Evening star., 1936-02-14

E. Herring, purchasing agent; D. Saw
yer, experimenting engineer; c. H.
Ray. general agent, Washington; P. G..
Minter, general agent, Norfolk; H. N.
Larcombe. agent Alexandria, and C. S.
Revell, joint agent, Old Point Comfort.
The stockholders reelected these
directors, all of whom have served the
steamboat company for several years;
H. N. Brawner, jr: Wreisley Brown.
G. w. Forsberg, William D. Hoover,
c. F. Norment, ST.: c. F. Norment, jr.:
George p. Sacks, O. S. Smith and
George L. Starkey.
Three New Directors Named.
At the annual meeting of stock
holders Of the Fidelity Storage Co.
yesterday the following new directors
were elected: Philip p. Campbell, for
mer chairman of the Rules Committee
of the House of Representatives, who
is taking the place of the late Charles
Curtis; W. C. Woodward, acting sec
retary of the company, who takes the
place of C. J. Lipp, formerly secretary
and treasurer of the company. who
has resigned; Mark Winkler, manager
of the real estate department of the
company.
H. H. Darneille Frederick de c.
Faust. David B. Karrick, Harry S.
PLACER and Eugene B. Roberts, former
members of the Board of Directors,
we're all reelected for the ensuing
year.
Assets and Insurance Gain.
Allen c. Clark, secretary of the
Equitable Life Insurance Co. of Wash
ington. has sent out the annual state
ment to policyholders showing total
assets on December 81. 1885, as sl1,-
21l.963.51. compared with sl0,484,-
631.8l at the end of 1884, an increase
of 727,30l70 during the year.
Insurance in force at the end Of
1885 totaled SIS, SIT. against s69.-
cl2,933 on December 81, 1884, an in
crease in 1885 of S6.441.744. The
company has 100000 capital stock,
contingency reserve of $407, 7,l46.1S and
a surplus of s500,000.
The Equitable's present officers are
Henry P. Blair, president; Joseph San
ders, Lauriston H. Hannah and Gil
bert A. Clark vice presidents; Allen
C. Clark, secretary, and Maurice D.
Rosenberg, counsel.
Agency Personnel Entertained.
Harold J. Cummings. vice president,
and A. Howard Phantom. superintend-
ent of agencies, of the Minnesota Mu-
tual Life Insurance Co., entertained
General Agent Charles w. ODonnell
and the rest of the personnel of the
Washington Office at luncheon at the
Hay-Adams House on Lincoln's birth
day. The agency wives" were also
present.
Referring to the company's activi-
ties in 1885, Mr.. Cummings reported
$197,860,562; assets increased to $685.
S76,189; surplus and contingency
funds increased to S2,175,Ol0: new life
insurance paid for in 1885 amounted
to s33, ,409 900, an increase of IL per
cent over 1884. Mortality experience
for the year 1885 was So per cent of
the expected. Since 1929 insurance
in force has increased over per
cent, assets have increased by so per
cent and surplus funds have increased
81 per cent.
Washington Near Normally.
Washington was among the As cities
of the United States that were closest
according to the monthly survey of
business conducted by Brooke, Smith
IL French, Inc. New York and De-
troit national advertising concern.
At the end of the month Washing
ton stood only per cent below nor
NAL. This represented an increase of
4 per cent over the preceding month,
December. and gain of % per cent
over January year ago. Sixty-three
of the lat trading areas of the United
States showed business gains in jan
uary. 19 remained the same and 65
lost ground, but only slightly.
Lands Outlines Problems.
In his address before the Washing
ton Bond Club yesterday, James M.
Lands, chairman of the Securities
Exchange Commission, gave a most
interesting and informative outline of
the many problems encountered by
the commission in its vigorous efforts
to protect investors in all types of
securities. President James H. Lemon
introduced the guest speaker.
Charles H. Doing, president of the
District Bankers Association; Y. e.
Booker, president of the Washington
Stock Exchange, and Ralph NJ Wolfe,
president of the Ticker Club. were
among those present. Francis G.
Addison, jr., and c. H. Pope, past
presidents of the Bankers Associa-
ton, were also In attendance. The
meeting was at the Racquet Club and
the turnout the largest on record.
Bankers Back From Farley.
The large delegation of Washing
ton bankers who attended the trust
conference in New York were back
at their desks today, enthusiastic over
the various sessions. The three-day
congress wound up with dinner last
evening at the Waldorf-Astoria, at
which Robert v. Fleming. president
of the American Bankers Associa-
ton, was the chief speaker.
The Insurance Women's Club Of
Washington will hold its February
meeting at Sholl's Cafe, 3027 Four
teenth street, Monday evening at
O'Clock, with C. Nelson Bean as the
guest speaker. He will discuss recent
new insurance rules and rates. Miss
Mabel Royce is the club president.
It is understood that the Treasury
has authorized a payment of 10 per
cent to the depositors and creditors Of
the Commercial National Bank. Full
details will show the exact payment
dates, which will be soon.