Evening star., 1939-02-19

Nlldl lSSlOll 6h-
perienced gains A"N " fe''es'
over last year, Richmond trade was
unchanged and Baltimore announced
that business was again slowed uE
by bad weather. Wholesale trade
was reported as slightly improved
because of the earlier date of Easter.
The weeks building permits in
Washington totaled SSH 500, against
s420,0O0 in the like period last year
Capital Transit added to its i'm
proved earning record, total pas.
senger revenues amounting to $216.-
681, as compared with S2OS,736 a
year ago.
Bank clearings for the week
amounted to $19,873379. against
S21 ,407,966 last year, the Commerce
survey stated. The review included
a January statistical summary from
Richmond, which showed tobacco
collections, real estate transfers, GUS
toms receipts. postal receipts anc
power output were all well ahead OF
January, 1888. Trade was off l pei
cent.
Perley Heads Reception Group.
Frank M. Perley, trust investment
officer of the American Security &,
Trust Co., will lead the group of
prominent local bankers who will
welcome the guests to Washington
Chapter, American Institute of
Banking's 34th annual banquet at
the Willard Hotel next Saturday
night. The complete reception
committee includes:
Willard G. Barker, president, Nor
ris Plan Bank; Harold w. Burnside,
assistant cashier, Riggs National;
Victor B. Deyber, chairman of the
board, Second National; Charles H.
Doing, vice president, Washington
Loan e. Trust Co.; James C. Dulin,
jr, treasurer. American Security &
Trust Co.; Joshua Evans, jr, vice
president, Hamilton National;
Thomas ]. Groom, executive vice
president, Bank of Commerce &
Savings: A. E. Henze, w. B. Hibbs
& Co.: c. F. Jacobsen, president,
National Metropolitan; A. M. Nc
Lachlen, secretary. McLachlen
Banking Corp; c. H. Pope, presi-
dent, Munsey Trust Co.; Ord Pres
ton, president, Union Trust Co.;
John A. Reilly, president, Second
National; Frederick P. H. Siddons,
secretary, American Security &
Trust Co.: w. T. Vandoren, vice
president and cashier, Liberty Ma
tional; George o. Vass, vice president
and cashier, Riggs National; Wilmer
j. Waller, vice president and cashier,
Hamilton National; William B. Will
lard, vice president, National Saw
ings & Trust Co.
In addition to members of the
local banking fraternity, there will
be many prominent Government
officials and bankers from out of
town on the guest list. More than
1000 reservations have been made
Annual Report Shows Truth.
The 58th annual statement of the
Washington Permanent Building
Association, distributed yesterday,
lists assets of $9,642,835, of which
$8,847174 represents outstanding
mortgage loans. The net surplus &C
count has grown to 100000, with
undivided profits and construction
loan reserves of $168,949.
Treasurer Carl j. Bergman, in
presenting the report, stated that
the year was an excellent one, with
a steady flow of applications for
home loans keeping pace with the
growth of shareholders accounts.
The organization is headed by
Washington's oldest active loan as
sociation executive, Eckert J. Sacks,
who passed his 91st birthday ami
versary on February S.
Jacobsen Takes Craftsmanship.
G. F. Jacobsen, president of the
National Metropolitan Bank, has
agreed to serve as vice chairman of
the general committee arranging
for the next annual convention of
the District Bankers Association,
which will take place at Hot Springs,
Va, in June, it was announced yes
terday by General Chairman John
A. Reilly, president of the Second
National Bank. Mr.. Jacobsen has
already served on many other as
soc1atlon committees. The chair
man, Mr.. Reilly, expressed much en-
thuslasm over the progress of con-
vention plans.
Carl H. Ellingson, executive vice
president OF the First Federal Saw
1ngs & Loan Association. this city,
Will address the 18th midWinter con-
ference of the American Savings &
Loan Institute at Indianapolis Tues
day on the subject of Savings and
Loan Office Management" The
convention opens tomorrow.
Heard in Financial District.
Ord Preston, president of the
Union Trust Co., was called to
the University of Virginia Friday
by the illness of his son, who suf-
fered an attack of appendicitis.
Edward c. Baltz, secretary of the
Perpetual Building Association, is
taking a vacation in Florida.
The District of Columbia Build
ing and Loan Leagues Executive
Council will held the February meet
ing at the Raleigh Hotel Tuesday
noon.
Last year the Federal Land Banks
and the Land Bank commissioner
made more than 5000 loans tc
finance the purchase of farms, &C.
cording to F. F. Hill, governor o1
the Farm Credit Administration