Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-03-26


dered. For several years tax specialists
have been assigned to the banks here,
and their clients have consequently
come to depend on the service in the
final rush in the drawing up Of their
tax returns. Customers go to the banks,
where many Of their securities are kept
and where they have complete records
in their safe deposit boxes or on the
banks books, so that it Is far more con-
venient to consult the tax men there
than at the internal revenue office.
Last year 90 tax agents were assigned
70 local banks. This year The number
was reduced, and their time of service
also reduced, on account Of pressure OF
work in the Internal Revenue Bureau.
Bank oficials made the point that they
had assumed the same service this year
as in previous years, and did not nave
suficient time to train men to do the
work in the place of the revenue agents:
Following this plea, men were assigned
to the larger financial institutions. The
figures prove how much they were
Needed.
Mabel Royce Club President.
Mabel v. Royce of the Washington
Loan & Trust Co. was reelected presi-
dent of Bank Women's Club of WASH
ington, at the annual meeting held last
evening. The club has had q very
prosperous and active year. All the
other oflcers were also returned to Of
fee, those elected, in addition to Miss
Royce, being:
vice president. Miss Judith VI. Fish
burn, Chase Securities Corporation; re-
cording secretary, Miss Eleanor Dank,
rnyer, security Savings 81 Commercial
Hank: corresponding secretary. Miss
Mary Craven, District National: treas
urer. Miss Eleanor Watkins, FIRST Ma
tional Of Alexandria, Va; historian,
Miss Rose L. Royce, Washington Loan
& Trust Co.
Members of the Board of Governors
are Miss Mary j. Winfree, Commercial
National; Miss Louise NJ. Mitchell, for
merly Of the Federal American Ma
tional; Miss Harriet Barrett, Riggs Ma
tional; Miss Virginia Marks, Glover 81
Father, and Mrs. Laila M. Sloat, Ma
tional Metropolitan.
C. q p. Phone Net Up $4O,716.
Balance net income Of the Chesa-
peaks g. Potomac Telephone Co. for
February amounted to $l2e, TAG. which
was an increase Of s40,7l6 over the
same month last year the report OF OPP
erations just filed with the Public Util-
tiles Commission OF the District Of Co
lumbia shows. Balance net income for
the two months ending February %
amounted to $685., 1872, as compared with
e199,696 for the same period In 1880.
Telephone operating revenues in Feb
rIlary amounted to $736,33l, with oper-
ating expenses of $513,459. After de-
Quoting taxes and uncollectible, the to-
tai operating income for the month was
$l65,0e3.
Operating revenues for the first two
months Of the year were 81 ,497, $50, with
expenses of $1,043, 480. After deducting
taxes and uncollectible, the total oper-
ating income for this period was $751;
6S9.
Taxes during February were $53,066,
which was an increase of $9.537 over
the same month last year. Taxes for
the first two months of this year
amounted to $106e62, an increase of
$l5,507 over the same period in 1880.
Capital expenditures for new plant
and equipment added to the cumpany'g
system in the District of Columbia dur
ing the two months ending February %
amounted TO $685., 497. On February %
Washington was served by 170.0S8 tele-
phones, 1903 having been added to the
system since January /.
Traction Leads Local Market.
Capital Traction led trading on the
Washington Stock Exchange today in
volume Ct sales. Selling ex-dividend,
the stock opened at 55ss for 10 shares.
Eight more transactions then took
place, totaling $50 shares at 353z.
Columbia Sand and Gravel preferred
sold OF little during the session. The
stock opened at "a and closed at e21z,
the last sale, however, involving but a
single share.
Riggs National Bank stock appeared
on the board today, five shares selling
at AS. Railway and Electric pre-
ferred sold at 90 and Potomac Electric
Power per cent preferred at 112Iz.
Bond trading was confined to Wash
ington Gas IS and Gas 6s, series A.,
around recent levels. Five local bank
stocks are now being quoted ex divi-
dend.
Treasury Covering Loan Needs.
The Treasury Department has taken
the first step to meet the demand for
5000, o00, 900 by the Veterans Bureau for
loans on bonus certificates by calling
for tender Of sioo, 900 900 in SO-day
bills In two series.
of the issue $50 900 900 will be dated
April 2 and mature July ! and the re-
main ng 100000 will be dated April
3 Fri maturing July O.
10 issue is entirely for veterans
loan purposes as the Treasury has no
other immediate need for funds as next
600 900 in bills become due.
The $100,000.000 now sought for bills
will cover only half the requirements
estimated TO be needed by the Veterans
Bureau before April IL, and expecta-
tons are that a further issue will be
made by that date.
The bills are sold on a discount basis
TO the highest bidder, from which the
determination Of interest is made.
Cleaned in Financial District.
The Anacostia Bank yesterday de-
clared the regular 5 per cent quarterly
dividend payable March 81 TO stock
holders of record March 26
Charles w. Clayton, president of the
Adjustment Bureau Of the Washington
Credit Mems Association, in his annual
report, states that the corporation has
total capital stock OF $1,000, Of which
e2,140 has been paid in. There are
no debts.
Aubrey O.. DooIey, assistant trust
Ofncer Of the Federal-American Ma
tional Bank e. Trust Co., won the pub
lie speaking contest at the Institute OF
Banking last night and thereby cap
lures the silver trophy donated by
wilmer j. Waller. He will represent
washington Chapter in several out-of-
w. b. Hibbs. founder Of the House
Of Fztbbs, who has been on an extended
trip TO California, will reach home next
week.
Joshua Evans. IT,. president Of the
District National Bank, Is another local
mi Scier TO visit Florida during the
present resort season.
O. Bowie Chapman, partner ~ Har-
ximan q Co. has reached Naples on
80 fasEns "a A2,a Afaastnraz,f1a