Evening star., 1942-03-20
D. T.. Insurance Sales
is Per Cent Above
1941 in February
1otoI for Z Months
Al Per Cent Ahead
Of Year Ago
By EDWARD C. STONE.

0ry anu lOT Vic uloI 1~o ihoiieAA
Of the year, as compared to the SINH.
lar periods last year according tt
tine Life Insurance Sales Research
Bureau of Hartford.
Sales in February here amounted
to 1886, 900, a gain Of Is per cen
over February, l94l. This COM
pared with a gain nationally Of Is
Der cent.
Sales in the District during the
first two months we're $l4,491 900. q
gain of Al per cent over January
and February, 194l. as compared
With . national gain during the
same period Of Sc per cent.
Gains for February and the two
months in other cities follow: Bos'
ton. 8 and 50 per cent: Chicago. Il
and As; Cleveland, and "A; De-
troit. 4 and IS; Los Angeles, SO ano
60: New York. 20 and So; Phila-
delphia, 8 and So.
Holds Per Capita Lead.
Estimated number OF ordinary LIE
insurance policies in force In the
District at the end of 194l was
28l. .28l, with a value of $720, ,922 ,00C
and a per capita insurance in force
of $l.087, the highest in the coun-
try. Nearest to this were New York
State with $l,05l and Delaware
with S1,048.
The average new policy" in l94O
here was listed at $2,366, higher
than any State except Virginia,
which had $2,3s1. But at the end
of 1s41 the District took the lead
away from Virginia, with an average
new policy of $2,50l, as compared
with $2,378, in the Old Dominion
The average policy in force at
the end OF 1910 in the District was
S2.5s1, as compared with Virginia S
s2,298, Arizona's $2,485 and Della
wares top of $2,782.
At the end of 1941 in the District
the average policy was $2,563, as
compared with Virginias $2,3l4
Arizonas $2,467 and Maryland's S
s2340. Delaware topped the list
again with $2,71s.
100000 Pepco Financing.
The Potomac Electric Power Co.
will REQUIRE additional financing this
wear to a total amount of approx
mately $1,000 900, according to the
annual report of the North Amer
lean Co., of which the power COM
pany is a subsidiary. The announce
ment adds:
TT is proposed that $3,ooo,o 900 OF
the amount needed be furnished by
the purchase of additional common
stock of Potomac Electric by its
parent company, the Washington
Railway & Electric Co., out OF Its
own treasury funds. and the balance
by the sale of bonds by Potomac
Electric.
THE construction program Tor
Potomac Electric Power Co. includes
a 50,0OO-kilowatt unit in 1912 and
two others of the same capacity, one
each in 1943 and 1914"
d. C. Dividends Voted.
Directors of Columbia National
bank yesterday declared dividends
payable as follows: s1.50 per share
to stockholders of record March "a
payable April /; $3.50 per share TO
stockholders of record June "a, pay
able July /.
Directors of Security Storage Co.
Yesterday declared dividend OF 81
Der share on the capital stock, pay
able April 10 to stockholders OF rec
ord at the close of business April S,
according to Secretary Paul Alvey,
"the books to be closed between SAID
dates. respectively.
Delmar Lincoln Service Head.
Charles Delmar was reelected
president of the Lincoln Service
Corp, industrial banking firm, at
the annual meeting just held here
The other officers retained in ONCE
include:
Robert P. Mulock, executive vice
president; Francis J. Crilley, vice
president; Oscar c. Mitchell, secre-
tary and treasurer; Thornton w
Burnet, assistant secretary and as
Eistant treasurer.
All members of the Board OF d.
uectors were reelected, including
Ellsworth c. Alvord, William j
Byrne, William S. Culbertson, John
=. Davies, Charles Delmar, John p
jackson, Alfons B. Landa, Frank B
severance, Robert P. Smith, Durand
W. Springer, Fred M. Supplee, Wal
ter r. Tuckerman and Frederic N
Towers.
President Delmar recently re-
ported that 1941 was the best year
N the history Of the corporation.
Home Mutual Moves Offices.
Odell S. Smith, secretary OF the
Home Mutual Building and Loan
Association, announces removal OF
the oflces from 63l Pennsylvania
avenue to the Chandler Building
1427 I street NV. The association
has been al the original headquar-
ters since its organization in 1897.
Besides Mr.. Smith, other officers
include Maurice F. Flynn, president;
Joseph F. Brashears, vice president;
Marian w. Smith, assistant secre'
tary, and Frank S. Smith, attorney
The company reports that l94l
was a very successful business year
Fine Insurance Year Noted.
Bradford H. Walker. president Of
the Life Insurance Company OF Vir.
Rinia, reported today that insurance
accounts and assets reached new
all-time high marks during 1s41
Reserves showed gain OF nearly
ss,o0o,o 900.
All employees now in the armed
service are being given fullest con-
sideration. Pensions, salary allow
ances and unemployment rights arr
to be continued during 1912. In 1874.
the company granted free hospltah
zation to all employees and liberalizes
many other benefits, Mr.. Wake
said.
The Washington Office is in charg'
of A. E. Call and John E. O'Brien
managers.
Defense Stamp Sales Climb.
Sales of Defense savings stamp
during February totaled $38 $50 ,30s
the Treasury reports. This was tn
second highest monthly total on rec
ord, exceeded only by January, whel
Defense stamp sales reached SAL,