Evening star., 1941-04-20

trihrtion of these & && AESsE
bonds. All banks P. H. siddOns.
and trust companies in the Capital
will handle the defense issues for
their customers and for other people
interested.
Members of the new committee
include Frederick P. H. Siddons,
secretary of the American Security
& Trust Co., chairman; Rutherford
J. Dooley, vice president and cashier
of the National Bank of Wash
ington, and Nelson B. ONeal, vice
president, Riggs National Bank.
Mr.. ONeal also is a member of
an American Bankers Association
committee which is cooperating
with the Treasury.
The Treasury is launching
campaign to make every citizen of
the United States defense conscious
in very direct financial way. The
aim is to sell the bonds to the
public and not to the banks, there
being three bond issues to choose
from, as well as defense stamps
which may be converted into bonds
as they grow in amounts.
District financierS made remark
able records in the World War
Liberty Bond drives. 1t was indicated
yesterday that their help will be
equally valuable in the coming cam
paign.
Loan Assets Reach New Peak.
For the first time on record, assets
of the "a home loan units making up
the District of Columbia Building
and Loan League, total assets
reached $l60,3l7,770 in March,
against $147, ,492, ,429 on March 81,
1910, making a net gain of S12,825,-
BAL, Secretary F. Wilson Camp an
nounced last night. The increase
In March over the preceding month
was 1869, $40, he added.
Real estate loans outstanding in
March 1910 were s137,264, ,180 while
this year the figure stood at s149, ST.
TAI. an increase of S12,413,561.
Share holders of the association
had credited to their accounts last
March a total of $131 ,458 ,233, but
during the year they built up this
item to S142, ,160,577 gain of S10,-
702,344. Surplus and reserve account
also reflected a substantial increase
moving up from S11 ,072, ,232 last year
to S12,429,779
Mortgage loan activity was paced
by advances of S2,704 ,803 for new
houses and construction not previ-
pusly financed, a gain of S159 967 over
the amount placed against this item
last year. The total of all loans
made during the month was $3,792,-
682, Mr.. Camp said.
Life Insurance Sales Soar.
Life insurance agents in the Capt.
tai had field day in March when
sales aggregated S6533,OOO, a jump
of 27 per cent over March a year
ago, according to the latest report
from the Life Insurance Research
Bureau at Hartford.
New insurance written in the first
quarter reached a total of $16,669,-
900, a gain of Is per cent over the
like period in 1910, the report
showed. Exceeded only by Detroit,
Washington made much better per-
centage gains in the first quarter
than Boston, Chicago, Cleveland
Los Angeles, New York, Philadel-
phia or st. Louis.
Maryland wrote $8.817000 life
policies in March, an 8 per cent gain
over last year, and S24 ,638 900 in the
three months, up per cent. Vir-
glnia March business totaled S8,-
472,OOO, off per cent, and $23,607 900
In the first quarter, a gain of 6
per cent.
Bankers Visit Hot Springs.
Officers of the District Bankers
Association and committee chair
man are passing the weekend at
Hot Springs. completing final plans
for the annual convention set for
June 5-S at the Virginia resort.
Those taking the pre-convention
trip include:
A. M. McLachlen, association
president. T. Stanley Holland, first
vice president; John A. Reilly, sec
ond vice president; A. Scott Offutt,
third vice president; Sidney F. Tall
aferro, general convention chair
man; Wilmer J. Waller, vice chair
man, Program Committee; Willard
G. Barker, chairman, entertainment
committee; w. T. Van Doren, trans
portation chairman; William B.
Willard, hotel chairman; Stanley D.
Willis, sports chairman; George M
Fisher, publicity chairman; and
James B. Edmunds, general agent,
Chesapeake & Ohio r. R.
Heard in Financial District.
Sales of 70 and 10-share lots of
Lincoln Service Corp. common took
place on the Washington Stock Ex-
change yesterday at 1872. Twenty
shares of Capital Transit changed
hands at 16A and a very small
sale of Potomac Electric Power 512
per cent was recorded at lis.
The Executive Council of the
District of Columbia Building and
Loan League will hold the April
meeting at the Raleigh Hotel at
1890 Tuesday, including the usual
luncheon.
The Federal Reserve Board re-
ports further increases in bank loans
In March and the first half of
April; highest construction awards
In March since the middle of 1880,
and retail automobile sales at peak
hevels.