Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-24

3 phone system in
- AASA'"s-~ Washington so far
rr.nh T. Jore. this year to So,
448,l15, according
% John A. Remon, general manager of
Che company.
Other projects to provide additional
facilities for telephone growth in Wash
angton include construction of under
ground conduit in the Cleveland -Emer-
son central Office area along Wisconsin
avenue and Thirty seventh street be-
tween Edmunds street and Tunlaw road,
and in the Georgia central office area on
Georgia avenue between Butternut and
Elder streets and along Peabody street
between Georgia avenue and Filth
street Installation of public coin box
equipment in the new Department OF
Commerce Building is also provided for.
Jones to Address Trust Men.
Frank L. Jones, vice president OF the
Equitable Life Assurance Society of
New York, will address joint dinner
meeting of the District Life Under
writers Association and the, Fiduciaries
Section of the District Bankers Asso-
citation. at the Willard Hotel, Saturday,
December S. Mr.. Jones has enjoyed
q brilliant life insurance career during
the past % years. Previously he served
public instruction in Indiana and de-
clined college presidency to enter the
insurance field.
He was one of the prime movers in
the plans for the American College of
Life Underwriters. He was president OF
the National Association of Life Under
writers in l925-1926. For two years he
has been chairman of the executive
board of the Life Insurance Sales Re-
IF
In October of this year, at the meet
ing in Chicago of the Association Of
Life Agency Officers, he, as chairman of
o special committee appointed by that
association, made a report on plans to
prevent twisting" The report included
q plan to prevent this evil. The plan
has been accepted and signed by sub
stantial number Of leading companies.
Additional acceptances are being re-
ceived
Bankers Honor Late Executives.
At special meeting Of the District
Bankers Association, held late yester-
day with C. H. Pope presiding resolu
lions were adopted on the deaths of
John B. Larner, Joseph Schiavone and
Edward j. McQuade.
The Larner resolutions were pre-
pared by Corcoran Thorn. Harry G..
Mr. Larner was broad-minded, forceful
and courageous and followed the
fundamental rules of safe banking" the
tribute said He was of a public
spirited nature and few men have given
to their city as much of their time and
energy as did Mr.. Larner. He carried
into his private life the same high prin-
ciples which actuated all his move
ments in professional, business and
civic career" ..,..
The McQuade resolutions were pre-
pared by Thomas w Littlepage. M. F.
Calnan and Howard Moran. At one
point the resolutions said: He was un-
usually thorough in all of his work, and
his knowledge of banking details. legal
matters, general affairs and policies was
often a source of wonder to those most
intimately associated with him"
The Schiavone resolutions drafted by
H. L. Offutt, ir.: George o. Vass and
r. P. H. Siddons. expressed the deep
regret of every member Of the associa-
ton in the passing of an esteemed
friend and extended sympathy TO his
family and his bank associates.
Placed on !. b. A. Committee.
Carl r. Kurtz of Stroud. Kurtz 81
Co. Transportation Building, has been
appointed to the Business Conduct
Committee of the Southeastern group
of the Investment Bankers Associa-
ton Of America. The appointment fol-
lows the annual meeting of the asso-
citation held a few days ago at White
sulphur Springs, w Va, and is con-
sidered a high honor among invest
ment bankers. Mr.. Kurtz has been IN
the investment business in Washing
ton for several years.
Today's Trading on Exchange.
Trading on the Washington Stock Ex-
change today was confined wholly to
the bond division. The market opened
with one $500 and two 5000 sales III
Washington Gas SIS, series B, changing
hands at 1924, practically the same as
the last sale.
The next sale was a ST 900 transaction
In Washington Railway g. Electric Is at
a6l2, fractionally above the last pre-
vious sale. A small transaction was re-
corded in Washington Gas Light IS,
series A. at par and 2, unchanged from
the closing price last week
Financial District Notes.
Potomac Electric Power preferred
stocks and Washington Railway &.
Electric preferred and common will pay
their regular dividends on December /.
The books are already closed for these
payments.
very important that seven banks il
Maryland and three in Ohio reopened
their doors for business last week It
is believed here that banking conditions
in the rest of the country are showing
considerable improvement
Professor Irving Fisher. in radio adj
dress. SAYS business depression is "trem-
bling in the balance" with upward trend
in near future almost certain
PENNSYLVANIA Railroad has used more
than 1000 of the $500 suggestions for
improved service submitted by employees
to its Bureau of New Ideas since its
inception four years ago.
The Irving Trust Co. has declared the
regularly quarterly dividend Of 30 cents
per share. payable January ! 1892. ia
stockholders of record on December 4
1881
Led by a small number of important
commodities the wholesale price index
Of the National Fertilizer Association
for the week ended November 81 ad-