Evening star., 1936-08-21
Nearby Gains Narrowed.

new YOrk -..------- fl
Philadelphia -------- rs u
st. Louis -------- tl2 E"
Nearby Gains Narrowed.
Insurance business in nearby States
continue to show gains over year
ago, but in some cases the margin
has narrowed. In July, Maryland
sales reached $6,987, ,000 or a gain
of / per cent over July last year, but
suffered a setback of 4 per cent in
the seven months compared with a
year ago. The States II months total
was 4 per cent below the previous
~ months.
Virginia's July total was IL per
cent above a year ago, while the
seven months figure was down 5 per
cent and the IL months figures was
1 per cent down.
In West Virginia, the $4,628,00o
July sales were % per cent above a
year ago, the seven months total was
down 4 per cent, while volume for the
last IL months equaled that of the
previous period.
The North Carolina July total OF
ago, the seven months figure was
down per cent, while the IL months
volume was of S per cent.
The July total for South Carolina
was s2,973 900 or "a per cent above
the 1885 month. The seven months
total was per cent lower, but the
- months figure was per cent above
the previous level.
The entire South Atlantic area,
which also includes Delaware, Georgia
and Florida showed July gain OF 8
per cent, but a seven months decline
of 4 per cent from year ago. The
AZ months total was 2 per cent lower.
Broderick on A. I. B. Program.
J. A. Broderick, one of the governors
of the Federal Reserve Board, Is to
take part in the Nationwide RADIO
commencement program sponsored
Eeptember 8, by the American Institute
of Banking. it is revealed here. His
subject will be Adult Education In
Banking"
Starting in 1888, the institute each
year has been given, through the
courtesy of the National Broadcastmg
Co., one-half hour of time and coast
to-coast hook-up for the purpose of
holding simultaneous commencement
exercises in all of the 200 odd chapters
tn the country.
In 1888 the speaker was Newton D.
Baker; in 1884, H. T. F. O'Connor
delivered the commencement address;
last year, the speaker was DR.. Rufus B.
Kleinschmid, president of the Uni
versity of California.
DR.. Harold Stonier, national educa-
tion director, will introduce Gov.
Broderick for this years exercises at
1890 pm, Eastern standard time.
Women to Be Insured.
Decision has been reached by the
Acacia Mutual Life Insurance Co. to
insure women from the ages OF 16 to
30 years.
Announcement of this important
step in the progress of the company
was made today by William Mont
gomery, president of Acacia.
Extension of the benefits Of Acacia
eoverage to women comes as a direct
result of a large and steadily growing
volume of requests for such action,
and Is a natural move in the sound
and steady development of the COM
pany," Mr.. Montgomery said.
Says Europe Is Inferno.
DR.. Max Winkler. consulting econ
omist of Independence Fund of
North America, Inc, returned today
from an extensive European tour and
said that Europe, and especially the
continent, remind the observer of that
people depicted so well by Dante in
his Inferno; people silent and weep
ing who can look only backward be-
cause to look forward is denied them
National antagonisms, racial
hatreds and political aninlosities have
been increasing steadily since the war
and are responsible today for the
financial and spiritual bankruptcy of
the continent.
Whatever business activity there
exists in Europe today is attributable
chiefly to excessive spending, largely
for non-productive purposes. AL
though an impoverished Europe can
Ill afford such extravaganza, currency
rnanipulations, the piling up Of an
internal Indebtedness, barter arrange
ments, q system of blocked exchanges
and numerous other devices are being
employed successfully to postpone the
inevitable"
Bonus Cashing Slackening.
The American Banker reports there
has been a steady slackening in the
cashing of the bonus bonds, Treasury
figures reveal. The total amount
cashed up to August is amounted
to $1,176.496,050.
It is estimated that, as of August
10, approximately 66 per cent of the
total of bonus bonds issued had beer
redeemed and approximately "a pei
cent were being retained by the vet
Grams.
The Treasury Department publishes
rs q part of Treasury Decisions, issue
Of August 13. 1886, regulations under
distributed profits of corporations;
sections 26 and ~, relating to credits
of corporations, and section lis, relat-
ing to distributions by corporations.
Maj. Erskine Gordon, trust Officer
at the Hamilton National Bank, l.
away for q two-week vacation. He
plans to spend part Of the time al
woodbury. Forrest, Va.
Notice was received from the Rich.
mond Reserve Bank this morning ol
q sso.0o0.ooo offering of Treasury billi
dofad A,,o1,rt Ce 1o2R ond y,,atssriy,t