Evening star., 1924-01-14
$50, 100000 BOND
ISSUE ANNOUNCED
Federal Farm Loan Bureau Plans
Another Big Loan to
Aid Farmers.
QUICK SALE ANTICIPATED
Summer Resort Considering
$4,000 Bond Issue.

The Federal Farm Loan Board is ,.-
suing today $6o,ooo,0o0 In federal
farm loan bonds at AZ per cent in
terest, to meet the late winter and
spring demand for money.
The bonds are offered through fed
eral land banks. national farm loan
associations and other distributors
at 1O01a with accrued interest from,
January !, the date Of Issue. Matu-
rity of the debentures is fixed at
thirty years, with the callable privi-
lege after ten years or after jan
uary l, 1884.
The twelve federal land banks"
said Commissioner Cooper, of the
farm loan board, have during the
past year increased their capital 10
S45.597.3z0 and their assets to sS16,-
323.oO7. With this continued growth
and continued evidence OF their
folidarity. it is anticipated that the
present Offering OF securities will be
promptly absorbed
VIII Vote on Bond Issue.
a $4,000 bond issue to finance ex-
tenstve improvements at North
Beach, Nd, the summer colony ad-
joining Chesapeake Beach. will be
voted on at special election called
for Saturday, January 26.
The issue, if approved by voters,
will make possible the construction
of additional seawall, Improvement Of
town highways and the building Of
tettes TO protect and enlarge the
sandy bathing beach.
To accommodate voters who are
spending the winter in Washington,
the Chesapeake Beach Railway Com
pany will operate a special train on
election day, which viii leave the
District line station at pm
Public Debt, S32,7s6,715,OOo.
The public debt Of the entire coun-
try aggregated s32,786, 715.000, equiv
alent 10 s301.56 for every man, woman
and child, at the close OF 1922, the
census bureau has announced in
preliminary summary OF the decennial
census on wealth, debt and taxation.
This inde btedness is more than four
and three quarter times the amount
in 1912. when per capita Indebtedness
totaled s10.S20.
ofsetting the gross debt there are
sinking funds and other assets held
for the retirement of the debt
amounting to s1,934.S9s,o00, making
the net debt $50, $4,000, or S285.76
per capita.
Washington Man HonOred.
ply, formerly of Washington. as as
sistant treasurer of the Guaranty
Trust Company of New York, has
| been announced. He is the son of
the late Edward V. Murphy. for many
years official reporter of the United
States Senate, and a graduate OF
Georgetown University and the Ma
tional University Law School. Prev
ious to going to New York he prac-
ticed Law in Washington in the Of
~ 10 &,
and subsequently in the office OF
Frederick Fenning.
Mr.. Murphy succeeds Morris Frey,
/ in charge of the income tax de-
partment of the Guaranty Trust Com
pany, also a former Washington boy.
who resigned to become associated
with the law firm OF Stetson d
Davis of New York.
Hotel Directors Reelected.
The following directors have been
unanimously reelected for the en-
suing year by stockholders Of the
Ing the Continental Hotel:
A. P. Clark, jr.. William T. Galliher.
E. c. Graham. Ralph w. Lee, Theo-
dore W. Noyes. G. H. Pardoe, Samuel
H. Rudolph, Thomas Somerville and
Alexander Wolf.
Bank Clerks Form Club.
The Riggs Bank Club, a social or
ganization of the clerical forces OF
that institution, has been formed
and will hold its initial dance at
the Hotel La Fayette on January 26.
The club, which boasts a member
ship of 115, is officered by Phil NJ.
Garnet, president: Florence Willer
and William II. Taylor, vice presi-
dents; George NJ. Irelan. treasurer.
and w. NJ. Rankin, jr.. secretary.
Trading ON Local Exchange.
A slight increase in price for the
ipreferred Issue of Washington Rail
way and Electric Company to IS, fea-
tured today's session on the Wash
| ington Stock Exchange when trade
was utterly devoid of bond trans
factions.
Capital Traction was fairly active
at 94h, sixty-one shares changing
hands. Ten shares Of Lincoln Ma
tional Bank sold at $50.