Evening star., 1924-12-20
ELECTRIC BONDS
TOBE PAID JAN. |
S7o0,OO0 General Improve
ment-Debentures Payable
First of Year.
BY CHAS. p. sHAEFFER.

J
The general improvement debenture
per cent bonds of the Potomac Electric
Power Co., outstanding to the smount
Of $750.o00, will be paid at maturity
January 1, 1925, at the American Sc
curity and Trust Co., the trustee, accord
| ing TO official announcement made this
morning by A NJ. Fisher, treasurer Of
| the company
The bonds are dated January 2, 1915.
The Metropolitan Railroad SIS, out
| standing to the amount of Sl,s5o,o0o.
which mature on February ] next, ano
which will be redeemed through new
| issue of Washington Railway and Elec-
| trio 6s, for which permission has al
ready been secured from the Public
Utilities Commission, will be paid at
| maturity at the office of the trustee, tie
! Baltimore Trust Co. Of Baltimore. Il is
| understood.
| Huge Girder Put I'm Place.
| The main girder in the steel work Of
the new home of the Federal-Americau
| National Bank. measuring 81 feet and
weighing 80 tons, was set in place yes
| terday afternoon. The operation is i
| lustrated elsewhere in this edition.
| This monster beam, which is sufi-
! ctently strong to support FIVE add
! tional stories should they be added
/
half hours to properly place. 1t viii
provide 81 feet of unsupported span
| and VIII form the rear side of tlg
| banking lobby
-Four more huge girders are yot
! needed TO complete the fabrication o
the banking lobby. Two Of these viii
| weigh 21 tons each, while the other
viii weigh II tons each. All are no.
| ready for delivery, and will be place,
as quickly as circumstances permit
! The weight OF the main glrder wa
| SO great that only certain street .
could be used in transporting il to IT,,
building site.
Banquet Date Change.
| The local chapter, American Inst
| tute Of Banking, will hold its annual
banquet on Saturday might, Februar =
p, instead of February 2S, as pre-
| viously announced, r. Jesse Chanev
chairman Of the committee. reported
| this morning. As usual. il will be-
held in the large ballroom Of the VII
| lard Hotel
! The original date, which fell on tine
last day of the month, was found in
opportune, inasmuch as much niglc
WORK is required al this period to cars
| Tor month-end routine.
The local chapter Will call a IuII T..
It's activities after next Tuesday nigh
until January 5, 1923
On Monday night Victor B. Deyber,
| president of the District Bankers
| Association, Will substitute for f. J.
| Donohue, addressing the standard
banking class on the Federal Re
! serve System" On Tuesday night
Joseph X. Meyer will lecture on "Ad-
Justment and Closing Entries" be
| fore the accounting class.
Savings Stamps Mature January /.
War Savings certificates bearing
| the red war savings stamps of the
series of 1920 win be payable at tho
| maturity value Of So for each stamp
on and after January /, the Post
Office Department announced today
| Holders of these stamps may present
/ them at any time before maturity at
! the main Post Office or the larger sta
/ tions and arrange for payment b.
| mail on January ?, 1925.
! b. Il o. Sells "Rights.-
! The Baltimore and Ohio Railroad
/ Co. was reported today to have SOLD
| to the First National Bank of New
| York City it's block of Reading
/ rights emitting holders to purchase
| shares of the Philadelphia and Read
| ing Coal and Iron Co. The Ralti-
more and Ohio's holdings represented
I about 20 per cent of the coal com-
| pany's outstanding stock, with a mar
ket values Of approximately s13
| 20o,o
! Seaboard 10 Issue Notes.
! The Great Northern Railroad Co
/ today asked the Interstate Commerce
Commission for authority to issue s4-
100000 in equipment trust certificates,
| the proceeds to be used in the pur-
! chase of new equipment.
| The Seaboard Air Line proposed
an issue Of S3,S90,000 in similar Ger
tif1cates for a like purpose.
! Banquet for President Ham.
! Directors of the Washington Rail
way and Electric Co. last night ten
dered a banquet to w. F. Ham, presi-
dent Of the company, in compliment
| to his 25 years association with the
| company.