Evening star., 1926-11-06
BY EDWARD C. STONE.

tee Of the National Safe Deposit Ad-
visory Council opened a one-day con-
ference this forenoon at the Willard,
the aim of the sessions being to WorE
out ways Of bettering and enlargips
safe deposit service. Means of get
ting more safe deposit keys into the
hands of renters include newspaper
advertising, mall advertising, appeals
to merchants, to owners of big es.
tates, big business and professional
men in office buildings adjacent to
banks, and by personal contacts. Sew
eral other problems of vital import to
safe deposit advocates are also due to
be talked over. Only those famlllar
with this department Of banking
know the complicated questions that
arise. Safe deposit boxholders often
think they have things in the boxes
that they never put there and tney
are not always easily convinced OF
their errors.
Those attending the council are
Oscar w. Codding, manager or the
First National Safe Deposit VauitS'
Boston, president Of the council; Phlnp
S. Malcolm, secretary-treasurer OF the
Connecticut Safe Deposit Assoclatlon'
National City Bank, Bridgeport, conn
vice president of the council; L. "
DISS1u6IlL VI lIlC ANO"
Safe Deposit Association and manager
Of the Chatham -Phenix National Bank
and Trust Co.; G. J. Shaw, secretary
of the New Jersey Safe Deposit AS
sociation and manager OF the Sale
Deposit Department Of the Merchants
and Manufacturers National Bank or
Newark; L. E. Thoman, president or
the Louisiana Safe Deposit Associa-
ton and manager Of the safe deposit
department of the Hibernia Bank and
Trust Co., Of New Orleans, and Sec
retary of the council w. o. Mcclure.
manager of the safe deposit depart
ment Of the Cleveland Trust Co.
The visitors were to be the guests
Of about Is local bankers and safe de-
posit men at a luncheon at l o'clock
this afternoon.
Further Details on Bond Sale.
Such wide interest has developed in
the Washington Gas Light Co.'S 10
year 6 per cent mortgage gold bonds,
subscriptions for which open on
! Monday, that further details on their
purchase on the installment plan and
other official information about them
is published as follows:
"All bonds to be issued will be b
per cent coupon bonds, interest pay
able semi-annually, and may be regis
tered as to principal only, at the op-
ton Of the holder. Any subscriber,
who at the time of receiving notice OF
allotment makes payment In full. In
cluding premium, and interest winch
may have accrued on the bond after
it's date, will receive temporary non
negotiable receipt. This receipt later
will be replaced by the bond itself,
carrying interest from the date OF the
bond.
"Those who wish to purchase bonds
on the partial payment plan may do
so, paying therefor in the follow
ing manner: First installment or l0
per cent of face amount of BONDS,
together with the amount OF premium
thereon, within five days from GATE
of notice of allotment, and the bal
ance in nine equal installments, on
or before the fifteenth day of each
successive month, until the entire
subscription is paid in full.
Payments of any nature for these
bonds may be made at the oH1ces
Of the Washington Gas Light Co., or
the Georgetown Gas Light Co.,
Dumbarton and Wisconsin avenues,
or the Rosslyn Gas Co, Clarendon
Va. and also at the banking agencies
already named.
"a
installment plan will be allowed in
terest at the rate Of per cent per
annum on each installment, computed
from the Grst day Of the month IN
which Is Is due, provided such pay
ment be made within the first five
days of the month, to the first day
Of the month following the date upon
which payment Of his subscription
was completed, or to such date, II
payment be completed on the first
day of any month, whereupon he will
receive a full paid negotiable re-
ceipt, to be replaced later by the
bond. Any 1nstallment payment
made after 5th and before the 18th
day Of each month, will not bear
interest until the first day Of the
following month.
Adjustment of interest on in
stallment payments will be made at
the time Of the delivery of full paid
non-negotiable receipt, or of the
bond Any consumer subscribing for
bonds on the installment plan may
anticipate and pay in advance any
or all installments. The normal
Federal income tax up to per cent
on these bonds will be assumed by
the company
Moran Names Business Committee.
President Howard Moran Of the
District Bankers Association has ap-
pointed the committee on "unprofit-
able accounts and business" for the
present year. 1t is again headed by
John Poole, president Of the Federal
American Bank, his associates being
w. J. Waller, vice president Federal
American National Bank; Francis G.
Addison, jr., vice president Security
Savings & Commercial Bank; B. Agee
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