Evening star., 1936-06-22

formal opening exercises this eve
ming. Guests at this session will in
clude Robert v. Fleming, head OF the
A. B. A.; Robert c. Clothier, presi-
dent of Rutgers, and Lewis E. Pear
son, New York banker, who is chair
man of the Board of Regents OF the
Graduate School.
Following the opening exercises the
first seminar session will be called
to hear w. M. Kiplinger, Washington
business writer, who will speak on
whats Ahead in Washington" The
large faculty include two members
from the capital-George P. Barse,
general counsel, Office of the con-
troller of the currency; and Edward
Stone. from the Governments Re
settlement Administration.
The Board of Regents include some
very distinguished bankers, among
whom are Walter J. Cummings, chair
man of the board Continental Illinois
National Bank g. Trust Co., Chicago;
A. P. Giannini, chairman OF the
board. Bank of America National
Trust g. Savings Association. San
Francisco; Harry ]. Haas, vice pres
ident, First National Bank of Phil
adelphia; Francis Marion Law, presi-
dent First National Bank in Houston,
Tex; William McC. Martin, gover-
nor, Federal Reserve Bank of st.
Louis; Lyman E. Wakefield, presi-
dent, First National Bank g. Trust
Co. of Minneapolis, Mimi, and Ed
mund S. Wolfe, First National Bank
e. Trust Co. of Bridgeport, Conn.
d. c. Insuance Sales Of.
New life insurance written in Wash
ington in May was 2 per cent lower
than the total sales in May year
ago, the Hartford Sales Research
Bureau reported today. The national
total was l per cent better than a
wear ago, being the best since last
November. Washington. however, has
had many months since then when
the records were better than a year
ago. May sales in Washington to-
tailed s5,07s000.
All the nearby States in this terri
tory were under the national average.
Virginia wrote the same amount OF
new business as year ago, total
of S5,798,000. West Virginia business
was off l per cent from May, 1885,
S4.177,00O. while South Carolina came
next with q 3 per cent drop to
$2,750,000.
New business in Maryland was
down 4 per cent, new policies totaling
S756l 1000. North Carolina was hard
hit, the total being Is per cent under
May of last year. The total was
S5,580,OO0. At the head of the list
IN MAY was Delaware with 38 per cent
gain: at the foot was Louisiana with
o 16 per cent drop.
For the first time this year Boston,
Los Angeles, New York, Philadelphia
and St. Louis made a better showing
than Washington. Chicago, Cleve-
land and Detroit did not do as well in
getting new business.
Carey TO Address Accountants.
Certified public accountants of the
District of Columbia will meet for
dinner at the Kenwood Country Club
this evening at o'clock. MIR. John
L. Carey. secretary of the American
Institute of Accountants, will be the
guest speaker.
A business meeting will be held
after the dinner at which elections
for three vacancies on the board OF
governors, due to expired terms, will
be held. An auditor also will be
elected.
The meeting will be conducted
under the direction of Harold c.
Anderson, president of the District of
Columbia Institute.
Harris Convention Chairman.
John F. Hillyard, chairman of the
safe deposit section of the District
of Columbia Bankers Association, has
appointed Richard E. Harris, assistant
treasurer of the American Security
g. Trust Co., chairman of the General
Convention Committee, which will
have charge of arrangements for the
National Safe Deposit Convention, to
be held in Washington next Spring,
Mr. Harris is a past chairman of
the safe deposit section and has
recently been appointed on the Exec
htive Committee of the National Safe
Deposit Advisory Council and is also
chairman of the Membership Commit
tee of that council.
1t is expected that over 300 dele
gates will attend the convention from
all parts OF the country and Mr..
Harris and his committee will en-
heavor to make it one of the most
successful ever held.
Acacia Opens New Building.
The big new home Office building of
E1e Acacia Mutual Life Insurance Co.,
on Louisiana avenue facing the Cap
itol, and costing nearly 81 900 900, was
put into service today. The building
Is so constructed that additional units
can be built at any time as business
expands The building is up-to-date
In every way and especially adapted
10 the needs of any insurance company.
President Montgomery said today that
the formal opening for public inspec-
lion will take place later in conjunction
with a convention of field representa-
tives. Employees were most enthusiastic
today over their fine new surroundings.
Directors Vote Dividend.
Directors of the Security Storage Co.
have declared the regular quarterly
dividend of $l.25 per share on the
capital stock, payable July 10 to share
holders of record at the close Of busi-
ness July 6.
Capital Transit was stronger on the
Washington Stock Exchange today,
with 80 shares selling at 1412. The
remaining trading was confined to
bonds, which maintained strength.
Washington Gas SIS, 1s48. moved on
81 900 turnover at 1861. Washington
Gas series B bonds appeared on the
board in 81 900 and $500 transactions
at 1905 and 81 900 Washington Rail-
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