Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-09-16
CAPITAL TRACTION STOCK LOWER;I
LINOTYPE SHARES ACTIVE TODAY
Election Of New President of Local Ex-
change Likely to Be Deferred Until
Annual Meeting-Financial Notes.

ed profits reaching $4,000, with total
resources approXimating S2,5oO,O0O.
officers are: Henry F. Taft, presl-
dent; David Feldman and l.. BROOKE
Lee. vice presidents: w. Preston GID
son, cashier, and Ben G.. Davis, .. +.
Dietz and Z. Wier Waters. assistant
cashiers. The board Of directors has
for its membership Louis ID. Bliss. l..
b. Burdette, II. H. Cobban, Il. V. Crit
tenden, r. T. Dowsett. w. K. Hill. IA.
Holzberlein, p. Blair Lee, F. G. Mil
Ter, w G. Platt, Doran S. Plat, Fl. T..
Rogers, J. w. Shade and j. l.. Shaw.
Get S34 800 900 in Interest.
Joseph S. Mccoy, Government &C
! tuary, who Announced that there are
1000 millionaireS in the United
States. SO of whom live in Washing
ton, 129 in Maryland, SO in Virginia
and 50 in West Virginia, adds that
statistics clearly show that wealth
and popuiation go hand in hand, New
York having the largest number
| followed by Pennsylvania and Illinois.
Speaking of the three wealthieSt citl-
zens i'll the country, he says:
The latest returns we have from
our three wealthiest citizens are that
they owned $33,S11, 500 of the obliga
divisions thereof, $S2,691,S50 of obli-
cations of the United States not tax
able and $3,823,59S partially taxa BILE.
In addition they held corporate Sc
cur1tleS. from which the dividends
in 1924 amounted to about $50 ,000,O 600.
This represents d total of stocks and
bonds held by these persons of from
50,000,000 to $SO0,000,000. from
which they received about S34,500,
600 interest and dividends.
IF to the value OF these securities
| be added the value of all the other
property owned by these three mil
honaires-their non-productive or in
active securities. their holdings of
real estate, collections of art, jeWelry
and all other personal property-it
would seem safe to say that the en-
tire present value of their gross es-
! tates will be in excess. of $4,000
600 900"
Ice Companies Having Good Year.
Despite comparatively cold weather
this Summer and competition from
electrical refrigeration, ice companies
will report good profits for 1926. based
on results attained thus far, accord
ing to John Nickerson, New York in
vestment banker.
| the principal ice companies slightly
above those of last year, which was
the most prosperous in the history of
the industry" said Mr.. NickerSon.
| This is on the basis of a survey OF
operations in various sections of the
country.
1T is indicative of new trends slim
ulated by recent advertising and pub
llc1ty emphasizing the Importance of
regular refrigeration in the home. Ice
companies throughout the country re-
port that not alone are more people
! using ice than ever before, but many
old customers who were seasonal
users have been impressed by the i'm
portance Of year-round refrigeration. "
Addresses Land Bank Heads.
Elmer E. Landes of this city, mem
Der of the Farm Loan Board, was the
principal speaker yesterday at the
Detroit convention, taking for his sub
ject, Seasoning of Joint Stock Land
Banks" Among other things he said:
Il challenge the naming of any as
sistance or aid-local, State or Ma
tional-which has given agriculture in
the past decades-in this country or
any other Countrywide help afforded
by the farm loan system.
'"The mathematical problem which
naturally arises, it seems to me. is:
How much worse would agricultural
conditions have been had not the farm
loan system been in existence; how
many scores of rural banks with
frozen credits were saved from the
rocks; how many farming cOmmuni-
ties were protected financially during
the stress; how many thousands of
American rural homes were main
tanned?
1.-THE magnitude of all these services
is of such volume and of such impor-
tant consequence as makes it indefin-
able and Incompatible"
Demands of c. & O. Stockholders.
1t was reported today in Wall
Street that a guaranteed dividend of
S12 share, or cash offer between
$3.50 and $500, will be insisted upon
by the minority interests of the CheSa-
peake and Ohio Railway as means
of appeasing their opposition to the
modified nickel Plate" merger plan
of the Van SWeringenS. Directors of
the Erie Railroad are scheduled to
meet next week, when the special
committee now studying the revised
plan is expected to submit it's report.
Personal and Other Notes.
Joshua Evans, vice president of the
District National Bank, will address
the Advertising Club of Richmond to-
morrow evening on the work and
methods of the Washington Better
Business Bureau. Mr.. Evans is one
of the officers of the local organiza-
ton. There is a move on to establish
a similar bureau in Richmond and
Richmond business men are anxious
to hear all about the local organiza-
ton.
After figuring in the construction
and erection of over $500, 900. 900
worth of buildings for others, Stone &
Webster are now moving into new
home of their own, the new Stone &
Webster Building, 147 Milk street,
Boston, which will serve as their
new headquarters. This is the fourth
time in 81 years they have outgrown
their quarters.
A syndicate headed by Merrill,
Lynch & Co. and Hallgarten & Co.
of New York is offering today an issue
of $1,300,000 15-year 612 per cent gold
notes of the McCallum Hosiery Co.
The notes mature in 1941 and are
ra,-iTn of ;,,%A i