Evening Star Newspaper, April 11, 1923, Page 28

~28 TV BARKDEPOSTS TOTAL S20716 Gainof $12,161,253 Between Calls—American Security’s Progress. BY L Official figure: A. FLEMIN! of the deposits of the banking institutions of Washing- ton at the close of business April 3. made in response to the call for a showing by the controller of the currency, proved to be the largest the record of the city— . an increase of $12,181 als of December 29, { ese figures fully uphold«Phe es- timates made when the call was sent out and correctly reflect the wonder- ful gain in the moneys held in the trust compantes and six all banks =atisfs two trust mpanies, two national’ banks and 1wo savings banks sustained mod- Toss ception: ment of u long- s dispute that was re- nsible for keeping n matter of 0,000 on_deposit for years, the 1 would hav n much larger. all ban itutions are forward with d strides as business and importance of the National Capital develops. J next months there will loss in depos] half of the year's perso and intangible have to be paid, the first half having been paid off in November. This will call for probably $5,000,000. Then, too, the Treasury Department is holding over $500.000,000 on deposits in the national bank depositories of the country ng in such condition through the fncome tax payments in Mareh that it has not needed to make drafts on the proceeds of the last Treasury fina i With s ords of in broken. idence of Banking Prosperity. urther evidence of banking pros- perfty is seen in three charts placed in position_in the rotunda of the American 1d Com- ! Dany this the ! Erowth of the largest trust company | in deposits 1541 to the past Trust marking in the city, 1922, from’ $1,000,000 to 00,000 the growth in assets from $1,000000 10 $30.000,000. and the increase in the tr department’s total business fi 1909 to 1822 of from $5,000,000 to $75, 000.000. Ratlway Common 70 5-8 to 66 3-& on the local in Raflway common. fluctuations in price and sularity to cause more or less doubt as to the value of the tion taken by the United S preme Court. when it virt tained the position of the lo in favor of the Potomac F er Company, by deciding that it had no jurisdiction in the case, Tu all but 320 shares »f stock were traded in—that ¢ conimon ck—most of the sales being of ten- re lots ,used to test the market. sale 0f 100 shar- 15 made. The first price w 0%, a little better than vesterday's close, and then gradually by fractions the de- cline carried” the price 69, 68, 67 and finally 663%. No one knows what the outcome of the problem the commission is facing on one side and the Potomac Electric company on the other will be. Busine: acumen would suggest a_compromise return bf the money to the consum- ers who have paid it might be par- tially made, but never in full The rest of the r and more or less uninteresting. preferred were firmly held. A few s of American Securty gnd Trust stock brought 324 to Potomae Consolidated 5s brought 97%. and Washington Gas 7 per cent notes 103. CASHIER SENTENCED TO SERVE 21 YEARS Penfleld, W;o_éle;;i Guilty to Seven Charges of Embezzle- ment, Sentenced. s slow The Ohio. pril 11.—One niences ever pro- judge in the | rict” was given | H. Penfield, former c of the pringfield (Ohio) National | Bank, e yesterday, following his plea of guilty to seven of nine counts of an indictment charging him with having embezzled nearly a million dollars of the institution's funds, Penfield, who was brought to Cin- cinnati for arraignment in United States district court, was sentenced by Judge Smith Hickenlooper to serve twenty-one years in federal penitentiary” at Atlanta, Ga., and to pay_the costs of his prosecution. In a confession to national bank exam- Iners the former cashier stated he ed the bank's money to speculate in ks and grai to a report of Albert Department of Justice expert, Penfield's losses from this speculation up to March 2, two days prior to his arrest, amounted to $794,000. Penfield will be taken to Atlanta in a few days. PLANES TO AID SEARCH FOR MISSING AUTOISTS Fear for Safety of Five Women and Nineteen Men Seeking Way Through Everglades. By the Associated Pres MIAMI, Fla, April 11.—Search for the nineteen men and five women be- lieved to be marooned or lost between here and Tampa in the everglades as a result of their attemr* to make the first motor trip throus . that reglon was to be taken up by air today. Meanwhile, motor officials were e couraged by’ the reports of yesterday that Indian runners brought infor. mation that the party, with thirty miles of bad lands ahead of it, was pushing on toward Miaml at the rate of one mile per day. Bridges are constantly being built by mem- bérs of the trall-blazers, the runners report, where it is necessary to span impassable marshes and swollen streams. MUST RETURN CARS. New Railroad Order Will Help Movement of Crops. All eastern railroads are reguired to return box cars of western roads to home lines without delay, under an order issued yesterday by the car service division of the American Rail- way Assoclation. after a conference attended by traflic and motive power officials of most of the principal eastern carriers. The arrangement is intended to forestall possible car shortage In the western crop move- ment during the summer and fall months and is part of a general pro- ram agreed upon by the American flway Association last week to pre- pare for heavy traflic this year. ettt TREASURY CERTIFICATES. (Quotations furnished by Redmond & Co.) ——Noon.—— Bia. " offer. 0%, 1 997132 991316 99 15-16 100 1-32 2% 2% 99 15-16 1001-82 1011-16 101 5-16 sputhern Augustu Rate—Maturity. 8 June 15, 1928.. 3 September 15, 1923 43. September 15, 1923 45" December 15, 1923. 4% ynren)gs,‘ag‘u. 848 June 15, ol e . "1925. .. be s March 15, 1928, s Scptember 15, i w 18, M2Taea er | 3 FINANCIAL. Washington Stock Exchange BALES. Potom eflfig;}: 5."' hll.m at 100, ¢ 90% Rwy.. & Elec, com—10 at 70%. 10 0 a 3, 10 at 704, 10 at 70, 10 at 0%, 100 at 69, 10 at 69, 10 at 68%, 10 88750 10 at 081, 10 at 6%, 10 at 84, 10 at 6734, 10 at 67, 10 at 67, 10 at 67, 10 at 67, 10 &% 67, 10 at 67, 10 at OF, 10 ai 67, 10 at ash. Rwy. | El rd.—10 at 74, 10 at 4%, 10 P > American Sec. & Trust Co.—1 at 324, 1 at 324, 1 at 324, 10 at 328, Continental Trust Cv, Z Mergepthaler Linotype—5 at 167. AFTER CALL. Potomac_Blectric cons. 5+—$1,000 at 97%. $1.000 at 974, 31,000 At 871, $3,000 at 9L Wash, Gas 7145—$100 at 103, $100 at 109, $100 at 103, $100 at 103, $100 af 103, Money—Call loaus, 5 and 6 per ceat. BONDS. Bid and Asked Prices. PUBLIC UTILITY. Bid. Asked. American Tel. & Telgs o American Tel. | Telga. Amer. Tel. & Tel. ct Am. Tel. & Tel. conv Anacostia & Potomac bs. Anacostin & Potomae guar. Bs. & P, Telephone 5 & P. Telephone of ‘apital Traction R. R Georgetown Gas 1st bs. Metropolitan R. R. 5. Potoma Potomac Potoms t & Mt gton Gas Washington Gas 7% Wash. Rwy, & Elec. 45 . Wash, Rwy. & Elee, g. m. 6s. MISCELLANEOUS. D. C. Paper Mfg. 6s. Riggs Realty ow (lon Riggs Realty bs (shor: . Storage & Safe Dep. 6. Wah. Mkt. Cold Storage b Wardman Park Hotel 6s.. STOCKS. PUBLIC UTILITY. American Tel. & Capitai Traction Washing Norfolk & Wi Wash. Rwy. & Wash, Rwy. & Alex Terminal Tuxi pfd. NATIONAL BANK. Capital Columbia ‘ommercl District Farmers 3 al-American iberty Lincoln 2. 70 Xational Metropolitan. Riggs . Second National Bank of Washingto TRUST COMPAN American Sec. & Trust. Continental Trust Merchants' Bank. : National Savings and Trust Unfon Trus Wash. Loan & Trust . SAVINGS BANK. and Savings.. nited State nington Mechanics : FIRE INSURANCE. American Corcoran Firemen's 2000 Natlonal Usion.. MISCELLANEOQUS. Columbia Graphophone com. Columbis Graphophone pf¢ Mergenthaler Linotype 01d Dutch Market com 014 Dutch Market pfd. Lanston Monotype. Security ~ Storage.. Washington Marke Yellow Cab *Ex dividesd e e SHORT-TERM SECURITIES, (Quotatious furnished by Redmond & Co.) Alnminum Co. o2 Amer. Aluminum Co. of Ame American American American American Anglo-American OIl 7 Armour & Co. T Hell Tel, of Canada 7w 1925, s 192 C Chicago Tel: Du Pont 73! Goodyenr T. & R, . 7igs 193 Penna. R. R. 7« 1030, Paul Union Depot rs, Roebuck & Co. Standard Oll of Calif. 7 Tidewster Oil 638 1831 Union Tank Car 78 1930. Western Union 8145 1936. W *Called April 28, 1923, tCalled July 2, 1923. 1931 REPORT OF THE CONDITION OF TH E Departmental Bank ‘Washington, in the District of Columbia, at the close of business April 3, 1028, RESOURCES. and dis- including rediscunts, & c- ceptances of other bhanks, and forelgn bills 'of exchange or drafts, sold with indorsement of this bank (except those shown i b and ¢ . 3 Total loans .. Yy niture and fixtures, $7,399.08. 120,187.42 . Cash in vault and amount due from national banks ..... ... 2561143 Exchanges for clearing T2 “hecks on hanks located outsi of city or town of reporting bank and other cash items . Other assets ... Total .. LIABILITIES. Capital stock paid in . . Surpius fund . Undivided profits 2 Reserved for 1 taxes paid Cashier's checks outstanding. Total of items 23 and 24 $576. Demand deposit bank | deposits). payable within e . TRl deposits’ oaliect to check . Dividends ‘unpaid Total of demand deposits (other than bank deposita), | u z £ Time deposits after 30 days, or sul 't to 30 days' or” more notice) and postal savings: . Certificates of deposit (other ollun for money ‘horrowed) . Other time deposits = Total of xgu"fiepwm jigmg 444058.00 88. Bills payable (including mfl‘- go ion: representing money rrowed other than redis- counts) .. ve . Liabllities *'other " than g above stated ...... 1.431.41 -$860,801.78 Total District of Columblia, City of Washingts : 1, MARSHALL 0. EX;XCIOC I?’;f“lbc bove-named bank, solemnly swear that the above statement s true to the best of my knowledge and bellet. [ARSHALL 0. EXNICIOS, Cashier. qaSebscribed and sworn to before e this 10th ay of April, 1923, {8eal.)’ = MAY LOU. H. BYINGTON, Notary. Publle. Correct—Attest: e 8,324.48 THE EVENING STAR, WASHINGTON, D. C, WEDNESDAY, APRIL 11, 1923. RUDE OIL PRICES CUT IN PITTSBURGH Important Reductions Posted at Opening of Today’ Market. By the Assoclated Pres PITTSBURGH, Pa, April 11—Im- portant” reductions, in the price of crude oil were announced here at the opening of the market today, the fol- lowing new prices being posted: New York, Transit Company and Bradford district, in National Transit lines, $4 a barrel, a reduction of 325 cents; Pennsylvanla grade, in Ni tional Transit lines, in Southwest Penn lines, in Eureka pipe lines and in Buckeye pipe lines, $3.75, a reduc- tion of 25 cents; Corning, $2.15, a re- duction of 15 cents; Cabell, $2.41, and Somerset, $2.20, a reduction of 36 cents. Ragland was unchanged at $1.10. SUGAR PRICES AGAIN SCORE NEW HIGH Sale of 4,000 Tons to Canadian Im- porters Cause of Still Fur- ther Advance. Special Dispatch to The Star. NEW YORK, April 11.—A sale of 4,000 tons of Cuban raw sugar to Ca- nadian importers for May shipment at 5.85 centy a pound, f. 0. b. Cuba, & new high record price for more than two years, was reported today. This price is equivalent to 6 cents a pound, cost and freight, New York. Previous sales on a ‘“‘cost-and-freight New York" basis were at the rate of 5% cents a pound. STILL HIGHER WAGES EXPECTED IN WEST All Lines of Industry Likely to Follow Action Taken by Steel Corporation. Special Dispateh to The Star. CHICAGO, April 11.—Higher wages ‘in ‘all lines of industry in the mid- dle west are expected to follow the action of the United States Steel Corporation in raising pay of its em- ployes, according to John M. Glenn, secretary of the Illinols Manufac- turers’ Association. The steel wage advance will add about $17,000 weekly to the mill pay rolls here. A slight increase in pro- duction is forecast nmext week, with the leading interests operating at §4 per cent of capacity and the lead- ing independents at from 75 to 80. CHURCH HEAD MADE RAILROAD DIRECT ALT LAKE CITY, Utah, April 11— Election of Heber J. Grant, president of the Mormon Church, as a director of the Unfon Pacific railroad at the an- nual stockholders' meeting here yes- terday was the only change made in the directorate of the road. He suc- ceeds the late William G. Rockefeller. ERIE HAS DEFICIT. SW_YORK, April 11.—A deficit of $3,132,770 after all charges, including payment of $1,500,000 in dividends on the preferred stock, is disclosed in the annual report of the Erle Rallroad Company for. 1922, made public at the close of the annual stockholders' meet- ing. All directors were re-elected. The company showed a net income of 694,425 in 1921, DIVIDENDS. 20 20 4 5 Q1 20 rp..Q 2 4 Tem. Typw. 1st prQ $5.25 Apr. 23 Standard Gas & Elec. 62c June 30 COMMODITY NEY'S . WIRED STAR FROM ENTIRE COUNTRY ATLANTA, April 11.—Extremely heavy use of fertilizers is being made today in the regions of the south damaged by recent freezes and which have been replanted by truck growers and melon raisers. SAN PEDRO, Calif., April 11.—Call fornla’s oil production, which ha: reached 705,000 barrels a day recent- 1y, I8 expected to fall off about 50,000 barrels a day this week because of lack of adequate transportation fa- cllities and tank storage space. PHILADELPHIA, April 11.—Repre- sentatives of gas companies from Pennsylvania, New Jersey, Delaware, Maryland and West Virginia gather- ed today and .discussed the costs of production and the problems of meet- ing growing demand. BARTLESVILLE, Okla., April 11.— The Bartlesville smelter has posted a notice of a 10 per cent increase of (rages, which will affect 600 workers ere. DETROIT, April 11.—The truck business is looking up today. Sales for the first quarter by the truck di- vislon of the General Motor Corpora- tion were nearly 100 per cent over | those of the first three months of | 1922. The Federal Motor Truck Com- pany has a trainload of thirty-eight cars on the way to New England. MINNEAPOLIS, April 11.—Fees from state motor vehicle licenges th year are expected to exceed $6,000, 000. Receipts received from the 324, 652 llcenses issued 8o far total $5,284, 615, and dealers report that sales o cars have been unusually heavy this | month. OSHKOSH, Wis, April 11L.—The | plant of the Diamond Match Company ! here has been sold to the Wisconsin | Match Corporation. i FORT WORTH, Avpril 11.—Profes- | slonal hunters employed by the fed- eral government have practically ' cleared many of the big ranches of | wolves this spring, and the erection | of wolfproof fences will prevent their return. This is enabling sheep | growers to turn their flocks on the | range with safety. H PITTSBURGH, April 11.—Premium prices are making the market today | in sheet steel. Galvanized is quoted | at 5.25 to 5.50, blue annealed at 233 | and black at 4 cents. { SHARON, Pa. April 11.—The Penn- sylvania Tank Company is operating in full today. with prospects good for & continuous run to July 1 at least The petroleum iron works company has ninety days' business on its books. PHILADELPHIA, April 11.—There is no evidence today of an inclina- tion to lay in next winter’'s coal now among consumers here. Buyers ap- parently are awaiting concessions from the anthracite operators, and the market Is dull. BISMARCK, N. D.. April 11.—Abol- ishment of a switching charge for transfer of freight between the Great Northern and Soo lines obtained by farm organizations has re- sulted in a reduction of 10 cents a ton in the laid-down price of Dakota lignite coal in this section. EX-DIVIDEND TABLE. April 13— Amerfcan Cigar, q. Associated Dry ‘Art Metal Construct., q British Empire Steel pf..'q i R, H. Macy pf., Q. Packard Motor Cai Simmons_Co. L., Q. April 16— Atlantic_ Refining p. in_Nichols pf., q. 17, 01 e R 233 8333 & Mullins Body pf..’ 4. Bterling Products, q April 15— FEAR WAGES WILL CHECK BUILDING Colorado Industrial Commissioners Warn of Promiscuous Pay Increases. Special Dispatch to The Star. . DENVER, April 11.—In granting $1 a day wage increase to sheet metal workers, “not because it is warranted, but because other bullding trades have been given similar raises,” the Colo- rado industrial commission today ex- pressed the fear that promiscuous wage Increases in conjunction with high clost of materials will “result in a marked decrease in building oper- ations and bring about serious unem- ployment.” Advances averaging $1 a day are to Ko into effect in practically all the bullding trades on May 1. The build- ing program here so far this year is approximately $1,600,000 ahead of that of last year, when all previous rec- ords were broken. Morgan, Livermore & Co. Members New York Stock Exchange 823 15th St. N.W. and Wardman Park Hotel Advisory Board: N. L. BANSBURY, ‘LIBERTY SALE PUT OFF. DETROIT, April 11.—Sale of the Liberty Motor Car Company, now in the hands of a recelver, again was postponed yesterday, wh Blader qualifisd. Tho saie way set Tor April 24. The prospective bidder yes- terday was Henry B. Joy, representing a syndicate sald to be planning re- organization of the concern. —_— From the Boston Transeript. Bix—That's a fine lot of books you have. Why don't you get a case for them? Dix—I would if I could get one the same way I got the books. Have You got & bookcase to lend? BEPORT OF THE CONDITION Of the EAST WASHINGTON SAVINGS BANK OF WASHINGTON, D, C.. At Washiugton, in the District of Columbis, at the close of business April 3, 1023. RESOURCES. 1. a Loans .. . $711,180. b Acceptances ot other banks dis- counted .. 16,000.00 Total loans ... government 5. Other bond atocks, securit ete. 6. Banking house, $21,194.79: fllr!lé;u" and fixture: $127,180.35 T1,417.94 240,676.00 securities 25,000.00 40.615.78 3,088,08 10. Cash in vault and ‘smount due from national banks ...... 12, Exchange for clearing house. . Total of items 10 and 12 ... seve.. $48,708.81 Total ..... -$1,107,978.00 LIARILITIES. 17. Capital stock paid fn. $100.000.00 18. Surplus fund . X | 19. Undividea profits.. $30,410.33 ¢ Less current ex- penses, interest and taxes paid Time deposits (payable after 30 _days, or subject to 30 _days’ “or more notice) and postal savings: 83. Other time deposits Total of time depos- its, item 33, $013,942.05 Total . District of Colt 1. CHARLES A. 3 the' above bank, solemnly swear that the above statement s true to the best of my knowledge and_belief. CHARLES A. McCARTHY, Treasurer. Subscribed and sworn to before' me this 10th day_of April, 1923 (Seal.) CLARENCE F. DONOHOE, Notary Pubile, D.'C. Correct—Attes| W. A. Lyuch. W. Be James A. Donohoe, P, C. Hazen, Payse, Jr. $30,419.33 16.383.38 14,035.95 Lewis Flemer, M. A. Lynch, Trust Vice President Distriot National Bank, Washington, D. C. CHARLES F. AYER, Boston, Mass. Director, Old Colony Trust Company. Director, Columblan National surance Compeny. Life In- Directer, New England Telegraph & Tele- phone Co. HENRY R. BARRETT, Plans, N. Y. Attorney, White Treasurer. ‘Lawyers Westohoster Mort- gage & Title Co. Director, Citizens Bank, White Plains. Director, Homs Bavings Bask, White Plains. ¥. A. DRURY, Worcester, Mass: Preside: , Merchants National Bank. Director, Bancroft Realty Company. ANORY ELIOT, Boston, Mass. Idalo Power Df., Q. Y Ap: Loose-Wiles Riscuit 24 pf. accum First Mortgage Loans Lowest Rates of Interest and Commission. Prompt Actien Thomas J. I;Llhlg‘ & Company, the, CONSOLIDATED REPORT OF CONDITION the RIGGS NATIONAL BANK Washington, in ¢he District of Columbia, at the close of business on - April 8, 1923, RESOURCES. a Loans and discounts, including rediscounts, acceptances of other banks and foreign bills of exchange or drafts sold with indorsement of this bank (except those shown in b and ¢)$16,095,714.55 Total loans . . U. S. government securities owne & Deposited to secure circulation (U. 8. bonds, par value, $100.000).. b All other United States governm. (including premiums, if any)... . Other bonds, stocks, securities, etc..... ent securities - $98,000.00 $5.746,899.19 5,844,899.19 3,846,084.64 . Banking house, $708,689.21; furniture building accounts, $724,055.71... . Real estate owned other than banking house. . Lawful reserve with federal reserve bank. . Items with federal reserve bank in process of collection. Cash in vault and amount due from national bank; 1,463,114.00 70,652.23 2,112/910.14 739,241.73 1,931,814.55 Amount duo from state banks, bankers and trust companies in the United States (other than included in items 8, 9 and 10) Exchanges for clearing house.. Checks on other banks in the same city ‘or ing bank (other than item 12).... Total of items 9, 10, 11, 12 and 13 201,084.64 . L 501,690.40 town as report- - 128,095.87 . $3,501,927.19 a Checks and drafts on banks (including fed- eral reserve bank) located outside of city ’ or town of reporting bank b Miscellaneous cash items. Redemption fund with U. S. treasurer and due from U. S. treasurer . . Other assets . Total ..... % e N £$16,095,714. Overdrafts, secured, $1,845.71; unsecured, $13,945.25. 15.790.96 $74,910.9¢4 8,091.70 83,002.64 5,000.00 225,535.61 cesccescecssnas $33,264,531.15 LIABILITIES. Capital stock pald in . Surplus fund .. . Undivided profits .... " a Reserved for interest and taxes ac- crued . b Reserved ¢ Less current expenses, interest and taxes pald . Circulating notes outstanding. Amount de to federal reserve Amount due to national banks.. bank (deferred credits)..... . 5 « $1,000,000.00 .s 2,000,000.00 . $612,283.04 89,719.05 $725,964.92 9,269.00 716,695.92 100,000.00 289,853.24 1,297,284.50 ‘Amount due to state banks, bankers and trust companies in the United States and foreign countries (other than in- cluded in items 21 or 22).... Certified checks outstanding.... Cashier's checks outstanding..... Total of items 21, 22, 23, 24 and 25. 2,191,923.19 24,026.42 . - 81,662.82 . $8,884,750.17 Demand deposits (other than bank deposits) subject to re- serve (deposits payable within 30 days) . Individual deposits subjeot to check Certificates of dcposit due In less thi for money borrowed).......... Dividends unpald Otber demand deposits (trust departmdut, 18,028,348.72 68,147.34 130,736.22 13,619.73 FEXICAT I Total of demand deposits (other than bank deposits) subject to reserve, items 26, 27, 28, 29, 30 and 31. $18,240,852.01 l | Time aeposits subject to Teserve (payable after 30 days, or subject to 30 day: Certificates of deposit (other than Other time deposit: . Postal savings deposits. Total of time items 32, 33, 34 and 36 United-States deposits (oth ‘war loan deposit account and deposits of United States disbursing officers . 39. Bflll‘ payable (including all ol 41, 4“4 borrowed other than rediscounts) Letters of credit and travelers' che outstanding Total . Distriet of Columbli: 1, deposits subject to reserve, Lisbilities other than those above stated city of Washington, s or more notice, and-postal savings). for money borrowed). 492,107.8' 7 3,658,669.78 139,935.54 $4,190,713.19 s), inciuding . 3,083,240.23 1,000,000.00 'ROBERT V. FLEMING, cashier of the above-named bank, do solemnly swear that the above statement is true to the best of my knowledge and belief. ROBERT V. FLEMING, Cashier. Subscribed and sworn to before me this 9th day of April, 1923. eal. i &nm—Attnt: CHAS. C. GLOVER, M. E. AILES, ‘WM. J. FLATHER, . CHAS. C, GLOVER, Jr., ‘WM. H. DORSEY, Notary Public, D. C. H. ROZIER DULANY, L. E. JEFFRIES, JULIUS GARFINKLE, HARRY F. CLARK, L. KEMP DUVAL, FRANK J. HOGAN. - Directors, _ 1 40,784.72 7,494.91 $33,264,531.15 Chairman Board of Directers, Webster & Atlas Nationsl Baok. Trustes, Buffolk Savings Bank. for Bea- men and Others. Trustes, Eliot Street Trust. Puritan ¥. MURBAY FORBES, Cabot, Cabet & Forbes, Boston, Mass. Directer, State Street Trust Company. Trustes, Suffolk Savings Bank for Bea- men and Others. HON. HAROLD J. GROSS. Providence. R I Lieut.-Gevernor, Stats of Rhode Island. BALTIMORE 2 East Lexington Street Director and Member Exetutive Commit- tes, Industrial Trust Company. Vice-President, Union Trust Company. Directer, Titls Guarantee Compeny. HOWARD F. HANSELL, JR., Frusler & Company, Bankers, Philadelphia, Pa. Director, Penn Central Light & Power Company. Director, Hale & Kilburn Corporation. FLORRIMON M. HOWE, Providence, R. I. Vice-President, Industrial Trust Company. Director, Providence Gas Company. C. STANLEY HURLBUT. Grabam & Gilfllan, Attorneys, Phila- deiphis, Pa. STUART 8. JANNEY. Jamney, Btusrt & Ober, ‘Baltimore, Md. Directer, Title Gusranty and Trust Com- pany. HON. AUGUSTUS P. LORING, Atterney, Boston, Mass. President and Trustee, and deals mortgages Attorneys, Buffolk Savings Bank for Seamen and Others. Director, Massachusetts Hospital Life Ia- surance Company. BOSTON National Union Bank Building FINANCIAL. RDYORT OF CONDITION LINCOLN NATIONAL BANK Washington, in the District of Columbia, at the close of business om April 3, 1923. RESOURCES. $3,965,174.40 . Total loans. 85.04 . Overdrafts, unsecured, $88.04 . U. 8. government lecurlllles owned: a Deposited to secure circulation (U. par value) cames . $120,000.00 b All other Unit government securities (Including premiums, If any. . 04.50 S. bonds . Other bonds, stocks, securities, etc . Banking house, $114,420; furniture and fixtures, $9, . Real estate owned other than banking house. | Lawful reserve with federal reserve bank Cash in vault and amount due from national bank: . Amount due from state banks, bankers and trust companles in the United States (other than included in items 8, 9 and 10) Exchanges for clearing house Gt . Checks on other banks in the same city or town as reporting bank (other than item 12) R $589,760.71 104,982.95 97,162.45 32,7525 Total of items 8, 10, 11, 12 and 13 b Miscellaneous cash items, $100... 100.00 . Redemption fund with U. treasurer and treasurer ... = 6,000.00 ..$6,728,615.93 $300,000.00 . Capit: o : £ o ‘apital etock paid in : gl Surplus fund ........ Undivided profits 3 $206,211.48 a Reserved for interest 30,000.00 —— $236,211.48 ¢ Less current expenses, interest and taxes paid. 22,807.79 and taxes ac- 213.403.69 116,500.00 . Circulating notes outstanding. 8 s . Amount due to federal reserve . Amount due to national banks. 5 . Amount due to state banks, bankers and trust compa: the United States and foreign countries (other than included in items 21 or 22). . Certified checks outstanding . Cashier's checks outstanding. 5 5 Total of items 21, 22, 23, 24 and 2 $225,890.63 Demand deposits (other than bank deposits) subject to re- serve (deposits payable within 30 days: . Individual deposits subject to check.. . $2,098.086.57 . Certificates of deposit due in less than thirty days (other than for money borrowed) 5 Dividends unpaid... Total of demand dep posits) subject to reserve, items 26, 27, 28, 29 30 and 31. $2,112,112.6 Time deposits. payable after 30 d: or subject to 30 days’ or more notice, and postal saving 34. Other time deposits Total of time deposits subject to reserve, items 32, 33, 34 and 35 s $3,360,409.09 39. Bills payable (including all obligations representing money borrowed other.than rediscounts) . 44. Liabilities other than those above stated. £ .$6,728,515.98 13,870.00 136,00 . 3,360,40 100,000.00 200.00 ‘Washington, District of Columbia, s I, ALBERT S. GATLEY, vice president, cashier of the above-named bank, do solemnly swear that the above statement is true to the best of my knowledge and bellef. ALBERT S. GATLEY, Vice Pres., Cashler. Subscribed and sworn to before this 9th day of April. 1923 (Seal.) JAMES A. SOPER, Notary Public, D. C Correct—Attest: TAYLOR WADE, H. R. NORTON. G PETER LATTERNER, ROY W. HERRON, Directors. FLOYD E. DAVIS, MorTcace CORPORATION 50 East 42nd Street NEW YORK CITY PHILADELPHIA 509-11 West End Trust Building PROVIDENCE 303 Turks Head Building ‘WASHINGTON 1418 Eye Street THIS CORPORATION buys, sells in first mortgages on im- proved, income-producing real estate. We will receive applications for such in any of the large Eastern cities, either on buildings now erected, in process of erection, or which may be contemplated. Address all applications to Executive Offices GUY LOWELL, Architeot, New York sud Boston. Architect for New Yark House. City “Court EMBURY MoLEAN, New York City, Treasurer, The Engineer Compeny. WILLIAM RHINELANDER STEWART, JR., New York Oity. Vice-President, Jobn O. Paige Company. Diregtor, Hamilton Fish & Co., Inc, T. ROWLAND THOMAS. Baltimore, Md. President, National Bank of Baltimore. Board of Directors, National Chairman, JULIAN GERARD, Mortgage Company of Baltimere, HAROLD WESSON, Springfield, Mass. President, Bmith & Wessen Arms Com- pany. . Director, Chicopes Natiomal Beak. ALEXANDER WHITESIDE, Attoriey. ‘Boston, Mass: 3 OSCAR L. GUBELMAN, Knauth, Nachod & Kuhne, Bankers, New York. W. B. RANDALL, Director, Coal & Iron National Bank, New York. HON. WILLIAM L, RANSOM, Vice-President and Member of Beard of Managers, Boston Provident Associa- tion. Director, National Union Bank. J. SUMNER DRAPER President President, National American Bank, New York. ‘Whitman, Ottinger & Ransom, Attorneys, New York. Transfer Agent: OFFICERS AND DIRECTORS: MARK TEMPLE DOWLING Vice President and Treasurer DONALD W. BROWN Secretary F. HIGHLANDS BURNS, Prosident, Maryland Oasualty Co., Baltimore, FRANK PRESBREY, Trustes, The Bowery Savings Baank, New York. WILLIAM A. TUCKER, Tucker, Antheny & Compeny, Bankers, New York. THOMAS J. WATSON, President, Computing-Tabulating-Recording Company, New York. Registrar: < Security Transfer & Registrar Co., New York National American Bank of New York