Evening star., 1938-10-29

The power COM s;.. r.u,,.
pany also filed
report covering the first nine months
of this year which gave total operating
revenues as sll l.20985l0 08, an increase
over the like 1887 period of 1884,
O473O.
Operating revenue deductions re-
duired S7,133 3l8l56, substantial in
crease of $583.065le. The statement
revealed gross income in the nine
months amounting to $4078,894.09, off
$3820l365 from last year.
After all deductions, including in
tarest payments on bonds and stocks.
net income for the nine months totaled
81 223 ,093.24, decrease of $48l.-
k7236. or l3 per cent from the cor
responding months in 1897, the report
said Details in the report show that
extensions and improvements all over
the Capital have been an important
factor in the higher expense figures.
Taliaferro Heads Committee.
Sidney F. Taliaferro vice president
and trust officer of the Riggs National
Bank. is chairman of the committee
Of Washington bankers which has
made all the arrangements for trust
research week, to be held in this city
November to 9. Plans for the pro-
gram have just been announced
through the f1duciaries' section of the
District Bankers Association. The
other members Of the cooperating
committee are:
Harold A. Kertz, secretary, assistant
trust officer, National Metropolitan
Bank: Bernard L. Amiss, assistant
trust oficer, Washington Loan & Trust
Co.: Bruce Baird, vice president and
trust officer. National Savings & Trust
Co.; ]. Wesley Clampitt, jr.. assistant
secretary and assistant trust officer,
Union Trust Co.: Henry K. Dierkoph,
assistant trust officer. Riggs National;
Aubrey o. Dooley. assistant trust Off
Ger. Hamilton National; Joseph r.
FltZpa trick assistant cashier. Second
National, c. F. Jacobsen. cashier. Ma
tional Metropolitan; J. Eliot Moran,
assistant trust officer, American Sc
rurity & Trust Co., and c. D. Rat
chffe. vice president and treasurer,
Munsey Trust Co.
Gilbert T. Stephenson, who is to
conduct the conference, is one of the
best-knoWn bankers and trust experts
In the country. During the last week
he has been conducting similar con-
ference on the West Coast. He has
a personal friend of many District
bankers.
Institute Has Committee.
The part which Washington Chapter,
American Institute of Banking, will
play in trust week has been assigned
to a special committee. with Frank
M. Perley, trust investment officer,
American Security & Trust Co, as
chairman.
The other members include Robert
n, Lacey, Columbia National Bank;
Elchard A. Norris, Lincoln National;
j. Earle McGeary, w. B. Hibbs Il Co.;
Aubrey O. Dooley, Hamilton National,
and Joseph R. Fitzpatrick, Second Ma
tional.
Mr.. Perley announces that a ses-
sion, open to all students of the in
stitute, will be held on Monday, No.
vember 7, at 8 O'Clock at the Willard
Hotel, when Mr.. Stephenson will be
the speaker.
Wilson Elected Treasurer.
Robert Whitelaw Wilson, assistant
to the president, and formerly assist
ant treasurer of the Potomac Electric
Power Co., was elected to the post of
treasurer of the Potomac Electric
Power Co., Washington Railway &
Electric Co. and Braddock Light e.
Power Co. at the regular meeting of
the Board of Directors of these COM
panies on October 27.
Mr. Wilson is son of the late
Eugene S. Wilson, vice president of the
American Telephone e. Telegraph Co.
He is a graduate of Amherst College
and member of Psi Upsilon Frater-
nifty. He has been active in the affairs
of the Washington Board of Trade,
Junior Board of Commerce, the Com
munity Chest National Symphony
Orchestra Association, Civic Theater
and is member of the Gibson Island
cIuO, WHERE he IldS ldkcIl I'LL dCJlNe
part in Yachting circles.
Mr.. Wilson succeeds the late j.
Edward Tenly as treasurer of the
companies. He resides in Chevy
Chase.
Eliot H. Thomson of the Washing
ton Loan q Trust Co. and Robert L..
Flather, American Security & Trust
Co. left the Capital last night for Fort
Worth, Tex, to attend the annual con-
vention of the Financial Advertisers
Association. This years program COW
ers An unusually wide range of sub
jects Mr.. Thomson is member of
the Advisory Council.
Roderic Peters, regional sales man
ager of Servel with headquarters in
Washington. and L. E. Libby, district
sales manager, will attend the annual
sales convention at French Lick, Ind,
November to 5.
The Capital Transit Co. is expected
to make gain of well over 100000
in net earnings this year. Yesterday s
report showed net earnings in the first
nine months Of sl54.931.8 80, gain Of
$83. 3.06134 over the same 1887 period.
Washington Gas Net Improves.
The Washington Gas Light Co. re-
ported a September deficit of s45.l33
which. however, is S8.695 more favor
able than that for September. 1887
according to the monthly statement
filed with the Public Utilities Com
mission.
Net income for the first nine months
Of 1898 amounted to $3.50 ,88l, against
&45s,e59 in the like 1887 period, a
gain 20 far this year of $94.922.
The company reports gas sales Of
65l.294, or 42,253 more than that for
September year ago There were
149,3S4 meters in service on September
80, 1898, . gain Of 1896 over the same
date last year.