Evening star., 1936-10-20

September S48,260 19b,b5
With such marked upward trends
In the first nine months OF 1886, 1t
now seems safe to predict that the
fourth quarter will see the telephone
figures continuing to advance into
new high ground, revealing still fur
ther business prosperity.
Cook to Address Underwriters.
DR.. Henry w. Cook, vice president
and medical director of the North
western National Life, Minneapolis,
will be the guest speaker at the lunch
con meeting at the District OF CO.
lumbia Life Underwriters at the VIII
lard Hotel tomorrow noon.
Dr.. Cook, medical director for the
Northwestern since 1906. has made
several outstanding contributions to
the science of the medical selection of
life insurance risks. He was the nrst
to recommend the use of the blood
pressure machine in life insurance
examinations, in 1904, before the Asso-
citation of Life Insurance Examining
S;1rgeons. of which he was at that
time president. He also invented the
first blood pressure machine sold in
this country in 1902.
Credit Head Urges Caution.
In his monthly review sent to the
Washington Association of Credit
Men, Executive Manager Henry w.
Heimann of the national association
calls attention to the almost startling
~ if,d nlaPtrlP
power output, car loadings and the
expected sales in the new automobile
models; also to the decline in busi-
ness failures and the expansion in
commercial loans.
At the same time he issues warm
ing against too much instalment buy
ing, with the payments spread over
a period of three or four years. He
also thinks the recent recovery in the
stock market has been too rapid. 1--WE
crashed because of our speed in '29,
but once again the throttle is wide
open," he comments.
Sheriff. Praises Retailers.
Col. Clarence o. Sheriff. of Wash
ington, president of the American Re-
tail Federation, and former superin-
tendent of public buildings and
grounds, addressed the annual region
al conference of the Philadelphia
Chamber of Commerce today. He de-
clared that retail store is as much
of a necessity as any public utility
such as transportation systems, gas
or electric light companies
In discussing the services rendered
a community by retail store, he said:
''Tt Is easy for the public to forget
that the retailer erects buildings. CIV
ing employment to the construction
industry, ships enormous volumes OF
goods by rail and motor, thus giving
continuous employment to those en-
gagged in transportation, employs
large numbers in this store continu-
ously throughout the year.
The retail store is the general center
Of interest of the housewives of the
country, COL Sheriff. pointed out, and
1t must be set up and operated in ac-
cordance with their wishes.
ID. C. Accountants at Dallas.
Many Washington accounting ex-
perts are attending the annual con-
vention of the American Institute of
Accountants, now in session at Dallas,
Tex, among them being D. w.
Springer, secretary of the American
ants: James A. Councillor, past pres
ident of the organizatio and William
Gordon Buchanan, who has been pres
ident of Washington Chapter, Nation
el Association of Public Accountants.
When leaving here, the Washington
delegates expressed particular interest
in the move to consolidate the insti-
tute with the American Society of
Public Accountants. This matter is
expected to be settled at the present
meeting.
Joins McLachlen Bank Staff.
Garrett A. Pendleton, national
bank examiner in the Fifth Federal
Reserve district, has been named as
sistant treasurer of the McLachlen
Banking Corp, effective November /,
President Lanier p. McLachlen an
nounced today. The new official Is
"a years old, a native of Washington,
and obtained his early education in
Emerson Institute and the American
Institute of Banking. He is gradu-
ate of Syracuse University and started
his financial career with the Riggs
National Bank. Recent business ex-
pansion has called for the enlarging
of his staff, President McLachlm
states.
Lanston Hits New 1886 Peak.
Lanston Monotype stock reached a
new 1886 peak at 80 on the Washing
ton Stock Exchange today, up from
the last previous sale at 861z.
National Capital Bank stock again
sold at l40, the high for the year, and
Lincoln National stock came ollt at