Newspaper Page Text
WASHING
business world':
shows continued
upward tendency,
1
1 it
Unexfiected Revival of|
Cotton Chief Factor, <
Says Expert. e
LOW TARIFF NEEDED
Postponement of Fordney Bill
Gives Hope of Permanent
Relief.
JlT WALTER B. BROWN.
' ?w York Commerrlal.
YORK. Sept. IS.?While
"o?'! periods of hesitaticfh have been
fhown during the week, the j^ndertono
of the stock market has revealed
continued strength as an evidence
of returning confidence in the
eommercial and industrial worlds
This idea is now taking hold of the
I>ubMe_miad In a way that la beginning
to show Itself in orders being
Maced with wholesalers for future
delivery of commodities and fin-~
ished p#9ducts.
Especially since the cotton market
has reversed its position has
there h<>?n a more pronounced tendency
on^he part of textile buyers
to take advantage of present prices
which represent purchase* by manufacturers
of raw materials at the
recently prevailing low prices.
Tariff Seem* Sidetracked.
Events in Wasfcipgton are taking
better" shape. For one thing, a j
change in sentiment In regard to
tariff legislation seems to be taking
place, it may have been that Pre si- :
dent Harding counted On this when
he syct^eded in having the tariff j
bill sidetracked for the time being
REPORT OF THE CONDITION
OF THE
Exchange Bank
of Washington,
At Wuklnft^a. I* tbe Diotrirt of
Celambla, at ?be cImc af baalneae
?eptenb?r ?, 1?21.
kwrcts.
1. a Loans and discount* fl46.S3S.96
2. Ovenlrafu. secured. $33.56;
J^adnred $167.37 250.93
S^?r*ernment aeenri ties
owned.
C t npfMeM $42 643 IS
d War aartsga certuilfi
a ad thrift
tUnpt 470 S5
Total C. 8. fovernment aecaritiea
4S.11S.53
4. a Road . securities. etc.. other
HNrti IT. 6. ncloding pr?mium
on ume 363.564.10:
6. Bark n bo?e T>?.. 42.*W? ???
7. Furaitore and fixta-ea 5.178.60'
8. Ot*er real a-tate nvned 5.">-a.iwt j
9. a Dae from national banks... 44.?9S.78 |
10 E*--aaa?ev for clearing hoafe 12.260 20
11 Cheeks and other cash Itema.. 2.422 ST i
12. Canto -4a malt 20.667.27 .
14. Othar aaaeta 7.318.12
I ' TotaJ S6W.5S7.88
^ 14 ABILITIES.
L:?. Capital atork paid in $30,000.00
II Sim?'*?f find 11.500.60
pr. a Undivided profit* $14,740.41
b Leaa urrent xl
pen*e-?. Interest
and taxes paid .. 6.464.11
I 8,276.30 |
lv Amoant reaerved for taxea aeerart.
t 450001
9. Am a reserved for all iat^4?raccr?^d
277.64
1. Ce tifted check* 141.33
2. Cashier's check* oatatandlnff.. 960.31
Demand d e p o a i t a (payable
within 30 daya): *
!. Indivufrkl deposits auhjeet to
ct*ofc*. 235.179.83
r. Dtvideada nnpad 7 00
TOCST demand depoaits.
Itema 21. 22. 23 and 27
$216,188.50.
Tim*? ?"^posits I payable after
36 dayn or anbject to 30
daya' or more notice):
?. Cart'Acates of deposit* fother
than for money borrowed).. 5.000.00
32. Other time depo*ita 381,845.14 j
Total of time dopoaita.
Itema 29 and 32.$S96.*45 14 I
Total $668,537.88
DiaUK' of Cohan *Sa. City at Waahinctcn. ?
It vrn^fAM R. NAGEL. Cashier of the
abaae-oan-.-i bank, do aolernnly swear that the
nboaa statement ta frae to tbe best of my knowl
rlsr and tw-bsf.
WM. It. NAOEL. Cashier.
Sabeerttapl and laora to before me thin
14th day of September. 1921.
tSearr" WILBUR A. GRAY,
Notary Public.
Cbrrecf - Atteat:
pur finthoroa. Jobs T. Kchriaer.
f .J5 Bee-e. Jobs T. Doyle.
Ifark F i'inley. John B. ri-*"?.
Director*.
AMf .caa T?l?ph??e ft Tel?rajk Co
13B<h DIVIDEND
TV, n?nlar quarterly dividend of Two
ollara and Twentr-Flre Ceata per ahare will
ke paid on Jata-dar. October 15. 1K1. to
atorkhotd-ra of record it the cloae of bu?laea>
on Toeadar. September JO.^lKl.
H. BIJUR-SMlTn. Treaanrer.
At What Age JAfill
Yon Retire?
AT liitff That depends. Only
three men in a hundred here
>- eoouk to retire comfortably
at sixty. And they en do it because
I hey have urtd and invested
regularly. A little noaey invested
in ha#b grade Hated stocks and
bonds each maalh will make yon
independent. Peter Perkina solved
the problem. His hook, "Getting
Ahead," tells how. A new edition
is jost printed. A limited number
wiU4>e circulated free. Write for
copy ot thia faarinating story today.
kriebel & oo.
117 taatfe Is SsAs tL, CWngs
< est =
" JACKSON b
j Drpeadakle
CRAIN-STOC
J Paatal Trirfrafk
Mtmmmu Caaaaaca. ?t CWoaaa. Boar
JpTof Trads. final Elwepelli.
0H? C-?imaMiroa.
Frodaeo EicSaaca. Baa Datath. Baan
I it Wtaaloaa Qrt
aanl af Trad. OatratC " , , _
Saard af Tiada. Oalatk. laals. Me
Pradaaa bdajca Talado eaaa?a.
Chamber at Ceaunaroe Hilaraukae. (
ainnara Camaieroa.
%
iTON BA1
tor It now appears that the bi'.l
annot be paas*ul at this session of
Congress, although It is too early
to make that prediction with any
legree of certainty. Neverbelesa H
Is known that many members of
t>oth Houses of Congress, having
t>een confronted wlUi the necessity
at providing for the revenue requirements
through their study of
the taxation measure have come to
the conclusion that the old-time
nethods of tarifT legislation no
longer apply, and that th'y "
likely to result in serious complica- j
tlnna in reir*^ to our foreign trade.,
The problem really r* -}**:
Itself therefore. Into one of ?"a*
lnK ways and means of preserving
thes* foreign markets. The way
will certainly not 11* i? the direction
of so completely antagonUing
oMr foreign customers as to cause
them to adopt retaliatory mea*r
ures. Protection to American industries
is to be found rather In
bo broadening the market for
A-merican products that we ?"> ?"
them all anyway. If not at home
then abroad.
Aato Trade Convinced.
If we can sell all w? 'can produce
than we need have little concern
as to whether foreign manufacturers
can And a market here
for some of their own P *'***;
This principle has already been
very clearly recognized by the automobile
trade and has liv fact
REPORT Or THE COHDITIOK
OF THE .
AVEKXCAX SBCtlMTY A*D
TBIHT COBPAHV.
At Washington. In ?he IJIatTtet ?
Colombia, at the close of business,
September t, 1K1.
KESt^ClC
1. a T/oiins and
dtaco nnti
inclu diss
red'.scoant*
(except
thoNe nhown
in b and c) )$15,585,289.8- ,
b Acceptance*
of other
banks discounted....
290.657.-5
Totsl leaa.
2. Overdrafts. necuwd. $4411.91:
unaecured. ?1 WS ?? 1 M9 97
8 U. 8. government securities
owi ed:
a Pledged S6.00ft.il"
c Unpledged .. 1,218,681.-1
d Wsr .uvingt
certificate*
n nd thrift
stamps .... 834.?,>
ToUl U. 8.
gov e r nment
seenriv
tie* .. 81.228.5IS.2l
tle* * 1.225,518.11
4. a Bond*. secur
i t i e .
etc.. other
than U. 8.
incln ding
$ SO 000
clerk*' pension
land.. $5,067,385.12
Total bond*.
seen rl Me*.
etc., oth-r
than U. 8. 5.057.385.12
S.057.385.12
5. Storks Including premium
? same 2'Jm'm
6. Banking bou-^es 1.3f7.?oT.ao
T rnrnltnre. dsto-e. Ill ...
rsnlU 223.W7.S2
8. Other real estate owned... fl.873.11
0. a Due fror- national
bank. ll.994.M2.0a
c Dne from all
other bank*. 887.801.19
2.992.748.2*
11. Theck* and ?ther caah items 850.215.70
12. Cash in vault 576,496.08
14. Other %.aata:
On* tomer*'
Customer** liability
under
letters of
credit $112,067.60
Insurance account
1.806.87
Suspense 452,81
Accrued interest
226.388.**
$840,214.86
840.214.86
Total $28,366,130.86
LIABILITIES.
15. Capital stock paid in $3.400.?00.00
16. Surplua fund 2,000.000.00
17. a I'ndiTided proftta
$895,246 68
b L e s * current
expenses, interest
and
taxes paid.... 197.884.li
697.362.57
18. Amount reserved for taxes
accrued 44.52U.19
Amount -eserved for clerks'
pension fond ol,429.20
19. Amount re*?rved for all interest
accrued 133,914.04
20. a Due to national
hanks $4,017.81
. d D u e to trust
r-ompanies and
*avings banks 36,141.45
40,159 26
21. Certified cheek" 11,143,51
22. Treasurer's checks outstanding
...... 27,561.94
Demand deposits (deposits
payable with 30 days):
23. Individual deposits subject
to check... 10.067, 16.21
24. CertlL.cs tes of aeposlt due
in less than 30 day*
(other than for money
borrowed) ....,.? 20,427.52
27. Dividend * unpaid 1.537.0C
28. Other demand depoalt*.
trust deposits 1,382,376.52
Total demand deposit?.
items 21. 22. 23. 24. 27
and 28 $11,510 *62 70
Time deposits (payable
after 80 days, or subject
to 30 daya* or more
notice):
29. Certificates of deposit
(other 'turn for money
borrowed) 163.75S.41
32. Other time deposits 10,203,173.84
Total ?.f time depo its. items
29 and 32. $16.866.932 21
33. United 8 t a t e * depoajta
(other than postal aav
Ings):
a War loan deposit
account. $6,000.00
6.000.00
36. Liabilities other than those
above stated:
Letter* of credit $112,067 60
Income tax colx
lection. 58 71
Inte-est collected.
not earned.... 2.823.34
? 114.944.65
Total $28,366,130.86
^mlct of C^urabta. City of Ws.hingt.on. sa.:
I CHARLJS E. BOWE. tr-saum of the
bore named bank, do solemn'.y .wear that the
soose atatement is tru to the best of my
nowlcdge and belief.
CHARLES E. HOWE. Treaauier.
Subscribed and swoca to before me this
"i dsy of September. 1921.
Seal) ALBERT H. SHILLINGTOK.
M Notary Public.
r-neet? At test:
j Ren. clarence F. Nurment.
* F. Rani. Clarence R. Wilson,
I 8 Beefdde. Wm. J. Fist' "
*-,l ' -nti. William W. Everett,
V. 8. Corby. 'John F. Wilk'ns,
: Percy McOlue. George W. "-"*?
Directors,
;ROS & CO. j
SI .e. IWS
KS-COTTON
Ms. rWeass.
UHMI
d ,f Trad. ?ar Tsrfc. fredass U
rligars.
Chsmtar SI
/ Baltlmem. Cbamksr si
i i hb Cwamsrcs.
' - Tol?U. Pn>d?os Exekaam
D.?r-t. Board af fad.
law I?t. ??sck I?
_ .1
Ckissya.84s^Essaaa?? JJ
/
Blfcr- .. . :u,.i ?
ms REP<
I
been incorporated in the propose*!
tariff bill. The automobile J>eopM
asked that the duty on automobilei
be not increased# preferring to le|
the few foreign cars come in tha
American buyers might be per
suaded to buy in order that the]
might have the opportunity o
selling American cars in foreign
countries. They took the attitude
that if they could not make can
that wquld stand the test of com
petition in their own markets then
wo"11 be very little use in tlifel
trylnsr to Introduce them abroa<
and they would the efore have lit
tie to fesr from foreign makes ii
this country.
The so-called emergency tarif
placed duties on many items tha
we as a rule export, partteularl:
agricultural products, largely i
response to a demand from th
farmers, who were misled by th
idea that the prices of their pr?d
uctg had been forced down by for
efirn competition. ^ This was n
doubt true in the case of woo
to some extent, hut it was not *
in the case of wheat. A certai
jouantity of Canadian wheat di
find its wsy across the border, bu
1 the fa**t was overlooked that a
j equivalent amount of America
wheat was taken by Canada.
The envrgeney tariff has accon
nllshed virtually nothing since
has been in operation except in th
ease of the few manufactured ai
REPORT OF THE CONDITION
ok the
Seventh Street Savings
Bank,
II n??hlnr*.n In tfcr District mt C?
liimbfa. at the close of baalaei
Jieplemhfr ?. 1?21.
nEfiorp.nM.
1. a I-own* and -dla-^t.ots intruding
re1i?counU 1764,482.
2. Overdraft* secured. $72.55;
unsecured. $3.?D 76.
3. C. 8. government securities
owned: 1
Pledged $5S."on.on
c Unrledfed 850.00
d W*r *a_v lugs N?rttflcjtes
and
thrift stamp*... 1.082.20
Total 1". p. government
secu-itica 54,932.
j 4. a Bond*. securities, etc.,
other than U. 8.. Including
premium ou same... 243.846.'
| 6. Ranking hot.se 43.765.
7. Knrniinro and fixture* - S.Orto 1
; P. a Due from national hanks. 102.383.
, 10. Exchanges for clearing honte^ 18.818.
11. Checks and other cash items* 7.054.'
112. Cash in vault..... 41,665.
Total $1,282,375.
UiBrUTTES.
| !*. Capital nt^k paid In $.W*#?<
16. Surplus fund 32.500.'
17. a I' 'divided
profits $13,901.03
b Le*a current eipen?es.
interest
and taxea paid. 10,134.84
3.766
21. Certified check 3.669 <
22. Cashie-'s checks outstanding 154.:
Demand depoxlts (deposits
pajable within 30 day"):
23. Iadivi'l??l deposits subject
to check 523,408.:
21. Cer'llWates of de)*oait dur in
l??s* than 3^ d??? f*t*er
t^an for money borrowed) 6,1<XI.<
; 27. Div'dends unpaid 90.J
Total demand deposit.
items 21.
22. 23. 24 snd 27. $533.453.10
Tim? deposits (payable aft*r
3D days, or subject to 30
days or more notice):
j ?. Certificates of den^wit l?ther
than for money borrowed 61.042 (
I 32. Other time deports 581,813.<
Total of time de
I posits. Items 29
' snd 32 $642.656.2T?
35. Bills payable. Including certificates
of deposit representing
money borrowed 20,000.1
Total $1,282,375.
Djstrirt of Columbia. City of Wsshtngton. s
I. JOHN D. HOWARD. Treasurer of tl
above-named bank, do solemnly swear thj
the above statement Ik true to the best
my knowledge and belief.
JOHN D. T10WAICD,
Treasurer.
Subscribed and kwohi to before me tn
I 15th day of September. 1921.
! (Seal.) JAMES P. COON.
Notary Public.
Correct?Attest:
: Somerset R. Waters. Rodger O'Tlanloti.
I Augnst H. Plugye. l?*?ry J. Rfppe"
I n.iirv B.rzlint. Chan. S. ShreTr
I A lei. H. Plltt. JcMph B. Thorn...
Patrick 8hn*rne. John F W.rrr
Michael O'Manlon, J. w. c.regg
John A R'hasfer. W. Thon>ii.on II h
I. Ottenberg. John B. Wrliht.
I , DiKrtov*.
hei-on r of c
FRANKLIN N;
AT WASHINGTON. IN THE DIST
OF RISINESS 0>
1 res
1. a Loans and discounts, includi
Tot?l loans
2. Overdrafts, secured. $479.31; tin
4. U. S. Government securities ov
a Deported to secure circulat
? par value
| b .All other United States Goties
Total ......
5. Other bonds, stocks, securities,
6. Hanking house; furniture and
8. lawful reserve with Federal 1
9. Items with Federal Reserve Ba
(not available as reserve) .
10. Cash in vault and amount due
II. Amount due from State bankt
panles in the United Statei
Items 8. 9. or 10)
I 12. Exchanges for clearing house'
13. Checks on othar bsnks in the
porting hank (other than It
Totsl of Items 9. 10, 11. 13. and
14. Checks on banks located outs
porting bank and other cash
15. Redemption fund with U. S. Tr
Treasurer
Total
LIA1
' 17. Capital stock paid in
18. Surplus fund ,.
19. Undivided profits
a Reserved for interest and
accrued
c Less current exjfenses, interei
20. Circulating notes outstanding.
; 21. Amount due to Federal Reserve
j 23. Amount due to State banks.
pani?s in the United'States a
than included in Item 21) ..
24. Certified checks outstanding...
.25. Cashier's cheeks on own bank
Total of Items 21. 23, 24 at
Demand deposits (other than
Reserve (deposits payable w
26. Indiv dual deposits subject to
37. Certificates of deposit due In lei
for money borrowed)
JO. Dividends nnpaid
Total of time deposits (other tl
posits; subject to Reserve 1
and 30
Time deposits subject to Resei
or more notice, and .postal *
32. Certificates of deposit (other th
34. Other time deposits
35. Postal savings deposits
Total of time deposits subject
Items 32. 34 and 35
40. Bills payable with Federal Res*
44. Liabilities other than that abo\
Teller's difference^,
Due Liberty Loan subscribers
Total ...
District of Columbia, City of Wash
I. Thos./P. Hickman. Cashier c
swear that the above statement Is
belief.
Subscribed and sworn to before
(Seal) S.
Correct?Attest:
C. W. MINKKR.
S. McCOAl AS HAW KEN.
K. E. DUVALL,
P. J. NEE.
DRT THE!
I tleles that were In need of special 1
i attention. There Is. therefore, a *
i growing demand that tariff making ;
t be approached from n more sclent
HBc atandpoint fnd the demand will ,
- be made In- Congress that the prea- ?
t ent legislation be held In abeyance t
f until "some of theae more Intricate s
1 nrobl em a can be worked out. not by 5
? politician*, but byexperta. ,
? Stllh another deyelopment o* a n
- constructive nature has been the 7
e declaration of reirular quarterly ij
r dividends by concerns that were
J either expected to pass them en- 5
tlrely or at least were In doubt.
? These Included the Great Northern
Railway, the Atchison. Topeka ana
T sante Ke "Railway, the American
t Brake Shoe and Foundry Company.
Y the Chicago Pneumatic Tool Connn
pany and the United Fruit Com- 4
e pany. The reports from steel ccne
ters are encouraging.
The attitude of business toward
- the fall season IS one of hopeful0
neM and expectation of real re1
vlval and each succeeding week
o seems to Justify this assumption.
n i
*! Canadian Wheat Estimate.
n ' According to tne reports received
_ bv the Dominion Bjwcau of Statistics.
the total yield of fall wheat Is
1- sSSSSSSS^^SSSS?SSSSSSSS^
u report of the condition
' or THE
" Northeast Savings
Bank i
At WaiklHln. I? !?' District of
tMrnmSSSTm* tke el?M ' k-.l-e.a
*epteasber ?, ltJI. ,
RESOURCES
" 1. a
counts Including ; 1
_ rediscounts (except
those shown . I
l?b"de? ,
2. Overdrafta nnseenrsd......... 8*?,
I. U. S ruverniueui ecunUn
own^: *
54 c Unpledged
d \\*r a*v,nfs certificates
and thrift
tamps
Total V. 8. gorer.is.nt }
Micu'ltlea U.WT-* '
4. a Bonds, securities,
etc.. other than
Ort P. 8.. IMMIV _
premium on name $204.462.00
.. Total bond., wewttlea, etc .
*j other than f . H *204.??.,
~ J. romltnre .nd nature.. ;
IT' 8. Other real c?tatc owned tl.&w.w ,
? 9. a l>ne front national
hack* $3?.04?.4l
V? c Diim frttn all
46 other hanks 1.044.10
? . S7.090.ol ;
M I 1?. Exchange, for clearing houne. J*!
11. Check > and other ca.h Items.. 3*J =
II. Ca.h la Taslu 25.717.SO
14. Other a a . e t ?. oew tralldlng j
t? fund ?.T?t.?
Total j
mabtijtih.
IX. Capital nock p.Id In 'SS'SZMS '
! 16. Surplus fund 20,000.00
J' 17. s V a d I ? I 4 d
58 p-oSta $8.40S.S5
b Le?? current expense*.
interest
54 and tsxes paid... ?.m? ^ ,
21. Certified checks 98,31
Demand depo.lt? Idepoalta
W pava'tle within 30 day*): |
50 23. Individual deposits ?b>.ct to
check 129.527.14 j
27. Dividend1* nnpaid 39.90 j
Total dem tnd deno?its.
items 21.
28 and 27 $110,580.86
Time deposit* (pavable after
30 days, or sobject to 30
80 dar? or more totlett ?
55 29. Ce.-iHeates of deposit I other j
than for money borrowed).. J*
32. Other t:me deposits ..49.838.75
Total of time de- ,
poHlts. items 29
and 82 $290,1** 18 j
M J5. Bills payable, taclnd'ng e*rtlftr^t?
of deposit repre- ' '
54 sentinf money borrowed ... 45.00n.nn
a: ToUl $587,754.21 ,
l*o !
i*' I District of Colnmbia. City of Washington. aa.
of I W R LEWIS. Cashier of the above
i named bank, do solemnly swear that the
above statement is true to the best of my
! knowledge and belief. 1
W. R. LEWIS. Cashier.
Subscribed and sworn to before me this j
15th day of September, 1921.
,*.> ) C. D. RADCLIFFE, j
Notary Public, J
Correct?Attest:
I L. P Btenar* J?hn T. Vivian.
Cbaa. R Talbert. Perclval Hall.
Jas. H. Hrodnai, D. W. Hlgclna. M.D.. I
M. R. Ready W F. Hummer.
Isaac Narclsenfeld. Wm. H. Ernest.
G. F. Hoover. Hubert Newsom.
Chas. H. Potter.
Directors.
oxnrnox or the
\TIONAL BANK
RUT OP COLUMBIA, AT THF. CLOSE
i dKPTEWIlKR 0. Itll.
OfRCKS.,
ng rediscounts. $1,709,658 3S
1 $1,709,1*8.3*
isecnred. $1,030.69 1,510.00
en^d:
ion (U. 6. bonds
$225,000.00
vernment Securi
350,196.32
575.196.32 I
etc 1.040,102.76
fixtures 203 100.00
leserve Bank 123,875.30
ink in process of collection
48,879.42
from national banks.. 170,379.64
j, bankers and trust coms
(other than included in
28,322.02
26.436.59 1
same city or town as reem
12) 8.767 70;
13 $282,785.37
ide of city or town of reitems..../
8,082.55
eaaurer and due from U. S.
11.250.00
$3,955,560.68
II LIT IBS.
* $ 225,000 00
60,000.00 ;
$41,974.17
taxes
4,029.71
$46,003.88
Bt and taxes paid 17,973.49
28,030.39
221,700.00
s Hank (deferred credits).. 96,961.71
bankers, and trust comnd
foreign countries (other
15,044.05
12.14 4.72
outstanding 15.199.40 1 ;
id 25., $139,349.88
bank deposits) subject to
ithin 30 days:
check 1,255,859.13
ss than 30 days (other than
25.000.00
j 285.75
?an b^nk deItems
26, 27,
1.281,144.88
rve (payable after 30 days *
tavings:
an for money borrowed).. 182.155.13 ;
1.643.812.85 ;
; 17.640.60
to Reserve,
1,843.609.58
jrve Bank 150,000.00 <
' *t*t,d 69.5
;; 6.658.90
S3.955.560.6S ]
Ington. ss: . . , , 1
if the above-named bunk, do solemnly i
true to the best of my knowledge ano
THOS. P. HICKMAN. Cashier,
the this 141h day nt September. 1911. <
WILAJAM MILJ.BR. Notary Public.
14. F, HAM.,
CHAHLBa I. t.IGHT.
JOHN B. COCHllAN.
DlrMtnra I
: ^ *
R CONDITION AS
?
?0 1M?- "0n a"er ??>"? " threahin,.
,Prl"? wh-1 the of mat. both black
, ''^ 7? bushel.. " WlMt !??.- and red. m th. Prortnc of Su??'
!ttrtch,m" occ"ionin' ushela;
o?u 4??.I03.100 bushels' a? ^ M *rarf?J"?
630.709.700 bushels: barley l
'. 07,ago Bushels, as against 63 310^.' fl! ? eon*r7'a4 by later reports.
60 bushels; rye, 11.847 500 bushel. ?* yield of wheat will prove supa?
?Kaln.t ll,30e"io bu.heU ami r'?r M tb,t of *?' ye*r alace ike
axseed 7,US,100 buahels as aial.Tt h*rVMt ot >?>* "bile the oat
.997.700 bushels. These are n?I " be higher then
Iminary estimates, subJect*to rP.;;." "^Toi"*
REPORT QF THE CONDITION
. k Ot tke
M?08 NATIONAL BANK
' ,k* .f Cel.-Ma. at the ^ ? . , ?
September ?, 1M1. ""aiaee. n
RRSftTTpf PC
' * ^p^'ho^h^ !ncLu<,,n? -founts
b Acceptances of othe? bath's dVscoumtM.':;11
T?U1 ,oon'' .?13.606.513.?1
b *???&? mKrcu,a<'-(U- ? -?- ?
bbA" othc'arr,t];n.,,'d.s:M:*
2,790,600.00
Total .........
5. Other bonds, atoeka Vccuriti?i.' * #.. 2,889.334.0C
? hoUM^? " n?S;;-.-.v:.7 5
?: aims Whh",i'uWlfh Fcd"*1 n??rre Bank ! !!!"!! l.Ui ???
o nk .n proc- ?'. con""?"
! Amount "die fTOm^uVe'bink/'^bllnk''^'''''^''^" X.?1?>?S.'?1
Panles in llw i;?i^h c. . ker'. Mli tru,t co">itema
8. 9 or lO) UU* <other th?n deluded In
3 CWk"*e" f?,T c''*rlnK house...........! Iit ft? ff
?. Checks on other bank* in thi> a,m? _at,, *17,221.11
IngVa'nk 'and !Xr ca^'h'it-. ' C,t> " ,OW" of report" ? ,
treXiE? f.Und.W.'.'h l - 8 treasurer and doe from U. s! 3M1"4'
6. Other resets: S.OOO.W
s te;* ite;; - >u?.?
cDuo from foreign banks and banliirs!!! ]; | [ \[ SS.l 12 ?)
Total ? : ?
V $24,623,06.5]
7 r>..i..i . LIABILITIES.
7. Capital stock paid In .w.
8. Surplus fund $f.00?.000.0fl
#. undivided profiti . iu?7<r?i *. - 2.?#?.?o?.oo
b Reserved for taiei !! I!! I!! X 1! '"fciSlH
C L<naldCUrr*nt ?? *??? Interest and taxes ,<T4^57-44 '
Y S9.243.S7
*1* a'S1,11!!? not'8 outsUndlng ~7! iln'li2*S
22.' Amount rt..e to nStSJil^SkV Bank <de,erred "edits)! l?'.ss: s
A"ln"tho<V"n11ed*StMes*and fha?'k"' ?^''rust'eompa^s 1#M <08 0
ti " included In Items " " jl) *" coun,rl? <o">er than
if' outstsndinic 1 "'ji slI'J
-5 it'tsssWiii
Demand deposits (other th?n li.nk depo'slti.) s'ubjict to
? g-j ?-?ra'"):
' l ?"'P onsy?b!?rrowed)!"",Vl^" th.rt, d.y.-,o,kar " " *
30. Dividends unnpid 2<3,626.3
31. Other demand deposits 455.0
T
T,oT 'PaVabie aVt'erVi "HI
s'vinrs,: >S or moro no,lce- and postal
3L Otherfl<t*me deposits'' (0ther than ,or m?ney borrowed). 179.S41 ?
35. Postal savings deposits".'.;;'.!'. 1,!i!'5!S 1
iSLS'li i*s de,!J>"i? ?ubJ*? to reserve. #ST #
tnited^.V. deiwsfts (other thsn' po.t.V JtiZW
9-9.0.5
outVta'ndIng and ,ra?'"?- 'becks sold for cash and * '
44 i'" oL'J'i"! I""r l^an "those' "above" stated: 15.1*5.0
a Clearing house due bills
e I"con?? *a*awlthheldbfr?r.'.<!^?.^?f^. 7!"?**. notV? ? jgj
TO,*! <24.523.?9?.5
district of Columbia, city of Washington, as:
iwesr ttot''"theSc^.ateSiw t toThT^T"!. "'"I" do .L0'"""'1
belief. cmrni ls lru? l<> the best of my knowledge am
^Subscribed and sworn to ^
Correct?Attest DORbEY. Notary Public. D. C.
wSAJ. ?Lr;'^ ?k^^r ,^ant'
M. 12. A1LES. JIUUS GARF1KKLE.
- Directors.
REPORT OF THE CONDITION
OF THE
DISTRICT NATIONAL BANK
At Washington. |. ,he Dlstrle. of Colombia, at the close f-fcaaUma o
September 6, 1KI.
RESOURCES.
1. a Loans and discounts, including rediscounts.. Jl,735,459.73
Dedu?ta' l?aI"' .14,735,459 79
d Notes and bills rediscounted with Federal
reserve bank tother than bunk acceptances
sold) $503,860.88
503.860.88
2. Overdrafts, secured. SSS IB; unsecured. J739.75 """'SOT 9
4. L. S. government securities owned:
a Deposited to secure circulation <U. S. bonds
par value) uwuus
b All other United States eoyrnment securities 1 322!396;oo
Total ' , , .
S other bonds, stocks, securities, etc.."."."."!.* 'S3 10S 4
6. Banking house, furniture and fixtures 604 55? 4
s' r^ntdi.kth^r^th,n banking house 1S.351 S
o. u? ful reserve with Federal K^servt* !%>nk **oo q
' 11Cm^not'avaUable' /b.n"Ynof coVlectlon '
L("ot available an reserve) 18 5114
10. Cash in vault and amount due from national banks 440*354*7
11. Amount banks, hankers, and trust companies in
i ?. Vn\ State^ (other than included in Items S.
"? a # . 1 4 ** 4 lO 4
Jr E*ch,*nges for clearing house....'.';;;;;.' 258 l-? 7
13. Checks on other benks In the same city or town'a?*report-'
? b ,n^. <?tber than item 12) .*? 7.3 ?
Total items 9, 10. u, 12 and 13 n *
14. Checks on banks located outside of city or town of reporting
bank and other cash items o*> aic 4
15. Redemption fund with U. S. Treasurer'ind' due from U *s!
1 rcasufer 2S.15?.?(
To,al IS,273,014.6
LIABILITIES.
17. Capital Stock paid in nflft .
IS. Surnlus fund ?
19. Undivided profit* ?uo.vimm>
c Less current expenses. Interest and taxes paid *30,$tl!si
20. Circulating notes outstanding 492 600 0
;?' Am'nnnt ral,Re?ervc Bank (d.-ferre'd credits).. 155,'i30.7
-J-- Amount due to national banks i*?*j eje c
23. Amount due to Stste banks, bankers '^nd* trusi companies 1-,>S3* S
L iJSj, S!ate* and foreisn countries (other
m r* ..Hi , included in Items 21 or 22) 234.522.6
;f S;erL, ^ checks outstanding 10,262.4
*' Cilh'f" , Jlecy?. on ?wn *>?nk outstanding 23,249^9
Total of items 21, 22. 23, 24 and 25. . 1347 40** 37
Demand deposits (other than bank deposits) ubjcct to're,c
^posits payable within 30 days):
?o* ^'v^ua' deposits subject to check 3 "13 *60 1
-8. Stat^ count> or other municipal deposits' secured^"by
30. Dividends'ir, of ;
demantHleposits (other than bank' deposits')
Tim* reJ<'.rV? J6- 28 and 30 ?3.327.198 27
Time deposits subject to reserve (payable after 30 days.
savfngs^ days or more notice, and1*" postal
3l' (other tban for money borrowed).. 235.S34.2
33. Btate._coanty or other municipal deposits secured by pledge
34. oth^'tSr etlu' bank .
35. Postal .savings0 deposits ;;;;;:;;;;;;;;;; '"Siooui
Total of time deposits sublect to reJ7
I' H item? ** ? and 3{ 11.917.670.61
??' nin. government securities borrowed. 50,000 0
99. Bill* Payable, other than with Federal reserve bank (inciudlng
all obligations representing money borrowed
n nnu "r^l,,n rediscounts) 300 000 0
IS' Lliii?My Vi. w,t? Federal Reserve Bank 013.000.0
14. Liabilities other than those above stated?Deferred credits
due clearing house banks, account returned Items.... 6.613.2
Tot*1 .18.273.014.6
Oistrict of Columbia. City of Washington, sa.:
wear tfc?, Jk ^ ' Caahier of the above named bank, do solemn!]
!>w? iLiii? ' ,boVd atatemenr is true to the best of my knowledgt
s,Kiv ^ H. L OFFUTT. Jr.. Cashier,
subscribed and sworn to before me this 15th day of September, WJ1
Correct?Atteat- ALEXANDER R. VARELA. Notary Public.
ROBT K. HARI'EI!
A. P. CRENIHAVV
SIDNEY WEST.
C. C. ROC.EKiJ.
H. L. OFFL'TT. Jr..
Dlrectora
tMi&fy'fetti V ...
OF SEPT1
upokt or nu cororroo*
or m
Continental Trust Compuy
I WuklMtn, la tkt Dtolrtrt *
CvIimMb, at tw CtoM ? !
Mvtmter ?, 1?S1.
BMCBCPi *
L Lmm u4 dis
cmAi lac lad
lac r a d I a coobu
$2,276,80641
- 1
Total loans $2.2764864l
5. Overdraft i, WfgrH. 3
$8,837.75; laiieirtl
$252.06 4,08144
1 C. M. goreruieit MCirlttM I
own 4:
a Pledged $&44.ooo.oo
cLnp.edged .... bJHN
Total tJ. 8. governm***
ifciritlN 604.MS OH
4. a Bonds, woirtttae.
ate., other
thaa U. 8., ia-.
ciadlag pwalua 4
on eame I742.5S1.61
b Other bonds to
see are postal |
savings depoaita 90.603 17
Total boads, securities.
etc. 1
other thaa U. 8 766,464.78 I
6. Storks, including premium
oa same 116.642.66
6. Leasehold 16.467 54
7. Furniture and fix tare* 20.160.60
6. Other real est at* owned 418.00 1
6. a Dae from na- t
ttonal baaka... .$222 764.54 U
b Due from Fad- 1
e r a 1 Ro-erve
I baaka 66.601.16
c Due from all
t other baaka ... 14.620.67
_ 860.666.67
, 11 Checks and other caab item* 2.206 87
12. Caab la vault 46.74846 t
14. Other aesets, automobile 1<
investment account 6.786.44 t
Total H.187.a07M
' LIABILITIES.
15. Capital Mnrk paid la tl.?M.?0S.a>
1*. Purplo, ram 100.000 ?u
17. a t a d I * 1 d e d
. pro6ta $126,000 58 |
J b !* ? current ex
penses. interact j
> ?ad usee paid. 27.146 17
66.881.41 9
) 20. a Due to national
I baaka $65,642.06
) | c D?e to State
and private
I I bank* and back
era 126.788 28
; d Doe to trust
1 companies and 2
tarings bank*.. 154.66547 2
818.262.71
21. Certified cheeks 6.66J.26 2
| 22. Cashier's checks outstanding 58.644.14
Demand depu?iu (uepostta 2
payable within 60 days): 2
: 23. Individual depoaita sublet
to check 1.888.627 61
0 24. Certificates of deposit doe ia
le?? than 30 days (other
5 than for money borrowed) 71.660.28
' 28. Other demand deposit*.
fiduciary funds 60.851.66
7 Toul demand \
6 1 deposits. items
1 j 21. 22. 28. 24. and I
2b .$1.&4.248.80
Time deposits (payable after
80 'lays, or aabject to 80
* days or more notice): I
~ ,29. Certificates of deposit (other
* thaa for money borrowed! 14.686.51
a 31 Postal Kaviags depoajls 12.50241
, 32 Other time depoaita. savings 541.670.b4 8
J Tot 11 of tia?
deposits. items
26. 81. and 82.. 6568 <\T6 68
, 85. flilla payable, including cer |
tificates of deposit representing
money borrowed 568.000.00 1
36. Liabilities other than those 1
0 ; abv/vc stated: 1
Si Liability to customers ... 1.80744
5 | Income tax collected 52.56 1
Total *4. in. POT .SI
District 1 Columbia City of Washington, ss: <
I. EPPA L. NORB18. Treasure- of the 1
9 r.bore-named bank, do solemnly swear that <
the above statement is true to the beet of i
a my knowledge and belief. I
EPPA L. NORRI8. 1
6nb*?Hbed and iwnra to before me this
a 16th day of September. 1621
(Seal 1 Ut'GU W. RARR.
" Notary Public.
1 Correct?A tteat:
CHARLES W. WARDEN.
WM O W ASHBt'RN. (
' C. E. (aALLIHER. *
! WADE H. COOPER.
Director*.
REPORT OP THK CONDITION
OP THE
MERCHANTS' BANK
Of Washington, D. C.
1 At Waahlngton, la the District of j
. | Columbia, at the claae of fcaataeaa ,
September 6. 1621.
* RESOURCES.
1. a Luina and dlscounts.
including
r e d I a
couata $2.188 286 60
n ?
Total loana. .$2.IS*.236.80
82.188.286.60
1 2. Overdrafts, unaecured.
1 255 48 1.25848
i 3. C- S. government eecuritlca
owned:
d War savings cerJ
t I f I c a t e a and
thrift stampa $5.652 08
Total C. 8. government
? J securities 5 652 0*
0 4. a Bonds, aeenritiea.
etc.. other than
tT. S.. includng
premium on
**?s $1*4.186.56
_ Total bonds. securities.
other thaa C. 8 1M.186 56
6. Br.nU.ng hone 162.000 00
7. Furniture and fixtures 36.062 28 ,
8. Other real estate owned.... 126. jOU 00
6. a Due from na- ,
tional hanks ..$104,361.46
c Due from all ,
other banks 4.124.13 J
- IOS.4S5.61
10. Exchsages for clearing boose 24.514 53
11. Checks and other cash items 6.6*8.3#
12. Cash In vault 166.26648
14. Other aaaets:
fa I Bills for colleetlott 648 50 |
(b) Foreign money 1.780.51 ]
Total ...$2,647,611.64
LIABILi I1ES.
15. Capital atock paid in $300.1*00 00
16. Surplus fund 75.000.00
17. aUadlvided
proflu ,..$31,251.52 1
b I** current expenaes.
interest
and Uses paid.. 14.826.28
^ ^ _ 16.425.2b
i 20. d Due to treat
companies a ad
I savings baaka... $8,876.86
! _ . 8.876.66 ;
121. Certified checks 2847546
22. Ca hicr s checks outstanding 1.422.08
Demand deposits (depoaita
payable within 80 days):
23. Individual depoaita aabject <
to cbeck 1.675.4SV23
24. Certificates of deposit due 1
ia lese than JO days*
(other than for money bor~
4.000 06
27. Dividends unpaid 00 ,28.
Other demand deposits 286.26
Total demand deposits, items
21. 22. 28. 34. 23. 2?. 27 >
28 $1.706 564 11
Time deposits payable after
80 days, or Subject to 30
days' or more not Ice 1:
29. Certificates of deposit (other !
thaa for money borrowed* 44.666.51
32. Other time depoaita 546.206 60
Toul of time deposit*. Items 1
26. 60. $1 and 82.$583.215.4!
85. Bit's payable, including earliScales
of depoait repre
seating moaey borrowed . 185.008.66 1
86. LiaMlltiee other thaa these
above auted: BlUa payable
(deferred payment
ea real eaute) 56.500 00
ToUl $2,647,611.64 I
District of ColambU. City of Waahlagtua. ss
I. FRANK P. HARM AN. Jr. ca abler af l
the above-named baak. do aolemhly swear (
that the ab^e atatement la tree to the I
best of my kaowledge and betlef
PRANK P. HARM AN. Jr..
_ Cashier.
Subscribed a ad sworn to before nte thia I
. 12th day of September. 1621
(Seal.) HARRY J. DONOC.HrE.
Noury Public.
(>*rrect?Attest. John R. Waller. 1
Peter A. Drurr. J. Rrnevt Mitchell.
Ernest E. Uerrelt. Vincent I.. Toomey. t
j Michael J Keaue. Peter M. Dorscb. II
Wm. Henry White. Roland Ro*b4e?. 4
1 ?* a.itri^ rHractora.
/ '
SMBER 6
WO'OiT OF THE COXDITM!!
or THE
Uaiac Trust Cobpwt of
tkc District af Columbia
Cshusty*^!.!1 ?tmUUi *
, BBSOtR
L a Ixmu ul la
clod lag NflSMMl ft4.SS9.1Jt tt
L 0*?rlrtf ts. Mtmt.
82. .11; a a a a c i r ad. - J
I.ucim, * 1
I P. ft. go*ai?ot aecorittaa
a PWdcad Sioo ooo oe
r Daylsigsi ... 3es.Wf._00
d War asviifi
eeniftca tea A
thrift a tan pa 300 00
?? ??
Total C. ft. JB8BBB?I
oapurittaa ftOO.lOo.ftO
L a Bowda. aMtrlMa, str.,
other thaa U. ft.. hrM- _
tef premium ea aUM..,. M7lf23Jg
I. Btocka. Includlnc pmiw
m ?uaa
I. Banking hooae 1.130.119.* J
r. ra rtwr? and Ittam 8t.M7.jf
I. Other real aetata ooaod. . 8 ftStfi
i. a Do* fras m- /
t tonal banka 8447.82ft ?7
e Do* from all ?
otter banks. . t10.ft87.ftl
757.714 2^~, 1
I. Checks and other coah Items 7I.ftt3s
I Caah ta naalt 78.872 35 I
I I sternal re?-ean?- atamps ... 10U Oh
4. Cua torn era liability under
lettara of etodtt 77 .308 on
Total .**.331 231.09 j
1AABILTTOB
K. Capital atock paid to ft2.000.000 w
I. Borploa food (00.000 00
7 a CHItI ded
proftta ftft0i.4S8.04
b Laaa correal
expenaea. ta
t e r < a t aad
taxea paid... 20.400 U
178.941.51
8. Aooat roaertoi ? taxea
cwoed lft.M0.S2
0. Aaxmat rmm rtii far all lata-aat
aorroaft 15.945 2%
0 c Doa to fttata
a ft private
ha a fc a a aft
baakera .... fl.ftOLl*
ft Doa to troat
cempeatea aod
eaetara ha aha.. 78.883.82
??? 70.08410
1 Oartttaft eheeka 1 523 80
3 Traaaaror't checks ootataod
I* ft.ftftl.ftS
B. lad vtdoal depaatta aobjort to
?0och ft.ftT8.7ftO.44
4 T-nat depaatta 240.itK.lft
7 Dtvtdaada oapatd Mft.fr"
Total deaaaod
depoalta Item
31. 33. n. 34
*od 37 S3.S38.t88 TT
Thoc depaatta (parable
aftor SO dayv or eobjert
to SO dara or am notion
9 Certiorate* of dopaalt (other
thaa for aaae; boriooed) frOO or
5. Other tlae depaatta 1.822.881 .ST.
Total of time
depaatta. Iteaaa
20 and S2... .ftl 83S.Sft1.S8
tS a War loaa depoait arroor ?8.508.80
1 Paymeata to he made oo oecooot
of real eatate laaai
coo?racted for ST on
8. Lettera of credit 27.3fi* r*>
Total S8.Sftl.221 0?
WatHrt of Columbia. Oty of WaAlnftoa. *
I. BMO.* B OLD*. Treasurer of thr a bow
?omed bank, do aoJamrly a~ear that the ah.ee
latetnent la true, to the beat of mj koooieae*
md beftef CDRON B OLDS. Trmauvur.
Subscribed aod ?anra to be for* m? thi*
18th day of September. 1*21
<ft?oL> fi. WILLIAM MILLER .??
Notary Pubtxi.
"\jrreci?Atteat:
>. J Kanfmaa. J H. Cranford.
3. Thomas Daalop. James B. Lamb*.
L B. Keaay. Frank C. Ileary
idaard J Rtrilwacea. Tho. P Mora a a
tafltH W OfWrw ? . WtlUam C. Bvaiated.
loha B Small. Srd. Lather r Bpe^r.
D 8. Porter. Dtrrrtovn
REPORT OF THE CONDmON
OP THE
5ECURITY SAVINGS AND
COMMERCIAL BANK.
4t Wanhlartaa. In the D tat Hot of
Colaaikla, at rte rloae of kaalaea*
Septesnher ft. 1021.
REBOrRCLS
1. a L o a a a a a d
dtaroaata tocladiac
reducouata
ft2.S52.000.d8
??f3.Si2 A?? *
2. Oaerdrafta. oaaecarrd.. .... tiC 41
Z. r. ft. foeerameat aecorltie*
onraed:
a rielced ftft5.000.00
c V a pledged 2S.71S ?4
dWar iatit|i
certiftcatea aad
thrift stampa. ... S^ft.00
Total P. ft. fortrtaeit
aecorttiea ?4,072-if
4. a Bond*. aeconttea.
eta., other
than C. 8.. ioi-ludtac
premlnir
oo nne 8757.258 84
Total booda. aacorittea.
etc. other thaa Ii. 8 . 757.3S3.tft
ft. Baaklnc bouae lft.ft*> NO
7. ramltnre and ft*turea 30.471.74
9. a Due from national
baufta . .ftl5ft.719.3ft
c Doe f mm all
Other baxiha lft.417.ft7
170.187 ?>?
10. Earhaoces for cleartac
boose - ftl.ftft4 M
11. Checha aod ether caah
ttema 1.22fr-S^
13. Coah ta vault 7I.71V41
14. Othei aaaets 1.2ll? f_
Total 88.542.470.03
LIABILITIES.
15. Capital stock paid in ft200 000 on
Ift Burploa faod.... 50.001 0?
17. a Undivided
Proftta 888.382 ?7
b Leaa rarrent ezpenaea.
iateroat
and urea paid, lft.54ft.81
ftft.785.SI
18. Amount reaerved for taxea
accrued . 2,918.24
50. a Due to natiooal
banfca ..* 817 57
d Doe to troat
compaptea aod
Mriaca bank* .. 7.S84.87
7.852 34
11. Certlfted cheeka 1.582.ftt
5. Co abler a check ootataod
?oe -.136 7??
Demand depoatta (depoaiu
payable within SO daya):
# Individual depoalta aubject
O cherk 1.503.918 7ft
14. Cortlficatea of depoait doe
la leaa thaa to dara
* (other than for mooer
borrowed? 77.4?7..tft
!7. PlTtdendr unpaid fti> t?0
Total demaad
depo ita. itenia
21. 23. 23. 24
aod 27 ftl.5S5.10.V7S
pme depoaiu (payable after
80 daya. or aob>ert to to
deya or more notice!:
S9. Cdrtlftcotea of depoait (other
he a for aaey borrowed
> 87 452 4ft
C. Other time depoalta 1.512>96 *ft
ToUl of time
depoalta. ttems
29 and 82 .. 81.580.84ft 85
15. Bill* payable. Inclodlac cer
ti Bra tea of dup?It repreaeatiac
mooey borrowed 80.000 00
TOta) ftft.542.47OJ0
Matrfrt of Columbia. City of Waahlnrtoa ?o?
L F. O. ADDISON. Jr.. Tire PreaideOl
>f the aboee-aamod Hook, do aa emoly awrar
hat the a bore atatemeat Is troe to tbe
wd of my koowladfe aad belief
F. O. ADD IRON Jr..
Ire Pi * atd* ii t
Kobocnbe-1 and fwart to before me tak
4th day of September 1921
'Real ) MBLVIN M C.rBDORF
Notary PuWj. .
Corrert?Attest:
r. O. Addkaoo. ff. J"llna t. fV?w
John B Harvoll. W. Clark Taylor. '
awren*-e m?|U. E. C. Baits
K T. c.ratt. Morria Rimoo.
Sao. H Jodd. Towoley A. McKoa.
Bt?a..la?i
ft
