Evening star., 1932-12-13

Sl,015. Continuing,
he said: n
"On December /, & E
1882 the sum OF E##& $X
S44OO00000 was #& x
diStri b Ut d to
lO,500.000 members Thomas j. Groom.
Of various Christ
mas Savings Clubs by more than 1000
banking institutions in the United
States. These Christmas Savings cheeks
to individual members range from $50
to $1,000 with an average accummula-
ton of S42 for each member
Though We have been better on Dy
far than the people of other nations, we
have certainly rubbed elbows with hard
times, but let Us give one more thought
to that StupendouS figure o. S44O.OoO,-
600 lust distributed to 10.500000 thrifty
Americans and let us consider 1t from
This apgle-if all the cash in Clrcula-
ton in this country last year had been
evenly divided among our total popula-
ton of l200000O0 people, each person
would have had about $40 in his pocket
in cash-yet every member OF the
Christmas Club accumulated through
nickels, dimes and dollars during the
year we are about to close, the sum OF
$40. Some of those members live rlght
here in our own community and we
extend to all of them, our congratula-
tions in successfully completing a pro-
gram of weekly thrift.
How Huge Sum Is Used.
Just as the number of banks which
have installed a Christmas savings de-
partment have multiplied through the
years. SO have the members. and 50. too.
have the many uses to which Christmas
savings has been put. The estimates
~; rI,ny 30 fntQl d1Cfrlhll-
ton of Christmas savings money Will
be used approximately as 1olloWs:
/. For c h r istmas
purposes 80. 3Seo or sl67,5Oo,oOO
2. Permanent saw
ings and in
vestments -. 2scc or 123,5Oo,OoO
8. Year end COM
mitments and
necez sites -. 11to or 4o.oou,oOo
4. Taxes ....... 10co or 44,000,0O0
s. Mortgage amort-
interest ..... 81 or 26,5oo,OOo
g. Insurance pre-
miums ...... SO or 22,OOO,OoO
z. Education. travel
and charity. % or 100000
Total ,.,....1 1907 or SAL, 100000
These startling figures should i'm
mediatsly dispel all further thought that
we have not definitely turned the corner
toward better times.
Joining Clubs Simple Matter.
The 1888 Christmas clubs are now
open, and this is your chance, with mil
lions Of other people all over the coun-
try. to jim a Christmas savings club.
There is no red tape. All you have to
90 is to select the class, or weekly pay
ment amount you wish to Joln then
simply sign a signature card and make
your first payment
The Surest way to get the things
you want is to plan for them and save
regularly. Your fortune is not written
in the mysteries of a crystal ball-but
in figures on the pages Ct your savings
passbook. The receiving teller at the
bank knows who will succeed in busi-
ness: he knows who will have money
next Christmas; he knows whose sons
and daughters will receive a college
education and who will travel to inter-
esting places. The passbook tells the
story" Mr.. Groom concluded.
Sandford Addresses Insurance Men.
L. C. Sanford, assistant secretary OF
the New Life Insurance Co, who was
the guest OF ICIlOT DIT llle ldSI VI tliS
New York Life Agents Club luncheons
of this year held at the Mayfiower Hotel
Yesterday, spoke of the desirability OF
risks and what constitutes good under
writing in the life insurance business.
Mr.. Sandford declared there was
only % per cent set back IN the IN
Surance business against a Al per cent
set back in all other business, indicat-
ing the strength of the companies and
how the insurance business has be-
come the leading business in the world.
The luncheon was in honor OF r.
Turner Munsell. former agency organ
tzer of the local branch. Earl D.
Krewson. director of the Washington
office. announced the winners in the
Munsell contest as T. F. Barker. Earl
P. Warfield, Miss Josephine Woods,
Ralph Ciprianc. E. L. Beales, A. w.
Boehringer and Mr.. Finley Mr.. Crew
son also announced that Loren l..
Cluster has been appointed agency Or
ganizer in Washington.
David Samakow who has been chair
man of the club. will be succeeded for
the next three months by A. w. Boeh-
ringer.
Bank Stocks Score Gains.
New York City bank stocks registered
a sharp recovery last week. the increase
in - aggregate value approximatlng
S12o, ,5G4 900. or about 73 per cent. The
aggregate value of the 16 leading issues
amounted at the close of the week to
S1777.871 900. which compares with
total of ST ,657 3O7 OOO reported at the
close of the previous week, and with
total of 1929 1895 600 reported on May
81 last, the low point OF the depres-
SIGN.
Safeway Stores. Inc. system reports
consolidated sales, for the four weeks
ended December 8. 1882, were Sl6,328,-
978. comparing with Sl636l,30l in the
preceding four-week period ended No
vernber 5. For 48 weeks ended Decem-
Der last. sales totaled S2l0,4l2 $40. On
December 3 there were 1886 stores IN
operation.
TOday's ID. C. Exchange Trading.
Trading on the Washington Stock Ex-
change today opened with small sale
in Capital Traction stock, six shares
moving at 4, same as the last previous
price.
The remaining trading was confined
to Washington Gas 6s. series A. six $1O0
transfers being recorded at 1894, the
same price as noted in other recent