Evening star., 1948-02-01

M D' AhonA ooFN' Ill DQSlIlGSS ana
Government circles. Mr.. Thompson
has served on many previous COM
mittees planning these banquets.
Flather Heads Mergenthaler.
William ]. Flather, jr., head of
the mortage firm of William j.
Flather, jr., Inc, has assumed his
new duties as president of the
Mergenthaler Linotype Co., taking
the place of Joseph T. Mackey who
retired.
Mr.. Flather has been a vice presi-
dent for some years and a director
since 1889. A prominent Washington
business man, he is a graduate of
Princeton, member of the Cosmos,
University, Metropolitan and Chevy
Chase Clubs and the Columbia
Historical Society. He is a former
director Of the Community Chest
At the same melting in Brooklyn
Martin M. Reed was elected execu-
tive vice president He has been
secretary, is lawyer and native of
Philadelphia.
Telephone Earnings Lower.
Net income of the Chesapeake g.
Potomac Telephone Co. In Decem-
Der totaled s147,o02 against $24s,-
573 in December, 1916, the report to
the PUG revealed. Net for the full
year 1947, before interest and divi-
dends, amounted to $2,387 ,028, COM
pared with $3,464, 1903 a year ago.
Officials stated that at the end
of l947 the company had spent $2S,-
000, 900 in % months on expansion,
which calls for total outlay of
$70,0OO,0OO. Since July, 1945, there
has been an increase Of $4,000
phones in service. In the same
period, employees have increased to
$500 The company still has about
10000 orders for phones which it
hopes to fill this year.
Capital Store Sales Drop.
Department store sales in Wash
ington for the week ending Satur-
day. January "a, were 10 per cent
below a year earlier, and II per
cent behind the preceding week, but
were 2 per cent above year earlier
in four weeks ending January "a,
the Richmond Reserve Bank re-
ported. The weather was an i'm
portant factor in the lower sales.
The 67th annual statement of the
Washington Permanent Building
Association, Carl j. Bergman,
president, lists total assets of sl5,-
63l ,789, with $14,000,000 in first
mortgage loans. The number OF ac-
counts reached new peak.
Planning to attend the mid
winter conference of the American
Savings and Loan Institute, in New
Orleans, February 1914, are William
H. Rippard, Joseph P. Burke, jr.,
William E. Poulton. Hermann
Schwertner, w. Preston Hunt, Ray
mond C. williams, Miss Anne Fague,
Dom B. Thomas, r. H. Sinclair,
Albert Denham, Worth Arnold.
The Washington-Baltimo Life
Insurance Sales Conference has
been set for Thursday, February
26, at the Shoreham Hotel, 1t was
announced mere yesterday. ADout
400 are expected.
Heard in Financial District.
w. T. vandoren. newly elected
president of the Liberty National
Bank, is recovering from an opera
ton for appendicitis.
C. A. Miller, agent of the Chicago
& Northwestern Railway in New
York, has been made supervisor Of
the agency in Washington.
Richard P. Dunn of Auchincloss,
Parker & Redpath is one Of the
governors of the Association Of
Stock Exchange Firms, which meets
in Atlanta February 1914.
Daniel E. Casey, Washington tax
expert and William P. Helm, widely
known writer and author Of bi-
ography OF President Truman, are
coauthors of Slash Those Taxes"
lust published by Duell, Sloan q
Pierce, Inc. The book contains most
interesting facts about taxes.