Evening star., 1924-11-03
LINCOLN NATIONAL
DROPS M0v|NC|DEA
RemodeIing of Present Home
to Be Pushed-Exchanqe
Closes Tomorrow.
BY CHAS. r. sHAEFTER.

Recently announced plans of tho
Lincoln National Bank to remodel
and convert into banking rooms the
second, third and fourth floors of the
building they now occupy at Sew
enth and ID streets northwest is
taken to mean that whatever idea
the institutions officials entertained
pertinent to a removal of the parent
institution uptown has been perna-
nently abandoned.
When the Lincoln National estab-
Hshed a branch office a few months
ago at Seventeenth and II streets
northwest it was the general cpipion
OF those not on the inside" that the
movement was the first step leading
TO a relocation uptown. Fer the las
several years the uptown section"
bounded on the east by FourteentE
street, on the west BY Seventeenth.
from Pennsylvania avenue to street.
mas been claiming n huge majority of
new business establishments as well
as being the fayoritc site Of those
seeking new locations Il is now
recognized as the leading nnanciaf
center OF the city, but current indi-
cations point to the existing branch
BANK as the only contribution OF tn.
Lincoln National to its life
a. y. MulIett & Co. have been
named rs architects in charge of the
work, but plans for the rernodelinr
are only tentative as yet. The ncy
moor area VIII be given over to space
for the bookkeeping department, rest
rooms, board of directors room, etc.
The main lobby may be extended t.
the alley, with new entrance on u
street, but these changes are subject
TO the approval of the directors
The Chicago, Rock Island and
Pacific Railway, the Missouri Pacitr
and the st. Louis Southwestern
hallway were authorized today b.
4 the Interstate Commerce Commission
to issue and sell s1,717.000 each 81
first mortgage gold bonds of the Ar
kansas and Memphis Railway Bridc-
and Terminal Company.
The securities viii be sold at
per cent of their par value.
September Rail Revenues.
Class ] railroads, having Il toj
mileage of 235,999 miles, had oper
ating revenues in September amour
ing to S540,.4l.000, the Bureau -
Railway Economics reported IN
morning. The amount represents
decrease Of s5,225, 900, or ! per cen
under the same month last year. ope
ating expenses totaIed s3S1,575,7Jo
decrease of s55, ,052. 400, or s.4 per cc'.
under those for September, 1923.
class ! carriers in September W
s116,11 g 900, a gain of s24, ,"9o o''-
the corresponding month of last yea
Lectures at Institute.
Tonight and on Wednesday Ea
mond j. Dickey viii address the CON
mercia1 law class Of the local chapte-,
American Institute of Banking. To
morrow night Joseph h. Meyer viii
conduct his accounting class on p
nancial Elements and the Account.
! On Thursday night Eliot II. Thomson
of the Washington Loan and Tru>-
Company Will discourse before the
elementary banking class on Not"
and Collection Department." Will
Friday night will be divided between
+ J. Donohue and the standard eco
nomics class at the chapters rooms,
and the new debating and public
speaking class al the rooms of the
Washington Stock Exchange.
Exchange Closes Tomorrow.
Today's session on the Washingtoa
Stock Exchange was utterly devoid ot
noteworthy events. Trading was cor
fined to the minimum at unchanged
prices.
The exchange will suspend tradinc
tomorrow, election day. together with
the other financial markets OF III
! country. Local banks will remain
open.
Cotton Agreement Accepted.
Acceptance of the supplemental
universal cotton standards agreement
negotiated at London in August by
| the Ghent Cotton Exchange has been
reported to the Department of Agrl-
| culture by Edward Foley, its COM
missioner at London. The agreement,
which provided for an annual con-
| ference ut Washington for prepars-
| tion of key sets of the universal
| standards as an added safeguard to
assure uniformity for arbitration par
| poses, already has been accepted by
the exchanges at Manchester, Bremen,
/ Havre, Milan, Rotterdam and Bar
| relona