The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1928-03-29
ADS OF BANKS
! ARE AID To
PUBLIC
BY RICHARD HATTON

Once more the District of Column
bia Bankers Association is coming
close to those whom the banks serve
through a series Of constructive
and educational advertisements ap
pearing in local newspapers. Some
time ago the banks Of the city
through q cooperative effort
stressed the value of savings.
There was, also, a strong pres0n.
fation Of the excellent results to be
obtained through the Christmas
savings account. Now the benefits
OF the fiduciary services rendered
by trust companies and banks
having trust departments are be-
ing set before the public in a well
thought out series of advertise
ments which cannot fail to accom-
plish results.
II has been noted before that the
banks and trust companies OF
Washington have undertaken q
more or less unselfish service in
taking space in newspapers at con-
siderable expense to themselves for
the purpose of indicating to the
public certain economic facts which
are often overlooked and which
may have q decided influence upon
the lives Of those to whose atten-
ton sthey are brought as well as
upon the lives of those who may
be left behind.
IN the present series of advertise
nents individuals are given reasons
why they should make wills and
create trusts to the end that for
tunes which are left to loved ones
may be conserved to their use and
not dissipated through ignorance or
fraud.
There are thousands of widows
and orphans In want today who were
LEFT In comfortable circumstances,
tut who have been brought to pow
erty through ill-advised investment
and through fraud The series OF adj
vertisements now appearing in
Washington newspapers Indicate
how such catastrophes may be
avoided.
Phone Expenditures
Additions, betterments and re-
placements to telephone plant in
the District OF Columbia, approved
by the board of directors Of the
Chesapeake and Potomac Telephone
Company, will involve expenditures
OF $240,35O.
This appropriation brings the to-
fal amount authorized for such
work in the District so far this
year to 1904, 400, according to
a statement just made by Charles
Il. Clagett, general commercial SUI
perintendent.
The monthly report Of the Wash
dnUton Rapid Transit Company, as
submitted to the Public Utilities
Commission yesterday, indicated
that the net and gross revenues
in February had registered i'm
orovement over the corresponding
month in 1927.
Cross revenue was $44, S97.55, az
compared with $36,163.14 in Febru-
ary. 1927. an increase Of 24.1 per
cent. Operating expenses, includ-
ing depreciation and taxes, were
S4S.794.56, as compared with $46,.
159.4T last year. q reduction OF
as64.91. The net income after
depreciation and taxes continued
10 show q deficit, however, but
the amount this year was $S97.Ol'
compared with $9,996.SS last year.
Increase in Passengers
The company also reported an
increase in the number Of revenue
messengers, the total having In
.rreased from $685. 1913 to All, 42S,
Or 1876 per cent.
.sNet revenues before deprecia.
4ion for February were $7,S69.5S
This wear, as compared with defi-
cit of $1S0.08 last year, which
more than justified statements re-
GENTLY made that the bus COM
rany's operations for the year 1928
would show an Improvement over
last year Of more than ST. 900
and that net revenue before depre-
g-iation would amount to more than
go. OOO.'' said e. d. Merrill, pres
sdent and general manager.
president Bertram Cheseerman,
~ the Morris Plan Bank, has re-
surned from a business trip to Rich
only routine matters were dis
.russed at the meeting Of the execu-
Fiva council OF the District OF Co
Snnbia Bankers Association yester-
day afternoon.
The b. r. Saul Company has ar
Ranged to act as local representa-
lives Of the Mutual Life Insur-
snce Company. OF New York. The
Ec4fyitiee Of the New York COM
nanv in Washington will be re-
StrIcted to high-class business prop
critics.
THE regular quarterly dividend of
NJ TX uer share has been declared
- the directors of the Columbia
Eand and Gravel Company.
BALTIMORE GRAIN MARKET