Evening star., 1924-07-30
HAYNES MADE HEAD
OF COMMITTEE
Will Handle Associations
Protective Work-Rise in
Lanston Monotype.
BY CHAs. p. SHAEFFER


harry V. Haynes. president OF the
Farmers and Mechanics National
hahk OF Georgetown and leader OF
tne District Bankers Association
cbats bns IS1s-z4, has been selected
tee OF the association for the ON
suins year, according to announce
ment made this morning. His an
ointment is one of the FIRST ottic,aI
den. c.or b. Deyber, new presi-
oent OF the association
Admittedly the work of this COM
xlttee is one of the most ditt1cuIt
functions of the local bankers ira.
.ern'y And, likewise. it would ap-
pear that Mr. Haynes is the lor,csI
choice to succeed Charles ne1I a.
chairman. - he'i as
AS president of the local assoc1a-
tion during the last year, Mr
lanes mad ample opportunity to
ing the District banking fraternity
lnese problems assuming maximum
v1vtdness when Mr. Haynes actuaIiv
pu! INTO operation the plan submit
oy MI. BEL. which promises sue
cesstuily to combat undesirable and
eenethlcal banking practices. There
iore, ne thoroughly understands
every problem that wants for a So
The functions of the protective con-
rnittee are now carried out by the as
sistant secretary Of the association, and
CONSIST mainly of circulatorr card
check-up of accounts. Mr.. HAYNES has
tentative plans of developing whatever
mas aireahy been done, and in some in
stances to go little further;
He will name his aides in this work
shortly. - @-''' "ofA
I. c. c. Fixes Values.
The values of property held nv tho
Du!uth, Missabe and Northern, and the
Duluth and Iron Range Railroads were
FOUND today by the Int -state Commerce
commission to be greatly in excess of
tne DOCK values placed by the CORPORA
tions and the stocks and bonds iss,,ed
against them
Inc Missabe carrier, 261 miles long,
on June 80, 1919, had s14,s53.50O in
STOCKS and bonds outstanding. while the
aecofoed money outlay in construction
and equipment was fixed by its books
| at s35.671.553. The commission. fixing
tne value tentatively for rate-makinp
purposes: held it worth s45.7sO,03o.
Capitalization of the Duluth and
iron Range was placed at s14.651 900
nad actually spent s25.297.34s in con-
struction. The commissions tentative
| value of this line was s2s.5S3. sos.
both railroads are utilized by the
steel industry in delivering ore TO
Lake Superior for water haul to the
| East ~ '''e
Upon the 3,so3 miles of line of the
Minneapolis, St. Paul and Sault ste
Marie line, the commission fixed a
tentative value of S104,7376O7 This
company has outstanding stock and
bonds to par value of s125.5l6,7 700.
The corporate own estimate of the
| worth OF its property is s116.953,635
Lanston Gains Two Points.
Stock of the Lanston Monotype
Corporation scored 2-point gain IN
| restricted selling today, IS shares
changing hands at 76 upward to 16L
The sessions close found much of its
| previous strength missing when TAI.
was bid with 76 asked
Gas stock held steady at fraction
| ally above -. with Railway pre-
| ferred pegged at 75b. Capital Trac-
| t1on was firm at 95, with bonds dull
and unchanged.
Bankers Plan Vacations.
Victor B. Deyber, with Mrs. Deyber,
Will leave for a months camping
trip in the Adirondacks on Sunday.
They will join Miss Deyber at the
resort
Samuel Thrift, assistant cashier of
the Franklin National Bank, accom-
panied by Mrs Thrift, is spending a
| vacation of two weeks in Maine a
! guest of w. H. H. Allen, director Of
the bank.
Mr.. Cochran, president. starts for
Bar Harbor the last of the week.