Evening star., 1926-09-09

Life Underwriters. In the latter year
Mr. Ellsworth instituted and directed
a school of life insurance principles
and salesmanship at the Georgia In
stitute of Technology. During 1923
he was named general agent Of the
Aetna Life Insurance Co. for the Dis
trict Of Columbia.
More Peoples Drug Stores.
Peoples Drug Stores. Inc. an
nounces that during the six months
ending June 30. II new stores were
opened. located at York. Pa: Alexan
dria. Va, Martinsburg. w. Va, and
Frederick. Md Three more also were
added to the Washington list. These
acquisitions. financed entirely from
current earnings, were not made until
toward the latter half OF the SIX
months. so that the fun benefit from
them has not been received and is not
reflected in the earnings for that
period.
Since June 80 the company has ac-
quired three additional stores. located
at Washington, Hagerstown and Nor
folk. making the total number OF
stores now operated 35. and negotia
tions are now under way for the &C
quisition Of other stores outside Of
Washington.
AS already noted. August sales were
highly satisfactory. Earnings for the
first six months of 1926. after pro-
vision for Federal taxes. amounted to
S226.414. equivalent. after payment OF
dividends on the 81 900 900 s per cent
preferred stock, to $1.86 per share of
common stock outstanding. This com
pares with s215.749. equivalent to $1.75
per share, for the first half Of 1925.
Will Attend Quebec Convention.
Eugene f. Thompson. head of
Crane, Paris & Co.. and Attorney
Paul V. Keyser will attend the
fifteenth annual convention of the In
vestment Bankers Association of
America, to be held in Quebec from
October IL to Is. Mr.. Keyser at
tending AS the associations legal
counsel. Bankers from all over the
country are to make the trip on spe
cial trains and the headquarters will
be Hotel Frontenac. Several promi
nent Canadians are to speak. and
time has been set aside for visiting
historic places around Quebec and for
golf No afternoon sessions will be
held. Committee reports touching al
phases Of the business of investment
bankers will be presented and of
ficers elected for next year. The
names Of the leading speakers are
vet to be anpounced.
Elected Assistant Cashier.
At meeting of the directors Of the
Security Savings and Commercial!
Bank late yesterday, T. Hunton Leith
, who has been with the bank since 1914
except when he was overseas during
the World War. was elected assistant
cashier Mr. Leith is native of Nir-
ginia, a graduate of the American In
stitue of Banking, and this year is
president of the local chapter. He
has advanced very rapidly in the
bank. his latest position being mana
ger of the new business department
Mr.. Leith will be one of the Youngest
assistant bank cashiers in the city.
Bankers Dinner Tonight.
The get-together dinner Of the
council of administration and the
chairmen Of the various committees
Of the District Bankers Associat ton
will take place tonight at the Uni
versity Club at GAS. President How
ard Moran will preside and the com
mittee chairmen are expected TO out
line plans for the coming years work
Personal Mention.
Assistant Treasurer w. w. Keck ot
the American Security & Trust Co
has returned to his desk after an ex
tended motor trip to Canada. He was
accompanied by Mrs. keck and went
as far North AS Loon Lake. In ad
dition to motoring. Mr.. Keck took
several very enjoyable fishing trips
Harry G. Meem. vice president and
treasu of the Washington Loan &
Trust Co. has returned to his desk
from a three-week vacation.
w. w. Maloney, vice president OF
the Geneva National Bank in New
York State, who was with the Amer
ican Security & Trust Co. for II years
has been visiting old friends in the
| city. For time after leaving Wash
inRf0n he WAS q ha nj, axa noinar