Evening star., 1945-01-28

IT. Z# # m e m b ers and i.
90 guests.
Clare ence e.
:! Kefauver, prest-
n lent of the
league, requested
Wilmer j. WAL
n Ter, chairman Of
I'm - - the District War
G. .. Kefauver. Finance Com
mittee, to make the presentation,
the citation being accepted by the
leagues War Bond chairman. Ed
ward G. Baltz.
After commenting on the past
year in the building and loan field,
Mr.. Kefauver introduced many spe-
cial guests, including Representa-
tiyes Brent Spence, Everett Dirksen,
Jesse Wolcott and Lansdale Sasscer;
Preston Delano, controller OF the
currency: Gen. Frank d. Hines,
John B. Blandford, housing admin
istrator; James Twohy, governor,
Home Loan Bank; o. K. La Rogue,
president, Federal Home Loan Bank
of Winston Salem; David Ford, dep
uty. Home Loan Bank; w. P. Folger,
chief national bank examiner, and
John Scott, president, United States
Savings and Loan League.
Other Guests Listed.
Other honored guests included
Henry P. Irr, vice president
of the national league; Morton
Bodfish, executive vice president;
Col. Harold Lee, Home Loan counsel:
Verne Bonsteel, chief examiner; w.
H. Husband, j. L. Eckenrode, John
Kerns, r. M. Norris, president, So
ciety of Residential Appraisers; @.
II. Tompkins, president, Washing
ton Building Congress; l.. + Breuin-
niger, president, Real Estate Board;
Edward A. Dent, Hugh Lynch,
Joseph Holt, Francis j. Clark and
Morris Cafritz.
A reception was held before the
dinner, floor show and dancing, ar
rangements being in charge OF j.
Hawley Smith, banquet chairman,
assisted by Martin A. Cook, Howard
lE. Thompson, r. Lee Baxter, E. j.
Carlson and Horace Smithey.
Acacia Breaks All Records.
Ene Acacia Mutual Life Insurance
Co. broke all previous records In 1914
by q big margin, President William
Montgomery reported to the direc-
tors yesterday. Total paid-for busi-
ness during 1914 amounted to $89,-
226 900, bringing the total of bust-
ness in force to $3.50 $50 600.
Acacia's field men, Mr.. Montgom-
cry stated, set an unusual record in
each month in 1914 by producing a
substantially larger amount Of busi-
ness than in any previous corre-
spending month in the company's
history. Added to this achievement,
december, which was designated
presidents month" in honor Of Mr..
MONTGOMERY, became the best single
month since the founding of the
company in 1869, business aggregat-
ing So, ATS, 900.
| Lapses in 1914 amounted to only
80 per cent, an all-tirne low. AS Of
December 81, 1914, assets totaled
s130, ,967 600 against $119,178, 900 q
year ago, an increase of $11, ,798, 600.
Present holdings of United States
Government bonds total $38, 600. 900,
Mr.. Montgomery said, adding that
the policy of putting large pro-
portion of available investment
| funds into these securities will be
\ continued for the duration of the
war.
Pepco's 1914 Net Declines.
Net income of the Potomac Elec-
ttric Power Co. in 1914 amounted to
So, ,643, ,030, against S4,181 ,453 in 1943,
| a decrease Of $547, ,422, or 1909 per
cent, officials reported yesterday.
i Net income in December totaled
l$213,683, compared with $354,068 in
the same month in 1943, decline OF
Il $140, ,404, or 1855 per cent. Taxes
4 were up so per cent and total op-
Grating revenue deductions 81 per
cent.
| The report reflects a debit adjust
] Iment in December Of $85, 900 and for
the year Of $840, 900 set aside pend
| ing court ruling on the PUG rate
reduction order.
4 Transit's 1914 Net Higher.
Il Net income of the Capital Transit
leo. for 1914 totaled 81 ,543, ,579, against
i $1,517,144 in 1943, a small gain Of
$40, ,435, or IL per cent, officials re-
ported to the PUG yesterday.
i Revenue passengers numbered
1881. 400, against 414,833, ,878 In the
Iprevious year, an increase of LOTT
j 522 or 0.3 per cent. There was an
4 increase in December of 2,803, 900
revenue passengers, or 8.4 per cent.
4 Net income in December amount
ed to S118,229 higher than a year
ago by $64,418 or 1877 per cent.
/ Capital Store Sales Climb.
4 Continuing the uptrend, depart
ment store sales in Washington for
the week ending Saturday January
20, were per cent ahead of the
corresponding week a year ago and
were per cent ahead of the preced-
ing week this year, the Richmond
Reserve Bank reported yesterday
Sales in the fifth district were up 8
i per cent and per cent in the same
Iperiods.
i Cumulative sales in the four weeks
lending d week ago were per cent
] ahead of last year In the Capital and
s in the whole district.
Profits to Be Forum Topic.
How to Convert Your Public Re-
lations to Profits" will be the sub.
ject of another forum at the, Cham
ber of Commerce, Wednesday eve
ming at 8 o'clock, all Washington
businessmen being invited.
/ Kinsey N. Merritt, general man
ager of public relations of the Rail-
way Express Agency; Don Campbell
Iof American Airlines, Frederick p.
H. Siddens, vice president of the
American Security & Trust Co., and
4 William F. Mylander, veteran news
Ipaperman, will be the headline
speakers.
i "Quix Kid" Program Planned.
4 The District Of Columbia Life In
[stlrance Trust Council win have q
i quiz Kid. program at dinner
meeting Wednesday evening at the
Dodge Hotel, Leopold v. Freud
berg, president, announced yester-
Iday. Insurance, taxation, partner
ship agreements and estates will be
Il jf1isci1sSed