Evening star., 1925-03-19
NATION OPERATING
COSTS ARE PARED
Savings of s132,0oO,oo0 in
Ordinary Expenses Effected
in February-Cther Notes.
BY CHAs. p. sHAEFFER.

Total ordinary costs of operating
the Government during February
last amounted to only s16o.643,762. A
saving of approximately $132,0 900
as compared with the previous month.
the Treasury Department announces.
The largest item in this economy
was in the adjusted service certificate
fund. which in January required s99-
S16, 249, while in February an excess
of credit to the amount of S34,065
was deducted.
Other factors entering into the de-
crease included a, pairing of approx
mately $4,000. 900 Of interest on the
public debt. ss,O0o,000 of refunds on
internal revenue receipts, $4,000, 600
in the requirements of the Depart
ment of Agriculture, $1,000, 900 for the
Navy Department and a like amount
in postal deficiency.
Bank Work Progressing.
Work on the new home of the Fed
ral-American National Bank is pro-
crossing rapidly, with the structure
now being rooted. The stone work is
all laid out and will be completed in
about six weeks, according TO the en-
gineer in charge. The bank will be
replete with mammoth limestones
many weighing between five and six
tons, representing some of the largest
pieces ever quarried, the engineer
states.
Carving OF head figures on the
Fourteenth street side of the bank
Will begin shortly, with an Italian
sculptor of renown in charge of the
work. The heads Will be representa-
| tive of the various nationalitfes and
races.
Estimates are also being taken for
the interior of the banking rooms.
Bank Dividend Voted.
Directors Of the Washington
Mechanics Savings Bank have de-
clared the regular quarterly dividend
or per cent, payable on April / to
stockholders of record March 81.
Theater Officers Reelected
The following officers of the Gran
dali Theater co. were unanimously
reelected yesterday for the ensuing
year: President, Harry NJ. CrandalI:
! vice president Capt. c. G. Calhoun:
secre eJary-rreaS Surer, a. F. Bethel
| Preceding the meeting of directors
/ stockholders renamed the following
| TO the board: Harry NJ CrandaIl.
| Joseph =. Morgan, Fritz u. Hoffman.
/ A +. Bethel, Howe Totten. Capt {. q;
Calhoun. Augustus Gumpert, William
| Henry White, Peter A. Drury. Frank
l.. Wagner and Nelson B. Bell.
Life Insurance Sales Up.
Sales of ordinary life insurance in
| the United States for February
amounted to $611,4S0, 900, the Life In
surance Sales Research Bureau re
ports. This is s64,959, 900 more than
! in February of last year.
Trading on Local Board.
! Lanston Monotype sold off fraction
! ally on the Washington Stock Ex-
| change today, closing at S3ss. The
/ issue was active only TO the extent OF
! 40 shares, with the initial transac-
| tion being recorded at 81.
Capital Traction, still selling ex-
| dividend = per cent. frmed up to o.
| on single sale, but National Mort
! gage and Investment preferred was
| pegged at ga, although heavily
! traded in.
! Washington Railway and Electric
| As. the only active bond, was strong
at So
| boy Brokers'" Anniversary.
| c. ]. Gockeler, the boy broker" and
! vice president of the District Ma
| tional Bank, is today receiving felici-
| tations on his forty ninth birthday
anniversary. Chris pleads guilty 10
only part of this number.