Evening star. [volume] (Washington, D.C.) 1854-1972, 1932-01-18
WASHINGTON NINTH
IN NEW BUILDING
Report of SIT Cities CON-
piIed-Capital Drops Be-
hind Previous Marks.
BY EDWARD c. STONE.


permits for December. 1881, to S. w
Straus d. Co.. Washington ranked
ninth. with a total of 1925, 1885, a de-
cline from 81 .386,l25 in December, 1880
and from Sl.197,5 $40 in November, 1881.
For December, 1881, New York had
the greatest volume of building permits,
with a total of Sl2,708.298. Los Angeles
was second, with $780, 63, and Chi
cago third with S2,5l8,45O. Baltimore
was twelfth in the list, with 1901 500,
and Greensboro, N. c., was fourteenth,
with S642.3l4.
Total building permits reported for
December by SIT cities and towns was
S55,27el57, a decline Of 578 per cent
from the figures for December, 1880,
and l72 per cent from November. 1881,
instead of the normal seasonal eX-
pected increase Of SIS per cent.
Perpetual Re-eIects Officers.
A net increase of l34 per cent in itX
subscribed capital is shown by the Pru-
dental Building Association for 1881,
according to its annual report filed to-
day with the United States Treasury.
The total subscribed capital Of the as
sociation, which is approximately three
years old as of December 81, 1881, was
S2Sl030O
Directors Of the association, elected
for 1882, are John B. Colpoys, Hugh
Reid, T Howard Duckett, Harvey L.
Cobb, Thomas E. Hampton, Curtis
Walker. Luther c.. Steward and Thomas
D. Lewis. Officers, reelected for the
ensuing year, are Luther c. Steward,
president: Curtis Walker, vice presi-
dent; E. J. Carlson, secretary-treaSurer,
and Harvey L. Cobb general counsel.
Agents Report Fine Year.
The annual luncheon of the District
OF Columbia Agency of the MaSsachu-
sets Mutual Life Insurance Co. was
held Saturday at the Lee House, with
80 in attendance.
The occasion was unusual in that 1t
celebrated the fact that the agency
increased its business in 1881 over that
of 1880 by IS per cent, with an increase
of 90 per cent il premium income.
The outstanding achievement of Leo
pold V. Freudberg in paying for more
than a million dollars Of insurance was
especially commented on. Dan j. Har-
rison was second in the agency while
Miss May Belle Raymond made an out
standing record of over S25O,OOO In
paid for insurance.
Buying Biggest Present Need.
Contendmg that intelligent buying
is what is needed to stimulate business,
Henry H. Hermann, executive manager
OF the National Association Of Credit
Men endorsed National Thrift week, as
worthy Of the attention of his aSsocia-
tons $4,000 member credit executives
and the country at large, in special
announcement TO the membership on
this subject.
since the inception Of this move
ment IS years ago, National Thrift
week has had increasing sponsorship
from the prominent trade and social
organizations of the country. Because
it promotes the wise spending OF the
consumer dollar. 1t is Of utmost inter
est 70 all phases of business.
THE emphasis Of National Thrift
week this year will be on the eXcep-
tional opportunity afforded through in
telligent buying. both of commodities
and investment securities, and the OPP
portunities presented to profit through
the adoption Of a sound personal imam
cial program. This is a very worthy
move. and 1 commend to our members,
as we'll as TO every citizen, the promo
ton Of this National Thrift week
Cooper Death Shocks District.
Washington fnancisrs were only a
small fraction of the people who we're
deeply shocked over announcement OF
the death Of William Knowles Cooper,
due chiefly to high blood pressure. While
he had not been connected directly
with the local financial district for
a very long period, yet no man was
more admired for his sterling qualities:
He had an unusually wide circle OF
friends who recognized and drew upon
his remarkable fund of information on
almost any subject. He was an eX-
ceptional speaker and his extensive
travels abroad made him especially
iamiliar with foreign conditions.
For many years he had been most
valued director in the Federal-Ameri-
can National Bank & Trust Co. Upon
giving up his duties as head of the local
Y M G. A., he entered the financial
district and became a partner in Crane,
Paris g. Co. His short career in
finance included the most hectic period
in Americas business and investment
history. His passing leaves a place
in the banking district which will not
soon be filled.
50,000,O 900 Treasury Bill Issue.
The Treasury announces offering Of
$50, 900 900 of 93-day Treasury bills to
be sold on a bank discount basis to the
highest bidder Bills will be dated Jan
uary Is and mature April 81. Tenders
will be received at the Federal Reserve
Banks or branches up TO 2 pm. Janu-
airy II. NE pIUGC6uo VI J4lC 4SouC " 4AA
be used for the retirement Of S5l $685.
900 Of bills maturing January Is.
Trading Confined TO Bonds.
Trading on the first business day OF
the week on the Washington Stock EX-
change was wholly confined TO bonds
The first sale was $500 Washington Gas
Light IS, series B. at 1885,. Washing
ton Gas 6s, series A, figured in two
81 600 sales at 1904, and Chevy Chase
Club 5las also sold above par, $1,000
changing hands at 1904.
Financial District Notes.
The Midwinter open meeting Of the
District Bankers Association takes
place tonight at the Willard, beginning
at 8 o'clock.
The annual meeting Of the StockhOld-
ers OF the National Savings 6; Trust
Co. takes place at 4 o'clock this after
noon. The American Security g. Trust
Co. and the Munsey Trust Co. are due
tomorrow.
paul Mellon, son Of Secretary of The
Treasury Mellon. has been elected z
director Of the First National Bank anc
Union Trust Co., both of Donora, Pa
These institutions are affiliated with
the Mellbsnk Corporation.
The New Amsterdam Casualty Co
has declared the regular quarterly dlyi
derid OF so cents, payable February l II
stock Of record January p.
BOURSE STATEMENT.
PARIS, January 10 CPl.-Three pc
ina