Evening star., 1924-12-19
TRANSFERS $4,000
TO SURPLUS FUND
Columbia National Also Votes
Dividend and Bonus-Other
Timely Notes.
BY CHAs. p. sHAEFFER.


directors of the Columbia Nation.
Bank yesterday authorized the trans
ter OF $4,000 from undivided profit
70 the surplus account of the institu-
non IN addition, the regular quar-
terry dividend Of per cent was de
cared. payable on January 2 t.
stockhoiders 81, OF record December 81
me directorate also authorized tn.
payment OF $25 and a bonus of De.
cent on a pro rata basis to ever.
employe OF the bank, to be disbursea
Immediately.
Ine Columbia National now exceed.
the roll of honor" requirements .
surplus equal to capitalization. h
$4,000. It's capitalization is $3.50
profits. $4,000. Deposits approx;
mate $3.57O,000. showing a gain ~
more than 100000 in the last J..
months. Individual deposits game
approximately $3.50, 900, while saving
increased $4,000.
Further evidence of the prosperit--
enjoyed by local banking institution.
uuring the year Is seen in the action
or directors Of the Security Saving
and Commercial Bank, who have de-
cIared an extra dividend of ne
cent IN addition to the regular quar-
terry disbursement OF per cent. hot
payable on December 81 to stock
record December "a.
Fifth District Prospers.
Rejecting the increased trade a.
tiVity In the fifth Federal Reser,,.
district, rediscounts at the Rich
mond regional m ember at the close
business December II increased s.
4Zs,o00 during the week, to q total o.,
S30,s66.O00.
Chiefly as a result of the shar,
increase in rediscounting operations
earning assets of the Richmond ban ,
increased from s27,s12. 900 to s36, )
Se4,OOO. The total reserve position
was reduced from s137,8s2,oOo TO
12s.56s.oo0 as a result Of decline
or $.482, GOO in gold reserves.
Federal Reserve notes in circula-
ton increased from S6,660,000 to
1888 900. but member bank deposits
declined 31.O41.OoO, to s64,51s,O0O.
IN consequence OF these charges the
ratio Of total reserves to combined
note and deposit liabilities declined
sharply from 1915 to S3.45-this com
pared with a ratio for the system IS
a whole of 1873.
Seeks S33,253, 900 Bond Issue.
Acting in behalf of IL of its own
| subsidiary corporations, the Atchisou
Topeka and Santa Fe Railroad toda--
Commission for authorization of bond
| issues aggregating S33,253,0O0. The
| securities will evidence the various
amounts which the Atchison has ad-
Vanced In recent years for improve
ments and extensions to the lines.
The subsidiary corporations will de
| liver the bond issues to the pareut
| corporation.
Spurious S5 Note Found.
Chief Moran CT the Secret Servicr
| today announced the circulation of A
| new IS silver certificate. The descrip-
tion follows: Series Of 1899; chec,,
letter b; plate No. 4; H V. Speel-
man Register OF the Treasury; Frank
| mite, Treasurer of the United
States; Indian portrait
This counterfeit is printed from
photo-process plates on thin paper
containing no silk threads nor imifa
ton of them. The general appearance
OF the bill is that of a washed or
oleached note and should immediatell-
attract attention. The seal and larxr
number W with superimposed Five
In blue appear to be handwork. The
number of the specimen at hand is
N2o4l6sos. The figures of this number
are too large, and are irregularly
printed.
Bankers Plan for Dinner
Lucius Teter, president of the trust
company division of the American
Bankers Association, yesterday an
nounced the committee on arrange
ments for the fourteenth annual ban
quet Of the trust companies of the
United States had decided to hold
the affair at the Hotel Commodore.
Now York City, February 19. next
The speakers will be Sir Henry
Thornton. chairman and president OF
the Canadian national railways and
President Ernest Martin Hopkins of
Dartmouth College.
Hartman Gives Bonus.
The local house of Hartman &,
Co. today announced it will pay a
Christmas bonus to all employees at
the rate OF 10 per cent of the yearly
salary.
Trading ON Local Board.
Today's local market was dull and
uninteresting. Mergenthaler continu-
ed to sell at a high level. 36 shares
changing hands at 10. with Lanston
easy at 761a. Thirty shares of Capt.
tai Traction brought s1A. National
Mortgage and Investment preferred
was actively traded in, total of
240 shares selling at 9A.
Bond trading was confined TO utilt-
ties, with no change in price.