Evening star., 1923-02-09
WOODBURY., AT %,
.. STEAMBOAT HEAD
Norfolk & Washington d.
rectors Again Reflect
Company's President.

TO be actively engaged in business
and reelected by his associates as
president of one of the most Hour
tshing steamboat companies In the
east at the age of ninety does not
often fall to the lot of any man, but
such is Il fact in the case of Levi
Woodbury., one of the best known
citizens of the District, who yester-
day was again chosen by the board
of directors Of the Norfolk and
Washington Steamboat Company to
head their organiza ton for another
year.
MIR. Woodbury. presided at the an
nual shareholders meeting OF the
Company and was the recipient Of
much fclicitation on the part of his
fellow officers for his exceptionally
good health.
Other directors chosen besides ;he
veteran president were Milton T..
-Ailes. Charles j. Bell, Daniel j. Cal
lahan, Clarence f. Norment, Clarence
+ Norment, jr.; William L. Pearson.
odell ). Smith and Hy!as Z. Wheeler.
The board organized Immediately
and elected the following officers to
serve for the ensuing year: Mr.. Wood
Hury, president; Clarence F. Norment,
sr. first vice president; Daniel j.
Callahan, second vice president and
general manager, and Odell S. Smith,
secretary and treasurer.
LanstOn Dividend Declared.
The quarterly dividend of ls per
cent on the capital stock of the Lans-
ton Monotyp" Company was declared
nj a meeting of the board of directors.
according TO announcement made yes
tcrday.
The dividend is payable February
2S to stockholders of record at the
s.lf # ft.-- T.
Certificates Market Unchanged.
Market for certificates of indebt-
ednesS continues dull. Quotations re-
main practically unchanged.
AS the liberty bond market has
hccn fairly strong in the last few
days, dealers expect certificates and
Treasury notes to advance apprecia-
bly, in the near future.
1t is generally believed that settle
mont of the British debt Will result in
higher quotations for all government
issues.
Yield on various outstanding issues
of certificates of Indebtedness ranges
from 3.f5 rcr cent TO 4.S5 per cent.
Weld on Treasury notes range from
10 per cent to 40 per cent.
II is known that the Treasury must
make new Offering of securities to
fae public in the near future, and II
is believed the rate and nature or the
obligation offered Will be determined
eminent oblig gationS.
Credit Mems Dinner.
Announcement was made today of
plans for the Lincoln day dinner to
be given Tuesday night at the Hotel
Ea!eigh by the Associated Retail
Credit Men of Washington, D. C.
In requesting all members to be
present, the announcement includes
this paragraph:
"One hundred and fourteen years
ago our martyred President, Abra-
ham Lincoln. came into being. and, on
this day. February u. 1928. We meet
together to honor his name-a name
that was a credit to his country. Fiji
ty-eiGht years have elapsed since he
passed to the great beyond. but his
memory still fingers as beacon light
10 better business and better credits
TO mankind.
Roe Fulkerson will preside as toast
master. and Sol Berkson of Berkson
Brothers. Kansas City. Mo-, Will be
the principal speaker. Mr. Berkson
viii take as his subject. Credit From
q Merchants View" Reservations for
seats may be had by communicating
with Stephen II. Takes. secretary.
Decision on Dividends.
Attention was called yesterday by
Treasury officials to the provision OF
the revenue act which provides that
the term gross income" does not in
clude the following item, which
shall be exempt from income tax
so much of the amount received
by an individual after December 81.
1921 and before January |. 1877, as
dividends or interest from domestic
building and loan associations
opcratcd exclusively for the purpose
of making loans to members, as
does not exceed $500.
The dividends distributed by build
ing and loan associations in excess
of $500 may be credited against net
income for the purpose of normal tax.
as in the case of dividends received
from any other domestic corporation.
Under no circumstances, however.
may any part of the 5000 which is
excluded from gross income be
credited for normal tax purposes. In
tcrest received from a domestic
building and loan association in ex-
cess of $500 is subject to both normal
and surtaX.