Evening star., 1943-07-18
Acacia Chief Reports
Insurance in Force
Al New High Mark
BY EDWARD C. STONE,

al new nIgn WdTk
BY EDWARD C. STONE.
William Montgomery, president of
the Acacia Life Insurance Co., re-
ported last night that total insur-
ance in force as of June 30 regis
tered an all-time high of more than
$486 900, 900. Steady increases since
January in the volume of new busi-
ness brought the six months total
to $29 ,260, 900, an increase of more
than "a per cent over the like 1912
period.
The half years record was brought
to close with the best June in the
history OF the company when
$6,630,000 was paid for, against
$4,740,0O0 in June of last year, Mr..
Montgomery stated.
Acacias lapse rate was further i'm
proved during the half year. Loans
on policies also revealed a sharp
reduction. These loans, which num-
bered 1887 in the first six months
Of 1912, dropped to 1854 in the
January-June period this year, a de-
cline Of approximately so per cent.
AT the same time an increase of
$4,666, 1855 was registered in the COM
panys assets, which now total
$113,9 ,948, Mr.. Montgomery added.
The company continued to buy Gov
ernment securities in large amounts
as a contribution to the war effort.
A total of $4,860,0O has been pur-
chased so far this year, holdings OF
United States securities now
amounting to 845 per cent Of the
entire bond portfolio.
Two New Officers Elected,
Directors of the National Union
insurance Co. elected two new Of
f1cers at the organization meeting
Friday. William H. Marbury was
made secretary, succeeding the late
William H. Somervell, and James H
Atkinson, an assistant secretary, was
named treasurer, a newly created
Office.
Alfred H. Lawson was reelected
president and John Saul and Floyd
+. Davis. vice presidents. At the
annual meeting of stockholders
earlier in the week the directors
elected were Alfred H. Lawson, John
Saul, Floyd E. Davis, William L.
Beale, j. Wriley Jacobs, Walter S.
Pratt. Jr.; Beryl r. English. c. Mel
son Bean, William H. Marbury and
James H. Atkinson.
Mr.. Marbury, the new secretary
has been connected with the com
pany since 1919 and has served in
the capacity of assistant secretary
since 1927. He is also secretary
treasurer Of the Home Plate Glass
Insurance Co. and is member of
the Board Of Trustees of the Home
Plate Glass Insurance Co. He is
member Of the Washington Board of
Trade. Insurance Club of Washing
ton, Washington Golf and Country
Club and Society Of the War of
1912.
Mr.. Atkinson, the treasurer. has
oeen with the company since 1927.
He Is assistant secretary treasurer
of the Home Plate Glass Insurance
co. and is member of the Wash.
1ngton Board of Trade and the In
surance Club Of Washington.
EliingsOn on National Board.
Carl H. Ellingson, executive vice
president. First Federal Savings Il
Loan Association, has been appoint
ed member of the United States
Savings and Loan Leagues l943
Committee on Personnel Policies, it
was announced here yesterday.
This committee, now four years
old, recommends employment pol
lcles under wartime conditions and
makes suggestions for increasing
stan facilities of the various build
ing and loan associations for han
ding the volume of War bond sales,
which has now reached $500, ,0OO, 900.
The committee has already done
significant work in advising asso-
Citations on compensation policies
and retirement plans.
Heard in Financial District.
Eric A. Johnston, president of the
United States Chamber of Com
merce, will visit England early in
August to study economic processes
under wartime conditions and also
give consideration to commercial in
terestS in the postwar period. He
Is a member of the Economic Sta
bilization Board.
Bankers were much pleased with
the appointment by Secretary Nor
genthau OF John A. Reilly, president
OF the Second National Bank. as
chairman Of the newly created Dis
trlct of Columbia War Finance
Committee. The committee will di-
rect the third War loan drive, which
opens on September 3.
l. J. Roberts, assistant vice presi-
dent OF the Riggs National Bank
is spending his annual vacation in
West Virginia,