Evening star., 1935-07-24
D|CKEY RENAMED
DEAN FOR A. |. B.
Attorney to Head Faculty
During Coming Season
of Institute.
BY II. b. ROGERS.

night was reappolnted dean Oh tne
faculty of the Washington Chapter,
American Institute of Banking, at the
first regular meeting of the Educa-
tional Committee of the institute last
night at the American Security q
Trust Co.
Plans were made for the coming
season of the institute, to open WIN
the usual educational dinner OF con-
soIs and committee chairman, to be
held at the Raleigh Hotel. Septem-
her II or IL. The dinner probably
will be addressed by one of the ma
tional officers of the institute as guest
speaker. School courses Will oegm
late in September.
Mr.. Dickey, in addition to his duties
as dean of the faculty, will teach the
course known as Law II"
New Course Offered.
A new advanced course to be Of
fered this year will be Trust Func-
tions H." to be presented by The
odore Coeswen register of wills OF
the District of Columbia. This Will
supplement the course offered fast
wear by Mr. Cogswell, known as
Trust Functions l."
All other former members OF the
faculty who will be available this
wear. were retained by the committee,
to offer work during the coming sea-
son.
DR.. Eliot H Thomson, publicity
manager of the Washington Loan
a. Trust Co. will present Banking l.
Bolitha J. Laws. former United
States attorney for the District OF
Columbia will give Law l..
Norman Towson of the Washing
ton Loan g. Trust Co. will give
Economies.
Credits T. will be taught by Har-
old w burnside, assistant cashier OF
Riggs National Bank.
Frederick P. H. SiddonS, secretary
Of the American Security & Trust Co.,
will teach Banking III
BIaiklock Presides.
The meeting last night was presided
over by Edward M. Blaiklock OF the
Washington Loan g. Trust Co., chair
man of the Educational Committee.
A large attendance is expected at
the Fan term. Much interest in the
work of the institute was evlnced al
the meeting by the large turnout OF
committee members, even on a hot
night.
Among those present were j. Earle
McGeary of Hibbs g. Co., president of
the Washington chapter of the insti-
tute; Robert H. Lacey of Columbia
National Bank, James A. Soper, Lin
coin National Bank; Richard A. Nor
ris, Lincoln National Bank; Paul j..
Seltzer, American Security g. Trust
Co.: William H. Laughlin, Washington
Loan & Trust Co.; Frank M. Perley,
American Security g. Trust Co.; Wal
ton L. SanderSon Hamilton National
Bank; T. Hunton Leith, Security Saw
ings g. Commercial Bank; Francis M.
Robey, Bank of Commerce g. Savings;
Robert G. Whitton, First National
Bank of Alexandria; Miss Constance
d. Fogle, Riggs National Bank; Bruce
Frantz, American Security & Trust
Co.. and George Earnshaw, National
Metropolitan.
Insurance Gains Shown.
Insurance in force of the Provident
Mutual Life Insurance Co. showed a
gain of over $2,50O,000 during the first
six months of 1885, according to Ed
ward Marshall, vice president and
actuary. Total insurance in force on
June 80, 1885, stood at s937 ,293 900
as compared with 1894, 1857 900 on De-
cember 81, 1884, representing the first
increase since 1881.
Reasons for this gain, according to
Mr.. MarShalls statement, include an
increase in the sale of new insurance
for the first six months of this year,
and steady decrease in net cancella-
tions. Such cancellations for the
first half of this year amounted to
S4,5l6,000, as against $5,003, 900 in the
corresponding period of 1884.
New paid life insurance for the first
six months of this year amounted to
s47.558,00 a gain of 1872 per cent
over the same period last year.
Earnings Improve.
Beneficial Industrial Loan Corp and
subsidiary corporations report con-
solidated net earnings for the six
months ended June 80, 1885, of 81
497 7,543.59 after all interest, amortiza-
tion charges and provision for minor
ity interest and Federal taxes.
After the payment of dividends on
preferred stock, series A, net income
applicable to the common stock
amounted to $2,12O,553.74, equivalent
to $1.01 per share on the 2,092, ,444
shares outstanding June 80, 1885.
This compares with 98 cents per
share for the corresponding period OF
1894.
Standard Investing Reports.
The Semi-annual report of STANDARD
Investing Corp. shows that the cor.
poration's assets on June 90, 1885, in.
cluding cash, securities, ETC., after de.
duction of all current liabilities, hac
an approximate market value o
S7,597 ,937, compared with S7,438, ,19(
on December 81. 1884
The asset coverage of the corpora
biOAL 0CbCAlIulSo Oll 90 was dP
proximately sl,286 per $1,000 deben
ture, against 81, ,l73 at the end of thu
year.
The indicated asset value of the pre-
ferred stock was $3o.69 per share
against 1888 per share on Decem
ber 81, 1884.
Trading on d. C. Exchange.
Trading was light on the Washing
ton Stock Exchange today Potoma
Electric 51as preferred turned over a
ISIS. Washington Railway preferre
sold in two lots of five shares each a
1852 Capital Transit was out wit
10 shares at >2o1a and another sale @
eight at the same price. Norfolk
Washington Steamboat went at 88A