Evening star., 1937-12-01


jsA jl9ss&s$$s$sAs - e. president of the
Edward c. Ba,t.. United States
Building an d
Loan League, this being the highest
honor in the gift of the Nations build
ing and loan association leaders. He
Is former president of the District
League and is secretary of the Per-
petual Building Association.
Representative Dirksen declared that
greater mutually of spirit is needed
to keep the country on the proper
recovery road. The building and loan
associations are in most strategic
position as regards any move aimed
at new housing and improved housing
facilities. He insisted that the build
ing associations should go just as far
as possible in furnishing funds for
building expansion, always keeping in
mind sound economic and business
principles.
He is particularly interested in the
renovation of old houses and other
buildings which are 50 detrimental to
the beauty of many cities and towns.
In fact, he hopes that some day there
viii be some kind of a nuisance law
passed which will force property own
ers to keep all buildings up to certain
standard or have them removed.
National Officers Present.
Arthur G. Bishop, president of the
District of Columbia Building e. Loan
League, presided. Mr. Baltz was sur
rounded by officers of the national Or
eanization, as we'll as men high in af-
fairs of the Nation and city The
special guests of honor included:
Morton Bodfish, executive vice pres
ident, and H. F. Cellarius, secretary
treasurer. United States Building &
Loan League; Edward F. Colladay,
president, Board of Trade; Robert J.
Cottrell, secretary, Board of Trade:
Preston Delano, governor, Federal
Home Loan Bank System; Everett M
Dirksen, Representative, Illinois; Will
liam S. Dubel, president. Maryland
Building d Loan League; John H Fa-
hey, chairman, Federal Home Loan
Bank Board; l. Friedlander, past
president, United States Building &
Loan League; E. c. Graham, president,
Hamilton National Bank; Thomas j.
Groom, president, District of Colum-
bia Bankers Association; Melvin c.
Hazen, president, Board cf District
Commissioners; v. Manning hoffman,
president, Reciprocity Club; C. Clin-
ton James, chairman, Legislative Com
nittee, United States Building g. Loan
League; William H. King, United
States Senator from Utah: Donald w.
Larson, secretary, District Bankers As
).ociatlon; George E. McKinnis, past
president, United States Building g.
Loan League; George p Mangan. pres
ident, Kiwanis Club; Francis Murray.
frst vice president, Washington Real
Estate Board; j. F. r. O'Connor,
controller of the currency: LIE Grand
". Pellet, past president, United States
Building & Loan League; Philip Pitt.
secretary, Maryland Building & Loan
League; Charles j. Rush, secretary,
Washington Real Estate Board: Hor-
ace Russell, general counsel, Federal
Home Loan Bank Board; Edward D.
Shaw, secretary, Merchants g. Manu-
facturers' Association; George w. West,
second vice president. United States
Building & Loan League; Roger
Whiteford, attorney, and Ford E.
Young, president, Merchants g. Manu-,
facturers Association.
Commissioner Melvin c. Hazen, who
was introduced as a building and
loan man." lauded Mr.. Baltz and the
building and loan associations of the
Capital. He also praised the work Of
Senator William H. King as chair
man of the Senate District Committee.
Senator King added his tribute to
the honor guest and stressed the i'm
portance Of the building associations
to the whole country.
Secretary Morton Bodfish of the
national league said that the asso-
ciation would naturally cooperate as
lar as possible in the Nationwide move
to spur construction, now before Con-
Eress.
Mr.. Baltz, as the concluding speaker,
expressed deepest gratitude for trib-
utes paid him. as well as thanks to
tnose whose work made the luncheon
such brilliant success Secretary F.
wilson Camp reported all the local as
soclations represented by their leading
officers.
Peoples Drug Votes 81 Extra.
Directors of Peoples Drug Stores.
Inc, today entered the long list of
corporations declaring year-end extra
dividends when they voted a special
disbursement OF 81 a share on the COM
mon stock. 1t was announced at the
head office here. The regular quarterly
dividend OF Is cents share on the
common was also declared both pay-
able December 20 to stockholders of
record December IL.
Yule Club Funds Distributed.
More than s7,o0o,ooo in Christmas
Savings Club funds has just been re-
ceived by the members who belonged
to the clubs during the past year. They
were conducted by 18 Washington
banks. The money was already being
put into circulation today for Christ
mar shopping, payment of year end
bills, insurance premiums and a hun
dred other purposes to which mem
bers say they apply the club payments.
The washington Savings Bank also
started payment today, through Re-
cetver J. s. Wardell, OF $40, 900 to 1890
depositors who were calling at 1906 G
street for their money.
C. = p. Telephone Net Lower.
The October report TO the Chesa-
peake & Potomac Telephone Co. made
the Public Utilities Commission to-
day revealed net earnings Of $685.
against $170, ,404 in October a year ago,
. drop of $15,226, due to increases in
expenses. Operating revenues were
$4,000 higher than year ago. In
the first 10 months Of this year net
income before dividends totaled ST.
674,346 as compared with $1,665,124
In the like period last year.
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