Evening star., 1940-12-13
BaIfz Is Reelected
Director Of Home
Loan Bank
Three Others Named
To Board by Member
Associations
BY EDWARD c. STONE.

area served by the Federal Home
Loan Bank of Winston Salem were
chosen by member institutions to be
directors of the bank for terms of
two years each In the annual cleo
ton which has just ended, it was
announced here today by James
Twohy, governor of the Federal
Home Loan Bank System. The
directors are:
George w. West, First Federal
Savings 81 Loan Association, Atlanta.
Ga, was elected director -at-large.
He is now a public interest director
for the bank and that term expires
December 81.
Edward c. Baltz, Perpetual Build
ing Association. Washington, was re-
elected a director for Glass A institu-
tions. He is now vice chairman of
the bank.
j. F. Stevens, Gate City Build
ing G Loan Association, Greensboro,
N. c., was reelected a representa-
tive Of Class B size institutions.
George w. Bahlke, Progress Fed
eral Savings 6 Loan Association,
Baltimore, Nd who is now 4
director at-large, was elected Il
director representing Glass G men,
bers,
The Winston Salem Bank serves
Maryland, Virginia. North Carolina,
South Carolina, Georgia, Alabama,
Florida and the District of Colum-
bia.
Lincoln Elects New Director.
Dr. David L. Maxwell has been
elected director of the Lincoln
National Bank to fill the vacancy
caused by the death of Henry T.
Offterdinger, President Floyd E.
Davis announced today.
DR.. Maxwell is associated with DR..
Irving S. Tennyson in the retail
drug business in Washington, under
the firm name of Maxwell & Tenny-
son. The firm started in business
in 1926, opening the first store at
1901 I street NV. They now have
three stores-at 1901, 1885 and 1925
I street
DR.. Maxwell is 48 years old. grad
uate of George Washington Univer-
sity, member Of the board Of di-
rectors Of the Washington Wholesale
Drug Exchange, American Pharma-
CeutiCal Association, District Of Co.
lumbia Pharmaceutical Association.
an associate member of the Medical
Society, member of the Washington
Board of Trade and several clubs
Bank Distributes Bonus.
Christmas bonus checks we're dis
tributed to all employees and officers
of the National Savings & Trust Co.
today. The extra compensation was
voted at the December meeting,
when the usual 81 dividend was de-
clared.
The Chemical Bank & Trust Co.,
New York, is paying additional COM
pensation to officers and employees
amounting to 2 per cent of annual
bank has paid Christmas bonus
continuously each year since 1870.
David Schenker. director Of the
investment advisers division of the
Securities and Exchange COmmis-
sion, will be among the speakers at
the third annual convention OF the
Investment Counsel Association, in
New York. next Monday.
Harvey D.. Gibson. president of the
Manufacturers Trust Co., has been
named banquet chairman for the A,
B A. Trust conference to be held in
New York February 4, and 6, 194l.
Firm Has Five New Partners.
Thomas w. Brahany, manager of
the Washington Office of Merrill
Lynch, E. A Pierce & Cassatt,
New York Stock Exchange firm,
said today that Eugene Crawley, who
becomes a partner on January /.
was formerly vice president Of the
Consolidated Oil Corp.
The other four new partners in
clude Ray L. Lamb, manager of the
Cleveland office; Cyrus H. King,
manager of the Detroit office; Ferdl-
nand c. Smith, manager Of the
Portland. Ore, Office and Harry F.
Bliss. manager of the firms Re-
search Division. On January !,
Mamie B. Mills and Joseph L. Mer-
Till, limited partners, are retiring
from the firm.
Harry F. Bliss started his flnan-
cial career in New York as a reporter
on the Wall Street Journal, Mr..
RrahanV said