Evening star., 1923-09-13
TREASURY NOTES
QUICKLY TAKEN UP
Books Closed as New $500.
100000 Issue Is Over.
subscribed.

Subscription books for the current
Offering OF Treasury certificates OF
indebtedness of series TM2, 1924.
dated September 10, 1923. and ma.
turing March 10, 1924, closed at the
close of business yesterday, the
Treasury Department announced this
morning. No further subscriptions
can be accepted except those received
through the mails up until 10 O'Clock
this morning. it was said.
The limit ed size of the issue, vVhIc,
was for only s2oo.oo0,o 900, and the
large demand with which It met
made quick action necessary to pre-
vent an unwfeldy oversubscription
The sale completed. the government
now is prepared for the financial op-
erations In which II will figure OF
Saturday which should be accom-
plished with a minimum disturbance
OF the money markets.
Presidents Ranking Views
President Coolidge, among other &c
compHshments, was a banker before
destiny called him to Washington to
take up the reins OF government. He
q u uStSe as wei as president OF
the Nonotuck Savings Bank OF North
ampton, Mass, up to the time he was
called TO the presidency Althougb
there have been many extracts from
addresses and writings OF the Chfet
Executive in the last few weeks ~
political. economic and labor dues
tons. his views on the subject or
banking and thrift are not so we'll
known.
The Savings Bank Journa! recalls
an address he delivered in Boston or
April 23. 1920. at the time the Ma
tional Association Of Mutual Savings
Banks was called into being Nj
Coolidge, then governor. defined the
purposes Of savings bank and in
dulged in some reflections on its oper-
alton and potentialities.
One passage OF Mr.. Cooiidge's ad-
dress on that occasion is worth re-
peating. 1t was as follows: 1T is
very desirable that there should be
easy access on the part OF the public
TO the credit Of the nation, and that e.
one OF the very best things that our
savings banks do. They especially
provide credit in our small communal
ties and In rural districts for those
VINO need credit conditions TO carr
on snelr business. I know that here
III massachusetts, our savings banks
are not conducted as commercial
bahks. We recognize that they oupiI+
10 be. They are conducted on fLe
"ho4e lot the benefit of the piIhlIc
IN order that the person of small
means who desires TO build for him
seir home or purchase a home r,..S
nave access to capital and the creS.4
OF the community. S~''
mat is q very public service AND
couid not be performed in anv wa
without our banking facilities. a%5
the savings banks Of our state sn5
nstlon are doing great deal to hnir,
along that line. This is not oniv :,
commercial benefit, but it is a benef.
10 good citizenship. for wherever We
can secure in our citizens some inter
est in the land. the real estate oP tbe
community, there we are pretty sure
70 hnd a man who takes a sane and
reasonable view Of things and who i
interested in wise and economic man
agemeht Of government affairs"
Trading on Local Exchange.
Bank stocks monopoIized today
session on the Washington sock Fx
change. Riggs National Bank rights
we're firm at 92ai fifteen Changing
hands. while five shares of America
security and Trust Company sold az
200. and three shares OF Nationsl
metropolitan Bank stock brought PAT
Washington Gas ca of 1893 were
easier at 1908. and five shares o.
Lanston Monotype brought "a.