Evening star., 1926-12-05
BY I. A. FLEMING.
!. Christmas savings movement

has passed from q rev banks TO praC
tically the entire list of banks and
trust companies as well. A few years
ago many of the leading banks would
not consider putting 1t into effect, in
sisting that results did not justify
required clerical help. Some few
banks tried 1t and afterward aban-
doned the movement as not contribu
tive to the success of the bank, crowd
ing the foyers with women and chill
dren, while the percentage of accounts
transferred from temporary to per
manent savings was inconsiderable.
The business has undergone a com
plete and desirable change and as a
result nearly all banks are after q
share of the business, the net result
being a very valuable contribution tC
the holiday trade and assisting also In
caring for necessities and the settle
ment of debts, interest on obligations,
etc.
With this season the grand total OF
nearly S. SOC. 900 is available as a re
suit Of the regular periodical savings
Of many thousands of people.
AS rule these savers are not OF
the class that has at their command
ample money for their desires at al
times, but rather of those who year
after year have found their holiday
buying restricted by a limited purse
and have also found many matters
pressing for a settlement that they
were unable to give the attention de
served.
The opportunity for saving pre-
sented itself through the advertising
Of the various Christmas clubs even
more strongly than the urge of thrift
and saving of the banks.
1t was accentuated by the desire to
give to dear ones, and the result has
been most satisfactory to the banks.
Savings in this manner have ap.
pea led to many of the well-to-dO as a
means Of better and more generous
giving and the class of savers from
week to week has shown great i'm
prOvement.
The chances are that each year
will witness an increase in the vol
ume of savings in furtherance of the
city's retail trade and the payment of
obligations. Practically all banks are
in the movement.
Corporation ReOrganiZed.
The Columbia Granite and Dredg-
ing Corporation. orga nized in 1889.
with Judge Joseph h. McCammon
president. and which has been con-
stantly inbusiness. has passed through
a reorganization and is now known as
the Columbia Sand and Gravel Co
Preliminaries in reorganization were
undertaken soon after the death Of
]. II. Bradley, president and general
manager.
In the new organization c. B. Asher
Is president. l.. l.. Reeves vice-presi-
dent and general manager. G. A. Bon
net secretary and treasurer, with G..
B. Asher. c. j. Bell, G. A. Rodney,
r. V. Fleming, c. G. Glover. jr.; G.
r. Kingsbury, A. C. Moses, l.. l..
Reeves. c. w. Smith. l.. l.. Ulman.
G.. o. Watson and r. j. Whiteford di-
rectors.
C. j. Bell has been a director since
the Oreaniza ton of the corporation.
G.. A. BOnet has served since 1907
and G.. w. Smith for about the same
time, while Mr.. Reeves has been con-
nected with the organization since
1919
Incorporated as part and parcel of
the Columbia Sand and Gravel Co.
are the Potomac Stone Co, Columbia
National Sand Dredging CO.. Columbia
Stone Quarries and the quarryinG
plant of the firm of &. G.. Smith &
Son.
The corporation owns valuable lands
in the District as we'll as in Mary
land and Virginia. wharves. gravel
and sand lands and quarries of value
of 81 900 900 with very valuable plants
and equipments.
1t has authorized capital of 81 ,200.-
600 preferred and also $4,000 shares
of common stock of no par value.
The company's wharves are located
in Georgetown and East Washing
ton, it owns ] 500 acres of gravel land
in Maryland and Virginia and its
quarries have a frontage of three
miles between the Key and the Chain
bridges on the Potomac River.
Annual business is over 81 900. 900.
In the list Of directors are many
prominent local bankers and business
men.
InstalIment Credits.
The following excerpts are from an
address recently delivered by Harry
V. Haynes. president Of the Farmers
& Mechanics Bank OF Georgetown.
at Norfolk, Va;
AT the present time. we have he
fore us for considera ton, the subject
ton, new only in it's application to
modern devices Of various kinds. Were
II not for the volume of business ha
died. l doubt IL the matter would
have more than passing notice.
the apprehensiveness on the
part of many as to what might
happen in the event We should have
an industrial depression. with the
proba BILE reduction OF the pure cha sing
power of the people through unem-
ployment, reduced incomes or reces-
Aions in business, has focused our
on it.
Il shall eliminate from our discus
sion the purcha Sc of homes on the
deferred payment plan for the reason
that such purchases follow a pla n that
IS old in principle and practice. To
possess a home Is something that Is
most desirable, giving comfort and
and It's acquisition fosters
economy and thrift. For ages man
has acquired. through installment
credit. the means to obtain a home
He mortgages his future to do this:
he relies upon the retention of his
health and strength to ena BILE him to
to produce, and our intimate
knowledge of these things convinces
rs that he was perfectly justified.
Many men Of affiuence today re-
ceived their first impetus through an
Investment OF this kind, based upon
buying. The business is
so we'll organized. handled and stabil.
zed that 1t really is removed from the
to which we shall devote
ourselves.
The Automobile Trade.
within the last 90 years there has
been developed in this country what
is probably today the largest in
dustry We have. The farm and the
city have been linked together
through the use of the automobile.
BY its use, also, commercial activ-
ities have been speeded up and
comfort, if not luxury, has been af-