Evening Star Newspaper, January 6, 1922, Page 27

RETURN OF 40,000 MEN TO PLANT |FEDERAL INCOME AND | EXCESS PROFITS TAXES, EXPECTED TO Effect of Lower Motor Car Prices at S Detroit Not Likely Until After Sbow—Elaewhere. NA. BY PHIL S. HAN Epecial Dispatch to The Star. DETROIT, January 6.—The response to the cuts in the prices of motor cars announced by Detroit manufacturers has been of fairly wide and generous proportions, although it is not ex- pected that the full effect of the low- FINANCIAL BOOST TRADING COonducted by Dr. ,A.-." J. (Copyright, 1021, by Joseph J. Klein. Al T ights reserved.) (Tax questions should be addressed to Dr. Klein, in care of The Ntar. | communieations must be s nswers will not reveal the inquirers.) igned. Dr. TReatity of ARTICLE I. was 400 cars heavier in December| The purpose of this column is to than it was for the same month inlafford aid to those taxpayers who do 2830- not ordinarily consult an attorney or Steel. an accountant regarding their tax HARRISBURG, January 6 (Special). | Problems.: I shall endeavor to make —The recommendations of the public |Cléar the provisions of the revenue service commission declarifs that|3ct of 1921, which became a law by wooden railroad coaches should be|SiEnature of the President at 3:55 cred prices will be made manifest|abolished by commission mandate or |on the afternoon of November 23, 1921. until the New York automobile show, which will epen tomorrow, is well under way. Activity has been quick- ened somewhat this week in lines where inventory taking has -been completed, but the big resumption of work will come next Monday, when more than 40.000 men will return to ‘work at the Ford plant. Banking and financial circles here are again breathing normally after the two or three days of unsettlement oceasioned by the Chicago bank con- lidations. Bankers declare the situ- ation here is fundamentally sound, as there has been no heavy motor com- pany financing by Detroit banks or institutions closely affiliated with them, and the larger manufacturers of cars are almost out of debt to the banks. Manufacturers of pruning tools and nurserymen’s accessories report that more orders flowed in this week than in any similar period last year, the demand being distributed throughout all the fruit-growing sections of the country. Large forces of men have been engaged in the copper district of the upper peninsula and the mines are being rapidly prepared for the resumption of copper production next spring. Atlantans More Hopeful Than for Five Months Past BY RALPH SMITH. Special Dispatch to The Star. ATLANTA, January 6.—Bankers, ‘business men and manufacturers are more optimistic in this section than at any time for five months. Collec- tions are improving, wholesalers and jobbers are booking many belated orders from retailers and the annual White sales are stimulating purchases in large quantities. Buyers have re- sponded to the cut in prices of men's «lothing and dealers have been com- pelled to replenish stock. Action of the city council in approv- ing an issue of $4,500,000 in bonds which will be spent in municipal im. provement work will reduce unem- ployment materially here, as work on these projects probably will soon be under way. Building here has started off with a Tush, projects requiring the expendi- ture of $300,000 having been approved in the first three business days of the Year. In addition work is expected to start soon on additions to the quar- ters of two large financial houses which were projected in the last few days of December. Reduction in the price of coal at the mines has enabled retail dealers in this section to cut prices $1.50 a ton. St. Louis Plants Function at an Increased Pace BY J. N. FINING. Special Dispatch to The Star. ST. LOUIS, January 6.—Industrial plants are functioning at an in- creased pace as the inventory season is passing in this section. The shoe factories are well supplied with or- ders and are in a position where they can look forward withoat apprehen- sion to a steady production for some months to come. Hide and leather cupy a firm strategic position and prices are steady, although buying has not been particularly active in the last few days. The situation of the agricultural population continues to be a large .factor in this section, but banks throughout this section are strength- ening their position, although collec- tions in_ general have been rather slow. The lumber industry has showed signs of renewed activity and is not confined to any one line of production, the demand even for hardwoods being fairly good. Tobacco prices in this section are firm. In the western Missouri zinc and lead fields there has been a brisk demand for spelter and lead, although no marked changes in price have oc- curred. Wholesale Dry Goods Shows Improvement at St. Louis BY J. N. FINING. Special Dispatch to The Star. ST. LOUIS, January 6.—Marked and permanent improvement has been no- ticeable this week in the wholesale dry goods trade. Orders have been larger than in any week in three months, and they cover all kinds of goods. The dry goods industry is the second of the yprincipal divisions of commerce to es- tablish prices and conditions as to what s regarded as a firm and lasting basis, the shoe industry having effected price stabilization in October. The price ten- dency henceforth is expected to be upward. There are three outstanding features 1o this stabilized business, first, orders for goods for immediate delivery are large, but a for the purpose of filling in assorted stocks; second, buying is =till conservative, and, third, confidence is most positive. More visiting mer- chants are in St. Louis than have been here in several months and all appear 10 be looking forward to an exceptionally prosperous year. Commodity Reports From Various Sections ‘Woel. BOSTON, January 6 (Special).—The | W& stocks of government-owned wool lere have been reduced in the last vear from 100,000,000 pounds to 18,- 000,000 pounds. In the last few weeks the price of wool has advanced from 25 to 50 per cent. This is taken to indicate that woolen cloth and cloth- ing will be higher in price later on. SAN FRANCISCO, January 6 (Spe- cial).—There is a steady movement of wool from warehouses to the mills, by action of the state legislature, if | ghall give special attention to those necessary, are expected to have a de- cided bearing on the increase of steel | 32Ctions which affect the average equipment by roads in this state. taxpayer rather than to the more technical features of the law. Glass. In passing, it may-be well to point PITTSBURGH, January 6 (Special).{out that the new revenue act follows —Buying is expected to be brisk at|closely the wording and structure of the annual exhibit of pottery and|its predecessor, the revenue act of glass now going on here. More than{1918. The more important changes 100 manufacturers have exhibits, and | may be summarized as follows: Klein, | for thé adjustment of taxes paid by the To receive atten- | ital FOR SFAEE wise Service in the South EQUIPRENT ‘TWO Oil Burging Steamers— (500 Pas- gengers) Picnic Grounds, Iesase on @ Bathing Beach and title to improvements thereon, lease onm terminsls, transfer of fuel oil contract which expires December 1st, 1922, Price sttractive—thorough investigation invited. Address Box 57—M Star Office Money to Loan Becured by first deed of trust on real estate. Prevailing interest and commission. Joseph I. Weller 8,V &q% ra LIBERTY BONDS stockholders of such corporations. New Taxtible Concepts. | 12. Section 208 provides new taxable concepts called “capital gain” and “cap- loss.”” This section provides for the limitation of tax on such net gains to 12% per cent, provided the total tax on total net income, inclusive of capital net gain, is not less than 121 per cent. While this provision is restricted to In- dividuals and partnerships, corpora- tions are not discriminated against be- cause their own tax rate is 122 per cent. 13. From the income point of view a very immaterial change, but one which is absolutely sound in. principle, is the provision by which the reciplent of in- terest from tax-free covenant bonds is no longer compelled to impose upon |s 4 BOUGHT FOR CAFH. himself the fiction of constructive in- lee Bond e come in the absence of actyal income received. 14. In case of property acquired by gift after December 31, 1920, the basis for determining gain or loss upon sale or other disposition thereof shall be the same as that which it would have in the hands of the donor or the last pre- ceding owner who did not acquire the property by gift. (Article IT will appear tomorrow.) REPORT OF THE CONDITION Ot the McLACHLEN BANKING CORPORATION. the recent price reductions are ex- A—Changes which are effective Mone At Washington. In the District of Columbia, st pected to stimulate purchases. trom January 11921 24 the close of business December 31, 1021, e very person who has a gress An e Eate.. incorme oF i Teaat S308 Togacicns I gursmecuom Tocally and| a. e . CHICAGO, January 6 (Specal).— |of the amount of his net income, must in other cities enable us to fur- Tncluding The lard market here is irregular.|™5 % Tho0e) person living with his nish money in any amount for This is due to some extent to a Te- |, I Estate En- cent failure in the irade. Chon lard | Yife (or with her husband)or the e is slow, with the price holding around trt s 5 8 Total 516 Dot Dundred oocnte of not over $5,000 is entitled to a spe- Stone & Fairfax otal loans. 4 . : 3 cific exemption of $2,500, instead of i Matn 2424 2. overdratt e e $2,000, as under the old law. et cAve:d S OF T Nalh M3t 5 Qresanatisunscured (390080 4 Live Stock. 3. The exemption for dependents, e 13,400,00 SEATTLE, January 6 (Special).—|has been increased from $200 to $400. 5. Other boniy, Cattle and sheep men are selling| 4. While the normal tax rates have LOANS ties, etc. . 488,623.13 stock freely, and both live and|remained unchanged, the surtax rates ! 6. Furniture and fixtures, g dressed steers have advanced from |applicable to the lower levels of in-| 7. ).,‘.‘" tate owned other than 2R $1 to $1.50 a hundred pounds. Retail | come have been slightly modified. Full ; If you have money to in- - PoRnking Bous rerereeso e, 3,200.00 butchers are paying 23 cents a pound |details will be presented in a subse- y 3 10. Cash in’ vauit ; as against a low price of 10 cents|auent article of this series. vest we can safely place it on from national 104,106.45 in December. Net Loas for Any Year. Adtomeiicn: 5. The net loss for any year, includ- DETROIT, January 6 (Special).— ing the year 1921, may be employed Negotiations are now in progress for | for the reduction of net income of the the refinancing of the Lincoln Motor | succeeding year, and if the net loss Company, which went into hands of | of the first year is not thus exhausted, 911_ receiver on Novembher 7. It I3 be-|the balance may be applied to the net ieved the manufacture of the Lin-|income of the second succeeding year. coln car will be continued. 6. Among the deductible contribu- tions, still limited to 15 per cent, a Sugar. provision has been included whereby NEW _ORLEANS, January 6 (Spe- |are deductible such donations to the cial).—The sugar situation, one of the o United States, to states, to municipal- ark spots i i ties, etc., for public purposes. Con- { in the South: has imeaarial situation | gress has again failed to permit such An unexpectedly large yield has off- | deductions if made by corporations. set the low price and enabled pro- |, i- Reserves for bad debts may now ducers to show a profit on the year's | b€ set UD on the books of the tax- operations. payer and debts partially uncollectible may now be written off for the part Lumise. o Citizens and domest! t . . Citizens and domestic corporations (SRAVERSE CITY. Mich., January 6 | under certain limitations need not in- Special).—Lumbering operations in |clude in gross income earnings made this section have begun with 50 per |from operations included fn United gent more men at work than last|States possessions unless and until year. Operators are encouraged by [such earnings have been received lower freight and labor costs. AX-|within the United States, thereby Do T8 recelving $25 a month and | eliminating prior double taxation. and poarajpared with 360 a month| 9. Full effect is given to the United td last year. States Supreme Court’s decision in the Goodrich case, and to the solicitor's Fruit. p statement to the court relating to the WENATCHEE, Wash., January 6 |applicability of the old law section { (Special).—A tralnload of Wenatchee | dealing with the basis of determining apples, consisting of fifteen cars, left | gain or loss on the sale or other dis- _hn‘te this week for southeastern ( position of nrgpe(rty acquired prlorl to 77 states. March 1, 1913 (present act, section Fn T M - 2020, irst Trust Mortgages Notes. Exchange of Property. NEW YORK, January 6 (Special).—| The balance of section 202, com- Action of the United States Shipping | mencin€ with subdivision C. deals Board is expected shortly in connec- | primarily with the exchange of prop- tion with the new scaie of wages |erty, and provides, much more lib- which the American Steamship Own- | eérally than did the 1918 act, for the ers' Association has just approved. | postponement of the determination of This scale provides, it is understood, | taxable income until what has been for a cut of 15 per cent in salaries of | received has been converted into cash officers and reductions ranging as|or its obvious equivalent. Even if high as 30 per cent for unlicensed em- [ that which has been received has a ployes. Members of the association {readily realizable marketable value, jare expected to put the new wages |no determination is made, provided it {s substantially similar property to that disposed of. And when an in- dividual or partnership transfers prop- |erty to a corporation and immediately vontrols 80 per cent or more of the stock of the vendee corporation no taxable gain results. 10, Deduction of traveling expenses, into effect as soon as possible. PHILADELPHIA, January 6 (Spe- al).—Imports through this port in 1921 were $120,366.655, compared with §282,157.831 in 1920. Exports for last year totaled only $126,590,195 in value gompared with $451,043.316 in 1920. ese figures reflect a loss in foreign sive of the entire amount spent trade of §486,244,297. el s and_ 1oduings is & much KANSAS CITY. January 6 (Special), | more liberal provision than in the 1918 —The local shops of the St. Louis and | law. San Francisco railroad have laid oft | 11 The arbitrary distinction made ank 11. Amount due from state banks, bankers and trust companies in the United States (other than gilt-edge first D. C. Mort- gages. Our record of 30 years insures your protectior. Cour- teous treatment. included in items §, e“ Co 17,727.50 ; Percy H. Russ sl it 9 14. Ch!gll':n hln‘kx Ifl('lfled mt‘n‘h!fl‘ o o st b S.W. Cor. 15th & Sts. and other cash iteme: 3,825.00 sets—Remodeling ac- . 26,726.54 -$1,234,133.08. YOUR § 7. Capital stock paid in. 000.00 000,00 18. Surplus fund 2 Invested in Our 18, Undivided prof ¥ A 7% 23, Certified chec 391.40 24. Cashier's checl Total of itews 0, 3135 33 W02 First Mortgage Notes ota) of iteime 20, 2L R B Is Always Worth a § Piank” degonis), “hepontta L ys able mh(n"'m dayers $100, $250, $500, $1,000 29,814.00 GEQ. W. LINKINS b 1719 K Street ’é’r‘f daye, or rublect to_30 «In Business Since 1886” v e - of deposit (other than for money ).. 50,636.00 rowed). . f time deposits, items 33 and 34..$50,636.09 Total 31, 3 bov camed bank, do solemnly swear that the above statement is true to tbhe best of my knowl- edge and bellef. JOAN A. MASFIE, Treasurer. Subscribed and sworn to before me this 5th day of January, 1922 (Seal) EUGENE H. McLACHLEN, Notary Publie. Correct—Attest: LANIER P. McLACHLEN, HORNER, . For Sale—7% $3,000.00 to $4,000.00 Units Colin Livingstone Phone Main 700 Room American National Bank Buildi S‘O“r” First Mortgage 1% “INVESTMENTS” can be se- cured now in amounts of $250 Up to $10,000 The only absolutely safe form of tnvestment yielding such & liberal rate of_interest. H. C. DUFFEY, WM. WASHBURN, Directors. REPORT OF CONDITION NATIONAL CAPITAL BANK, At Washington, tn the District of Columbin. at the close of business on December 31, 1921 about seventy men this week. It is|under the 1918 law between so-called The same courteons, prompt and — understood here that the order will | personal service corporations and ordi- (| eficient consideration givea to all in- B s e be followed by all other shops on the |nary corporations has been eliminated. || vestors. =0 o0 o Title e - & Counts, incioding A safety valve provision has been in- serted (section 1332) providing for the taxation of these special corporations as ordinary corporations for the years in case the ‘Frisco system. Washington Stock Exchange with dealers reporting a fair demand. | Wask. Rwy. Goods. Dry, Ame CHICAGO, January 6. (Spectal).—|S3 Dry goods wholesalers and retailers in complling their annual statement report fair profits on the past yeai with an increase business and a decrease in money value of the goods sold. Groceries. KANSAS CITY, January 6 (Special). ~—Forty-six “cash-and-carry” grocery stores here have been purchased from the Union Pacific Tea Company by Jones Brothers of Brooklyn, owners of chain stores. Thé purchasers plan 1o add 100 more stores in this city within the year. — Shoes. NEW. YORK, January € (Special). ~Fair orders for high-grade shoes for spring delivery have been received since January 1 by Brooklyn manufac- turers. The reductions {n price have h{:{eued demand, the manufacturers state. —_— Coal. PHILADELPHIA, January 8 (Spe- clal).—Local coal dealers have an- nounced a reduction of 26 cents a ton on anthracite coal. This, it is said, is a reflection o fthe removal of the fed- eral transportation tax on coal ship- fents from the mines. —_— ‘WORTH, January 6 (Spe- u3§._n 24! in the - Fexae panhandie snd in Wees Toxas company each note without cost to in- vestor. Chas. D. Sager rediscounts _(ex- cept those shown in b and c).... A. A. Housman & Co. FINANCIAL. EQUITABLE Co-Operative Building Association | Harrivan &.Co.| Complete analysis in > - Organtsea 1879 current issue of our - MEMBERS: “Securities and Lot st Ebn Commodities Review” :....::." Wm Newmmw Copy sent upon request. Save While Yeu 1l Broadway. New York Private wires to Principal cities. Earn | —Make up your mind to save something each pay day and watch | it srow. Subseriptions for the 82d lssue of Stock Being Recelved Shares, $2.50 Per Month 4 Per Cent Interest EQUITABLE BUILDING 915 F St. NW. JOHN JOY EDSON, President FRANK P. HEESIDE, See’y Washington Office COLORADO BUILDING Telephone Main 1603 New York Stook Exchange VLR TR, Y. Goffes & Bugar Exc) New York Produoe Ex Exoha; Board of Trade. Asso ‘members of Tiverpool Gotton Assoctation Washington Office MAIN FLOOR CORRIDOE, WOODWARD BUILDING Telephone Main 2040. | CHARLPS B. AILEY, Mgr. i i G.B.Chipman Manag:: The Trend of and Prices —A Survey— We have on repeated occasions in the past few years called public attention to the indi- cated advance in bond prices as forecast by declining commodity quotations. The first occasion was in May, 1920, when bond prices, as we now know, had reached their low level and commodity rrioe.s were just turning down from their peak. Thereafter ensued the period of general liquidation, accompanied by the beginning of a recovery in bond prices. In January, 1921, we published an exhibit illustrating how far the operation had pro- gressed to that time, explaining that the process was by no means completed. Further rogress in the liquidating moverent meantime makes the illustration, revised to date, goth timelv and interesting. The extent of the recovery in bond prices is best indicated in terms of their exchange value in eon:imodifies. because of the fluctuations in the purchasing power of the dollar in this period. Quantity of Commodities Exchangeable for .$100 Union Pacific 1st 4's May, 1914 May, 1920 Jan.1921 Dec. 1921 Unskilled day labor —_ days 12.6 16.4 22.0 Sugar-Ref. Gran. -Ibs. 350 1,038 1,600 Cotton ~Tbs. 188 512 489 Steel rails tons 1.40 1.82 2.20 Stee] sheets —Ibs. 5243 L4 1,885 2,933 Pigiron — _______tons 6.58 1.64 2. 3.94 Copper ———__Ibs. 685 405 656 646 Wool—100 grades avge. —Ibs. 408 114 828 205 Wheat _. bu. 88Y; 24 40 70 Corn bu. 121 341/3 861/3 128 Live beef ______________lbs. 1,311 664 ,060 1,173 Leather—hemlock sole — _lbs. 323 148 234 303 Oil—Ref. petroleum gal. 746 296 283 587 Coal—Nut anthracite tons 15%2 5.6 58 6.6 Newsprint . Ibs. 4311 700 1,261 2 Brick—Common —M. 13.85 3.08 4.55 5.86 * Yellow pine ... feet 3.237 700 1.323 2.200 This table provides the primary reason for the improvement in the bond market, and our opinion of the future trend of prices, based upon this and other controlling factors, should be of special interest at this time. We have incorporated this opinion in a circular, which includes a carefully chosen list of high-grade bonds. Copies of this circular will be furnished investors upom request. Clark, Dodge & Co. Established 1847 51 Wall Street, New York 790 Broad Street, Newark YOU CAN START in the volume of | Fed: J918 to 1921, inclusive, . LES, i States Supreme Court should 923 Fifteenth St. N.W. $019,388.77 qoFashington Gas 5—$500 at 88%, 3500 at|hola section 2186 of the 1918 sot uncon-l Main 36—Loan Deot. 2 sl Capital Traction 5s—$500 stitutional, and provision is then made 7 2,168. oo ashington Railway and E omnedt : Capital Traction—3 at 95%. 3 at 85%. 25 REPORT OF CONDITION e ot st ploat 95%, 25 at 95%, 25 at 96, 3 at Of_the . (11} 8. bondy 155,000.00 watitimins s ere o] FEDERAL NATIONAL BANK [\ e | e : H States govern- P& M1 At Washington, in the District of Colymble, at the close of business on ment secirities, 8010000 | OU do not need a large amount to open 5 3t 64, 25 o ? o 241,190.00 2 3 4 10 at o ¥ n BESOURCES. : o b M“?s'ééo e smeseer a savings account. You can start with AFTER CALL. 1. 8 Loans and discounts, including % . Banking house, . ur- = S Waahiagion Fun 0801000 at hire. 81,000 cept thoze ohowR in b and ©)cnceeecencen .o 3322682053 A L e as little as a dollar bill. Of course we 1 A S T B HER TOta1 10ADB! + cavossarssmsedisttabenassecns 31,116.82058 Mo overveTazk 12050015 g A S : ‘Washingion Gas The-$100 at 105, $3,226,820.58 1% Cofrom” pation: have no objection if you open with a larger ll‘n‘:\‘e‘;lc &mlzy.rég;tm Tt“" .1.0 at 1%, 2. Overdrafts, unse‘ouf::vfl l:'G«{'.zflr eessesssssesescasssssssese 2 1. A:::::: r:iu:“ .{":':u -"Am t b t -11 be interested to know that . e § ent se : BONDS. b BN eea s Secure circulation (U. 8. bondspar o iothe-United Saiea tober amount, but you wi Bid and Asked Prices. b AN Dihor Trifed Btates goverament 5o 355.836.00 12, EDNEaben for cicasing Bouss. 30888 many of our savings depositors start their ac- PUBLIC UTILITY. 555.536.00{ 15 Clecks en other banks fn ti¢ il 1 . American Tol. and Toise: 4% Other bonds, ‘stocks. securities, efo. . 247.087.50 g bk Cother than ftom counts with small amounts. , Am. Tel. and Tel. e 58 " Banking house, $252.000; furniture and fixtures, $15, 267.346.21 Total ‘of i P A ek Mipr cuny e " Real estate owned other than banking house- ) o g h T g e dnacofingend Lotima: guar. e banic T process of eotisstion dhst ) >+ 7| M CHituftaeit tomer o After you have opened, the thing to do is to § Capitat Fraction 11 Coohe b vaait wna amount die fFom ational barks. SEESIO| 1, pllem s i Aos.ri| continue making deposits, preferably at regular City_and Suburban i " Amount due from state banks, bankers and trust companies in oazsgo] " ireasurer and due from o > % 3 Seitoollin T 8 Sicreunitsaistatosioiharmicnaca i emAL B o 1 Coer el Wl poomi ] intervals. A convenient time is on Pay Day. ;:g: li!l::l{:‘; lill}h: o 3 C‘l\’ecksb on other banks In the_same s TOIAL" 4o ensnanncas i otomac Electric Power 65, ng ban ot She LIABILITIES. . . . Potome L, tal of items 9, 10, 11, 12 and 13. ... ... '$571,646.89 . il Checka.on baniks located ouisids of iy or town of report= . 1T damy w05y ek e Many depositors make a bargain with them Fee S el 656,34 | 15. Surplue tc > G e . Redomption Tund with U. 8. treasurer and dud fiom U5 I Sesetin B selves to deposit a specified sum every time they ts: accrued ... . 3,500.00 L. . < m. Gs. 16, Oth e rest sarned, but not collected 2247812 . e recéive their pay envelope. 'MISCELLANEOUS. Building repairs ....ecceeeeces 5,158.34 ¢ Tess current ex- BIES ety o anorty: $5,527,597.02 o ires paid. 54.02 o & - 3 WESasion Market oo, Total covevesesnenanaes G pld.___M% e When this is done, it is really surprising how b T R et LIABILITIES. 20 Qrealating notes outetanding. 144.105.00 2 > O e e Gapital stock paia in... S50000000 |7 AL itk oot . 80800 rapidly. the account grows, and before you know PUBLIC_UTILITIES. 18. Surplus fund ... Tioii 1000.00 322, Amount due to na inks . 3 3 7 o divided profits ....o $110, 23] Amount duve to state banks, e A Taactien 18 Dhesarvan o intarest and taxes a5 Bankers aha Toet compaaier it you have a snug sum in the bank which con Washington G OTURA ..cciveciasossvsanssosss ,032. - i s S 5 7 5 e b Reserved for bond depreciations.... 3,596.60 $138,842.93 mr:nlq“‘m m” (of 2; et tnbutCS tremendou_sly to your feelmg Of S(’C“flt_\ ——————— 13884292 | oy, Gertified checks outsianding.. 2,080.10 i 20. Circulating notes ouUtStanding......eseesecesseevos 196'500.00 | 35. Cashier's cheeks on own bask and mdependence. 21. Amoun: a’me :o fadfrfldrabuor‘zs bank (deferred credits) ‘gg,g:,gg ho;tl-t::d‘l‘-:n; R 7. 22. Amount due to nation: anks. Sessasassessressssesse ,931. o 154.45 i = 4 3 t due to state banks, ¥8 ‘and trust companies 485 : 35 Ao Bieed states .;.5) fovoin countries (other than tn: | PG The best time to open a savings account is oluded in items 21 or . ,083. serve W, 24. Certified checks outstanding. 8,448.60 e lasmgeet (1o RIGHT NO —TODAY DO IT NOW! 25. Cashier's checks on own bank gasssece 47,799.18 | 26. Ineh.“w epost 3 ! ® 322167496 Total of items 21, 23, 23, 24 ahd 35. $215,382.80 U peina e E : Demand deposits (ofher than bank dp bject to re- feun thin 30 days (other than : 3% Interest on Savin serve (denosits payable within 30 days): tor money ed) 1,285.00 0 In n 8s 26. Individual deposits subject to check. 3,410,416.74 | 30. Dividends unpaid . 12,330.50 i 30, Dividends unpaid .......... 2000000 | Total of demasd " d:posiés Continental Trust Total of demand deposits (other than bmzlg zee- m';é:;‘ 't m..mmm % S vt oty sublect o reserve, tem, 36, 3220y BT R 2o : o P Washington Lot Time deposits subject to reserve (payable after 30 daya, or Tiave Gipostis. wajecs, i be- i suhfect to 30 days’ or more notice, and postal savings): serve (payable - 90 days, 82. Certificates of deposit (other than for money borrowed)..... 287.405.67 o eul to days’ or 3 34, Other time deposits. 14411481 35. Postal savings deposits... e .o 4,055.62 Tol';'l:' at:moaflill’““. subject to reserve, items Treie 3 o ant sen e desesescrascrane A B . United States deposits (other t| ostal savings)_inciuding d ‘1 t ‘ y e war loan depoa’u loeo(nnt and 5 its of United States dis- an r us om an bursing officers 60,875.48 . $5,527,597.02 gmm fton remen’s . National Union . hi! lTn"%l Wi né on, ki ;flm INSURANCE. t b R T L e ot ond 18 e al tate t is true to e ow! g6 an eilet. S ek 5 CHAS. B. LYDDANE, Cashier. Subscribed and sworn to before me this 5th day of January, 1922, (Seal.) HELENA D. REED, Notary Public. Correct—Attest: AMS, ERT E. BERRY, ALEXANDER ERITTO! ‘WALTER A. BROWN, JOHEN H. CLAPP, MYHR COHEN, Wiy ENOWLES COOPETy mintbid e 15th and Penna. Ave. _‘3’:5,:;_% HOME SAVINGS BRANCHES CAPITAL AND SURPLUS asemn e e g0 ¢ 7th and Mass. Ave. $5,400,000.00 T 8th and H Sts. N.E. Safety Deposit Boxes® Cerrect—Atisnt 436 7th St. S W, $3.00 Per Year