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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Jun 16, 1920
Page
14
Money remains unusually tight in Washington as banks curb lending and demand higher interest. Some banks charge up to 8 percent on collateral loans while large institutions offer few new loans. Investors look to local utility bonds with yields from 6 to 6.9 percent as open market opportunities shrink.
At the Advertising Club of Washington gathering in the Raleigh Hotel EC Rogers and other delegates from the recent Indianapolis congress of the Associated Advertising Hubs of the World outlined exchanged insights. President Iseii warned against confusing public buyout bargains with wood price drops while noting open competition aids the public. George Oatermayer was elected second vice president. board directors named include EC Rogers Goaldheim Ruddie Lyons Joseph Berberich Herbert Rich Le Roy Herron and Herman Suter.
Andrew A Ormsby, assistant in exhibits in the Department of Agriculture, signs resignation after thirteen years of service. He will depart Washington for Baton Rouge to become director of exhibition work for the State coordinating activities of the State College of Agriculture the University of Louisiana and the commissioner of agriculture at fairs and expositions nationwide and abroad.
The District announces a record 1,449,200 appropriation for urban and suburban streets. Major items include 614,000 for improvements and 575,000 for repairs with 250,000 for suburban roads, plus numerous paving and grading projects across Northwest Southeast and Northeast areas.
The Mount Vernon Bank at Ninth Street and Massachusetts Avenue NW held a reception in its new building last night. Officers William Muhlheisen, president, William H. Johnston, vice president, and William R. Baum, cashier, announced deposits near 700000 with a goal of reaching one million by August 1. The bank’s equipment is now complete including a manganese steel vault with two combinations and a time lock, said to be burglar proof.
Petworth plans an all day Fourth of July event by Monday July 6 under Grace J Phelps. Exercises at Grant circle start with a 2 PM parade and fireworks at night. George L Cary chairs the finance committee raising funds, while Fred W Gast and Fred S Walker lead parade arrangements. Participants urged to contact them.
Mrs Julia J Pitkin who died June 11 left a probate bequest totaling 15000 to relatives. Edward Jaggar receives 6000, George H Kinsolving 2000, and Anna L Jaggar Walter O Kin solving and Mary E Jag ar each receive 1000. The residue goes to Edward Jaggar Thomas A Jaggar Jr Anna J Jaggar and Mrs Grace Jaggar.
Miss Jane Keiss was awarded damages of 35 000 by a jury before Justice Hitz in District Supreme Court against the Washington Railway and Electric Company for injuries from a December 24 1918 collision at Connecticut avenue and I street northwest. Represented by Daniel T Wright.
Rome dispatches report Italy has fixed repatriation claims including pensions at 60,600,000,000 hire, approximately 12.12 billion dollars. The figure represents the central empire's repayments claimed by Rome and published in Paris dispatches.
A local notice promotes Kadys roofing service 760 with a leaky roof warning. Grafton & Son, Inc. advertises 85 years of hoofing expertise and loyalty in the region.
Commission merchants on Louisiana Avenue protest widening of the thoroughfare citing loss of sidewalk stands and high rents. Officials note paving and center parking work will begin in a few weeks on the 30 foot wide project from Thirty-eighth Bowen road to Bastland road costing $9,000.
Registration for George Washington University summer programs starts tomorrow and runs through June. Over 600 are expected to enroll with new offerings in home economics English Shakespearean philosophy education and modern language studies. The law department session also opens next Monday and ends July 31 with registrations at the office of Prof William C Van Vleck.
At the Willard Hotel last night Old Dutch Market Inc employees received free insurance as a company policy perk. Policies ranged from 606 to 1500 based on service length, increasing 250 per year of service up to a 2500 max, with total coverage near 300000 and votes of thanks sent to company officers.
The Washington committee for Near East relief urges subscribers to pay pledges due. Mr. Cabot Stevens has been told that only cash reported to New York by June 20 can count toward the campaign. Pledges outstanding total about 20,000 dollars. the district quota is 100,000 with about 96,000 secured. Mrs. Stevens travels to the national convention at Ocean Grove, New Jersey, July 2 to report Washington’s subscription progress.
The ad claims Camels offer a smooth mellow body and superior enjoyment. It credits Camel’s blend of Turkish and domestic tobaccos and asserts no aftertaste or unpleasant odor. Consumers are urged to choose Camels for exceptional satisfaction.
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