Evening star., 1943-02-21

pdIih anu HAS hiAhh ~ hhes
been active in Washington Chap
ter, American Institute of Bank
ting.
Railroad Revenues Soar.
s. Seventeen class I railroads, rep
resenting 66.4 per cent of total oper-
ating revenues inathe Southern dis
trict, had estimated operating reve-
nues in January of SGT, 1853, STA. COM
pared with S44.2l3151 in January.
1912, or an increase of Sig per cent.
Freight revenues of these railroads
In January amounted to S5l ,347.67l
compared with s36,259.2 .246 in jan
uary, 1912, or an increase of Ais per
cent.
Passenger revenues Of those roads
In January totaled sl2,375,547 COM
pared with S5,364570 in January,
1912, or an increase of 1907 per
cent
Cashing of Checks Spreads.
John A. Reilly, president of the
District Bankers Association, an
nounced yesterday that the number
OF Government checks being cashed
by so Washington bank Offices is
steadily on the increase.
= In the first statement since the
new regulations aimed to expedite
the handling of some 500 900 checks
each month, Mr. Reilly stated that
q majority of the increased number
of checks had been cashed during
regular banking hours. On the days
In which banks kept late hours.
there was little difference in the
volume of business.
The new identification arrange
inents worked to perfection, There
had been some apprehension along
this line. Tellers, however, found
that Government workers presenting
checks mad the required identifica-
ton ready.
Bankers were highly gratified over
the first weeks results under the
new plan. Treasury officials made
similar comments, believing the new
rules will prove most helpful to
everybody concerned and clear up a
problem that had been bothering
Government employees for years.
Insured building and loan associa-
tions IN the District made home
loans totaling S9,941 700 during 1912,
Oscar r. Kreutz, general manager Of
the Federal Savings and Loan In
surance Corp, announced yesterday.
In l94l loans made by these insti-
tutions aggregated sl6,803,637. In
vestment accounts rose from s35,-
100000 to S39 100000.
Insured associations in Maryland
made home loans totaling S23, ,179 900
during 1912, while in 194l loans
made by these institutions aggre-
gated s26, ,691 $50.
Similar associations in Virginia
granted home loans totaling SILL
075,30o during l942, compared with
$l3,375, ,654 in l94l.
War Reserves Increased.
Showing a profitable years busi-
ness, the Union Central Life Insur-
anoe Co. reports an addition of
s2,6l7 ,458 to surplus and special re-
serves TO meet any conditions that
might arise due TO the war. The
company assets increased by Sl9,-
100000 during the year.
President w. Howard Cox com
ments specially on the way in whicn
the public is holding to life insur-
ance during these hectic days. The
lapses were the lowest since the
company was founded rs years ago.
The 1912 increase in business was
$3.50, 1893.
Loan League to Meet Tuesday.
F. Wilson Camp, secretary of the
District of Columbia Building and
Loan League, has notified all men,
bers OF the regular monthly meeting
slated to be held Tuesday at the
Raleigh Hotel. The affair will begin
at 1890 o'clock with Wllfred H.
Blanz, league head. presiding
Mergenthaler Dividend Voted.
Directors OF the Mergenthaler
Linotype Co have declared the reg
ular quarterly dividend of 81 per
share, payable March l3 10 stock
holders Of record March S.