Evening star., 1928-12-24
RECORDS SMASHED
|NL|FE INSURANCE
Brokerage Houses Pay Large
BonuSes-TitIe Company
Adds New Directors.
BY EDWARD C. STONE.


vention of the National Association @
Life Insurance Presidents, Chandle
Bullock stated that the American peopl
this year are breaking all prior record
in the purchase of life insurance by
wide margin.
During 1928 the American peopl
will have acquired approximately $I8,
500, 100000 of new life insurance. Thi
is $1,365. 100000 more than the SIT,
1876, 100000, which was bought in 1927
The sum of $4,000, 100000 net will b
added at the end of the present yea
to the insurance in force, making a to
tai of approximately $4,000, 900 900 OF
the lives of 65,000,000 policy holders.
In 1901 the fathers of today's buyer
| acquired $4,000, 100000 of insurance
This year the grown-up children vii
acquire over nine times the amour
their fathers did at the beginning O
the century. This years production
exceeds three and one-half times tina
OF 1918-only 10 years ago.
| 1t is noteworthy that while 1t took 81
years-1843 to 1922, inclusive-to &C
cumulate the first $4,000, 900, 900 IL
force, the second $4,000, ,000,00 proba
bly, will be achieved in a little less thar
seven years, Mr.. Bullock says.
AOC0A DLOhCTS DIStTIOutC bOnUSeA.
Hartman & Co., of which G. Bowl
| Chlpman is the resident partner, ha
distributed bonus of 20 per cent O
yearly salaries to all employees.
Eastman, Dillon d. Co., Arthur For.
aker being manager of the Washington
office, was today distributing Christmas
bonus checks.
G. M. P. Murphy & Co. paid a sub
SfQnfiol hnrIc fndoxy m t,, Lak
of its Washington Offices
w. B. Hibbs g. Co. follows its usua
custom this year and presented Christ.
mas bonuses to members of the staff
1t is understood in the financial dis.
trict that some of these bonuses are un.
| usually large this year, owing to the fact
that New York Stock Market expert
enced the largest volume of trading In
history Washington Offices having done
their full share of investment and spec
ulative business.
Profits Shared With Employees.
A merry Christmas for the employees
of Y. E. Booker & Co.. was assured to-
day when the firm presented each in
dividual with check equivalent to q
full years salary These checks repre-.
Sented the amounts due under the
pldAl put G11OCL III
1926, when the firm was established.
The plan is an unusually liberal one
Approximately Is per cent of all earn
ings, above an amount equivalent to 9
modest salary for the members of the
firm, is distributed to the personnel al
the end of each calendar year. The
proportion Of the profits which each
individual receives is governed by his
annual salary.
The members of the firm are George
Hewitt Myers and Yelverton E. Booker
Both expressed themselves today as be-
ing greatly pleased with the results
achieved under the profit-sharing plan
Christmas Party Happy Affair.
The annual Christmas party given
by the Federal-American National
Bank to its employees at the Column
bia Country Club Saturday night was
the usual enjoyable family affair Din
ner was served at o'clock. President
John Poole and other officers Of the
bank being present
A homelike touch was added to the
feast by the arrangement of tables
each presided over by a bank officer
who carved the turkey. The dinne6
and dancing and other entertainment
which followed was more or less in
formal Entertainment included play
let under the direction of Miss Leona
Anthony and songs by Miss Lois White
and Edwin Steffe.
The Federal-American Club will dis
tribute Christmas baskets of provisions
clothing and toys to approximately so
destitute families whose condition has
been investigated by bank employees
and found deserving. This Is an annual
n~ft nF the nvNG thfc YrnnrYlfY1O
bountiful baskets were banked around
the huge Christmas tree in the lobby
of the bank awaiting distribution. Miss
Helen K. Delany is chairman of the
committee in charge of this charity.
Title Company Enlarges Board.
At meeting of the board of directors
of the Capitol Title & Guarantee Co.
following a dinner given by President
John Paul Earnest at the Racquet Club
the board was increased by the addi-
tion of John D. G. Duncan, vice presi-
dent of the Drovers and Meche MICS
National Bank of Baltimore: w. Meade
Holiday, president of the Annapolis
branch of the Eastern Shore Trust Co.;
Edmund S. Dickey, president OF the
Maryland Meter & Manufacturing Co.;
william S. Quinter, president OF the
District Building & Loan Association
and Samuel S. Spruce, formerly with
the Columbia Title Co.
President Earnest reported salts
factory increase in the business OF the
company and a lively interest in the
matter of title insurance.
Pennsy Earnings May Set Record.
AS a result of the unusually large ne'
railway operating income shown by tht
Pennsylvania Railroad in October, which
broke all records for any month, anC
good earnings in November, it is be-
lieved that earnings per share for 1925
will set new record. In 1927 the com
pany earned 1855 per cent on its out
standing stock, shade better than thu
1883 per cent earned in 1925.
These were the largest figures showr
| by the Pennsylvania in over 35 years
and this year is expected to be just {
| little better than the 1855 per cen
earned in 1927. Earnings will be aheas
of last year in spite Of the az per cen
stock allotment last Spring. In othel
words, estimates this year are based OF
roundly 1852, 100000 stock outstanding
at close of this year, against $500, ,000, ,00t
| outstanding at close of 1927.
| Notwithstanding larger dividend dis
bursements as result of the 12la pc
cent stock allotment, the Wall Stree
! Journal considers it is also possible tina
the company will carry larger sun
forward to surplus account than 1t die
last year.
Exchange Closes Today.
The Washington Stock Exchange wa
closed today and will be closed with al
other financial institutions tomorrow.