Evening star., 1923-04-22
Bl .. 4. FLEMING.

The SuggeS eStion advanced IL th4S
column last week with relation to
the election Of Z representative OF
rhc Washington shareholders on the
directory of the Lanston MonotEpe
Company. has brought much favorable
comment and may bring results 1T
rhe Forthcoming annual meeting ana
election Of officers and directors for
the fiscal year.
Maury Dove, executive officer OF
the corporation. has large interests
in this city, Is a Washingtonlah oS
choice and should AZ once see the
wisdom of creating Il friendly sent,c t5,c
rnent and more conhaears ratian ,,I hT.
securities OF ms COZ poi a'to
turning on the light. ~ ,,,.,
All, Dove himself has always DreH
willing to talk about his companies
and his business. but has gwen no' -.
tug like Mergentha'eE puoiiIrt' o1,panv
M, I,anSton Munotypc company.
There is no questioning the state
mont that Washington Is the cnle1
market of Lanston stock that SUM-
of its largest holders reSlue He
ThilImau IIendrick. Il forlnei
Commissioners Of the District Oh ith ~
inmhia, i, generally accredited WIN
being one Of the largest snarenoto ~
ars. a consistent supporter oi q
stock and one VINO "out-
taPanl1 PnnIi,,,inar> MAN reports indicate that
-|n earnings of Lanston for the last
fiscal wear Will not be up 70 me
previous years returns, but 'hat .5.e
dividend has been earned twice over
narbnns -, little more; the English
h,siuess Of the company SHOWS
good increase for the first tline si,tCe
rhe close of the great war "lliIe tIie
neT business recently taken over
ire
have turned the corner ana 10 pe on
the money making side or the leusei.
AS stated before. If there was more
publicity for Lanston' there "ouiu &c
more faith i'll the stock.
corporation without preferred
shares. without bonded Indebtedness
having maintained per cent 10.
years and selling around 20, 4 80 per
cent basis. should he an attracttNe
investment better than per cent
plus its intangible tax.
To Discuss Branch Banking.
There will be Il meeting at the New
Willard Hotel on Tuesday next TO
discuss various phases Of branch
banking.
Northwest savings bank. is contin
uing his fight against braich Dahh-
ing in 4 most persistent MANNER.
Ills recent consultation with the
head Of an orGanization III opposition
% branch banking. held at west "a
den. Ind. has stiff-~ed his position
in the matter and he is determined
not to quit the 1ignt.
Strenuous resolutions have been
prepared condemning branch bank
ing as un-Americau and as creating
the most dangerous OF all monopolieS
the money monopoly; that the right
70 organize banks should first be OF
fered TO towns and communities
where estabIiSht d; that such a reseT-
i = fl iv n
influence.
Resolutions further view with
alarm d concentration ~ money OF
the leople in the hands Of monopo-
1istic banks with methods or exact
ing cOllatcrals and securities for
loans not possessed by the progress
sive and growiug, young merchant
The resolution 'also recites the de-
cision "t the Missouri supreme court.
"where. in its arrogance, a large na-
state and the We'll known intcrpreta-
ton OF the national bank act"
Further recommendations are Of
fered for the elimination OF all
branches oI banking institutions,
state and national, and the opinion
IS also expressed that the 'Millspaush
bills. as he states. were intended to
prevent. and not authorize. the open
ing Of unnecessary banks
Mr.. Savage IS authority for the
= statement lIldI SlillIIdI TeSOlulItHS
will be presented ~ the conventions
OF the leading political parties and
that Messrs. Mccormick and McKtr-
ley. United States senators from the
state OF Illinois. have received copies
for consideration at the meeting 1T
tn" New Willard April "a.
Defunct to Move Account.
II vas formerly u difficult matter to
move brick house from one section
OF the city to another. That task has
been mastered.
1t is even more difficult to take 4
L;nk account away from one bank
and give il to another, where condi-
Tl w 1000 n