Evening star., 1949-10-21
YuIe Bonus Approved
By Second National
Bank Directors
By Edword G. Stone

Second National Bank directors
have awarded bonus of one
months pay to all officers and
employees. the tenth consecutive
year that such extra compensa-
tion has been granted, President
John A. Reilly announced today.
This is the first Christmas bonus
to be reported by a Washington
bank.
The directors also paid special
tribute to "a employees in service
of the institution for more than a
decade. United Savings Bonds in
sums ranging from $25 to $500
were awarded these employees for
their long service.
Among the "a are 8 who have
served for more than a quarter of
a century. They include Victor
B. Deyber, chairman of the board;
Joseph R. Fitzpatrick. vice presi-
dent and cashier; Stuart S. Ogil-
vie, vice president; Gerald E.
Keene, assistant vice president;
Frank Miles. assistant cashier:
Miss Elizabeth M. Kintz, Mrs.
Margaret Seyboth and Herbert P.
Souder.
American Express Expands.
The Washington Office of the
American Express Co. will move
from its long time address in the
Willard Hotel to much enlarged
quarters at 624 Fourteenth street
NV, between F. and G, effective
next Monday.
At the same time, the staff is
being enlarged due to steady ex-
pansion in travel and financial
business. A. w. Harke. with the
company since 1880. will continue
as Washington district manager.
Ralph T. Reed, company presi-
dent, said that A. R. Buckley will
be assistant manager, and A. S.
Carhart in charge of travel.
Financial operations will be in
charge of w. H. Stetser, jr.
The company will continue to
operate the travel bureau in Gar
flnckel's department store, Mr..
Reed said. The tremendous in
crease in international travel is a
big factor in the move here.
Lanston Dividend Declared.
Directors of the Lanston Mono
type Machine Co. have declared
the regular quarterly dividend of
so cents per share, payable No
vember 80 to stockholders of rec
ord November 18.
Store stocks are appearing more
and more frequently in the Wash
ington Stock Exchange sales.
Hecht preferred has just reached
a new 1949 high of 92A.
Washington Chapter, National
Association of Cost Accountants,
has appointed Warren A. Melhorn
of Mace Properties, Inc, as direc-
tor of meetings.
A. F. Meyers has been named
manager for this area of the
American Structural Street Prod
ucts Co.
Service to Be Rewarded.
Samuel G. Tribble of Washing
ton and Lena A. Smith of Brente1
wood, Md, will be inducted into
the Quarter Century Club of
Standard Brands. Inc, at the an
nual dinner at the Mayf1ower next
Thursday night, President Joel S.
Mitchell has announced. EN-
ployes of the Langdon Pant, they
will receive engraved watches. S.
G. Weber is dinner chairman.
George A. Hates, general agent
Of the Fidelity Mutual Life In
surance Co., was recently given a
10th anniversary dinner at Hotel
2400. He heads the company's
leading agency and is also the
company's leading producer. Presi-
dent E. A. Roberts was the chief
speaker.
The United States Inter-Amer-
ican Council of Commerce and
Production will hold conference
at the United States Chamber of
Commerce November 1917 on the
effects of currency devaluation,
K. H. Donavin, director.
September Revenues Drop.
Fifteen Glass I railroads in the
southern region reported today
that operating revenues in Sep
,tember showed a decrease of II
per cent below September, 1948.
Estimated freight revenues de-
creased 1912 per cent and esti-
mated passenger revenues were
down 17.9 per cent from last year.
The Richmond Reserve Bank
reports rapid recovery in opera
tions of cotton mills in the Fifth
District. Hosiery business has
also improved notably.