Evening star., 1944-05-01
D. {. Bank CIearinqs
Pile Up New Record
For -Four Months
By EDWARD c. STONE.

DN EDN AND |.
Bank clearings in Washington II
the first four months of this veal
piled up another new all time
record by reaching S666, ,693 .567 AZ
against S628, 8,167 1882 in the like
1943 period, George H. Bright, man.
ager of the Clearing House Asso-
citation, announced today, the in
crease being $38.525, ,58854.
In April, however, clearings in
the Capital dropped from Sl79,81l,-
74697 a year ago to $l64, 1856, ,851 so
a decrease of SIS .454,895,37, first de-
cline in any month this year, The
drop from the March figure of $780,
S03 371 was very small.
Bankers said today the decline
from last April was due mainly to
the earlier date Of Easter this year,
check activity falling off during the
last of the month. The population
of Washington has decreased in re-
cent months, they added.
Capital Transit Net Lower.
Net income of the Capital Transit
Co. in March totaled S138.8l327, a
decrease of S9,41307 from March,
1943, of ga per cent. officials report
ed to the Public Utilities Commits
sion today
Net earnings in the first quarter
totaled $3.50, 0,54408, a decrease of
50,786.71, or 1913 per cent. There
was a decrease of 2659,7O9 in rev.
enue passengers in the quarter.
National Offices Opened Here.
With declaration from its presi-
dent, S. H. Bever, that its purpose
Is to provide nonpolitical repreSen-
tation for the 6,400 thrift and home
financing institutions of this coun-
try, the newly organized National
Savings and Loan League opened
Offices here today in the Investment
Building under the executive man
agement of Oscar r. Kreutz, who
recently resigned as general man
ager of the Federal Savings and
Loan Insurance Corp.
DR.. H. E. Hoagland, professor of
business finance. Ohio State Uni
versity, formerly member Of the
Federal Home Loan Bank Board,
has been retained by the league as
consultant.
"The new league was formed to
supply constructive leadership for
the savings and loan associations of
the Nation, which together con-
stitute a $6600,000,000 business"
Mr.. Bever said.
Bank Credit Pools Planned.
With the object of assuring ample
bank credit to business and agrl-
culture after the war period and
especially to small business, the
American Bankers Association will
form a network of bank credit pools
all over the country, President A. L.
M Virgins announced today.
The pools will be set up by local
groups. along State, trade area,
county or other geographical lines
and work under a commission OF
which Robert M. Hanes of winston
Salem, will be chairman. There will
be "a bankers on the commission
stated with specialists. The banks
are getting ready to handle all types
of credit and offer an almost limit
less amount of it.
Agency Supervisor Named.
Frank H. Jannuzi of Pittsburgh
today became agency supervisor of
Washington Office of the Fidelity
Mutual Life Insurance Co., succeed
ing Albert L. Neveaux, now in the
Navy, Manager George A. HatzeS
announced. Mr.. JannuZi is grad
uate of Geneva College, native of
Beaver Falls, Pa, chartered life un-
derwriter and has been in the busi-
ness 10 years.
Call Carl Elects Officers.
Edmund o. Carl was elected presi-
dent and general manager of Call
Carl, Inc, at the annual meeting;
William o. Hermann, vice presi-
dent and assistant manager, and
William H, Myrick, assistant treas
urer. Carl D. Warner was re-
elected secretary-treasurer.