Evening star., 1936-02-25
D. c. INSURANCE
DOWN SLIGHTLY
Total Only Off 2 Per Cent
While National Average
Says 26 Per Cent.
BY EDWARD C. STONE.

rose-dive over most of the United
States in January, Washington agents
did almost as much business as
year ago. The national average tum-
bled 26 per cent, but new policies in
the Capital were off only per cent.
According to the monthly review
from Hartford, an extra large amount
of new insurance was written in Janu-
ary, 1885, just before premium rates
were quite generally increased, max
. ing it very difficult to equal such high
figures this year. The State-by-State
analysis shows that only seven States
made better showing than the Dis
trict Of Columbia
Agents here wrote $4,800,000 new
policies in January, 49 per cent of
the firms having offices in Washing
ton doing more business than they did
q year ago. In nearby territory, West
Virginia reported drop of Is per
cent; Virginia, 10 per cent; North
Carolina, % per cent; Maryland, %
per cent. or per cent lower than
the national average, and South Caro-
lima, 80 per cent.
New business in the South Atlantic
district. which also takes in Delaware,
Georgia and Florida, totaled S33.l19.-
600. Maryland business amounted to
S5,978,000, Virginias to $5,480.000,
West Virginia added $3,7O0,0 900 in new
policies, North Carolina SIS ,494, 900 and
South Carolina $1,813 900.
New business in New York State was
80 per cent lower than last year, only
Louisiana, with As per cent plunge.
being under the Empire State. Arizona
headed the list with n per cent gain.
Comparison of cities reveals that
Washington stood far ahead of Bos-
ton, Chicago, Cleveland, Detroit, Los
Angeles, New York. Philadelphia and
st. Louis. Not bad start for 1886.
Record for League Dinner.
Robert E. Buckley, president of the
District of Columbia Building and
Loan League, announced this noon
that there will be more than 400
guests at the sixth annual banquet at
the Mayfower Hotel Thursday eve
ming, new record for attendance.
Rudolph w. Santelmann, chairman
of the Entertainment Committee, has
arranged a fine program which in
cludes no speech-making. Carl Berg
mann. president of the league last
year, has been active in helping make
the preliminary plans for the dinner.
Among special guests invited, who
have stated they expect TO be present,
are Horace Russell. general counsel of
the Home Owners Loan Corp; o. K.
La Rogue, president of the Federal
Home Loan Bank at Winston Salem:
Senator and Mrs. King Of Utah, Com
missioner Hazen and I. l. Chorpening,
chief national bank examiner in this
district.
Atlanta Area Improving.
Reference to the Commerce Depart
ment's latest survey of business con-
ditions in the Atlanta Federal Reserve
district showed retail sales better than
a year ago and bank clearings on the
upgrade. The review adds that real
estate business continues strong, fea-
tured by the investment purchase of
a large apartment building in Atlanta
and increasing transactions in high
priced residences and building lots.
So far this year 16 firms employing
III persons with an annual pay roll
of $780, 900 have located in Atlanta.
New firms launched during 1885 added
$2,639,000 in pay rolls. The report
also notes:
"a Georgia textile plant distributed
$4,000 bonus last week to approx
mately 1900 employees. A nationally
known hosiery mill plans to move
plant to Georgia. Immediate work
will begin on s827,000 University of
Georgia construction program"
Call Carl Directors Named.
At the annual stockholders meet
ing of Call Carl, Inc, the following
directors were unanimously reelected:
Chaplin B. Bauman. Joseph A. Bur-
kart, Herman F. Carl Edmund o.
Carl, Louis c. Carl, Frederick Carl,
James E. Smith and Eliot H. Thom-
son, and at their organization meeting
the directors elected the following
officers: President, Herman F. Carl;
vice president and general manager,
Edmund o. Carl; secretary-treasurer.
Louis c. Carl; attorney, Chaplin B.
Bauman, and counsel Joseph A.
Burkart.
Business men are keenly interested
In the announcement that David FRI
day, well-known economist, will ad-
dress the Advertising Club of Wash
ington on Friday evening at the Will
lard. DR.. Fridays topic will embrace
the position advertising has in the
economic picture, and, according to
Charles ]. Columbus, club secretary,
capacity audience will be on hand.
Financial District Shocked.
The financial district was shocked
today to learn of the death of Charles
c. Glover, sr., honorary chairman of
the board of the Riggs National Bank.
who for several decades was one of
the financial leaders of the Capital
He had been ill nine years, but his
death today came as a surprise.
At the same time it was reported
that Col. Robert N. Harper, former
president of the closed District Ma
tional Bank, had suffered heart at
tack and had been taken to Emergency
Hospital
Added to these announcements
came the report that William j. Fla
ther, Riggs vice president, was still in
a critical condition today from double
pneumonia.
Exchange Honor" Glover.
Following brief trading session to-
day, the Washington Stock Exchange
adjourned out of respect to the mem
ory of the late Charles c. Glover, sr.
He was one Of the oldest exchange
members.
During the trading session Mergen-
thaler Linotype sold at Al, Riggs Ma
tional Bank preferred stock at 104,
Washington Railway g. Electric per
cent bonds at 106 and $1,000 Colum-