Evening star., 1926-02-11
STOCK INCREASE
EFFECTIVE APRIL 7
Federal-American Directors
Meeting Today to Approve
"Cut-and- Dried" Plan.
BY CHAS. p. SCHAEFFER

increase of $500 ,0G0 in Capitalization
OF the Federal-American National
Bank Will be put into effect on A1}ri;
If plans, said to be Of a "crl. and
urea nature, are approved by IT,.
institutions directors at a spor-,.r
meeting of the board to be held l,f,
this afternoon.
Stockholders of the bank hold = s;u.
clal meeting at II o'clocl; this mora
ing, AT which time unqualified indursc
Hlent OF the boards action W.li vutel
me plan which seems certain o.
ADOPTION provides for the issuance n
1900 new shares. one half Of which
VIII be given to present stockholders
IN the ratio of one new share for each
SIX now held; 500 to he sold to pres
ent stockholders at 5000 a share white
the remaining 200 shares will he sold
10 the banks officers and emnIoyee
at 5000 share in recognition of the.
contribution to the banks success
After effect is given to the reffnanc.
ing. the Federal-American Will have 3.
capitalization of 81 500. 900, with SUI
plus Of 100000 and undivided prof.
Of 100000.
Bank Cashier Honored
charles d. Boyer, cashier Of tho
federalAmerican National Bank. haS
been named supervisor of public
education of the American Institut.
Of Banking for the territory en-
oraced by Wilmington, Del, ana
North Carolina.
Mr.. Boyer has always been prom.
inently identified with national
well as local institute matters. hs
latest assignment being d part Of Il
nationwide educational campaigr
which is being carried on under III"
auspices of the national orga nizati"m
Banks Open Tomorrow.
Tomorrow being Lincoln's birthdav.
the principal markets of the courrry
including the Washington Stock f
change. will stand suspended. Locaf
banking institutions, however, viii -
main open.
Trading on Local Board
Local securities carried little al.
peal today, a quiet and .featurelc~~
Washington market being the result
Capital Traction stock was in besj
demand. total of 96 shares selling
at 1868 upward TO 107 Federal.
American National Bank softene5
fractionaliy TO 3s9's. as did Commer.
cial National to 2597s. Railway com
mon was unchanged at 226, as we
Railway preferred at 81
Hammond's Views on Strike.
A solution of the coal problem was
offered by John Hays Hammond in
communication to the American Rani<-
erS' Association Journal, who de
clared 'the best way to minimize the
danger Of strikes and insure the Dc
livery of the right kind of coal. aud
at the right price TO the consumer. :
through the adoption by Congress {.
the United States Coal Commission
report of September %, 1898" Mr..
Hammond was chairman of this com
mission.
The statement points out that this
commission. at a cost Of more than
$500. 900, investigated the problems o:
the industry. its Investigations extend
ing over a year. and its voluminou~
report treated in detail every phase
of the industry. but despite the recon-
menda ton OF President Coolidge, Coz.
gress delayed the publication Of the
report until a few weeks ago.
Summary of Findings
y summary by Mr. Hammond OF the
findings OF the commission is given a.
follows:
"In its report the commission ez-
service it rendered should be placed
on q perIna and well co-ordinated
/ basis. For this purpose it recommend
ed the creation of a special division
under the Interstate Commerce Com
mission. 1t was its opinion that the
moral influence exerted through pub
licity is an important safeguard of
the interest of the public.
Publicity as to the quality of coal
in interstate commerce would greatly
deter unscrupulous operators and
dealers from the sale of fireproof, adul-
terated and otherwise unsuitable coal
Publicity to the cost and profits of
the operators, transportation charges
the profits of wholesalers and retailers
would enable the consumer to Judge
whether a fair OF an eNOrbitant price
is being charged for his coal. Pub
licity as to earnings. living conditions
and living costs of the miners would
enable the public 10 form judgmenf
as to the equities of disputes between
fOperatorS and miners over the renew
al of wage agreements: and informed
public opinion at such time would ex
ert q deterrent influence upon the
adoption of an unrea Sonable attitude
by either or by both parties to the