Evening star., 1937-02-16

1ngS Bank IN
BROOKLYN. A former president of the
Savings Division of the A. B. A, ne
has also served as president OF the
National Association of Mutual Saw
ings Banks.
One of his many other interests in
cludes the presidency of the Railroad
Security Owners Association. Mr..
Benson started his remarkably active
and successful career as a certified
public accountant, after graduating
from New York University. He is a
trustee of Long Island College OF
Medicine, Brooklyn Institute of Arts
and Sciences and the Moody Biblical
Institute of Chicago.
Fifth District Trade Jumps.
Retail trade is advancing measur-
ably all over the fifth district, in COM
parison with the same period year
ago, latest reports reveal. SO is whole
sale trade.
With Washington retail sales 1921
per cent ahead of the same week
last year, the latest Commerce De-
partment report points to the general
upturn throughout this trade area, the
best gain being reported from Charles.
ton, S. c., where business last week
was up 80 per cent. Incidentally, 1851
persons are now employed on ia
highway projects in that State, as
compared with only 576 at the same
time year ago.
Baltimore reported satisfactory
uptrend in retail trade volume, added
that bank clearings were 16 per cent
better last week than in the same
week in 1886 and that January build
ing permits totaled Sl007 900, COM
pared with S7587C year ago.
Wholesale activities are feeling the
benefit of the early date of Easter
and there is marked stepping up OF
buying on the part of merchants who
anticipate price rises. How complete
ly the flood handicaps have been over
come in Western West Virginia is
revealed by announcement that coal
shipments into Norfolk are back to
normal.
Underwriters to Hear Bender.
Irwin Bender, from the New York
Life Insurance Co.'S agency in Phlla-
delphia, will address the February
meeting of the District of Columbia
Life Underwriters Association tomor-
row noon at the Willard Hotel.
The guest speaker is an exception
ally large producer of insurance. In
addition to his production work, he
is a member of the faculty of the
mi
sity of Pennsylvania. being a spe-
cialist in life insurance law. Presi-
dent Lawrence H. Riggles will preside
at the luncheon.
Bache Adopts Bonus Plan.
Frank j. F. Thiel. manager of the
Washington Office Of J. S. Bache & Co.,
announced today that the New York
Stock Exchange firm has adopted a
bonus plan for 1887 along the lines of
the profit sharing arrangement en-
ployed very successfully in 1886 when
over Is per cent of the profits OF the
firm we're distributed to the staff. De-
tails received from New York state
that the sum appropriated for bonuses
Is to give managers 40 per cent and so
The amounts to be distributed will
be determined by the growth of the
branches in 1887, each branch's
earnings to be compared with the other
branches. In 1886 two weeks salary
was distributed to the entire staff
prior to the Christmas holidays and
balance paid to the employees in the
42 Offices in January after. the full
years financial results had been as
certained. Naturally. the employees in
the Office here were very much
pleased with the announcement.
Safe Deposit Plans Pushed.
Richard E. Harris, chairman of the
National Safe Deposit Convention to
be held here May 6, 7 and 8. and
Hans w. Ireland, chairman of the
Program Committee, have nearly COM
pleted arrangements for the buSi-
ness meetings, subjects to be con-
sidered and the speakers. They have
just had conference in Baltimore
with F. T. Cox, president, National
Safe Deposit Advisory Council; George
j. Keevil, secretary New Jersey Safe
Deposit Association, and Arthur H.
Troeger, past president of the Mary
land Safe Deposit Association. These
safe deposit experts offered some very
valuable suggestions
Loan Leaders Arrange Banquet.
Officers of the District of Columbia
Building g. Loan League today an
nounced plans for the seventh an
nual dinner and dance at the May
flower Hotel on March 6. President
Robert E. Buckley has appointed Ru-
dolph w. Santelmann general chair
man.
Special committee members include:
Invited guests, Robert E. Buckley and
c. Clinton James; entertainment
Fred A. Smith, Charles w. Schafer
Edward K. Jones, Alfred B. Baker,
Martin A. Cook, Odell Smith, c. Hay
wood Marshall and j. HaWley Smith
publicity, F. Wilson Camp.
Grocery Chain Has 80 Stores.
Good Will Stores, a chain of indi.
vidual retail grocers inaugurated No.
vember l in Washington and nearby
Maryland and Virginia, now has 90
members, Saul Goldberg, director oi
the chain, announced today.
The organization started with g
selling campaign of 10 weeks duration
streSsing Quality Foods Plus Saving!
and Service" The Mazo Bros Co.
wholesale grocers of 1902 Water street
southwest, is sponsor. Directors Of
the chain are Louis Becker, Raymond
Pearson, Charles Fowler, Leonard
Koontz, I. Klieger and c. MCMILLAN.
Bill Payments More Rapid.
Payments on open-credit accounts
receivable of department stores were
made at higher rate during Decem-
ber, 1896, than during December
1885, but slightly under the rate fol
November. 1886, according to an an.
nouncement today by the Bureau oi
Foreign and Domestic Commerce. The