Evening star. [volume] (Washington, D.C.) 1854-1972, 1945-11-25

more than one term. Mr.. Folger
will be succeeded by Charles S. Gar
lano of Baltimore. Another con-
vention speaker will be John w.
Snyder, director of reconversion.
Semiannual Dividend Voted. &
Directors of the National Capital
Bank have declared the regular
semiannual dividend of 40 cents per
share, or per cent for the half
year, on outstanding stock, George
A. Didden, jr., president, announced
yesterday. The dividend is payable
December 81 to holders of record
December "a.
National Capital stock has made
a most interesting record since
merger with the East Washington
Savings Bank year ago. The first
sales in the new stock we're made
around II. Since then the stock
has advanced to 81.
Holders of the old East Washing
ton stock have been even more for
tunate. The stock was at Is at the
time Of the merger and was ex-
changed share for share for the new
stock.
ldA 1uStlLute AunOuuStu.
Intended to meet needs of &C.
countants, lawyers and businessmen
concerned with year-end tax prob
lens, American University in collab-
Grafton with District of Columbia
Chapter, Institute of Certified Pub
lie Accountants, will open an insti-
tute on Federal taxes, under DR.. r.
K. Mann, professor of public
finance, at 1911 F street, Thursday
evening.
The Thursday session will deal
with capital gains and losses and o
Friday session with trusts and
estates. Saturday session will deal
with reforms in tax administration.
Further sessions will be held the fol-
lowing week, with the final meeting
at the Statler Hotel. Tax experts
will address all sessions, Internal
Revenue leaders among them.
Loan League Meets Tuesday.
Members of the District of CO.
lumbia Building and Loan League
will hold their November meeting
Tuesday at the Mayflower Hotel,
beginning with luncheon at 1880.
The new president, Rudolph w.
Santelmann, will preside.
Business and financial services
new to the District Public Library,
were announced yesterday by Miss
Ruth H. Todd, chief Of the Tech
nology Division. These services
cover advertising agencies, guides
for newspaper advertisers, radio
broadcasting stations and many
financial reports.
Bankers doubt If the proposed
summer closing on Saturdays in
New York would work at all in
Washington. With Federal employees
on flve-day week, bank Hobbies
here are crowded every Saturday.
Van Devanter Guest Speaker.
Winslow B. Van Devanter, vice
president of Lionel D. Edie g. Co.,
investment counSelors, and former
correspondent of the Guaranty
Trust Co., will address District Of
Columbia Control, Controllers IN
stltute OF America, at a dinner meet.
ing at the Carlton Hotel Tuesday.
His subject will be Investments"
Raymond G. Marx will preside.
washington Gas Light Co. expects
to save about 1000 year through
the exchange of 10000 shares Of
$3.50 preferred stock for the SIS pre-
ferred now outstanding. The plan
has been approved by the Public
Utilities Commission.
Albert w. Atwood, a director Of
Washington Gas Light, and former
financial editor of the Saturday Eve
ming Post, is the author of 'Ths
Great Stewardship" Harper e.
Bros, tells fascinating story Of
the development of life insurance
during the past 100 vars.