Evening star., 1950-07-11
Assets Of S17,06O,275
Shown by Columbia
Federal Savings
By Nelson M. Shepard

Assets total $17,060,275 were re-
ported by the Columbia Federal
Savings & Loan Association at the
close of business June 80. c. Gay
Harrell is chairman of the board
and William E. Poulton is treas
urer.
Columbia held $14,643.715 in
first deeds of trust secured prin-
cipally on homes in Washington
and the Metropolitan area. In
cluded also in the assets was $815,-
900 invested in Government secur-
tiles. Total savings by customer
members were reported at $14,-
749,644.
The National Association Of Cost
Accountants is rallying it's Wash
ington members for family night"
at Griffith Stadium. Friday, July
81, when the Mats and Cleveland
fight it out. A block of reserved
seats is being held for the ac-
countants and reservations may
be made through Paul Imler,
director of special activities, 1135
Twenty first street NV.
Perpetual Starts Razing.
Construction of the new So mil
lion home of the Perpetual Build
ing Association on E street be-
tween Eleventh and Twelfth
streets NV. is expected to be COM
pleted in about Is months. Work
started today in razing a small
group of buildings fronting on E
street and extending north on
Twelfth street.
IF the war doesn't halt things
We'll get through on schedule"
Edward C. Baltz, Mutuals presi-
dent, said today. The new con-
struction will give Perpetual more
than 100000 square feet of space.
The company recently acquired the
adjoining building at SOC Eleventh
street and buildings at SOL, SOB
and sos Twelfth street. These, to-
gether with the present building
and structures earlier acquired on
E street will give the new building
overall dimensions of rs by 200
feet. This will include rs feet of
frontage each on Eleventh and
Twelfth streets and 200 feet on E
street.
The Perpetual, largest savings
and loan institute in the United
States, was established in 1888.
Mr.. Baltz has been associated with
the company more than 40 years.
He takes considerable pride in the
plans for the new Perpetual home
which will be six-stories high. The
base and exterior trim will be of
carnelian granite with the bulk of
the facing to be of limestone.
A. U. Offers Business Courses.
Of interest to the staff members
of Washington banks and business
offices are the new courses being
provided by American University
in its Division of Business Studies.
Students are now being regis
tered for the second half of the
summer session starting July 81.
A number of inquiries from bank
employees have been received rela-
tive to such courses as retail sales
manship, retail personnel training,
Publication Advertising, Fire and
casualty insurance. corporation
finance and business law.
Dalton Heads Food Group.
At monthly meeting in Wash
ington last week, rs trade associa-
ton executives in the food busi-
ness, known as the Food Group,
elected William Dalton as their
presiding officer for the coming
year.
Mr.. Dalton is executive vice
president of the National Associa-
ton of Refrigerated Warehouses,
with Offices in the Tower Building
and general secretary, also. of the
American Warehousemen's Asso-
citation.
Other officers of the group are
Joe r. Cavanagh, Americas Insti-
tute of Food Distribution, vice
chairman. and Miss Geraldine
Walsh, Milk Industry Foundation,
secretary treasurer.