Evening star., 1928-05-13
INVESTORS OF i. S.
LEADING Lenders
Americans in Past Seven
Years Have Displaced Brit
iSh in Making Loans.
BY EDWARD c. STONE.

The Department of Commerce an
nounced yesterday that American in
veStors in the last seven years have eff
fectively displaced Great Britain from
its long standing as the worlds great
est lending nation,
The department.. taking British CON-
pilationS OF that country's foreign IN
vestments from 1920 to 1927 inclusive,
has set the total at Sd, ,l2l 100000. For
eign capital issues financed in the Unit
ed States during the same period had
a total value of $6s36,000, 600.
The foreign capital fiotation in both
the United States and Great Britain
reached new high levels in 1897.
Though the United States is now fur
nishing more funds for Latin America.
Canada and Europe than Is Great Brit
ain, the current totals Of British III
vestments in Africa and the Far East
are still considerably in excess OF those
of the United States in that area.
Twelve Committees to Report.
In accordance with the usual prac-
tice all of the committees of the District
Bankers Association will make their an
nual reports at The coming June conVen-
tion at Montauk Beach. The assocla-
tion has IL standing committees and
some of these have subcommittee which
have also been at work on matters OF
vital import TO the bankers. The factS
contained in many OF these reports are
considered of equal Importance with m
formation that may be brought up py
the special speakers.
All the committee chairman made flne
progress during the week in closing
up the final arrangements. Carl @.
Fisher, owner Of the Montauk Manor
Hotel is cooperating in every way TO
make the convention record-breaRer.
Stock Increase Is Approved.
The washington Office reports that
authorization of an increase in the
maximum capital stock OF the Lie
Insurance Co. of Virginia from $5,0O0,-
600 to $4,000, 900, has been granted by
the Virginia State Corporation COM
mission. The company increased ITS
caDtial stock from 5000, 900 to $5,000,-
600 about two years ago. 1t is one OF
the lareest life insurance companies
in the South.
Loan Association Director.
Directors of the District Building d
Loan Association have elected EDWIN
r Hill a member of the board The
new director is information manager
of the Chesapeake g. Potomac Teie-
phone Co. and associated companies
operating in the District, Maryland,
Virginia and West Virginia. Before ms
aunointment TO this position he held
other Important positions with the COM
panv, He is active In the kfwanS
Club and a member Of the National
Press Club.
= The building and loan association
reports excellent business during the
first four months of the present year.
The nresent officers include William 3.
Ouiuter. president: George s. DeNeale,
vice president: r. Wilson Camp, secre-
tary: II. v. SpeelmaI1, treasurer, and
Harry @. Kimhan, attorney. Other d.
rectors in addition TO the officers are
George A. Baker. Ray A. Miller jules
C. Kicker. J. Benson Thomas and Ed
win r. Hill.
1. C. c. Approves Safety Devices.
THE Baltimore a. Ohio Railroad has
heen notified that the Interstate Com
Ynerce Commission approved formally
the automatic train control devices now
inforce on the railroads lines between
Waveriy. Nd, and Philadelphia.
The devices which viii automatically
stop any locomotive not stopped hy
the engineer when confronted Dy sig
r1als set against It were installed on
tflfs portion Of the road some two years
ago. according to officials OF the ran-
road
Tel a. Tel. Earnings FAN On.
The American Telephone & Telegraph
Co. has reported 70 the Interstate COM
rneree Commission operating income OF
Sc SIS. 1853 for the quarter ended Marcn
3f. compared with ei0,l04,S82 a year
before and gross income Of so. 3.762.Ol4.
compared with s24, 49,. .O63. For March
the gross income totaied $e,26s.4 .45S.
agai1lst s8,312.ei6 in March, 1877. and
o1eratiY,r income came TO S3.293.673
compared with s3.sse.0e5 in March,
1927.