Evening star., 1943-12-10
Three Capital Men
Reelected 10 Board
OF Mergentha|er
BY EDWARD C, STONE.

meeting of the stockholders Just hele
in Brooklyn, this action giving extre
large representation to the many
shareholders in the Capital.
Other Mergenthaler directors
elected at the same meeting, include
Ogden M. Reid, Joseph T. Mackey
Roy C. Gasser, Victor E. Walker
John R. Fell and Burnett Walker.
Joseph T. Mackey was reelected
president at the directors organiza
tion meeting, ana Frederic D. Nc.
Kenney vice president. Other off.
cials chosen for the coming veal
were:
Edward A. Reynolds, secretary
George A. Schwaninger, treasurer
Arthur j. Mackey, vice president II
charge of oDder and stock contro
division; Thomas j. Mercer, vict
president in charge of audits; Con.
rad A. Hanson, vice president ir
charge of works; George w. Allison
vice president and assistant works
manager; Harry L. Gage. vice presi.
dent in charge of sales; Chauncey H
Griffith, vice president in charge oi
topographic development.
John w. Reid, Benjamin C
Bishop and William H. Moore, as.
sistant secretaries and treasurers;
Reginald w. Orcutt, vice president
for overseas: Eugene B. Mirovich
vice president for Latin America.
AS reported recently Mergenthaler
had an exceptionally good year
earning 1882 per share against S625
in 1912 and net of S. 89 a share in
l94l. The stock is paying a IS an
nual dividend and selling on the
Washington Stock Exchange Just
under so to yield better than 10
per cent.
Barbeau War Bond Chairman.
Joseph Barbeau, manager of the
Washington Office of the Acacia
Mutual Life Insurance Co., has been
appointed War Bond chairman of
the District Life Underwriters Asso-
citation in connection with the COM
Ing campaign, Charles w. O'Donnell,
president. announced today. He sue
ceeds Fred Holderman, jr., who
made a very fine record as head Of
the recent campaign.
Mr.. Holderman's report, made at
the December luncheon at the Will
lard, showed many agents made
brilliant records in the number of
bonds sold to individuals, as we'll as
In the total amounts. One agent
alone distributed more than 500, 900
in bonds.
The address of Julian S. Myrick
of New York drew most favorable
comment today. He presented
charts and other facts showing the
great difficulty of building up
estates because OF, present taxes. In
fact. he showed that estate building
under prevailing conditions is next
to impossible, except through life
insurance.
Morris Plan Votes Dividend.
A 5 per cent semiannual dividend
of 81 per share, payable December
80 to stockholders of record Deem
Der 81, was declared yesterday by
the directors of the Morris Plan
Bank of Washington on the 1880
shares Of common stock outstand-
ing, LinWood P. Harrell, executive
vice president, announced today.
In accordance with the practice
of the bank for several years, a
Christmas bonus was voted to men,
bers of the staff, Mr.. Harrell added.
The amount will be the same as in
1912. 2 per cent of annual salary
to those who have been with the
bank from six months to a year, 5
per cent to those with the bank
more than a year but less than two
year and per cent to employees of
more than two years service Tenn
porary as we'll as permanent en-
ployes will be included.
Rainey Heads Underwriters.
At the annual meeting of the Un-
derwriters Association of the Dis
trict of Columbia at the Willard
Hotel yesterday, Edward R. Hardy
resigned as manager and treasurer,
after % years service, or ever since
the organization was founded.
H. E. c. Rainey, who has been his
assistant, was elected manager and
treasurer to succeed Mr.. Hardy. At
the same time, Mrs. o. E. Stedman
was elected assistant treasurer.
Albert w. Howard, vice president
Of the Firemen's Insurance Co. of
Washington and Georgetown, was
elected chairman of the Governing
Committee, and c. Nelson Bean, vice
president of the Thomas j. Fisher
Co.. was chosen vice chairman.
Elected new members of the Gov
erning Committee were William H.
Marbury, secretary of the National
Union Insurance Co. of Washington:
Frank R. Strunck of Franklin g.
Strunck; Frederick A. Allnutt, as
sistant secretary of Weaver Bros:
Charles M. Saxelby, an agent, and
Hiles Pardoe, real estate officer, Ma
tional Savings & Trust Co.
Making of Wills Stressed.
Bruce Baird, president of the Ma
tional Savings & Trust Co., stressed
the Importance of making wills in
an address to the Auditors Section
Of the District Bankers Association,
last night at the Lee Sheraton Hotel.
The making of a will and the
distribution thereby of property is
definite privilege which people
have not always enjoyed. 1t is an
incident of freedom and liberty and
IN this country finds freeist and
most liberal expression, Mr.. Baird
said
Stanley D. Willis, trust officer of
the National Metropolitan Bank,
extended greetings from the bank
ers association. James C. Elgin, sec
ton chairman, presided.
Controllers to Hear Kayser.
DR.. Elmer L. kayser. dean Of
university students, George Wash
ington University. will speak on
The World Today" at the monthly
meeting of District of Columbia
Control of the Controllers Institute
of America at the Carlton Hotel
next 1llpS6aV evepino Dr Eovcor