Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-09-25

Bitter corning 10 the
Capital he entered the employ of Hibbs
i& Co. in a minor position. In just Il
Wears he had worked up and been made
b member of the firm. Last year he
Mas president of the District Bankers
Association, and is still on several i'm
Hortant committees.
j. Thilman Hendrick, soon to enter
The firm, is former District Commits
sioner, having been appointed by Presi-
dent Wilson. He is native of Clarke
Ville, Tenn, graduate of Vanderbilt
university, of George Washington Law
School and a member Of the District
bar. For years he was manager Of the
Manhattan Life Insurance Co.'S office
towering the District Maryland and
Virginia. He is a member of the Wash
h1gton Stock Exchange, an active d.
hector in the affairs of the LanSton
Monotype Co. and also director in the
Security Savings & Commercial Bank.
Karl w. Corby, who is to join the
firm as an active partner, is native
IF Washington. son of the late Charles
4. Corby, for many years head of the
Corby Baking Co. Karl Corby was d.
rectly interested in the baking BUSH
ness until the firm was absorbed by
,the Continental Baking Co. He is a
director in the Riggs National Bank,
also in the Lanston Monotype Co, and
is a graduate of the University Of Penn
sylvania.
Miller Addresses Credit Men.
S"Commercial crime now ranks among
the IS largest industries in the United
States, costing legitimate business more
than 81 600, 5000 year" DR.. Stephen
T. Miller, executive manager Of the Ma
iEonal Association of Credit Men, told
members of the Washington AsSocia-
Hon of Credit Men at its meeting this
noon at the Raleigh. The meeting was
Especially arranged for the financial in
lhitutions and a large delegation OF Dis
,ffict bankers attended. Lister T. Watts.
PRESIDENT of the Washington ASSocla-
ZION of Credit Men, presided.
Z The annual business waste due to
fraud would be sufficient to buy out
Eight all the real estate in Vermont,
delaware and Nevada, DR.. Miller said.
Credit thefts figure as the largest item
b the commercial crime bill, he said.
kutweighing even stock swindles and
Insurance frauds.
E "Tne loot of credit racketeers alone
Is certainly as much as 100000, 600 a
Fear, and probably more" he said.
ENot all losses traceable to crooked
kusts' appear in the annual total OF
commercial failures, for many of the
lHy-by-night establishments OF credit
crooks fold up and disappear without
the formal obsequies of bankruptcy pro-
eeedings.
s"Three years ago the alarming In
krease of commercial crime impelled
business men to raise war chest OF
HI .40O. 900 through the National Asso-
2iation of Credit Men, as matter OF
Business housekeeping. In three years
Rf vigorous campaigning the assocla-
aion, fighting side by side with the
lost Office Department and United
states attorneys, has changed the con-
dition. Its thorough investigations and
prosecutions have helped to send 52e
crooks to prison and 581 others are
now under indictment awaiting trlai
FThe excellent chance of conviction Is
ibeing established as an effective de-
Iterrent."
Immediately following the address the
hoard of directors of the association
met. John A. Reilly, secretary OF the
Organization, presented the applications
lof w A. Pierce Co., Galliher & Huguely
George N. Bowen, j. Frank Kelly, w. /
Galliher &, Bros, I. S. Turnover ano
George Walker.
Washington Gas Hits 105.
/ washington Gas Llgnt SCoCk SodAeu ~
i1O5 today when a 1,000-share blocF
,changed hands at that figure. 1t wa'
lone of the largest stock sales made OF
1.-THE local exchange in many month!
land established a new all-time higf
mark for the issue.
Sanitary Grocery preferred also made
a new top, reaching 144. Other stock
were strong and active. Bonds were
neglected, although few sales wer'
recorded at recent levels.
The Potomac Power issues, Peoples
Drug, Chestnut Farms Dairy, Railwa.
g. Electric preferred, Lanston and Mer
chants Transfer & Storage preferret
were among the leaders.