Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-06-29

Equipment aOdeG curing the first T1ve
months Of this year amounted to $780,
es9 and retirements to S554.7 03, ieav-
ing net additions Of 1885,. 265. Since
January there has been an increase of
2,371 telephones in the District
There has also been a substantial
increase IN telephone calls. At pres
ent the average number of local calls
IN Washington is $4,000 a day. In
May, 1927. the average was 587, 1000.
Given Fourth National Honor.
Harold w. Burnside was accorded his
fourth national honor when appointed
10 the national committee on public
affairs at the American Institute of
Banking convention in PHILADELPHIA.
The honor was well deserved. as he
has been intensely interested in the
institute for several years. He was
graduated from Washington Chapter in
1920, receiving the standard certificate.
since that time he has become the
holder of postgraduate certificates in
every course offered by the local
chapter.
In 1922 Mr.. Burnside won the first
essay prize ever offered by the District
Of Columbia Bankers Association. He
served as president Of the local chap
ter in 1924-25, after one year as vice
president and two years as chairman
OF the educational committee. Since
That time he has served three years al
chairman OF the local forum committee
ana inc same period as member Of the
Doard OF governors. incidentally, he
mas attended five national conventions
his present banking position Is that
OF assistant cashier Of the Farmers &,
Mechanics National Bank, being pro-
! noted 70 the place hi 1922. He took
| the A. p. degree at the University III
Maryland in 1904 and entered the
Georgetown bank in 1912. The other
three a. /. B. national appointments
neid by Mr.. Burnside were on the mem
oefship and forum committees.
Local Dividends Declared.
The directors Of the National Sc
cuFities 20. nave declared an initial
I quarterly dividend Of 81 per share on
the outstanding preferred stock. pavabIe
July 10 stockholders Of record June 30.
Int directors Of the Columbia Sand
Gravel Co have voted the regular
quarterly dividend Of Sits per share on
me preferred stock Of the company.
Banker Plans Visit 10 Ireland.
Charles J Bell, chairman Of the board
I 81 the American Security g. Trust Co
+ VII leave shortly for a three months
lrip ~ Ireland Mrs Bell will accompany
MIN and arrangements have already
! been made for him to visit the best
hshing grounds IN the Emerald Tsle
/ ne veteran banker has already won a
I place IN the hall Of fame as an angler
/ ana expects n add new stars 10 his
crown on the coming Journey.
Local Securities Quiet To-day.
Trading was light on the Washington
STOCK Exchange today In The niscel
laneoug group Chevy Chase Dairy nre
lerred sold at 10 for the first time
small sales In Mefgenthaler took plan,
al lol. two shares Of Capital Traction
500 ex~dividend at 1857, and Potoma,
Electric 5M per cent preferred cam
Out st 1861 Riggs and Commercial
National Banks and Union Trust wer
me only bank stocks moving The onl
/ bond sales were In Georgetown GAS 81
and Railway IL Electric Al at recen
levels
An Associated Press dispatch say
that the stockholders Of the Pennsyl
Yania Railroad Co al special neetin
today approved the terms and condi
tons By which officers and emnloyc
may purchase si7 500 900 Of the re
Gently allotted stock isslie
stock may be purchased at par $3.50
snpscTi psi2ps V closs August aiKs