Evening star. [volume] (Washington, D.C.) 1854-1972, 1945-09-27
Commerce & SAVINGS
Bank Chief Halls
D. T.. Outlook
Bx HAROLD B. ROGERS.


Conditions in Washington viii
remain highly favorable for some
time in the future" Thomas j
Groom, president of the Bank Of
Commerce 81 Savings, told bani
stockholders at their annual meet.
ing this morning.
He expressed the belief that the
consumer credit field would offer
one of the most attractive sources
for employment of bank funds
The bank had another excellent
year." Mr.. Groom said, showing
substantial increases over the pre-
vious year and highly satisfactory
earnings"
The dividend policy of paying $40
per share on stock had been con-
tinued, and the institution had "ren-
dered every service to the United
States Government in the war eff
fort" He enumerated many phases
OF this service, announcing the bank
had arranged for financing for over
$40 .000, 900 of war contracts.
Directors were elected for the
year and were to meet this after.
noon to elect officers. The directors
are George B. Burrus, William L
Bush, Theodore Cogswell, James E
Collif1ower, A. E. Giegengack
Thomas J. Groom, Harry j. Kane
1r.: Frank Owings, George M. Quirk
Donald F. Roberts, Leo A. Rover
Joseph Sanders.
Committee Chiefs Appointed.
H. Cochran Fisher, president O.
the District of Columbia Life Un.
oerwriters' Association, today an.
nounced appointment of commit.
tees for the year, including a new
one on veterans problems headed
by Frank Resh. The group plans tt
resume annual sales conferences
held Jointly with the Baltimore
Life Underwriters Association
Other committee chairmen follow
Business practice, J. E. McCombs
cooperation with attorneys and
trust officers, J. L. McElfresh; edu.
cation, Earl w. Sapp; law and legis.
lstlon, Eugene Thore, membership
Claude A Cook; programs anc
meetings, w. Neal McCord; pub
licity and bulletins, F. H. Jannuzi
Observation-Disclosures Life Under.
writer's Conference, William j. Nc
Causland: national committeeman
George A. Hates.
Head Accounting Study.
r. G. Lochiel, vice president anc
treasurer of Pennsylvania Contra.
Airlines, and Harry E, Howell, CHIEF
Of the policy branch, purchases d.
vision, Army Service Forces, both Of
Washington, have been appointed tt
serve on research committee Gre
ated by the National Association Of
Cost Accountants to examine into
current industrial accounting prac-
tices. The committee is headed BY
Thomas H. Sanders, professor of in
duStrial accounting, Harvard Grad
uate School of Business Admins.
tration.
Cecil Hopkins, former assistant
secretary of the New York Credit
Mems Association, has been ap.
pointed advertising director of the
Briggs Clarifler Co., it was an.
nounced today by Chase Donaldson
company president. Rommie F. Sim.
mons, jr., who has been with the
firm several years, was made assist.
ant advertising director.
Bowling Teams Ready.
Nine bowling teams of men, from
member institutions of the District
Building & Loan League, will open
their season Monday night at the
Ice Palace, to compete for the
trophy won last year by Eastern
Building & Loan men. Six wom-
ems team also will begin their COM
petition. Dom B. Thomas heads
the mems division and Mrs. Loretta
Brown the women's division.