Evening star. [volume] (Washington, D.C.) 1854-1972, 1924-11-17
TREASURY ISSUES
CALL FOR FUNDS
More Than S10,159, 400 Due
Today on Recent Sale of
u. S. Certificates.
BY CHAs. p. SHAEFFER-

National banks are paying into the
treasury through their regional
members tomorrow per cent of the
proceeds of the September Is sale Of
certlncates remaining with them on
deposit, sum aggregating SlO159400.
The certificates are designated
1925" are of one year maturity.
bearing interest at the rate OF oai
per cent. The original fiotation was
SO,369,500, of which sl25.gs2. 600
represented exchanges. To date 27L
per cent have been called in, Ieayin.
d naIance OF SlS3,027,90O with the
banks OF the country.
The Government will undopb+adI,
go into the money market for funds
me middle OF next month. On Decem-
Der 10 an issue Of ',r d 1929 Az ner
cent one-year certificates, in the
amount Of 214,149. 900. mature. and ON
lhe following day an issue Of six.
scon , certlflcates, to the amount Of
sbS,457.1OO, bearing 2al per cent fn.
terest. falls due.
On december Is, also, falls due tbs
interest on the first liberty loan. The
tnlrd payment Of income taxes due
the same date, will provide a con.
siderable amount of revenue, however,
70 meet maturing Indebtedness.
Pushing War on swIndI.r.
me New York Stock Exchange is
assuming a new initiative against
securing swfndlers, the latest attack
being a letter from its president to
all members and correspondents. re-
questing their Whole-hearted co..
operation in the fight to rid the
country or this menace, and urging
vigorous enforcement Of the laws
against this class of criminals.
A special department will be cree
ated in the exchange which will be a
clearing house for facts, and to
which all information regarding se-
curity swindlers should be sent This
information will be thoroughly ex-
amined, investigated and tabulated.
With the assistance of the better
business bureaus throughout the
country, definite details of suspicious
cases will be prepared and submit.
ted to Federal officials.
Program At Institute.
This weeks schedule for American
Institute OF Banking activities is an
nounced as follows:
Tonight and Friday F. ]. Donohue
will lecture on Credit" and Sources
of Working Capital" respectively.
The standard economics class will
hold an election the latter night.
Joseph X. Meyer will lecture Tuesday
night on inventories and Appraisal"
and on the following night r. d.
Dickey will discourse on States
and Trusts" Eliot H. Thomson will
conduct his elementary banking class
Thursday night on "Promissory Notes
and Discounts at the same time the
public speaking and debating class
is meeting with Rufus Lusk IN the
Stock Exchange rooms. The credits
class under R. Gordon Finney will
also meet Friday night at the chap
ter's rooms, the subject being
Sources of Credit Information"
Reserve Banks 10 Years Old.
Today marks the tenth anniversary
Of Federal Reserve banks. Since they
have been in existence they have
earned a total of $4O3,864, 900 net.
They have distributed in dividends a
total of s43,94S, 900, built up a sur
plus account of $22O,915, 600, and paid
to the Government, as a franchise
tax, a total of S139,O01,000.
Annual earnings since organization
and disposition thereof have been as
follows 600 omitted.