Evening star., 1951-02-27
ABA Credit Meetinq
AChieago TO Draw
Capital Delegation
By Donald B. HodIey

by Donoio D. nooiey
A delegation of Washington
bankers will attend the National
Instalment Credit Conference of
the American Bankers Association
at Chicago March 1914.
william w. Mccarthy, chair
man of the ABA Consumer Credit
Committee, which is sponsoring
the meeting, reported today that
more than $50 advance registra-
tions already have been received,
and that more than 1000 credit
officers of leading banks are ex-
pected to attend.
r. M. Evans. member of the
Board of Governors of the Federal
Reserve System, will address the
opening morning session on "The
Bankers Interest in Fighting the
High Cost of Living" Other speak
ers at the same session will be Mr..
Mccarthy and C. Francis Cooke
of Roanoke, Va, vice president of
the ABA.
Speakers at other sessions will
include Richard l.. White, presi-
dent. Landers, Frary & Clark;
Fred F. Florence, president. Re-
public National Bank of Dallas,
and William j. Cheyney of Wash
ington, executive director. Retail
Credit Institute of America.
,ax.frr
ference of the ABA will be held
in New York next Monday and
Tuesday James E. Shelton, pres
ident of the ABA, will speak at
the end of National School Saw
ings Forum, which will follow the
close of the conference Tuesday
night. i
Telephone Net Above 1850
Net income of Chesapeake &
Potomac Telephone Co. in January
totaled S484,683, a drop of $149, 1869
from the previous month, but was
$211.770 above January. 1850, the
company reported to the Public
Utilities Commission today.
Operating revenues for January
were S3,667,770, decline of ST.
$50 from the previous month, but
$751; 1888 ahead of a year earlier.
Operating expenses of $2,534,831
were $126,328 above the preceding
month and $133,560 above a year
earlier.
Operating. taxes of $611, ,389
were $4,000 below the previous
month. but $279,105 ahead of
January. 1850. The January bal
ance after dividends was $84, ,683.
a drop of $15,936 from the previ-
Gus month, but $28,436 above
January. 1850.
The company had 491 1868 tele-
phones in service at the end of
January VS.. 487,472 a month
earlier and 467 ,596 a year earlier.
Originating local calls in January
totaled 67,527,543 VS.. 61,102,960
in January, 1850. Originating toll
Calls totaling 1,009,243 compared
with 80T.614 a year earlier.
DicSc1S 1elp southern.
Southern Railway Co. today re-
ported January net operating in
come of $500, ,204, compared with
$1,921 500 in the same 1850
month. and President Ernest E.
Norris cnmmented at a board
meeting in New York that Diesels
at the end of 1850 were hauling
80.3 per cent of the systems gross
ton-miles of freight and 79.1 per
cent Of the passenger car-miles.
Mr.. Norris said "a gratifying
result of our long continued pro-
gram of mechanization, dieSeliza-
ton and improved techniques of
operation is in the control of ex-
pense." He reported the road now
has 645 diesels in service and has
100 more on order.
There's tough transportation
Job ahead, but the Southern is
better prepared than ever before
in its history, financially and
physically" he added. Within a.
little more than a decade, South
ern has reduced its long term debt
by more than $120 million and
since 1910, it has invested more
than $153 million in new diesel
power and freight and passenger
cars. he declared.
January operating expenses of
the road rose to s21.773, ,022 VS..
$17,654,181 year earlier. Balance
after fixed charges was SLABS
682 VS.. $973,710.
Southern Promotes Matheson.
r. A. Matheson has been ap-
pointed general passenger agent
of the Southern Railway System
here, effective March /.
T. F. Davidson. now district
passenger agent .ss..,.s,,.,,...,s.,.<...,..,.z.s
at Miami, Fla,