Evening star., 1942-06-17
Insurance directors Named,

west V NHSlllld ----- 1u
North Carolina ---- -l2
South Carolina --- III -20
Insurance Directors Named.
Members of the District Of Co.
lumbia Life Underwriters ASsocla-
ton have elected three new directors
for terms of three years each. T.
Loehl OBrien, president, announced
today.
The new board members are
George A. Hates, manager of the
Washington Office of the Fidelity
Mutual. of Philadelphia; Charles
w. ODonnell, Washington man.
ager for Guardian Life, and Charles
F. Suter. assistant general agent OF
the Berkshire Life.
The associations full Board of
Directors will meet in few days
and elect officers for the coming
year, President O'Brien stated.
He also announced that the asso-
citation has been playing very i'm
portant part in pushing War BOND
sales.
War Bond Committee Active.
The recently appointed Fifth
Federal Reserve District Victory
Fund Committee is planning very
active campaign in this territory,
headquarters having just been es-
tabished at the Richmond Reserve
Bank. Hugh Leach is chairman
and Edward c. Anderson executive
manager. The other members IN
clude many of the leading imam
ciers in the fifth district:
Albert D. Graham and Charles 5.
Garland. Baltimore; Robert V.
Fleming and John Clifford Folger,
Washington, H. Hitter Harris and
Edward C. Anderson. Richmond;
John H. Dickinson and Houston u.
Young, Charleston, w. Va; ROBERT
M Hanes. Winston-Salem. N. C.;
r. S. Dickson. Charlotte. N. c.; B. M.
Edwards. Columbia, S. c., ana
Alester G. Furman, jr., Greenvllle,
S. C.
The committee is making special
efforts to push the sale of F and q
War savings bonds.
Insurance Rates Announced.
Washington bank officers nave
received copies of the. announce
ment by Jesse Jones, Secretary of
Commerce, on the arrangements
made with the fire insurance IN
dustry to act as fduciary agents of
the War Damage Corp. in writing
policies of protection against enemy
attack. as provided in recent legisla-
tion.
Effort has been made to provide
reasonable protection at as low
cost to the insured as possible.
Recognizing that losses occasioned
by war are national problem, Con-
gress specified in its legislation that
rates for this protection should be
geographically uniform, that is, the
rates to be charged will be the same
in the middle of the United States
as they are on or near the coast. A
long list of rates is included in the
information forwarded to bankers.
Early Market Revival Seen.
Emil Schram, president of the
New York Stock Exchange, pre-
dicted in Philadelphia last night the
country's private capital markets
would see a revival, probably
earlier than many expect" Wash
ington brokers said today they were
much impressed by his optimism.
He said he noticed in Washing
ton, even more than in Wall Street,
growing conviction that the
United States would emerge from
the present conflict prepared to
release new forces of progress"
"Our enterprise system will re-
ouire our capital markets even more
than ever before" he said. adding
that the securities business mas
every reason to look forward with
hope and confidence.
Americans Sales Up.
Sales of American Stores Co. in
Nav totaled Sl5.762, ,781, an increase
of 384 per cent over the same month
a year ago. Sales in the hrst nVe
months of 1912 were Az per cent
ahead of last year.
More than 100000 persons have
purchased an aggregate OF more
than S75O0O0,0O0 of War savings
bonds through the direct efforts OF
the life insurance agents of the
country. it was announced today by
John A. Witherspoon, president OF
the National Association OF Lie
Underwriters. Members OF the Dis
trict Life Underwriters Association
have given generously OF their time
to the campaign, President L. Loehl
OBrien said today.
Second National Dividend.
Directors of the Second National
Bank today voted a seml-annual
dividend of per cent on the capital
stock. payable June 80 to stock
holders of record June 20. President
John A. Reilly announced.
Washington Gas Light $3.50 pre-
ferred stock was strong on the
Washington exchange again today,
selling at SO. Mergenthaler Limo
type was aSo firm. 20 shares moving
at 33, ex-dividend, and unchanged.
The class of 1943 Graduate School
of Banking includes Edwin B. Shaw,
Riggs National, and w. j. Ricciardi,
Hamilton.
The new Office of the Household
Finance Corp. at Silver Spring,
Nd opened officially yesterday, with
w. F. Dunning as manager. The
company specializes in personal
loans.