Evening star., 1928-04-21
WASHINGTON BANK
qCLEAR|NGS CLIMB
Business Barometer Shows
Good Improvement in
the District.
BY EDWARD c. STONE.

Judging by weekly bank clearings
business IN Washington is improving
clearings for the week ending on Apri
l9 beng SS0,l07o00. compared Will
S@S,024.0o0 for the week ending Apri
- and also an increase Of lo.9 per cen
over the corresponding week = year ago
Baltimore also showed a good gain
clearingS on April 10 totaillg $Il0I29.
GOO, compared With S96,07I 600 for thu
PREVIOUS week. and an increase of G.
Der cent over the same week last year
Richmond likewise reported a gain
With S4S.Ili.o00 against S4a. 1856 200 ol
April IL and an increase Of ~ per CEN
over last year.
Bank clearinSS for the country as q
whole, according 10 BradStreet'S. aEgre-
gated $lS,02S 100 0o0. as against $40,
236.S2S, 600 last week and So294 SIS. .00C
Tor this week a year ago,
Some Timely Bank Comparisons.
How The earnings and expenses oi
national banks III WASHINGTON compare
with averages III other portions Of the
country is shown In AN analysis made
by the ii. n. Strorck Co. bank con-
SaltantS. Chicago. The ANALYSIS is based
on reports Of national banks TO the con
frolaer OF the currency, and provides a
yarciStick by which each bank may
measure its own trends of earnings and
expenses against the average for the
country SIS a whole Following are the
ratio figures covering the fiscal year
1927, for all national banks in the city.
Net additions 10 profits. 10t7 per
cent OF capital and surplus, as COM
pared with ga per cent for ali na-
ti?nal banks in the United States.
Interest on deposits. 2T.6 per cent Of
gross earnings. as compared iyth Sc
per cent for the United States
Interest and discount on borrowed
money. I.2 per ce.l@ - --~ssa earnings.
Hs compared With Is per cent for the
United States.
Salaries and wages, 22.7 per cent Of
gross earnings. as compared with 1875
per cent for the United States.
Taxes, 81 per cent Of gross earnings
as compared with 81 per cent for the
United States.
Other expenses. 81 per cent Of gross
earnings as compared with ia per
cent for the United States.
Net losses. 81 per cent Of gross earn
fngS. as compared with ST per cent for
the United States
Net additions TO profits, 24.5 per cent
Of gross earnings; as compared with 20.3
per cent for the United States.
Interest paid on deposits, 3T.2 per
cent of interest and discount received; !;
as compared with Ss per cent for the
United States.
BiIIionai-e Concerns Explained.
The roll OF the Is Millionaire CON-
panses Of the United States. those hav-
ing assets in excess Of one billion dol
ars. is as follows.
American Telephone 8- Telegraph
United States Steel Corporation. South
ern Pacific Railroad. Metropolitan Life
Insurance Co. PENNSYLVANIA Railroad
Prudential Insurance Co Standard Oil
Co. Of New Jersey National City Bank,
New York Central Railroad. New York
Life Insurance Co. Union Pacific Rail-
raac, Atc1ison Topeka & Santa Fe
Railroad and the Chase National Bank
Financial observers declare thai these
companies have enjoyed remarkable
growth because o. thu fact that they
are institutions owned by hundreds and
thousands Of members and that each
organization is engaged in q service Of
great benefit 70 particular communities
and To the Nation ss whole.
Bankers Arranging Spring Dinner
W w Spaid has appointed Laurence
A Slaughter vice president of the
a. 4.
Pope, vice president Of the N1lnseg
Trust Co. as a committee Of Two 10
plan tire pre-conEenticu. get-together
dinner Of the association. and MAY IA
has been tentatively set as the date
for this event. Efforts are being made
70 secure the Columbia Country Club
for ki7e dinner, where it has been held
for he past two years.
Dewey Lands PoIand's Finances.
Sound money and sound trade are
the visible indicstton OF Polanc's re-
nsarkabie economic achievement during
the past seven years Of peace according
20 Charles S. Dewey IN ar interview to
be- published this week i'm the London
Review Of Reviews Mr. Dewey Is fnan-
c5ai adviser TO the Polish government
and director o. the Eank Of Poland.
Burnside Talks 10 Students.
Harold ". Burnside. assistant cashier
~ Farmers & Mechanics National
Bank and q past president Of the
eute Of Banking. delivered q talk yes
fefdav or the subject, What Goes On
Inside of q Bank" at ti1e l. O. Hane
Junior High School before a general
assembly Of students of that school
~i1iE talk vas one Of a series that are
10 be given under ti9e supervision of
fhe committee Gn public ec3u@atlon of
the American BANKERS Association by
institute men
Committee R~~o~.s Progress.
Jso@ faH and CESSATION committee Of
iEe D4AsF.ct E4nkeFs' Association. con-
sting Ct Francis O. Addison, gr, Robert
Y Fleming Henry H. hEc.<ee ard COZ
coran Thorn. reports progress. III cor~
nsctlon with the bi4ls befoye Congress
Ia which the Association is interested
TIE bills kr4oHn as = mt and sue44-
Worship acc9er4 md the auffrm
fdtacsari~e 5oth been peased
~ go 2DpFoVfc r9V the SEN
- a4m!gIee Is Is axfse1fat.
tr # agres Wgs become laws All
tsls@ Cf Congress.
financial District Noaes.
q sTge O. yass. vice president and
eafl4eT q tne Riggs National Bank, Ia
cs51aneo 10 his home with a severe cold
The BankeEs Monthly Bulletin. edited
ny Il. r. III. 6addona, appeared on the
bsn1ess' desks today,
EuYe ICE rpFAW rTpM