Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-07-11

Simpson, r. E. l..
Hall and E. L. Nc
IntoSh. SD 81 d
Following the John Jcy Edscn.
meeting the new
hoard reelected John A. Reilly as sec
retarv of the association and William @.
Buchanan was again made treasurer;
The association must stand Solioly
behind the credit protection program
Of the national association and reient-
Iessly fight any designed efforts on the
part of dishonest merchants to use the
machinery Of the law 10 defraud cred
tors " said Secretary Reilly in his an
nusl report. He reported that the as
sociaiion enioved a most prosperous
wear and added 81 new members to Its
roll.
Edison Completes Amazing Recovery
John .Jov Edison. s2-year-old banker
and philantnropist, who suffered shock
inr injuries when an automobile backed
into him on F street. May IL. has made
such an amazing recovery that ne en-
pected 10 attend the regular monthly
meeting Of the directors OF the WaSn-
ington Loan & Trust Co. at O'CLOCK
this afternoon. He has been chairman
of the board since 1917, wnen ne re-
signed as tT1e Qdilh
President John B. Larner indicated
TO-DAY that Mr.. Edison would get well
came upon entering the room, that he
would long remember. The chairman
is one of the charter stockholders in
the trust company. He is also presi-
dert of the Equitable Cooperative
Building Association. and for 81 years
acted as treasurer of the Associated
Charities. Mr.. Edison is treasurer OF
the National Press Building Corporation
and has taken a deep interest In the
erection of the new Office structure at
Fourteenth and F streets.
The banker had birthday while ne
vas i'll. AS he was born on May II.
is46. he noted his eighty second birth
day lust week after he was injured.
Mr.. Edison has been coming downtown
for about 10 days. and has already at
tended a. meeting OF the banks execu-
tive board.
Insurance Needs Placed at S35.00o.
Mrs Irvine L. Miller of Beltsville, Md,
who won the 500 prize offered by the
National Underwriters Association for
the best essay on life insurance as
protection TO the home, places $4,000
as the amount of insurance that should
be carried to protect the average Ameri-
can home. To cover all anticipated
needs. this is the minimum amount that
should be carried. she asserts. III there
be children for whom higher education
is desired, policies to cover this expense
should be added
In concluding her essay, Mrs. Miller
urged all clutwomen TO become more
familiar with insurance. You DO not
have to die to win" she declared.
IA =. Rn Svov Nf
ing in which you cannot lose.
Sterrett Quarterly Dividend Paid.
Sterrett d. Co. preferred stockholders
of record on June % have just received
a i34 per cent quarterly dividend. This
company owns substantial interest IN
Sterrett Operating Service. Inc, control
of which is vested in the Yellow Truck
&. Coach Mfg Co. At the recent annual
meeting of Sterrett Operating Service
Paul W. Seller. president of the General
Motors Truck Corporation. was elected
chairman Of the board. The other Of
hcers include
John A. Sterrett. president; o. l..
Arnold and z. c. Scott. vice presidents
T. S. Merrill. secretary. and /. v Bah
cock. treasurer. The board OF directors
for the ensuing year includes three
w ~ n F1cPAiA8 APsNAA
ton c. PeeIle and James Sharp. The
latest financial statement indicates
steadily expanding business.
Trading Quiet on Exchange.
Potomac Electric Sig per cent prefer
red stock led trading on the local Stock
Exchange today. Al shares changing
hands at 1867. The s per cent issue
came out at l1034. Thirty-one shares
of Railway g. Electric preferred came
out at 90. Lanston sold at ia. Mergen-
tnaler at lo07s and Merchants Trans
fer Il Storage common at 100 for IS
share lot.
Peoples Drug preferred moved at
1918. and Woodward e. Lothrop pre-
ferred at 10 Capital Traction moved
10 the extent Of only FIVE shares at
1864 10 shares OF Norfolk A. Wash
ington Steamboat Co. brought 305 and
FIVE Of Columbia Sand 81 Gravel pre-
ferred 957e.
The remaining trading was in bonds.
including the Washington Gas issue.
Chevy Chase Club 5l2s and and Capt.
tai Traction S.. Prices were steady.
Peoples Drug June Sales Gain.
Sales Of Peoples Drug Stores. Inc, for
June totaled $924.433, compared with
1851 705 In June a year ago, or gain
Of 4l3 per cent. The company also re-
ports sales for the first SIX months of
the present year. the total being SIS, 1885,
the first half Of 1927 or an increase Of
3s6 per cent.
The Childs CO. reports decrease Of
l04 per cent from last June. Sales in
the period this year we're S2042 298
against s22si 565 In June. 1927 Sales
/ for the six months decreased 10 3d.
leS. s3s from sl4.50s s9s year ago.
Heard in Financial District.
Cash subscriptions to the $3.50 600. =
! 900 ga per cent Treasury bonds totaled
! s734, 767 TOO, the ailotments being an
uounced yesterday.
: The District Of Columbia Underwrtt-
: ers Association has It's monthly meet
ing tomorrow noon st Hotel Gordon
T. M Anlick and ~ 3. OEcal. as
sis,ant cashiers at the Riggs Bank, are
on their vacations, both being on motor
/ trips 10 Canada
Harry w. Finney Of Y r Booker A.
CO is on his vacation passing most
~ the time al Fayetteville Pa
W r Pearce formerly supervisor ol
agents In The Wheeling w Va branch
Of the Equitable Life Insurance Go
has assumed local managership ~ III.
International Life Insurance co.
Exports If agricultural implements
from the United States continued theil
Upward trend la May the Department
Of Commerce states. The total for thf
first I'VE months was s43.7l9.6S2, NJ
Increase Of SO, 32a .3S9 over the ms
period of last year
The Interstate Commerce Commits
sion has authorized the Pennsylvania
Railroad 70 acquire control If he Bal
tlmore u Eastern Railroad by purchaA