Evening star. [volume] (Washington, D.C.) 1854-1972, 1944-12-03
Loan League Has n Members.

E. Robey.
Loan League Has n Members.
The First Federal Savings & Loan
Association of Arlington has joined
the District of Columbia Building
and Loan League. bringing to q the
number of members and boosting
combined assets to $2l3000,000, it
was learned yesterday. With re-
sources of s1,669059, the Virginia
association has nearly doubled in
size in ~ years.
c. Adams, president; Clyde c..
Lamond, jr., first vice president; C.
L. Cross, second vice president;
Benjamin H. Bays, jr, secretary;
Harry L. Wolf, Ashton c. Jones,
John P. Balster, Basil De Lashmutt,
W. NJ Stone, G. M. Yeatman and
H. w. Porter.
EIlingson &c. l." Chairman.
Carl H. Ellingson, executive vice
president of the First Federal Saw
ings e. Loan Association, this city,
has been named chairman of the
new &c. T." Committee of the Dis
trict Building and Loan League,
President Clarence E. Kefauver has
announced League officials expect
a host of inquiries and applications
for home loans to war veterans and
the committee will be in charge of
any policy problems that may de-
velop.
The National Association of Credit
Men reports a gain of 876 membds
since May l. The drive will be con-
tinued until next May. the Wash
ington Office has been informed
Cleveland has already asked for the
1s46 Credit Congress.
Fourth Forum Announced.
The fourth forum sponsored by
the Society for the Advancement of
Management, Board of Trade and
Committee for Economic Develop
ment will take place Wednes-
day evening in the Chamber of
Commerce Building at o'clock
The program to aid small business
will be devoted to purchasing policy
Speakers will include Clifton E.
Mack. director Of procurement,
Treasury Department.; F. Alder
11dyC EiilCl lSdll ny ut o. bSdIllSI
Co., and A. w. Frey, deputy director,
Procurement Division, Treasury De-
partment. Francis E. Tomkins will
preside.
Banks Yule Payment S57,457.
The Citizens Bank of Riverdale
has mailed checks to $50 Christmas
Savings Club members, totaling
S57.457. Depositors are being urged
to invest as much of the money as
possible in War Bonds. The 1945
club opened December l.
The Financial Credit Corp, which
has just paid dividend of 81 on
preferred, bringing payments in
arrears up to date, was formed Oc-
tober II, 1941, as a reorganization
of the International Finance Corp.
There are many stockholders in the
Washington area.
Peoples Drug Stores common
closed the week on the Washington
Stock Exchange at %, a new 1914
high. Lanston at ST and Mergen-
thaler at 66 also made similar rec
ords.
Three Decades With Bank.
George H. Keesee, cashier, Federal
Reserve Bank of Richmond, has been
an officer ever since the bank opened
30 years ago. on November 16, 1914.
George j. Seay, governor, retired,
and w. w. billiard, assistant cashier,
also have been with the bank for
three decades. Harry Lee Rust, jr.,
of this city is a director. Resources
grew from Sc, 600, 900 four days after
the bank opened to 50 ,237 ,000, 900 on
November Is, 1914.
Deppsitors' balances in the Postal
ravings System increased 500, 900 900
IN September, one of the biggest
aims in any month on record.
The Suburban National Bank
~oened its 1945 Christmas Savings
Tub Friday, after paying s185 ,226
} this years members.
Financial District Comment.
Walter L. Brauer, controller of the
nited States News Publishing Corp,
Tashington, has been elected a
-'1ember of the Controllers Institute
America
Walter S. Galloway, purchasing
gent of the Baltimore & Ohio
'ailroad for "a years, retired on
december /.
The Mutual Life Insurance Co.
# New York has subscribed $115,-
100000 in Sixth War Loan Bonds.
Randolph Paul, former Treasury
official. says, 1--WE shall never again
see Federal budget below 20 bill