Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-11-21
WHITE APPOINTED
CONVENTION AIDE
Named Vice Chairman for
Annual Bankers Meeting.
October Phone Net Higher.
BY EDWARD C. STONE.

BY EDWARD C. STONE.
Appointment of j. Frank White, cash.
Ter Of the National Bank of Washington,
as vice chairman of the 1891 General
Convention Committee, was announced
today by President Lanier p. McLachlen
of the District Bankers Association. Mr..
White has served the association in
many capacities and is a banker of I'M
usually wide experience.
Mr.. White was born in Washington
in 1867 and started his banking career
IN the Bank of washington and later
changed to the National Bank of Wash
ington in 1885. He attended the public
schools in this city and graduated from
Gonzaga College. Starting at the bot
tom Of the banking ladder, he worked
his way up rapidly until reaching his
present position, which he has held for
many years.
His activities with the District Bank
ers' Association include membership on
the Hotel Committee in 1924 and 1925,
member of the Program Committee in
1927, the Transportation Committee in
1923, vice chairman Of the Transporta-
ton Committee in 1929 and vice chair
man Of the Entertainment Committee
and member of the Transportation
Committee in 1880.
Mr.. White served as a member of
the important Committee on CONNER
1856 to 1929. For two years he was
vice president of the District of Co
lumbia of the national bank section Of
the American Bankers Association. For
the past two years he has served as a
member of the local associations Pro-
tective Committee and also as member
Of the Credit Bureau Committee. He
has also served on several special COM
naittees.
October Phone Earnings Higher.
Balance net operating income of the
Chesapeake & Potomac Telephone Co.
for the 10 months ending October 81
was 4266, ASS, O decrease of $14,533 from
the same period last year, the report
Of operations Just filed with the Public
Utilities Commission of the District
of Columbia shows.
Balance net operating income for Oc-
tober was $143,566 against $121,76 in
revenues for the month of october were
$3.50, $50, with expenses of $512, 1924. OPP
Grating income, after deducting taxes
and uncollectable, was $180,689.
Telephone operating revenues for the
10 months ending october 81 were
Stat ,869, with expenses OF $5,2l7 ,462,
making operating income after deduct
ing taxes and uncollectable 81, 426, 1926.
Taxes for October amounted TO $53,22S,
an increase of $6,17s over the same
month last year. Taxes for the 10
months ending October 81 amounted to
$46o, l91, which was an increase of
S1,13S over the same period In 1929.
Capital expenditures for new plant
and equipment during the first 10
months of the year amounted to $2,-
964, 1854. Gross retirements during this
period were s2,T78,9 87, making net adj
ditions 9185,677 Net additions to plant
for the IL months ending october 81
amounted to $646.950,
During october 1901 telephones were
making a total Of 106,O37 in service at
the end Of the month. There were
17.577s70o originating telephone calls
made during the month.
Bond Club Starts Activities.
T. Baker Robinson, secretary OF the
Bond Club of washington, has sent out
notices stating that the first regular
luncheon Of the Fall and Winter season |
will be held Tuesday, November Is, ct
the Carlton
DR.. Harold @. Moulton, president Of
Brookings Institution and former pro-
lessor Of economics at the University
of Chicago, Is to be the speaker at this
luncheon. DR.. Moulton is the author of
numerous volumes on economic and
financial subjects, including Financial
Organizations of Society,"" "Germanys
Capacity to Pay" 1.-THE French Debt
Problem" World War Debt Settle
mentsn Dr. Moulton's talk win be of
particular interest to all members of
the Bond Club and their guests:
This years officers Of the Bond Club
include Sidney T. Thomas, president;
Lawrence M. Proctor, vice president: T.
Baker Robinson, secretary-treaSurer and
william w. Mackall, jr., and Charles
NJ. Henderson, members of the beard
Of governors. The officers are looking
forward to an unusually active year.
Today's Trading on Exchange.
In sale of only 10 shares Capital
Traction sold today on the Washington
Stecx Exchange at 40. 1t closed 1914
bid md so asked.
C'1er stock sales were all in small
lots today. Potomac Electric Power 8
per cent preferred came out at 110h
and the 515 per cent issue sold at lot.
Peoples Drug Stores preferred recorded
one sale at 100.
In the bond division Capital Traction
Be- sold at IS, washington Gas IS, series
A, came out at 1921, and Washington
Railway g. Electric Is changed hands
ct 90.
C. a o. October Report.
Gross revenues Of the Chesapeake g.
Ohio Railway for october were S12,-
64O,i73, q decrease Of $1,695,l76 over
October Of last year; operating expenses
were 81 ,24o, IT'S, decrease OF 81 ,749, 969
as compared with October Of last year:
net railway operating income is $4,-
z56,TiS, an increase of $21 ,249 over
october of last year. The net income
after all charges for the month Of Oc-
tober, 1890, was 90, sos, 377, decrease of
slO4,5TT over october of last year. The
operating ratio Is SIS per cent COM
pared With 63.2 per cent or october
Of last year, or a decrease Of 5.4 per
cent.
For the 10 months ended October 81,
1890, the Chesapeake e. Ohio Railway
Co. shows gross revenues of $ll6, 1876, SAL,
q decrease of $40. 1885, S6. Operating
expenses were $73,764, 969, decrease Of
$s,576,25s. Net railway operating in
come was s34,471,113, q decrease Of
$2,3S3,5I Net income after all charges
is $28, ISL ,634. a decrease of $1,514,952
compared with corresponding period of
1929 The operating ratio for the period
Is 635 per cent, q decrease Of 1T per
cent as compared with same period
q year ago.
Cleaned I'm Financial District.
The Standard Forms Committee OF
the District Bankers Association held
q very interesting session yesterday aft
ernoon. Chairman Thomas J. Groom
presiding.
Membership Of the committee TO aid
in drafting legislation to prevent fraud
In the promotion or the sale of securi-
ties In the District was announced yes
terday by the temporary chairman,
julius !. Peyser, chairman Of the board
Of directors of the Security Savings
Bank. The committee includes Paul v.