Evening star., 1934-03-27

Deductions from gross amounted to
S2,O48.46. compared with s2,653.44
year ago, a reduction of S804.98. leaV-
ing a net deficit for the month of
S1,36628, against a deHcit of S5,388.63
last year. but at the same time show
ing an improvement Of S4,022.35.
For the first two months of 1884
the Rapid Transit Co. reported to the
Public Utilities Commission an oper-
ating income of S2,9720 04, against
deficit in February, 1888, Of S6,0l927
or gain during the four weeks of
S8,9913l. Gross showed practically
the same improvement.
Deductions from gross absorbed
S4,46880, compared with S5,8609l a
year ago, making saving of 1892 II.
Net for the two months was in the
red only s1,35810, against a deficit
of S11,711,54 year ago, presenting a
betterment of S10,35844.
Lincoln Bank Al Years Old.
Floyd G.. Davis, president of the
Lincoln National Bank, and his asso-
ciates are receiving congratulations on
the banks reaching its forty-fourth
anniversary.
The institution. with its main office
located at Seventh and D streets, was
Incorporated on March 25 1890, and
has enjoyed sound business growth
ever since that time. On the call OF
March S. sent out by the controller
last Friday, the Lincoln National re-
ported total deposits of S6,700,27117.
Mr.. Davis has been at the head OF
inc
The other officials of the bank in
clude: Albert S. Galley. executive vice
president; James A Soper vice presl-
dent; H. T. Offterdineer, vice presi-
dent; George Francis Williams. gen.
eral counsel and trust officer; j. Frank
Rice Robert E. Lee. Richard A. Norris,
D. Hammond Wetzel and Floyd S.
Davis. assistant cashiers, and William
NJ. Harris, auditor.
The Lincoln National has one
branch which is located at Seventh
and H streets northwest.
Bank Women Elect Officers.
Members of the Washington Bank
Womens Club held their annual cleo
ton of officers last evening following
a dinner at the Wonen's City CLUB.
Mrs. Judith NJ. Fishburn. the retiring
president, was succeeded in Office by
Miss Alice H. Whitton Of the First
National Bank, Alexandria.
Miss Eleanor Dankmeycr Of the Sc
curity Savings & Commercial Bank
was elected vice president and Miss
Etheline Parker, also of the Security
Savings g. Commercial, was chosen
treasurer
Miss Vivian E. Stokes, Hamilton
National, was selected recording sec
retary. while Miss Gertrude Wick CT
the Liberty National was honortd
with the position as corresponding
secretary. Miss Mary Craven of the
Hamilton National Bank vas chosen
historian
Elected to the Board Of Governors
we're Mrs Fishburn. with Edie-Da-
wilson, Inc: Mildred c. Woodcock.
American Security & Trust Co: Lois
A. White, Hamilton National, and the
clubs first president; Katherine Nc
Calmont, W. B. Hibbs G. Co., and
Helen v. Reed of Burke & Herbert,
Alexandria, Va.
Acacia Leaders at Farley.
A delegation of home Office officials
Of the Acacia Mutual Life Insurance
Co, including President Montgomery,
IS attending tWo-day regional ses-
sion of agents and branch managers
in New York. Other home office eX-
ecutiveS at the meeting include:
j. P. Yort, vice president; Ben A.
Harlan, executive secretary; George
Link, assistant secretary; Mrs. L. M
Suit, assistant branch auditor; Burt
Ianghenry and D. S. Lafitte. Agents
of the District of Columbia branch
attending include ]. B. Allison. J. A.
Barbeau, w. B. Crossan, w. c. Dan
iel, j. A. Ford, H R. Hardisty. w. C.
James. H. j. Kamerow, G. E. King.
W. j. McCausland, L. G. Morris. F. B.
Rogers, P. L. Rogers, G, S. Schroeder
j. H. Sponsler and r. w. Smith.
Among those taking part in a radio
Acacia medical director; DR.. Charles
NJ. Beal. DR.. r. Hutchinson and F.
j, Halliday.
Investment Code Signed.
1.-THE importance of developing a
capital market in connection with
the recovery program cannot be over
emphasized" Gen. johnson stated
upon signing by President Roosevelt
Of the trade practice supplement to
the investment bankers code
In approving the provisions, the
President in an executive order Sll-
thorized the N. r. A. administrator
further to modify or amend the code
when such notifications become
necessary to meet unforeseen con-
tingencies or to afford prompt re-
lief for any hardship which may have
been inadvertently imposed" by the
provisions approved.
The code amendments were charac-
terized as designed to greatly assist
in restoring the markets for both
public and private investment FUNDS
and to result in an increased flow
of investment capital into sound, pro-
ductive enterprises, which vii, un-
questionably increase employment and
distribute added wealth among our
people"
Busy Day on ID. c. Exchange.
Trading was active in both stocks
and bonds on the Washington Stock
Exchange today. Prices remained
about as they stood at the close of the
market yesterday
Teeth" brought traders and in
vestors to the local broker Offices
at the opening of the New York
market today. There was plenty OF
interest from the second the gong
sounded.
The Department of Commerce re-
ports that February automobile sales
showed an increase of SO per cent
over the same month in 1888, and a
rise OF % per cent over February,
1882.
Senator Glass of Virginia is pre-
pairing bill to provide for direct
loans to industry by Federal Reserve
banks as substitute for proposals to
establish u intermediate industrial
credit banks for such purposes.