Evening star., 1938-02-16

ings g. CONNER #%
cial Bank and
chairman of the = .,--.. n.
Reception Com
mittee. announced today the follow
ing members of his committee:
Joseph R. Fitzpatrick, assistant
cashier of Second National Bank. vice
chairman; Willard G. Barker, presi-
dent. Morris Plan Bank; Harold w.
Burnside, assistant cashier, Riggs Ma
tional Bank; Charles H.. Doing, jr..
vice president, Washington Loan e.
Trust Co.; Robert " Fleming, presi-
dent, Riggs National Bank; Thomas
J. Groom, vice president and cashier,
Bank Of Commerce g. Savings; A. E.
HenZe, w. B. HibbS &, Co.; Hillary G.
HoSkinson. vice president, Riggs Ma
tional Bank; Archie NJ McLachlen,
treasurer, McLachlen Banking Corp:
Ord Preston. president, Union Trust
Co.; F. P. H. Siddons, secretary,
American Security & Trust Co.; James
A. Soper, vice president and cashier,
Lincoln National Bank; w. T. VAN
doren. vice president and cashier,
Liberty National Bank Wilmer j.
Waller, vice president and cashier,
Hamilton National Bank, and Will
liam B. Willard, vice president, Ma
tional Savings g. Trust CO.
Messrs Leith. Burnside, Doing. Du-
lin, Henze, Soper and Waller are
past presidents of Washington Chap
ter.
Insurance Roster Completed.
The roster of members of the Dis
trict of Columbia Life Underwriters
Association has just been completed
and published revealing a new all
time record in membership. The. list
includes abou. 225 members. with
many additions expected in the near
future
The roster is the most elaborate yet
printed. The list is printed in alpha
betical order and also shows the men,
bers grouped under the companies with
which they are connected.
The booklet was prepared by the
Membership Committee composed of
Charles w. O'Donnell, chairman;
Arthur M. Miner, vice chairman; Rich
ard w. Griswold, ]. E. McCombs and
Laurence H. Riggles.
The enthusiasm in the association is
partly result of the remarkable busi-
ness done during 1887 when Capital
agents wrote more than $74,000,00O
in new insurance policies. scoring a
gain of 6 per cent over the record year
1886 This was also double the ma
tional average of per cent in 1887.
Credit Union Makes ..eport.
The Post Office Employees Credit
Union has just sent out he report for
the year 1887 At the annual meeting
dividend of 6 per cent. was voted
on shares outstanding as of December
81. 1887.
The organization now has 657 men,
bers, resources of S37,843.06, 472 loans
and since organization has made loans
amounting to $132,620. Loans are
made to members only and interest on
loans is per cent month on unpaid
balances.
Earl B. Wadsworth is president of
the union, George D. Frye, vice presi-
dent, and Albert l.. Klass, treasurer.
Approval of Loan Sought.
Stockholders of Woodward & Lo-
throp have received notices of the
annual meeting which takes place on
March 81, for the election of officers.
annual reports and any other business
matters that may come up at that
time.
The notices also state that approval
will be asked for the placing of a
Sl.500000 mortgage on a new ware
housing project on M street NE. The
company is just starting construction
of a warehouse. to cost around ST ,000,-
900. which G. N Everett, second vice
president and secretary of the COM
pany, says should be completed in
about eight months.
Located on the south side of M
street between First and Second
streets, the new building will have a
basement and six stories. Its dimen-
sions roughly are $50 by 260 feet.
The building is to be used as a ware
house and general business purposes.
Today's Trading on Exchange.
Business was quiet on the Washing
ton Stock Exchange today. with only
one sale being recorded This was
small lot of Capital Transit stock
which moved at 812, sale as yester-
days price. The stock closed with 712
bid and 85s asked. Other quotations
were practically unchanged
Total sales of chain drug stores in
1887 were As per cent higher than in
1896, according to preliminary esti-
mates of the Bureau of Foreign and
Domestic Commerce. announced today.
The greatest gain was shown by foun-
tain sales, which we're 60 per cent
higher. followed by tobacco sales with
ST. per cent increase from 1896,
while all other" sales increased 3.3
per cent
Heard in Financial District.
Edward F. Colladay, general counsel
and trust officer of the Second Ma
tional Bank; William B. Wolf, as
sistant trust officer. and President
John A. Reilly are attending the mid
winter trust conference in New York
Corcoran Thorn, president of the
American Security g. Trust Co., ex-
poets to attend the annual banquet
Thursday evening.
James A. Councillor, formerly ma
tional president of the Certified Public
Accountants, addressed the District
Chapter. Chartered Life Underwriters
Association. Monday evening at the
Cosmos Club. He gave most inter-
esting address on Proper Accounting
in the Handling Of Your Affairs"
Richard A. Norris. assistant cashier
Of the Lincoln National Bank, will
speak to the commercial department
of Taft Junior High School Friday.
February 10. Mr.. Norris talk has
been arranged by the Public Educa-
tion Committee of Washington Chap
ter. Amexican Institute of Banking,
and is the first in a series planned