Evening star., 1939-01-24

which was IN Jean c. Witter.
per cent under 1887. In December
business showed sharp gain. a
total of $12,815 900 disclosing jump
Of 80 per cent over December, 1887.
West Virginia, with a years total
of $52,069,000, was 10 per cent be-
hind the previous year. although
reporting a - per cent gain in
December.
AS already noted December sales
In Washington amounted to $9,055,-
600, an increase of 38 per cent, and
the full years policy total stood at
S62 ,087 900, off 16 per cent from the
1887 figures. The December come
back was much more than expected
and the finest monthly gain for the
whole year.
The sales volume of S6,35S. .OO6 900
for the whole United States in 1888
was 13 per cent under 1887, the
Hartford report states. In Decem-
Der the figure for the Nation re-
Vealed a sharp upturn of 40 per
cent, seven States being up over so
per cent from December, 1887 In
cidentally, the December national
volume of SS79,886, 900 sales was the
largest of any one month since
December. 1881.
New York State reported a gain
of 83 per cent in December over
the previous year. Delaware had the
same increase. Massachusetts, was
up IS per cent, New Jersey so and
New Hampshire SO per cent.
Witter Addresses Conference.
Jean C. Witter, president of the
Investment Bankers Association,
addressed the big meeting of the
associations Southeastern group in
Baltimore today, which was attend
ed by about 40 leading investment
dealers from Washington.
The days program was aimed
especially at the reopening of the
capital markets, making Investment
funds flow more freely into Industry
in this way financing rehabilitation
creating Jobs and aiding recovery
President Witter was the first speak
er on the days program. The presi-
dent of the Southeastern group is
Rush S. Dickson. Charlotte. N. c.
The need for reviving the invest
ment business was the theme run
ming through all the sessions and
forms of the day, the program indi-
Gated. There was a fine representa-
ton at the opening of the confer
nf oRE Eo;o L.
including Allen H. Little. Chicago,
executive secretary and treasurer
David Dillman, educational director,
was another national officer present.
In charge of one of the forum dis
cussions was J. Clifford Folger of
Washington.
Bank Program Announced.
The full program has been received
here for the American Bankers As
sociation Reginal Conference, set for
Columbus, Ohio, February 9 and 10.
The theme will be Meeting Public
Needs in Banking President Philip
A. Benson will be in charge Othet
speakers will include D. j. Needham
of Washington, general counsel of
William A. Irwin.
Washington has been placed in
the Columbus territory However,
most of the Capitals bankers seem
to be planning to attend the con-
ference in New York in March. in
stead of going to Columbus. Arthur
j. Linn, controller of the Hamilton
National Bank, will be one of the
speakers on the New York program
it was learned today.
Che results of a special study OF
railroad stocks are being distributed
to clients by Johnston, Lemon & Co.
local investment firm. A report is
devoted to each railroad, largely tc
guaranteed stocks" the term being
applied to shares of corporations
which own railroad properties leased
for long terms to the larger operat-
ing companies. Maps are included
showing the territory in which the
railroads operate.
Theodore w. Cook, general agent
of the National Life Insurance Co.
of Vermont, reports that business ir
Washington in 1888 was Is per cent
ahead of 1887 The annual report
of President E. S. Brigham, just
received here, states that total as.
sets crossed the $2O0,OOO,OOO marx
for the first time and that business
as whole In 1888 was up 7.9 pei
cent.
Helena Reed Given Honors.
Helena D. Reed, assistant trus
officer of the Lincoln Nationa
Bank, will conduct the course ir
trusts at the Washington College o.
Law during the second semester, il
was announced today. The frs
woman lawyer to be elected an as.
sistant trust officer in the Distric
of Columbia, Mrs. Reed received
her bachelor of laws degree from
the college, has served as presiden
of its alumni association, is mem
Der of Kappa Beta Pi Internationa
Legal Sorority and the Women
Bar Association of the District o
Columbia
Mrs. Reed has been active in tn
banking field for number of years
being member of the National AS
sociation of Bank Women, honore'
in being chosen national chairman
of the Women's Committee of tn
American Institute of Banking a
well as being the first woman elect
ed to the Board of Governors o
Washington Chapter.
Crowley Special Bank Speaker.
About $50 members of Washington
Chapter, American Institute o
Banking, and guests, will hear
special address by Leo T. Crowley
chairman of the Federal Deposi
Insurance Corp, this evening at tn
Willard Hotel, in the, institute
series of forums
The Washington Bank Women
Club will meet tomorrow night a