Newspaper Page Text
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THE WASgiNGTON taES, THURSDAY, FEBRUARY 1, 1912.
l, - X ' , ,
PUN TO BUILD
Twenty-acre Tract on Massa-
clMMetts Avenue Will Be
.of wealthy business and pro
fessional men. who have formed them
selves toto the Mifsachilsctts Avenuo
JleaHy Company, today purchased from
ChmtUu C. Glover about twenty ucrs
f to lid on Massachusetts, Just beyond
Artrena avenue and orpo-tlt.j the sub-
rwddeace of A-r. Glover, for
$H.er', for the purpose of erect-
tor a number of cluliiiruto suburban
bosses for th-jrilc3 and tin: market.
Hemy, Spencjr. vice president of the
Seejtfcecti railway. John r Wllktns,
Morray A. Cobb. John P. Story, jr.. and
the Her. Henr Ward Denys are some
tk srewbers of the propoa-d eu..
H la the purpose of the members of
taw ceaipany. according- to Mr. Story, at
esse to start the construction of three
or fan- houses, each coating- from $30,000
to atMsa. and surrounded by from one
to two aerea of around. Especial atten
ttam la to be gives to the landscape ar
cMtactore. Tito sale of the property was made
tkreacti the office of Storv A Cobb.
real estate Arm Is now building a
uwuiutu mr a cueni in tne vi-
Mty of the newly acauired Drooertv.
Tfeto la the first large home building
to be started in the Massa-
tto avenue extended section, but is
r to tae new subdivision of Edge
recently started br Chew Chase
dob saeaabers out Wisconsin avenue,
raposlte tae club house.
Ta Meax Protests.
The ceuaty commissioners of Mont
aasery couaty. Md., will hear any pro
taste which taxpayers at the Bethesda
asst Potomac districts wish to make
asjatast the calling of a special election
ta pass upoa the proposed 160,080 bond
law t assist tho Chevy Chase to Great
FaBe Land Company build a nine-mile
asMslerard from Chevy Chase to Great
ysvia. Through J. W. Long. William W.
jlaliinn and J. Hampton Jones, the
comfy offers to donate a strip of land
Mt feat wide and nine miles long for
tsw asmlevard. to appropriate $50,000 to
ward eesstructlon and says that It is
petKlea for a special election was sign
ed br twenty-five taxpayers of the two
Seal Estate Trawlers.
'M to M7 Fourteenth street southeast Flora.
Dieter to Wllford It. Dunn, lots 40, 41.
K. M. aoara IMS. .
Ml rMtrtwntb stnet Wllford H. Dunn et
la. to Edward and Irene W. Schaub, lot
. agaare ISO. tia
H( FVuiifiith street eoutheast Bame to
Haad D. Zanders, lot t7, square VHi. 110.
M7 rVartecnth street southeast Same to
Mary Vaa Horn, let M, square 1041, $1.
tMraiMt Hetohta Academy oi Hacieu lirt
C Kaiy to Lwwls E. Bruenlnger, lots t
aad la. block 30. U0.
PVrmaant Plalsa-lohanna Schneider to Acad-
assy f the Sacred Heart of Mary, part
lots 1 and 14, and all lot 3t, and part
lat 3BS. SfT.jiS.
ttrth street northwest, between T and Q
w nypviii as. w aj vawv.ww.
3i. BUIn et aL ts ueorge K.
aaa. part original lot , square 4S7.
ta Salvators U BUtl. part original
tot M, square 37. 110.
Manor Park Almlra M. Raby to Transit
toatty canpaay. Isf14, square Kft; tlO.
c. George R. Raby et u- to same, lot
5V. saoaie M44. n&
Qtrrr Caase Chevy Chase Land Company
trustees of Chevy Chase Presbyterian
Church, lets SI and XX. square ISM, 10.
Ta foBowlng building permits were Issued
Ta Harry TCardman to bblld forty-four two
story brick dwellings from 7M to 77S Co
lMa road. 75 to TT Ilobart street, 75 to
m Ilabart street, aad T& to T7S Harvard
street; architect and builder, Harry Ward
saaa; estimated cost. Sst.eeo.
Te Harry Wardman to build twelve one
alary brick dwellings from 201 to iX3
lt lias ii avenue: architect and builder,
Harry Wardman: estimated cost. 111.000.
T J. W. Nairn to repair store at 1107 P
street northwest: contractor. Q. W. Hen
atnos; estimated cost, I1T.
To Stmon UoMberg tb repair store and
dweitmg at C7 D street: architect. H. W.
Parsoes: contractor, Samuel D"yer; eatl
Bated cast. tlOO.
Ta H. W. Ptke to repair store and dwelling
at 231 Twelfth street northeast; architect
aad contractor. J. T. Jones; estimated
T Mrs. Lrno Newrohr to repair store at
SEX Georgia avenue; contractor, H. A.
Jaeaaaea; estimated met. tie.
Police Captain Daley
Hurt In Fall on Ice
Pnlica CapL John Daley, of the Ninth
precinct, was painfully Injured alout
the head by a fall on the Ice ljst night.
He wa walking ud T street northwest
o Ms eray ho-ne. when he flipped and
feL His head truck the pavement, nnd
h received a allsht oncusrlon, but this
Btarsias be was able to report for duty,
The Washington and Southern
Bank will be prepared to do a gen
eral banking business as soon as its
the necessary alteration made in its
A cordial invitation is extended to
visit the bank at its temporary
offices, 1413 G Street Northwest, be
tween 14th and 15th Streets.
J. SELWIN TAIT,
Formerly of International Banking Corporation
Passing of a Magnate Zfars Wall
STOCKS RALLY AND THEN SLUMP
FOR NEW LOWS ON THIS
NEW TORK, Feb. 1. The reason of to the suit of tho Government Is admit
yesterday's smashing brak In securities tort on the Street lobe a masterly
was made public this morning by the ,
passing of Edwin Hawley, a construe
tlv'e operator, practically controlling the
Chesapeake and Ohio, the "Katy," and
other roads, and Interested Industrially,
as well. That Mr. Hawley has been
111 was a matter of publloiknowledgs.
Mr. Hawley's loans on the Street were
heavy, and they were generally liqui
dated yesterday, thin being the cause
of the slump.
Today's market was .nervous, entirely
In the hands of the floor traders, and
Inclined to move easier toward lower
prices than toward better figures, al
though the average was better than
the UnoJI figures of yesterday.
There was much of encouragement In
the earnings of two great systems for
December that In a way ought to off
set the Harriman showings. Pennsyl
vania came across with an Increase In
both gross and net revenues. The lines
west of Pittsburgh showed a pet In
crease of $268,000; lines east had a gain
In net operating revenue of $1,000,877.
From the Chesapeake and Ohio system
came a net operating revenue gain lr
December of $119,835. and a gross of
J151.2C1. These are straws and ought to
be a matter of encouragement to hold
ers of securities.
The defense of the Steel Corporation
Today's New York Stock Exchange Prices
Quotation fumlrhed by W. B. Hlbba Co., members of Now Terk Stock
Ezchanse, Washlnston Btook EUchanso. ana Chicago Board of Trmd, Hlbbs Building.
Hlih. Low. p.m. Close.
.A., T. ft S. Fe., com. 104V 108ft 108ft 1 103ft
A., T. ft 8. Fe., pf ...108ft 108ft 108ft 1 108ft
Atlantic Coast Une..U6ft 186 186 1 185ft
Brook. Rapid Tran.. 77ft 77ft 77ft I 7T
Bal. ft Ohio, com. ...102 101ft 101ft 1 104ft
Canadian Pacific Kft 288 228ft 1 240
Chesapeake ft Ohio.. 89ft 8ft c8ft I 70ft
Chi. ft Gt W.. com.. 1TM 17ft 17ft I 17ft
Chi., M. ft SL P. CorlOSft 104ft 104ft 1 104ft
Chi. ft N. W., oom. .141ft 140ft 140ft 1 141ft
Erie com 81 80ft 80ft I 80ft
Erie 1st pf 41ft 61 81ft I 61
' Great Northern pf. .138ft U7H U7H 1 128
Illinois Central U6ft 184ft 184H 1 189ft
Inter. Met com 18 17ft 17ft I 17ft
Inter. Met. pf v 56ft 64H H I 66ft
Lehigh Valley 16014 168ft 158ft 1 169ft
K. C. Southern com. 26 25ft 25ft I 27
L. ft N 160ft 149ft 160 i 150
M., K. ft Tex. com. 27ft 26ft 27ft I 21ft
M. S. P. ft S. S. M. 180ft 129ft 130ft I 80H
Missouri Pacific 39ft 89ft 89ft I 39ft
N. Y. Cen. ft H. R..lll UOH Uuy I uuv,
N. Y Ont. ft West.
. 86! 36ft 86ft I 37ft
Norfolk ft Western
,108 107ft 107ft 1 107ft
.U6ft U6ft 116 1 116ft
,124ft 128ft 123ft 1 123ft
P.. C., Chi. A St. L,
. JOlft 100 100ft 1 100
R.ading. com 154ft 163ft 153ft 1 163ft
Rock Island.com 28ft 23ft 23ft I i3ft
Rock Island pfd 49ft 49ft 49 I 49
St T.. A 8. IT. 2nd. Dfd S9K 89 S I 8OT
Sou. Pacific com.... 107ft 105ft 105ft 1 107l
Southern Railway tt 26ft 26ft 26ft I 26
T.. St. L. ft W. com. 18ft 18 13ft I 13H
T., 8t L. ft W. pf... 82W S2Y4 8ZV I w
Union Pacific com... 162 160 160ft 1 161ft
Union Pacific pf 92V4 91ft 92 I 92ft
Wabash com 6 6ft 6ft I 6ft
Wis. Central com,... 60 60 60 I 62
Western Md 67 67 67 I 67ft
New York Curb Market
Furnished, to The Times by Harriman
ft Co., New York; O. B. Chlpman, man
ager local branch, Colorado Building,
Bay State Gas ft ft ft ft
Con. Arts. 8m. (new).. H H U H
Glroux Mining 4A 4A 4ft 4ft
Greene-Cananea 8ft 8ft 8ft 8
inspiration Copper.... 19ft 19ft 19ft 19ft
Manhattan Trans 1 1ft 1ft 1ft
Nevada-Utah ti A A A
Nlplsslng Mine 7ft 7V4 7ft 7ft
Ray Central Ml lji Hi HI
Chicago Grain Market.
Furnished to The Washington Times by
A. O. Plant & Co., 1416 O street northwest.
Wheat Open. High. Low. 1:15
Mav 102ft NEVi W-'ft
96 96 96ft
May 68 68ft
New York Cotton Market.
Furnished to The Washington Times by
A. O. Plant & Co.. 1415 O street northwest.
Open. High. Low. 1:16
been completed and
,tRlnwl-a plain, straightforward state-
nnjiii unit reaus convincingly.
V'ull Strcst may mftke much of the
.Monev trust (?) Investigation, but It is
decidedly" nucutloniibl: whether tho In
vestigating commltte will be able to
make anything out of It. It Is stated
that some o!k bankors actually court
The Huwloy stocks were carter; Cin
cinnati and Ohio1 opened S oft. and
broke from H o J9, with a modest
rally: "Kuty"' preferred was lVt off and
tho common a point.
The strong points on the list were
Renilltiu. with . point KOln. Sugar, with
a like am-nint; .'mirth VHlley. X. and
Croat Northern. . Al one time Steel
was u point higher, at 00, but It re
acted to net by noon. St Paul was
very weak, liquidation there In continu
ing, a loss bolnrc scored.
Market was slow and intensely nr-
VThe vacillating- trend finally, work
ed Itself Into a decided weakness.
The gains were wiped, out and the
bears, sure or tneir position, were
decldedry aggressive aguln. They
Jumped on Steel and they bucked
Union Pacific and St. Paul and also
Copper with persistency.
The result was a new low on this
move for Steel, 68ft, a drop to 160ft
for Union Pacific and a wiping out of
the gain on Reading.
At the beginning of the last hour
stocks were very weak.
High. Low. p.m. Close.
Amal. Copper gift 60 60ft el
Am. Be'et Sugar com 56ft 64T 65 65
Am. Can. com lift lift lift lift
Am. Can. pf. 91 soft 90ft 91
Am. Car ft My. com so 49ft 49ft wft
Am. Cotton Oil com'. 49ft 49 49 I 4ft
Am. Loco, com 83 82ft 82ft I 88ft
Am. Em. ft Re. com 69ft 67ft 68ft I 68ft
Am. 8m. ft Re. pfd. 103 108 103 1 104
Am. Su. ft Re, com. 119 HSft 119 1 118
Am. Tob. pfd J04ft 104ft 104ft 1 105
Am. Tel. ft Tel 189ft 139ft 189ft 1 189ft
Anaconda Copper.... 84ft 84 84 I S4ft
Cen. Leath. com 18ft 18ft 18ft I 19ft
Cen. Leath. pfd 86 86 86 I 87
Con. Gas. N. Y 189 139 139 I lMft
Gen. Electric 167ft 166ft 157ft 1 157
Great North. Ore 87ft 86V 86ft I 86ft
Laclede Gas 106ft 106ft 106ft 1 106ft
National Lead, com.. 68ft 68 53 I 53ft
Feople's Gas Chi JOift 106ft 106ft 1 106
Rep. I.&S. com 22ft 22 22 I 22ft
Rep. I. & Steel, pfd... 79ft 78ft 7SU I 79
Tennessee Copper... 84ft 84ft 84ft I 85
U. a Rubber com .... 45ft 46ft 45ft I 46ft
U. S. Bteel com 60ft 58ft 68ft I S9ft
U. S. Steol pfd 110 109ft 109ft 1 109ft
Utah Copper 65 63ft 58ft I 68ft
Va. Par. Chem. com.. 55 55 55 55
Western Union Tel. 82ft 82ft 82ft I 88ft
Westing. Elec. Man.. 70ft 69ft 70 I 70
Amer. Tobacco 4's.. wft KH 96ft 96ft
Amur. Tobacco 6'a. .121ft 121ft 121ft 1 121ft
B. ft O. Gen. 4's.... 98ft 16ft 98ft I Mft
B. R. T. Con. 4's.... 85ft 5ft (5ft I f6
C. B. ft Q. Joint 4's. 97ft 97ft 97ft I 97ft
C, R. I. ft P. 4's.... 78 72ft 71 I 72ft
Inter. Met. 4ft's E3 82ft 82ft j E3ft
Pa. Con. 3ft's, 1915.. 97ft 97ft 97ft I 67ft
Southern Ry. 5's.... 10s Vi loeft I08ftio8ft
U. P. Con. 4's 102 101ft 101ft 1 10S
U. a Steel 2d 6's.. ..102ft 103ft 103ft 1 103ft
Surplus and Undivided Profits, Over $1,000,000
Your Money Will
We act in all trust
Issue Travelers' Checks and Letters of Credit,
Rent Safe Deposit Boxes, $3 year up.
John Joy EdSOn, president.
Ellis Spear, vice President.
John B. Larner,
Vice President and Gen. Counsel.
Andrew Parker, vice President
A. S. WortWngton, 1 Advisory
J. J. Darlington, J counaei.
Charles B. Bailey,
William B. Barker,
John R. Carmody,
John H. Clapp,
Augustus Crane, jr.
Joseph J. Darlington,
John Joy Edson,
A. P. Fardon,
A. P. Fox,
John A. Hamilton.
John A. Johnston,
George A. IClng.
MarUn A. Knapp,
John B. Larner,
William A. Mearns,
H. D. Mlrlck,
AVatson J. Newton,
Theodore W. Noycs,
Bid and Asked on
Georgetown Gas 5's 1(M 110
WashlnKton Gas 5's 110 110'i
Capital Traction R. R. 6's.... 1I0M. UoH
Ana-nstla A Potomac 6s 100
Anacostla A Pot. Guar. 6's... IOC , ...
City & Suburban 5's 103 1044
Columbia R. R. 6's 100
Columbia R. R. 6's 108
.Metropolitan R. R. 6's 107 , ...
Wash. Ry. Elec. 4's r8f. 86
Wash. Alex. Mt. V. 6's 93 ...
Potomao Elec. Cons. 6's 101V4 102
Potomac Elec. L.t. 6s..... 108 109
C. 4t P. Telephone 6'..,.... 104H 105ft
Amir, Tel. St Telga. 4's 101 ...
Emerson Steam Pump 6's 60 80
Washington Market 6's 1977.. 101
Washington Market 6's 1947.. 101 ...
W. M. Cold Storage 5's 100
N. & W. Steamboat 5's 103 104
Riggs Realty 6's... 102ft ...
PUIILIC UTILITY STOCKS.
Capital Traction 122V4 123ft
Wash. Ry, ft Elec. com 69 SO
Wash. Ry. ft Elec. pfd 90ft soft
Wash.-Va. Ry. com 47ft ...
Wash.-Va. Ry. pfd 66
N. ft W. Steamboat..
Washington Gas Mft
Georgetown Gas 110
Amer. Tel. ft Telga US
TYPE MACHINE STOCKS.
Mergenthaler Linotype 218
Lanston Monotype 91
Greene Cananea 8
NATIONAL BANK STOCKS.
American Nat Bank 172 186
Columbia National Bonk 200 246
Capital National Bank 210
Commercial Nat. Bank 193ft 200
District Nat. Bank 133 134
Far. ft Mech. Nat. Bank 262
Lincoln Nat. Bank 146
Metropolitan Nat. Bank 210
Rlggs National Bank 675
Second Nat Bank 150
Nat. Bank of Wash 252
TRUST COMPANY STOCKS.
Amer. Sec ft Trust 286
Nat. Sav. ft Trust 240
Union Trust 145ft
Wash. Loan ft Trust 226ft 230
United States Trust -.u'-125 i3
BAVlNUB nana oxyuivo.
CiUiens' Savings Bank 16
Home Savings..! 325
Mercn. Mecb. Savings 174
Ur-!on Savings 230
Bank of Cora, ft Sav 12ft
East Wash. Savings Bank.... lift
Provident Savings Bank 9
FIRE INSURANCE BTOCKB.
Arlington Fire Insurance 14
Com. Fire Insurance 9ft
Corcoran Fire Insurance M
Firemen's Fire Insurance 30
Franklin Fire Insurance , 35
Ger. Amer. Fire Ins 270
Nat tint on r7lre Ins. S
Potomac Fire Insurance... ..34
TITLE INBURANCE STOCK8.
Columbia Title Insurance I
Real Estate Title Ins.trano;.. S5
Chapln ft Sacks 165 220
Emerson Steam Pump 23)
Graphcphone com Kft ..
Graphofhone pf 42ft ..
Mer. Trans, ft 8torage 116
Security Storage 200
Washington Market 17
Sales Today On
Rlggs Realty. 6's. $3,0000103. t000108.
Looogioa. $i.oooy9ft, SLOooguaft.
Capital Tractlon-6's.$l.0004rll0ft. $1,000
0110ft. $1.00S110ft. $1.000110V. tl.OOKS
110ft. $500110ft. . ...,.,
Washington Railway and Electric,
Washington Gas. 150S4. 584. 25S3ft,
2563ft. 2664, 64J64ft. 25684. 25684ft.
Mergenthaler, 643219. 10319. 3219. 109
217. 603217ft. 6Q17ft. 6fltt7ft. V216ft.
After call Washington Oan. 25Mft
Capital Traction. 10Q122ft. I5122ft, 4tf
:Kft. lC122ft. S0122ft.
Washington Railway and KKsctrlc pf.,
2690ft. 590' i, 25090.
Metgccthaler. Otf216ft, 10Q217
Deposits, Over $6,000,000
And Your Deposits Will
Be Subject to Check in
Our Banking Dapartment
HIS strong interest-paying institution
conducts a general banking busi
ness, and invites you to profit by
its extensive resources and complete equip
ment, irrespective of the size of your account.
Harry G. Meem, Treasurer.
Boyd Taylor, Aaslstant Treasurer
ThoS. Bradley, Real Estate Officer
Samuel L. Phillips,
Joseph I. Saks,
N. It. Shea, .
Louis P. Shoemaker,
Thomas W. Smith.
B. H. Warner,
A. S. Worthlneton.
and Trust Co.
Bargain Day In High Grade
Bonds and Mergenthaler.
In a way It was bargain day on
'Change. High grade bonds . were
easier. Mergenthaler received a slight
discoloration In the liquidation of a
Hmall block of the stock. It started at
219 and dropped to 216ft with a slight
rally. So far as known there Is noth
ing wrong with the good old dividend
payer, but an order to sell is some
times imperative and the buyer has the
Vantage. Capital Traction was also a
little easier selling at 122ft to 122ft.
jwMiwmj cuuuiivu wu very sscaay ana ;
una hi ovw a iiuio preierrea sola at
Wft to 90.
Gas was the leader tn activity. It
Is said that all opposition to the re
election ot Mr. Letter as president of
the corporation Is ended and that the
meeting- on Tuesday next will be In
the nature of a harmonious gathering.
The prediction la also marfn that tha
stock will sell higher. It opened at 84
today, eased to 83ft and recovered to
84ft. About 250 shares were sold and
the closing price was 84ft bid and 84ft
asked. At the opening It looked as If
there might be a further break, but the
buying power soon checked this ten-1
In the bond section Rlggs 5's at 103ft!
to 103, and Traction 5's at 110ft to 110ft,
The Continental Trust Company open
ed for business this morning presenting
the appearance of a real bank a few
minutes later, while the banking room
looked like a florist's establishment. On
President Scot's desk were two large
vases of flowers, roses and carnations,
"from home." A large number of new
accounts were opened, there were calls
from many heads of Washington's fis
cal Institutions, and numerous floral
tributes to "the Senator," his officials,
and his Institution.
Wholesale Produce Market
Egg Nearby, fresh. 40a42o per cos.
Cheese New York, new, 20o per lb.; flat,
17altc per lb.
Butters-Best, print. 40c per lb., tub. Statto
per lb.; -proces. 82o per lb.; undergrade.
T7c per lb.
Live Poultry Hens.Uc per lb.; chick
en. ISaHc per lb.; email. l?altc per lb.; roos
ter. tac per lb.; turkey. ISaltc lb.; geese,
7 lucked, SalOc per lb.; unplucked, ISaUc per
b.; ducks, Itailo per lb.: keats. young, lis
lo per lo.: eld, lOalte per lb.
Dresied Poultry Turkeys, 17al9c per lb.;
chickens, ISaHc per lb.; hens, lie per lb.
capons, large ZOaZlo per lb.; ducks. Ualtt
per lb.; geese, Ualle per lb. v.
Green Hoods Orange. Florida, CTSaLU
per box; grapefruit. 13.60 per box: apples, I2.S0
aS.OO per bbl.; potatoes. 4J.0OaS.E0 per sack;
celery, fancy, ll.OOal.S er do.: kale, 11.00 per
bbl.; spinach, $2.55 per bbl.; carrots. 40c per
basket; tl.M per sack; onions. 8X.S0 sack:
sweet potatoes, U.00 per bbl. ; lemons, $Ja3.S0
a box; cranberries, I3.00al.50 per box; 111.00
Live Stock Calves, prime, so per lb.;
medium, Sc per lb.: common, Ca7c per lb.;
old heep, 83.00 per cwt.; lambs, prime,
4ftc per lb.; medium, 6e per lb.
Eldridge E. Jordan, President.
Arthur Lee, Vice President.
Samuel J. Henry, Vice Presi
dent and. Treasurer.
James H. Baden, Secretary.
B. B. Wilson, AsstN Treasurer.
L. E. Sthreiner, Asst. Treas.
Wade H. Ellis, Icounsel
P. G. Eastwick,
International Banking Corporation.
E SI SPENT .
FOB GIFTS, EXPRESS
Liquors, Cigars, and Flowers
Bestowed on Rail Officials
One, of the facts brought out at to
day's Investigation of express company
rates by the Interstate Commerce Com
mission was that the Adams Company
hod more than $50,000 charged In one
year for- "gratuities," which It devel
oped were In the 'nature of small pres
ents to railroad officials and to big
The . "gratuities," explained W. A.
Bryan, who Is 'conducting tho Investiga
tion for the commission, were In the
shape of cigars, liquors, flowers, tur
keys, and entertainment.
"Do thoUurkeys go to the company's
employes, such as the drivers?" asked
"No, sir," replied Mr. Bryan, "they
go to railroad offlclels."
"How about the shippers?"
"They get cigars and small favors,"
Ba,d Mr. Bryan,
. uA7r" ' "nown t"4 the amount spent
uy me auiuii uompany in mis manner
lna year had amounted to $52,000, wh'h
amount was regarded as a fair aver
age for other companies.
It was not shown, however, that these
"gratuities" had ever amounted to any-
thing more expensive than a box of
cigars, a bottle of whisky, or an auto-
The total amount had little bearing on
the question of expense for operation
Many of the exprefs companies are
represented at the hearing by counsel
and by employes.
The report of the Government study
of the express companies showed the
startling fact that the enormous profits
in the express business are now being
swallowed up almost entirely by the
railroads In Increased rates written into
recent contracts between railroads and
In many classes of express the margin
of profit to the exnress comnanles la so
thin that a reduction of 5 cents In the
rates charged the public would turn
profits into deficits.
The report brings out the fact that
firesent express company dividends are
n large part being earned by the huge
investments of express companies in
profitable railroad securities. These se
curities were bought with suipluses
piled up in the palmy days of big ex
press profits. The report lists over $101.
000.000 of such express company hold
ings. The report does not attempt to draw
conclusions from its figures. There Is
Included, however, a significant table
showing the thousands of express com
pany shares owned or held In trust for
railroads or railroad officers and dlrect
rrs. Injured By Fall.
James Iglehart, forty years old, of
2809 Dumbarton avenue northwest,
fell on the Ice In front of 3214 Volta
place northwest, this morning:, and
cut his face and head. He refused
You'll Have Money Today!
Why Not Start an Account
with this modern million-dqjlar banking
house, where you will profit by the advan
tages insured by progressiveness, conserva
tism and unsurpassed facilities?
We have recently taken over the Wash
ington business and entire staff of the
' INTERNATIONAL BANKING CORPOR
ATION, and particularly invite former
patrons of that corporation to call and be-
come acquainted with our up-to-date bank
SPECIAL BANKING HOURS
For the convenience of patrons in the -GOVERNMENT
SERVICE this bank will
remain open until 5 p. m. on the 1st, 2d,
16th and 17th of each month.
In event of these dates falling on Sun
day or a holiday we will remain open until 5
o'clock on the following business day.
Interest Paid on Deposits
James A. Cahill,
A. G. Clapham,
H. Bradley Davidson,
R. Gclden Donaldson,'
William F. Dennis,
Wade H. Ellis,
Samuel J. Henry,
Eldridge E. Jordan,
Orrin G. Staples,
Frederick H. Treat.
United States Trust Co.
Main Bank, Southern Bldg., Fifteenth and II Streets '
Branches: 1136 Conn. Ave. and Center Market.
. THE MAINE RELICS
Expected to Arrive There"
Sunday Board Will
The naval collier Leonldas, with me
mentos of the battleship Maine and of
ficers and cre.w who wept down In that
explosion In Havana harbor, aboard,
will arrive at Annapolis, Md Sunday,
morning, according to dispatches ro-
eclved at the Navy Department today
The Leonldas Is expected to pass in!
the Virginia capes Saturday evening.
She has aboard tons of torn and twisted
Iron from the hull and equipment of
the ill-fated warship, as well as relics
of those on board. Included In the
cargo Is one of the military masts from,
the Maine, for which many patriotic
societies have put in bids, a board of
army and navy officers ts receiving all
claims, and will make tho awards. '
Of Business for year ending December XI, 1311.
uona ana mortgage
Annual report of the Fidelity Storase Com,.
pany. Incorporated. We, the undersigned, th
rreaident, and a majority or tne Board L
Trustees of the Fidelity Storage Company?
Incorporated, or Washington, D. C, do here-1
by certify that the above statement Is cor
rect. JAMES L. KARRICK.
W. P. METCAL.F.
I, P. II. SMYTH. Altant Secretary, of
the Fidelity Storage Company, Incorporated.
of the Olitrlct of Columbia, do hereby swear
that the tacts atated In tne above certificate'
are true to the best of my knowledge and be
lief. ' P. H. SsfTTH.
Subscribed and sworn to before me, a No
tary Publlo tn and for the District of Co
lumbia, this 3th day of January, A. D. mil
(Beal) EARL P. HOPKINS. -
My commission expires May 4, 1915.
The Safest Investments
Are those that do not fluctuate during dis
turbed condition et the money or stock mar.
keta First deed of trust notes (Orst mort-t
gag), well secured on real estate la th
District of Columbia, constitute "silt-edge"-Investments.
They do not depend upoa tbs
financial responsibility of Individuals or cor
poration for their stability and are exempt
from taxation as pergonal property. We can
supply such Investments In amounts treat
tOO upwsrd. Bend for booklet. "Cbaesratag'
Loans and Investments.
SWARTZELL, RHEEM &
TXT ISTH THEET IT. W.
Comer 9th and F Streets N. W.