Evening star., 1946-04-21
National Capital Bank
To Establish Branch
In Rand|e Highlands
By Edward c. Stone

By Edward c. Stone
| The National Capital Bank, 316
Pennsylvania avenue Sc, will open
a branch office in the vicinity Of
Pennsylvania and Minnesota ave-
nues Sc. in the near future, Presi-
dent George A. Didden, Jr, an
nounced last night. Approval was
granted by Acting Controller of the
Currency C. B. Upham.
The new Office will provide COM
plete banking facilities and be put
into operation as soon as all ar
rangements have been completed,
Mr.. Didden said. The area where
the bank is to be located is known
as Randle Highlands and has de-
veloped rapidly in the past few
! years.
Merchants and residents have
been anxious for banking service in
their own neighborhood. Recent
growth of the territory is indicated
by the erection of a new telephone
exchange and appropriations for
new schools.
The National Capital Bank has
grown steadily since it took over the
East Washington Savings Bank,
deposits at the end of 1945 totaling
S12,643,8O5.
Easter Trade Sets Records.
Easter trade shattered all previous
records in the Capital, department
store executives stated last night.
While 1t was to early to give per-
centage gains, they said retail sales
were far ahead of the 1945 Easter
/ season which also established new
high mark. Merchants said they
had never seen such crowds in the
stores except during the Christmas
holidays
/ The Richmond Reserve Bank re-
ported yesterday that department
store sales in Washington for the
week ending April 13 were 72 per
cent higher than year ago, 100
per cent in Baltimore and 81 per
cent in the fifth district. A year
ago, however, Easter trade was over,
making the comparisons of limited
value.
Cumulative sales in the Capital
for the four weeks ending April 13
were "a per cent ahead of last year,
, the review said.
Mehler Joins Columbia Staff.
The Columbia National Bank yes
terday announced the election of
William B. Mehler, jr., as assistant
vice president, effective tomorrow.
Mr.. Mehler has been in banking
! since September, 1928, when he
! entered the old District National,
In 1927 he went with the Washing
ton Mechanics Savings Bank as pay
ing and receiving teller and three
years later was made assistant
cashier.
In 1914 he was elected assistant
! vice president of the City Bank and
IS leaving that position to join the
Columbia staff.
i Bankers Urge British Loan.
Washington bankers returning
! from the ABA Executive Council
meeting at French Lick, Ind, report
that the flnanciers were very strong
ly IN favor of the British loan.
Council members said the pro-
posed loan will provide at a critical
point working capital essential to
} the worlds economic wellbeing, help
! remove trade barriers, promote re-
covery and aid future world peace.
! A program of domestic economy,
Lreduced government expenditures,
) and balanced budgets was also urged.
Haines Heads Underwriters.
i George l.. HalneS was elected pres
, ldent of District of Columbia
Chapter, American Society of
Chartered Life Underwriters, at the
annual meeting at the Mayflower
: Hotel.
} Charles w. O'Donnell was named
vice president; Chester R. Jones,
program chairman; Charles w.
Hackney, secretary treasurer; J.
! Hicks Baldwin, James S. Holmes,
Joseph L. Silverman, directors. Cliff
ford H. Orr, national president, was
the guest speaker.
Directors of the Morris Plan Bank
have elected Oscar F. Douglas, III.
, an assistant cashier. He is a grad
uate of Yale and member of the
University Club.
The quarterly dividend of IL per
, cent voted by the American Fire
, insurance Company of the District
! OF Columbia, will be paid May to
stock Of record April 25.
!, view wee TTcSlQenL Named.
Col. Fred M. Glass. wartime chief
: OF staff for the Pacific Division, Air
Transport Command, has been ap.
pointed vice president of Pennsyl-
> vanla-Central Airlines, in charge of
us southern region, President c. B.
Monro announced yesterday. He
Will nave very large territory under
. MS direction, with his HEADQUARTERS
. at the National Airport here.
: 1he washington Office of National
Engineering Products announces
that Clinton Rector has been elected
! wee president and director. He has
been active in the plastics industry
for Is years, heading this branch Of
. the War Production Board during
. the war.
With the return of peacetime air
, travel and the rapid addition of new
, tour englned equipment, revenue
passenger miles on United Air i,,es'
system jumped an estimated 81 PEI
, cent III MGlIn over tie s.. I'd
a year ago, and 81. per cent over
Feoruary, according to o. c. Enge,
olStrlct manager of traffic and sales.
; Greene New Research Chief.
! ernest w. Greene. vice president
OF the Hawaiian Sugar Planters
! ASSOCIATION, 731 Investment Build
> ing, has been elected president Of
? the sugar Research Foundation. He
is a director of the National Savings
q Trust Co. and member of the
. executive Council and chairman of
the Department of Finance of the
: Episcopal Diocese of Washington.
Lanston Monotype's quarterly div
! ldend Of Is cents per share will be
= paid May 81 to stock of record
3 May 21. Directors were told last
thursday that the company had
oeen fortunate in securing about
3 S3O0,oOO worth of new machinery
and tools which will step up produc-
: ton substantially. March bookings
) were Is per cent higher than a wear
3 ago. In January, the OPA allowed
: II per cent increase in prices on
all printing machinery.
Controllers Plan Forum.
District of Columbia Control Con-
trollers Institute of America, will
2 O