Evening star. [volume] (Washington, D.C.) 1854-1972, 1942-02-05
Washington Gas Net
For Year Reduced
To S1,127,@4
$134,30l Drop From
Previous Year Laid
To Higher Taxes
BY EDWARD C. STONE.

y
amounted to S1,127 1854, in compari
son with $l,262 1865 in 1910, accord
Ing to the report filed today will
the Public Utilities Commission
The decrease of s134, 301 arose from
taxes which were approximate,
S138,300 higher in 1941 than in tn
previous year, the report showed.
December operating revenues, ais,
reported today, amounted to 81 ,029,
lD2; gain of $53,354 over December
1910. Operating expenses increased
$63,625 over 1910 to total $685., 254
causing a reduction In net operating
revenues Of $10,271. Incorporating
income increased $6,261, amounting
to $500 for the month.
Income deductions were $9,08,
higher this December and the f1na
result of operations was a net in.
come of $142,490 which was $13,09t
lower than in December, 1910.
The report shows gas sales o.
1884 $40 M cubic feet for the month
compared with 1,513,261 M cubic fee
for December, 1910. There vert
i7s,27S meters in service in the Dis.
trict of Columbia on December 81
1941, an increase of per cent ovel
1910.
The company expended approx
mately $4,000 in December anC
S2,139,000 in the year 1941 for ex-
tensions to its property in Wash
ngton.
Loan Officers Reelected.
Shareholders of the Eastern
Building q Loan Association at TIT
annual election of officers and di.
fectors last night were told by r
Edward Early, secretary, that the
year just closed was by far the best
In the history of the home-l lending
Institution.
: According to the secretary's re.
port, assets climbed nearly million
dollars to a new high of 1854 ,819
while loans on real estate increased
from S4,451 $50 in 1941 to $5,397 ,00(
at the close of business January 81
1912.
Analysis of the yearly statement
revealed that the surplus and un-
divided profit account rose sharply
during the year, gain of $49, 00C
being registered.
All officers and directors were re-
elected. They are: William N. Payne
IT.. president; Charles A. Garry,
vice president: R. Edward Early,
secretary; William H. Harrison
treasurer; James A. Donohoe, jr.
assistant secretary; Alfred r. Keir
Ind Thomas r. Harrison, assistant
treasurers; Arthur G.. Bishop, at
tnrney.
II Directors: Walter M. Bastian. T
Earle Bourne, William j. Brewer
Charles A. Garry, James A. Dono-
hoe, William H. Harrison, Osbourn
pWings, William N. Payne, jr., and
D. Chester Pyles.
Il Bankers to Help Farmers.
Il Bankers in agricultural areas are
seeking to furnish all possible credit
tpr the foods for freedom" pro-
Tram. President Henry w. Koeneke
pf the, American Bankers Associa-
ton, told the trust conference ir
New York.
/. The banks should have two major
pbjectives in these war days, he said
to help financing for the production
Of war goods and to promote to the
highest degree the sale of Defense
bonds.
Richard G. Stockton. president
of the trust division of the A. B. A,
of Winston Salem, declared that the
war is affecting the trust business
Of the banks in at least eight diff
ferent ways. These repercussions
are:
Loss of trained personnel, priori-
ties on Office equipment, air-raic
and war-risk insurance, problem.
arising in the administration Of
alien property, the handling Of De-
Tense bond purchases, investment
problems, war taxation and the eff.
feet of the war on private enterprise
and property rights.
Blanz Names Victory Aides.
Wilfred H. Blanz, president of the
District of Columbia Building &
Loan League and secretary of the
American Building Association, who
was recently appointed member Of
the General Committee on Salvage
for Victory by James E. Colliflower
has announced the personnel OF the
building and loan unit:
Howard E. Thompson, assistant
secretary, Columbia Federal Savings
e. Loan Association; William H
Dyer, assistant secretary, Perpetual
Building Association; S. S. Symons
secretary, Northeast Building Asso'
citation; Otto Herman, assistant Sec
rotary, Home Building Association
and Martin A. Cook, secretary, En-
terprise Building Association.
Bond Authorizations Slump.
State and municipal bonds author
lied by the voters of % communitie'
in 10 States totaled only s2,575, 600
as compared with s9.568,0 900 in jan
uary, 1941, according to the Dali!
Bond Buyer. December authorize
tions totaled So, 406, 465.
Alexandria, Va, will receive bid
February II for $75o,00O public i'm.
provement ~ per cent bonds, datet
December Is and due 1943-77. Thi'
is the issue on which bid of 101.2'
for 21ks was received recently anc
rejected.
Miss S. Winifred Burwell, an assist
ant trust officer of the Nationa
Metropolitan Bank, will be one o.
the speakers at a two-day session
of the Middle Atlantic division O
the Association of Bank Women II
New York February and Z.
Defense Bond Appeals Mailed.
| Laidlaw & Co. today sent appeal.
to all customers urging the pur.
chase of Defense bonds in the larg'
Est possible amounts.
| Similar action has been taken by
bther brokerage houses in Wash
tngton and by many investment
dealers, following the naming Of
special representatives In the diff
ferent offices to press sale of tn
bonds. .., 3D.
I Investment dealers in the finan.
hal district are receiving a great
deal of praise for their efforts tt
Sr,raoea tho cola ~ NOR hoy,dc O,