Evening star., 1924-12-18
S5,0)O,O(0 SAVED
IN FEDERAL COSTS
Treasury Report Covers
Five Months-Many Local
Dividends Voted. -
BY CHAs. p. sHAEFFER.

saving of more than $50, ,000. .0on
was erected in running the United
states Government for the first fv.-
months of the present fiscal yearn
ending November so. the semi month
~ statement of the Treasury D.
partment discloses. Total ordinar..
expenditures amounted to s1,24s,e3S.-
e4l, as compared with SI3I4.o4e.3e7
Tor the corresponding five months .f
last year.
Public debt retirements chargeabi.
against ordinary receipts in the 1871
period amounted to s11S,S10.454, ss
compared with S160,325,300 for m.
same months of 1923. These retire
ments include the sinking fund, .pur-
chases from foreign repayments. for
eign debt settlements, etc.
The Shipping Board has lessene
expenditures of more than $4,000
600 during the period, while interes
on the public debt declined $4,000
600. The United States Veteran
Bureau operated at a savings of $40
200, and the needs Of the lnteriu'
Department We're pared Sl2.000,o0".
Next in line was the Treasury De
partment, which soved more than
SO, 100000 and sS,000,000 was pared
from postal deficiency.
But two general expenditures SHOW
Agriculture expended S19000,00O NOR
than during the corresponding fiNr
months of last year, while the MAJ
Departments expenditures increass
by S11,00O,06p.
Local Diyid ends Galore.
Directors Of the National Metre
politan Bank yesterday declared az
extra dividend of l per cent, payable
on January 1 to stockholders OF rec
ord December II. This declaratior
Will bring the institutions disburse
ments for the year to II per cent.
The Real Estate Title and Insul-
ance Co. has declared its regular
senli-annual dividend of 3 per cent
and an extra of 2 per cent. both pay
able on December 81, the books clos
ing December 20.
The Columbia Title Insurance co.
! has also declared the regular semi
annual dividend of 3 per cent and =,
extra Of . per cent both payabi,
on December 81. the books for trans
fer closing December 90
Directors of the Washington Ne
chanics Savings Bank yesterday dc
| clared the regular quarterly dividend
of per cent. payable January l u
stockholders of record December 81
The Mount Vernon Savings Bank yes
terday declared the regular l per cent
dividend and an extra of per cent.
payable on December 81 TO stockhold-
ers of record December %.
The McLachlen Banking Corporation
has declared its regular semi i-annual
dividend OF per cent, payable Deem
Der 81 to stockholders of record Decenl-
Der II.
Directors of the American Security and
Trust Co. have declared an extra div
dend of . per cent, in addition 10 the
Z Ir.. snl- Il,
| inent both payable on January 10 10
; stockholders of record December H.
! This institution is on a definite annual
/ basis of il per cent, but has paid ;tu
aggregate OF 10 per cent for several
| years
VIII Get About 20 Per Cent.
stockholders of the defunct r. J..
| Dollings Co. will receive between 15 and
| % per cent of their investment. il the
report of the special master is approved
by the Federal Court. advices fro..
Chester, Pa. state. The report refused
Claims aggregating more than s600,0ca
against funds in the hands of the re-
ceiver OF the Dollings Co.
Personal Mention.
! y. Robert Gilmore. former head a.
! the defunct local brokerage house OF
/ Moorhead & Elmore, has become a.
| sociated with the New York Stock
| Exchange house of H. d. Williams
6, Co. of New York City. He is al
| filiated with their wholesale depart
| ment and will represent them III the
! South.
Francis NJ Savage, president OF
! the Northwest Savings Bank, and
J Mrs. Savage have gone to Gary, Ind,
. for the holidays.
Chapin-Sacks Sales.
+ Gross sales of the Chaplin -Sacks
j Corporation for the current year are
| estimated at close to S6,0G0,0 600 ans.
! the net equivalent TO $3.50 n share
on the outstanding stock. Furthcr
expansion is contemplated after the
! turn of the year. Its manufacturing =
and distributing stations for ice
! cream are located in large centcrs
! throughout the South, including this
j city.
Bank Shares at 400.
| Nine shares of the National Savings
and Trust Company changed hands on
! the local stock exchange this morn
| ing at 400 paralIeling the high record
/ for the year. Immediately following
| the sale 40 was offered for the stock
| with holders putting up the asked"
price to $50.
! Lanston Monotype gained fraction
! ally, ten shares selling at 76as, but
| Gas stock was unchanged at 53l..
| Railway As sold at 76ss. and Capital
! Traction 5s brought 9S1s.
Willard Again Heads ID. & o.
/ Daniel Willard was re-electet'
! president Of the Baltimore and Ohio
Railroad Company at directors
meeting in New York City. Other
i executives reelected were as follows.
| George NJ. Shriver, senior VIC
president; F. C. Batchelder, vice
president and executive representa-
! tive at Chicago; c. W. Galloway, vice
| president, in charge of operation and
maintenance; Archibald Fries, vice
| president. in charge of traffic and
commercial development: c. W. Wool
| ford, secretary: f.. NJ. DevereuN,
! treasurer, and ]. J. Cornwell. general
counsel.
I Quarterly dividends of ] per cen;
! on the preferred and Ia per cent on
! the common stock were declared
payable March ., 1925. to stockholder:
! of record at the close of business on
! January 10, 1925. The transfer books
will not close.