Evening star., 1938-12-20

SrOWley is Drum Speaker.
Leo T. Crowley, chairman of the
Federal Deposit Insurance Corp,
will address Washington Chapter,
American Institute of Banking, in
the second forum meeting of the
year, Paul j. Seltzer Of the Ameri-
can Security & Trust Co., COM
mittee chairman, announced today
The forum will be held at the
Willard Hotel on Tuesday, January
"a. The first forum broke previous
attendance records and it is be-
lleved that Mr.. Crowley will make
the next one equally successful.
Chairman Seltzer is being assisted
In arrangements by the following
committee members: Willard G..
Barker, president, Morris Plan Bank;
James G. Dulln, jr., treasurer, Amer
ican Security & Trust Co.; Ralph
Endicott, assistant treasurer. WASH
ington Loan & Trust Co.; Robert H.
Lacey, cashier, Columbia National:
T. Hunton Leith, vice president and
cashier, Security Savings e. Com
mercial; I. j. Roberts, assistant
cashier, Riggs National, and Robert
G.. Whitton. assistant cashier, First
National Bank of Alexandria.
Institute Lauds Mr.. White.
A special tribute is paid to the
late George w. White, for 80 years
president of the National Metro
politan Bank, in the December issue
of Dollars and Sense, out today. The
tribute makes special mention of the
fact that Mr.. White was one of the
organizers and a charter member of
Washington Chapter, American IN
stitute of Banking, and in 1912
served as president of the District
Bankers Association.
The chapter organ, edited by A..
E. Henze, Kenneth Birgfeld, George
Dagenais and Miss Rose Royce,
covers all chapter activities most
thoroughly. Total attendance in
the first semester-269-i ahead of
last year. a report states.
On December 10 the treasurer's
records showed 800 active and 80
sustaining members in the chapter.
This is an increase over the total
OF 416 on the same date last year.
Another note states that New
York Chapter has fixed June IA as
the date on which as many lnsti-
tute members as possible from all
over the country will attend the
New York Worlds Fair.
Banks Start Insurance Plan.
New York savings banks are now
offering life insurance policies to
their patrons in a plan similar to
that operated in Massachusetts
Gov. Lehman has asked for the first
policy which will be issued in Janu-
ary.
President and Mrs Roosevelt have
been invited to be among the
first holders of savings bank life
insurance in that State They are
residents of New York, regularly
employed"
Under the law $1,000 is the maxi
mum policy that may be purchased
In any one bank but $4,000 may be
underwritten by three or more banks.
r. c. Jones & Co. Pays Bonus.
Robert C. Jones, head of the in
vestment firm bearing his name.
announced today that the company
is distributing to all employees of
the firm Christmas bonus eouiva-
lent to approximately one months
salary.
The entire Hamilton National
Bank staff will hold the annual
Christmas party at the Congress
sional Country Club tomorrow
night, the festivities starting with
an elaborate dinner.
United Airlines held an elaborate
Christmas party yesterday AFTER
noon from 4:30 to 8 o'clock at the
Hamilton Hotel
Store Declares Dividends.
Directors of Woodward e. Lothrop
have declared dividend of so cents
share on the common stock and
the regular quarterly dividend of
Sl.75 a share on the preferred. both
payable December % to stock of rec
ord December %, it was announced
today.
Capital Transit stock sold at s
on the Washington Exchange again
today. Potomac Electric per cent
preferred moved at 1852 and Wash
ington Gas Light preferred moved
up to los on sale of Is shares.
Mergenthaler Linotype sold down
to 2l12 on 20-share transaction
and Peoples Drug Stores common
stock appeared on the board again
today, Is shares selling at 251s.