Evening star., 1936-03-09


- - monthly luncheon
"' " program. During
1884 and 1885 he spoke to more than
10000 life underwriters and their
policyholders. An inspirational speak
er, he has host of insurance facts at
his command.
State general agent for Oklahoma,
he has been connected with the Pa
cific Mutual for IS years. He has
been vice president of the National
Life Underwriters Association for two
terms and president of his home State
association. Because of his work for
the Red Cross, Community Chest and
ether civic organizations he was voted
Oklahoma CityS most useful citizen.
The District Life Underwriters AS
sociation has grown very rapidly dur
ing the past year. The extension in
numbers has enabled the officers to
obtain better and better speakers for
the monthly luncheons.
Peoples Drug Sales Improve,
Sales of Peoples Drug Stores, Inc,
for February, as reported by the head
Office here, totaled $l,65l ,507, against
Sl,428,088 in February, 1885. an in
crease of $223,4l9, or 1876 per cent.
Sales for the first two months of 1886
totaled S3,26449l, as compared with
S2,895 .046, in increase of S369.445 over
the like period year ago, or 127 per
cent. Peoples rug sales for January
showed a gain in January of SO per
cent over December, the last three
months scoring substantial improve
ment.
Wide interest is being manifested
in the financial district here over the
meeting of the directors of the Fed
eral Reserve Bank of Richmond next
Thursday when successor to George
j. Seay as president of the Bank of
Richmond will be elected. No names
have yet been mentioned in connec-
ton with the position, at least so far
as is known here. 1t is a $4,000 job,
so is not likely to go begging.
General regret still is heard over
The Tatirement of Gov Seay as
result OF the action taken by the
governors of the system in Wash
jnR0on. He has been known per-
solally to leading bankers In the
Capital for the last % years and has
often received unstinted praise for
his able work at Richmond. His fire.
quent attendance at conventions of
the District Bankers Association has
been enjoyed by the delegates Al
though at retirement age, his friends
are pleased that he is still in good
health.
More Bank Bandits Foiled.
Courageous action by bank officers
and employees to protect the property
in their care is frustrating many
attacks by bank bandits, according
to an article by H. j. Beppler in the
current issue of the American Bankers
Association Protective Bulletin.
The number of bandits killed and
the casualty list of bankers and others
injured in banking's warfare against
banditry during January are larger
than in many months" Mr.. Beppler
writes Quick action in spreading
alarms, speedy response of police au-
thorities and the gunfire of marks
men contributed to a casualty list of
four bandits killed and two wounded"
Three bank employees and two peace
officers were wounded in line of duty
and two bystanders were also injured.
In the five months ended January
81, 1886, the total number of rob-
berries perpetrated against banks was
95 as compared with 1877 similar at
tacks in the corresponding period a
year previous. "A continuation of
this sharp reduction in the most dan
serous of bank crimes" Mr. Beppler
says, promises that 1896 will show
the lowest number of bank burglaries
and holdups since 1919"
Financial District Gossip.
Investment bankers meeting at the
MayfoWer Hotel Saturday expressed
the opinion that the general outlook
for the bond market is favorable. The
bond men were greatly pleased with
the program provided for the South
eastern group of the Investment
Bankers Association of America. The
forum discussions brought out food
OF practical ideas.
The Reserve Board has launched
study of the movement of bank de-
posits in the country, which will in
clude an analysis of large deposit
accounts, 100000 and over, and will
attempt to classify the deposits by
types of business in an effort to in
terpret recent monetary developments
and discover, if possible, tie volume of
money available for investment.
Directors of the Munsey Trust Co.
have declared an extra dividend of
rs cents per share, to be paid on April
] to stock of record March 20, and
similar disbursement to be made on
July to shareholders of record June
20; also the regular quarterly dividend
of 81 per share, payable April l to
stockholders of record March 20 and
81 per share. payable July to holders
Of record June 20.
Bankers are making reservations in
large numbers for the testimonial
luncheon to be rendered Assessor w.
P. Richards next Saturday noon at
the Raleigh Hotel. Albert S. Galley,
executive vice president of the Lincoln
National Bank, is treasurer of the
special Committee of Arrangements.
The final reservations are now being
made.
Bonds in Strong Demand.
Bonds were in good demand on
the Washington Stock Exchange to-
day when the weeks business opened.
Anacostia & Potomac r. r. IS figured
In two $1,000 sales at 81, and there
were six consecutive $1,000 sales in
Capital Traction SIS at 9012.
Peoples Drug Stores preferred came
out at 1101a today, Potomac Electric
5h per cent preferred moved at lib
and 1l21a and Washington Railway
g. Electric at 111A.
Karl w. Corby, partner in w. B.