Evening Star Newspaper, January 16, 1931, Page 13

FINANCIAL. TALIAFERRO NAMED| T0 SUCCEED HOGAN Riggs Bank Elects New Trust . Officer—Other Institu- : tions Organize. BY EDWARD C. STONE. Sidney F. Taliaferro was elected trust officer of the Riggs National Bank at | the annual ,:n:nlz.‘,nufin meeting late yesterday, Fran! an resignin the position on ac- % S count of pressure Dractice s Hogan . Mr. Hogan Was re-elected gen- eral counsel and ‘William H. Donavan was elected assist- ant general counsel. Taliaferro, the new trust officer, is one of the vice presidents of the bank and & former District family election of Ray- mond G. Marx to l-be newly created position of controller, belnimccaeded as auditor by R. Earle George W. Hutchinson, secre- u.ryof the National Geographic Society, was elected a member of the Advisory Board of the branches. The other officers, who were re- elected, include Charles Glover, chairman of the board: Charles C. Glover, jr., vice chairman; Robert V. Pleming, president; William J. Flather, president; Avon M. Nevius, vice president; George O. Vass, vice presi- dent and cashier; H. G. Hoskinson, vice president; Sidney F. Taliaferro, vice ident and trust officer; Earle M. ick, F. G. Burrough, Nelson B. O'Neal, 1. J. Roberts, B. Gynn Dent, George P. Rainey and Hulbert T. Bisseile, assistant cashiers; George M. McKee, assistant trust officer, and Brooks, assistant trust Officers in charge of the various iches are: Farmers & Mechanics’, Harry L. Selby, assistant cashier and manager; Harold W. Burnside, assistant cashier and assistant manager; Park Road, Carl H. Donch, assistant cashier and manager; Joseph A. Keene, assist- ant manager; Northwest, Gregg C. assistant cashier and manager; Charles G. Hubbard, assistant manager: Dupont Circle, Ralph R. De Prez, assist- ant cashier and manager; Louis E. dJefIries, jr., assistant manager; Seventh Street, ard 1. Boudren, assistant cashier and manager; Friendship, W. Hmund Freeman, assistant cashier and The advisory board for branches was Te-elected as follows: James M. Beall . Beall, J. McKenney Berry, G C. Birdsall, Arthur Carr, Charles fim, Charles H. Cragin, Joseph H ford, Herbert L. Davis, William H Donovan, Henry W. Fisher, Robert V. , Charles C. Glover, jr.; William ©. Gwynn, H. G. Hoskinson, LeRo; y O. King, Jueph H. Lee, William C. Mil- Frank P. Morse, Avon M. Nevius, G. L. Nicolson, Nelson B. O'Neai, Sidney F. Taliaferro. A. Wilmer and Raymond J. Wise. Land Bank Elects Officers. George A. Harris was re-elected presi- dent of the Potomac Joint Steck uu Bank at the organization meeting of the directors late yesterday, John L Cassedy was re-elected vice dent and Vernor Gowin, vice president and Secretary-treasurer. The fimancial statement presented to the board showed increase in earnings for the six-month period ended De- cember 31. The usual semi-annual div- ddend of 31: per cent was declared p-y-bu February 1. Thn mnk- u W of 7 per cent for the tzom July 1, 1925, to dnu. ot !Mo 405 from net earnings paid to stockholders. The capital sccount of the bank is now in_excess of $636,000. Mr. Harris reported on agricults conditions in Maryland and Vi and stated that, taking into col =t tion the abnormal times during the past | yul;'. the loans of the bank stood up Wel ¢ Mr. Harris, when made pruldmt of the bank, was treasurer of the Feds Land Bank of Baltimore, and has been actively associated with the farm loan system since 1917. Loan Association Elects. annual meeting of the stock- holdefl of the Chevy Chase Building | and Loan Association was held at the ! office of the association at 6718 Wis- | consin avenue, Chevy Chase, Md4. i ‘This association is probably the | ngest of the financial institutions or around Washington, having been organized about 18 months ago. The |’ reports submitted by the prts;!:n! Ed- ward H. Jones, and the treasurer, J. Horace Smithey, showed substantial mfii and the affairs of the associa- in excellent condition. There are 400 members and the assets amount to $76,200. ‘The following board of directors was elected: Edward H. Jones, Fred A. Schmidt, Sidney C. Cousins, J. Horace Smithey, R. W. Eisinger, M. Rea Shafer, Clyde E. Culp, Willlam L. Orem, jr.; John F. Preston, Paul 1. Payne, A. C. Christie, Diller B. Groff, John 8.| PBarker, Charles E. Galliher, Ralph Scott and Fred E. Shoemaker. Other Bank Elections Held. Columbia National Bank officers were re-clected, as follows: Frank J. Stryker, president: L. Whiting Estes, vice presi- gent; Robert H. Lacey, cashier; Albert ‘Yeatman, assistant cashier, and Wal- ter B. Guy, attorney. Lincoln National Bank officers were re-clected—Floyd E. Davis, Yres\dent‘ Albert S. Gatley, executive vice presi- dent: James A. Soper, vice president and cashier; H. T. Offterdinger, vice presi- dent; J. Everett Baird, J. Frank Rice, Robert E. Lee, Richard A. Norris, D. Hammond Wetzel and Floyd S. Davis, assistant cashiers; George Prancis Wil- Hams, general counsel and trust officer; J. Frank Rice, assistant trust officer: W. W. Millan, associate counsel. and Melvin C. Hazen, secretary of the board. Commercial National Bank officers were re-elected, as follows: Wade H. Cooper, president; James B. Reynolds, James H. Baden, Laurence A. Slaughter and Wllur J. Harrison, vice presidents; Robert A. Cissel, controller; rick H. Cox, cashier; Herbert V. Hunt, T. Biackwell Smith, Alexander R. Varela, M. P. Showalter, R. Jesse Chaney, Nathan B. Scott, 2d. and Mary J. Win- free, assistant cashiers; Ralph D. Quin- ter, trust officer; Bates Warren, general counsel, and Hayden Johnson, attorney. National Capital Bank officers were as follows: H. H. McKee, ; 8. ‘Walker, vice president; . W. P. C. Hazen, vice president; H.C. Stewart, cashier, and J. S. Ridgely, assistant cashier, Directors of United States Savings Bank have re-elected former officers, as follows: Wn!e H. prsldem Gnv-l Company Enlarges Board. * ool were added io "the ‘boara were T the Columbia Sand & Gravel Co., e m in Alexandria. Direc~ rem are Clyde B. Anler, . V. , C. C. Glover, 3! H CL 0. wuwn R. Mn ot the Atlantic m.mmmu THE EVENING STAR, WASHINGTON, D. C, NEW YORK STOCK EXCHANGE Received by Private Wire Direct to The Star Office. llflh 87% Air Reduction 2\4 % Alax Rubber.. 414 Alaska Juneau(40c. 35% 5% Alleghenv Corp. . 10715 86% Alleg Cp 330 ww 53 . 99% 37ls Alleg Cp $40 ww 6% . 843 170% Allied Ch & Dye(n6). 120% Allied Ch & D of (7). 81% Allls Chalmers (3) % Amal Leathe: 16% Amerada Corp (2)... Am Agri Ch of Conn. 45% Am Bank Note (13).. 8 Am Beet Sugar pf... 30 Am BrSioe (2.40).. 118 AmBrSh&F pf (7) 6% Am Brown Bov Elec. 104% Am Can (15). 244 Am Car & Fdy (6)... 27 Am Chain (3). 35 Am Chicle (t3) 15% Am Colortype (2.40). Am Encaustie (1). H Sulrmond 8 8.2 5 1900510 110 D 1 10 e 10 R0 1% Am Hide & Leather 46% Am Home Pr (4.30).. 16 Am Internatl (2) % Am La Fr & Foamite 18% Am Locomotive (2). 20% Am Mch & Fdy 1.40.. 3 AmMach & Metals. . 20 Am Nat Gasof (7) 364 Am Pow & Lt ($1)... 74% Am P & L pf A st (5) 15 Am Rad&Std San(1) 28 Am Roll Ml (n2). 5214 Am Safetv Razor (5) % Am Ship & Com. .. 85 Am Shipbuilding (6) 8715 Am Sm & Ref (4). . 93% Am Sm&R 2d pf (8). 0 Rk Am Sugar Ref pl(" . Am Sumatra Tob, 130% 99% Am Tobacco B 120 Am Tobacco pf (6) Anaconda Cop (2%) 2; Anchor Cap (2.40)... 14 Archer-Dan-M (2).. 60 Armour of Del pf (1) 2% Armourof Ill (A)... 1% Armour of Il (B).. 26% Armour cf Iil of (7). 3% Arnold Constable 20 Asso Appl Ind (4). 168 Atch To & 8 Fe (10), 100 Atch To & 8 F pf 5). 95% Atl Coast Line (110) 16% At Refining (12). 42 Atlas Powder (4) 97 Atlas Powder pf l.). 2% Atlas Tack.. . 603 Auburn Auto (£4). 7% Autosales.. 2% Aviation Corp of ‘Del 19% Baldwin Loco (1% ). 84 Baldwin Loco pf (T). 56% Balro & Ohlo (T).... 108 Bamberger pf (63%). 106% Bang & Aroos pf (1). 58 Barker Bros pf (6%) 8% Barnsdall (A) (1. 6% B NBY“D"“I. dix Aviation (1). &Cod).. l'lk Bethlehem Steel 112% Bethlehem St pf (7). 16% Bohn Alum&Br(1%) 60% Borden Co (k3) 15 Borg, Warner ( 12% Briggs Mfg(11.62 15% Briggs & Strat (2) 38+ Brockway Mot pf ‘88 Bklym-Man Tr pf 10 'nll-l.lk-col 5% Bruns Ter & Ry 1% luuyru- LT 21 Bu v of (3% 3 Buaa (BG) Mf 6% Budd Wheal (1 9% Bullard Co.... 8% Bulova Watch (3 18% Burr Add Mach 11%. 1% Butte Copper & Zinc. 38 Byers (A M). 41% Calif Packing (4)... % Callahan Zinec & L4, 28% Calumet & Artzona amBane. Y919 o= 3 69 0% 504 26% k3 o8% 0% 33% 81% 43 16% 145% 7“4 43 - = #® RN LTS :'.=. ¥ oy 2915 Capital Adminpf A 83% Casetd 1) ¢8).. .. 22 Caterpiliar Trac(t 3 Celotex Co... BeBanrn de Pas Cop (2). tain-teed Prod. 1% Checker Cab (1.80) « NENBAROARNS A DR % Chic& Alton ... % Chic & Alton pf. .. 3 Chl& Alton pf ctfs 4% Chic Great Western. 12 Chicago Great Wn pf 4% Chic Ml St P & Pac. 7% Chic M1l St P& P of. 28% Chi & Northwn (4).. 7% Chic Pneu Tool. ... 10% Chickasha Cotton Of1 14% Chrysler Corp (1)... 32% City lce & F' (k3.60). 2% City Stores. lfllh 133% Coca-Cola (8). 84 Coca-Cola A (3). 44 Colgate-Pal-P fl*)- 12 Collins & Alkman. .. 18% Col Fuel & Iron (1).. 30% Col Gas & Kl (2). 99 Co! G 7% Col Graphoph (a 65% Columbian Car! 76% Comm Cred 1st (.%) 21% Com In Tr (g1.60). 14 Comm Soivents (31) 7 Comwith & So (60c). 8615 Comwlth & So pf +8) 31 Conde Nast Pub fl)- Zongoleum-Nair: Consol Cig pr pf '\fi 100- % Consol Film (2). 12», Consol Film pt (3) 78% Consol NYW).. 99% Cons Gas N ¥ ot (5). 30 Cons RR Cub pf (I). % Consol Textlle. 54 Container A (1.30) 16% Contl Baking A 2 Contl Baking B. 43'4 ‘ontl Can (2% 9% Contl Dia Fibre (1 87% Contl Insur (2.40). 214 Contl Motors 7% Contl Oil of Del. 83 Contl Snares (1) 65 Corn Prod (13%4).... T4 Coty Inc 25% Cream of Wht (12%) 81 Cr Cork & Seal 2.40 - anSupnte 23 Cuba Co 25 % Cuban Dom Sugar... 384 Cudahy Packing (4). 85 Curtis Publish (11). 112 Curtis Publish pf (1) 1% Curtiss Wright Corp 3 Curtiss Wr Corp A. 35 Cutler-Ham (3%).. 10 Davison Chemical. 20 Deere & Co pf (1.40). 130% Delaware & Hud (9). 6915 Del Lack & Wn (6) .. 26% Denver & RG W pf.. Diamond Match. Dia Match pf (1.l 50). 6% Dome Mines (1) 12 Domn Stores ( 20).. 57% Drus Corporat (4) % DuluthSS&Atl ., 80% Dupont de Nem (4).. 142% Bastman Kodak (18) 120% Eastman Kod pf u) Io. 11% Eaton Axle ( “er 33 @iec Auto Lite I). 214 Electric Boat. PO 1 a0 00 BB wo REre Federated Dept Strs. F'id Ph Fire In (2.60) Fifth Ave Bus (64c). 10s Filene's pf (63)....300s Firest T & R pf (6).. First Nat Strs fl%) Fisk Rubber........ Fisk Rubber 1st pf. . Foster Wheeler (2). Fourth Natl Invest. . Tox Film (A) (4)... Freeport, Tex (4) Gamewell Co (5).... 60s Jen Am T'k Car (34) 4 Gen Asphalt (3)..... 1 Gen Baking pf (8) Gen Gable Gen Cable A Gen Cable pf (1) Gen Electrio (1.60).. 148 Gen Elec spec (600). 2 Gen Food Corp (3).. 20 Gen Gas&E) Acellc) 18 Gen G & El cv pf (6). Gen Mills (3)....... Gen Mills of (8) Gen Motors (3) .. ... % Gen Motors pf (5). Gen Pub Svc b8 %tk Gen Ry Signal (5)... Gen Realty & Util. .. Gen Refractories (4) Gen Theatre Equip. . Gimbel Bros. . Gilletto Saf Ras (4). Gobel (Adolf).. Gold Dust (2%) Goodrich (BF)..... Goodrich BF pf (T) joodyear Tire (5)... Goodyear 18t nf (7). Gotham Silk Hoslery Granby Consol (2).. Grand Stiv su-nhx). Grand Unton . Granite Clty St (3). Grant (W T) un. Gr North of (5). Grt Nor Ore (2). Great Western Sugar Grigsby Grunow. ... Guantanamo Sugar. ® 3 Hershey Choa (5)... Holland Furn (1%) Holl Sor Homest Min (17 Houdatlle Hershey. . Houston Oil. Houston O11 (new).. Howe Sound (4) Hud&Man Ry (3.50). Hudson Motors (! Hupp Motors. Illinots Central (7. Indian Motor Cyel Ind MotorCycle pf. (ndian Refining. Indian Refining rets Indus Rayon (4).... Ingersoll Rand (16). Inland Steel (4) Inspiration Cop) Insuranshar.Del Int Agricul Chem Int Carrlers (25¢) - s Intl Harvester (13). Intl Hydro El A (e2) - Int Nick Can pf (1).‘ Intl Paper pf (7) .. Intl Pap & Pow (C).. IntlSalt (3)........ Intl Tel & Tel (2)... Inter Dept Strs (2).. IntertypeCorp (2) ;lllnd Cr Coal (4) ohns-Manville (3. Johns-Many of {1 Jones&La “)Jlfl; T Y L L B T T T L SR L PP PSS-S 202 men@eon =19 &a Kans City Sou (5)... Kend-n Co pf (8) Kernnecott Copp Kolster Radio Kresga (88) C 20% Kreuger&Toll (1.60). Kroger Gro&Bak(1). Lambpert Co Lee Rubber & Tire. . Lehigh Port Cmt (1) Lenigh Valley Coal. . Leh Val Coal pf (3). Leh Valley (3%). Lehman Corp (3 Ligquid Carbonie u) Loew’s Inc (3) Loft lnc Loose-W Bis (2. Lorillard (P) Co Louisiana Ofl. LouG&E (A) Louls & Nash (7) Ludlum St MeCrory (A) (2).... Mcintyre Pore M (1) McKeesp T P (T43%). McKesson & Rob (1) Mack Trucks (4).... y & Co (n13). Mad 8q Glrdlm(Oc) . Manati Sugar. . Man Elev mod g Manhat Shirt (1). Market St Ry 2d pf Marmon Motor Car. . Marshall Field (23%) 15 Mathieson Alkali (3) 60 Mathieson pf (7)....1308 May Dept Strs (n2. Maytag Co pf (3). Mexican Seaboard. Miami Copper. . Mid-Cont Pet (2). Midland Steel (3) Minn & St Louis Mo Kan & Tex (a3) .. Mo Kan & Tex pf (1) Missour} Pacific Missouri Pac pf Monsanto Ch (81%). Montgomery Ward. . Mother Lode........ Motor Meter G & El. Motor Products (2). Munsingwear 3).... Murray Corp. Nash Motors (4. Nash Chat & 8t L (5) zo. 8 - 3 MO NS ARG BB B RO Nt O Nat Cash Reg A (3). Natl Dairy (2.60). Nat Dept Store. . 2 NatDist Products() 1 Nat Lead pf (B) (6). 10s Nat Pow & Lt (1).... 21 % Nat Radiator... % Nat Ry Mex 2d pf Nat Steel (2). Natl Tea (1).. Nevada Copper (l).. Otis Elevn (2% Otis St Pacific Gas & BI (l). Pacific Lighting (3). Pacifie Tel & Tel (7). 10; Pack Mot Car (60c) 13 Param ot Publiz (4). 46 Park Utah . 3 Parmelee Transport. Pathe Exchange. .. : Ilfi Pathe m. % | Richfield Ofl FRIDAY, JANUARY 16, 1931. STOCKS GO HIGHER- (INSURANCE RATES AFTER EARLY DROP| FOR AUTOS HIGHER ency—Iron and Steel Issues Leaders. BY GEORGE T. HUGHES. Special Dispatch to The Star. NEW YORK, January 16-—After mov- ing about listlessly during the first hour of trading today, the stock market shook off the effect of the recent un- favorable corporation reports and the . receivership and moved into a higher price range. ‘The most conspicuous strength in the first half of the session was in the group of iron and steel stocks, led by Van- adium, which advanced 2 points after a semi-official announcement had been made that the regular quarterly divi- dend would be declared next Wednes- day. This had the effect of stimulating other members of this group and the entire speculative list was heartened b{ a rise of a point in United States Steel. It was apparent that pressure had been lifted from such stocks as West- inghouse Electric, American & Foreign Power, General Electric, Allled Chemi- cal & Dye and American Telephone & Telegraph, against which the profes- slonal element. has been directing its efforts recently. Westinghouse rallied about 11, points by mid-day, Allied Chemical & Dye rose nearly 2 points and American Telephone over & point. Trading Volume Small. In none of these issues was the vol- )umc of trading of sufficient size, how- \L\cr to indicate a change in the trend %l or any fresh evidence that the public had been attracted to stocks on a larger scale by reason of the average decline of approximately 10 In'.! 1n the general market since lasi Sessions of such small size as those now being witnessed emphasize the absence of public interest and the dominance of the professional element in market movements, The oil shares, both in the listed and the unlisted markets, were naturally weighed down somewhat by the em- barrassment of the Richfield Co., which comes closely after the discouraging statement !or 1930 of the Texas Cor- poration. This group was slow to re- spond to the better sentiment indi- cated around midday. Motor- Group. Early in the session the motor stocks showed a fair amount of strength. Here again the size of the transactions was too small to gauge speculative feeling toward this group. The railroad list was irregular. Most of the issues rep- resenting the pi Eastern merger were heavy ut first and then gained some ground. The surprising fact is that they have been able to retain so large a part of their average advance since the end of December. There was !a general disposition to withhold fur- | ther operations in railroad stocks pend- ing reports for December and the 12 months in 1930, which will begin to be presented late next week. There was very little outside of the market to affect the course of prices. The weekly reduction in brokers’ loans has become such an old story that little attention is now being given the figures, exoeg:n academically. There was an abundance of money offered in’ the outside market at 1 per cent. In the international banking circles the rather acute exchange conditions in the Argentine and Australia are being fol- lowed with considerable concern. Early Market Stronger. After a slightly lower open the market strengthened to show ll’lg:ll net advances all through the list. Trading was in small volume and there was a lack of overnight news bearing on se- | curities. ‘The steels were the most active group. especially Vanadium, in which short covering drove the price up ‘13 points. United States Steel was % higher and Bethlehem Steel was unchanged dur- ing the first half hour, l-ber dropping 5. Call money renewed at 1% per cent, unchanged. Sales during the first half hour were 211,100 shares, against 263,300 on Thursdn The widest gains in the industrial list were in Case Threshing and Allied Chemical, the former up 1% points and the latter up over 2. Westing- house, Radio-Keith-Orpheum, General Electric and Montgomery Ward had fractional gains. Radio was off a shade ., |and so was Warner Brothers. Utilities like North American Telephone, Amer- ican Telephone and International Tele- s | Phone all followed the market’s tend- ency to convert opening declines into small advances. United Aircraft and General Motors rose fractionally. SILVER SPRING BANK SILVER SPRING, Md., January 16 (Special). —The _stockholders of the Silver Spring National Bank at their annual meeting this week re-elected the following directors: James H. Cis- sel, Joseph C. Cissel, J. Donald Clagett, Morrison M. Clark, John J. Dolan, Howard Griffith, John H. Hunter, Dr. Howard H. Howlett, Maj. E. Brooke Lee, Howard McC. Marlow, Lacy Shaw, Mark Stearman, Curtis Walker and Ira C. Whitacre. ‘The board re-elected these officers: President, James H. Cissel; vice presi- dents, Howard McC. Marlow, Howard Griffith and Maj. E. Brooke Lee; cashier, Ira C. Whitacre; cashiers, Fred L. Lutes and H. C. McCeney. e FINANCE CO. OF AMERICA. BALTIMORE, January 16 (Special). % | _Notwithstanding the business depres- sion, 1930 was the best year from the standpoint of net profits in the history of the Finance Co. of America at Bal- timore, according to the annual state- ment just made public. Net earnings available for common stock dividends after all expenses, taxes and preferred dividends, amounted to $175,825.78, which is equivalent to $1.41 a share on 125,000 shares of no z)ll common. This compares with net $1! 71119, or $1.21 per common share in 1929, and with $1.31 in 1928, an increase of 16.53 per cent in 1930 over the pre- ceding yeai REAL ESTATE LOANS | Made at Low est Rates TYLER & RUTHERFORD Avplications _invited on - class gpartments and dwellings, snd part ai First Mortgage Loans In Arlington County and Alexandria, Virginia Commonwealth Investment Co., Inc. 806 15th St. N.W. Phone National 2623 Mortgage Loan Correspondent for The Prudential Insurance Co. of America Money on Hand to Loan on First Deed of Trust 6% Interest Reasonable Commission and Prompt Replies to Applications JAMES F. SHEA 643 Louisiana Ave. NW. | Market Shows Firmer Tend-]lncrease in Charges Is Laid to Gain in Highway Accidents. BY ROLLIN M. CLARK. New automobile insurance rates just announced for 21 States reveal an up- ward trend said to be directly traceable to & constant increase in the number and severity of highway cidents. More and more claims for higher and higher amounts are disheartening even | Other the most optimistic underwriters. Despite all of the safety activities undertaken by official and private agencies, automobile accidents are still mounting.. ~ Continued demand for greater power and speed in motor cars is looked upon by insurance men as one of the major causative factors. Others are the widespread construction of improved highways and more exten- sive use of closed cars which make mo- toring possible the year around, thereby :flo{!flmg more opportunities for acci- ents, | New Liability Rates. ‘The new automobile public liability and property damage rates are based on the combined loss experience of the insurance companies for the policy years 1926 to 1929 inclusive. During those four years the experience on li- ability business became progressively less favorable from the standpoint of profit, as the volume of accidents and claims constantly increased. As a re- sult un@erwriting losses were recorded for the insurance companies in most ||| of the 21 States. ll Prospects for 1931 are not highly en- couraging to the insurers, for the new rates are lower than the experience in- dications of 1929. Unless there is an immediate improvement in the acci- uemmx'—econii "h'{ do, notm:e‘ue;le a repetition of past underwr: osses can be avoided this year. Automobile insurance rates are de- termined on the actual experience of various sizes of cars in different States or territorial classifications within the States. For this reason the rates show variations in different parts of the country. One noticeable characteristic of the new schedules is that the pre- mium charges for small cars in large cities are more nearly approaching those for medium sized machines, indi- cating that the experience on the smaller vehicles has been relatively worse than on the heavier ones. This may be due to the increased power of the four-cylinder models and light sixes. Speed as Factor. Opinion is divided over the effect upon highway safety of the elimination of speed Jimits in the motor vehicle laws of some States and an increase in allowable speeds in others. One State official declared a few days ago that speed is the dominant factor in fatal accidents, and cited recent records of a group of States with high-speed limits or no speed limits at all to prove his point. In one of the latter States, he said, fatal accidents increased 71 per cent in 1930 over 1929. ‘The motor vehicle department of an- Capital Wanted for Expansion Opportunity for Ezceptional Income Company with headquarters here, doing business elsewhere in a prime commodity, now earning over 35% on small capital, can materially increase its earnings with larger capital. Low over- head; strong reserve; no indebt- edness. Share in control and management. Executive positions open. “Ground-floor” opportunity to get into a lifelong, profitable business. Address Box 112- —— B ) LOANS —on improved Real Estate in Washington and its suburbs . . . for building or refinancing completed properties. m Reasonable rate of in- O] Star Office terest and prompt de- cision. n requesting loan amunt pecded; tossther with briet outline of property an its approximate valuation. ‘We purchase 2nd trust notes sccured by estate. REALESTATE B MORTGAGE & GIARANTY IJ CORPDRATION improved real Cn,mnl Ruurcu Over 610K ST.N.W. [———[o]+———]0] Money to Loan Secuzed by first deed of trust ling Inurul‘lzl.ll PR ADDRESS Membershlp in This Institution Has Dis- tinct Advantages! hly payments. Slain oz plan 85 you! Open Daily 9 to § Saturdays Until Noon NAtional 1381 On our liberal 20 monthly repayment plan. No indorsers required. A strictly dignified and confidential servize. (Copyrignt, 1031 —_— BANK OF LEESBURG LEESBURG, Va., January 16 (Spe- clal) —W. O. Russell of Waterford was s, o gt of 's Naf of annual lmeuu of the bn:? of . January 16 (P.—The 3 has NEW YORK, National Tube Co. subsidiary 8 tion, of the board; president; O. I. Thom- Organized 1879 JOHN JOY EDSON, President 51st YEAPR COMPLETED WALTER S. PRATT, Jr., Secretary Subscription for the 100th Issue of Stock Being Received Money to Loan on Real Estate or to Take Up First Mortgages If you desire to purchase a home, to refinance present indebtedness, or to improve your property, your application to the Equitable will receive prompt attention. Loans repayable monthly, No brokerage . . . No commissions 915 F St. N.W. “In the Final Analysis” Safety and a fair, reasonable return are the primary factors. First mortgage real estate notes, secured on properties in the Nation’s Capital, when properly selected, stand this acid test. No other city in the world has the financial set-up which Washington has. The plant invest- ment of the Government of the United States assures stability. i Our first mortgage notes are now offered in denominations of $100 and up, yielding 6% per annum. -LUCH 1435 K Street Northwest FIRST MORTGAGES YOU CAN RECKON INCOME DEFINITELY —that is to be derived from an investment in our 6% FIRST MORTGAGES —because the amount of in- terest never varies— continues exactly the same to the ma- turity of the mortgage. Mean- while the principal is safely secured by improved Washing- ton real estate, conservatively appraised. Over a Third of a Century Without a Loss May be purchased in amounts from $250 up. B. F, SAUL GO National 2100 925 15th St. N.W. THERE IS NO SUBSTITUTE FOR SAFETY Loans for Fifteen Years This is just one of the many desirable features of the Real Estate Loan Plan of the Metro- politan Life Insurance Company. We invite your careful con- sideration of the advantndel of this modern plan of home financmd. Low Interest Rates 3 No Life Insurance Required Construction Loans in Any Amount WEREERDS [OEE———————— Equitable Co-Operative Bldg. Asén |