Evening star., 1945-10-21
Perpetual Building's S
64th Anniversary
Marked by Record
By EDWARD C. STONE.

IosNSN ~ NSSviN
By EDWARD C. STONE.
With assets in excess of $73, 900 900,
the Perpetual Building Association
observes it's 64th anniversary this
week. The latest financial statement
show" surplus and reserves of 81 $685.
600 and 10000 depositors.
The United States Savings and
Loan League, Chicago, recently listed
Perpetual as the largest building
and loan association in America.
with resources 100000 ahead Of
the next in size, an institution in
Providence, R. I.
Officers are Arthur G. Bishop,
board chairman; Marvin A. Gusts,
president; Samuel Scrivener, sr., and
Thornton w. Owen, vice presidents;
William H. Dyer, treasurer and
assistant secretary; W. S. Martfndill,
assistant secretary; E. A. Thomas
and C.. Gordon Rouse, assistant
treasurer; William H. Rippard,
auditor.
Directors include Robert C. Scholz,
William G. Schafhirt, Samuel
Scrivener, jr., and Messrs. Owen,
Baltz, Bishop, Custis, Dyer and
Samuel Scrivener, sr.
Hamilton Distributes Stock.
The Hamilton National Bank has
forwarded new stock certificates to
holders of the old stock who elected
to exercise their rights to buy more
stock at $50 per share in connection
with the banks plan for capital ex-
pansion from 81 900 900 to 81 ,750.0 900.
Molders also received their partic-
ipating certificates yesterday, these
being fractional shares. They are
given the right until January Is to
buy further fractional shares and
obtain full shares or sell what they
hold now.
In the financial district yesterday
the bid for quarter shares stood at
II with l212 asked. This Is in line
with the present quotation of S46
to SAB per share for the outstanding
stock. Investment dealers report an
active market in the fractional
shares.
Gen. Hines Honored.
Ger Frank T. Hines, new Am
bassador to Panama and for several
years member of the Board of
Directors of the Acacia Mutual Life
Insurance Co., was honor guest at
dinner at the Mayf1ower Hotel
Thursday evening given by President
William Montgomery and the board.
In behalf of the board, Mr.. Mont
.gomery presented Gen. and Mrs.
Hines with handsome silver service.
At the same time the Acacia pres
ident paid Gen. Hines high tribute
for his long record of public service
III the Veterans Administration and
his contributions as director of the
Acacia Mutual Many prominent
guests. in addition to the directors,
attended the dinner.
GI Loan Changes Opposed.
The United States Savings and
Loan League, strongly opposed to
any major changes in the law gov
erning home loans to veterans, yes
terday rounding out a full year
since the rules were issued. In the
II months building and loan asso-
Citations have made $4,000 of these
| loans.
Morton Bodfsh. executive vice
president of the league, and its
Washington counsel, Abner H. Fer
guson, have just presented the
leagues views to the Subcommittee
on Veterans Affairs of the Senate
Finance Committee.
They consider the present law
workable and practical" They
would extend the time from six to
ten years during which veterans may
apply for loans, and they also see \
chance for some administrative i'm
lproVements.
Controllers to Hear Kayser.
DR.. Elmer Louis KaySer, George
Washington University dean, will
address District of Columbia Con-
troll, Controllers Institute of Amer
ica, at a dinner meeting at the
Carlton Hotel Tuesday evening on
The World Today" Raymond G..
Marx, president of the Control, will
preside.
The District of Columbia Building
and Loan Leagues Executive Coun-
Gil will meet Tuesday noon at tia
Mayfiower Hotel, the last regular
session before the annual election of
officers on October 80.
| Capital Store Sales Soar.
| Department store sales in the
Capital in the week ending October
l3 scared II per cent ahead of the
corresponding week of last wear, the
Richmond Reserve Bank reported
yesterday. Sales in the fifth district
were up l6 per cent.
The Richmond Reserve Bank also
announced yesterday that retail
sales in Washington in September
were per cent ahead of September,
1914. with 9 per cent advance in
| the first nine months of this wear.
Southern Advances Walker.
Henry L. Walker, back from service
with the Navy, has been appointed
general attorney of the Southern
Railway System, General Counsel
is. R. Prince announced Yesterday.
Before entering the service, he was
assistant to the general counsel.
Mr.. Walker attended Central High
school, George Washington Uni
Verslty, and received his LII. B. de-
gree from Georgetown University.
He entered the service of the South
ern in December, 1927
/ Financial District Gossip.
! c. J, Gockeler, former Hamilton
National Bank official and for sew.
eral years president of the WASH
llngton Stock Exchange, who now
llveS in Ventnor, N. j., was a finan.
Iclal district visitor during the week.
The Home Insurance Co. of New
York yesterday announced that
Capt Paul F. Grove, jr., who recent
ly returned to the Washington Office
after three years of military service
ranked second in paid for business
among all field underwriters in the
United States in September.
Charles Zimmerman of Detroit.
former president of the National
Association of Life Underwriters. at
tended the District associations first
fall luncheon.
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