Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-02-02

1926. and sloS.77l in November. lS2I
the marked decline being due TO yer!
much heavier operating expenses. otle'
comparisons follow:
Dec 1876 Dec. 1?"7
ro,,, o,e-,,inr revenues S6.S3Hi $3.50 .66'
IoaSi, 9 ,,nsi5Ile2Iab' N 4.a5i5 53S.3o!
Net operating revenues, S.ssS Sl--''o'
Taxes assign5hle 10 op- .,.o- aoo-t
eraiions NA'"N'
Operating t.cor. sI5iiiss:: $50 S Si;
Non-operating income 49,
c.o.. ;rcoue .. Sl6l .40i sSi.cot
Rent and miscellaneous c,s, 9...
Deductions 80
... si;a% 81 s s%s ss'
NJ, income Sii63;o -? aSs
House Passes Director Bill.
A bill to permit any private banker
to hold a position in two banks ana "
enable a class A director OF Feoerai
reserve bank to hold two other banking
positions was passed by the House yes
terday afternoon.
The measure. sponsored by Chairman
McFadden of the banking commlttee'
as approved after the House relec.eu'
iso to l39. motion by RepresentsI.e
C;oldshorouch Democrat. Maryland. to
prohibit interlocking directorates IN
banks with aggregate capital and mol
xiduai profits in excess Of S5.OOo.Ooo.
Acacia Reports Best Year.
President William Montgomery OF the
Acacia Mutual Life Association report
ed Yesterday that new insurance paio
in during 1927 totaled $50. ooI.ooo.
new gain in business OF 20 per cent,
ov far the best record the company mas
ever made in one year. A gain OF over
81. 900 900 was made in assets during
he year. this total now stanoing ABOVE
sa3 600 000
Another feature Of the presidents re-
MORT was his citation of the fact tnat
the net lapse last year was the small
IS, ever recorded in the history OF the
association. This is the direct outcome
o. an intensive campaign looking To-
ward the virtual elimination OF the
lapsation evil in so far as Acacia Is
concerned
Officers of the association include In
addition to Mr.. Montgomery. j. Harry
Cunningham, vice president; j. P. Yort,
secretary: j. Claude KEEPER. treasurer:
Charles z. Baldwin, assistant treas
urer. and DR.. J. B. Nichols. medical
director.
Directors are as follow: T. JEFF
Adams. W. L. Andrews, Charles E
Baldwin. Harry Blake. G. c. COMBS.
W. K. Cowden. Paul B. Cromelin- j
Harry Cunningham. L. Whiting Estes
&c. Graham. James G. Hoyle. Thomas
2 farrell. J. Claude KEEPER. Arthur D.
Marks. H. L. Rust. jr.: L. P. Steuart,
Eugene e Thompson, z. Lee 1rinkie
Francis D. Winston and J. P. Yort.
Novel Meeting Of Bond Club.
Ralph S. Child OF the buying de-
partment OF Bonbright &, Co.. viii give
a talk before the Bond Club OF Wash
ington. at the Hotel Lafayette next
Tuesday, at 3 O'Clock. Mr.. Child's SUBJ
ject viii be ''Super-power-the Inter
connection Of Electric Companies in the
United States" and accompanying this
viii be a moving picture entitled Elec-
tric America" This address and MN
viii be especially interesting. as it VIII
industry. Members have been invited
70 bring guests
Credit Men TO Honor Miller.
The Washington Association Of Credit
Men win hold its annual Midwinter
banquet Saturday. The banquet this
wear win have an unusual interest for
the wholesalers and bankers OF the Ma
TONS Capital In view Of the fact that
/. VIII be q testimonial banquet In
honor OF Stephen !. Miller, the new
executive manager OF the national as
ISOLATION. Robert v. Fleming. president
Of the Riggs National Bank, viii act as
POSTMASTER.
Lister T. Watts of the Stanard OIL
Co OF New jersey. president OF the local
association, has appointed Frederick p.
H. Siddons, secretary OF the American
Security d. Trust Co. and also d.
rector Of the Washington Association
Of Credit Men. as chairman Of the spe-
cizl committee In charge Of the testi-
n1onial banquet He will be- assisted by
w. c. Hanson. RAYMOND D. Lewis.
Lister r Watts. r. w White, John n,
Auth. w. p. Simpson and John A..
Reilly.
-Four New Institute Prizes.
-Four new $50 prizes for proficiency
In class work AZ the in1titus have been
offered. President ] p, Roberts an
noUnces President RoDert " Fleming
Of the Riggs National Bank. President
w W. Gpaic Of the District Bankers
Association. President George o Wal
son Of Liberty National and President
Floyd r. Davis Of Lincoln National are
Offering the new awards
Last years $50 prizes also have been
renewed by President Charles J Bell
81 the American Security a. Trus, Co.
Washington Clearing House, William j.
Yiatker. vice president riggs National:
President Victor p. Deyner VI Second
National, President John Poole Of FED
eYsi-Anerican National and George w
White III National Metropolitan. These
sZfc ks h..
awarding o! special honofs IN connec-
don with every class IN the chapter.
Capital Traction Stuck at us.
Capital Traction stock reached iis
ON the loca! exchange TO-DAY, presesI,
merger negotiations being assigned as
the reason. The days Sales totaisc SIS
shares. Washington Railway III Flee
uic also was strong moving at I03z4
Cat sid al esis, SAND IL Gravel al
IDS. Potomac Electric Power 81 pei
oent preferred al 100 ard four share,
~ Rigs National Bank a. 500 fiat
BONDS were also strong Potomac Elec.
uric Power 6s registering 1921, Gsa
Fl. series A. 1861. series -, i0s14, and
Railway IL Electric g. a. ~
Financial District Notes.
J. Frank White. cashier III the .a.
tionsi Bank u Washington, IL bacs
st hlG desk after q severe attack d
the gY5p.
Eugene 4 TlMnpson. head VI ths
AAs<,ciaAd suck Exchanges. has ne
turned from trip " New Orleans.
Gross income VI tue Washington
CoilSJlidztec Title Co, wilose issues ar
listed on the local market. tyts!ed s5I4,
625 IN 1927 Net income after taxe
snd interest waS si6s 7s2 After pay
meDt III preferred dividends. which
were covered { 50 times over, ts3s4
was added W surpluk