Evening star., 1933-04-07

capital, 100000 -
surplus and on the Francis G. Addison.
date. of the con-
troller's last call, December 81, 1882,
carried total deposits Of $5,311, 1861.
For a short time after its organiza-
ton, the bank was located on Ninth
street just above its present home. The
times. including the erection some years
ago of an addition on G street which
practically doubled the Office space.
President Addison is former presi-
dent of the District Bankers Associa-
tion, and is now chairman OF that or
ganiZation's committee on Law and
Legislation. The other officers have
also been active in association affairs.
Vice President Fred Mckee was active
in the opening of the bank 20 years
ago, as Of course was Chairman Peyser
who for many years was the executive
head of the institution. The present
officers include:
Julius I. Peyser, chairman of the
board: Francis G. Addison, jr., presi-
dent; Fred Mckee, vice president; Sam
uel r. Baulsir, cashier; T.. Hunton
Leith, assistant cashier; Latrobe Owen,
assistant cashier; j. Louis Shipley,
assistant cashier, and Charles K. West,
branch manager.
The directors are Francis G. Addi-
son, jr.; Edward G. Baltz Dion S.
Birney Francis A. Blundon, Diller F.
Croft, Benjamin H. Gruver, John B.
Harrell, George E. Judd, Fred Mckee,
Julius I. Peyser, Stacy M. Reed, Morris
Simon, William W.; Spalding, Milton
Strasburger, and William C. Sullivan.
Bell System Expands Abroad.
The annual report for 1882 of the
board of directors Of the American
Telephone g. Telegraph Co. is an in
teresting document, even though the
progress recorded is not as great as
in some previous years.
On December 81, 1882, there were
1850, 900 telephones interconnected in
the United States, and in addition, due
in large part to transoceanic RADIO
telephony, these were connected with
some 13,200,000 telephones outside the
United States. About 90 per cent OF
the 33,400,000 telephones in the world
are now intereonnected, and all coun-
tries with more than 100000 telephones
except New Zealand, Japan, China and
Russia can be reached by telephone
from any part of the United States.
During 1892 overseas telephone serv-
ice was extended to the principal cities
of the Union of South Africa, to Bang
kok in the Kingdom of Siam, to the
Balearic Island in the Mediterranean,
to the principal cities in Egypt, to the
Republic of Peru and to the city OF
Lisbon in Portugal. In addition,
through new stations near Miami, Fla,
radiotelephone service was extended to
Colombia, Venezuela, and to Nassau
In the Bahama Islands.
Chain Store Sales Reported.
Sales of F. w. Woolworth Co. for
March totaled $17,510,663, against $2l,-
256,057 In March, 1882, decrease of
$3,745,394, or II per cent. For the
first three months of the present year
sales amounted to $49, 800, ,341, COM
pared with $50, ,041 1927 in the like period
In 1882, a decrease of So, 8,440, 1856, or IA
per cent. Sales in February showed
a decrease of 1875 per cent, compared
with the same month of the preceding
year
Sales of the G. C. Murphy Co. chain
stores for March totaled $1,313,762, in
comparison with $1,430,30l, a decrease
for the month, compared with last
year, Of s116,539 or 81 per cent. Three
month sales so far this year totaled
the same period in 1882, a decrease
of s96,l70, or 26 per cent. Sales in
February showed an increase of 13 per
cent as compared with the same month
In the preceding year.
S. S. Kresge Co. chain stores report
March sales of S8,491 ,512, against s10,-
383, ,401 in March, 1882. decrease of
81 ,891 ,889, or 1872 per cent. Sales for
the first three months of 1888 totaled
$24,251,7 ,769, compared with S28, ,309,010
in the like 1882 period, decrease of
$4,057,241 or 14.3 per cent. At the
end of March the company had 718
stores in operation. three more than at
the same time year ago.
Public Accountants Plan Dinner.
The Spring dinner and business meet
ing of the District of Columbia Insti-
tute of Certified Public Accountants will
be held on the evening of April IL at
the Racquet Club, according to re-
cent announcement made by Goodwin
P. Graham, secretary of the local in
stitute.
Electric output of North American
Co. subsidiaries during the first quarter
of 1898 showed a decrease of 8a per
cent from the first quarter of 1882 after
adjustment for the extra day due to
leap year, according to Frank L. Dame,
president of the North American Co.
maintenance of approximately the same
relative Improvement shown in the
fourth quarter of 1882, when the per-
centage decrease was 8l4 per cent, as
compared with II per cent and l4i2
per cent, respectively, for the second
and third quarters of last year.
On the Washington Stock Exchange
today the first transaction was the sale
of $500 Capital Traction IS at 40,
Washington Gas Light SIS, 1860. inquired
in a $1,000 turnover at l04 and $500
Washington Railway g. Electric As
came out at 833a.
In the stock division trading was
quiet, few shares of Potomac Elec-
trio Power 5l2 per cent preferred NOV
ing at lot and 10 shares of Washing
ton Railway g. Electric preferred
changing hands at 80.
The unlisted department bonds were
given their usual Friday attention, but
very few changes were noted in quota
tions. The bid on Washington. Sub
urban SIS was raised a half point tc
5212, while the asked price is now 54
In the regular list the asked price on
Mergenthaler Linotype was advanced
substantially to 80 today.
Columbia Gas Dividends Voted.
Columbia Gas & Electric Corpora
ton, which furnishes natural gas tt
the Washington Gas Light Co., has
declared a quarterly dividend Of q
cents in per cent convertible pref
erence stock on the common stock
Previously the corporation paid Is cent!
in per cent preference stock.
The regular quarterly dividends D
sl.25 each on the S per cent convertible
preferred and $3.50 on the per CEN
cumulative preferred A stock also wer'
declared. All dividends are payable MAJ
IS to stock of record April 20.
At meeting of about 100 depositor
In the Park Savings Bank last night 6
Protective Committee was named b
consult with the conservator and law
yeEs to see how they may better protec
thsE claims. h