. which would have an up
ward tendency of no small infiuence.
but a. present. prices are believed to
nave reached q level at which they may
continue with some degree of stability.
mile present prices were acknowl-
edged t" be much higher than the
pre-war figures of 1913-1914. officials
indicated that the general level Is
no longer expected to go back to the
days of 1913.
commercial and Savings Bank are
almost completed, according to an
houncement made last night.
New Takoma Bank.
A meeting of the organizers will be
nelo the latter part OF the week or
early next week. it is understood. to
make final arrangements and to apply
for a charter.
The bank will have a capital Of
$l50:o0o. Among those interested in
former director of the bureau of en-
CRAVING and printing!; Judge r. D.
Lille. A. r. Haislip and L. S. Cannon,
all residents of Takoma.
A. I. II. Activities.
Robert V. Fleming. vice president
and cashier of the Riggs National
Bank. will quiz the elementary class.
Washington Chapter. American Insti-
tute Of Banking. tonight on The
Federal Reserve Bank" while Frank
j: Hogan. attorney and trust officer of
the Riggs Will address the students
on Elements of a Contract"
Tomorrow night before the eco
nomic class of the institute Prof.
Donahue of Catholic University will
speak on Economies" and Thursday
night Raymond b. Dicky will give the
third talk of his series on Negotiable
Instruments
Income Tax Forms.
The following income tax forms for
the calendar year 1922 will be re-
leased tomorrow: Form 1040-E, sched-
ule for citizens entitled to benefits of
section c62 of the revenue act of 1921
for the year 1922; form 1096-B, an
nual information return for calendar
year 1922. and form 1120-L. life in
surance company income tan return
for the calendar year 1922.
The forms may be had upon appli-
cation at the office of the collector in
Baltimore. and the branch offices at
1872 Pennsylvania avenue northwest,
Washington; Salisbury and Hagers-
town.
Riggs Rink VauIt
Despite the downpour of rain a
large crowd gathered in front of the
Riggs National Bank last night to
watch workmen haul in the banks
new vault a dHu huge recepticle with a
The vault will be the largest in the
city, and will have a 16-inch door
weighing thrty-fve tons. Booths.
modernly equipped. will be installed
for safe deposit customers. The vault
VIII have Il main entrance and an
emergency entrance.
Bus Line january Income.
Net corporate income Of the Wash
fngton Rapid Transit Company last
month totaled S1,a7o. according TO the
monthly report submitted yesterday 10
the Public Utilities Commission. Net
income in December was $3.50. while
for January 1922. the company re-
ported net income of S742. Number of
passengers carried in January was
1868, ,165. as compared with 359,679 in
December. Total operating revenues
last month were s2S,l65. while expenses
were s26.643.
Offer S2O.OOO.0OO In Notes.
The National City Company, Blair &
Company and others are offering today
an issue of $50, 900. 900 three-year per
cent gold NOES. Series b. of the Sir
clair Crude Oil Purchasing Company at
80 and accrued interest to yield about
6as per cent. The primary purpose of
this financing, it is stated. is to ex-
tend the operations of the Sinclair Crude
Oil Company to the Wyoming field. The
paid-up capital of $35,0O6,0 900. of which
Sic, 900. 900 in cash was recently paid in,
js owned and controlled Jointly by the
Sinclair Consolidated Oil Corporation
and the Standard Oil Company of In