Evening star., 1928-05-26

$396, ,594.42 year ago Operating
expenses amounted TO $254, ,972 29.
against $260,722 In 1927. while taxes
totaled $34 4,85007 this year, compared
with $34.65473 in April, 1927
After deduction Of expenses and taxes
the company had an income from
operations of $95 .375.17, while last year
the same item stood at $l0l ,21752
Four Months Net Reported.
The Capital Traction Co.'S net for
the first four months of this year was
also reported. this amounting to $244, =
27l as, against a net last year for the
same period of $255 ,028 So
Operating revenues this year were
! below the figures Of last year, beins
81 $l,503,9l1.87. compared with 81, $50. =
66003 Expenses for the four months
were also slightly lower this year than
last. amounting to 81 OBS .36l 80. against
81 .043 32256.
Operating expenses plus taxes.
amounted to $1,155, ,686.1l. in compari-
son with $l,l72 45469 for the same
period year ago. The usual deduc-
tions then lett total operating in
come of $348,225.76. while the same
item last year stood at $35S. .2O5.34.
The number of revenue passengers
carried on the company's lines during
/ the first months OF this year was
1O,3l 1888. in comparison with 20. .905, ,9s4
a year ago
Bank Officer Notes Birthday.
Wilmer j Waller. vice president of
the Federal-American National Bank.
received many hearty congratulations
yesterday on the occasion of his thirty
ninth birthday anniversary. Mr.. Waller
Is one OF the youngest active vice presi-
dents connected with any bank In
! Washington. Starting as runner with
the old American National Bank. he
took to finance SO naturally that he
was advanced rapidly to more and
more important positions.
The banker was elected TO ms pres
ent position at the time OF the cunsoli-
dation of the Federal American and
American National Banks on October
81, 1929. Mr.. Waller has found time to
take a deep interest in the District
Bankers Association. of which ne is
now second vice president. According
to custom. he will be elected first vice
president at the convention at Montauk
Beach. Long Island, two weeks hence
In 1924 he served as vice president for
the District OF Columbia OF the Amer
ican Bankers Association
Washington Chapter. American In
Stitute OF Banking Is indebted TO Mr..
Waller for much loyal support. For
one year he was chapter president.
Outside of the banking field he has
reached the thirty-Second degree in
Masonry, is q member OF the Board OF
Trade and Chamber OF Commerce and
belongs to several country clubs where
ne en- Joys his favorite game golf He
was born In Kansas.
Notes In World Of Insurance.
Reports received from life insurance
companies Of the country indicate that
approximately los 800 death claims, for
a Total OF So, ,440 900 of insurance. we're
paid In 1927 on life policies that had
been In force one year or less.
or a total OF 34S. 900 policies on which
death claims were paid by a single COM
pany last yeag more than 20,S00 had
been taken out less than six months
before and nearly $4,000 had been in
force less than three months.
An investigation of over a year s
duration. conducted by officials OF a
large insurance company, has culmi-
mated in the decision that commercial
travel by plane is practically as safe as
automobile or ocean liner travel,
I Through the recommendation of in
vestigating oticials, restrictions Oh ordi-
nary afr travel will be lifted from
| policy holders
Big Grocery Chain Proposed.
| An Associated Press dispatch from
/ New York reports that formation of a
I large Southern grocery chain, 10 have
/ 1000 stores and assets exceeding S52-
600, 900, including more than rs stores
/ IN Richmond, Va, is being planned
The group, II Is reported will include
/ the former Piggly Wiggiy properties
| Southern Grocery Stores David Pendei
| Store, controlled by National Food PROF.
| uctS Sanitary Stores and Southern
( Stores Corporation. which recently took
/ over the Handy Andy chain In Miami.
| No statement has been made yet re-
| garding how important part the San
| ttary Grocery Co. OF this city might
! take in such a deal II IL IL carried out
/ Heard In Financial District.
The Federal Reserve Board announces
( that the Reserve Bank at Atlanta has
! fallen into line and raised the rediS-
| count rate to 412 pei cent.
| The main reason for returning 10 the
/ hour day on the New York Stock
/ Exchange was because traders would
not attempt to do five hours trading
! In four hours, thereby causing too
! severe q drop In commissions
/ Carl a. Fisher has been elected char
1 man Of the board of the Montuck Beach
/ Development Corporation and Howard
/ e. Conn elected president, MIR, Fisher
I Is the man who has made all the ad-
vance arrangements for entertaining
the local bankers during the June con
/ ventinn