Evening star., 1938-12-23
Capital Transit Net
Continues 10 Show
Gain Over 1887
November Income Hits
S26,2l6, or $14, AT Ahead
Of Lost Year
BY EDWARD c. STONE.

Der, 1887, according to the monthly
statement filed with the Public Util-
tiles Commission today.
Operating revenues totaled $685.
40l.99, a gain of S48 8,80011 Operat-
ing expenses amounted to 1886 ,842 6S,
which was an increase of S3,66007
Taxes called for $90182 Is, while
depreciation totaled $105, ,161Ol, an
Increase over last year of $5 ,30880
This left a total income from
operations of 1882 1887, an in
crease of more than $4,000 for the
month. There was also an increase
in revenue passengers, the COM
pany's cars and buses carrying
13605, 1876, which was 343,231 more
than in November, 1887
In the first II months of this
year the Capital Transit Co. reported
a net income of S2l9 ,33999. a very
notable increase of Sl20.74792 over
the like period in 1887 and a gain
OF 46 per cent.
ID. c. Insurance Salss Mount.
Details from the Hartford report
IN November life insurance sales
disclose startling gains in this terri
tory recently. Washington sales hav-
ing come within 3 per cent of last
years record, new policies at the
came time totaling S5,505,000 for the
month.
Washington sales in the first II
months of this year amounted to
G53,032 900, but are still 2l per cent
i,,
The November record in the whole
country showed 3 per cent gain
over last year and total in new
tusines of S570648 ,000 United States
GALES in the II months were 18 per
rent under last year, although new
policies totaled S5460 100000
Virginia made a brilliant Novem-
her showing, total sales of S7763 900
running II per cent ahead of No
vember, 1887. In the first II months
Il this year new business reached
SH4,139 600, but was u per cent un-
Ger last year.
Maryland also made fine record,
e November gain of per cent in
volving S8242000 in new life policies.
IN the longer period, business
amounted to S79394O0O, down IA
per cent from 1887.
Industrial Bankers Feast.
Two hundred industrial bankers
from the District, Maryland, Vir-
glnia and West Virginia, affiliates of
Southeastern Industrial Bankers,
nc. of this city held their annual
banquet at Hotel Washington last
night. Many special guests were
president, including the Rev Dr.
James Shera Montgomery. South
Trimble and Frank Birgfeld.
Others at the speakers table in
eluded Clifton NJ. Eisele. president,
and Lewis Eisele, vice president, of
the Southeastern Industrial Bank
ers, Inc; Selden Ely, chairman of
The board, Washington Industrial
Loan Co.; Max Wolberg. sales man
ager, Southeastern Investment Co.;
Walter Green, president, HyattS-
yille's City Industrial Savings &
Loan Co.: Alfred L.. Bennett. gen.
eral counsel for Southeastern Indus
trial Bankers, Inc: Harry Donoghue,
president, Washington Industrial
Loan Co.. Andrew Coffman presi-
Gent, Hagerstown Industrial Saw
ings & Loan Co., and Omer T.
Kaylor, vice president of that COM
rany: William c. Kolb. president of
the Frederick Industrial Loan Co.,
fnd Daniel A. Thomas. chairman
OF the board of the HagerstoWn
company.
Other guests were Ray Deichler,
Larry DoWney, Comdr. c. c. Sleigh
ton, Harry Banker. Edward Hadley,
Louis c Barrett, Sidney Banks, j.
Is. Mallon, N. Irving Martin, Arthur
Booth, Harry Traynor, D. A. Ander-
son, George Moss and Thomas Kel-
Ter of the Moss Realty Co.; Roland
Robbins, Arnold B. Mckee, Newton
W. Parks and Dr. George c. Basil.
Sales Jump 279 Per Cent.
David S. Bethune, manager of the
EqultableS S Washington agency, re-
ports that 80 of the agency's 81
agents brought in new business on
loyalty day to a total of s428,915 on
81 applicants.
The 10 leading agents were V. F.
Bourne. j. S. Hambly, E. G. Outten,
Guy Wlthers, M. M. Watson, R. B.
Lanham, G. M. Terry, c. A. Cook,
j. A. Maphls and A. E. Sparks.
Mi. Bethune says the Washing
ton agency's new business for De-
cember to date is S2,742,838 on 449
applicants. December a year ago
On the same date showed S721 ,849
on 133 applicants, an increase this
year OF 279 per cent in insured dol
lars. The Companys sales for the
whole country on loyalty day to-
tailed S8l ,532,3 1888, the head office re-
ports, the best day in the firms
history
Evans Wrote Riggs History.
Joshua Evans, jr., vice president
OF the Hamilton National Bank, is
distributing among close friends "A
History of the Riggs National Bank"
which was written by his son. Joshua
Evans, 3d. when the young man was
student in George Washington
University studying American eco
nomic history. The history was
found by his professor at the uni
versity shortly after the boys tragic
death in 1887 as the result of an
automobile accident.
His father was connected with
the Riggs Bank for 80 years. Mr.
Evans says that the boy, when very
young, absorbed much of the glamour
of the banks history. The boy be-
came depositor No. l when Riggs
inaugurated its savings department.
While recovering from infantile
paralysis, by invitation. Josh sat in
the Riggs Bank stand and viewed
the inaugural parade of President
Roosevelt, whom he had come to
know at Warm Springs in 1882
Later Mr.. Fleming, president of
Riggs, made summer position
available to him.
Mr.. Evans cites these as some of
the reasons why his son chose the
Riggs Bank as the thesis subject.