Evening star., 1942-03-31

Karl Mann, pro-
fessor Of Eco Paul F. Douglass.
romics. American University; DR..
Egon Renshofen- -Wertheimer, pro-
fessor of International Law, Amer
ican University: DR.. Adolph Druck-
ier. teaching fellow in economics,
American University: DR.. Oscar
Zaglits. Department OF Agriculture,
and DR.. Roy Blough. director of tax
research. Treasury Department.
. The opinion was expressed that
the Government enormous supply
OF gold will again become some
Sort of world monetary standard
After the war Speakers discussed
war taxa ton from every angle and
the belief was voiced that the next
tax bill passed by Congress will be
quite different from the measure re-
nuested by the Treasury
4 Voluntary savings, forced savings.
price controls, the differences be-
tween lend-lease and agreements
which were made in the First World
War. were explained. while con-
siderable time was given to dis
cussion of a general sales tax. 1t
was stated that in Ohio the sales
tax has been such a brilliant sue
cess that the State has huge sur
plus and no outstanding debts.
The meeting was one of the
largest the accountants ever held.
President Simon w. Levitan was in
the chair and John M. Stoy was
chairman of the Program Commit
stee. IT. was announced that the
association has just bought $1,000
Defense bond.
Washington Gas Net Lower.
The monthly report of the Wash
ington Gas Light Co. for February,
1912, filed with the Public Utilities
commission today shows gross op-
Grating revenues of sl.313756 for the
month, compared with sl.l24,869 for
February. 194l. an increase of S188,-
Bs7 However. operating expenses
increased s214.8l6 over l94l to
total of s999.0ls. The resultant re-
-duction of s25929 in net operating
revenues for the month was caused
.by higher taxes.
Incorporating income shows a
decrease of s2,233. and income de-
ductions were s3,979 higher. The
final result of operations for Feb
ruary was a net income of S263, 1868.
which was S32,l4l lower than for
February. 194l.
The companys net income for the
first two months of this year
amounted to s472 374. compared with
s514,6s0 for 194l. The reduction Of
s42.30e is attributable to increased
taxes, the provision for which was
approximately sl17,000 greater in
the current year than in l94l.
The report also shows gas sales
Of 2,126.060 M cubic feet for the
month. compared with 1.770.417 M
cubic feet for February last year.
There were l79 693 meters in service
in the District of Columbia on Feb
ruary %, 1912. a Sc per cent in
crease over last year.
The company expended approx
mately $4,000 in February and
$3.50. 400 in the first two months of
this year for extensions to its prop
erty in Washington.
Washington Offices Expanded.
The Ralph c. Coxhead Corp. New
York. manufacturers of the Vari-
Typer Composing Machine, is ex-
panding its Washington service
facilities to meet increased Govern
ment needs. it was announced today
by President Ralph c. Coxhead.
After April l. the Washington
Offices will occupy new and larger
quarters in the Evening Star Build
ing. The new headquarters will also
include larger facilities for the
school for the training of Govern
ment employees.
Appointment of G. James Farmer
as vice president to head the new
Office and take charge of all Gov
eminent business and the resigna-
ton of Walter J. Hausman as the
WASHINGTON representative was also
announced by Mr. CoXhead. Mr..
Farmer prior to the appointment
was general sales manager.
Easter Trade Sets Record.
Washington merchants expressed
the belief today that Easter trade
in the Capital will outstrip all
former records in dollar volume,
Judging by the present rush in the
department stores and the recent
weekly trade summaries from the
Federal Reserve Bank of Richmond.
The last weekly report from the
Richmond bank showed department
store sales here "a per cent ahead
Of the same week a year ago, and
in the previous week As per cent bet
ter than last year. During many
shopping days recently. retail buy
ing has assumed Christmas holiday
proportions,
The much higher income taxes
and very heavy Defense bond sales
appear TO have had little effect on
euying power in this territory.