Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-02-07
STAMP TAX SHOWS
STOCK SALES DROP
Business Reviewed Here and
In MaryIand-D. C. Bankers
Praise Associate.
BY EDWARD C. STONE.

. Capital stock sales and transfers fell
of sharply in Maryland and the Dis
trict Of Columbia during the last six
months of 1880 as compared with the
last six months of 1929, according tc
last night by the Bureau Of Internal
Revenue.
Receipts from stamp taxes on capital
stock sales or transfers in this collec-
ton district dropped from $24,237.86 to
$l2,22808 during the comparable period,
as compared with somewhat similar
falling off for the country as a whole
at the same time from $26,067, 1894 to
SIS, 1861 Al.
There was also a big decline in the
stamp taxes on bonds of Indebtedness,
capital stock issues, ETC." which for this
collection district dropped from Sl04,-
981.2S to $67,04354. These taxes for
the country as a whole during the same
period dropped from $11 ,459, 1921 to
$685., 572.61.
Stamp taxes on playing cards fell off
In Maryland and the District of Column
bia from $2l.40 to $500.
Bankers Laud b. F. Saul.
Resolutions upon the recent death
Of B. F. Saul, member of the asso-
citation, were passed at a special meet
ALlk VI VIC OlobIl VI SOlulIlJAd DdALh-
ers' Association yesterday afternoon,
President Lanier P. McLachlen pre-
siding.
After a shcrt sketch of the life of
Mr.. Saul who was, at one time, preSi-
dent of the association, and mention OF
his pre-eminently successful career, his
contribution to the success of many
large organizations, both local and ma
tional; the confidence and esteem Ill
which he was held, and his contribu-
tons to the civic affairs and charities,
the resolution said:
Therefore be it resolved, That in
the death of B. Francis Saul the Dis
trict of Columbia has lost one of its
foremost citizens, whose work in the
domain of public and private effort
contributed in a very large degree to
the advancement of the community
and the welfare of its citizens;
THAT the nlS.ny business enterprises
with which he was connected officially
. have lost an a0ie and valued counselor
and leader; and
THAT we, the members of this as
ISOLATION, have lost a sincere and loyal
friend, whose qualities of mind and
heart manifested on many occasions OF
business and social intercourse COM
manded our deep respect and genuine
affection"
Resolved, That this minute and
resolution be made part of the perma-
nent records of this association and
copies thereof be sent to Mrs. Saul, the
American Security g. Trust Co. and
the Columbia National Bank"
President H. H. Mckee of the Ma
tional Capital Bank, chairman of the
committee which drafted the resolution,
paid q glowing tribute to Mr.. Saul in
presenting the resolution. Other mem
bers Of the committee were President
Robert v. Fleming Of the Riggs Ma
: tional Bank and President Corcoran
Thorn Of fthe American Security q
Trust Co.
Acacia Has Excellent Year.
The annual meeting Of Acacia Mutual
Life Association will be held March II,
at the home Office, 101 Indiana avenue
northwest, Secretary j. P. Yort of the
association, announced yesterday. At
this meeting election of directors to
serve for the coming three years will be
held and other business transacted
In announcing the meeting, Secretary
Yort states that payments made to
benehciaries or to insured this fiscal
year amount to more than $4,130,000,
which brings the total for the eight
years since 1922, when the association
was changed to an old-line company
above $l4,500,000. In addition, Acacia
has paid its insured as dividends during
these eight years nearly $5,500.000.
Assets, held for the protection of all
members, amount now to $50, 465,l06.
Dividend Changes in January.
Favorable dividend changes in jan
uary-that is, increases, assumptions,
extras, initials and stock-numbered
2o3, against 157 decreased and passed,
according to the Standard Statistics
Co. Dividend changes in January of
the past three years follow: