Evening star., 1928-11-25
--------------------- -
.$3e,c7S,365 $2e,942,09
LIABILITIES.

Represented by 256,ooo no-par shares
In his annual report Norman Dodge,
the president, said, with other things,
that the sales forecasts from foreign
and domestic representatives are en-
couraging for the coming year. This
year foreign business showed material
improvement over 1927. He added:
"The changes in the trend of the
printing art are subject to continual
study by the company5 experts, so that
the needs of the art may be anticipated
and met. Looking to this end, the COM
pany continues the maintenance of ex-
perimental departments under the con-
troll of engineers skilled in the typeset-
ting machine art. Inventions are also
sought from outside sources, and, when
found desirable, are purchased en- terms
assuring fair compensation to the i'll
ventorS.
Linotype machines are in use in
every civilized country in the world,
and in the composition of matter in
more than so languages.
THE associated companies, Linotype
& Machinery, Inc, Of London, England,
and Mergenthaler & Setzmaschinen-
Fabrik, G. m. b. h., Of Berlin, Germany,
the controlling interests, are steadily
gaining ground"
Credit Men i'm Educational Drive.
Lister T. Watts. president of the
Washington Association of Credit Men,
announces that the local organization
will launch its educational program for
the current year Tuesday evening in
the Offices OF the Washington Stock
Exchange. The association has or
ganized a Washington chapter of the
National Institute of Credit, which is
the educational department of the Ma
tional Association of Credit Men. The
organization of this class is in line
with the policies of the new executive
manager of the national association,
Stephen I. Miller The class in credits,
| collections and basic economies will
meet for the first time on Tuesday,
with F. Joseph Donohue instructing.
At the organization meeting the fol-
| lowing officers were elected: Presi-
| dent, w. F. Simpson; first vice presi-
dent. Emory Galliher; second vice pres
| ident, e. C. Baczenas; secretary, Lii
liam ingram: treasurer. John A. Reilly:
| librarian, Mrs. E. j. Hess. The board
of governors includes L. M. Hewlett,
E. P. Rickmeier, M. M. Watson, E. A.
| Brown and j. Frank Kelly.
National Bank Resources Soar.
John w. Pole, controller of the
currency, has announced that aggre-
! gate resources Of the 1876 national
| banks in the United States totaled
| S28, ,925, ,480 900 on october 3, a new high
record and an increase Of $1,7l1 $50, 900
over year ago.
Loans and discounts. including redis-
| counts, amounted to Sl5.116,869,0 900, a
decrease of $23.126000 since June 80.
but an increase in the year of
$749, ,943, 900.
Paid in capital stocks of national
banks on october 3 totaled $l,615, ,744,-
600. Liabilities for circulating notes
outstanding totaled 68.548,00
Total deposit liabilities we're $780,
o05, ,311 900.
Soper Names Institute Editors.
James A. Soper. president of Wash
| ington Chapter, American Institute ol
Banking, has announced the appoint
ment to the editorial staff of Dollars
and Sense the following:
Editor, Aubrey 0. Dooley Commercial
National Bank; associate editors, John
r. Keener, Riggs National Bank; Hide
M. Shomo, Washington Loan 81 Trust
Co.; Robert E. Lee, Lincoln Nationa
Bank; business manager, Raymond D
Lewis, American Security g. Trust Co..
circulation manager, o. Lehman. Sc.
curity Savings 81 Commercial Bank.
Mr. Dooley is entering upon his thirc
year as editor Of the local chapter.
publication. and in that capacity HI
and his associates have maintained 6
high standard. special articles hav.nf
been contributed by cabinet members
United States Senators, educators
financierS and economists.
President Soper also announced tina