Evening star. [volume] (Washington, D.C.) 1854-1972, 1939-08-14
Capital Transit Co.
Has Il New Cars
Ready for Service
Replacement Program
For Rolling Stock to Be
Completed This Week

Capital Transit Co. this week will
complete a four-year program of
rolling stock replacement, by which
1t will have added 152 new street
cars to the system.
At a cost of about $1,000 each,
these new cars are being added
gradually to the tracks, with the
last of the final shipment of 81
cars expected to roll within few
days.
The program of replacement be-
gan about four years ago when the
first new streamline cars were
placed on the Friendship Heights
line, running to Seventeenth street
and Pennsylvania avenue Sc. AT
the start, 20 were placed in serv-
Ice.
Next followed As new cars of a
slightly different type, to be placed
on the Fourteenth street carline,
and so more which went on the
Mount Pleasant route.
The next group of Is, some of
which are undergoing tests on the
Rhode Island avenue, Potomac
Park line, are now being used prin-
cipally in rush hours.
Final Shipment Arrives.
The final shipment of 81 cars,
which completes the company's gen.
eral program of car purchase, has
arrived. They are being tested and
tried out on the line to which they
will be assigned, the Georgia ave-
nue. line, between Eastern avenue
and the Seventh Street Wharves. A
tleW street car terminal loop is
being constructed at the Eastern
avenue terminus near Georgia ave-
hue.
The new type of car is the So
called Presidents Conference Com
rnittee car, of a design which grew
out of conference of railWaymen
from the American Transit AsSocia-
ton. The car is fast and quiet, to
be operated by one man.
Banks Grant Loans.
The cars have been bought
through a plan by which the tram
sit company has paid Is per cent
of the cost in cash on delivery, and
has borrowed the remaining IS per
cent from Washington banks. Near
ly all banks in the city participated
in this loan program, developed
through Y. E. Booker & Co., which
has proved satisfactory to both the
company and the banking institu-
tons. The loans were advanced
under chattel-trust agreements, in
which the equipment was pledged
to secure the notes. The securities
bear per cent interest, and are
being curtailed at the rate of 10
per cent each six months. or 20 per
cent annually, thus paying off the
obligation in five years.
Since the merger of the transit
lines here the new company has
spent more than S12,000,000 in re-
facilitating its property, including
rerouting tracks. shops. garages. new
cars and new busses. improving not
only the property, but the service
to the public.
A. I. B. Posts Filled
Two associate chief consuls and
members of the Board of Consuls
of the Washington Chapter, Amer
lean Institute of Banking, have been
selected by Kenneth Birgfeld of the
American Security & Trust Co., who
was recently elected chief consul of
the chapter
Neal Wells, National Savings &
Trust Co., and Lloyd Carey, Wash
ington Loan & Trust Co., have been
elected associate chief consuls. Mr..
Wells and Mr.. Carey have been &C
tive in the chapter for a number of
years
Mr. Birgfeld is a native of Wash
ington, having graduated from Nc
Kinley High School and National
University Law School He is also a
graduate of the American Institute
of Banking and has been active in
Washington Chapter for over IL
years, during which time he served
twice as associate chief consul has
been chairman of the Athletic Com
mittee, Publicity Committee, and
served as a member of practically
every other committee.
Consuls Are Listed.
The following have been selected
as consuls: Daniel j. Murphy, Amer
lean Security & Trust Co., main
office; Gilbert Murphy, American Sc
curity & Trust Co., branches; Carl
A. Steele, Anacostia Bank; H. Paul
Mount, Arlington Trust Co.: Earle
D. Miller, Bank of Bethesda; Fred
erlck Loops, Bank of Commerce &
Savings, main Office George L. C.
o,oly Of o..
ings, North Capitol street branch;
William F. Russ City Bank, Georgia
avenue and Connecticut avenue
branches; Horace Williams. City
Bank, Pennsylvania avenue branch
and main office; Edward c. Cox,
Columbia National Bank; C. Mil
ford Cowling, jr.. First National
Bank of Alexandria; Neill Raab,
Hamilton National Bank, main
office; Kenneth o. Hulse. Hamilton
National Bank, branches; Frank NC
Geary, w. B. Hibbs & Co.; Wales H.
Jack, Liberty National Bank; George
Galleher, Lincoln National Bank,
main Office; Samuel Redman, jr.,
Lincoln National Bank, Seventeenth
and H street branch; Wilfred R.
Dagan, McLachlen Banking Corp;
Joe Carpenter, Morris Plan Bank;
George Griesbauer, Munsey Trust
Co.; James D. Coleman, National
Bank of Washington; c. E. Brown
ing, jr,, National Metropolitan Bank;
Robert Christie. National Savings &
Trust Co.; Thomas F. Rosewag,
Prince Georges Bank, Hyattsville,
Md: William Howard Smith and
Jack R. Cocker, Riggs National
Bank, main office; Addison B. Cliff
ford, Riggs National Bank, Seventh
street branch; Robert c. Shipley,
Riggs National Bank, Park road
branch; Harry Chenoweth, Second
National Bank, Seventh street
branch; MacKendall Allen, Second
National Bank, G street branch;
Vernon Hill, Security Savings &
Commercial Bank; Staten P. Alden,
Suburban National Rank Silver