Evening star. [volume] (Washington, D.C.) 1854-1972, 1944-11-14
Building and Loan
Leaders in Chicago
For Conference
By EDWARD c. STONE.

Clarence E. Kefauver, presiden,
of the District Building and Loar
League, and many other Washing
ton building and loan leaders are II
Chicago today attending the SIC
annual meeting Of the United States
Savings and Loan League.
Other delegates include F. Wilson
Camp, r. W. Santelmann, Wilfrec
H. Blanz, Carl H. Ellingson, Edward
G. BaltZ, r. L. Houston Jones, Rob.
ert e. Buckley, Edward K. Jones
Francis j. Clark, Thornton w
Owen. ]. Horace Smithey. C. G
Smuck and Milton H. Prospect.
The program Is built almost en-.
tirely around two Dig issues, making
loans to returning veterans anc
postwar home planning Before the
session opened, 1t was announced
that assets of the 6,51l member as
sociations gained $454 ,247,023 last
wear, bringing the total to $6,593,
283, 234. The associations have added
200, 900 patrons
President John F. Scott declared
that every association in the United
States ought to remain open on We
udy Iol tIic SdlC VI dOu1tAOlidl vol
Bonds as an expression Of thanks
giving and pledge to the fighting
men in the Pacific.
Perpetual Names Officers.
Reelected at the SD annual
meeting of the shareholders of the
Perpetual Building Association, held
last night, were Arthur c. Bishop,
board chairman; Marvin A. Gusts,
president; Samuel Scrivener, ST.,
vice president; Franklin W., Harper,
treasurer; Edward C. Baltz, secre-
tary: William H. Dyer, assistant Sec
rotary; w. S. Martindill, assistant
treasurer, and william H. Rippard,
auditor.
Directors for the coming year in
CLYDE Thornton w. Owen, DIR. Will
liam G. Schaflrt, Samuel Scrivener,
IT., and Messrs. Baltz, Bishop, Gus
tbs, Harper, Dyer and s. Scrivener, sr
Despite the curtailment in new home
financing, Secretary Baltz reported
an active year. with resources reach
ing new peak of $66,0O0,000.
Brott Explains Loan, Law.
j. o. Brott of Washington, assist
ant general counsel of the American
Bankers Association. presented a
most comprehensive and detailed
review of the CT Bill of Rights gov
erning guaranteed loans to veterans
at the ABA conference in Atlanta
last week
After outlining details involved in
the proposed loans, Mr.. Brott stated
that the banks will surely have to
consider many cases where it is not
in the interest of the veteran to
make loan. Such cases will fur
nish delicate problem in public
relations, he said, and will require
much tactful consideration. In cases
where refusals are necessary, the
reasons should be made very clear
Mr.. Brott said it was recognized
at the start that the law would need
corrective amendments, which I'M
doubleday will be made.
Mortgage Dividend Declared.
Directors of the National Mort
gage d Investment Corp. have de-
clared dividend of 20 cents a share
on the preferred stock, payable De-
cember Is. This is cents per share
in addition to the regular dividend
OF IS cents per year, President
Joseph B. Schaaff announced.
National Bank of Washington
Stock sold at 1861 on the Washing
ton Stock Exchange yesterday, a new
1943 high and a gain of 20 points
this year.
Union Trust stock moved at 1887
against a high for the year of ITO.
The Baltimore & Ohio R. r. has
asked for bids on s632 $50 promisory
notes.