The Washington times., 1925-04-20
BANK CALL IS
PROSPERITY
INDEX
Growth and Strength of D. G.
Position Reflected in
Statements
By RICHARD HATTON.


At stated periods, at the call Of
the Treasury Department, banking
institutions are required to make
public statements which. in more
or less detail, set forth the condi-
ton and business position OF the
institution. Such a bank CALI
recently was issued by the Treas
ury. and in response The Washing
tom Times has carried the state
ments of q large majority OF the
banks of the District or Columbia.
The official form, however, upon
which the bank statements are
made out, do not convey to the
Law mind the very important data
set forth, for the casual newspaper
reader is not often concerned with
Intricate accounting figures.
What has been indicated In the
official returns made by the banks
Of the District of Columbia to the
Treasury is that, without excep-
lion, the financial institutions IN
this city are. in splendid condition.
That they are gaining in business
md in prestige and that their man
agement and direction is such that
they are among the most solid
and flourishing financial institu-
lions in the country. The deeper
meaning. is that this community
in which live the customers and
i the patrons and the depositors or
the local banks, is a thriving, pros
porous, expanding community and
that there is among the people Of
washington a decided and very
evident spirit of thrift and saving.
The largely increased deposits re-
ported by local banks is a certain
indication, not only Of prosperity,
but of a far more important factor
In success, saving. When COM
munity is prosperous and when a
community is saving the future
OF that community is assuredly
bright.
Plenty for Investment.
Some time ago fear was expressed
that the large amounts of American
capital invested abroad might re-
duce available cash for investment
in the United States. While there
ID no question as to the large
amounts of American money which
have gone into foreign Investment
IL
parent diminution in the money
available for investment in the.
limited States and this is especially
the case with regard to this city
where opportunity for profitable in
vestment has never been better.
Those citizens OF Washington who
have co-operated in the wise direc-
|tion Of the local banks resulting in
the very satisfactory statements
Just published need not look TO
Europe in order to find profitable
employment for their savings.
Every indication points to q con-
tinuation Of the splendid progress
now being made by the National
Capital along all business lines and
as a residential city Of the first
magnitude. There is q continuing
demand for new real estate de.
velopment here which offers the
most attractive investment that
Fan be found, fully secured first
mortgages. There are many local
houses with years of successful OPP
eration behind them today offering
the public the highest class securi
lies backed by the unimpeachable
knowledge that Washington real
estate is as safe and as solid AMI
" certain to increase in value as is
my investment medium IN the
world.
Backing Is Solid.
There is nothing OF the boom ma
ure in the Washington real estate
narket. 1t is not. as have been
AMY seemingly expanding mar
ets, subject to frenzied advertising
precarious popularity. Washing
pt "sell climate" 1t is not a.
inter resort, it does not "sell sun.
line," but it has become the most
,sirable allthe- year-round resi-
initial city in the United States
ID, as the seat of the Federal
bVernment. it makes it's appeal to
e whole country as the most de-
able residential city in the world.
AS the city grows in residents,
obviously, it must grow IN all
hes OF mercantile business. In
.stment in business property here
as safe and as assured as is in.
.stnnent In residential property
his applies to the heart Of the
lsiness section and to the many
itlying communities that are rap
ly becoming local business GEN.
RS. There are many Of these
mailer business sections wherein
ay be found an increasing num-
er of stores and local or branch
hnks which serve an ever -growins
Imber Of people.
With the recently published
ank statements as a basis and the
rpanding real estate and building
etiVity as a superstructure, flank