Evening star., 1937-11-17
PERPETUAL ELECTS
0FF|CERSFOR YEAR
Building and Loan Group
Names Bishop and Gusts
Chairman and President.
BY EDWARD c. STONE.

Building Association at the annual
meeting Of the shareholders for elec-
ton of officers and directors.
Vernon G. Owen was elected vice
president, Edward c. BALI secretary:
Franklin w Harper, treasurer; Ray
mdnd K. Espey. assistant secretary;
William H. Dyer assistant treasurer,
and William H. Rippard, auditor. The
meeting was held Monday evening.
The Board of Directors elected for
the coming year includes Arthur G..
Bishop. Marvin A. GUSTS, Edward C.
Baltz, Franklin w Harper, Raymond
K Espey. John c. Scofleld Vernon G..
Owen, Samuel Scrlvener and DR.. Will
liam G. Schafhlrt.
The chairman of the board, in his
annual address, announced splendid
growth IN assets during the past year
and pointed out the excellent condi-
ion of the real estate loans, aggre-
eating s44000,000 During the year.
approximately Sl,850000 in dividends
vas paid to the $4,000 shareholders
md over 100000 was added to the
surplus and reserve account.
The Perpetual is now the largest
member in point of assets among the
members of the United State Building
md Loan League. The chairman also
commenced on the extremely bright
outlook of business conditions for the
coming year
Today'S Trading on Exchange.
Ten shares of Capital Transit sold
at ga on the Washington Stock EX-
change today A single share Of Ma
ional Bank of Washington stock
moved at l40, Washington Gas pre-
erred came out al 997s and City e.
suburban SIS appeared on the board
at 81
The Southern Railway reports net
income for the first nine months of
1887 as equal to Sl99 a share on the
preferred stock. compared with S273
a share in the like 1886 period.
The Pennsylvania Railroad reported
'oday net income for the nine months
equal 81 Sc share tpar $500, against
sl66 a share in the first nine months
Of 1886.
Baker Again on r. & O. Board
Newton D. Baker. who was Secre-
tary of War in the Wilson adminlstra-
ron. was reelected a director of the
Baltimore & Ohio Railroad at the
annual meeting All other directors
were also retained, as follows:
Howard Bruce. Baltimore; Harry
Bonner, New York; John j. Cornwell,
Baltimore; Carl A. de Gersdorff. New
York; Robert Garrett, Baltimore;
John r. Moron, New York; George
NJ. Shriver, Baltimore; Albert A.
Sprague. Chicago; John F. Stevens,
Southern Pines, N. c.; Robert A. Taft.
Cincinnati, and Joseph E. Widener,
Philadelphia.
Forum Speakers Announced.
Leading authorities on real estate
appraisal and mortgage economics will
appear on the program at the National
Appraisal Forum, which meets in
Washington Friday and Saturday.
Daniel c. Roper, Secretary Of Com
nerce, will deliver the opening ad-
dress Other speakers include DR..
rlculture, Walter S. Schmidt. former
president, National Association of
Real Estate Boards; Horace Russell,
Federal Home Loan Bank Board. and
DR.. Ernest M Fisher, Federal Housing
Administration.
Group sessions will be led by S. F.
Westbrook, Aetna Insurance Co.: Roy
NJ r.
nomlcs; Earl Schwulst, Bowery Say
inzs Bank, and Dr.. N H Enele, Bu-
reau of Foreign and Domestic Com
merCe.
New McrgenthaIer Director.
John R. Fell has been elected di-
rector of Mergenthaler Linotype Co.
and Norman Dodge, who has been
chairman of the board since his re-
tirement from the presidency in 1886,
has resigned as chairman, but con-
tlnues as a director and member of
the Executive Committee
Mergenthaler Linotype directors
have declared a quarterly dividend of
so cents share, payable December Is
to stockholders of record November
"a, it was announced today. 1t is the
same as other recent payments
Another dividend announcement of
great interest here was the extra pay
nnent of ST a share and quarterly
dividend of IS cents a share on the
common stock of the Chesapeake g.
ONO Railway. The extra is payable
December IA and the quarterly Jan
uary l.
Insurance Men Win HOnors.
Albert R. Peters and Charles M.
Boteler of the Mutual Insurance
agency, winners in a Nationwide sales
contest left here today for Chicago,
where they will be the guests of the
Lumbermen's Mutual Casualty Co. at
q three-day celebration in commence
ration of the 25th anniversary
of the founding of the company While
in Chicago they will attend the
25th anniversary banquet of the
company, to which directors and lead
ing policyholders have been invited.
The celebration marks the growth
Of the company from S25 900 organ
ization to an institution with assets
OF more Inan $50, ,UUU QUO.
Hanna Again Bank Director.
John H. Hanna, chairman of the
board of the Capital Transit Co.. was
reelected class B director in the
Federal Reserve Bank of Richmond, it
was announced at Richmond today.
I James c. Braswell, president of the
Planters National Bank g. Trust Co.,
Rocky Mount, N. c., was also elected
class A director to succeed himself.
Each was chosen for term of three
years expiring December 81, 1910.
Financial District Notes.
Charles Delmar, president of the
Lincoln Service Corp, will entertain
the Board of Directors at dinner at
his home this evening. The guest of
honor will be w. David Tilghman, jr.,
commissioner of loans of the State