Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-11-22


year, but 8 o u h
Carolina reported
loss OF Is per cent
The. the aye lag; Edward L. Hillysr.
ance written by the United States as
o whole revealed q falling OF in Oc-
tober Of Is per cent, In comparison with
october, 1929. Maine made the best
showing and Mississippi the poorest the
In the 10 months, January through
October, 1890. new ordinary life in
surance sales In the United States in
creased over the same period In every
previous year except 1929.
Five states Reveal Increases.
October sales figures show that dur
ing the past month the volume Of new
insurance paid for In the United States
was is per cent less than in last Octo-
Der. This decrease was not due to q loss
In any particular section, but to q gen.
eral decrease all over the country. Every
section and all but flve States showed
o loss. Maine showed the largest
monthly gain Of any State, IL per cent,
the other States recording increases
were New Jersey, 2 per cent; Florida
and Idaho. 0 per cent, and Colorado,
per cent.
The three states In the Middle At
lantic section pay for about one-third
Of the total new ordinary life insur-
Ance sold In the country. In the month
Of October, 1880, New York and Penn
sylvania paid for smaller volume of
insurance than IN October last year.
The State Of New Jersey paid for vol
ume z per cent larger and ranks sec
cnd In the largest increase for the
month. For the 1O-month period the
volume paid for by these states Is al
most the same as In the corresponding
months last year.
Florida Leader In South.
Florida was the only State in the
South Atlantic section which showed
gain IN sales Of ordinary life insurance
In October when compared TO October,
1929. This State increased les pro-
ducti0n 8 per cent. All the other States
reported losses, which~ showed an aver
age decrease Of IL per cent for the Sec
ton IS whole. The volume paid for
in these States during the past 10
months and during the past IL months
10 Just equal TO the volume in the same
periods last year.
When sales for the 10-month period
gre studied over the past i've years,
there Is evident continuous increase
10 volume for every year except 1880.
past 10 months Is Is per cent more than
was sold In the same period Of 1925, IS
per cent more than In 1925, II per cent
more than in 1877. and I per cent more
than during the first 10 months Of 1898.
The volume this year so far Is only 3
per cent less than for the same period
last year, when life insurance was ex-
perAnctng enormous gains.
HonoreA by d. C. Exchange.
EdFard L. Hillyer. whc has lust been
elected for q third time as vice president
OF the Washington Stock Exchange, Is
vice president and assistant trust Of
Mcer OF the Union Trust Co. He has
been . member Of the Exchange for sew
eral years.
Mr.. Hillyer began his banking career
10 years ago as q messenger lust three
days before the Union Trust Co. opened
10 deDrs for business. Starting at the
bottom, he advanced steadily until he
was made an ofiicial Of the company
reCtors.
The trust end Of the banking business
appealed TO him 70 strongly that he
studied Law and Is o member of the
District OF Columbia Bar. He is secre-
tary OF the Raleigh Hotel Co., secretary
ana treasurer Of the Capital Park Hotel
Cooperation and secretary and treasurer
Of the Liberty Laundry Co. The Chevy
Chase Club Is the only social organiza-
ton TO which he belongs.
Loan Directors Hold Meeting.
The first meeting Of the directors of
ene newly organized Southeastern In
oustTial Loan Corporation Of WASH
1uGton took place this week ut the
hamilton Hotel. The officers are all
washington men, being Paul " Rogers.
president; Frank L. Birgfeld, vice presi.
oent, and Harry Donoghue, treasurer.
Inc company was incorporated In
August OF this year. and plans to enter
the small-loan field, making loans or,
the basis Of good character, salary or
wages. At the December meeting the
directors VIII decide on a local for the
omceES, Get the exact date for COM
rnencing business. settle other sorns Of
procedure and elect finance COM
antttee.
high Tribute Paid Director.
The International Bank NJ v,t,.h
John r. Waller Is president and Austin
9. Waller vice president, has sent to All
etockholders copies of q memorial
eraDuee 70 the late Charles Melville
Pepper, who was one Of the institutione
directors. Mr. Pepper was a native of
Ohio. had q Phi. d. degree from the
university Of Wooster, and was q menu
Der o. Phi Beta Kappa. He was q bril-
Annt newspaper writer and q war cor
Iesponoent IN Cuba during the Spanish
Amet1cen War. Mr.. Pepper lived In
Warrington while serving in the STATE
Department and had many friends here.
k1e ma served the Government a. a
foreign trade commissioner and in ynanv
other special capacities. The testimonial
also notes the fact that he was a dele
gate % the Second Pan-American Con.
gress neld IN Mexico City In 1901.
Financial District Notes.
Berxam Chesterman. president NJ the
Morris Plan Bank, who has been on An
extenued cruise Ia West Indian and
South American waters, Is expected
back IT his desk Monday.
George Bowie Chapman, resident mart
ner or Hartman a. Co., Is back IA tire
city after attending q meeting Of the
board OF directors Of the Internationai
Mercsntile Marine Corporation in New
Toosa bankers are much int.rentea n,
ehe move 70 give the National Canitai
more advertising and the Efforts %
hFing more conventions 70 this city.
pumsFy Nichols has been authorised
hw tie Interstate Commerce. Commits
afon 70 hold the position OF treasurer
81 he Atlantic Coast Line, succeeding
John 4. Reid, former treasurer. He Is
also 10 be director Of afiliated sub
eidiaricS.
i. A. pierce q 90. which has had
o broker ONCE In this city for years,
has opened an once in Hollywood,
Calf.
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