Evening star., 1944-11-21
Prince Georges Bank
To Pay S19O,S05
In YuIe Savings
By EDWARD c. STONE.


Prince Georges County Bank &
Trust Co. will distribute Sl90.805 tc
1922 Christmas Savings Club mem
bers op December l, Vice President
Thaddeus M. Jones announced to-
day. This compares with $4,000
paid out a year ago and is one OF
the largest clubs the bank ever
operated.
The major part of the money will
be used for holiday gifts or the pay
ment of taxes, MIR. Jones stated. The
Hyattsville bank pays no interest on
Christmas savings and eXactS no
penalties If members are obliged to
drop out during the year. The l945
club will be opened on December 4
Today'S announcement follows re-
ports that the National Capital Bank
will distribute $4,000 to 1,700 club
members and the Industrial Bank,
1892, ,736 to $3.50 members.
Pepco October Income Drops.
New income of the Potomac Elec-
tric Power Co. in october totaled
S302,655, a decrease of $113,140, or
2721 per cent, from october of last
year. today's report to the Public
Utilities Commission showed.
An increase of S50,383 in operating
revenues was offset by much larger
increase of s153,9 ,982 in operating eX-
penses, mainly in taxes The figures
provide for a possible reduction in
rates if the court backs up PUG
order.
Net income in the first 10 months
of this year amounted to SO 139 ,422,
decrease of S391,743 from the like
1943 period, or 1109 per cent. Op-
Grating expenses were much heavier
than the gain in operating revenues.
Richmond Bank 30 Years Old.
The Federal Reserve Bank of
Richmond has just noted its 30th
anniversary. The present officers
include Robert Lassiter, chairman:
Hugh Leach, president, and George
H. Keesee, vice president and
cashier.
j. Wesley Clampitt of the Union
Trust Co. addressed D. c. chapter,
Chartered Life Underwriters, at a
dinner meeting last evening at the
Lee Sheraton Hotel, on Estate
Planning" He gave many practical
suggestions for cooperation between
life underwriters and trust officers.
T. Loehl O'Brien presided.
Phone Calls Show Increase.
The Chesapeake & Potomac Tele-
phone Co. today reported 1888 .693
average calls per day during October
compared with .493 .604 in October,
l943, an increase Of 40,089 calls.
At the end of October there were
365312 telephones in service, COM
pared with the slightly higher fig
ure of 1865 Alb in October a year ago,
officials said. There were, however.
September this year. The company
is still requesting that civilians give
long distance war calls the right of
way so far as possible.
Rail Revenues Up Slightly.
Seventeen class I railroads in the
Southern region, representing 65
per cent of total operating revenues
in the territory, estimate that oper-
ating revenues in October were 33
per cent ahead of October, 1943.
Freight revenues increased As per
cent. but passenger revenues de-
creased 19 per cent.
The National Life Insurance Co,
Vermont, has entered the field of
CT loans to help war veterans prr-
chase or renovate homes. the Wash
ington Office has been notified.
Washington Properties Is gained
three points in october and Ma
tional Press Building 4l2s moved
up half a point, according to the
Amott-Baker survey. Trinity Build
ing IS. New York. led 200 issues
with 12-point lump.