Evening star., 1936-02-06


Other additions and better
mentS 2o,5UU
Total 1927 100
The summary of the past and future
expenditures figures up to the above
mentioned S7788,l00 1t will be re-
called that the 1885 annual report
showed net earnings of 1888, ,4l7.39
against 1915, ,1O627 in 1884, a drop of
S569, $3.50 or so per cent, extra cost
of operatings being assigned as the
cause The above statement gives the
best picture possible of just where the
money is going.
Recent Growth Reported.
In November. 1888, the two old
companies we're operating with 487
street cars and 152 busses on the
streets, a total of 639 vehicles. Capt.
tai Transit is now using 573 street
cars and 335 busses each weekday
a total of 908 vehicles.
At the time the two companies were
merged the average fare paid by
street car and bus riders was 7.8 cents.
With the use of the weekly pass it is
now sos cents.
In the first week of weekly pass
sales December 3, 1889 $4,000 were
purchased by Washingtonians. Now
pass sales in the District of Columbia
are close to 10000 a week and have
exceeded that number.
Passes are used, on the average. 80
times each week, as shown by careful
counts. This means the owner of a
81 pass is riding for 3la cents trip;
the owner of a SIPS pass for 4 cents.
Capital Transit has now $500 en-
ployes, about 2,100 are on the street
cars and busses It's pay roll is over
$5,500,O00 year, the largest in Wash
ington outside the Government. both
In number and amount. the company
says.
National Refinance Officers.
All directors of the National Re-
finance Corp. were reelected at the
annual meeting held yesterday in the
home Office in the Shoreham building.
Election of officers followed, Lewis l..
Clarke of New York being named
chairman Of the board; F. S. Dudley,
Washington, president; John r. Wal
Ter, Washington, executive vice presi-
dent; Samuel c. Redmon, Washington,
treasurer. and w. M. Balderson, also
Of this city, secretary.
The president. Mr.. Dudley, reported
that tho I,y,cuyiy,T io6,1cfy.1y u-t,irb ic
quite general has called for long term
financing in many instances, which
is being arranged through Federal
Reserve Banks and through private
capital.
Hamilton Pays First Dividend.
The Hamilton National Bank has
Just paid its first dividend of 21a per
cent. or so cents per share, on the
$4,000 shares. par value $40, of the
banks capital stock. The directors
voted the dividend at the end of
January for disbursement on February
! to shareholders of record on January
%. The payment has now been made
by check to 1900 stockholders.
The Hamilton National came into
existence as result of the meager
of the old District National, Federal
American National, Potomac Savings
Bank, Northeast Savings Bank, Wood
ridge-Langdon Savings & Commercial,
Washington Savings Bank an d
Seventh Street Savings Bank. A large
percentage of the depositors in these
seven banks took stock In the new
bank, giving the institution an IN
usually large number of shareholders
when it opened for business in Sep
tember, 1888.
Northwestern Has Fine Year.
Substantial increases in assets and
IN new insurance paid for are shown
in the 1885 annual report of the
Northwestern Mutual Life Insurance
Co., according to word received here
by A. L. Baldwin, general agent for
the District of Columbia and nearby
counties of Maryland and Virginia.
Admitted assets reached an all-time
high of s1,071 ,991 ,955, an increase of
So per cent over 1884. New insurance,
including annuities, amounted to
S274,236,856, an increase of nearly Is
per cent. Total insurance IN force
amounted to $3,705, ,020,135, slight
increase over the previous year.
A decrease in the rate of acquisi-
ton of farms through foreclosure re-
fleets the continued agricultural in
provement. The net increase in farms
owned in 1885 was l46, as compared
with 0 net increase Of 469 In 1884.