Evening star., 1948-01-25

past president of the chapter. Other
committee members include B.
Bruce F'rantz, Kenneth o. Hulse and
George M. Rowzee, jr., vice chair
men. Eleonar Omohundro, secre-
tary: Ralph Mittendorf, treasurer.
other chairmen are James Ahalt,
decorations; Samuel G. Redman. jr.,
entertainment; Allen Greenstreet,
publicity; Herbert D. Dawson, IT.,
reception; w. L. Sanderson, seating;
Helen r. Dyer, women's committee;
Stephen o. Porter, entertainment OF
out-of-town guests.
D, C. Bank Earnings Rise.
Washington's 10 banks prospered
In 1947, according to Controller OF
the Currency Preston Delano. Net
earnings from current operations
amounted to s6,646,000 against S.
5s3 900 in 1916, an increase OF sos"
600. Operating expenses called Tor
$15,114,000 VS.. $13,532. 900 IN l946,
rise of 81, ,582 900.
Interest and dividends on Gov
ernment obligations were lower,
s8,310,000 comparing with $9,3O5, 600
in 1916. Interest and discounts on
loans reached $7,745,00O compared
with S., ,694 900 year earlier. service
charges again were helpful. Total
operating earnings stepped up to
$21, 100000 against $20,l25,oOo IN
1916.
Net profits before dividends were
A. .991 900, as compared with $5,438,-
600 a year ago. Total dlvldenos
paid also were lower, S2,39S, 900 vs..
$4,000 900.
Store Sales Above 1947.
Department store sales in the
Capital for the week ended Satur-
day, January IT, ran 8 per cent
ahead of the like week year ago,
the Richmond Reserve Bank re-
ported, but were 6 per cent behind
the preceding week this year. -Four
sweeks cumulative sales were up IA
per cent.
Directors of the American Fire
Insurance Co. of the District have
declared dividend OF 3 per cent.
payable February l to stock OF
record January rs.
Anacostia Federal Savings & Loan
Association reelected all officers at
Yesterdays annual meeting. Carl G.
Smuck, secretary. reported assets
at new peak, $2,780, 900.
The January meeting OF the Dis
trict Building and Loan League
takes place Tuesday noon. at the
Mayfower. Chairman Hawiey
Smith will report banquet plans.
Guest Speakers Announced.
Carl Preston Herbert, president
of Government Research Assocla-
tions. and Robert E. Lee, chief OF
the investigating staff Of the House
Appropriations Committee and Tor
mer assistant to j. Edgar Hoover,
will address the January dinner
meeting of the Controllers Institute
of America, at the Carlton Tuesday
evening. Henry w. Herzog, an
nounced yesterday. Awakening OF
Congress" is the subject.
Albert G.. Norton was elected a
director OF the Jefferson Federal
Savings e. Loan Association to sue
ceed his father, the late Howard
r. Norton. The annual report OF
President Fred A. Smith showed as
sets had advanced about $4,000 900
In 1947. In It's own quarters, busi-
ness has increased rapidly, he said.
Leonard Baldinger, director, Fed
eral Income Tax School, reports
wide interest among tax lawyers In
taxation course opening In Febru-
ary. Edward Stephens, tax expert,
will conduct classes in the National
Press Building.
Reporting all stock sold. the Shir-
lington Trust Co. expects to open
the last week in February.
Lanseair Travel Service, Inc,
elected william N. Briggs. Wash
ington lawyer, q director and vice
president. william s. Culbertson.
former Ambassador to Chile, has
become a director.