Evening star. [volume] (Washington, D.C.) 1854-1972, 1940-09-06

Point of View in Public Relations"
A parallel address by LEVEL Laf-
ferty, vice president, Fort Worth
National Bank, Texas, will be How
Broad is the Advertising Mans Point
of View" School sessions, which
have become famous at these con-
ventions, will be conducted each
morning by Hartford Powell OF the
Institute of Public Relations, Inc,
of New York. Benjamin E. Young,
vice president of the National Bank
of Detroit, will discuss Business
Begins at Home" and show how
business may be developed by the
use of facts concerning customers
utilization of other services.
Robert L. Father, assistant secre-
tary, American Security & Trust Co.,
is chairman of the Reception Com
mittee. Working with him are Eliot
H. Thomson, Washington Loan q
Trust Co.; David Bornet, National
Savings & Trust Co.; Willard G.
Barker and Harry Hustled, Morris
Plan Bank; George o. VaSs, Riggs
National Bank, and Joshua Evans,
dr., Hamilton National Bank.
Brokers Study Profits Tax.
The research division of Fenner
& Beane, New York Stock Exchange
firm, has completed a special study
of the excess profits tax as recently
reported by the Ways and Means
Committee to the House of Repre-
sentatives. The firm considers the
bill, as reported, places extra bur-
dens on large companies.
The rate of tax on excess profits
moves upward on a scale of dollar
amounts rather than in proportions
of the excess of normal earnings,
thus penalizing sheer SIZE" the re-
port asserts.
Another new principle" says the
ANALYSIS, imposes an especially
heavy tax on concerns which have
earned a high rate of return on
capital in recent years, and which
might make these issues less at
tractive."
Heard in Financial District.
The Washington Stock Exchange
sessions tomorrow, following the
summer recess.
New York Stock Exchange Offices
In this city have been much more
popular since Labor Day. The pre-
dicted increase in trading has al
ready occurred.
Arnold Jorgensen, resident part
rer in Horwath & Horwath, hotel
accounting and auditing firm, re-
ports that the company has moved
its Offices to the Shoreham' Building.
Albert S. Galley, executive vice
president of the Lincoln National
Bank, has returned from motor
trip through the White Mountains
and other parts of New England.
E Percival Wilson, secretary of
the National Savings & Trust Co.,
who has been confined to his home
with illness, is reported as much i'm
proved.
Raymond c.. Marx, controller of
the Riggs National Bank, is among
recent returning vacationists.
President Hugh Leach of the Fed
eral Reserve Bank of Richmond re-
ports that the newly organized Com
mercial National Bank, at Kinston,
N. c., has opened for business.
Meem Postpones Vacation.
Harry G. Meem, president of the
Washington Loan g. Trust Co., has
been unable to take his usual vaca-
ton on account of the illness of Mrs.
Meem, who was to accompany him
on motor trip to Colorado Springs
to visit their daughter, Mrs. Edward
B. Mclean, jr. They are hoping to
go early in the fall.
Capital Traction SIS were strong
on the Washington exchange today,
three 1000 transfers being recorded
at 1903. Mergenthaler sold at IS.
Potomac Electric Power per cent
preferred at ia on tiny sale and
10 spares of Washington Gas Light
common moved at Is. unchanged.