Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-07-25
BILLIONS OF AMERICAN MONEY
SPENT IN FRANCE SINCE 1918
Tourists. Have Been Taking Golden Eggs to Pariss
All the World Has Marketed Millions of Dollars
Worth of Bonds in u. S.-Cossip. !

with Potomac prsfAr-c6 ans mstSSs
thaler acting well.
1t Is interesting to find the follow
ing penned by Eugene z. Thompson
of Crane, Paris & Co. end a direc-
tor OF the Washington Railway and
Electric Co., as well as more or less
prominently to the fore in the pur-
chase of local utility shares by the
North American Co.
"a circular mailed recently by a
New York firm outlining the posi-.
bilities in purchasing Railway COM
mon is responsible for its advance
from a bid of IT'S to 1875 without sales.
The same tactics were adopted last
year when this stock was run up to
ESQ. It Is understood that an unsuc-
cessful effort was made to dispose or
a. large block of stock at that
time. The circular Is so worded
as to lead an investor to believe that
a minority holding is all gold
"There might be some future pos
abilities along these lines If the COM
mon was the only voting stock. Con.
trary to such belief, the preferred
stock, of which there are $1,000 shares
outstanding, against $4,000 shares OF
the common, has equal voting rights.
This is exactly the position taken py
hundreds Of Washingtonians Wnen
the common stock was pelng run up
in wild action and the prererTeo
dragged along at a slow pace, tne
while speculation was agog over what
was "agoing to happen" ana con-
tinued rife with one mans guess aS
good as anothers.
The net result Is that some one mas
a. lot of stock bought at high prices
on which a per cent annual OWL
dend must satisfy and the preferred
shareholders have shares with equal
voting power quoted at 1914 a share
| netting better than 5.6 per cent on the
| investment.
AT the asked prices at this writing
| 210 and the bid price. admittedly
| close, at 205, it doesn't require any
| figuring to indicate that this invest
ment is not quite equal to Ia per cent
a. year.
purposes of the North American Co.,
| in it's ACQUISITION of large amounts OF
| the common stock of the Washington
| Railway and Electric Co., and the
| chances for a merger as OF today
would be welcomed. Moreover, there
would be more news in 1t than In an
item regarding the dual voting power
of both common and preferred shares
of the same company.
Intangible. and Personal Taxes.
Returns as to Intangible property
| holdings, money in pocket, tills and
banks, other than with exemptions or
| $500 in savings banks, must be filed
with the tax collector Of the District
/ by July 31-reports being based on
holdings and values as Of July 1, 1925.
Lost, Strayed or Stolen.
An article by John Poole, president
of the Federal-American National
Bank, on Saving" duly edited and
prepared for publication, was mislaid
in the editorial rooms Of The Evening
Star, in company with the MSS. OF
an article which should have appeared
in this column last Sunday morning.
Mr.. Poole, it is recalled, advised
that the regular pay day savings de-
post be made before beginning the
allotment OF money for other pur-
poses. It was a we'll prepared. care
| fully thought-out, logical appeal for
| thrift in the interest OF the saver.
Regret is expressed at its loss.
South River Pleasures.
Gently flowing, slowly ebbing, beau
tiful broad clear waters, South River.
| llNS HnllSS DSlOIc II elieIS SHeodpSdhc
Bay. is one of the most beautiful
streams in America On both banks
pretty Summer homes with well.kept
lawns and broad porches. house gay
parties, while cool salt breezeS add to
the comfort of those fortunate enough
to be invited to enjoy the privileges OF
days of rest and comfort, with the for
tunate residents.
AmuSementS are grabbing and bath
ing in the salt water chiefly. Several
| Washington bankers were out that
way a. fortnight ago, more today.