Evening star., 1923-07-26
BANK EXAMINER
GIVEN PROMOTION
Controller Dawes Puts A. w.
Pole in Charge of Field
Work.

]. ". Pole. formerly CHIEF natio..o.
| bank examiner in the Atlanta diy-
trict, has been brought to Washing
ton to be in general charge Of the
examiners in the field and the exam
ination division Of the office of tho
controller of the currency here. Con-
troller H. II. Dawes announced this
| morning.
| f. D. Robb OF Iowa. formerly ex
aminer assigned to special work IL
the office Of the controller, has been
appointed chief examiner in the At
lanta district in the vacancy created
by Mr.. Poles promotion.
Mr.. Pole comes here known by rep
| utaton only. He has been filling the
| roie OF bank examiner since early III
| ISlo' and II Is said for him he is ex-
pert In every way.
| GeOrgetown Gas Repor+
The Georgetown Gas Light Com
pany operated on a net corporate in
come basis OF S5.577.as during the
month Of June, 1923, this sum Tepre1
senting an appreciable gain over tn,
| corresponding period Of last year,
when earnings totaled but s3,37s.s0'
slight loss. however, is shown over
| the previous month Of May, 1929.
Wnen the net corporate income
| amounted TO S6,20737.
tossieG fSs the s,ts period s9
penses aggregating s2S,7s6. MisceI-
laneous income included Sl55 for rent
revenues and s362.50 for interest.
| Dequctions for taxes during tho
sum or S3,410 was subtra cted for in
terest Expenditures for rent totaied
souo and amortization of debt dts-
| count and interest S100
A ahX "
penses continuing on an even keel, In
wholly responsible for the gain show
over June, 1922, the report shows
w. n. & f. Declares Dividend.
A dividend Of $1.25 per share on the
outstanding common stock OF the corr
pany, IN addition TO the regular quar-
| terly dividend OF 1N per cent on H.,
preferred issued, was declared vss.
terday by directors of the Washine-
| Lon halfway and Electric Company
| Both disbursements will be made On
! August 18.
Declaration Of the common dividend
Ior the second consecutive quarter
| following a suspension of payments
on this issue since March l, 1919, is
| taken in well informed quarters as
| meaning that officials OF the COMPANY
VIII pend every effort to maintain =
oennite per cent annual disburse-
ment. This sum will undoubtedly be
| common stockholders in the event the
company is awarded the pending de-
cision relative to electric light
charges.
Receivership Granted.
Judge Dickinson. in the United
states district court of PhiladeIphta.
has granted application of three nre
ferred stockholders for a receiyershin
for X. L. Dollings Company of Penn
sylyania, which maintained an office
| in Washington. No opposition was
made by counsel for the company. 1t
is expected appointment will be made
| soon. Bond has been fxed at 800, 900.
In granting the application Judge
Dickinson said: The situation here
is very grave. Apparently a great
one. way and another to put their
| savings into the control Of the peo-
pie who received the money and to
many of them it is doubtless a seri-
| in sight to be done In the way of
| rehabilitating the company. 1t has
| no business to be rehabilitated. Evil
| IDENTIFY 1t never had any business,
except that of exchanging its stock
for the money of those who could
be induced to put their money into
Banker Returns Home.
W. T.. Galliher. chairman of the
board of directors Of the Federal
AiheIlCan National BANK, mas re-
| turned from q two weeks vacation
at Belmar, n. J.
Semi-Annual Dividend Voted.
Directors of the American Fire In
surance Company have declared the
regular semi tannual dividend of per
cent. payable August ! to stock of
| record July 25. Books for the trans
fer of stock will be closed from July
% to August 2, inclusive.
Riggs Bank Stock Advances.
Riggs National Bank stock advanc-
ed to 653 on sales aggregating sew
| enteen shares in todays session, thus
featuring trading on the local ex-
change. The new figure represents a
net advance of two points. Gas stock
was also stronger, an odd lot sale be-
/ ing made at so.
other issues were dull at unchanged
prices.