Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-03-29
Made c. & p. General Auditor.

Made G. g. p. General Auditor.
Harry C. Gretz is appointed general
auditor of the Chesapeake & Potomac
Telephone Co. for the District of Co
lumbia. effective April l, according to
an announcement Just made by Philip
o. Coffin, vice president.
Mr.. Gretz, who has been general ac-
countant Of the telephone company
since December /, 1919. entered the
service of the Bell system with the
: Western Electric Co. in November, 1903
He was subsequently connected with the
accounting department of the Bell Tele-
phone Co. of Pennsylvania at Philadel-
phia, Pa. His association with the Ches-
apeake d Potomac system began jan
uary !, 1912, when he was appointed
general bookkeeper, with headquarters
at Baltimore,
He is member of the City Club and
The Washington Golf and Country Club
Transit Income Improves.
The Washington Rapid Transit Co.
t reports gain in net income of $4,045.39
In February, 1929, over February, 1928,
according to the monthly report filed
with the Public Utilities Commission.
The company showed a deficit OF
! $3.25634 in February, 1928, and q
deficit of $2,39696 in January of this
! year The improvement Is attributed in
part to an increase of ! .237 in revenue
passengers, which numbered 442 $50
last month. A contributory factor was
a decrease of 5,285.7 in bus mileage
which fell to 133,3574 in February.
Operating revenues amounted TO $46.-
1882 last month a gain of 81 ,260 OF
over the same month year ago, and
operating expenses aggregated SAL :
1879, falling off Of $3,96744 from
February 1928.
The company reports net operating
revenues Of $4,988 SO. which contrasts
with a deficit of S23863 a year ago
Taxes were $l,44l.19, against $65833 in
February Of last year. Operating in
come amounted to $3,54764, as COM
pared with $897.01 in red ink year
ago. Gross income, which in February
1928, was Sl96.94, aggregated $3,662.44
last month.
500 Bond for Each Six Shares.
1t is expected In Wall Street that
the forthcoming bond issue of the
American Telephone & Telegraph Co
will comprise 500 and 81 900 bonds
and possibly $500 bonds as we'll In
this manner it was said the smaller
holders Of the company's stock would
be able to utilize the rights which they
will receive after the stockholders have
approved the issue. If the full amount
of 1925 900 600 is issued at one time. a
pro 1ata sale to stockholders would Dc
approximately in the proportion of one
500 bond for each six shares of stock
held.
Bank President Returns.
Bertram Chesterman, president of the
Morris Plan Bank of Washington, jus,
returned from New York where he has
been attending an executive commute.
meeting Of the Industrial Bancmanage.
ment Corporation. which corporation i:
the managerial body Of the Industrial
Bancshares Corporation and the Nor.
riS Plan Corporation OF America.
Financial District Notes.
James M Proctor, first vice presiden
of the District of Columbia Bar ASSocla
ton. will represent the association a
the meeting of the flduciary section o
the District Bankers Association to
night at the meeting at the Universit.
Club An attendance of over so is as
sured.
Improbable accounts was the mos
important matter taken up by the audi
tors section of the Bankers Association
at the meeting last evening at the Uni
versity Club. The work of the standin
committee of the association was re
rently turned over TO the new section 10
future attention and action.