Evening star. [volume] (Washington, D.C.) 1854-1972, 1943-01-19

Weir listed i'm s'eh'es ~ "h"s'
provement in the efficiency of busi-
ness methods, greater degree OF
economic self -sufficiency, renewed
reliance on progress through ex-
panding production, realization that
social reform must go along with
economic progress and revitaliza-
ton of the country's whole tax
structure.
There is no doubt, Mr.. Weir de-
clared, in the mind Of any Ameri-
can citizen as to the eventual out
come of the war. In some of the
after-war planning, however, there
appears to be a lack of emphasis
on the system of free enterprise,
which should be given full oppor-
tunity and incentive for production
of peacetime products. When the
war is ended we will participate in
world affairs more than ever before,
and we accept that obligation.
Imitation Caution Urged.
We should fight initiation both
during and after the war. the speak
er continued, but should not allow
our measures of prevention TO
kill the patient" Mr.. Weir urged
quick lifting of war regulations when
peace comes, stating that some reg
imentat.on, perhaps even some
price fixing will be needed for
short time, but that period, how
ever, should be short.
In conclusion Mr.. Weir urged the
Government to greater curtailment
of non essential expenditures.
which has not kept pace with the
eurtailment demanded Of the peo-
pie by the Government"
John A. Reilly, president Of the
District Bankers Association, pre-
sided at the midwinter meeting.
Another speaker on the program
was Elmer Davis, director of War
Information and noted radio COM
mentator, who addressed the f1nan-
ciers informally.
Willis Convention Chairman.
President Reilly made one Of the
most important announcements of
the year, stating that Stanley D.
Willis had been appointed general
chairman of the associations next
| annual convention, to be held in
June. Mr. Willis is trust officer OF
the National Metropolitan Bank
and already has served on many as
ISOLATION committees.
The midwinter meeting was held in
honor of the presidents of Washing
ton banks. among those present being
Corcoran Thorn, Thomas j. Groom,
Clarence F. Burton, H. II. Mckee,
E. C. Graham, N. F. Calnan, Floyd
E. Davis, Lanier P. McLachlen. Lin
wood P. Harrell, c. H. Pope, Bruce
Laird, Robert v. Fleming, Francis
G. Addison, jr.; Ord Preston and
T. Howard Duckett.
Arrangements were made by Sid
ney F. Taliaferro, second vice pres
ident of the association.
Hugh Lynch, administrators of the
District War Savings Committee,
urged bankers to stress the impor-
lance among their patrons of filling
all War stamp albums during the
remaining six-week campaign being
carried on by the Treasury Every
effort now is being made to get all
these albums converted into bonds
that bear interest.
Munsey Trust Adds Director.
Thomas w. Dewart of New York,
who was a director of the Munsey
Trust Co. some years ago, was re-
turned to the board at the annual
meeting of the stockholders held
today. All other directors were re-
elected. as follows:
William T. Dewart, William T.
Dewart, jr; Walter G. Distler, Gill
bert T. Hodges, Arthur G Lambert.
P. j. Mcmahon. Louis B. Montfort,
A. Harding Paul, G. H. Pope, G. d.
Radcliffe. Alfred P. Thorn, jr.; Ar
thur l.. Thompson and r. H. Yeat-
man.
All officers were reelected, Will
liam T. Dewart. chairman of the
board; C. H. Pope. president; C. D.
Radcliffe, vice president and treas
urer; r. H. Yeatman, general coun-
sci and trust officer; P. j. Mcmahon.
vice president and assistant treas
urer; A. J. Byrne, secretary and as
sistant treasurer; F. w. Stoever. real
estate officer, and r. D. Watkins,
assistant treasurer. u.
American Security Names Board,
Stockholders of the American Sc
curity g. Trust Co. today reelected
the following directors: Floyd D.
Akers, C. A. Aspinwall, William L,
Beale, Harry K. Boss, Charles A.
Garry, Frederick w. Coleman, Will
liam j, Flather. jr.; M. G. Gibbs,
James M. Green, Gilbert H. Grosye-
nor, Dan Holland. William Mont
gomery, Howard Moran, John A..
Remon, John Saul, Corcoran Thorn.
S. Percy Thompson. Benjamin w.
Thoron, L. Perry West and Lawrence
E. Williams.
Stocks Reach New Peaks.
Mergenthaler Linotype and Capt.
tai Transit reached the highest
prices in many years on the WASH
ington Stock Exchange today.
Mergenthaler opened with a To-
share sale at 3994 after selling last
week at 3612. Later 20 shares moved
at 40.
Capital Transit registered a small
sale at 30, gain of two full points
since the last transfer. The stock
closed with 20 bid and 80 asked.
Riggs National Bank common
moved at $50. unchanged, and the
first l943 sale in Capital Traction SIS
took place at los. These bonds
closed 1912 at 1044.
Charles E. Merrill, senior partner
Of Merrill, Lynch, Pierce, Fenner 81
Beane, has been visiting the WASH