Evening star., 1943-11-14
Late Banking Hours
Ito Continue Here;
Test Proves Value
BY EDWARD C. STONE.

Ao AccuiI u JIlC very SuCCcSS"
full six weeks test period and with
the full support Of the District area
director Of the War Manpower Com
mission, Washington banks will con-
tinue indefinitely the present late
banking hours on Thursday evenings,
A. Scott Offutt. president of the Dis
trict Bankers Association, announced
last night. Suburban banks also will
continue their late schedules.
Fred z. Hetzel, War Manpower
area director, requested that the 1
to $50 hours be maintained, at the
same time expressing deep satisfac-
ton over the service so far rem
dered. The present arrangement will
probably become permanent, or at
least prevail until the end of the
war, as 1t was adopted for the spe-
cial benefit Of Government war
workers.
During the six weeks, SO, 900 citi-
zens of Washington took advantage
Of the late hours, Mr.. Hetzel stated,
adding that the plan had reduced
absenteeism in Government onices,
as many workers who had taken
time to go to the banks now trans
act their business after hours.
Mr.. Offutt, head of the bankers
association, said the service appeared
to be filling a real need in the COM
munity. The banks reported an ag-
gregate of $4,000 transactions dur
ing the test period, ending Novem-
ber 4, checks cashed totaling SO per
cent Of the business while deposits
amounted to IS per cent. The re-
port further showed that $4,000
Treasury checks were cashed by
Federal employees.
Loan Delegates Announced.
Clarance E. Kefauver, new presi-
dent of the District of Columbia
Building and Loan League, an
nounced last night that Martin A.
Cook, Edward L. McAleer and r. L.
Houston Jones will represent the
league at the annual meeting OF the
United States Savings and Loan
League in Chicago, beginning No.
vember 30.
Other building and loan men max
ing the trip will include President
Kefauver, c. Clinton James, F. WILL
son Camp. Robert E. Buckley, Ed
ward C. Baltz, Carl H. Ellingson,
Thornton w. Owen. Rudolph w.
Santelmann. Bernard J. Coyle and
Wilfred H. Blanz.
Washington member of the ma
tional board of directors, Carl j.
Bergmann, president of Washington
Permanent, is at present on a vaca-
ton IN Southern California. but will
join the local group in Chicago.
Insurance Election This Week.
More than 180 members and guests
are expected at the annual dinner
and election Of the Insurance Club
OF Washington, Wednesday evening
at the Mayflower Hotel, Albert j.
Phillips, president, announced yes
terday.
The election of officers will lake
place before the dinner and rot in
terfere in any way with the eve
ning's program. 1t is understood
that Mr.. Phillips is slated for re-
election.
Strickland Gillian will be toast
master, the remainder of the pro-
gram being held back for a surprise
Important insurance ofiicials in the
District will be present.
j. A. Pumphrey Is vice president:
T. R. Baker, secretary, and Ralph
w. Lee, jr, treasurer OF the club
Members deal in all types of ins,lr-
ance except life.
Great Trust Era Forecast.
Gilbert T. Stephenson, ABA trust
expert. is highly optimistic on the
outlook for the trust departments OF
banks, he told the Flduciaries Sec
ton of the District Bankers Asso-
citation, Friday night at the May
flower Hotel.
The degree of success attained will
depend on the manner in which the
banks handle comparatively small
estates for the veterans of the pres
ent war, he said.
Some 100000 900 of these men and
women will dominate the thinking
OF the rest of this generation and
perhaps longer. The treatment
they receive on their return from
the war will be most important to
banks.
Mr.. Stephenson answered IL cues
tons bearing on technical trust
matters, many relating to situations
brought about by the war.
Potomac Power Sales Climb.
kilowatt hour sales of the Poto-
mac Electric Power Co. in the Dis
trict Of Columbia in October
amounted to 104,978,l50 hours,
against 9S,98l 1898 in October 1892
an increase of 1896, ,152, or 6O6 per
cent. company officials reported yes
terday.
Railroads and railways used H.
oo0,993 XVIII, an increase of l,lO7,-
397 XVIII. or 1850 per cent. Public
o"ASSV A6AiIAlS Cdllcu lUT SllRlC In
crease over last year.
Other sales were much heavier,
amounting to 90,850 ,9Ol XVIII. as COM
pared with 86,058,583 XVIII. a wear
ago, an increase in sales of 1882
3W or 5.57 per cent, the report
showed.
Peoples Drug Votes Dividend.
Directors Of Peoples Drug Stores,
Inc. have declared a dividend of 26
cents per share on the common
stock, payable December % to stock
holders of record December 10. it
was announced yesterday at the
head office here.
Bond Quota Far Exceeded.
Building and loan officers and en-
ployes oversubscribed their quota
In the Community War Fund drive.
Edward K. Jones, chairman, stated
yesterday. Final returns revealed
that the Is member associations in
the local league established a quota
OF 139 per cent.
Dividend Is Declared
~ NEW YORK, Nov. 13 (P.-Direc-