Evening star., 1936-11-19

Ing WIN MIN are NJ u.,.L.
Paul Sleeper. gen.
eral agent for the Aetna Life Insur-
ence Co.. and Joseph Mari. general
agent of the Penn Mutual Life Insur-
snce Co.
John Marshall Holcombe, jr., man.
sger of the Life Insurance Sales Re
search Bureau of Hartford, Conn, is
conducting this congress, the first Of
Its kind to be held in Washington.
Assisting Mr.. Holcombe are K. H.
MathuS and John H. Jamison. j. M.
Strait, Washington branch manager
Cor the Sun Life Assurance Co. of
Canada, announced this morning that
more than go general agents, mana
gers and supervisors had enrolled for
the two-day course. Included in this
number are several managers from
Baltimore and Virginia.
Convention Plans Boosted.
Members of the Publicity Commit
tee from the Washington Banks ar
ranging for the National Safe Deposit
Associations convention, to be held
here next Spring, had meeting late
yesterday afternoon. The meeting is
slated for May 6, z and 8.
A local and national advertising
campaign was discussed, such publicity
being intended to give full informa-
tion to the 25 safe deposit sections
in as many cities, which will be rep
resented at the Washington conclave.
Miss Eva Kicker of the Farmers &
Mechanics branch of the Riggs Ma
tional Bank, committee chairman,
presided at the meeting. Other men,
bers present included I. ]. Roberts,
assistant cashier, Riggs National; Eliot
H. Thomson, publicity manager of the
Washington Loan & Trust Co.; Rob-
ert L. Flather, assistant secretary,
American Security g. Trust Co.; Mrs.
Alice E. Ballenger. Potomac branch,
Hamilton National Bank and Donald
w. Larson, secretary of the District
Bankers Association.
Textile Stock Offered Here.
James M. Johnston g. Co. of this
city was one of the firms underwrit-
Ing 80, 300 shares of the $3.50 cumu-
lative convertible preferred stock
and 10000 shares of common
stock of Beaunit Mills, Inc,
which was offered today. The
preferred was offered at s25 a share
and the common at $40 a share, the
common already having paid dividends
of $2.40 this year. The issue was
approved by the Securities & Ex-
change Commission Tuesday.
The company has three big plants
In different cities. Company officers
have agreed to make application to
list both the preferred and common
stock on the New York Curb Ex-
change. 1t was learned at the Office
Of James M. Johnston & Co. this noon
that both issues have already been
oversubScribed. In fact, the stock is
already being quoted at a premium.
During the first eight months of this
year business was we'll ahead Of the
like period in 1885.
Investment Officers Named.
The Regional Committee for District
No. II, Investment Bankers Confer
ence, Inc. covering Washington, Mary
land, North Carolina, Virginia and
West Virginia, has just organized for
the coming year with the election of
Y. E. Booker, head of the investment
firm of that name, chairman, and
Myles H. Quail of the same firm, Sec
retary
clude Ellicott Worthington of w. w.
Lanahan, Baltimore: z. K. Dunn,
Robert Garrett & Sons, Baltimore;
Walter s. Robertson, Scott & String
fellow, Richmond, and Oscar Burnette
of Oscar Burnette & Co., Greensboro,
NC.
Chairman Booker announced today
that he had appointed Nominating
Committee to select a successor to B.
H. Griswold, whose term as member
of the Investment Bankers Conference,
Inc. representing this territory. expires
on January Is. The Nominating Com
mittee is made up of W. W. Mackall,
jr.. of Washington, chairman; Claude
Wilhide, Baker, Watts g. Co, Balti-
more, and Russell F. Hall of Lewis &
Hall, Greensboro, N. c.
Nevius Starts Fortieth Year.
It was learned at the Riggs National
Bank today that Avon M. Nevius, vice
president, started his fortieth year
with the institution this morning. It
Is interesting to note that at the time
he Joined the staff he gave up posi-
tion as night operator with the tele-
phone company. He and Harry Gran
dali were the two night operators who
took care Of all the calls In the city.
there being only 1.4oo telephone SUBJ
scribers Incidentally, Riggs Bank had
between $4,000. 900 and $4,000, 900 in
deposits 40 years ago. Mr.. Nevius re-
ceived many congratulations today on
his long service.