Evening star., 1949-12-09
C.&P. Telephone Nei
Sharply Below 19&
During October
E Edward G. Stone


& Potomac Telephone Co. in Octo-
ber amounted to $265.617, a de-
crease OF $123,141 from the same
month last year, according to a
statement flled with the Public
Utilities Commission today. Oper-
ating expenses increased $84. .6S7
during the month.
Net income In the first 10 months
of 1949 totaled $2,812,104, a de-
crease Of $476.157 from the like
1e4S period. Operating revenues
totaled $2e,325, SOS against ST.
s90.279 a year ago. Operating ex-
penses required $23.541.706 COM
pared with $21 1,508.452 in 1e48
Taxes were lower.
At the end of October there were
461 ,591 phones in service In Wash
ington, gain of 18,805 over Octo-
Der, 194S.
Success Secrets Exposed.
Ralph G. Bosher. district man.
ager Of the Jefferson Standard
Life Insurance Co., at Virginia
Beach, told 800 members of the
District Life Underwriters Asso-
citation how to write 1880, 900 in
new insurance in II months at the
December luncheon at the May
flower Hotel yesterday.
His explanation seemed very
simple. All that has to be done is
to set a definite objective in ad-
vance and then live up to the OBJ
jective. the speaker said. The fig
ure mentioned is the amount OF
life insurance he has written this
year. For years he has been the
top producer in his company. His
goal has often been 100000 a
month, or $4,000 a week. which
he has always attained.
President William j. McCaus-
land introduced 10 new members
Harry Meixell urged association
support Of the Hoover report urg-
ing Government reorganization
and economy.
Chapter Debates Start.
Washington and Baltimo or e
Chapters. American Institute OF
Banking. will hold a debate in the
American Security Building this
evening on the topic, THAT a
Federal Union of the Signatory
Nations Of the Atlantic Pact
Should Be Established" A lively
contest is predicted.
On December 49,. Washington
Chapter will debate with Phila-
delphia on the subject. Resolved,
That the Federal Government
Should Enact Legislation Provid-
ing for the Outlawing Of the
Communist Party In the United
States"
The Anacostia Federal Savings
& Loan Association is the latest
institution In the Capital to in
augurate q Christmas Savings
Club.
The Suburban National Bank
Board of Directors yesterday de-
clared . Z per cent Christmas
bonus to all officers and employees,
based on their annual salaries.
Another Yule Bonus Voted.
The Valley Forge Distributing
Co. will pay the regular Christ
mas bonus at the annual holiday
party on December "a.
The Richmond Reserve Bank
reported today that outstanding
orders for goods In Washington
department stores on October 81
were Is per cent lower than a
year ago.
John r. o,Brien, official OF
Remington-Rand, Inc, will ad-
dress the National Office Manage
ment Association at a dinner
meeting next Tuesday at the
Dodge Hotel.
e. L. Moore, formerly with the
Veterans Administration is now
with the Standard Scientific Sup
ply Corp, New York.
Howat New Club President.
p. Y. K. Howat. head of the
Howat Concrete Co., has been
elected president Of the Engineers
Club Of Washington. Coleman B.
Mark, Ordnance Department Of
the Army, was named vice presi-
dent, and Bernard r. Locraft, civil
engineer, treasurer.
Fred L. Lutes.- Montgomery
County Savings Bond chairman,
reports that e Bond sales in Oc-
tober reached $176.8 1894 VS.. $115,592
year ago. In the first ten months
Of 1e49 sales of E Bonds totaled
t1,7sl, ,8o2, q 13 per cent gain over
i946.
Armitage Heads Bankers.
Albert T.. Armitage of Boston
was elected president of the In
vestment Bankers Association
meeting at Hollywood, Fla. Marck
G. Elworthy, San Francisco. was
elected q vice president. fou1
Dthers being reelected, Hazen s
Arnold, Toledo: j. F. Fennelly
Chicago: ]. T. johnson, Milwau-
kee. and Lawrence M. Marks, New
York.
The success Of individual bust
ness firms in 1850 will be more de-
pendent on the effectiveness o1
selling methods, advertising
campaigns, price policies and mar
ket analyses" than in any yeal
Jince the war. the quarterly letter
pf the United States Savings anc
Loan League declared today. II
earmarked 1850 as q marketing
rear" and competition intense"
>s.