Evening star., 1942-08-30
Taxes and Costs Cut
{. & P. Phone Net
Despite Activity
$71,304 July Earnings
Contrast With $75,722
In lo41 Month
BY HAROLD b. ROGERS.

Altnougn ACTIVITIES OF the CheSa-
peake & Potomac Telephone Co,
like all other business in war
swollen Washington, are on the
increase, heavier taxes and higher
operating expenses resulted in a de-
crease In net income for both July
this year, and for the first seven
months of the year, as compared
with the same periods last year.
Net income of the company for
July this year amounted to s71 .304
against $75,722 for the same l941
month. or decrease of $4,418.
At the same time investment in
telephone plant, according to the
monthly report of the company filed
with the Public Utilities Commits
sion, by Charles A. Robinson, vice
president and general manager, was
$l4,065, ,682 more than in July, l941.
Operating revenues for July were
s1,737,377 against $l,31l ,205 a year
ago, and operating expenses were
S1,4l6,507 as compared with 81 DBL
95l in July 1941.
Taxes Total s121,49s.
Taxes in July amounted to $l21,-
499. accrued as to Federal taxes
however, at rates imposed by the
1941 revenue act ITO the extent
that 1912 Federal taxes are increased
retroactively," said Mr.. Robinson,
"the net income of the company
Ori11 ho 1ecS tho,, o,,rrap+l1, ropor+od
Net income of the company fell
of from $955,876 for the seven
months of 1941, to $753,374 during
the comparable period this year.
For the seven months of 1912
operating revenues were 29.41 per
cent higher than for the same pc
riod last year, while expenses, in
cluding taxes, were 3618 per cent
higher.
There were 348.654 telephones in
service at the end of July, which
was an increase of 4,141 telephones
over the previous month. Tele-
phone users made 40,570000 calls
during the month, or 1882 900 more
than in July, 194l.
Woman Expert Named.
Mrs. Dorothea Crater of the
American Bankers Association staff
at its headquarters in New York
city has been appointed to an
executive position in the Office of
the District of Columbia Bankers
Association, and is expected to
arrive here Tuesday.
This was learned last night from
John A. Reilly, president of the
association. who explained that Mrs
Crater will take an important role
In the activities of the organization.
She has been active in the legal
division of the ABA, and has con-
tributed to official publications Of
the ABA. Graduating with the de-
grees both Of bachelor of arts and of
law, she is member of the New
York Bar. According to her asso-
ciates In the New York office, Mrs.
Crater has been highly efficient in
her work. She is acquainted with
banking affairs. and is widely known
In ABA circles. She is said by her
associates to be attractive, and OF a
pleasing personality"
Larson Already Gone.
With the secretady of the bankers
association, Donald Larson, already
in the Army at Camp Lee. the acting
secretary, Edridge Kendrick, said
last night he was expecting to be
called into the service probably
within the next few months. If
this should happen, Mrs. Crater
would be in position through her
experience in the District of Co.
lumbia Bankers Association, to take
over the responsibilities of acting
secretary. On account of this, her
appointment to the new post here
assumes added significance.
This move of the District of Co.
lumbia bankers is in line with the
growing Importance of women on
the staffs of local banks, which are
looking more and more to women to
take places of men gone into the
armed forces. One bank official said
last night his institution had places
for at least four qualified women.
Personal Notes.
D. ]. Needham, general counsel
of the American Bankers Associa-
ton, who has been on vacation with
Mrs. Needham at Rehoboth Beach,
Del, will return to his desk here
tomorrow.
Thomas j. Groom, president of
the Bank of Commerce and Savings,
who has been on vacation at Sea
Island, Ga, is planning to return
soon.
Harold E. Shelters, a director of
the First Federal Savings and Loan
Association and assistant sales man
ager of Radio Station VOL, is on
active duty as lieutenant command
er in the Navy. in foreign service.
c. Wylie Allen, director of First
Federal Savings and Loan Associa-
tion, who is chief savings and loan
consultant, United States Agency, is
on duty as lieutenant, United
States Army, somewhere in the
Midwest.