Evening star., 1934-10-27

civics and eco George A. Starring.
nomicS in the high school at Sioux
City, Iowa. Then he became profess
Sor OF journalism of South Dakota
State College at Brookings; assistant
manager of the Agricultural Publish
ers' Association, Chicago; executive
secretary South Dakota Farm Bureau
Federation, Huron, and rural organi-
zation specialist of the South Dakota
State College.
In 1923 he was a member of a
commission of five representing the
American Farm Bureau Federation to
study agricultural conditions in Eu-
rope, spending two months in Eng
land, France, Germany and Denmark.
He also served on the Committees on
Feed and Seed Loans and Debt Con-
ciliation, appointed by the Governor.
Since 1925 he has held his present
office with the South Dakota Bank
erS' Association
In the American Bankers ASSocia-
tion Mr.. Starring has been active as
a member of the Bank MANAGEMENT
Commission and the Executive Coun-
Gil, and In the State Secretaries Sec
tion as member of the Board of Con-
troll and the Committee on Insurance
and Protection. During the past year
he has been first vice president of
the section.
Mr.. Starring is married and has two
children. He is Republican and be-
longs to the Rotary, S. A. R. and
Huron Country Clubs and the State
Press Association. He is a Mason.
His residence is in Huron.
A. B. A. Convention Echoes.
Washington bankers still are talk
Ing about the brilliantly successful
convention of the American Bankers
Association. President Law made
many statements during the session
that will be long remembered.
Restoration of foreign trade and
the return of private initiative will
doom the depression" he asserted.
Financing by the Treasury has the
very general approval OF the bankers
Of the Nation.
Good loans, which are sound but
slow, should not be pressed for liqui-
-dation by the bank examiners.
The association has benefited by
business recovery by an increase in
members of $3.50 during the year, now
totaling 11,751.
There are 100000 deposit ao-
counts in the banks of the country
people are returning to old-time
habits of thrift.
L believe there is no better invest
ment in the world than United States
Government bonds"
Mr.. Law expressed scores of opin-
ions and facts backed by figures that
gripped the attention of the Nations
leading financiers. In the press con-
ferenceS he was most affable, making
many new friends.
Acacia Notes Sharp Gains.
Substantial progress was achieved
during the first nine months of the
current year by the Acacia Mutual
Life Insurance Co., President William
Montgomery reports.
While the record of the company
in many directions has been decidedly
encouraging thus far this year, we are
especially gratified at the conserva-
ton record" Mr. Montgomery said,
revealing that a 81 per cent improve
ment was accomplished as compared
with the corresponding period of last
year.
Net new business for the period
totaled more than $18,000,0O0 against
$l4,5O0,000 last year, an increase of
% per cent. Premium income ad-
vanced by more than s250,ooO, and
business in force increased to more
than $348,O000 900.
fundamentally important, also, is
the fact that assets of the company
have increased to more than $50, ,000,-
900. the largest in our history.
I'VE believe that on the basis of
statistical evidence we are justified
in expressing sound confidence and
optimism with respect to current
prospects"
Cleaned in Financial District.
An unusually large number of men,
bers Of the District Bankers Associa-
ton paid a final tribute to the
memory of Maurice Otterback at the
funeral services held yesterday after
noon. Some had known him from
boyhood days. All will miss him.
Henry r. Kinsey, president of the
Savings Bank Association of New
York, reports heartening trend to-
ward thrift which is growing fast. He
says people are increasing their de-
positS in the savings banks. This
same thrift trend, no doubt, is one
factor in the increase in bank de-
posits in Washington of more than
S20,000,000 since last June.
Richmond bank clearings were up
273 per cent during the past week,
the rapid gain in business holding up
well. Baltimore clearings were up "a
per cent.
The final A. B. A. attendance regis
tration at the convention was 4,278,
about double the number who at
tended the Chicago meeting a year
ago.
Transit's September Net.
The Capital Transit Co. made its
monthly financial report to the Pub
lie Utilities Commission today, show
ing a total net income for September
of 55,874.67. During September the
street car lines carried 1O,715,3
revenue passengers. For the first nine
months of the present year, Capital
Transit reported a net income of
$710,944.65 and the number of reve-
nue. passengers carried during the
period as 94,690,615.
" G mDEA AcHrnxx nnnIrrnr