Evening star., 1925-02-18
ACACIA INSURANCE
REPORTS BIG YEAR
Assets Now Total $780, :
815-"Merg" Jumps
Five Points.
BY CHAs. p. sHAEFFER.

alton today reported a gain of s2,S4s,
00S in assets, S2,C35,1 ,145 in reserve
and $277.063 in surplus for the year
ending December 81, 1924, as com
pared with the previous IL months
period. Total assets are now s12,-
3S5,S15, surplus s1,24S,5o1 and re-
serve s1o.734,3s1
Insurance in force on December 81
last, amounted to s174.625,3 900, repre-
senting a gain of $22, ,434 500. Assets
OF the cdQifpany include approximately
s6,50o,000 in first mortgages on i'm
proved real estate, bonds aggreeating
S1,666.251 and cash to the amount of
$603,S71.
The Acacia is essentially local in
It's origin. It's board is made up
mainly of local men, but 1t is operat-
ing in 80 States.
Inc board is comprised of the fol-
lowing: President, William Mont
gomery; T. J. Adams, w. L. Andrews,
Charles E. Baldwin. Arthur Carr,
Z. Z. Coombs, Paul B. Cromelin, w
X Cowden, ]. Harry Cunningham,
George w. Evans, l.. Whiting Estes,
william L. Hammock, Thomas e
farrell, A. W. Johnston, ]. Claude
KEEPER, John T. Meany, Arthur D.
Marks. Joseph II. Milans, J. B. Mich
OILS, NJ. D.; John Poole, Charles +.
Roberts, John V. Sees, L. P. Steuart,
Eugene f. Thompson, Francis d
Winston and ]. p. Yort.
Linotype Jumps Five Points.
Mergenthaler Linotype today scared
points to 176h on the favorable
and unexpected extra dividend action
voted at the regular meeting Of direc-
tors in New York yesterday. The
issue opened at 176S, the days high
thereafter easing off to 176% and
l76k- Only 80 shares were sold
Washington Gas Light stock was
easier, selling off to 57s4, while Cap
itai Traction declined an eighth point
on the day to 90. National Mortgage
and Investment preferred was heavily
traded in at 93s
BANKERS to Name Resort.
The selection Of a resort for the
1925 convention of the District Bank
ers' Association will probab bly, be made
lat this afternoon, when the council
of admin istrat tion of the bankers body
meets with w. j. Waller, chairman of
the general convention committee
Mr.. Waller has at his disposal ex
tensive data on the four resorts being
considered namely, Hot Springs,
White Sulphur Springs, Spring Lake,
n. J.. and Asheville, n. C.
While the council is vested with
of the site, Victor B. Deyber, presi-
dent of the association, said this
morning a special meeting of the
association would be held to have
member banks approve the councils
selection simply as a matter of
courtesy.
North American's Earnings.
Net earnings of the North Ameri-
can Company for 1924 were in excess
of s18,00O,O00 after all charges, but
before reserves for depreciation,
against s16,25S.454 for 1923, accord
ing to a preliminary estimate. In
1928 depreciation reserves were al
most s7,0O0,000, which would indi-
cate the net for 1924. after deprecia-
ton, will be more than s10.000,0o0.
Electric generating capacity was
increased from 74s,415 XIV. to s7s,-
965 XIV. and the electric output in
creased from 2,153,614.s63 XVIII. to
2,32s.s1S,141 XVIII, with an Increase
of more than $4,000 in electrical con-
sumers.
The substantially greater increases
in electric output now being ex-
perienced indicates 1925 will be a
record year.
Join Telephone Board.
Alexander Britton and Edwin c.
Graham yesterday were added to the
board of the Chesapeake and Poto-
mac Telephone Co. at the annual
meeting of stockholders. The former
is one of the prominent lawyers of
the city, is identified with business
and banking institutions, and is
president Of the Chevy Chase Club.
Mr. Graham is president of the Ma
tional Electrical Supply Co, is
member of the Federal Reserve
Board for this district, and is also
bank director as well as a leader
in civic activities.
Other Washington members of the
board who were reelected are Charles
J. Bell president of the American
Security and Trust CO.: John Poole,
president of the Federal
National Bank and Albert E. Berry,
president of the company. The non
resident members of the board are
Walter S. Clifford, president of the
American Telephone and Telegraph
CO., and Eugene S. Wilson, vice presi-
dent of the same company.
With the board as now organized,
Ave of the seven members are local
men.
MerEenthaler Votes Extra"
Directors of the Mergenthaler Limo
type Corporation yesterday declared
in addition to the regular disburse-
ment of 2h per cent, both payable
on March 81 to stockholders of rec
ord March 4.
The typesetter is on definite divi-
dend basis of 10 per cent and yes
terday's extra action marks the
first recurrence along this line for
many years. The company is capital
ICED at s12,s00,000.
4, ,i,,c rf<>y, h,re I,atl
seats on the board. these being Ed
ward j. McQuade. vice president of
the Liberty National Bank, and Fred
eric D. McKenney.
Board Issue Quickly Sold.
Subscription books to- the S2.10o.
900 of Philadelphia Suburban Gas and
Electric Co. first mortgage 51a per
| cent gold bonds closed an hour after
opening, Stroud, Kurtz & Co., who
participated in the syndicate, an
| nounced this morning.
The bonds were sold at SO to yield
| 5.64 per cent.
Record Freight Movement.
A record movement of freight for
| this season of the year In virtually
all commodities was reported today
by the American Railway Association.
The total of 928,244 cars OF revenue
| freight loaded in the week ended
February z, the figures OF the associa-
| tion showed. was an increase of 32,-
1S0 cars above the figure for the
preceding week and of 22,227 cars
over the number for the correspond
| ing week of 1924.
| During the first week of February.
only two classes of freight-live stock
and coke-and only one district-the
Central Western-showed decreases in
loading from the totals of the pre-
vious week.
| An increase of 34 per cent in rev
| iurb ha