The Washington times., 1919-05-09
CONN. LIFE SHOWS
4OOP. c. INCREASE

Further evidence OF Washington 8
strong financial condition was shown
today in the monthly report of the
Connecticut Life Insurance Company,
which gives figures of S254.00O, the
amount of business done in April,
against $500 for the same month
Of 1918.
According to Z. d. Sampson, gen.
eral agent, this is over 100 per cent
higher than for any month in the his
tory of the Washington agency. For
the hrst four months of 1919 S7O4, 900
mas been written" against $4,000
for the first four months of 1918.
The company is carrying no real
estate loans in Washington. Sixty.
TWO per cent of its assets is invested
In Liberty and other bonds, the re-
mainder being in first mortgages on
land in the Corn Belt" of the South.
The annual convention of the com.
pany will be held in New London,
conn, September z, at which the fol.
rowing Washington men, in additica
to Mr.. Sampson, will attend: G. A
Sinclair, c. T. Griffiths, G. E. Book
huitz, Roger NJ. Stuart, E. c. Gum
and Reginald B. LOCKER.
The weekly statement issued by the
comptroller of the Currency today
shows applications for charters from
six banks with total capitalization of
SZ5O,OO0, two charters issued, seven
increases of capital approved. one
cnarter extended and two foundations
The charters issued were to the First
national Bank Of Aurora, Mimi, and
N. D.
Inc New York copper market was
strengthened today by the announce
ment that 100000 pounds of copper
metal had ben sold for future deiiy-
15% cents.
The regular quarterly dividend of 81
was declared today on the common
STOCK OF the California Packing Com
pany' and $1.75 on the preferred issue
The annual report Of the Interna-
uonal Harvester Company, out today.
shows a gain of nearly 20 per cent in
net earnings over 1917. The 1918
profits are $14,9S5, 900. against SO, $780,
600 for last year. This profit repre-
sents less than per cent on the net
investment, but would have been about
IL per cent had not $1O,4Ts, 900 been
charged OF the books on account de-
probation of assets in Russia.
The United States Savings Bank.
Fourteenth and U streets northwest.
exceeded it's quota of the Victory loan
last night. Apportionment was 500. =
700 and sales $211, ZOO. William r.
DeLashmutt, cashier. was in charge of
the campaign.
The Park Savings Bank, Fourteenth
and Kenyon streets, has shown up
we'll in the Victory loan drive, going
way past it's quota of S141 ,OOO Sales
of 1921 900 were reported today by
B. Mcneil, recently elected assistant
cashier, who was in charge of the
sales.
The Northwest Savings Bank.
Eighteenth street and Columbia road.
announced today sales of S55. 900
worth of Victory loan bonds against
their quota of $4,000. Hubert T.
Plaster, cashier of the institution,
was in charge.
Victor B. Deyber was elected presI-
dent of the Washington Chapter of the
American Institute of Banking by
unanimous vote last night at the chap
ter rooms, 1914 + street northwest.
Other officers elected were: w. NJ
Seay. vice president; Norman f. Tow
son, secretary: J. B. Skinner, assistant
secretary; J. R. Cheseldine, treasurer;
W. NJ Rankin, jr., chief counsel.
E ]. McQuade, Ross z. Pollock, F.
p Steffens I J. Roberts and w &
Lavender were appointed for the board
of governors.
Mr.. Deyber was named as delegate
to the bankers convention at New
Orleans in September. Mr.. McQuade
was Endorsed unanimously as local
candidate to the executive council of
a.. Ar,ar;oan J1stit,,ta NJ RapLiD1