Evening star., 1933-05-09
D. c. Underwriters
TO ATTEND PARLEY.
Experts on, Insurance Will
Talk at Meeting in Bal
timOre.
BY EDWARD C. STONE.

Many local underwriters\are planning
to attend special sales conference at
the Auditorium Theater in Baltimore
Friday, when several prominent men
in the insurance business will be the
leading speakers.
Hugh d. Hart will discuss Have the
Life Insurance Companies Kept Faith?"
w. w. Klingman, vice president Equit-
able Life, will speak on Has Life In
surance Sales Opportunities in 1882"
How Can Life Insurance Statesmen
Lead the Way?" is to be handled by
Fred L. Wells, general agent of the
Aetna; James A. Preston general agent
State Mutual Life of Massachusetts,,
and Dr. Charles A. Rubenstein, agent,
Northwestern Mutual.
The dean of the American College
of Life Underwriters, DR.. S. S. Hebner,
is to speak on rs Life Insurance Still
the Solution of Personal Economics?"
while Dr. Claude Benner has the sub
ject, What Is the Outlook for Recov-
cry in America" How Do We Start
to Get Going Again?" is the topic as
signed to George K. Kutcher of New
York
This conference follows the annual
election here Thursday at the Washing
ton Hotel of officers of the District Life
Underwriters Association, a busy week
in insurance circles.
The retiring officers of the District
of Columbia Life Underwriters ASSo-
citation include John B. Lynch, presi-
dent; John L. McElfreSh and Horace
Winter, vice presidents; George T.
Black, secretary; George B. Farquhar,
treasurer Philip l.. Baldwin, Program
Committee; Howard j. jackson, editor
of Bulletin, and J. w. McCombs, chair
man Membership Committee
George B. Farquhar has been treas
urer OF the organization for many years
and has made an amazing record in
bringing the organization through eacn
year with a generous balance at the
close. His associates consider him a
financial expert of the highest type.
District Nationals Latest Report.
The latest condition report of the Dis
trlct National Bank is of particular in
terest right now while the officials are
pressing campaign for the organiZa-
tion of an entirely new bank
Based upon the report of the exam
1ner of the Reconstruction Finance Cor
poration. as Of March %, 1888, the Dis
trict National Bank had prime assets
consisting of cash, and of bonds, securi-
ties, discounts, etc, readily convertible
into cash, aggregating S4,748,14139. 1t
had other assets on the security of
which it could borrow at least 81 ,OO0.-
600. 1t is proposed that the new bank
buy the prime assets. Its set-up would
then be:
Assets.
Cash and due from banks 81 ,481 O4e 35
U. S. Redemption Fund. 5000 90
U. S. Government securities 1868 ,267 90
Federal Land Bank and
Municipal Bonds ....... 486 $4,000
Corporate securities .. 1885 90
Stock in Federal Reserve
Bank ................. 100000
Loans and Discounts. ..... 1909 ,350O4
Total resources $5,748,14 80
Liabilities.
Secured Deposits ........S1,3 1853 ,697 ct
Unsecured deposits (55 per
cent? ..................2 2,475 ,53S51
Circulation ............... 0,0O0 90
Other liabilities ........ 744O57
Capital stock-preferred.. 500,00C 0C
Capital stock-common -. 400 1000 O0
Surplus .................. 100000OC
Reserves ................. II 46464
Total liabilities TAB, ,14139