Evening star., 1940-08-06
Investment Bankers
Will Push Program
OF Information
Five Vice Presidents
Are Nominated From
Importont Committee
BY HAROLD B. ROGERS.

BY HAROLD B. ROGERS.
Vitalizing its public information
program, the Investment Bankers
Association of America, which has
ii members in Washington, has
nominated for reelection three OF
Its vice presidents and selected two
other vice presidential nominees
from members of the committee that
is conducting a public information
program.
This action, announced through
the Chicago office of the associa-
tion, was said to be consistent with
tie policy set two months ago, when
Emmett F. Connely of Detroit was
nominated for reelection as presi-
dent.
Vice presidents who have been
nominated for reelection are Paul
H. Davis of Paul H. Davis g. Co.,
Chicago; Edward H. Hilliard of
j. j. B. Hilliard g. Son. Louisville.
and Joseph P. Ripley of Hartman
Ripley g. Co., Inc, New York.
Nominated For First Time.
Those nominated for the first
time are John S. Fleek of Hayden.
Miller & Co., Cleveland, and John
o. Stubbs, Whiting, Weeks &
Stubbs, Inc, Boston.
These men. the Nominating Com
mittee of the board pointed out
have been serving as Mr.. Connely's
cabinet in carrying out the ag-
gressive and militant policy initi-
ated by the association.
Officers of the association are
nominated by the Board of Govern
ors and elected at the annual con-
vention, which this year is to be
held at Hollywood, Fla, December
8 to 13. Nomination is considered
tantamount to election, since the
selections of the board always have
been approved by the convention.
Takes Leave of Absence.
Mr.. Connely, who is the first
president of the organization in "a
years to succeed himself has taken
leave of absence from his own
investment house, the First of Mich
igan Corp. of Detroit, of which he
is president, to serve as full-time
chairman of the Public Information
Committee.
One of the features presented by
this committee is expected to be
seen and heard in Washington prob
ably within the next six months.
James Parker Nolan, partner of Fol-
ger, Nolan e. Co., is vice chair
man of the Southeastern group Of
the Investment Bankers Association,
whose territory includes the District
Of Columbia, Maryland. Virginia,
West Virginia and North Carolina
The feature to be shown here is
slide film" with voice sound
accompaniment, entitled Investing
in Americas Future" The eleven
Washington members of the J. B. A.
participated in conference recent
ly at Baltimore with William j.
Price of Alexander Brown 3 Sons.
who is chairman of the Southeastern
group of the I. B. A. The film was
shown and heard at a preview there.
1t will be presented later to lunch
con and civic clubs here in the Capt.
tai
Mark Anniversary.
Officers and directors of the
American Building Association to-
day celebrated the 66th anniversary
of the founding of the organization.
Organized in 1874, and intended
originally to be strictly community
thrift affair, on Third street Sc,
the association has grown to be the
second largest of its kind in this
city.
Now located in it's commodious
quarters at Third street and Penn
sylvania avenue Sc, the associa-
ton has over 1000 share accounts
and total assets in excess of s13,-
100000.
Officers are: Milton H Prospect,
chairman of the board; Charles H.
Kindle, president; Arthur c. Balser,
vice president Wilfred H Blanz,
secretary; Howard B. Kramer. treas
urer; R. Lee Baxter, assistant treas
urer; George A. Brennan, assistant
secretary, and Guy M. Nicely, con-
sultant appraiser. Directors include
John E. Mergner, Chatham M. Tow
ers, Thomas S. Sergeon, Charles A.
Rossiter, DR.. William c.. Farmer,
Bernard j. Coyle and w Dudley
Spicknall.
b. g. o. Loadings Gain.
The Baltimore g. Ohio Railroad
handled 222 ,468 cars of freight dur
ing the month of July, 1910. OF this
total 143,214 were loaded on line and
1924 we're received from connec-
tions. This was an increase of 25.977
over July last year, when the total
was 1876 ,491, consisting of 1913 69l cars
loaded on line and 1880 received
srom connections.
1t was also an increase of 1858
cars over June, 1910, when 213,505
carloads we're hauled. comprising
134665 loaded on line and 78,s40 re-
ceived from connections.
For the month of July, 1910, the
total was 276,862, embracing 18l, ISL
cars loaded on line and 95,111 re-
ceived from connections.
For the week ended August 3, the
B. g. O. handled 51,199 cars of
freight. OF this total 32,433 were
loaded on line and 1876 received
from connections. This was an in
crease of 1924 over the correspond
ing week of last year, when 45,575
carloads were hauled, comprising
28959 loaded on line and 1856 re-
ceived from connections.
It was also an increase of 1882
cars over the preceding week of this
year (the week ended July 81, when
the total was 49.867. consisting of
32.141 cars loaded on line and 17,726
received from connections. For the
corresponding week in the year 1880.
the total was 64,539, including 2,522
loaded on line and 22,017 received
from connections.