Evening star., 1942-12-01
1870
Saul Company so Years Old

november l47 272, ,3A 148 ,004 O88
Saul Company so Years Old.
Fifty years ago today. December
l, 1892, the late B. F. Saul estab-
lished a modest real estate Office
on Eleventh street between E and
streets NV. Today the officers
of the B. F. Saul Co. are quietly
observing the 50th anniversary of
the constantly-growing business. 1t
has been necessary to move to
larger quarters many times, al
though storm of cyclonic propor-
tions in July, 1918. forced the COM
pany to abandon it's Offices at Sew
enth and l. streets NV.
The compay incorporated under
its present name in 1903, and the
scope Of business enlarged to in
come property management. liabil-
ity and fire insurance and first
mortgage financing. In 1920 the
firm built new home at 1412 I
street NV, which it soon outgreW,
the concern erecting the present
headquarters at 925 Fifteenth street
NV. in 1925. Mr.. Saul, the founder,
who died in 1881. had much to do
with the pioneering of early large
scale subdivisions, such as Sauls
Addition and North Cleveland Park.
The present officers. who have
been associated with the company
for many years, include John Saul,
chairman, Executive Committee: J.
Wrlley Jacobs, president; Andrew
Saul, executive vice president Jo-
seph B. Bowling, vice president;
Frank Bell, vice president; William
P. Benson, vice president and con-
troller; Raymond M Hooker as
sistant vice president; Earl D.
Thompson, treasurer, and Harvey
L. Humphrey. secretary.
The company has contributed in
no small way to the war effort, l8
of its officers and employees being
now in the military services of the
country, MeSsrs. John and Andrew
SAUL sons of the founder, among
them.
c. & P. Phone Net Climbs.
Net income of the Chesapeake &c
Potomac Telephone Co. in October
reached s2894l8. a sharp increase Of
Sl65,604 over the total of S123814
for october year ago. according to
the statement filed with the Public
Utilities Commission today.
For the 10 months ending with
October net income amounted to
S1,2l1 ,582, against S1.271,s27 a year
ago. decrease of $60,345, the report
disclosed.
October operating revenues totaled
S2,O28,l84, against $1,409,O37 last
year; operating expenses amounted
TO ,4l7,366, compared with S1.O74.-
5l5; and taxes required 1921 ,429
against S122,008. Interest deductions
took S33,804 against S84,611 a wear
ago.
There were 354,662 telephones in
service at the end of October which
was an increase of 1860 telephones
over the previous month. Telephone
users made 43,5O5,OOO calls during
the month. or 2,485 900 more than in
October, 1941.
Bond Drive Gets Fine Start
washington gave the Treasurv,s
$4,000, ,0000 900 bond sale drive a f1ne
start, the largest purchase in the
Capital being made by the Acacia
MUTUAL Life Insurance Co.. which
took s2,5o0y00O Victory 215s, Chair
man Winslow B. Vandevander said
tooay. Some of the banks NAV have
taken larger amounts for their ar
counts, he added, which have NOT
yet been reported.
some of the unions which hava
headuarters in the Capital and large
sums in their treasures are giving
tile campaign fine support, the
chairman said, definite figures being
expected soon. 80
Many large layers already hava
signlt1ed their plans for taking large
olocKs OF bonds and the COMMITTEES
now Is taking steps to reach small
investors. Purchases in large sums
by this class of buyers will be re-
qulred to make the drive a eonnleta
success. Mr.. Vandevanter said. Re-
ports from the rest of the country
are equally encouraging, he added.
Today's Trading on Exchange.
Today's trading on the Washing.
ton Stock Exchange was very quiet
after yesterdays bull market. when
more than 900 shares of stock
changed hands at strong prices.
Washington Gas Light $3.50 pre-
ferred stock moved in two trans
actions at 80, of fractionally from
the last previous sale.
Three issues have been added to
the ex-dividend list-Mergenthaler
Linotype and Lincoln Service com.
mon and Z per cent preferred. Reg.
ular dividends were paid TODAY on
Potomac Electric Power and uIa