Evening star. [volume] (Washington, D.C.) 1854-1972, 1949-05-22

W e<sr9rs6aF all -
ne sven tc ~
-
stats 10 NAAh.
,ngton eAuEs
eAhtetis Araa ar ssAssa
esrDlnx reception Tie ays3 sas-
,ness sessae0 THURSDAY ~! hs
called 10 order ~ EEnest "a
Wilson. chairman @, the auditors
section a TIRE pg&lg1el AAnkFfs'
ASssAc aAstan FulloatnE tnVceAlsca
by ths Rev non c irwin - tire
Wallace Memorial Presbyterian
q welcome wlll ~ accorded
delegates by Rch~rt II Lacey head
81 the District Bankers AsSoelA-
ton
i<adlne speakers THURSDAY ali
include W II Neal 81 winston
Salem on Building Reserves ~
Public Confidence Norman 7.
Havevhtll. Mass en-
Constructive Ada 10 Commercial
Bank Management. and Milton A.
Swartz Of the Guaranty Trust ce.
New York seven bankers are 10
conduct forum ON Direct
verlsicat!on "
Speakers Of other business 49,
sions wiil Include Warren II,
Foster. Hamilton National Bank
Vance l. Sailor. Federal Deposit
Insurance Corp r c, Masters.
Federal Reserve examiner. Wash.
lngion. Maurice paFshaIl Bureau
Of Internal Revenue. and Arthur
J, Linn, Of Snyder. Farr A. Go.
Washington. Roger } whisssord
Rill he POSTMASTER al the annual
dinner Saturday. with Jennings
Randolph. aSslsiAn, 70 the pres
ldenI Of Capital Al'lines. a. the
speaker
tCC Anthartses Rana Issue
The Washington Terminal Co.
has been authorized by the Inter
state Commerce Commission 10
issue 81 1900 900 first rsortgaes
bonds, The company which op-
crates the Union Station, 10
owned by the Philadelphia IA.
timore A Washington Railroad
and the Baltimore A Ohio. which
are underwriting the issue pro
ceeds 10 be used in improving ter
msnal facilities,
The fCC authorized the Rich
mond. fredericksburg A Potomac
Railroad Co. 10 make q four for
one splitup Of It's capital Aiork.
The company will issue 7n.0ia
shares OF guaranteed stock. s36Ta
shares Of common. and $50 100 81
dividend obligations. par value as
! share The splitup Ia intended
10 afford wider distribution Of The
stock
Weeks sters sales on.
Department storv sales In the
Capital for the week ended May
II were ! per cent lower than In
The same week Q year ago and
10 per cent under the previous
week this year. the Richmond Re
serve Bank reported. Sales In the
ffth district we're down per
cent
Mrs, Robert ~ Lacey. wife Of
The president OF the District
Bankers Association. will serve a.
chairman OF the Ladies' Commit
lee at the coming convention ut
White Sulphur. with MIRA. George
M. Fisher a. vice chairman
Other committee members are
Mrs. II. T. BiSseils. MTs. w. l.
MrG. n. A. Norrts. Mira.
?. NJ. Perley. Mira ID. J. Callahan.
IT.; Mrs. b. l.. Cotton. Mrs. J. n
and Mira. Ralph Endi-
sott.
Kxsestives Held Ferwm.
Business executives heid forum
nj the Mayfiower Hotel
sponsored BY the DA-
.riet Chapter. Association OF Amer
can Executives. Lee Lloyd. prs&i-
tent. Speakers included c. II.
Aonsees. national president. Rep
NJ. q. Burnside. r. X.
Quinn. J. Freeman Pyls. George
rerborgh. Senator Joseph {.
D Mahonsy. Representative chss
dolifeld and Arthur Ooldbefs.
aids for snaIl business and the
Iixe and growing costs Of Govern
nsnt were leading topics eou-
Iidered.
Philip H. kniSksrn. head Of q
mortgage firm. wili
address the Society oi Residential
Appraisers. tomorrow evening 81
Inner meeting at the Burlington
Hotel.
The Bank woEnsns Club If
will b. addressed By
fra. Frances Hollis. executive vice
Of the Mary Cheas Per
Tune HOUSE. tomorrow evening at
1iiison's Little Tea House Ia Ar.
ington. Miss Edna Oney vii
reside.
Insurance. CIinies Planned
More than 100 managers.
assistant managers and top agents
II the Prudential Insurance Cos
Eastern ofsoes will hold sAlss
.lintcs this sseek nj ths Hotel
statIer. Washington ofaces siii
end three district managers. 10
assistants and II awsnts, carrol
n. Shanks. company president.
viii give several t&lka.
Waiter r.. Frese. chief. Account
ng Hystesna. General Accounting
Once, ard former University a
Iisnoas profsssos. VIII address Das-
rsct Control. Controllers Institute
Il Aner5ea. ~ o dinner nesting
Tuesday evening Of ths Carlton
Hotel. Plans for The annual tso-
lay cutting a. the Faysntngs0n
country Club viii es MADE.
Ftnaaeass Dissrses Ast~s.
Tns Executive COMMITTEES Of ths
District Building and Loan Leaxas
neets Tuesday noon 81 TIA MAJ
lover.
AL details are completed for ere
4 the anexs Bond Club outings ca
A ~~s Ns.4Aau "a fAa AaFa4R